QUOTE(Talbac @ Sep 20 2012, 05:17 PM)
Hello cash-flow investor, I saw the paragon tower 1 or 2 months ago. For one that area has a lot of condo coming up and I feel there will be oversupply of condo in that area, as there is lack of universities market while the area still has ample of empty land mostly planned for highrise condo.
At 480k, upon completion your cost alone will be touching 540k which would require the rental to hit RM3000 just to cover your instalment and maintenance fee. If you are looking for positive Cashflow I don't think it is possible with paragon as it has encroahed into mont kiara's price range already.
Flipping wise, ivory residence can expect an increase of 30percent to 350psf or 450k per unit and still within condo range. Paragon's 30percent increase to 430psf or 630k per unit would be much harder to achieve due to ample of choice at that price range.
You should also note only studio units with built up of less than 550sq ft could hit 400sq ft, not large built-up unit like paragon.
Strange to compare thus 2 condo as they are located in different areas. Paragon and ivory both are okay to stay in, but if you are looking to buy as investment, for me paragon is a no-no, ivory residence is the much better buy.
Thank for your opinion, however once I compare both project, paragon 3 really very attractive interm of pricing and facility, only problem is SIZES. Anyhow, I think will not take up any unit for P3, if the selling price for the smallest unit touch 450k above, for condo + lease hold with paying monthly maintenance is not worth, unless for own stay.
For ivory, I don't really like the whole layout, and not much facilies for this project, what I can recall is swimming pool, gymnasium and badminton hall(so call function hall) I just went to the sales gallery and actual site today, this project located far away from KL and PJ. anyhow for people staying nearby Kajang or work at semenyih then might be a good unit for them. For flipping, to me I think possible, but no matter how still Kajang(slow develop erea), and I do agree with you, 450K will be reasonable price after completion,
if buy, MatiMati might not sell and think of long hold for look see look see 1st, if the MRT really work la. Since few banks is there, Tesco and Giant just near by.
Plus 360-400k loan, installment Still less than 2K(after plus maintenance), (note: this place not suitable for renting)
I rated: 65% Can go for this project. (flipping)