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Household Palm Spring condo, Kota Damansara, Need advise

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puchongite
post Apr 21 2013, 04:25 PM

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QUOTE(tsi_sam888 @ Apr 21 2013, 04:10 PM)
what makes u like this place?
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Walking distance to MRT dataran sunway station ? Also near other amenities.
tsi_sam888
post Apr 21 2013, 04:38 PM

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yes..2017 mrt project there.. its one of the most affordable condos here..
zhengdek
post Apr 21 2013, 04:41 PM

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Im looking for 400k+ property

but d only concern is whether it is easy to rent out or not.
because i saw alot of posting for rent out~
means too many supply already.
worry bout this.

and alot of foreigners there...
easy to manager the rental collection or not

zhengdek
post Apr 21 2013, 04:42 PM

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sad thing is after i calculator the monthly installment against the rental expected to get....

no extra cash yet need fork out extra for maintaince fee.

worth to invest?

puchongite
post Apr 21 2013, 04:50 PM

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QUOTE(zhengdek @ Apr 21 2013, 04:41 PM)
Im looking for 400k+ property

but d only concern is whether it is easy to rent out or not.
because i saw alot of posting for rent out~
means too many supply already.
worry bout this.

and alot of foreigners there...
easy to manager the rental collection or not
*
It's quite easy to rental if you are not too particular with the choice of the tenants.
zhengdek
post Apr 21 2013, 05:14 PM

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QUOTE(puchongite @ Apr 21 2013, 04:50 PM)
It's quite easy to rental if you are not too particular with the choice of the tenants.
*
Walking distance to MRT dataran sunway station ? how to check the exact MRTA point?



any 1 know d maintaince fee there? how much per monthm
puchongite
post Apr 21 2013, 06:45 PM

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QUOTE(zhengdek @ Apr 21 2013, 05:14 PM)
Walking distance to MRT dataran sunway station ? how to check the exact MRTA point?
any 1 know d maintaince fee there? how much per monthm
*
http://www.mymrt.com.my/en/route-map

I estimate it to be about 300m to Dataran Sunway station.
puchongite
post Apr 21 2013, 06:51 PM

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QUOTE(zhengdek @ Apr 21 2013, 04:42 PM)
sad thing is after i calculator the monthly installment against the rental expected to get....

no extra cash yet need fork out extra for maintaince fee.

worth to invest?
*
Density quite high so maybe rental not that great.

What are the numbers you use for your calculation ?

This post has been edited by puchongite: Apr 21 2013, 06:51 PM
dunhillmenthol
post Apr 21 2013, 07:28 PM

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QUOTE(zhengdek @ Apr 21 2013, 04:42 PM)
sad thing is after i calculator the monthly installment against the rental expected to get....

no extra cash yet need fork out extra for maintaince fee.

worth to invest?
*
technically any rent that can cover your monthly interest cost and maintenance fee is a worthly investment in my opinion. Not fantastic, but imagine u get interest free loan to pay for your property..not too bad right?
tsi_sam888
post Apr 21 2013, 08:08 PM

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Rental at palm spring ok.. If palm spring hard find tenants, means other place in condo harder d
1282009
post Apr 21 2013, 08:25 PM

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zhengdek
post Apr 21 2013, 10:42 PM

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around 390k with tenanted 1600
consider not bad

but after discuss with my gang
found that surrounding are well developed.
if looking for prop value appreciation is hard.

any other opinion or suggestion where to invest?
zhengdek
post Apr 21 2013, 10:44 PM

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QUOTE(puchongite @ Apr 21 2013, 06:51 PM)
Density quite high so maybe rental not that great.

What are the numbers you use for your calculation ?
*
i did called few agents
many unit just posted in mudah are already sold out
walao selling like hot cake now

maintainance fee around RM 150+ plus if loan 350k 40 years - repayment around 1.5k

so the rental enuff to cover all
we just need to fork out deposit and legal feee.
lunayew
post Apr 21 2013, 11:39 PM

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Very easy and fast to be rented out... both my units come with simple furniture rented for rm1800. So long maintenance is okay, I am optimistic on cap appreciation there, as at now almost impossible to find a decent condo less than 400psf in that vicinity and this have not taken into account of the future mrt and shopping malls nearby in <3years time.
puchongite
post Apr 22 2013, 03:14 AM

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QUOTE(zhengdek @ Apr 21 2013, 10:42 PM)
around 390k with tenanted 1600
consider not bad

but after discuss with my gang
found that surrounding are well developed.
if looking for prop value appreciation is hard.

any other opinion or suggestion where to invest?
*
You already know it is not bad ! Hard to find something at that price in that neighbourhood. I think current price has not loaded in the full MRT factor yet.

When everybody comes to realize that it is about 300m walking distance to MRT station in one or two years time, the cap appreciation will easily go up a few tens of percent.

I think it's a safe investment and proven location. Cap appreciation is the extra bonus.
tsi_sam888
post Apr 22 2013, 09:01 PM

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QUOTE(puchongite @ Apr 22 2013, 03:14 AM)
You already know it is not bad ! Hard to find something at that price in that neighbourhood. I think current price has not loaded in the full MRT factor yet.

When everybody comes to realize that it is about 300m walking distance to MRT station in one or two years time, the cap appreciation will easily go up a few tens of percent.

I think it's a safe investment and proven location. Cap appreciation is the extra bonus.
*
exactly!!
zhengdek
post Apr 22 2013, 09:02 PM

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but i found some place with only price around 400k but rental up to 2.5k
is this fantastic?
but prop value appreciation concern again
puchongite
post Apr 22 2013, 09:37 PM

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QUOTE(zhengdek @ Apr 22 2013, 09:02 PM)
but i found some place with only price around 400k but rental up to 2.5k
is this fantastic?
but prop value appreciation concern again
*
Then go ahead to invest in those ! Why would you still bother to consider Palm Spring then ? rclxub.gif
zhengdek
post Apr 22 2013, 10:14 PM

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near gizal mall... hahhaha i like
puchongite
post Apr 22 2013, 10:29 PM

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QUOTE(zhengdek @ Apr 22 2013, 10:14 PM)
near gizal mall... hahhaha i like
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I hope you are not concluding just basing on info obtained from iprop, propwall and something like that. Info from these websites can be misleading.

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