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 Bangi Avenue, New Township in southern klang valley

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honesty tan
post Jul 18 2017, 09:45 AM

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Landed for Bangi Avenue is always cheaper I wonder why ? Even nicely built 3-
storey can get it at around 7xxk .
honesty tan
post Jul 18 2017, 10:38 AM

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QUOTE(BRE @ Jul 18 2017, 10:26 AM)
Bcos launching price was low?

I thnk last time developer's price 300k+
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Yeah could be one of the reason but few years back they were already selling at 5xxk.
Wasn't too far from Mid Valley though - and rent-able for target groups.
Can KIV as upside if has budget to keep ONE.
Better than Rawang, Sg Buloh, Semenyih which located almost the end of north & south.
honesty tan
post Jul 18 2017, 10:11 PM

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QUOTE(easywin3 @ Jul 18 2017, 10:04 PM)
Hence I cannot understand again, the price is so good for the 3-storey. So tempted. =)
honesty tan
post Jul 18 2017, 11:26 PM

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QUOTE(easywin3 @ Jul 18 2017, 11:13 PM)
2 years back I was looking at it but agent insists for price >700k so I gave up and turn to other projects.
It has walking distance to pasaraya and nearby Tesco, direct exit to north-south highway, consider good for own stay.
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Is it referring to same development, with today's price of 650k? Yeah own stay is quite OK. Can stay in two generations. Accessibility is acceptable too. Better than some very hectic areas.
honesty tan
post Jul 19 2017, 12:29 PM

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QUOTE(BaRT @ Jul 19 2017, 11:30 AM)
i'm not surprise. Most flipper in hard situation now.
rental for BA is not so good to cover the monthly installment.

to find a tenant oso difficult nowdays, coz lot of house available now.
how much you think 2 storey selling price can go now?

unless at center of kl, thats different story.
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Those flippers must have think that, well with the landed, 3 storey somemore sure can get quick win of 100k.. at very minimal..

Too bad that area is just good for own stay. 2 storey the average value shall be +/-700k for a standard 20x70 at other areas.. hence it worth to KIV since BA is just selling like Kajang/Semenyih price tags despite the BU is big.. 2100sq ft.. and can get 3200sq ft by topping up another 100k or lesser..

Sounds like the demand there is shaping its price..
honesty tan
post Jul 19 2017, 12:52 PM

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Anyway.. it says like this..

http://www.thestar.com.my/business/busines...-in-h2-of-2018/
honesty tan
post Jul 19 2017, 03:45 PM

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QUOTE(twincharger07 @ Jul 19 2017, 03:38 PM)
For early buyers who bought at RM320k, they can rent out RM1200/month
Installment is about RM1500/month.

Tenant pay 1200 for interest while owner top up rm300 to pay principal.. owner don't lose if his money goes to pay down principal..
not that bad actually as owner do not lose if they are able to rent it out.. thus some might choose to hold until the price is right for them..
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Agreed. It is just like paying the debts at nett price over long run whereby future value is smaller. Not too bad if can rent out actually.
honesty tan
post Jul 19 2017, 07:11 PM

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QUOTE(twincharger07 @ Jul 19 2017, 04:34 PM)
there are units rented out actually.
There are landed houses in Kajang that initially I tot impossible to rent but there are some demand

When house price escalate to 500k, one need to pay RM2000 for installment. So, some will resort to rent it at RM1300 for the time being. No hefty up front fee like downpayment, legal fee, MOT etc

For those owners who bought at 300k, as long as the tenant able to pay rent that is enough to pay off the interest.

So it is a win win situation.. Tenant get to stay in landed worth RM500k and only paying RM1300 rent with no upfront, while owner has tenant that help them pay down the interest...

I have another fren renting in Kinrara which the corner house worth RM1.3mil, but he is only paying RM2000 rent. He don't see the point of buying, and his landlord worry my friend wont rent from him in the future... amazing...

In next few years, I think there will be more ppl looking to rent than buy due to cheap rent and hefty property price..
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Thanks for the real case examples. Like you said the trending is towards rent-than-buy and for buyers or investors, negative gearing seems unavoidable for anything above 300k, but what we can do / mitigation is play within safety net to have rentals to cover accrued interests and mere paying the principal. Then keep for upside if there is value to hold with longer cycle of uptrend.

honesty tan
post Jul 22 2017, 01:04 PM

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maybe becaude SH is Semenyih address and BA is Kajang address, tho there r pretty close to one another.

This post has been edited by honesty tan: Jul 22 2017, 01:11 PM

 

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