I have 2 units of 2 bedders and 1 studio.
Rentals are 3600 and 3700 for the 2 bedders and 2800 for the studio.
So far, zero down time since I first got my first tenants. Usually can get new tenants before the old one moves out.
Not hard to rent out with the right decor and agent.

Good job. Means that right now on mudah the 1700 asking for the studio is super cheap, will be gone in 60 seconds. Also can see 1800, 1900, 2000 (full furnished).

This post has been edited by hspace: Oct 3 2020, 09:48 AM

Thats good to hear from actual owners, not from fake lowball ads from agents

Why would so many agents "fake lowball"? How about the reverse, ie owners fake highball too. Could be either way. Everyone just do your own due diligence.

Cause low prices attract attention and inquiries. Same way developers attract customers from displaying their "from RM.." prices but how many would get at that price? And that's for low floor undesirable units.

"High" price ads are just a waste of time and will be swiftly ignored no matter how truthful the agent is

I've never heard of an actual unit being rented for rm2000 or below for fully furnished.

I know of 1 in Arnica renting 1.8K unfurnished. And a friend's fully furnished at Arnica also empty since April. Asking 1.9K. You can try calling those ads on mudah.

This post has been edited by hspace: Oct 4 2020, 12:50 PM

dunno not mean not happened....is not surprise at all with current pandemic situation...

+1

i guess you are right. but im the admin for the owners chatgroups and somewhat aware of whats going on. ofcourse, i do not know the whereabouts of those who are not in the chat group la.
and for my 3 units.

2 bedroom, contract commenced 1st august 2020, previous tenant stayed 3 yrs.
2 bedroom , contract commenced 1st july 2019 , previous tenant stayed 2 yrs.
studio, contract commenced 6th june 2020.

......... if thats the case, i guess i could have asked for more if it werent for the pandemic.

unfurnished studio unit is about 1600-1800, so i guess the one u know of is getting a pretty sweet deal. and if your friends unit is only asking for 1900,
possibilities are, hes not using a good agent, unaware of the market or the unit is not nice. and also likely not in the owners chat group. so left out of most of the deals, as many agents just go through members within the chat group to looks for units.

Any units left selling below 500k?
Can PM me too

The mall connecting is super spacious, with village grocer and MBO. Kinda like a lifestyle living condo, hope to own a unit there. Finger cross for my loan approval.

New launch or subsale?

How long the contract? 6 month?

2 bedroom - first tenant 2 yrs, second tenant 2 yrs
2 bedroom - first tenant 3 yrs, second tenant 2 yrs
studio 3 yrs

https://pictr.com/images/2020/10/08/7nEg4U.md.jpg

The land is only this small piece to cater for 52 levels ( parking floor not included in yet ). 12 units each floor, which means 624 units.

ROI for rent is hardly get back 3%, I will prefer to put in fixed deposit ( secure with no additional work or time invested in) even though is lower%
ROI for capital gain - Don't ever think of it. Browsing iproperty daily, most of the property with negative capital gain now.
Own-stay - I wouldn't come to this crowded flooded with 12k units along the road. You may take n years to sell your unit to lower the price to compete for only 1 buyer
Shopping mall - everywhere is mall now. Giving a nearby mall to walk for the next 20 years, you will find it boring.
MRT - do you really use it?

Do think twice all the home buyer, list down all the numbers to figure out before committed one yourself.

Good insights. Didn't know the land is that small. Somemore the soho are not allowed to access the facilities, which making it less attractive over long run.

Contacted the sales agent regarding tropicana eldeweiss
Quoted "about RM600k for 556sf" unit
Sounds like "you either buy it or leave it" attitude..
Perhaps the sales really that booming until no need layan potential customers

Any existing Tropicana buyers here? What are your thoughts on Tropicana’s workmanship and defects fixing (responsiveness, etc.)?