Mar 14 2013, 06:09 PM
QUOTE(Roja @ Mar 14 2013, 05:10 PM)
Actually I also tot expensive, then when research, actually look like good investment, especially the hotel suites:
1. Managed by URC, they manage Puli in Shanghai (http://www.thepuli.com/en/)
2. Give 6% per year for 5 years, then the balance five years projected at about 6.2% - 8%
3. This yield is net becoz they manage everything like hotel
4. So no need find tenant, look for maintenance guy etc, just collect rental, pay monthly!!!
5. If take 70% loan, rent can cover instalment
6. Hotel market also good (http://www.hotels-invest.com/quarterly-market-report.htm) and Mandarin Oriental experience 77.7% growth in capital value over 10
years…and this brand look nicer
7. Downside – you cannot stay in your own unit. You get seven days but any unit
8. Fully Furnished to hotel standard some more!
I actually pick up one unit and managed to get some early bird discount…10 years don’t do anything but collect +ve cashflow lor
The residence look good but frightened about cari tenant…this one BTK..buy to keep at least 10 years!
Are u sure u bought a unit or are u a sales agent? 1. Managed by URC, they manage Puli in Shanghai (http://www.thepuli.com/en/)
2. Give 6% per year for 5 years, then the balance five years projected at about 6.2% - 8%
3. This yield is net becoz they manage everything like hotel
4. So no need find tenant, look for maintenance guy etc, just collect rental, pay monthly!!!
5. If take 70% loan, rent can cover instalment
6. Hotel market also good (http://www.hotels-invest.com/quarterly-market-report.htm) and Mandarin Oriental experience 77.7% growth in capital value over 10
years…and this brand look nicer
7. Downside – you cannot stay in your own unit. You get seven days but any unit
8. Fully Furnished to hotel standard some more!
I actually pick up one unit and managed to get some early bird discount…10 years don’t do anything but collect +ve cashflow lor
The residence look good but frightened about cari tenant…this one BTK..buy to keep at least 10 years!
Anyway paying RM 1,985,550 for a 915 sf unit (RM 2,169 psf) is really high end pricing. Even with a GRR return of RM 9,927 per month for 5 years, it doesnt make it profitable for a investor who would need to pay RM 8,233 per month for a 90% loan at BLR-2.4% when u consider other costs which the owner would need to ebar as well.
Its clear that the developer is already considering future pricing into todays price and making the purchaser pay for it. Typical!
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