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Investment High-End Condos near KLCC, (Investment)

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savants
post Apr 21 2013, 10:49 AM

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QUOTE(HeartRock_Cafe @ Apr 20 2013, 10:41 PM)
Thanks for the advice, worry studio hard to let go in the future because those with family sure won't buy from me  blush.gif

Any specific reason they like May Tower? Will do more homework on this prop  notworthy.gif
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Maybe other family wont buy but the price is affordable ,one can own a studio n rent it out with lower risk.
Bigger unit usually harder to sell out coz of the price.
I like Marc Service Residence , 500 sqf unit (1300psf) = RM650000, one can still buy a unit located in central KL. Rental will get you around RM2800-RM3300 depends on your deco n tenant.
savants
post Apr 21 2013, 12:06 PM

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QUOTE(lucerne @ Apr 21 2013, 11:33 AM)
i think klcc still got potential to rise if buy below 1000psf regardless of size. jsut compare the new launch outside KL..

but u need deep pocket to leave it empty for few years. same to the new launch outside KL.. but i think Klcc better potential..
if klcc empty other areas will be worst of..
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U dont need a deep pocket to get a good unit in KLCC & under RM 1 million, i think any region within 1000-1500 is good enough... i dont see why KLCC area wont go RM5000-RM7000 psf in next 10 years, its just matter of time. Property investment is all about long term investment.
Imagine if you invested in a unit cost you RM1mil and you sold it off RM2mil after 5-10 years, that would be a very good profit.
How many people make RM1 mil in their whole life. drool.gif
Greater KL is still among the cheapest capital city in ASEAN, sooner or later it will definitely reach the RM5000psf mark.
Anyway, the highest price paid psf is over RM7000 if not mistaken. Rich people r not stupid, thats why they r rich, they will see thing further.
Good luck in your investment.

This post has been edited by savants: Apr 21 2013, 12:08 PM
savants
post Apr 21 2013, 02:53 PM

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QUOTE(lucerne @ Apr 21 2013, 12:55 PM)
i mean u need good holding power as it is not easy to get tenant(quality) this few years.
yes the potential cap appreciates are great but how long can u hold??
if u hv lot of cash or income then it is ok to invest.
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Thats why dont get those big unit like 1500 sqf unit, just get a studio 500-600 sqf and u will get rental 2500-3000 easily.
when u get you rent out your unit then holding power is not an big issue...
There r not many landed in KLCC area for normal ppl like us... thumbup.gif
savants
post Apr 21 2013, 02:55 PM

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QUOTE(AMINT @ Apr 21 2013, 12:10 PM)
One question = when would this be? I reckon it will be around 3-5 years after the Greater KL initiatives are completed
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I guess time will tell... but im sure it will... just like 10 years ago... and 10 years fr now... and you can base on facts too
savants
post May 2 2013, 11:11 PM

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New project coming , 3 Towers , Ampang.
Fr 850psf ,400sqf studio, FH.
Anyone got any idea?
savants
post May 2 2013, 11:13 PM

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QUOTE(Chris Chew @ May 2 2013, 01:52 AM)
IMO, rental is one of the major concern to invest into KLCC's area, where, the occupancy is a bit low side, and out of this low occupancy rates, majority are tenants or expats buying it as their holiday homes.

The low yield also could impact on the number of competition facing from the streets of condo as well as not easy to fold the unit for next game.

Rental is definitely one of the biggest issue where we do not have too many expats demand and the yield is only decent while the appreciation is looming in uncertainty.
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Bro Chris is correct... rental is not covering loan installment & project with high density unit will face problem renting out and other competitors.
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