Oh. lol!!!

Thanks for sharing. interesting story.

My opinion.

I think if he is familiar with low cost. He should focus on that. Suggest you make sure he has done his home work. measue the risk and reduce the risk like smart on selecting tenant, having $$ incase of emergency and etc.

generally low cost is for passive income and it is recession prooft. Which I think it is a wise move with sky price of propertyin KV. low cost risk is lower as you spared to many different tenant/ propety and supply is limited vs compare with condo 500k like what we focus on.

I would said u won't win big and u won't lose either . Afterall. The supply of low cost will not increase. We are talking building mediun cost Pr1ma now. Not supply of low cost.

actually property agent is slowly sapu low cost for rental play.

Any agent here can confirm this? lets discuss it more.

This post has been edited by tikaram: Apr 5 2013, 11:37 AM

dey, calm down.one dun have to take any advice fr others if u or any those pessimistic like fake rooney n dr sivapoon dun like it. pls continue with ur poor life. pityful. at least tic tac the bulbear is smarter with 5bijis to flip.

This post has been edited by worgen: Apr 5 2013, 01:26 PM

dey fake rooney, life not that difficult to own properties and earn 5figure salary. work harder mang. rathr thn keep complaining cannot afford. waiting for it to drop fr the sky?

boss.

if you set your defalut option to ignore her.

U will get post below like mine.

"You have chosen to ignore worgen. View this post · Un-ignore worgen"



This post has been edited by tikaram: Apr 5 2013, 04:08 PM

tic tac, pls ignore me.

Thanks for sharing your view. My colleague did approach me to do what he did but frankly, I'm not interested at all. Everyone invest differently but low cost house is really not my appetite. I am only interested to know if he will be in trouble if nobody rent his low cost house. His loan is now at 70% of his nett income (including house installment and credit card installment). Since it's low cost, doesn't that mean anybody can afford to rent the house, so no difficulty in finding tenants? No risk? By the way, his nett income is approximately RM4.5k to RM5k.

yr fren is being entrepreneurial, nothing wrong, just that he dun get get entangled with illegal deals and all that complications with bum issues.

investing in low cost apts for rental is age old and fine if u can take it. not everyone can with all the troubles, u know wat they r.

the way things are going, we've more poor people, more poor illegals, more criminals... so, temp low rent game can only get bigger! question is - is that yr cup of tea?

This post has been edited by AVFAN: Apr 5 2013, 07:57 PM

Thanks for the reply.
Sorry but not sure what are the possibility from your "not everyone can with all the troubles". What are the potetial troubles?
Yes, I do agree we have more poor people, more poor illegals, so low rent game is bigger but there is also a possibility that these group of people unable to pay their rent on time right?

Well, the way prices are going up, soon the middle class will be renting low cost.
I say it with genuine bemusement.

broken toilets, damaged walls, no pay rent, big tnb bills, vanished tenant, etc... every landlord gets it, matter of big or small time problems...

Wow, that's bad.

anyone interested in balik pulau ghost town?

China's Ghost Cities and Malls
http://www.youtube.com/watch?v=rPILhiTJv7E

dr sivaspoon, pls start ur low cost house investment. u will be the lucky one to get tenant fr hell.

Don't worry, soon Sunway and SP Setia will come out with some fancy large project and make the place "In demand and will turn it into next Batu Ferringhi"

This post has been edited by all blacks: Apr 6 2013, 10:54 PM

Serious?

Since been living there for most of my life... I feel everything was going on smooth till 2008 where few huge developers from KL started to target Png.. So they introduced all this G&G concept with strata title which is quite unusual in Png.. Juz look at places like batu maung, Sungai ara, 5 years ago nt may ppl wanted to live there but now theres quite a number of new housing areas... The condo's back in Png was cheap, for those working in KL and wish to buy in hometown wouldn't be an issue at all but now almost all hitting 500K.. It's all caused by this new luxury fancy condo's which are introduced by this huge developers..

Ppl will come n tell that its nt bcoz of tat but Sg investors, but let me tell u that they have been investing in Png since long time ago and I wouldn't say they're the main ppl who caused the price to shoot up.. Png condo's are having mk situation right now and it might b worse bcoz ppl back in png dont have the same holding/earning power compared to those working in kl... n also the rental yield is extremely bad.. Most of the investors or expats target those condo's in batu ferringhi area but how bout those in town area, those near Jelutong, Green lane, Pantai Jerjak and Bayan Lepas area?

This post has been edited by all blacks: Apr 6 2013, 11:05 PM

Agreed, since 2008 things went unsual. I only know my japanese boss love to stay in batu ferringi, its normal to see they travel everyday. even most of the jam are jam to batu ferringi. But when I ask them about batu maung area onward, they show no interest at all...but still hey..so many property appear there.

After controlling the LRT, then launch property to profit from the potential boom


Prasarana plans to unveil RM1.1bil property development at LRT extension
Posted on | April 3, 2013
by THE STAR


KUALA LUMPUR: Syarikat Prasarana Negara Bhd, the state-owned public transport owner and operator, will announce two more mixed property development deals estimated to be worth RM1.1bil located along its light rail transit (LRT) extension project in Awan Besar and Puchong by the middle of this year.

Besides these two locations, there are 11 more parcels of land earmarked for property development along its future and existing LRT stations, envisaged to boost its non-fare segment revenue.

The 11 locations are in Jelatek, Kelana Jaya, Putra Heights, Pandan Jaya, Pandan Indah, Cempaka, Titiwangsa, Glenmarie, Kinrara, Bandar Puteri and Sentul.

According to group managing director Datuk Shahril Mokhtar, the mixed property development in Awan Besar and Puchong have indicative gross development values (GDVs) of RM600mil and RM500mil, respectively.

“We have 2.02 ha of land in Awan Besar and 2.83 ha in Puchong, quite adjacent to IOI Mall.

“These projects would be tied up with the development of park-and-ride facility for the stations there,” he told StarBiz.

Shahril said Prasarana had acquired these parcels of land mostly from companies and that it planned to give these companies the first right of refusal to jointly develop the projects.

“It’s only fair to give them the first right of refusal, and if that doesn’t work, then we could go by an invitation or open tender for others to come in,” he noted.

Shahril said Prasarana also planned to move its bus depot in Melawati to Batu Caves to give way to a mixed-development project which includes high-end condominium in the prime area.

“This would further unlock the value of our 2.83 hectares of land in Melawati, which is surrounded by residential properties fetching millions (of ringgit) each,” he said.

Nevertheless, Shahril stressed that Prasarana was not a property developer and that it would partner reputable developers to further unlock the value of its parcels of land to complement its rail operations as well as increase its non-fare revenue contribution.

“Residential development will give us a one-off sale contribution while the commercial space for lease will provide recurring non-fare revenue income.

“One average, we would get about 16% out of the GDV from the property sales and we plan to set up a joint-venture company to manage the commercial space leased, which is still under discussion,” he said.

At present, Shahril explained that non-fare businesses only made up 10% of its revenue while the remaining bulk was still commanded by fare-based income from its rail and bus operations.

“But we are striving to change this in five years’ time when some of our property projects are completed. We aim to increase the non-fare revenue to 30% by 2018 and ideally, we want to maintain the contribution of this segment at 40%,” he said.

Prasarana has already inked agreements with several developers for joint mixed-property developments along its LRT extension lines in Dang Wangi, Taman Tun Dr Ismail, Ara Damansara and Brickfields.

Another good news, according to Shahril, is that the Government had been kind enough to transfer the ownership of its previously acquired land to Prasarana for a period of 99 years.

“In the past, all these land and stations belonged to the Government and were on a lease basis to Prasarana for 60 years. Now, however, we only have to pay the premiums of the land to the Government,” he said.

On the update of its ongoing property projects, Shahril said the developments in Dang Wangi and Taman Tun Dr Ismail were awaiting development order approval, while the developer for Ara Damansara was in the midst of submitting its development order application.

For its latest project in Brickfields with a GDV of RM1.2bil, market talk was that Binapuri Holdings Bhd was one of the prime candidates to bag the job.

On the recent accident involving the death of a motorist in its Subang area development, Shahril said investigations were ongoing and that stern action would be taken against the company that had been awarded the contract to develop the site.