Yeah, but the owner bought that unit RM160K plus in cash and was renting it out for about 1.9K a month....

Holy shit rm1900 for rm160k? Damnnnnn

Why do you think I want to buy there?

Nothing beats SS16 subang jaya for rental yield man....

And this is before the LRT, SJCC and Kencana is up somemore...

now thats what i call investment. if invest for the sake of 4% yield. better not invest in property... invest other place

This post has been edited by kurtkob78: Apr 2 2013, 02:17 PM

You may be right...the rental yield does not match with appreciation....

The best I could do is 5.6%...

Yes, you are right. Because the existing offer and the renting are consider low for those owner. So, they rather let it go without renting it. In fact, there are more than 6 places I notice with that condition, from landed to super condo to apartment. I been travel across Penang and notice this kind of is kind of senario occur everywhere. If got time, I will go sungai ara areas again. As far as my last visit was the place was about 70% empty without tenant etc.

Why is this trend so prevalent nowadays?

good news.

More affordable house soon!



Private developers ask for equality
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia

Apr 2, 2013 - PropertyGuru.com.my
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By Farah Wahida:

The Real Estate and Housing Developers' Association Malaysia (Rehda) urges the government to create a level playing field for private developers by allowing the same exemptions given to those in the 1Malaysia People's Housing Programme (PR1MA) scheme.

While private developers support the PR1MA and the government's affordable homebuilding efforts, it is almost impossible for them “to deliver affordable houses in urban areas for between RM150,000 and RM400,000 due to the rising land prices, compliance costs, building material and labour costs and interest costs paid on financing idle land when awaiting development approval,” said Rehda President Datuk Seri Michael Yam.

As such, developers are asking for the same exemptions, waivers and/or facilitation grant to help them deliver more competitive products. This will also help them meet the demand for one million more houses in Greater KL over the next seven years, reported Business Times.

Meanwhile, PR1MA Chief Executive Officer Datuk Abdul Mutalib Alias, said the 80,000-unit target will be met through a public-private partnership.

This collaboration will see private developers build the 30,000 units while PR1MA will develop the remaining 50,000 homes on land sourced out from the Federal or state governments.

“When PR1MA Corporation is able to get government land at nominal to 'zero' cost and exempted from a whole raft of conditions normally imposed on private developers, such as the requirement to build low-cost housing, allocation for Bumiputera units at a particular discount, provision of infrastructure and amenities and possible waiver or reduction in capital contribution to utility companies, it has major cost savings that enable PR1MA to supply units at lower than market price,” noted Yam.

“This would render market pricing and products of private developers uncompetitive.”


Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my

In setapak.

saw this in newspaper

affordable housing.

More supply flooding highrise market.





This post has been edited by tikaram: Apr 2 2013, 03:31 PM


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Greed for easy money. Even they can't rent it, they still can hold it for price appreciation. But still they have to try their luck until they get one. As far as I know, majority local won't be able to afford it (especially for secondary market). Primary market we still have DIBS.

thanks for the sharing. But I remember there is someone indicate that 80k affordable house won't affect private developer at all. Now looks like the situation change. Interesting.

more supply for highrise now.

500k above property. location so so one will die first.

PR1MA cannot sell in 10 years right... why private developer worry so much...

I think the developer worry that investor may reconsider about it, because the subsale will be affected...and after 10 year...boom more property available in market. So, in terms of investing. Clever investor would avoid that at all cost. Then the cycle starts again, developer can't find investor to bulky buy their property.

Taikor, so lets go back to basic " Location, location, location..."

Well, let's see whether the gomen will actually go through with the PRIMA houses before we comment, shall we?

Afterall, this is an election year and all sides will promise the sky and the moon to win...

Can the units be rented out?

hey tic tac, dont give false hope la to ppl. u so easy bite the election bait meh? ah ney, now election time ley. u ll get news you wish to hear. but thn hor i dun buy it ley knowing how the gomen work. br1m money for ur vote. janji ditepati, nah! lol. clap clap. more good news coming!! are u happy?

This post has been edited by worgen: Apr 2 2013, 04:34 PM

Can the units be rented out?

---------------------------

PR1MA homes must be owner occupied.

'PR1MA Can Take Back Houses if Owners Don't Abide by Regulations'

sos: http://www.pr1ma.my/news-pr1ma-can-take.html