stock market koyak, got impact property industry or not ha?

cronies sell KLSE and bought overseas property? No longer buying KL properties. They can smell malaysia not good now?

http://www.themalaysianinsider.com/malaysi...-up-us-property

wow, i tot malaysia's property is one of the cheapest around?

Bolehland props r not the cheapest but u can say its expensive cos its not.

Some fr ddd camp start buying now. Even the most pessimistic fela also buying non stop. You know who the famous one. Does this thread still need more debate?

guys, I need advice here:

I'm a first time property buyer. Recently I saw an apartment unit at Pelangi Damansara, the unit is vacant and rented out, and tenancy contract will end next year Dec. The owner is selling at RM325K and the current rental is RM1400 per month.

I have searched around, the units of this apartment are selling at RM280K +, not more than RM300K.

My questions:
1. Given the MRT is under construction, is it worth buying this unit for investment?

2. Should I get an inspector to investigate the value of this unit?

no need inspector, just ask bank for the indicative value. the bank may not loan you to the asking price

Rental yield of about 5%. Not bad in this market

Is it FH or LH ?
Are you cashflow positive ?

woah RM1400 thats a lot. I don't think you need a inspector...with this kind of price bank loan is easier to get.

good rental, my friend is renting out RM800 only. perhaps is time to revise the price.

Cheapest relative to? income?

In London E14, a 2 bedroom apartment could range from GBP120K to over GBP900k. Is the cheapest GBP120k apartment under value, very cheap to buy?

How many existing and new apartments are near to MRT station?

Yes, I will do that tomorrow.

leasehold. In Mutiara Damansara, majority of the properties are Lease Hold, which including the newly built SOHO - Empire Damansara.

If you are renting out bare unit, your rental price will be lower. Mine is a partly furnished unit, including furniture and built-in cabinets.

Anyway, after I have calculated, I need to repay RM1700 monthly housing loan, which means I don't earn any instead.

Am i calculating the right way?

I see...

Can you be specify in your question?

This post has been edited by debbieyss: Jun 16 2013, 10:53 PM

it's true, but it seems that such people majority comes from those in up up up camp ?

in fact, their sentences always give me the idea that they are here to waste their time while taking the opportunity to brag for the fun of it. probably out of job. and more importantly like one of the guys said, successful people wont even brag about their success, but the guys here brags everything.....most likely, it is hard to even believe that they own any property. but i have to admit, they are good at issuing scarcastic statements...and pushing down people. i have to admit those people like tikaram or rooney, their words does makes sense more...

Nice drawings~~
it is by fundamental very hard for a salesman to tell u that the property market has problems~~
1 week before the recent financial crisis in US happened~~the authority + the housing association (forget the full name, but it WAS a national level 1) and the sales agent is saying the market is fine and will at most suffer a minor hiccup~~turnout it is a full power tsunami that sinks the whole US market..

My point is....the sales guy will say whatever that is in favour to them~~but as a buyer, plz process the info yourself~~

This post has been edited by terryble: Jun 17 2013, 12:22 AM

My one is a low cost one, orange color building.

oh....RM1700...yeah then you aren't earning anything. How long will be your loan and how old are the property?

low cost how can sell for 300k because its too much ... low cost people with household income of less than 5k only can buy. later want to sell also problem cause only can sell to low income people

This post has been edited by kurtkob78: Jun 17 2013, 08:02 AM

sounds like a good buy.

Could you lengthen your loan tenure to make it at least cashflow breakeven ? Or reduce the LTV ?

5% doesn't sound bad to me if it is cashflow breakeven at least. In a few years time, you can make it cashflow positive by either increasing the rent, or repaying some of your loan amount.

Rough Calculation :

Loan RM300k, 30 years, interest 4.4% monthly installment = about RM1.5k
Increase to 35 years, monthly installment = about RM1.4k

Is the rental of RM1400 the market rate there ? Doesn't sound like a low cost apartment rental rate to me