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.

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

Pelangi Damansara is a mixed development with low cost and mid cost apartment, did you mix up the 2? 

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

Who will pay rent on vacant low cost apartment? Could the tenant is phony? The seller forego 10 months (RM8,000) rent for extra RM45,000.

Cant deny 90% LTV on sub sales prop (even with 30 loan tenure) are hard to have positive cash flow these days.....
@debbieyss, u may hav to look into the bank valuation of the prop. Lower valuation means u hav to cash top up the difference....

For me, investment property I will try to get loan tenure as long as possible to reduce the monthly cash outflow. As long as I have tenant, I don't really mind sharing some of the rental income with bank. It is the tenant who pay my bank loan anyway 

I think the orange one is middle cost. The apartment fronting LDP is flora damansara which looks like low cost. I am not that familiar with the place though so didn't know the price went up so high 

Like Appreciative Man said, try to get the bank to value as per selling price, so you don't need to fork out more initial capital.

The last thing to check would be the monthly management fees, bi-yearly assessment and quit rent. Total up it may be RM100+ per month (assuming no swimming pool, gym etc which the management fees is cheaper)

Are you sure on the price?

You did not state the size. I see at asking at iproperty for 1000sqft up is above 400k. The 280k-300k ones are the smaller ones 700-800sqft.

For investment purposes, always lengthen your loan tenure. This reduces your monthly burden and improves your credit rating for future purchases. But if u have to lengthen the period just to afford the property then the property isnt for you. Same with car loans. Another thing to note is to always get loans without lock in period. This will allow u to flip or refinance.

since you can get other asking price of RM280k, why not you go for them instead of this unit 325k?

Dude, any supporting fact? I don't believe 90% of Malaysian not owning minimum a house.

Hmmm. I see many people take lrt. When i just started working, even my boss took lrt. He made a lot of money. Parked his bmw at lrt station and took lrt coz it was easy for him to commute rather than being stucked in a jam. Different people different preference i guess.

Of course, dear. His destination was klcc. Anyway many people work all over the place. What one should do now is to study the mrt stops and buy where u think is suitable. Try checking circle line for instance. The stations are on interesting places.

i always take mrt when i m in Shanghai. (much faster than taxi if the destination is near mrt), u can reach anywhere with mrt. all prop nearby mrt are much more expensive.

www.exploreshanghai.com/ditie/#
p/s: u can calculate travel time n fare from above, just drag from one point to another.

i think kl will be the same.

I have no time to comment on Rooney's statement about the mrt and lrt week ago, I'm totally disagree as nowadays many different income group are willing to take lrt to work or shopping, and it's true that our lrt have limitation to benefit the public but those living nearby lrt station will definitely enjoy it, I agreed that Malaysian are used to drive but we can also take lrt when necessary as an option, from business point of view, public transport company won't expect the profit margin from you as full time customer, same as paparich won't expect u 365 days have lunch & dinner with them.

I don't take lrt to work but I used to take lrt to visit my dentist at UOA bangsar, shopping at pavilion, PWTC etc. nowadays many people willing to park their car at lrt station and take lrt to office just bcos to avoid traffic jam, don't tell me that people living 200-300 meter away from the station don't enjoy it, Vincent Tan was trying hard to get the monorail station just in front of time square, the cronies have bought the BB plaza building also bcos the mrt station infront of it.

Maybe the mrt might take to long to prove it, but you can survey from the existing lrt, or maybe the 2 line extension to putra height can prove it since it will materialize not too long from now.

like i said previously.
My strategy currently is to keep rental as low as possible and keep cash as high as I can. When the property bursts i might need the cash for high deposit payment as when the time comes, definitely it's goin to be hard to take a loan to buy those cheap properties

Hello dear. I just got back from see see look look on subsales in kl. What do u know i found one sub rm300k with 3 bedrooms. Affordable houses are ALWAYS available. Just need some searching.

hope can be illusional... so, best u get real and check the market on the ground.

this thread, if you complain somemore, they'll tell u to get off yr lazy butt and work harder, incl weekends, part-time whatever.
i doubt prices are falling yet, but i f u do enuf homework and negotiate hard, good chance u find wat u want/can afford.

while there are long noses asking high price, there are also realistic nervous motivated sellers - just u sniff them out, which one is which.