QUOTE(12Digit @ Jan 20 2014, 11:45 AM)
yeah, impress by the design and concept. Any bad comment about this project? Hope that can hear some bad comment instead of good comment.
Ok, let me share some bad comments here. I have couple of units around MK. 1500sqft+ and 1300sqft+.Both units took me a year to lease it out. I have to beg the agents to bring ppl to visit my units. I've spent substantial amount of time and money on renovation so that the viewing can attract tenants. At the end, I have to lower my rental to the extend I have to top up for monthly mortgage + management fees. Only managed to get 1 yr contract. Luckily I sold one unit out last year. Another unit still vacant for new tenant. I'm only asking for RM3k and my unit is only 4 years old. Still very quiet. Note, MK28 is a lux unit. Super nice. Check out how many units available for leasing.
There are too many units available around MK for leasing. If you think of buying for own stay, I think should be a good buy. But if you think of investment, sure can get tenant, u dream on la. Or if you think can buy and flip, the RGBT, agent commission, bank fees la, lawyer fees la, at the end u only get peanut. Think, if you have sufficient cash flow to keep the unit for at least 12 months after unit complete, you can give it a try. For a RM800k unit, u only need to put down RM50k or so cash up front(I don't have exact number). Project to be complete in 2018. U kira la, worth to take out this 50k upfront for 4 yrs? That if you can sell once completed.
Expected mortgage for a 800sqft at TWY is around RM4k/mth. Plus maintainance, make it RM4.5k a month.
There are so many bigger units around MK leasing for RM3~4k/mth. This project got 400 ++ units. If 50% are investors! there will be at least 200 units available to the market once VP. All got high hope to sell, sure can sell at RM1mill. Ask yourself, with current malaysia economy and available disposable income, and also soooooo many new launches, do you still have strong confidence that you can sell at RM1mill? Gaji takde naik. Char kueh teow already RM7 a dish. You think that many expat will come to Malaysia? That many will stay in MK alone? I have met so many....damn cheapo. Can't blame them, they are spoilt with available choices.
Have u try getting in and out from Jln kiara 1 during school day? Try that one day. Remember to bring ur ipad. Make sure u have enuf movies and game to kill boredom. That place jam like f*ck.
This is my RM0.002 only la. Inflation ma. Two cent don't have jor.
Jan 22 2014, 12:39 AM

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