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Investment TWY DUPLEX CONDOS @ MONT'KIARA, Everything is Double. By Symphony Life.

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kenzoic
post Jan 22 2014, 12:39 AM

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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.
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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.
kenzoic
post Jan 22 2014, 12:04 PM

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QUOTE(boyslikeboys @ Jan 22 2014, 11:17 AM)
I really love TWY also it is smaller in size 821 sqf just about right with mont kiara address. Investment wise about 2.5k per month for interest repayment comes with 2 car parks. Why not?
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I personally like duplexes and TWY very very much. If I'm a impulse purchaser, sure buy d....even before their launches.
I thought only the 1300sqft unit got 2 carpark? All small units only 1 carpark?? Maybe I'm wrong.....I think I'm wrong. I'm about to buy it but when I rethink about my past experiences.....I don't want to have sleepless night again.
RM2.5k repayment a month?? Maybe so if you put in 30% downpayment la.
Lcsx, I do have good agents de. They are senior for Mt. Kiara cuz I know them for years. They also told me, to get good tenant is super hard. If can get tenant already lucky. So just shuddup and sign the tenancy agreement. Let me share a funny story that I have encountered. This Aussie family viewed my unit and request me to get a piano to be included with tenancy contract. A PIANO for the tenancy deal......If they want toy boy I can do la cuz her daughter not bad. Apa apa pun ada nowadays.
I have checked Gita Bayu@serdang, OUG, Tmn Seputeh, D'sara Height and bangsar area. Landed property in G&G area renting for only RM4500. So many Angmo, K-pop and Arigato there. Middle Eastern will only go for properties like Putramas or some mid range area to rent. They can't afford anything above RM3k. Indian are good and kind. Also, nothing above RM4k cuz they have budget. School teachers from International school are given budget below RM2800. Contract can be 2 years. Anything above RM2800 they have to top up themselves which is a no no to them. Too many units.....too many choices.....
If you are buying for own stay, go ahead!
Please don't mistaken me for against TWY. I really love the concept and the design. FANTABULOUS. You asked for bad comments ma, I give bad comments lor. My RM0.002 only.....kangkung oso cannot buy de.

kenzoic
post Jan 22 2014, 01:00 PM

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QUOTE(HELLO HELLO @ Jan 22 2014, 12:36 PM)
good good very good. i like it. that is how the economy still running good. keep it up and keep spending. life short. enjoy to the max. icon_rolleyes.gif
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Muahahaha....I like it too. Very true. Gen Y sure can goreng now, worry later. You can ask banker, how many bankruptcy from this gen. Also very true about impressing chick with MK address. Sure can get laid. Even Saifu Apek can also look sexy on top floor of TWY.
Johnoble : My units all along Jalan Kiara 1. I oso can rent out. But take time lor. Not that easy lor. Cuz some readers here no experience ma, think buy MK sure can rent out and rent can cover all ma.
My experiences, when buying a property, sure think all good good and forgot all the downside consequences. My messages here is to remind our fellow readers to think hard, study your own pocket, understand the market, don't take hasty decision. This is not buying kangkung. If cannot afford to pay mortgages in future, suffer is yourself only.
Basic ECO 101, supply over demand. Who think MK now is demand more than supply. Raise ur hand.


 

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