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Investment 28 BLVD @ PANDAN PERDANA [OWNERS' THREAD], The tallest in Pandan Ampang

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BEANCOUNTER
post May 6 2019, 04:30 PM

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QUOTE(AskarPerang @ May 6 2019, 05:58 AM)
Studio units consists of how many % from total 1920 units here?
60% or more if add in those dual key units with separated studio unit as well?

Seeing the rental market now flooding with studio units ads from here at the moment.
Other layout, 2 bedroom and above, I guess buyers who bought for own stay, so not that many ads. 

Market rate: RM1200 partial furnish. RM1500 full furnish.
Not bad rate considering launch price for studio was below 300k (cheapest from 270k).
Is an above 6% yield.
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Have you taken into acc the cost to fully furnished the unit and interest paid during construction???

So easy to make 6%?
BEANCOUNTER
post May 6 2019, 10:41 PM

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QUOTE(sochaiapk @ May 6 2019, 09:37 PM)
Same developer  who developed Marc, and by the same maincon who constructed Marc.
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Winning formulae

But at different time different place and different grade.
BEANCOUNTER
post May 8 2019, 09:03 PM

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QUOTE(AskarPerang @ May 8 2019, 05:00 PM)
Studio is 450 sqft.
Those dual key seperate studio unit not sure the size.

Will need 6 months not paying bank installment before bank will lelong the unit.
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I thought 3 mths already in danger...but take 6 mths to appear in lelong market.
BEANCOUNTER
post May 9 2019, 12:07 PM

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QUOTE(ROYAL91 @ May 9 2019, 03:35 AM)
SOHO for 2 blocks, residential another 2 blocks
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any particular differences btw soho and resi units there? in particular about unit itself, lobby, security and etc?
BEANCOUNTER
post May 9 2019, 10:11 PM

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QUOTE(keneeth111 @ May 9 2019, 09:53 PM)
with such huge supply in a single development, will the asking price stay??!

hopefully the asking price ll stay....

let's see........
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Lu funny lah

You ask question
You answer yrself...

Then what are we doing here?
BEANCOUNTER
post May 10 2019, 08:45 PM

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QUOTE(loveydovey_ @ May 10 2019, 03:34 PM)
Nothing much different I'd say. Same utility rate, share same facilities.
Only different is the size and layout lor.

Block A (studio), B (resi), C (resi) share grand lobby, Block D (studio) has own lobby
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After grand lobby blk A will have dedicated lift lobby cpmpared to b n c?
BEANCOUNTER
post Jun 6 2019, 10:56 PM

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QUOTE(Bjorn1688 @ Jun 4 2019, 02:44 PM)
RM25k just to get an extra RM400 each month over an empty unit?

I think I must belong to a different gen of landlords.

The only studio I own is Nadi Bangsar, bought 4 months before VP.

Loan repayment : RM2400
Market rental for empty unit : RM2000
Fully furnished rental : RM3000

Mine? Only purchased RM9k worth of mostly 2nd hand IKEA furniture and 2nd hand Electrosux appliances for the kitchen found on Mudah or expat groups on Facebook.

Renting for RM2800 to one American woman with a newborn baby.

Only the 3rd person that stayed there and now having a baby laugh.gif
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Why u always use loan repayment as benchmark?

Loan repayment is not yr cost of fund.

This post has been edited by BEANCOUNTER: Jun 6 2019, 10:57 PM
BEANCOUNTER
post Jun 7 2019, 08:39 AM

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QUOTE(Bjorn1688 @ Jun 7 2019, 02:12 AM)
How would you calculate the cost of funds then?
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Net Purchase price @ bank loan interest rate.

Dun forget whatever money you injected into tis property as cost of partial purchase also have cost attached to it
BEANCOUNTER
post Jun 7 2019, 09:37 PM

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QUOTE(Bjorn1688 @ Jun 7 2019, 03:56 PM)
OK, so how do you calculate the yields on say a unit here?

Following parameters :-

Price from Beverly : RM355,000
Price less rebates and cash back : RM283,000

Mortgage amount : RM254,000 @ 4.22% 30 years
MRTA : RM10895

Monthly : RM1298

All deposits taken out from a full flexi mortgage that is running at 4.35%

Rental : RM1100 or RM1500 if spend RM25000 on renovations.

Curious how you evaluate such investments.
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Cost of fund 283k @ 4.3% = 12169
Rent 1100 x 12 = 13200
Rental yield = (13200 - 12169) ÷ 12169 = 8%.

If you want a more prudent figure you can deduct the monthly maintenance from gross rent and mrta...

If you wanr ff yiu can divide yr cap injection of 25k by 24 mths and net of gross rent.


BEANCOUNTER
post Jun 8 2019, 11:11 AM

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here are many vairances…..

calculation is based on non wastage of rental months. in reality this is difficult to achieve.

maintenance fee - will take away all profit......its up to individual if you would classify maintenance fee as income generating cost or sunk cost.
BEANCOUNTER
post Jun 9 2019, 09:37 AM

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QUOTE(Bjorn1688 @ Jun 8 2019, 11:17 PM)
What rental yields before you consider it to be a good investment?
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As long as rental income can cover yr cost of fund, its consider good already.
BEANCOUNTER
post Jun 9 2019, 11:20 AM

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QUOTE(SKY 1809 @ Jun 9 2019, 10:06 AM)
So it is better to buy with cash ..? Zero cost of fund...
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If yiou dunno what is cost of fund pls google....
BEANCOUNTER
post Jul 9 2019, 11:11 PM

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Blk 4 is soho rite?
BEANCOUNTER
post Aug 1 2019, 09:26 PM

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QUOTE(rayken @ Aug 1 2019, 05:32 PM)
u can buy..but be prepared cannot sell in the future

cheras area le.....even the pangsapuri also got 600sqf.....seriously need to stay 450sf ? motel ah ?
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More suitable for hourly rent room or canon room.
BEANCOUNTER
post Aug 3 2019, 12:56 PM

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QUOTE(heavensea @ Aug 3 2019, 07:06 AM)
2xk for studio renovation.
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its wrong to use the term 'renovation'.

makeover guys doesn't do renovation, just upfitting nia,

20k is reasonable IF the package included fridge washing machine microwave and etc....

even owner wanted to do this themselves with very kiamsiap furnishing, I think they can do it with 10k with no fresh paint, fancy pendent lighting etc.....pretty much targeting at the lowest scale of the tenancy market nia.
BEANCOUNTER
post Aug 6 2019, 09:40 PM

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More generic than generic.....
BEANCOUNTER
post Aug 7 2019, 02:34 PM

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QUOTE(Hunakadoo @ Aug 6 2019, 10:56 PM)
nice one , can open challenge with makeoverguys already  rclxms.gif  rclxms.gif  rclxms.gif
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the only different btw makeover guys and the common (lazy) joe is just that makeover guys will splash some colors onto the wall(s) as their only standout part.
the rest of loose furnitures, lighting and white goods are exactly the same thing.

feel sad for the 'pride of ownership' of property in Malaysia. most people are just doing exactly the same thing, the same cheap and cheerful approach.
BEANCOUNTER
post Sep 9 2019, 09:36 PM

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QUOTE(kvinzzz @ Sep 9 2019, 04:34 PM)
Is 28 blvd good for homestay? I am looking for a unit in cheras area price around 2xxk. Just me alone staying.
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Just call up agent and make appointment to see it yoruself lah..

How do we know what is your preferences???

 

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