Apr 4 2017, 04:00 PM
QUOTE(Kytan73 @ Apr 4 2017, 01:42 PM)
Hi everyone! Im a newbie to investment n hope to get some advice frnm u guys.
Im a Malaccan who wishes to own my very first property for solely investment purpose.
Im vry interested in a luxury serviced apartment in the heart of the town. Good location with good amenities and surrounding area is booming. Price is RM350k for a 689sqf 1BD (RM509/sqf). Love the overall concept. Im planning to get rental income. However, Im in a dilemma as the property only left with 87 yrs by the time I get the key in 2018.
My questions:
1. Will it be a wise investment? Should I go ahead purchasing it or look out for other property?
2. Is it normal for developers to develop the land after 10yrs?
Would appreciate if you could shed some lights. Looking forward to your kind reply. Thanks.
the rental market rate there now is rm1,500 per mth? demand more than supply? if rental income sustainable... doesnt matter leasehold or not... someone already pay the loan and interest for you... haha.... sell it before the lease become less than 50 years should be ok... but your gain for sure lower than other freehold projects...Im a Malaccan who wishes to own my very first property for solely investment purpose.
Im vry interested in a luxury serviced apartment in the heart of the town. Good location with good amenities and surrounding area is booming. Price is RM350k for a 689sqf 1BD (RM509/sqf). Love the overall concept. Im planning to get rental income. However, Im in a dilemma as the property only left with 87 yrs by the time I get the key in 2018.
My questions:
1. Will it be a wise investment? Should I go ahead purchasing it or look out for other property?
2. Is it normal for developers to develop the land after 10yrs?
Would appreciate if you could shed some lights. Looking forward to your kind reply. Thanks.
but if someone already helped you pay the interest consistently with rental... its still okay to sell with minimal gain... better than nothing to began with....
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