QUOTE(propertybbb @ Sep 24 2013, 11:22 PM)
Wats wrong with Bangi?Savanna Executive Suites, Freehold by Mahsing
Savanna Executive Suites, Freehold by Mahsing
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Sep 24 2013, 11:29 PM
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10,001 posts Joined: May 2013 |
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Sep 24 2013, 11:36 PM
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2,296 posts Joined: Jan 2008 From: From My Mummy Stomach |
QUOTE(ceveori @ Sep 24 2013, 11:31 PM) RM315k before added the estimated 5% interest, I wish there is a 956sqt for RM318k (-5%) with 2 car park and near to KL. Maybe you can recommend...Loan 90%, For 30 year, BLR 4.2%, Installment RM1,398/ month Maintenance + Sinking let say RM200/ month = Total RM1.6k/ month Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition. Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price. But I do agree, for investment it may take a while for the new township to mature .. Holding power must for minimum 5 years .. that why this prop is for my weekend house.. This post has been edited by MoonRider: Sep 24 2013, 11:40 PM |
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Sep 24 2013, 11:40 PM
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52 posts Joined: Jul 2013 |
QUOTE(MoonRider @ Sep 24 2013, 11:36 PM) I wish there is a 956sqt for RM318k (-5%) with 2 car park and near to KL. Maybe you can recommend... anything near to kl built by so called 'reputable developer' is asking 650psf..Buying tis prop is mainly due to new township and look for capital appreciation.. Rental wise dun hope too much |
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Sep 24 2013, 11:41 PM
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10,001 posts Joined: May 2013 |
QUOTE(ceveori @ Sep 24 2013, 11:31 PM) RM315k before added the estimated 5% interest, Good analysisLoan 90%, For 30 year, BLR 4.2%, Installment RM1,398/ month Maintenance + Sinking let say RM200/ month = Total RM1.6k/ month Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition. Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price. |
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Sep 25 2013, 12:36 AM
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2,663 posts Joined: Feb 2013 |
QUOTE(zambrano @ Sep 25 2013, 12:40 AM) anything near to kl built by so called 'reputable developer' is asking 650psf.. Har? Buy condo n dont care muc abt rental? Landed i can understand. Condo le. It make no sense to inv in condo if potential rental cant even match installment..not to say there r maintenance fee to pay.Buying tis prop is mainly due to new township and look for capital appreciation.. Rental wise dun hope too much This post has been edited by propertybbb: Sep 25 2013, 12:38 AM |
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Sep 25 2013, 12:36 AM
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883 posts Joined: May 2007 |
QUOTE(ceveori @ Sep 24 2013, 11:31 PM) RM315k before added the estimated 5% interest, These are the people cannot buy a property in life, because they do not identify a good value property. Loan 90%, For 30 year, BLR 4.2%, Installment RM1,398/ month Maintenance + Sinking let say RM200/ month = Total RM1.6k/ month Definitely -ve Cashflow, will be lucky to rent out RM800/ month even without the fierce competition. Nonono unless buy for own stay but again, better buy subsales nearer to KL for this price. and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power. FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara. QUOTE(zambrano @ Sep 24 2013, 11:40 PM) anything near to kl built by so called 'reputable developer' is asking 650psf.. FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining.Buying tis prop is mainly due to new township and look for capital appreciation.. Rental wise dun hope too much it has to hold for while, if there's MRT line 3 linked in Bangi even better. MRT 2 sort of confirmed, from Sg. Buloh to Selayang. |
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Sep 25 2013, 12:40 AM
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2,663 posts Joined: Feb 2013 |
Mrt to bangi? 2030 mayb..extend from kajang to bangi.
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Sep 25 2013, 12:42 AM
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883 posts Joined: May 2007 |
QUOTE(propertybbb @ Sep 25 2013, 12:36 AM) Nah, don't listen to wrong info,FYI, rental demands will be there, although it's near to Bangi, but some Bangi properties are not cheap at all. I've done some study about rental in cyberjaya, for similar sizes are going for about RM2k per month with semi-furnished, and I tested, from site to cyber is just less than 20 mins away! Not counting about cost of living after 3-4 years, I foreseen easy rental can fetch to RM 1.5k at least for now. |
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Sep 25 2013, 12:42 AM
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472 posts Joined: Dec 2007 |
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Sep 25 2013, 12:44 AM
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883 posts Joined: May 2007 |
QUOTE(propertybbb @ Sep 25 2013, 12:40 AM) Well, never say never, Bangi is a big town for malay and government like malays.at least now extented from sg buloh to selayang. For Kajang to Bangi/Cyber is just matter of time. This post has been edited by tongyk: Sep 25 2013, 12:44 AM |
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Sep 25 2013, 12:46 AM
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52 posts Joined: Jul 2013 |
QUOTE(tongyk @ Sep 25 2013, 12:36 AM) These are the people cannot buy a property in life, because they do not identify a good value property. Agree, the value of tis prop cn only fully appreciated when the whole township completed. and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power. FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara. FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining. it has to hold for while, if there's MRT line 3 linked in Bangi even better. MRT 2 sort of confirmed, from Sg. Buloh to Selayang. Of course holding power needed as tremendous competition upon VP Location no doubt nt good. But isnt that a successful township cn bring up the value of prop? And tis is the 1st project of whole township, if still nonono then the subsequent development still whackable? |
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Sep 25 2013, 12:55 AM
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52 posts Joined: Jul 2013 |
QUOTE(tongyk @ Sep 25 2013, 12:42 AM) Nah, don't listen to wrong info, 1.2k is more realistic, tremendous competition need to be consideredFYI, rental demands will be there, although it's near to Bangi, but some Bangi properties are not cheap at all. I've done some study about rental in cyberjaya, for similar sizes are going for about RM2k per month with semi-furnished, and I tested, from site to cyber is just less than 20 mins away! Not counting about cost of living after 3-4 years, I foreseen easy rental can fetch to RM 1.5k at least for now. |
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Sep 25 2013, 01:14 AM
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883 posts Joined: May 2007 |
People are more emphasize of quality of life for now, and that's why DPC/Setia Alam has shoot up to sky now. Those products are nothing special, community makes the game.
Not to compete but to attract tenants from who cannot afford cyber/putra, 3 yrs down the road, rental there should be higher. Well~ to be frank I'm in real estate biz, 1.5k prop are just renting like vege, and yet 4k prop rental is still consider easy for me=D |
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Sep 25 2013, 02:02 AM
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2,294 posts Joined: Sep 2009 |
I don't understand. Rental here at 1.6k, many are worried and sound like mission impossible but new launches in kl min 2.5k studio 3k above for 2 rooms not impossible?
Note, I'm not vested in this. |
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Sep 25 2013, 02:11 AM
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2,294 posts Joined: Sep 2009 |
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Sep 25 2013, 05:30 AM
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22 posts Joined: Mar 2013 |
personally, i have summarised the key risk factors ;--->
1. successful township (i have less worry on mah sing since their reputable... but this risk is more on the success of local businesses and community) 2. very high density (if turn out this area to be very "happening" place then ok lar... demand will go up despite huge supply) 3. competition from nearby projects within bangi area (similar completion time)... like decentrum, evo soho etc. 4. rental gain... well, if no. 1 risk can be waived then this one should be ok... having said all the above, price level is still very tempting to many potential buyers like me |
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Sep 25 2013, 08:48 AM
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur |
QUOTE(tongyk @ Sep 25 2013, 12:36 AM) These are the people cannot buy a property in life, because they do not identify a good value property. Agree, these people know nuts in Property Investment and return. Everything expect positive cash flow without considering the potential appreciation and return. Same things happened to Setia Alam, in 2006, a lot naive says SA is nonono, now look at it now. Well, more short sighted buyers, less competition in market.and these are the people who apply hope strategy, they wait bubble to come, when there's no bubble, too late that the properties are already exceeded their buying power. FYI, nowadays new prop going for 500psf at least, Cheras only u know? Not talking about PJ or Damansara. FYI, there're still similar prop in KL about 300psf. However, those are old condos and most likely are leasehold with 70 yrs remaining. it has to hold for while, if there's MRT line 3 linked in Bangi even better. MRT 2 sort of confirmed, from Sg. Buloh to Selayang. |
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Sep 25 2013, 10:55 AM
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883 posts Joined: May 2007 |
Guys, for your infor Equine Park already fetching RM1.2k for old apartment now (not sure about the name, but it's behing the new trinity service apartment Zeva Suite.
Actually there's no benchmark to make for this project, it's a township wherease others in Bangi are just condo/soho. Just 1 more toll down the road, Bangi lang might move there instead of Malays land in Bangi. when it has fully developed, it will be diff type of story. it has about 420 Acres, same size as desa parkcity. If they turn out like Africa village then I've nothing to say la!! This will be Mahsing maiden township development, I believe it will turn out good. Holding power is the key, hence it's freehold, why not to hold? Note I'm not vested either, since I can afford more, I decided to vest in nearer location to my work for days to come. Maybe Pantai Sentral Park, but of course must see the pricing 1st:) |
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Sep 25 2013, 11:05 AM
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253 posts Joined: Feb 2009 |
http://www.iproperty.com.my/developments/2...utive_Suite/#m1
read through about Savanna details and review. everything seems good, especially the price point. the only downsize is the location. staying in Bangi and work in KL is like long long way for me. This post has been edited by tehcc: Sep 25 2013, 11:05 AM |
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Sep 25 2013, 11:49 AM
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4,470 posts Joined: Sep 2007 From: Kuala Lumpur |
QUOTE(propertybbb @ Sep 25 2013, 12:40 AM) QUOTE(Actchan @ Sep 25 2013, 12:42 AM) QUOTE(tongyk @ Sep 25 2013, 12:44 AM) Well, never say never, Bangi is a big town for malay and government like malays. no planning for MRT line 1 2 or 3 for bangi.... line 2 from sungai buloh > serdang > putrajaya, line 3 is circle line within kl city areaat least now extented from sg buloh to selayang. For Kajang to Bangi/Cyber is just matter of time. |
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