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Investment THE CLIO RESIDENCE @ IOI RESORT CITY [OT], Pamper you in a Resort serenity

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CMW123
post May 24 2014, 12:46 PM

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QUOTE(jepakazoid_82 @ May 24 2014, 12:41 PM)
How much is the rental rate there?
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Hardly find any listing even in iproperty, seems like the sub sale transactions are pretty inactive
CMW123
post May 24 2014, 02:53 PM

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QUOTE(CaptainCool @ May 24 2014, 01:33 PM)
I have to disagree with that.i was looking for 1 around 1 year ago,the price was around 530k for 1200 sqft if I not mistaken. That was for the oldest phase. Seems like the rental there is good that it can cover installments that's why no 1 willing to let go now,while waiting for further appreciation because of the mall.
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Nobody is selling not mean inactive sub sale meh....

At this price and being a decent family size unit, to fetch RM2xxx rental to cover installment is reasonable but did u notice that the whole place is very quiet n many vacant units even for the older phase...so it's good rental yield for units that were able to rent out but there are also many units that could not get tenants as unlikely there are so many owner are not bothered to rent out

Believed that the price should have gone up higher now in view of the mall opening especially this is a very low density project surrounded by a golf course
CMW123
post May 24 2014, 10:29 PM

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QUOTE(leelee1988 @ May 24 2014, 10:14 PM)
I own a unit there already rented out for 3 years.. so far dont have any problem looking for tenant..

1st year rented to lim kok weng middle east, rm 3300monthly
2nd kind of desperate rent it out to african rm2800 pay one year advance
3th indian expactrade working in cyberjaya rm 3000 monthly

Target here mainly expactrade, mostly from cyberjaya and uni student from limkokweng..if u desperate africant will be ur last resort....can rent out anytime..

In mine opinion main reason that many empty unit there is all owner all kaya kaya dato and datin. All waiting for the mall ready the sell off.. they dont intend to rent it out anyway or choosy on tenant I dont know..haha

2nd is the owners there dont like rent to student and middle eastern people.

3th the owners looking for rental like rm 5k or 6k. By saying how much money they put into the id and renovations. In reality how many people can affort that rental. If for investment purpose dont have to renovate untill so luxury..

For expactrade in cyberjaya thier company only give rm 3k for them for house rental anything above 3k rental be very hard to look for tenant.

Above just mine opinion,  I maybe can be wrong..chill...haha
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Thanks for the good info, rental looks attractive, how much furnishing u provide?


CMW123
post Jun 22 2014, 06:08 PM

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QUOTE(Stephanie_x @ Jun 22 2014, 05:17 PM)
any update on the launching date yet?  smile.gif
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Aug 2014
CMW123
post Aug 4 2014, 04:38 PM

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IOI City Mall should be the most promising mall to open in 2014

 

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