Oct 5 2014, 08:46 PM
QUOTE(UFO-ET @ Oct 5 2014, 08:21 PM)
The cost to acquire a 1.2 mil property is quite substantial, total amount to 50K, not much earning (%) even you dispose it off at 1.4 mil after 2 years, dun forget 24 mths installments will cost you bout 100K interest, early settlement of 30K if any,
If dispose off at 1.5 mil after 2 years, after deducted 30% RPGT, yr nett is only 45K, which is equivalent to 3.75% (2 yrs) only, 1.9% return per year...
Do you still think this is a good investment?
+1If dispose off at 1.5 mil after 2 years, after deducted 30% RPGT, yr nett is only 45K, which is equivalent to 3.75% (2 yrs) only, 1.9% return per year...
Do you still think this is a good investment?
Nevertheless, the place pretty alrite for own stay considering the fair price vs Qaseh. Only negative point would be leasehold. Positive points are clubhouse, layout & design. Those with holding power should hang on to it cause future growth looks bright.
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