So many high rise development in Tropicana but no plan to upgrade access roads. Sigh

Now the tropicana area jammed up terribly, stay there also very stress now

Starting price would be 760k for the 2 bedders.

Is this project connected to the LRT 3 station?

I think 3k rental per month here would be no issue.

How much is the maintenance fee?

Maintenance fee is RM0.33psf inclusive sinking fund . Pretty standard nowadays

What makes you think so?

Why not

Locals dont have such pockets. I always put RM2500 rental max for local markets unless ur targeting foreign tenants.

Why u think can? Do share your view on the rental market

Just my 0.02.... Don shoot me

Which area are u referring to? 2.5k rental in which area?

I have a 1 bedder unit rented out to a local for 2.4k in KD, fully furnished of cuz but it's very basic furnished la.. The 2 bedders here are going for 2.8k semi furnished.

I don't see why Lumi won't be able to fetch 3k rental given a tropicana address and a price tag of 800k for a 2 bedder unit. With an upcoming LRT 3 some more. 3k per month only gives 4.5% rental.yield. My rough guess would be minimum 3k for the 2 bedder. It is not ridiculously priced imo

This post has been edited by mthc: Sep 9 2015, 11:55 PM

casa Tropicana can get RM 2500

http://www.propwall.com/classifieds/673510...by-nicole-chang

2.5k generally for areas with not much expat presence.

Asking price is one thing, how many units transacted is another. I just think that generally their budget is only around RM2.5k for the commoners.

Yes 4.5% yield is a realistic expectation but it also depends on whether there's such demand.

700 units in LUMI. 50% investors looking to rent out. There have to be 350 families looking to rent at RM3000 and above. If a family allocate 20% for rental, their income would be 15k.

For example, Grande. Owners are asking 4% yield based on current market price. But units are still vacant for a long time. If you deduct opportunity cost lost,maybe 2-3% only.

I'm just looking at a overall market. Could be wrong.

maybe im just not up to date with the market

Most of the units in Casa are 2 bedroom and are only asking Rm2200 only. Cheapest i've seen 1700

Can refer to iprop to cross check. You should know as well since ur staying there.

I do agree there are units also transacting at higher price but you have to consider the probability of that happening..

This post has been edited by jcvstlys: Sep 10 2015, 02:02 AM

Lol. U comparing Grande to Lumi. Do u know what's the absolute amount and diff per sq fr size from grande to lumi? Bigger units usually fetch lower per sq fr rental.

How do u know there will be 50% units to be rented out?

Wah, I would like to know which condo so good one? I think 2.5k fully furnished more like it lah. Dont talk about those ID design finishing.

Haha u comparing casa to lumi? U should consider taking newer developments.

I mean no offence to casa owners.

Anyway bro.. I will remember tagging u here as we can take tropicana avenue 2 bedder directly into comparison as it is the most updated apple to apple comparison to Lumi.

Do u agree? We will know the answer in months to come.

Cascades Residence

http://www.propwall.my/classifieds/6546361...t-by-daniel-gan

But pipu renting 3.1k more like it wor..

This post has been edited by mthc: Sep 10 2015, 08:31 AM

Rentability will be examined soon with Tropicana Avenue.. Casa is a mid end prop while this is supposed to be high end/lux prop..

Fully furnished sure lah. Got asking 2.8k also fully furnished. that is reasonable. Definitely not 2.8k semi-furnished. You exaggerated!

Lol.. I didn't la. I know some of some units