Southbank Residence by UOA @ Old Klang Road, Freehold 2/3 Bedrooms Serviced Apartment
|
|
 Feb 3 2015, 02:08 PM
Return to original view | Post
#1
|
 
Junior Member
370 posts Joined: Oct 2006 From: Kuala Lumpur  
|
New owner of southbank residence here as well. Appreciate any sharing of news here
|
Quote|
|
|
|
|
Oct 1 2015, 07:37 PM
Return to original view | Post
#2
|
|
Junior Member
370 posts Joined: Oct 2006 From: Kuala Lumpur
|
QUOTE(raptar_eric @ Oct 1 2015, 07:07 PM) huh already can purchase? i thought they say only can purchase when near completion?? I was told the same too. How did you purchase? |
|
|
Oct 6 2015, 10:34 AM
Return to original view | Post
#3
|
|
Junior Member
370 posts Joined: Oct 2006 From: Kuala Lumpur
|
QUOTE(Mayday2232 @ Oct 6 2015, 02:35 AM) It's actually quite fast seeing the project coming up along Old Klang Road, SPA dated is actually 4 years, but seeing the progress on it, it should be another 2 years. Assuming the cost of 1 car park is RM20k and renting it costs RM150, you could rent for 11 years before reaching RM20k. Correct me if im wrong, but doesn't renting a car park seem a more attractive proposition considering time value of money? i think on Tier 1 location of OKR, very hard to have 2 car parks already, not sure about 9 Seputeh project tho. |
|
|
Oct 6 2015, 08:14 PM
Return to original view | Post
#4
|
|
Junior Member
370 posts Joined: Oct 2006 From: Kuala Lumpur
|
QUOTE(DrPitchard @ Oct 6 2015, 07:15 PM) Relative to the residential unit itself, seems like a bad deal. Assuming RM150/month and RM20k for the carpark, the rental yield is 9%, which is very high!!!! And it's bare empty with no maintenance needed. Haha good point mate. Believe someone here checked and the price of a carpark is RM30k. Assuming a rental of RM160, the yield is still 6.4% which is pretty high as well.If you look at a residential unit, RM400k with a rental of RM1,500/month, rental yield is 4.5%. So ideally, it would be better off to buy a carpark but only rent the residential unit. How much do you think Southbank could rent out for, considering the glut in supply around OKR area? |
| Change to: |  0.0279sec
 0.79
 7 queries
 GZIP Disabled
Time is now: 21st December 2025 - 12:39 AM |
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Powered by Invision Power Board © 2025 IPS, Inc.