First of all, the price after rebate for Phase 2 is RM517,500 for the 1,297sf unit with 4 bedrooms. S&P price will still be RM575k, this will help you save on your RPGT if you decide to sell.

It is NEW and you get to pick your choice unit.

Also you're saving an additional:

RM5,350 legal fees S&P
RM2,600 legal fees loan
Total: RM7,950
*Estimates

Like what puchongite said, older buildings will usually have a better rental yield than the new ones, but that doesn't mean the newer buildings will not do well. Based on the current demand, and assuming IUKL and UNITEN do get an increase of students, it will definitely not be a negative cash flow in 3 years time. And for all we know, we can only assume with some facts around and can never be certain about the future. It is more like whether you can afford to take the risk.

This post has been edited by spcx: Jun 1 2014, 04:16 PM

cant agree more

Any advice from other sifu?

shld b ard 5-7km

5.5KM. Cheers

Block D seem sold out if no loan reject unit. Block C will open soon with additional 10% increase.

Want to ask...block C selling at around rm650k. It is consider high for tis area? In future there will be more condos building up...will the over supply pull down the price?

very high

So its not worth buying?? Wats d average per sqft price at this area...?

591k is before the 5+5% discount? Can i ask...wat made u bought the unit? Cuz price doesnt look cheap 😅 pls advise....

I wish to kno 2

Phase 1 subsale is around 400k with smaller built up 1062sf, and currently rental is about 1600..Why not go for phase 1?

How true is this rental of 1600 ? Seem quite high. Better return than Bukit jalil.

You may refer to the iproperty website as below:
http://www.iproperty.com.my/propertylistin...ominium-forsale

Your reference is a unit for sale, not a unit for rent.

Anyway I take your word for it.

Seems very fews units are advertised for rent. Maybe that's the reason rental yield is relatively high with respect to property price.

Still...if purchase at 400k, 1.6k rental cant cover the installment. Just checked with a sa that old block only left 1 unit for sale.

Rental reach 1.8k for medium floor

http://www.iproperty.com.my/propertylistin...ominium-forrent

My 2 cents opinion:

1) Selling price and ROI
The rental expected from students in that area is not as high as advertised. A lot of the students there will not
pay such price. If they have to, they would rather live nearby elsewhere and buy a bike or car. Don't forget,
the students know the areas there better any others.

Also, most of the students here who are from the rich region are not as rich as being portrayed.

I see a number of you have done beautiful ROIs which is similar to the love story I heard from the agents but
am still not buying it.

FYI, a few of us are current owners of existing blocks and were thinking of adding to our portfolio. We decided
against it in the end as it is better to invest elsewhere. If fact, getting out is in our mind now.

At their current selling price, we would rather invest somewhere else, say around PJ...see the picture now?

2) Developer
They developer is also linked to the owners (same) of the University. Rather than concentrating on expanding
their University, they became greedy and jumped on the property band wagon. They are keen to make $$
from buyers only.

3) Discounts
I am sure all of you are smart by now with all the marketing gimmicks. One can always sell at a huge discount
to attract buyers but one can also sell at a high before discount price, right? What is important? Net price,
right?

4) Competition with Existing Owners and other places nearby
At the current price, you will be holding the end of the stick.

5) Current Economic Environment, especially in Malaysia
Do you see our economy moving forward?
The biggest concern in everyone's mind now is the cost of living. It can only get worse. RM has been dropping
like crazy and it's moving on the downward mode.

With price of oil, and currency going down, we have the perfect formula for inflation. No?
If not, do a simple calculation for a family of 4 - 2 adults, 2 school-going children.

Makan 3 simple meals a day - maybe mixture of home and outside (as in kopitiam or road side stalls).

With our 'excellent' transportation and security system, do you need a car? Even an old junk would help, right?

Car Monthly repayment - berapa?

Repair - junks need repairs, right? Even if 3 year old cars, still ada repair and maintenance kan?

Makan (with or without minum).....?? see how the people suffer now? Gotta go down to this level.

Power bill? Dare not use air-con when weather is hot for more than 50% of days in a year....
The current hot temperature is way higher than it was 30-40 years ago. Ask your parents, grandparents if
you don't know.

Phone bill?

Bus sekolah? Uniform? Shoes? School and other books?

Education sudah habis....all go tuition...free ah??

No need to cater to rainy days?

My friends, the above are just simple basic living with no indulgence AT ALL.

Imagine this is the live of a number of average and below average Malaysians now. The above average are
now considered average. The rich will always be richer. Let's not talk about them.

For the average, you would probably be getting some imported food at times but the price paid would be way
higher than what you would normally pay elsewhere e.g. Singapore even after conversion.
I did comparisons on a number of items such as canned tomato paste, pineapples, Japanese soya sauce etc.

The question is not whether properties will be stagnant, go South or North.

'The Great' up there is a very fair. Looking at historical patterns, anything that goes up, there will be a down
as well to balance it up. No?

The key question is what are the chances of them being stagnant, go South or North?


That's all I can think of in my lack of sleep mode. All the best to you in whatever decisions you take.

I am renting Block B right now and all I can say is that, the facilities and the management suck. If it's not because of the contract, I would have moved out by now. If you're buying the unit for yourself to stay, I guess it's up to you. But if you're planning to rent it to students, then you'll hear a lot of complaints from them. I would have reported a lot of things about the management but I just don't know how and where.