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Investment Unipark Condominium Phase 2 @ Bangi, DE CENTRUM

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spcx
post May 31 2014, 01:19 AM

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Hey guys, I am an agent for Unipark Condo Phase 2.

We are accepting booking now with RM5,000. The launch will take place sometime in mid June, and there will be a 10% rebate for 7 days.

Many of the units had already been taken by foreign investors as it is expected to do really well if you see the master plan.

If you wish to know more about this, please PM me or I can be reached at 0123226044! smile.gif

Here are some brief details about the property, since some of you already shared above.:

Type 1 (Normal): 1,297sf - 4 bedrooms, 4 bathrooms. Comes with 4 airconds, 1 carpark.
From RM575,000

Type 2 (Duplex with dual keys): 2,594sf - 8 bedrooms, 8 bathrooms. Comes with 8 airconds, 2 carparks.
*13th floor onwards
From RM1,065,000

The developer is also the owner of Infrastructure University Kuala Lumpur (IUKL), which is located really close to the Phase 2 condo. The existing hostel for housing more than 1,000 IUKL students will soon be demolished, so you can expect that the rental demand will be going up.

Expected rental yield per room: RM600+

UNITEN is also just 1.5KM away, another good source for rental. De Centrum Shopping Mall will also be up by 2016.

If you guys don't know yet, this condo is just 5KM away from IOI City Mall (due to be completed this year) is the largest mall in Malaysia. Expect cinemas, 5-star hotels and offices to further bring up the value of the properties around this area. You can read more about IOI City Mall.

I am up for a yam cha session anytime if you would like to know more about this, and please be reminded, 10% rebate is limited to 7 days only. BOOK THIS CONDO ASAP! I can be reached via PM, or SMS/Whatsapp/Call 0123226044, John for more information.
spcx
post May 31 2014, 11:28 AM

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QUOTE(tikaram @ May 31 2014, 09:46 AM)
Is the developer help investors rent out? Any plan of lobbying mrt2 line to this mall?
*
If I say yes the developer will help investors rent out it would be a lie, but that usually is not a problem, there will be many property negotiators assisting owners/investors to secure tenants anyway.

As for the MRT line, it is proposed, but again things can change eg: if government changes, if government suddenly change their minds etc, government delay it etc. But I am pretty sure the big players in this area will push for it.

Cheers
spcx
post May 31 2014, 10:44 PM

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QUOTE(peril123 @ May 31 2014, 10:39 PM)
hey bro. how many units taken already?
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Last update was there were only 100 units left of the 160. This is even before the launch. Launch happening in 2-3 weeks time.
spcx
post May 31 2014, 10:51 PM

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QUOTE(peril123 @ May 31 2014, 10:46 PM)
how many of them are foreigner?
*
no official numbers, but I know foreign investors took at least 30 units. =)
spcx
post May 31 2014, 11:31 PM

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Good calculation, but the rental is based on the existing/current demand.

You're calculating a -RM300 cash flow based on the current rental and selling price of the pre-launch property. smile.gif

There are a couple of interesting things that will be spiking up the price in the near future:

1. The opening of IOI City Mall this year (among the largest mall in Malaysia)
2. IUKL existing hostels that will be demolished
3. The increase of intake in both IUKL and UNITEN
4. The opening of De Centrum Mall right at the condo. 2016
5. MRT (many many years to come though, hehe)
6. Property appreciation: This will be completed in 3 years time

=)

This post has been edited by spcx: May 31 2014, 11:35 PM
spcx
post Jun 1 2014, 04:03 PM

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QUOTE(peril123 @ Jun 1 2014, 07:46 AM)
1. The opening of IOI City Mall this year (among the largest mall in Malaysia) -> agree on increase of housing demand
2. IUKL existing hostels that will be demolished --> doesn't see much impact since they are taking up the whole block C to replace the hostels
3. The increase of intake in both IUKL and UNITEN --> God knows smile.gif
4. The opening of De Centrum Mall right at the condo. 2016 --> agree but hopefully it won't become a dead-mall
5. MRT (many many years to come though, hehe) --> will only come in 2020 if approved
6. Property appreciation: This will be completed in 3 years time --> hopefully economy crisis won't hit malaysia. if really hits, sub-urban area will be the 1st in deepshit

If we compare with Phase 1 block a and b,

Current selling price: ~RM390k (1060sf)
Monthly installment: ~RM1600
Monthly rental: ~RM1900
Monthly maintenance: ~RM250

ROI = (1900-250)*12/ 390k = ~4.9%
Cash-flow = 1900-250-1600 = RM50

Also, the room of appreciation in term of value and rental would definitely be much better than Phase 2 considering all the boosters that you mentioned.

Isn't it better than phase 2? smile.gif

Appreciate if you can enlighten me how to justify to buy phase 2 instead of phase 1 since I've already booked one unit smile.gif
*
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
spcx
post Jun 18 2014, 11:19 PM

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QUOTE(manapergi @ Jun 10 2014, 10:40 PM)
bro How many KM the mall from Unipark  hmm.gif
*
5.5KM. Cheers
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