Investment DAMANSARA FORESTA (V2) [OWNERS' THREAD], A new development near Desa ParkCity
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 May 30 2015, 07:06 PM
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#1
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Junior Member
259 posts Joined: Nov 2014 
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QUOTE(RTFM69 @ May 30 2015, 06:54 PM) Asking 3000 and below for 1389 sqft. Not easy to get local to fork out 3k for rental. Unless rent to expat, but don't have that many expat |
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Oct 27 2015, 01:11 AM
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#2
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Junior Member
259 posts Joined: Nov 2014
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QUOTE(cheahcw2003 @ Oct 23 2015, 11:47 PM) Based on the rule of 30%, i.e. household spend 30% of the income on rent. I believe will be hard to get RM3k rent in this area. Now ppl have a lot of choices. I'm sorry for the house buyer that still wish to use rental to cover installment like old time. Fact is the house price was inflated very much in last few years but the rental cannot keep up the pace.In order to pay the rent of RM2500, the household income needed to be RM7500 and more. If the rent is RM3000, the household income needed to be at least RM9-10K. Logically lower rent attract more prospect tenants. But the landlords need to work out the rent using the monthly instalments + monthly maintenance, so as to get +ve cash flow. Perhaps you can get around RM2.5k for fully furnished unit. |
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Sep 17 2016, 08:43 PM
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#3
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Junior Member
259 posts Joined: Nov 2014
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Not many people will know is foresta as not mentioned in the news
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Nov 25 2016, 03:42 PM
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#4
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Junior Member
259 posts Joined: Nov 2014
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QUOTE(Darren @ Nov 25 2016, 11:41 AM) Wow. That kinda cheap. Cool... slowly waitMean there still room for profit for flippers. Mean 1610sf only cost 640k back then. Wait for some time then. No hurry. |
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