Hi all bro and sis -fus,
I've been reading this thread and indeed all the previous threads - very informative and lots to go through.
I'm on the verge of getting a Type 2A Cluster Home - Tenderfields. This will be for investment purposes. The price is RM908,000 and there is a 5% discount + 1% referral discount.
I've never bought landed properties before so I was just hoping if anyone could offer me an insight as to whether or not I should go ahead with the purchase.
I was thinking for RM900k, I can buy a subsale condo nearer to KL and generate income almost immediately, whereas with a house like this, I would have to hold for a number of years before it appreciates. Plus, I would imagine rental wouldn't be very good especially in an area like Semenyih?
Also, with there being Eco Hill just next to Eco Majestic, there is a risk of oversupply in future. Don't want later empty for many years. Have to pay loan and service charge. Die standing.
Just hoping that it will become the next Park City, then at least in future can let go and got "meat" to eat. Haha.
Any comments and feedbacks are much appreciated.
Highrise will be oversupply too don't you think? even with newer launch next to MRT or LRT, more fierce competitions are on the way.
If your potfolio for investment doesn't allow long term holding power, then EM isn't the right fit. If you do have disposable income for monthly mortgage that would fit into long term investment, then ok (an alternative to rather than sticking them into education fund or retirement fund..etc).