I think RM 350k a unit is the marketing approach by FR. The cost is around 600k to 700K a unit (dual-keyable) at Emporis. I buy, I sell, so I know the market here.
Rental wise not too high. After renting out all units, paying off maintenance fee, electricity , wifi, cleaning fee etc, nett is around RM 2,400 - RM 2,500.
So far small room 500 - 550, middle room. 700 - 750, and master room 900 - 1000. This is the rentable rate here. Higher than this, a bit tough to rent out.
But competition here is really huge for room rentals. Invest now, can only earn thru tenant pay off loan on ur behalf. Appreciation is something we can't see as of now.
Actually, I quite not agree with many people who keep attacking Emporis, you guys should be those gurus right?
those people who buy higher price initially already suffer the losses, why keep play down this property and think it is doomed? Are you guys really visited here recently? And even it is really not performing, is it the fault of buyers?
You guys have been talking bad, teasing the buyers since long long time ago.
What benefits you reap, and what contribution you guys can provide to the buyer who bought earlier and suffered losses thru all these negative vibes?
I seriously don't understand this.
Or maybe this is treated as entertainment for you guys but it is not funny at all for buyers.
I don't really know about the details of the project, why it didn't perform as expected etc but tbh I quite like the location. There are a lot of restaurants just in front of the building, and MRT is also quite near(maybe not really walkable on a hot day but still near enough). It's only a 5 minutes drive to the nearby malls also.