QUOTE(warrenbuffett @ Jun 24 2019, 12:31 AM)
Why u asking lowyat anonymous guru also don't wanna believe in Adrian Wee?
I don't think he's neutral.
QUOTE(AskarPerang @ Jun 24 2019, 01:03 AM)
Base on the above AW posted live video:
Why BBB meta city:
1. near UPM station. Hotspot to catch student market.
2. near Cyberjaya station. LKW. Hotspot to catch student market.
3. near Putrajaya station. Hotspot to catch stewardess.
4. 13 station to TRX (job opportunity). expensive to stay nearby TRX eg. cheras maluri (Sunway Velocity).
5. 15 station to KLCC. same point as #4.
All got fact. Guarantee got tenant market.
Use 18k to full furnish soho unit (300k). Price confirm can jump to 500k in future.
Sekian harap maklum.
p/s: Again, I emphasis. All information posted above is solely based on the live video posted above. I just summarize up. The rental in the area for soho sized units is about RM1,200 for fully furnished units. I see that it can go as low as 800, 900 but if you place a premium on Meta City for the location, connectivity - I think RM1,200 for the SOHO unit is a fair price. Repayment on 90% loan + Maintenance + Sinking fund is RM1,352.18 assuming the interest rate is 4.5%. So rental income wise, the place isn't that attractive even if you get tenants - unless you really can make AirBnB successful here.
Capital apreciation, yes - it is possible but with so many unsold units around town (25% unsold in Selangor), who wants to pay half a million for a 1 bedroom SOHO in Seri Kembangan? The rule of thumb usually for property is 5% capital apreciation per year, but I wonder if it's really applicable in the current situation?