QUOTE(l.ukecas @ May 4 2024, 03:19 PM)
just bought mine without fully furnished package, got a lot of rebates, only paid rm500 booking fee + after completion still get cashback few k, 273sqft studio unit
I visited the show unit, still pondering to get the 273 sqft unit or not. In terms of location is very good and low dense as well, which means fewer competitors.However, I don't like the concept of having Block A as commercial and Block B as residential sharing the same facilities. This means residence will complain about outsider using their facilities....
For bock A it is commercial title and cannot be converted to residential, hence electricity and water bills will be more expensive than normal.
For 273 sqft but doesn't come with parking(need to rent parking, RM120 per month), for Airbnb or investment purposes, you will need to pay an extra RM120 every month.
If your tenant is relying on LRT, sounds good that it is literally sitting between 2 LRT stations but at the same time, it is not easy to walk without the covered walkway.
For LRT, one is almost 700 meters away, another is 1km away without a covered walkway, their so-called 500meter is just a gimmick. The promised shuttle van service is by the developer operating every 30 mins, but you will never know how sustainable this service is over time.
My overall concern is who is the 273 sqft unit targeting, from the look of it, it doesn't cater for a public transport commuter, someone who drives to work or short-term Airbnb staycation individual who owns a vehicle.
Let's say your tenant really needs a parking slot, which also means you need to pay RM120 extra every month.
If you do the math:
1028(installments) + 121(maintenance) + 120(parking) = RM1269 per months
Then the question is how much you are willing to rent out to your tenant and how much you are willing to fork out to cover your loan.
This post has been edited by Vincentccw: May 5 2024, 01:52 PM
May 5 2024, 01:51 PM

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