yes the 7 apartments all close to each other is a true cause for concern for both investment/ownstay standpoint.

These are some of the photos which I had taken..
Nearby High Tension Cable, Indah Water, Carlsberg....

If you go in, the entrance doesn't feel good.
It felt like some cheap flat.

hahah u bought flat mah .. u get flat entrance lah ... actually slgihtly better than flat entrance

but the people moving in nowadays - most of them confirm from some flat ... considered an upgrade for them

This post has been edited by earl-ku: Jul 25 2016, 03:58 PM

Some of them throw rubbish on the entrance

got fuckers throw ciggarette butt at the lift lobby ... serious pariah people

whicih floor u at?

look like flat, stay like flat, actually not flat.

the part which is not flat is our loan repayment lo ...

all owners paying 2k upwards ... where else these pariah people renting 900 upwards for a bare unit ...

the owner minus 200 for maintenance ... means its 700 only ...

Negative cashflow. not even cover interest.

these group renting so low could be flippers who bought it somewhere 350k ish i think ... cant flip as there is still developer unit hence rent it out at loosing price lo

90% loan RM315k, interest at 4.5% = 1181/mth + maintenance 200 = 1381/mth, rugi

thats the only reasonable explanation as if your loan is 400k, no way one can rent it out at 900 a month

I nvr stay nor own one.
I went there to view the said property.
However, the environment turned me off....

Developer launching new block soon. How many unit remain unsold?

There are mostly RM1.2k-1.3k basic unit, RM1.5k-1.6k semi, and RM1.7-1.9k fully furnished unit transacted here heard from friends. Probably RM900 is very minority.

New block known as The Greens

My friends unit transacted at 1.5k partly furnished.whts d occupancy now?

thats not new block lah, totally different project - just its ont he same parcel of land ... this one atas a bit - not like the PPR Alam Sanjung

This post has been edited by earl-ku: Jul 31 2016, 10:24 PM

U have any idea on d take-up rate?

These days i would say almost 90% of condo/apartments/landed you give big angpoh to tenant every month de...if u just got your newly vped property in the past 2 years or so.

If you take into account of true cost of your investment plus all incidental cost + depreciation of your furnished unit...either fully or partially