QUOTE(New Klang @ Nov 16 2015, 01:43 PM)
Ariza launch price 599K.
Bumi 7% and staff discounts 5% applicable. Total 12% discount.
If subsale price is 699K then profit before tax and costs is about 170K. Not a bad return for a simple safe low risk investment.
See photo.
is the bumi and staff discount combined or whichever higher applies?Bumi 7% and staff discounts 5% applicable. Total 12% discount.
If subsale price is 699K then profit before tax and costs is about 170K. Not a bad return for a simple safe low risk investment.
See photo.
low risk? at say 90% of 599k loan, one needs to service approx RM2.5k monthly installment?
assuming they do dispose within 6 months (including execution and handover the prop to new purchaser), that's still RM15k of interest cum installment to the banks.
you also need to factor in interest during construction, say 2.5% of the SPA price. say RM15k.
SPA fees (unless tumpang purchaser lawyer?). say RM8k.
insurance and deposit for utilities during VP. say RM1k.
quit rent, assessment. say RM500
Agent's fee (assume using agent). 2%. say RM14k.
RPGT deduction (provided did not use waiver and ada untung taxable). maybe circa 30% of RM200k = RM60k
so 170k untung - 15k - 15k - 8k - 1k- 0.5k -14k - 60k
56.5k.
so, still low risk or not?
don't look at the big figure.
prop investment is not that handsome a gain after all if you count all the cost involved.
Nov 16 2015, 01:59 PM

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