QUOTE(mthc @ Feb 27 2017, 08:38 PM)
As much as I like this project but you can't possibly hit even 4.5% yield. Please do gauge the current rental in Jinjang south and north. You may argue that MRT is a game changer but please do not forget that there is major influx of supplies within 2km radius.
A 6000sf land with 7000sf build up here was verbally valued at 750k in 2015. What makes you think that 430k 9xx sf condo is cheap in this location? You may want to look deeper into the average psf in jinjang.
Enesta rumawip will be a big win however not enesta Kepong. Sorry for pouring the cold water
I presented this question to the agent also,since the wip is 100k cheaper than enesta kepong....where does that leave me as a investor...here was the reply....A 6000sf land with 7000sf build up here was verbally valued at 750k in 2015. What makes you think that 430k 9xx sf condo is cheap in this location? You may want to look deeper into the average psf in jinjang.
Enesta rumawip will be a big win however not enesta Kepong. Sorry for pouring the cold water
Enesta kepong min entry is priced RM130k higher than the wip with the following justifications
1)Enesta Kepong comes with built ins and fittings and wet works worth RM60k
2)RM430k for 916 sf,100 sf bigger than the wip
3)Wip will always be a Wip be it 10 -20 years and there will be buyers and tenants who dont want to call a wip their home....so its a different market...
I dunno thats what i was told.....sounds reasonable to me bro...
Feb 27 2017, 09:22 PM

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