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Investment EKOCHERAS @ JALAN CHERAS (V4) [MRT PROPERTY] [OT], Where Cheras becomes Mont'Jiulai

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SUSNew Klang
post Dec 3 2019, 03:43 PM

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QUOTE(jhuitan @ Nov 22 2019, 04:52 PM)
At least 2 more round to wait
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You mean the RV to be below $400K?

SUSNew Klang
post Dec 5 2019, 11:36 AM

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QUOTE(AskarPerang @ Dec 5 2019, 10:54 AM)
Updated pricing and date.
Bank decided to drop 15% from 500k instead of just 10%.
Fully furnish rental rate above 2k+.

H-13-20, Tower H, EkoCheras
Reserve price 🔥🔥RM 425,000🔥🔥
Freehold
762 sqft (no balcony unit), 1 car park slot
Auction: 19-Dec-2019 (Thu)
*Non bumi lot
*Vacant brand new unit

» Click to show Spoiler - click again to hide... «

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If unbidded, what is the next lowered price?
SUSNew Klang
post Dec 14 2019, 08:41 AM

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QUOTE(jhuitan @ Dec 13 2019, 06:54 PM)
One more round to go...
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Will be interesting

Too many speculators waiting to unload
SUSNew Klang
post Dec 19 2019, 03:05 PM

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QUOTE(AskarPerang @ Dec 19 2019, 11:18 AM)
Unit sold at 495k just now.
Really crazy price. Higher than subsale. Can find around 460k-480k.
Cannot explain what just happen.
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So emo
SUSNew Klang
post Dec 20 2019, 01:43 PM

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QUOTE(aaron1717 @ Dec 20 2019, 09:16 AM)
rental is low is fact? how much is your low rental?  confused.gif  confused.gif most of my frens renting at around 6% yield and above wor... very low ke?  confused.gif  confused.gif
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6% return from borrowed money is profitable.

Much better than FD which is return from own cash
SUSNew Klang
post Dec 23 2019, 12:33 PM

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QUOTE(SongChiang @ Dec 23 2019, 12:23 PM)
my good sir, you're  a special kind of people. i small bean only ok i use decent reno but not ID CUSTOM MADE TO FIT n Italian furniture. my target is more middle income level of people unlike your ATAS customers. sorry for being stupid. i was thinking, mathematically, if you spent 30k to reno a unit to get rm500 more than other units. you need 30000 / 500  = 60 months to break even on the amount you spent for it. then wouldn't the deficit continue to snowball as you have to do maintenance on it so maybe will take another 1 year to breakeven, if ever. just wondering.  i understand that to stand out you needed to be special, to do what others not willing to. but market now very hard to breakeven on installment  + maintenance fees  with rentals, so is renovation cost is written off when calculating ROI? so we only focus on rental vs installment?
as not many people will take on bare unit, so is  renovation cost acceptable losses?
"what did you learn from sean tan? 1st thing he checked in an apartment is what brand electrical appliances n sanitarywares. why?"
this could be one of a million reasons he checked on brands and what nots. maybe he is particular about using branded electrical appliances. like someone will check on fengshui of a unit before anything else. so what's your point.
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Sometimes it is not to get recover the extra 30k

Sometimes it is to filter the better tenant quality who are willing to pay

Sometimes there are conmen who act rich, asking high end, paying on time initially but default payment

Renting out is not that rewarding but as long as we are using debt to acquire wealth, then we need to suck in

 

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