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 Property for own use, Any recommendation?

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Pai
post Sep 29 2007, 03:35 AM

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QUOTE(lwb @ Sep 28 2007, 04:52 PM)
1. i'm not interested with public apologies or anything of that nature.

2. "big shot investor.. super investor" ?! well you create such titles, you KEEP IT. i'm not interested with it.

3. to prove to you is plain stupid.. besides, you don't even know the function of an S&P to begin with.. why waste my time?
*
again, its all talk, no facts. No wonder it u need 10 YEARS of studying in properties before you FINALLY sign the dotted line. Heh,a slow-learner....aren't you?




Look woman/dude, I believe I did enquire politely on your "30% discount". Your case perk my interest as doesnt make sense :

1. That your agent is so "kind" to pass a home-run deal to a stranger when he himself could have bought the property and reap at least 30% cap gains. Or if he doesnt have the $$$$$, there's always family and friends. So why pass to you, a stranger?

2. 30% off ACTUAL developer's price, is really unheard of. Has anyone else in this forum offered 30% off from the developer's actual price?

3. You BLINDLY refuse the fact that there's a POSSIBILITY that the developer might have manipulated the S&P and dismiss my thoughts as being silly, either due to your scratched ego OR you simply have no clue that developers are capable of pulling such act.

Lastly, no one asked you to disclose any personal information about yourslef. All I asked was general information regarding the property, to clarify this exceptional case so that EVERYONE here can learn something. This is a FORUM, where ideally ppl should share + exchange information & thoughts. When you kept facts to yourself and simply dismiss other's opinion with no facts, no one here learns anything.

My 2 cents wink.gif

This post has been edited by Pai: Sep 29 2007, 03:35 AM
Pai
post Sep 30 2007, 01:52 PM

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QUOTE(lwb @ Sep 29 2007, 11:38 PM)
ignorance is bliss..

i can cut an answer to 3 of your questions above.. but i'd rather not..
dumb as it may seem.. the answers is out there in the open.. you've perhaps too blind to notice?

(you must've picked up your insulting skills from your own mother right?.. i can tell, but you don't have to unleashed it here.. it doesn't work)
*
again, this is ALL TALK and again zero facts from you, old man. Perhaps Yewkhuay will have a better luck in getting you to share.

And you had to bring my mom into our PROPERTY-RELATED argument? Seriously, u remind me of primary school students doh.gif





wait a minute...........










u r not a primary school student, right? shocking.gif


Pai
post Oct 2 2007, 11:11 PM

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QUOTE(vreis @ Oct 2 2007, 07:58 PM)
My place to laman Rimbunan only 5 mins but too bad I can't afford it. As far as I know, A friend bought a unit there, cos he found that a similar unit in DPC cost almost 200-300K more. The 1st phase should be cost around RM400K. Anyway I really love this area as I grew up here & kinda attached to it.
The only downside is the traffic congestion. As you can see further up LR, there are blocks of shophouses still under construction, the traffic is going to be like those shophouses around Carrefour or worse. sweat.gif
*
i think conjestion is a major problem anywhere in KL. You cant escape this problem even if you are paying 200k more for DPC or SPK properties.

And while the contruction of shophouses may be negative factor TODAY, Im quite sure LR will enjoy a good upside once the commercial area matures wink.gif
Pai
post Oct 2 2007, 11:51 PM

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QUOTE(lwb @ Oct 2 2007, 11:20 PM)
don't give up(look down) on your current yield of 7%.. rental can be grown and over the pass 3 years.. my rental has grown 18.75% from RM 1.8k to RM 2.1k.. i had a lock-down deal of 2 year tenancy agreement for this RM2.1k. upon expiring.. i'm planning to float it to RM2.2k (that's the on going rate on a similar unit).. the keyword here is.. grow your rental (it's not static)

*
mate,

let me get this straight, your current rental p/m now is 2.1k, and your monthly nett income from this property is RM150, right?
Pai
post Oct 3 2007, 12:29 PM

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QUOTE(Pai @ Oct 2 2007, 11:51 PM)
mate,

let me get this straight, your current rental p/m now is 2.1k, and your monthly nett income from this property is RM150, right?
*
Read your post somewhere, and remembered you mentioned RM150, which doesnt make any sense to me if your yield is 11%.

RM250+- should be the ball park figure I suppose.
Pai
post Oct 3 2007, 09:23 PM

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QUOTE(lwb @ Oct 2 2007, 03:01 PM)
cash-on-cash basis.. it's like 11.8% (nett off bank loan, maintainance charges, taxes & insurance).. denominator is the capital that i put in.
i've been approached a few times, on offered to buy up the unit.. i'm working out a viable model so that eventually, any buyers will still be able to make a decent rental income after sale closure..

on the side, i do have a dilemma.. to sell or to keep it going? my equity buildup is pretty slow.. average about $150/month.. (but i considered it as bonus.. it's like the tenant is contributing additional to the unit for me on monthly basis)

*
There, u mentioned its RM150 hmm.gif
Pai
post Oct 23 2007, 08:20 PM

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QUOTE(temptation1314 @ Oct 23 2007, 01:32 PM)
Anyone can recommend me a house price below RM100k?
Of course I'm looking for a single terrace house in KL. for own use.
*
Mate, u can check out Sentul's compact double story houses. Its damn small but u can buy them for about 100k. But its leasehold lar. wink.gif
Pai
post Oct 24 2007, 01:34 PM

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QUOTE(jcvstlys @ Oct 24 2007, 12:47 PM)
any suggestion for landed properties around 300k-400k? freehold..
*
jc mate, u still lookin'? Try DU DSLs. Sometimes u can get old units for less than 400k.


Pai
post Nov 1 2007, 05:23 PM

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1. Yes, and do you really need a 4500sqf house? 300sqf0 is more than sufficient, to be honest.
2. Check out Kelana Jaya Semi-dees, FH and cost less than a mil_ Steady capital gains.
3. Yup, maintenance fee and upkeep cost will be quite high.
4. Why not? Check out Bukit Utama, cost less than 500k, FH, near KDU and decent size (abot 1.8k sqf)
Pai
post Nov 2 2007, 01:55 AM

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QUOTE(hedfi @ Nov 1 2007, 10:22 PM)
Frankly I dont need the space but nice to have and want to reward self for all the slogging the past 5 yrs. Only 3 kids(will occupy 2 rooms) and only one wife, a maid, but there are one huge master bedroom and 4 large rooms(2.5 storeys), big hall and dining. I dont fancy home theatre, hifi music or entertaining. A 3-3.5k house would be just nice, but cant find one that is suitable

where at KJ? New or 2nd hand. Are those close/facing to the golf corse, traffic is quite heavy if I not mistaken and will get worse.

Where is Bkt Utama or is it Seri Utama?

Pls keep the comments coming, appreciate it
*
I know its always nice to own something "bigger" but your own house is a liability, hence get one that is "just nice" and reasonably priced. Check out KJ's SS3, SS4 and SS5,(not near to golf course, but quite near to Giant) the houses are a bit old, but can always reno to your own liking.


Bukit Utama is in BU.



Anyway, if you are buying for long term own stay, should always go for freehold properties.

Pai
post Apr 17 2008, 01:44 AM

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QUOTE(darlyn @ Nov 28 2007, 07:34 PM)
is there any DPC which dun have to pay maintenance fee?? smile.gif
*
got, check out their SouthLake DS smile.gif
Pai
post Apr 18 2008, 01:27 AM

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QUOTE(cannondale> @ Apr 17 2008, 03:56 PM)
pai,

i would like to ask for yur opinion. i have recently brought a unit at adora, dpc worth 750k 1900sf for my own stay and its the secondary market.

wat do u think of this purchase and the future of dpc. my workplace is just around the area and even my family staying near dpc.
*
Chief,

I never did any research on DPC as most of the properties in DPC are way beyond my budget. My general take on DPC :

1. Very pricey blush.gif
2. Location is OK, not too bad but not that fantastic either.
3. Overall is dem nice place to stay.
4. good, responsible developer. Maintenance is top notch.
5. Think this place is reasonably popular among expats, as it offers condo facilities but u get to stay on landed properties.
6. Very few competition.
7. Maintenance fee is a killer.

IMO, if you are buying for own stay, u have the means and u love the place so much, just buy it. Own stay properties cant be considered as investments anyway, so my advise to you is to cherish your purchase and dont look back.

But, from invetsment perspective, think are other better options, IMO. wink.gif

 

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