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 Kajang/Semenyih area house, Need Advice

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HarpArtist
post Mar 4 2016, 10:37 AM

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QUOTE(samkps @ Mar 4 2016, 09:08 AM)
Mind to share which recently VP landed project can have positive rental coverage?  hmm.gif  hmm.gif
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why need landed? unless for own stay of course

QUOTE(samkps @ Mar 4 2016, 09:24 AM)
Erm, 500k 5 years interest 100k understand. So, RM 0 rent for 5 years?

After 5 years, no RPGT, maintenance + legal + valuation + agent commission need 50k?  brows.gif  brows.gif
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not 0 rent but i think u will agree current rent barely covers principal.
samkps
post Mar 4 2016, 10:41 AM

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QUOTE(HarpArtist @ Mar 4 2016, 10:37 AM)
why need landed? unless for own stay of course

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Apple to apple comparison mah... Otherwise would like to use the BOSS comparison? Loke Yew Flat vs KLCC luxury condo? sweat.gif sweat.gif

QUOTE(HarpArtist @ Mar 4 2016, 10:37 AM)
why need landed? unless for own stay of course

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Yeah I know, but let say you rent 1k per month, also 60k additional cash for 5 years ler, on top of the appreciation woh, no? hmm.gif

This post has been edited by samkps: Mar 4 2016, 10:41 AM
HarpArtist
post Mar 4 2016, 10:46 AM

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QUOTE(samkps @ Mar 4 2016, 10:41 AM)
Apple to apple comparison mah...  Otherwise would like to use the BOSS comparison? Loke Yew Flat vs KLCC luxury condo? sweat.gif  sweat.gif
Yeah I know, but let say you rent 1k per month, also 60k additional cash for 5 years ler, on top of the appreciation woh, no?  hmm.gif
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when buying for earning money whether buy landed or condo or unit or donation (LOL) is irrelevant as long as the profit is good right? if rm1 can earn another rm 2 doesnt matter which type of investment kan?

yes boss. but 500k prop the loan is abt 800 capital and 1.4k interest a month right? belum add maintenance insurance mrta and taxes what not etc

also hidden cost is opportunity cost like.
- the deficit cash of 1k per month.
- 1 more prop in ur name which reduce future loan eligibility, LTV, etc.
- risk factor

samkps
post Mar 4 2016, 10:55 AM

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QUOTE(HarpArtist @ Mar 4 2016, 10:46 AM)
when buying for earning money whether buy landed or condo or unit or donation (LOL) is irrelevant as long as the profit is good right? if rm1 can earn another rm 2 doesnt matter which type of investment kan?

yes boss. but 500k prop the loan is abt 800 capital and 1.4k interest a month right? belum add maintenance insurance mrta and taxes what not etc

also hidden cost is opportunity cost like.
- the deficit cash of 1k per month.
- 1 more prop in ur name which reduce future loan eligibility, LTV, etc.
- risk factor
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Okay, that is true for flipper. Semenyih never a good platform for flipper, already known long time liao lah.

If there is condo can flip at a very good price after vp and no need holding power, definitely a very good investment if compare to SEH landed. But, please share with us on these condo which is recently VP, okay?


I already mentioned just now for 500k loan, interest for 5 years is around 100k. But if you able to rent 1k per month, you actually collect back 60k, the interest paid only 40k.

Those misc charges (valuation + maintenance + legal fees + SA commision) is around 30k from my calculation..

If this is the case, your cost is 30k + 40k extra, means the cost is RM 570k after 5 years. What's the appreciation price for 5 years?

This post has been edited by samkps: Mar 4 2016, 11:00 AM
alvis5913
post Mar 4 2016, 11:14 AM

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QUOTE(HarpArtist @ Mar 4 2016, 06:18 AM)
disagree. short term profit sacrificed now can easily be seed momey for another investment.
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If u willing to sell with lower profit margin, yes. Semenyih if want sell now with high profit, very hard. As there is a forumer here try to sell semenyih house but all his client complaint ulu and far, owner not willing to lower down the price blablabla... How much you can earn from short term profit, and how much that money can helps u in other investment. After all of this taken into consideration, then only make decision whether to sell or not.

However, if the house left out with nobody staying inside, sell it better than hold it.

My opinion 😄
Rabel
post Mar 4 2016, 11:44 AM

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QUOTE(tmdsad @ Mar 3 2016, 08:57 PM)
Every time i bring up viewing semenyih unit to my clients...... the response is .... ulu and far..... ... i am like wtf....any other agents facing the same?
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Something same like Setia alam last time. Far, ulu, not worth. At the end, still buying but with more expensive price cry.gif cry.gif
Yamma
post Mar 4 2016, 11:45 AM

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QUOTE(alvis5913 @ Mar 4 2016, 11:14 AM)
If u willing to sell with lower profit margin, yes. Semenyih if want sell now with high profit, very hard. As there is a forumer here try to sell semenyih house but all his client complaint ulu and far, owner not willing to lower down the price blablabla... How much you can earn from short term profit, and how much that money can helps u in other investment. After all of this taken into consideration, then only make decision whether to sell or not.

However, if the house left out with nobody staying inside, sell it better than hold it.

My opinion 😄
*
some people said, rather than rent it out for small money, better left it empty. In a competitive environment which more than half of owner advertising their property for sale, the potential buyer most of the time will be looking for brand new untouched unit rather than tenanted unit.
Rent it out not gonna worth, sell it also will be among the last option for buyer.

It will be tricky decision whether to rent out or to left it empty.
SUStmdsad
post Mar 4 2016, 12:22 PM

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QUOTE(samkps @ Mar 4 2016, 09:08 AM)
Mind to share which recently VP landed project can have positive rental coverage?  hmm.gif  hmm.gif
*
Putrajaya...few units clients ..tenant out to gov servant.

This post has been edited by tmdsad: Mar 4 2016, 12:23 PM
samkps
post Mar 4 2016, 12:45 PM

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QUOTE(tmdsad @ Mar 4 2016, 12:22 PM)
Putrajaya...few units clients ..tenant out to gov servant.
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Which project and what's the entry price? hmm.gif

HarpArtist
post Mar 4 2016, 01:42 PM

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QUOTE(Yamma @ Mar 4 2016, 11:45 AM)
some people said, rather than rent it out for small money, better left it empty. In a competitive environment which more than half of owner advertising their property for sale, the potential buyer most of the time will be looking for brand new untouched unit rather than tenanted unit.
Rent it out not gonna worth, sell it also will be among the last option for buyer.

It will be tricky decision whether to rent out or to left it empty.
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rent to good tenant. furnish before rent. better lah. cannot find good tenant then can start to question the decision for the investment but way too late. then can check in to this forum and update us brows.gif
samkps
post Mar 4 2016, 02:15 PM

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QUOTE(Yamma @ Mar 4 2016, 11:45 AM)
some people said, rather than rent it out for small money, better left it empty. In a competitive environment which more than half of owner advertising their property for sale, the potential buyer most of the time will be looking for brand new untouched unit rather than tenanted unit.
Rent it out not gonna worth, sell it also will be among the last option for buyer.

It will be tricky decision whether to rent out or to left it empty.
*
Be frankly, if be given a choice, ppl tends to have brand new unit rather a refurbished unit.
Yamma
post Mar 4 2016, 02:54 PM

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QUOTE(samkps @ Mar 4 2016, 02:15 PM)
Be frankly, if be given a choice, ppl tends to have brand new unit rather a refurbished unit.
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u are supporting my point or differ from it? I'm not clear. lol
samkps
post Mar 4 2016, 03:15 PM

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QUOTE(Yamma @ Mar 4 2016, 02:54 PM)
u are supporting my point or differ from it? I'm not clear. lol
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supporting, indeed.
cheryee
post Mar 4 2016, 04:55 PM

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QUOTE(Rabel @ Mar 4 2016, 11:44 AM)
Something same like Setia alam last time. Far, ulu, not worth. At the end, still buying but with more expensive price  cry.gif  cry.gif
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Lu HUAT jor lo since holding so many in SA ... tongue.gif
cheryee
post Mar 4 2016, 05:00 PM

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QUOTE(tmdsad @ Mar 3 2016, 08:57 PM)
Every time i bring up viewing semenyih unit to my clients...... the response is .... ulu and far..... ... i am like wtf....any other agents facing the same?
*
HUH? U were from Gamuda then moved to Mah Sing and now which realty pulak?

BTW, my fren punya errana sold for 900K, gross profit +- 200k
Rabel
post Mar 4 2016, 05:17 PM

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QUOTE(cheryee @ Mar 4 2016, 04:55 PM)
Lu HUAT jor lo since holding so many in SA ...  tongue.gif
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sweat.gif sweat.gif
SUSNew Klang
post Mar 4 2016, 07:08 PM

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Kajang is best at Tropicana Heights.
mthc
post Mar 4 2016, 07:12 PM

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My friend punya piranha sold for 1.2mil. Profit +/- 500k
HarpArtist
post Mar 4 2016, 08:01 PM

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QUOTE(mthc @ Mar 4 2016, 07:12 PM)
My friend punya piranha sold for 1.2mil. Profit +/- 500k
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all this piranha whatever ha bought couple of years ago of course profit la right.. now still same tune meh whistling.gif

2.5 yrs ago one condo transacted at 450k. end last year got offer from cash buyer 750k. didnt sell due to high rental yield. whistling.gif but who knows 2.5 year later fr today maybe still 750? brows.gif


mthc
post Mar 4 2016, 09:10 PM

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QUOTE(HarpArtist @ Mar 4 2016, 08:01 PM)
all this piranha whatever ha bought couple of years ago of course profit la right.. now still same tune meh whistling.gif

2.5 yrs ago one condo transacted at 450k. end last year got offer from cash buyer 750k. didnt sell due to  high rental yield. whistling.gif but who knows 2.5 year later fr today maybe still 750? brows.gif
*
Got one I know of. 200k in 2008. It's 700k today. Expect to up further up in value some more cuz it's 400m from mrt 1 and 500m from lrt 3. Heart of bandar utama some more

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