QUOTE(lfwah @ Aug 15 2017, 09:49 AM)
Mutiara Kompleks can be compared to newer developments ie Pano,Rica, Court 28 ...?
it's like comparing apple to orange, yes fruit, but totally different kind of fruit.
i think in future, potential buyers/tenants would definitely choose newer developments to stay in,
newer buildings, betters facilities & services.
Do you know Pano, Rica, Court 28 Entry Price and their Size? How much rental can they fetch in future vs installment? All these new development is asking 600-650psf and not directly linked to MRT. The rental definitely will be 20-25% higher than older development hence, the affordability market has been further reduced.
As opposed to Subsale Units like Mutiara Kompleks, iProperty could find RM400k for 900sqft which around 440psf. Assuming 90% loan, the monthly installment work about RM1650, once MRT is ready. I Believe the rental could fetch RM1800-2000 easily furnished. Of course if you can find cheaper units, that would be better. That would be a passive or break even income if including maintenance. New development can't even break even the rental vs installment.
Look at Fennel and Capers which is near to KTM, LRT, and future MRT. How is the performance, even latest block launch of Fennel price has been REDUCED compare to 3 Years ago. The early adopter is cursing now.
QUOTE(BEANCOUNTER @ Aug 15 2017, 10:43 AM)
what they cant fight with newish factor, they can fight you with asking rent.
not all tenants are looking for newish factor. Ultimately they are more concern about rental.
The keyword is affordability. Tenant dont usually look at facilities, accessibility and rental rate is more important given the current economy condition. Unless I am the owner and I will emphasize more on facilities. Again, better facilities means higher maintenance, which reduce the ROI for owner that are investing on the property.