Rental on Facebook is only 1-1.2k for unfurnished and there's tons of similar unit on supply. Tiles size is the direct reflection of the price of the project, it may not matter to you but it does to future buyers.

What makes you think that people die die will want to stay at Mont Kiara, at the extend of downgrading to a rumawip just to stay there? Perhaps the demographics that would want to stay at MK are the expats that do no mind paying more for quality of life.

And I wouldn't say this is the best rumawip. If anything the 198k AK rumawip are the best. 100k lesser than the usual rumawip, but the rental rates are similar to the 300k ones.

My unit at Kiara Kasih is tenanted at RM2.2k for fully furnished unit. Those united that are advertised at RM1.2k are filled with fake adverts just to attract interest..... try calling those agents & see got any real unit available at RM1.2k ( You wont find one). I have 5 units in KV & Kiara Kasih is currently giving me the best rental yield

Idk man, I can't find any reason for a young adult to stay in MK without a car. At least in Cheras there's a lot of TODs.

Look I bought the house when I was earning RM4k in year 2018. It was my first house & I was B40 when I applied RUMAWIP.

Over the years, I have multiplied my income stream (Stocks, Side hustle, passive income & etc). My income grew by multiple folds.

I bought the property & I improved my income over the years through sheer hard work. So, yeah I dont see a problem here.

The only problem I see here is that people think B40 will forever remain B40.  Change your mentality first ( No offence)

Work hard & party harder.....cheers 

One way to stop it is to cap the selling price of subsale for these properties

Wow wow wow ...... I sense alot of envy & jealousy

Someone actually worked hard to upgrade himself from B40 situation & you salty motherfuxxxx couldn't accept it cant you ?  hats off to the gentleman that made it 

As for the rest of envious motherfuxxxx, work hard & grind la 

In general, I am supporting the guy that went through hardship of B40 & turning his life around. I mean this is no small feat & not everyone can do what he did. Hats off to him !!

As for the question of selling & rental price, I believe that open market dictates this. At the end of the day it's willing buyer, willing seller. With that said, I will not be surprised if the lelong unit of Kiara Kasih fetches ~RM500K in the upcoming auction.

I mean even a rumawip in Bukit jalil fetches upto RM430k as rightfully pointed out by AskarPerang. Kiara kasih is freehold property & is located in Mont Kiara. Additonally, there will be a direct access road that will be built from Kiara Kasih to Solaris in 2025. MRT3 is also rumoured to be closeby Kiara Kasih. I think this factors has to be priced in as well.

This is just my 2cent

Your argument is both inconsistent & incoherent with the idea of "auction". When it comes to auction there is no ceiling price or price capping, it is a free market. It's a willing buyer, willing seller basis. The sooner you comprehend this simple concept, the better.

Social housing or not, the mass market will still pay big bucks for something that is located in Mont Kiara & freehold. If someone can get it for RM500k, I will still consider it as a steal. In fact, I am personally going to bid for this project & I can attest that it will be a war during the bidding stage. This is a free market.....anything goes

The entry price of RM300k is surely lucrative. I would have bought the unit in a heartbeat. However, I am not entitled to a rumawip project due to my income being above the threshold limit. So, I have no choice but to use the auction route.

I have already personally seen the unit through some agents for the bidding process preparation. Upon my assessment, I can definitely say that Kiara Kasih on the top tier of rumawip. They have established a great community (I have seen the whatsapp shared by the agent), the mentality of the residents that emphasizes improvement of the residence & the income level that are skewed more towards T20 ( I have seen the cars that are parked there).
Upon multiple deliberation, I can safely say that I will bid for the unit for my own stay & RM450k is a comfortable figure that I am willing to go for. However, I will not be surprised if people are willing to push the number above ~RM500k. I have done my study & I suggest you do the same

Now that you have mentioned Aston Kiara 3, some of the units are for sale for only 600k for 1500 sqft fully furnished.

Wonder what is the push factor in Aston Kiara for someone to even consider going for rumawip at 450k at 850 sqft.

The deal breaker for me is the road condition and facing super busy highway. I don't know which T20 would love to listen to noise pollution every single day 😅

Attracted 13 bidders fight just now.
From 300K.
Sold at 398K only.

Good catch?

You declared bankrupt still can get another?

I think this buyer still at lose.
1. He maybe never even serve 1 month monthly installment.
2. He maybe never even serve progressive interest for 4year
3. The legal fee & Auctioneer fee involve is not less maybe here already lost 20k to 40k.
4. Don't forget if you not payment progressive interest or installment, bank maybe increase the interest rate to you from 4.2% to 5 to8 to 10% maybe, who know?
5. Break contract fee (maybe lock in period for bank loan)
6. If the owner not submit all those cost thing to lhdn, then 90k consider as profit maybe will charge rpgt 30%.

After all the additional cost on top of the property, it may lose money even 90k extra from buying price.

Flipping rumahwip game right? Yeah it's do able but not worth the effort.

Smart people doing smart work, smart people especially know the game and rule, they will not doing this because compare to bulk purchase etc pla pla pla, this earn too less with a lot of harass and effort.

OK let said paying all the thing and purposely let it go via auction

Additional cost
Lawyer fee & autioneer fee
Progressive interest he paid is cost (around 20k)
Break loan agreement contract penalty
Rgpt from the profit 90k (30%)

In the end, ready earning? Can break even already happy jor.
This is my opinion la.

From what I heard, this condo ban for renting to foreigners - which has been the selling points for properties in MK. So this condo isn't as easy to rent as what people might have think, ie it does not meet the demand of the profile there.

I'm not sure how many family would can afford the lifestyle in MK, e.g. go to international schools, fancy restaurants etc, would stay in rumahwip, but from what I heard, market rental is not as high as some other rumahwip that is near to working area / lrt. But to be fair it is a rumahwip after all, meant for own stay not for investment.

I guess that's possible, but the unit is 3 bedroom. Personally if I were them I would just stay in studio/1 bedroom with few hundred more to get better accessibility (by foot) or for cheaper studio / 1 bedroom option, go for hartamas instead