Hey, polapolap, ask yr customer don't spoil market lar!
Why he/she want to sell below auction price?

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Added on January 6, 2012, 10:58 am
My unit rented out for RM 2,600 per month fully furnish 995 sqft 20th floor. So its pretty good for me, Quite decent yields too...no intention to sell unless its >RM 500k.

Over RM 30k.
But even some reno was done by my myself and my relative.

Coz i did not rent to students or go through agents.
Usually agents are the ones that push the prices down coz they want an easy job and easy money.

For e.g. Upon listing, if someone people want to rent and especially for very fussy renters, these agents just say to the owner "oh, market rate is only RMxxxx, so take it or leave it."

They don't want to waste time negotiating on your behalf since they only take like 1 months rent commission which amounts to very little only.
They rather focus more on selling and buying houses which could get like 2% of property prices....more money....it's always about the money....

Yes I'm renting to expat.
No, its not difficult to find, if you know where to look

All you need is patience and renting to students is a sure way to devalue yr unit price and destroy yr unit reputation.

Wahh. 995 sq feet can fetch RM 2,500 per month. It's very very good edy.

Most of my friends only collect RM 1,800 to RM 2,000 per month but unfurnished. But they still can consider it is a good ROI due to they bought it at RM 230-260k during launching time few years back.

If can fetch RM 2,500 per month easily ... then RM 420k is a very very good buy.

I expect IM have very great appreciation in next 3 years after the completion of Da Men ( who selling RM 700-850 psf ) and PJD's Tribeca is coming.

Yup, agree. A lot of tenants willing to pay additional RM 500-700 even just for simple furnishes like sofa, tv cabinet, dining table, air cons, beds and wardrobes.

I am comparing Impian Meridian with USJ One Avenue and The Zest for short term staying 3-5 years and will flip after 3-4 years. All about the same range of RM 400-450k.

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Added on January 6, 2012, 4:24 pm

Actually, most students at Subang Jaya / Sunway willing to fork out RM 2,500 or RM 3,000 rental. Most of them from Taylor's, Monash, Metro and Sunway Col. So, they are from expat or richer family.

For those foreigners, the currency here is cheap for them and they always opt for service apartment due to new and convenience. Ex. E-Tiara, Casa Tiara and Subang Avenue.

Imagine,
Sunway Suria Mas Condo, selling approx RM 200k during construction and RM 220k upon key handover in Aug 2009, the price shot up to RM 360k in early 2011 and RM 420k now.

Rental? Market rate RM 2,000 unfurnished and my friend offer a China man for RM 2,500, the feller take 1 second to reply, ok no problem.