Sep 29 2020, 02:51 AM
QUOTE(DragonReine @ Sep 27 2020, 06:40 PM)
GRR scheme usually means there's problems selling off property and they're trying to entice foreign or naive investors by promising GRR income
Issue is that GRRs are gambles and income from GRR is not as guaranteed as the name implies
PropertyGuru link on GRR
Unfortunately Serene is sort of...not that interesting, for investment. It's more for ownstay but at that price point is very inaccessible to most local people and honestly got better properties with better location for RM700+ psf
Yep, I agree, Serene’s GRR is not appealing, honestly. It comes with a lot of terms & conditions and it reduces the amount of rebate available, so your entry price becomes high.Issue is that GRRs are gambles and income from GRR is not as guaranteed as the name implies
PropertyGuru link on GRR
Unfortunately Serene is sort of...not that interesting, for investment. It's more for ownstay but at that price point is very inaccessible to most local people and honestly got better properties with better location for RM700+ psf
I honestly don’t know why there’s GRR scheme in serene, as serene is definitely not for rental and investment.
I chose serene because it’s not that appealing for investors, want to stay peacefully without Airbnb, rental occupants, students, foreigners, etc around.
And yeah, there are a lot of other more properties at more accessible location at RM 700+ psf, which means more people would go there, less people going for serene - which again, it’s a plus point for serene for me.
Heck, you can even get something in sunway south quay at RM 700+ psf, and you’d get a real subway address.
So far the people I see going for serene are mostly families/older families, haven’t really seen much investors/for rental type of people.
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