QUOTE(balistafear @ May 23 2017, 05:30 PM)
Seen the discussion above and like to add a few points:
1. Don't be selfish and invest in RUMAWIP. RUMAWIP is for own stayers. It's the governments initiative to address the younger generation's affordability housing issue. Yes, it may be in the RM200k-300k range. Yes, you may be lucky and operasi didn't catch you and end up renting for +cashflow. But remember one thing - for every one of you who does that, you might deprive another young married couple with a kid a house to call their own. Could have be one of our friends from primary school too, who knows. If you can afford to invest, then do it properly by creating value for future tenants, not by creating competition to genuine homebuyers. Just my 2cents. FYI, RUMAWIP required 10% downpayment. I've met clients who wanted to ballot for house but when asked to prepare RM30,000 cheque, all diam already. RM30k isn't small money.
3. Cyberjaya - I've a client purchased a property 290k and marked up to 380k for a clean 60k cashback (after minus legals etc). Recycled the money into ASB while he thinks what to do with it. That said, on a macro level, Cyberjaya aside from a handful of properties and a handful of strategies, for the most part the place is doing badly. Unless you can make 60k cashback as per above or other equally good winning strategies, I see very little reason to venture into Cyberjaya units.
anyway there is no actual clause in SNP to forbid you from rent it out.... its just a general statement in the rumawip website... and also it provide more option in the rental market with affordable condo with facilities with decent rental rate... private projects with facilities... cincai also need 400k above... some maybe 500k above for a 900 sq ft.... for those who cant afford the downpayment to own a house... rent is the only way.... and if you cant save downpayment... pls dont buy a house... even if its zero down.... otherwise can only stay in with tilam aje... since i doubt they can save for renovation fees...1. Don't be selfish and invest in RUMAWIP. RUMAWIP is for own stayers. It's the governments initiative to address the younger generation's affordability housing issue. Yes, it may be in the RM200k-300k range. Yes, you may be lucky and operasi didn't catch you and end up renting for +cashflow. But remember one thing - for every one of you who does that, you might deprive another young married couple with a kid a house to call their own. Could have be one of our friends from primary school too, who knows. If you can afford to invest, then do it properly by creating value for future tenants, not by creating competition to genuine homebuyers. Just my 2cents. FYI, RUMAWIP required 10% downpayment. I've met clients who wanted to ballot for house but when asked to prepare RM30,000 cheque, all diam already. RM30k isn't small money.
3. Cyberjaya - I've a client purchased a property 290k and marked up to 380k for a clean 60k cashback (after minus legals etc). Recycled the money into ASB while he thinks what to do with it. That said, on a macro level, Cyberjaya aside from a handful of properties and a handful of strategies, for the most part the place is doing badly. Unless you can make 60k cashback as per above or other equally good winning strategies, I see very little reason to venture into Cyberjaya units.
cyberjaya is indeed oversupply for investment... the few hotspot rental rate also coming down already.... with more project VP in the coming years... rental rate will keep going down trend... cap appreciation for condo there basically nothing much to say already....