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Condo investment, How long to hold
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JimmyJimmy
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 Jul 12 2017, 09:26 PM
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New Member
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QUOTE(Fortezan @ Jul 12 2017, 01:40 PM) Bukit Puchong is not really in the middle of nowhere, it is an ideal location for those who work in Cyberjaya, Putrajaya, KLIA/KLIA2...etc Not everyone in Klang Valley works in the city centre, different areas have their different target markets Agree! I stayed in bukit puchong 2 (rent) before and I really like the place..very calm & convenient to go to damansara, shah alam, klia, cyber, putrajaya etc..not everyone works in kl..there will be market fr ppl like me..im looking fwd to own a property there |
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SUSMNet
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Jul 12 2017, 09:36 PM
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QUOTE(hioniq @ Jul 12 2017, 02:27 PM) Rate quite low like 1k only, unless I find good tenant else I wont rent. The rental might not enough to recover for the damage done and I hv to put in effort to manage the tenant. Not worthy. For now I feel the best is for own use only what is the condo name? |
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AskarPerang
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Jul 12 2017, 09:42 PM
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QUOTE(MNet @ Jul 12 2017, 09:36 PM) first page first post my friend |
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JimbeamofNRT
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Jul 2 2020, 12:43 AM
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QUOTE(Fortezan @ Jul 12 2017, 01:40 PM) Bukit Puchong is not really in the middle of nowhere, it is an ideal location for those who work in Cyberjaya, Putrajaya, KLIA/KLIA2...etc Not everyone in Klang Valley works in the city centre, different areas have their different target markets 3 years and TS still kenot sell or find anyone who can rent his unit now market going down , rental around rm950 https://forum.lowyat.net/topic/4988813 |
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cy91
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Jul 2 2020, 07:14 AM
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QUOTE(hioniq @ Jul 7 2017, 03:37 PM) Many told me property make more money rather than put your money in bank - inflation, low interest, currency dropped, blabla. Hence I also try to invest and hope able to gain in next few years. For now just tighten the belt and patiently wait. Tropicana city studio also can fetch 600k plus, why cant my studio get 450k? Just time only and it is freehold so no worry to hold. at 450k u could have bought a double storey near that location  |
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ayamxxx
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Jul 2 2020, 09:11 AM
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QUOTE(cy91 @ Jul 2 2020, 07:14 AM) at 450k u could have bought a double storey near that location studio room how much to rent out? rough guess at rm1k max This post has been edited by ayamxxx: Jul 2 2020, 09:11 AM |
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stchoong
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Jul 2 2020, 10:11 AM
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Getting Started
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Wow, interesting story, i crawl through this 7 pages thread + kopitiam's 13 pages on TS's story.
Btw, hioniq, mind to share what's ur actual plan for now? Studio only selling for RM330K on iproperty, with negotiation probably down to 300K.
And rental seems unfavourable and u don't want to manage tenants
Kopitiam that post already off-topic discussion, so i ask & kepoh here.
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SUShioniq
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Jul 2 2020, 11:01 AM
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Getting Started
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QUOTE(stchoong @ Jul 2 2020, 10:11 AM) Wow, interesting story, i crawl through this 7 pages thread + kopitiam's 13 pages on TS's story. Btw, hioniq, mind to share what's ur actual plan for now? Studio only selling for RM330K on iproperty, with negotiation probably down to 300K. And rental seems unfavourable and u don't want to manage tenants Kopitiam that post already off-topic discussion, so i ask & kepoh here. Cont hold and fully settle the loan, reserve the condo for own use |
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stchoong
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Jul 2 2020, 11:52 AM
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Getting Started
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Well, seems MCO did not affect ur job, so u r able to continue to pay for the next 10 20 30 years. Keep it up.
Anyway, if u have children, it wont be a good choice for own use too
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SUShioniq
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Jul 2 2020, 01:07 PM
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Getting Started
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QUOTE(stchoong @ Jul 2 2020, 11:52 AM) Well, seems MCO did not affect ur job, so u r able to continue to pay for the next 10 20 30 years. Keep it up. Anyway, if u have children, it wont be a good choice for own use too Luckily no, my fund can sustain 30 months installments if loss job so no stress at all |
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JoeK
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Jul 2 2020, 01:40 PM
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QUOTE(hioniq @ Jul 2 2020, 11:01 AM) Cont hold and fully settle the loan, reserve the condo for own use already 3 years liao. at 2k per month, you already spent 72k just purely on holding the property only.  if want to sell, need to make sure your original price (373k) + your cost (72k) = 445k then only can breakeven This post has been edited by JoeK: Jul 2 2020, 01:41 PM |
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SUShioniq
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Jul 2 2020, 01:56 PM
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Getting Started
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QUOTE(JoeK @ Jul 2 2020, 01:40 PM) Impossible, if I can offload this I will buy landed with hoc20. But I think nearly zero hope, so just cont hold condo and build up cash pool |
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JoeK
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Jul 2 2020, 01:59 PM
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QUOTE(hioniq @ Jul 2 2020, 01:56 PM) Impossible, if I can offload this I will buy landed with hoc20. But I think nearly zero hope, so just cont hold condo and build up cash pool if continue holding, then you will be burning even more money  |
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Zwean
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Jul 2 2020, 02:24 PM
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QUOTE(hioniq @ Jul 2 2020, 01:56 PM) Impossible, if I can offload this I will buy landed with hoc20. But I think nearly zero hope, so just cont hold condo and build up cash pool Why don’t you just cut loss |
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mini orchard
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Jul 2 2020, 02:51 PM
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In property investments, one should never be emotionally attached to the property.
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cy91
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Jul 2 2020, 02:54 PM
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QUOTE(Zwean @ Jul 2 2020, 02:24 PM) Why don’t you just cut loss Cut loss also need to be able to find a buyer only u can cut leh... how? I think studio unit at this sqft and this area, at most I am willing to pay for 300k that also consider generous already |
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Zwean
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Jul 2 2020, 03:02 PM
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QUOTE(cy91 @ Jul 2 2020, 02:54 PM) Cut loss also need to be able to find a buyer only u can cut leh... how? I think studio unit at this sqft and this area, at most I am willing to pay for 300k that also consider generous already 300k ok what. Better than continue to fill a hole and leaving it empty. |
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cy91
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Jul 2 2020, 03:40 PM
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QUOTE(Zwean @ Jul 2 2020, 03:02 PM) 300k ok what. Better than continue to fill a hole and leaving it empty. If sold for 300k after agent fees and everything and clear loan of 340k maybe he still have a 50k hole to fill in for a bad decision in 2017. If he is rich and can afford it of coz continue to pay and rent out is better This post has been edited by cy91: Jul 2 2020, 03:41 PM |
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icemanfx
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Jul 2 2020, 04:05 PM
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COCR on property only works if can flip quickly else need to pump in more cash continuously.
leverage amplify profit as well as losses.
property is illiquid, not easy to cut loss.
if property price rise slower than loan interest incurred is financial loss.
negative cash flow could be more devastating than paper loss.
This post has been edited by icemanfx: Jul 2 2020, 04:10 PM
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Zwean
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Jul 2 2020, 05:06 PM
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QUOTE(hioniq @ Jul 2 2020, 05:05 PM) What troll? I wanna cut loss at 340k. If you willing to take over I will sell to you. Don't leave it empty and idle ba, best if you rent it out. |
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