hi all sifu, is this project worth to invest?

http://www.greenfieldresidence.com.my/

Sucker is born every second in this world.

Assuming RM373k 30yrs loan @ 4.5% = 1 month 1.9k installment. Saw in another thread saying management fee is RM0.42. so one month need to bleed RM2100++ (RM1900 + RM262).

If wait 5 years and sell @ RM500k. RM373k + RM126k (5 years installment and not renting out). Congrats. You will earn Rm1k nett **meaningful profit**

its more meaningful to calculate rental yield now based on property price than looking at the installment liao... haha... no matter what he these few years need to bleed alot of cash flow anyway... gain or loss is another matter.... the rental yield if able to cover interest at least... he consider as getting the property at cost level liao disregard the transaction expenses...

0.42 include GST yet?

The maintenance fee on serviced apartments and SoHos are also subject to GST and there are no discounts of exemptions unless a unit fulfils the conditions by the customs department and is treated as residential property. Only then is the maintenance fee on the unit no longer subject to GST.
https://www.theedgeproperty.com.my/content/...tled-residences



This post has been edited by elmond: Jul 7 2017, 05:04 PM

So just need to lower ones expectations and rent out at average 1k per month,then at least got 60k gain.

[quote=aaron1717,Jul 7 2017, 03:58 PM]
its more meaningful to calculate rental yield now based on property price than looking at the installment liao... haha... no matter what he these few years need to bleed alot of cash flow anyway... gain or loss is another matter.... the rental yield if able to cover interest at least... he consider as getting the property at cost level liao disregard the transaction expenses...

[/quote]

[/QUOTE]No plan to rent as I dun wan the hassle of managing tenant.[QUOTE]

Bro. My calculation based on owner unwillingess of managing tenant.

Ur calculation so funny, 5 yrs serving loan the loan amount already reduced. So how can u deduct the loan amount 126k from selling price 500k?? No one can predict the future, just patiently wait for few more years. The nilam putri built by bujit hitam also fetch handsome profit in case you dun know

Just a simple/straight forward calculation bro. No argument there bro. Just best to rent it out. As you said, no one can predict the future.

are you in IT industry?? loan serving is part of expenses, need to deduct out to get the net profit...

I not in IT, I hv faith to my own investment. Only time can tell.

Good mind set, since you have invested, so chances to gain 100k or more still there, just bear in mind that lose 100k also possible. haha

if and only if 5 years later able to reach the price of 500k.

Your investment also so funny. Your comparison with Tropicana studio also so funny.

Erm. TS we are just giving our opinion since you open this thread and seeking peoples advise. Since you have fate to your investment then why you still open this threat

why property price could increase 100k or as high as 500k,

1) No gain Tax
2) property installment dropped as high as 60%*
3) could save up to 8k income tax.
4) household debt stand at 60%
5) limited supply**

*lending rate dropped from 10 to become 4, a cleaner can't buy condo in 2007 buy able buy in 2009, installment dropped from 6k per month to 2k++, they even want sona facility in the condo
** whoever went through the 1997 crisis should know why the supply is limited during that time.

during that time, location*3 mean nothing, cause all the property increase at least 100% to 300%, guarantee profit.

as for now, all the factors mentioned above are no longer exits, instead gov and bank negara implement measure to curb the property investment, worst still interest rate is no longer at lowest and slowly climb up in future, the only hope is ...you know i know lah. This make property investment become very high risk and not lucrative as last time.

This post has been edited by Nikmon: Jul 7 2017, 06:02 PM

Let me give you another perspective - Nilam Puri Condo nearby. Renting at RM1,400 for a 1000++ sqft. How much you are looking to rent for a studio? RM1k?

All those booming Prima and Rumahwip selling way below RM500k for bigger unit and better location are completing in the next few years.

You still looking to sell after 5 years for RM500k at RM800/sqft in this location?

Good luck bro.

Can fetch 450k ? Now even a new condo in jalan ampang is only selling studio at 299k.

You cant compare 10 to 20 yrs old apartment with brand new mid end condo. The facade is nice and build quality is fantastic. Some of your opinions are useful, but we shall see in next few years depending how bukit hitam to develop this area

First 10 years installment mostly goes to bank interest.

And ts want leave it vacant.... Jialat.

This post has been edited by HELLO HELLO: Jul 7 2017, 07:58 PM