Ts has his own thinking ask for opinion but doesnt take what he doesnt like to hear. Dont waste time here guys

Yer can cover half (50%)also ok..

I dont want to reply actually as you seem to be very positive. But overly defensive doesnt help or are you an inexperienced young lad. Anyway please, keep an open minded and learn from sifus here. Sorry to tell you, location wins over age of a property. Just like men as they get older, they are wiser! A wrinkled woman is more real than a hot chick. Jln Ampang vs Bukit Puchong seriously he only gave you an example.

You have 2 options, lower your selling price but bear in mind you might not even get any buyers and/or secondly rent it out (this is the best you can do) but it sounds like you want to stay there so best of luck.

Just wasted. Over and out.

https://forum.lowyat.net/topic/3625807

an example studio at Jalan Ampang which the price below your so call mid end condo

oppss wasted my time chiao now

Rent out studio?
Know how much $$ to fully furnished? Sure investment can recoup?

Epic puchong as mid end condo.....laugh die me.

Give me kudalari anytime vs new pavilion dsara.

Ok ok, thanks all for ur advices. For now I prefer to go there overnight once awhile and use the facilities like my personal hotel. Can take my own sweet time to slowly renovate it bit by bit to make it as second home.

You think it is bad location and low end condo, but I like it. If cant sell then I can continue serve loan till end and move there after retire.

Smart respond to those offensive repond here,

When everything else faiils.....keep as holiday home loh ..

Hear it agsin n again.......

since you are open to advise maybe i insert some of my 2 cents

there is a thin line between buying what you like and buying what is viable for investment.
Some buyers bought a property base on emotion and fall into the trap.

Buying an investment property is about picking a property based on the market potential. Buying for own stay is based on what you like and what make you happy.
of course, sometimes both co-exist.

Falling in love with your property might cause you a life time in terms of debts and financial freedom.
since you are saying you have other commitments, so you might want to think about it.

sometimes we just have to treat it as a business, if its not viable anymore, just have to cut it and move on. take it as a lesson learned.
You may find other better opportunities in the future. But holding on the old property might just holding you back from getting the new opportunity.

Good luck.

This post has been edited by twincharger07: Jul 7 2017, 11:21 PM

agreed.... come here just to debate/rebute other sayings and speak out his opinion... might as well just open a thread on his own opinion about property market and close the thread....

in his defence. admitting mistake is a bitter pill to swallow. god knows we all did it at least once

nobody can answer that question for you, how long you need to hold. Because nobody knows how the market will turn. If you can rent it out, even cheap cheap, then Rent it out and get some money back. This is the best and only financial recourse you have at the moment. Consider yourself lucky that you can probably find a tenant. There are some projects in Malaysia, absolutely you can't find a tenant.

of course, what you actually want to do with it (holiday home etc) is your own call.

I know of a serial investor (multiple properties around Malaysia) once told me that one must enjoy the whole process of buying property. He also told me some of his properties he leaves vacant because he goes for holiday once in a while and likes to stay in his own property whenever he visits. What i mean is that some people are doing so well, they prefer to buy instead of rent even when he stays only a few weeks a year. This particular guy he told me it's too troublesome to rent out some of his properties. However i know that his business is doing really well.

I agree with twincharger07, more units will come in and things might not be easier for you.

Sell or rent out, maybe select very good tenant only to minimize hassle.

Bizmen lain cerita....

All tks here said to rent out to rent out...

Even renting out also need indepth experience and hamding de. ..

Otherwise...u just throw good money after bad money....

For holidays home, one is better to buy in a scenery place e.g beach, hill, lake, etc and certainly not in concrete jungle.

This post has been edited by icemanfx: Jul 8 2017, 02:27 PM

Bro,they are helping you. There is 2 possible scenario after 5 years if you hold.
1)Very very positive scenario, If your unit can sell at 500k, you will earn nothing without rent and serve bank interest every month.
2)if can't fetch 500k, you will lose a lot without rent, so better to rent it out at least to cover some of your bank interest serve. Look for buyer at the meantime.

Better go and check how much interest serve on first 5 years, bank interest will be crazy if the longer you hold without rent, unless you bought by cash,Bro.

This post has been edited by Properlog: Jul 8 2017, 02:46 PM

Assuming loaning 370k for 30years with 4.5% interest, TS will be paying about rm80k worth of interest after 5 years while still owing the bank rm340k. (check amortization schedule). Maintenance fee might had amounted to rm18k in total for 5 years.

Transfer of title from Master title to strata title most likely will happen within the 5 years, that cost about RM10k

if selling thru agent, commission ~ 3% of selling price, thats RM15k

Thus total cost will be about rm80k+rm18k+rm10k+rm15k=rm123k

The break even price will be rm340+rm123=RM463k

I haven't add in utility bills and local council assessment fee yet.

Selling at RM500k might gain about RM30k. If the value fall below RM460k, most likely will be a loss.

__________________________________________

Scenario 2, if renting out for 5 years

RM1000 x 10months x 5 years will get you around rm50k of rent. (10months is used assuming commission paid to agent and certain months with no tenant)

The break even price will be RM463k-RM50k=RM413k.. this allow some margin before making a loss.'

Cheers

This post has been edited by twincharger07: Jul 8 2017, 03:48 PM

Good breakdown, Bro. Hope he can look at your figure.
Never hear anyone bought condo without rent for long term investment. Unless you are super rich with no care or bought as holiday house initially.Cheers👍

This post has been edited by Properlog: Jul 8 2017, 04:31 PM