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 RUMAWIP, Against rental

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AskarPerang
post Mar 26 2018, 01:00 PM

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QUOTE(corleone74 @ Mar 26 2018, 12:53 PM)
You cannot reasonably cap subsale price in a free market

But they can restrict the profile of buyer.

Means u can only resell to buyer who is without any property, or below a certain income , and you can restrict usage.. All buyer even sub sale must stay min 5_ year cannot rent out.

Aiya very easy la just go Singapore HDB website follow the rules there. Sudah ada manyak contoh contoh and precedent everywhere , bukan nya so complicated !!

But since this is maresia the rule is like angin tiup sini situ rules pun tukar
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Like you say Malaysia is unlike Singapore.
PR1MA already reduced the restrictions from 10 years to 5 years.
And already got cases RUMAH SELANGORKU sold via the lelong market. Price follows the market demand.
AskarPerang
post Mar 26 2018, 03:07 PM

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QUOTE(danielmckey @ Mar 26 2018, 03:01 PM)
When the logging in and out not match, this will caused suspicion from management.
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Normally Car Park will come with anti passback system, you clone also no use. Yes for your statement above, Car Park access card cannot use clone cards.
But for normal in out access card, normally people will just clone. Especially if you rent out exceeding the normal allowable occupants in that unit.
AskarPerang
post Mar 30 2018, 09:38 PM

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Yet another newly completed PPA1M following by renting out.
Good luck to the rental market.

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AskarPerang
post Apr 5 2018, 02:24 PM

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QUOTE(m0n0p0ly @ Apr 5 2018, 01:07 PM)
Sad! All rent below installment 30-50% negative cash flow every month, last until auction the unit..no wonder economy very bad now
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Nope. Wont be negative cash flow coz their entry price already so cheap. Here an example of calculation:

1000 sqft, rental RM950.
Bought at 150k.
Yield = 7.6%

Assume taking government loan, 4% 30 years, monthly repayment RM716.
Monthly maintenance fees at 0.15 psf + 10% sinking fund = RM165
Positive cash flow monthly = RM 69 (but if add in yearly fire insurance, cukai, etc, this will be gone. so just break even only)

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AskarPerang
post Apr 5 2018, 02:55 PM

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QUOTE(BEANCOUNTER @ Apr 5 2018, 02:52 PM)
Really 1000sq bought at 150k?
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Yes. http://www.rawangpost.com/2015/02/projek-p...wat-awam-1.html

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AskarPerang
post Apr 5 2018, 06:17 PM

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QUOTE(trust4you @ Apr 5 2018, 05:57 PM)
the one by desa park city is a steal. those who get that, huat ah!
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If your main purpose buying this affordable housing scheme project is for investment, then the brickfields one is the best. Almost similar prices and sizes as the above ppa1m bukit jalil. Rental hot spot.

That ppa1m in dpc one is better for own stay.
AskarPerang
post Apr 6 2018, 07:51 AM

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QUOTE(zugzwang @ Apr 5 2018, 09:12 PM)
Just a hypothetical question :

What would happen if Rumawip goes under lelong? Can the public at large bid for it?
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Yes good point there and is a loophole to sell the rumahwip before the 10 years meratorium period ends. Just default in repaying your housing loan for minimum 6 months and let it fall under the hammer at market valuation.

Already got 2 transacted rumah selangorku units in lelong. With more rumahwip completing this year, will be interesting to see whether action will be taken to close this loophole. Which i doubt will happen. Bank, a money making place, of course just want to find another owner willing to take over the loan.

This post has been edited by AskarPerang: Apr 6 2018, 07:53 AM
AskarPerang
post Apr 6 2018, 11:53 AM

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QUOTE(DesRed @ Apr 6 2018, 11:31 AM)
I wonder for those who bought the lelong rumahwip/PR1MA/Rumah Selangorku/PPA1M units, are they still bound to the SPA rules of the original buyer (e.g. no sale/rent during 5 year period, rent to locals only, etc.) or will it be considered as a subsale unit where the new owner can do as he/she wishes? hmm.gif
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Nope. I dont think the new buyer will need to abide with the ex-owner SPA. Is just like a normal subsale unit thereafter.
AskarPerang
post Apr 8 2018, 06:06 PM

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QUOTE(vrek @ Apr 8 2018, 03:16 PM)
The SPA is based on HDA Schedule J. In the SPA, you can still sell within moratorium period, but excess/profit will be given back to Gov. Also, it is written that moratorium period continues to apply to the next buyer.
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Yup you are probably right. The government the one gonna take the profit from this. The ex owner gets nothing in the end if the units got sold under lelong before the restriction period ends.
AskarPerang
post Apr 15 2018, 12:24 AM

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Another RUMAHWIP added to the rental market. Razakmas completed 16 months ahead of schedule.
Aset Kayamas is firing hot at the moment.




Completed RUMAHWIP:
Pandanmas
Puchongmas
Sentulmas
Residensi Rampai
Razakmas

Completed PPA1M (KL):
PPA1M Bukit Jalil
PPA1M Metropolitan Kepong
AskarPerang
post Apr 21 2018, 04:40 PM

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Pandanmas 1. Only 700 units.
Now see the rental ads flooding the market: https://www.mudah.my/Malaysia/Properties-20...anmas&so=1&st=u
AskarPerang
post Apr 22 2018, 10:45 AM

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So rumahwip = modern day PPR flat to be?
AskarPerang
post Apr 22 2018, 11:24 AM

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QUOTE(SongSongLai @ Apr 22 2018, 11:00 AM)
They say Rumahwip cannot rent out but never hear our government say how to control it, Rumahwip cannot stamping tenancy agreement so if owner rent out the risk is there, end up worst come to worst rent to illegal workers who willing pay high rental and 20-30 people stay inside..they build many affordable houses but never think of how to create a better community/neighborhood..mid range condo throw price confirm cannot flight with affordable house, throw price only can depreciate the condo value, drop the living conditions..they really need to think wisely, set the right price and rent to the right person..if you create a Econsave/Giant environment, confirm difficult to attract BIG/Jaya Gracer customer to come
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These affordable housing scheme never meant to target those "Jaya Grocer" type of ppl. Yes is targeting "Econsave/Giant" type.

Will not affect luxury condo category.
Will only affect mid range condo price 400k-600k.
Will also affect medium cost apartment price at 300k today.
Will affect low cost apartment that is overprice at 200k today.

Reason is rumahwip located at prime location and price at 300k come with condo facilities on par with other projects selling at 400k-600k.


AskarPerang
post May 20 2018, 05:05 PM

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Under the new government, I wander why nobody complain yet people being renting out rumahwip and PPA1M project openly. Or maybe legally there is no wrong doing since the renting restriction not stated clearly in the S&P?

Now is the best chances to file in your report if you are not satisfy before this.
Especially those project tagging affordable homes under the same development such as:
Parkhill residence vs PPA1M Bukit Jalil,
The Holmes vs Residensi Razakmas,
The Parc Tower vs Residensi Rampai


AskarPerang
post Jul 24 2018, 05:58 PM

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New government when want to take action? Plenty of ads.

Pandanmas: https://www.mudah.my/Malaysia/Properties-20...anmas&so=1&st=u

Puchongmas: https://www.mudah.my/Malaysia/Properties-20...ngmas&so=1&st=u

Sentulmas: https://www.mudah.my/Malaysia/Properties-20...ulmas&so=1&st=u

Razakmas: https://www.mudah.my/Malaysia/Properties-20...akmas&so=1&st=u

PPA1M Kepong / Bukit Jalil: https://www.mudah.my/Malaysia/Properties-20...PPA1m&so=1&st=u


AskarPerang
post Sep 29 2018, 02:05 AM

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QUOTE(Deathscythe@@ @ Sep 28 2018, 10:16 PM)
So fast rent out ady. Buying low price and rent out at high price. No need pay and get the house free after 25-30 years? Wow
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Still an unclosed loophole. New government prefer aim to take down Ku Nan dodgy land approval but not this.

Rakyat voted them so better dont enforce something againts these rakyat.
AskarPerang
post Oct 5 2018, 12:08 AM

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QUOTE(planc @ Oct 4 2018, 09:38 PM)
30+ KL rumawip projects in the pipeline..all super highdensity..all selling well? Heard one PP1AM at kaptong super location also not selling well, ask them increase salary better!
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Which rumahwip in kepong not selling well?
I can see all prime location. Only possible is left bumi unit of course. Kepong is chinese area. Malay mana mau stay there.

Enesta hot. 300k low density condo.
Kepongmas 2 hot. 198k only.
What else? Kepongmas 1 already sold out long time ago.

P/s: sorry just saw is about PPA1M not rumahwip. Only got 1 PPA1M metroplitan. Sold out long time ago before completion. End product a lot better than Aset Kayamas project.

P/s: or you mean PPA1M Sofiya at DPC, Kepong?

This post has been edited by AskarPerang: Oct 5 2018, 12:11 AM
AskarPerang
post Oct 28 2018, 09:01 PM

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Here you go, one level up now by doing airbnb / homestay.

RUMAHWIP / PPA1M, cater for first home buyer, as their first home to stay.

But look here:
Sentulmas: https://www.airbnb.com/rooms/27128458
Pandanmas: https://www.airbnb.com/rooms/28209578
Puchongmas: https://www.airbnb.com/rooms/26692697

PPAM Kepong: https://www.airbnb.com/rooms/27837127
PPAM Bukit Jalil: https://www.airbnb.com/rooms/27638290


Haha. People fully exploit these affordable housing now. devil.gif
AskarPerang
post Oct 29 2018, 09:52 PM

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Just taking the conclusion part:

CONCLUSION
The affordable housing remains a credible threat to the open rental market as there’s zero enforcement in this country as of now.
The most affected segment will be the $300-500k condominiums which offer similar facilities to an affordable housing. Condominiums beyond $600k in Tier 1 areas normally has its exclusivity amenities and neighbourhood, thus, the effect will be minimal.
AskarPerang
post Nov 7 2018, 09:33 PM

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Here to add to the list. Ppl renting out PR1MA openly also now.
Look at this: https://www.mudah.my/Malaysia/PRIMA+ALAM+DA...DAMAI&so=1&st=u

So copy paste back from all over other places:

Pandanmas: https://www.mudah.my/Malaysia/Properties-20...anmas&so=1&st=u

Puchongmas: https://www.mudah.my/Malaysia/Properties-20...ngmas&so=1&st=u

Sentulmas: https://www.mudah.my/Malaysia/Properties-20...ulmas&so=1&st=u

Razakmas: https://www.mudah.my/Malaysia/Properties-20...akmas&so=1&st=u

PPA1M Kepong / Bukit Jalil: https://www.mudah.my/Malaysia/Properties-20...PPA1m&so=1&st=u

This post has been edited by AskarPerang: Nov 7 2018, 09:34 PM

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