Waw so hot this property.
ok la, let me summary all the thing.
Booster
1. KL metropolis (
link)
2. MRT 3 (Cancel, slowly wait may b got, hearsay the land oredi bought by MRT but dun knw when will revive back. you know politic. very like U turn now)
Bad thing
1. HTC
2. Highway
3. Cemetery
Surrounding Condo
1. Icon Residence 800+ psf (rental 2500 for 2r2b, 900sf)
2. Solaris Parq 1000+ psf
3. Dimmersione 900+ psf
4. Arte MK 800+ psf
5. Met 1 900+ psf
6. Agile Kiara 1000+ psf
Now, got group of ppl do bulk purchase with the developer. Rumor say can get 650psf, which is highly possible. Based on that group connection with the developer.
Launching price for the public will be rm800psf min.
If RM650psf,
2 bedroom : fr RM450k, around 700sf size
3 bedroom : fr RM550k ard 850sf size
How grading works? (copy fr guru)
CA - Capital appreciation
CF - Cash flow
.
🔹GRADE A
- CA : 20% upon completion (minimum 3 boosters needed)
- CF : positive. More than $300.
.
🔹GRADE B
- CA : min 10% upon completion
- CF : positive
.
🔹GRADE C
- CA : not much upon completion
- CF : breakeven
.
🔹GRADE D
- CA : no profit even if sold
- CF : negative up to $500
.
🔹GRADE E
- CA : lost of more than $100k upon selling
- CF : negative more than $1000
if you buy 700sf (2 Bedroom, 2 Bathroom)
RM450K
RM2k per month installment + RM250 maintenance = RM2250 per month
As you see Icon, 2b2b fully furnish can rent 2500-3000. by the time this property after 4 year newly build, gv rental no up. rent out rm2500-3k also. u earning 250-650 positive cash flow. So that y that grp say grade A
if you buy 850 sf (3 Bedroom, 2 Bathroom)
RM550k
RM2.5k per month installment + RM300 maintenance = RM2800 per month
rental ard 3k-3.5k, 200-700 positive cash flow.
In conclusion, if really can get RM650psf. is a good project despite all the pros. HTC, Cemetery. u live there meh. tenant mah. we investor, see number only.
keep and flip also good. if developer launching is 800psf. u oredi earn 150 psf.
And if so many investor in this property, there will have price war as well. you need to have hold at least 1-3 year. Due to too many investor. in order let the market adsorb all first. may b break even rent out, most worst case. but still a good project in deed.
This post has been edited by cliffekent: Dec 2 2018, 06:41 PM