depends on the location
Is buying a serviced residence a good investment?
Is buying a serviced residence a good investment?
|
|
Feb 7 2020, 10:00 AM
Show posts by this member only | IPv6 | Post
#1
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,159 posts Joined: Mar 2019 |
depends on the location
|
|
|
|
|
|
Feb 7 2020, 10:36 AM
Show posts by this member only | IPv6 | Post
#2
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
10,536 posts Joined: Jul 2008 |
Find out the monthly maintenance cost first. Strategic location would be a plus point for potential tenants.
|
|
|
Feb 7 2020, 11:17 AM
Show posts by this member only | IPv6 | Post
#3
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,382 posts Joined: Jan 2011 From: Lahad datu |
|
|
|
Feb 7 2020, 12:43 PM
Show posts by this member only | IPv6 | Post
#4
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
9,616 posts Joined: Dec 2013 |
No
|
|
|
Feb 7 2020, 12:45 PM
Show posts by this member only | Post
#5
|
![]() ![]() ![]() ![]() ![]()
Senior Member
937 posts Joined: Jun 2006 |
i bought sunway avila for weekend getway.
|
|
|
Feb 7 2020, 12:56 PM
Show posts by this member only | Post
#6
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,078 posts Joined: Jun 2007 From: Abu Dhabi, UAE |
|
|
|
|
|
|
Feb 7 2020, 01:34 PM
Show posts by this member only | IPv6 | Post
#7
|
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]()
All Stars
21,456 posts Joined: Jul 2012 |
Based on data from the National Property Information Centre’s (Napic) Unsold Property Enquiry System Malaysia (UPESM), there was an overhang of 50,008 overhang residential units worth some RM33.96 billion in the country as at the third quarter of 2019 (3Q2019). They include both residential- and commercial-titled housing, namely terraced homes, detached houses, apartments, condominiums, serviced apartments and Small-office Home-offices (SoHos).
Of the total, the non-landed sub-sector tops the list with serviced apartments (17,459 units) as well as apartments and condominiums (13,630 units) taking up more than 60%. According to the UPESM data, overall, there were 112,244 units and 25,114 units of unsold property under construction and unsold unconstructed property as at 3Q2019 respectively, worth more than RM23 billion in total. https://www.edgeprop.my/content/1638530/wha...operty-overhang As if poorperly overhang is not a concern. This post has been edited by icemanfx: Feb 7 2020, 02:17 PM |
|
|
Feb 7 2020, 02:59 PM
Show posts by this member only | Post
#8
|
![]() ![]() ![]()
Junior Member
428 posts Joined: Aug 2018 |
QUOTE(Womyai @ Feb 7 2020, 09:57 AM) With so many new projects recently, do you think it will be a good investment? The location is strategic, near to offices building, shopping malls etc and it is freehold. But quite small la, less than 1000 sqft price around 600k. you also have to factor in competition. cause you're not the only one buying for investment. some can do long term rental some go for short term stay. what type of tenant you looking for. what makes your unit more attractive than other projects in the vicinity which probably has lower entry price assuming you buying undercon, or even other units from the same project. what is the range of rental in the area. a lot of developer sales agent said its very close to amenities etc etc but how close is close? some driving distance also can say is close. you need to answer yourself these questions lor. good investment for everyone is different. chocolate is desserts for people but poison for dog. being freehold doesnt really promise anything also. being highrise, chances of it lasting more than 90 years. hmmmmm. it only enable developer to charge you more. thus higher entry price. if gomen wanna take over your land pun freehold leasehold is the same. "The location is strategic, near to offices building, shopping malls " but in the grand scheme of things is it close to city center or other high population area? it also didnt guarantee your return if mall and office is half empty. |
|
|
Feb 7 2020, 03:28 PM
Show posts by this member only | Post
#9
|
![]() ![]()
Junior Member
134 posts Joined: Oct 2019 |
QUOTE(SongChiang @ Feb 7 2020, 03:59 PM) you also have to factor in competition. cause you're not the only one buying for investment. some can do long term rental some go for short term stay. what type of tenant you looking for. what makes your unit more attractive than other projects in the vicinity which probably has lower entry price assuming you buying undercon, or even other units from the same project. what is the range of rental in the area. a lot of developer sales agent said its very close to amenities etc etc but how close is close? some driving distance also can say is close. you need to answer yourself these questions lor. good investment for everyone is different. chocolate is desserts for people but poison for dog. this is probably one of the most legitimate answer i ever heardbeing freehold doesnt really promise anything also. being highrise, chances of it lasting more than 90 years. hmmmmm. it only enable developer to charge you more. thus higher entry price. if gomen wanna take over your land pun freehold leasehold is the same. "The location is strategic, near to offices building, shopping malls " but in the grand scheme of things is it close to city center or other high population area? it also didnt guarantee your return if mall and office is half empty. |
|
|
Feb 7 2020, 04:00 PM
Show posts by this member only | IPv6 | Post
#10
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
2,106 posts Joined: Jul 2018 |
|
|
|
Feb 7 2020, 05:16 PM
Show posts by this member only | IPv6 | Post
#11
|
![]() ![]() ![]() ![]() ![]()
Junior Member
976 posts Joined: Jun 2006 |
QUOTE(Womyai @ Feb 7 2020, 09:57 AM) With so many new projects recently, do you think it will be a good investment? The location is strategic, near to offices building, shopping malls etc and it is freehold. But quite small la, less than 1000 sqft price around 600k. Give the exact project I think easier for ppl to give advice.😊 |
|
|
Feb 7 2020, 05:18 PM
Show posts by this member only | IPv6 | Post
#12
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,269 posts Joined: Dec 2019 |
QUOTE(SongChiang @ Feb 7 2020, 02:59 PM) you also have to factor in competition. cause you're not the only one buying for investment. some can do long term rental some go for short term stay. what type of tenant you looking for. what makes your unit more attractive than other projects in the vicinity which probably has lower entry price assuming you buying undercon, or even other units from the same project. what is the range of rental in the area. a lot of developer sales agent said its very close to amenities etc etc but how close is close? some driving distance also can say is close. you need to answer yourself these questions lor. good investment for everyone is different. chocolate is desserts for people but poison for dog. If properly maintained, a medium height high-rise of about 20 levels can last over 80 years. being freehold doesnt really promise anything also. being highrise, chances of it lasting more than 90 years. hmmmmm. it only enable developer to charge you more. thus higher entry price. if gomen wanna take over your land pun freehold leasehold is the same. "The location is strategic, near to offices building, shopping malls " but in the grand scheme of things is it close to city center or other high population area? it also didnt guarantee your return if mall and office is half empty. Many low-medium rise apartments in Australia > the age of 80 years. The key is proper maintenance. |
| Change to: | 0.0154sec
0.32
5 queries
GZIP Disabled
Time is now: 8th December 2025 - 02:42 PM |