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Investment Rampai Court, for investment

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TSmacdaniel
post Apr 10 2020, 10:26 AM, updated 6y ago

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Hi Guys. Want to ask if want invest in Setapak area Rampai court is it worthy for invest? Have 2 room 1 bath and access card entry parking price around rm210k to 300k depend furnished or not.
That area easy to rent out? hope can heard some sharing from who had stayed there before or still staying there thank you very much.

TSmacdaniel
post Apr 10 2020, 05:57 PM

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QUOTE(AskarPerang @ Apr 10 2020, 11:07 AM)
Medium cost apartment with lift, security and own dedicated parking slot.
Rental RM1000 to RM1200 depending on furnishing.
Actually at that area cannot get any other places to rent with that price if you want just a small place to stay (except low cost flat).

Anyway do read up this thread for more info: https://forum.lowyat.net/index.php?showtopic=4524902
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This case I heard before, but till now still haven’t take over. Only can said that rampai court valley on the land freehold.

This post has been edited by macdaniel: Apr 10 2020, 05:57 PM
TSmacdaniel
post Apr 10 2020, 05:59 PM

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QUOTE(tsg_7 @ Apr 10 2020, 11:23 AM)
yeah, agree on this. i think due to LRT accessible issue, the rental price wont go up any further from this.
unless property market boost up kaw kaw.
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Market boost up kaw kaw need to take few years somemore now under MCO economic sure not good.
TSmacdaniel
post Apr 11 2020, 09:33 PM

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QUOTE(tsg_7 @ Apr 11 2020, 02:12 AM)
yeah. but if you got substantial of spare cash, put one side for emergency use. make sure is enough at least to estimate this MCO to last till end of June,
and the other spare still have downpayment, why not start to look around and start buying?
i believe by that time you get the key, the MCO already ended and you can start clearing up the house and look for tenant.
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Not many space actually.. that y need to
Know more about this.. don’t really want make wrong decision.. anyway thanks for ur ideas
TSmacdaniel
post Apr 11 2020, 09:35 PM

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QUOTE(DesRed @ Apr 11 2020, 10:38 AM)
This and the Kudalari condo case are good examples of why developers tend to shun redeveloping private projects. Our law still states that 100% agreement is required in order for redevelopment on an old project to proceed. Even the HBA insists on this.

Govt flats, on the other hand, don't have such requirements as all of the residents living there are renters and not owners. The redevelopment of the Sri Pahang flats by SuezCap into Bangsar HillPark is one example, followed by SP Setia's redevelopment of the Jln Ikan Emas flats in Cheras, which I believe haven't taken off yet as I haven't heard much about it after the announcement a few years ago after a deal was inked between DBKL and the former.
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I see. This more clear, thanks for ur explanation.

 

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