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 Regretted investment

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Kelapa Sawit
post Jul 1 2020, 08:33 PM

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QUOTE(hioniq @ Jul 1 2020, 09:17 AM)
Believe or not up to you, is true story. Every year I have to pay cukai taksiran and fire insurance too. The first 5 years installment all gone into interest - average 1k interest per month so the principal not moving. So I already paid 60k interest to bank and now the condo has to sell at loss. I wanna release it so can have peace of mind at least less burden
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Ayam believe.

I'm facing the same. Mine drop by almost 100k from my purchase price. And this the price where people will only started to look at.

Yours tenant-able? If yes, kasih sewa keluar dulu.
blek
post Jul 1 2020, 08:40 PM

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QUOTE(Juan86 @ Jul 1 2020, 08:31 PM)
house investment if you take loan from bank

its bank earning
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bank is and always been doing sure win business.
you buy or sell they also earn profit from the same property over and over again.
blek
post Jul 1 2020, 08:43 PM

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QUOTE(Kelapa Sawit @ Jul 1 2020, 08:33 PM)
Ayam believe.

I'm facing the same. Mine drop by almost 100k from my purchase price. And this the price where people will only started to look at.

Yours tenant-able? If yes, kasih sewa keluar dulu.
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not only you but they are a lot ppl like you in this property trap. just some got holding power to the unit or rent it out
focusrite
post Jul 1 2020, 08:45 PM

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i remember seeing people lining up to buy houses in puchong back in 2011
CHIP CN
post Jul 1 2020, 08:48 PM

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QUOTE(victorian @ Jul 1 2020, 09:06 AM)
Rent it out, as long as the rental can cover loan interest+maintenance fee you can break even.
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Sewa x leh nak cover loan pun...
victorian
post Jul 1 2020, 08:52 PM

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QUOTE(CHIP CN @ Jul 1 2020, 08:48 PM)
Sewa x leh nak cover loan pun...
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Can cover interest ok edi... if interest also cannot cover then your own fault for not doing your due diligence
SUShioniq
post Jul 1 2020, 08:55 PM

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Yes, I wanna dump this and upgrade to safiro which costs me million. I don't like too much stress, if this one can't sell no go for the safiro only. I save the money for travelling better
SUSLiamness
post Jul 1 2020, 09:00 PM

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QUOTE(JimbeamofNRT @ Jul 1 2020, 06:55 PM)
if follow Liamness advice sure can get rm2K rental one!!!!

nevermind the fact rental drop from rm1.1K in 2017 to rm950 now

https://forum.lowyat.net/index.php?showtopic=4350855&hl=
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You know what. After researching you are right. Puchong is a bad investment area.

Still though, ts can take my advice on board and try to rent out as much as he can. Then look for an exit strategy.

There might be some demand in the near term with bukit jalil opening. But it will take another 10 years before puchong will see any real growth.
gundamsp01
post Jul 1 2020, 09:07 PM

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QUOTE(kesvani @ Jul 1 2020, 08:15 PM)
Paper loss or real loss. Mine now paper loss stand at 11k++. Gkent and velesto KNN stock
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paper, sell now only get back few hundred
gu~wak_zhai
post Jul 1 2020, 10:28 PM

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i blame those flippers and gurus who encourage everyone to bbbuuu, making all projects sell like hot cake, then developer build more and more.

this is no different than subprime mortgage crisis in the US, but here more flippers kena than regular joes.
SUSUnstability
post Jul 1 2020, 10:34 PM

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QUOTE(MEngineer @ Jul 1 2020, 08:06 PM)
True true. Maybe I should just put up and advertisement first test market?
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I took a look at iproperty for kinrara and corner lot also at most RM1.8 mil la. Good luck with getting rm2.5 mil at the current situation.
bristlebb
post Jul 1 2020, 10:36 PM

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ayam tot pipu nowadays buy condo to stay

where can invest oh
asuka16
post Jul 1 2020, 10:45 PM

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Now is the time to kill all those flippers.
blanket84
post Jul 1 2020, 10:49 PM

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QUOTE(Unstability @ Jul 1 2020, 10:34 PM)
I took a look at iproperty for kinrara and corner lot also at most RM1.8 mil la. Good luck with getting rm2.5 mil at the current situation.
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2.5mill can buy 2 semi-Ds in new development outside puchong sweat.gif
SUSDaylight2018
post Jul 1 2020, 10:50 PM

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QUOTE(hioniq @ Jul 1 2020, 04:05 PM)
If you place 30k down payment to me I will reveal full details to you, else if you just busybody then don't ask too much
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Not an EPIC investment afterall
Hehe

QUOTE(MNet @ Jul 1 2020, 03:23 PM)
what condo name?
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QUOTE(JungWoo @ Jul 1 2020, 10:17 AM)
ts tell the condo name la
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QUOTE(hioniq @ Jan 10 2018, 10:48 PM)
Epic condo
624sqft (RM1,100)
-1 Bedroom
-1 Bathroom
-1 Car Park
-Immediate

PARTIALLY FURNISHED:
-Lighting
-Ceiling Fan (Living & Bedroom)
-Air Cond (Living & Bedroom)
-Dining table
-Grille (Main door)
-Door Bell
-Curtains & Railing
-Water Heater
-Mattress (King + Single)
-Sofa Bed
-Cloth Drying Rack

Facilities:
-Half-size Olympic Swimming Pool
-Wading Pool
-Changing room
-Jacuzzi
-Gymnasium room
-Reading room
-Game room
-Multi-purpose hall
-Nursery
-3 tier security system (Access card accessible to own floor only)
-24 hours security

Nearby Amenities:
-Taylor School
-SJK© Han Ming
-Tesco Bukit Puchong (Starbucks, Tealive & BurgerKing)
-Convenient stores (7-11 & Speed99)

Easy access to:
-LDP
-SKVE
-Putrajaya link
-MEX highway

Pay RM2,200 (1st and 12th months) to move in, no deposit

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This post has been edited by Daylight2018: Jul 1 2020, 10:51 PM
blanket84
post Jul 1 2020, 11:15 PM

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QUOTE(Daylight2018 @ Jul 1 2020, 10:50 PM)
Not an EPIC investment afterall
Hehe
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2 years on but still no takers?
hellkvr
post Jul 1 2020, 11:17 PM

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Better invest in blue chip stock.
Taikor.Taikun
post Jul 1 2020, 11:39 PM

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Rent out or play airbnb. Good luck.

Im also waiting for right time to sell
JimbeamofNRT
post Jul 2 2020, 12:16 AM

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QUOTE(MEngineer @ Jul 1 2020, 07:10 PM)
Here got many property guru 😂. No agent can beat LYN sifu
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u pay your agent fees, surely he/she can give best advice
JimbeamofNRT
post Jul 2 2020, 12:19 AM

the Original Lanji@_ Chicken Rice Shop Since 2002
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QUOTE(sidthesloth @ Jul 1 2020, 07:50 PM)
Pre mco it's 1.4k. Now 1.3k. I give my tenant free rental on April. My tenant is very good. Yemeni lady.
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I help one of my associate to find place to live around cyber back in 2018 and ur condo range was around rm1.3K, but again depends on the unit itself

yemeni lady emmm... sounds gooding tongue.gif
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