I do the calculation, owe bank 340k, if manage to sell I can get back arnd 310k means I hv to top up another 30k to fully settle the loan. If add in the 5 years installment I think lost 100k

not just rent out. if more than 5 years, should also consider refinancing the home loan. Get a fresh 35 year loan, to lessen monthly commitment. If TS can rent out the condo for 2k, he will already fully cover the loan + maintenance fee..

my brother's condo next to paradigm mall still unsold.

location doesn't matter now. where also cannot sell

?? you don't understand the property game..

TS already been paying his outstanding loan for 5 years already.. if the condo was 500k, & he took a 450k loan, in 5 years, the loan outstanding balance is now 340k.. it is reducing..

around 5 years, you should look to refinance to lessen the monthly commitment.. That means TS takes up a fresh 340k loan on the outstanding balance for another 35 years.. So your monthly repayment will also be lesser..

That is how you can reduce your monthly commitment, meanwhile, rental prices generally hover around the same spot. So TS can take advantage of this by renting the unit out at market rate.. Which should definitely be more than his monthly loan repayment...

Do you understand now?.. Unless you are buying the condo at 70% loan, no way you can fight TS monthly commitment after refinancing.. Because his loan is much more lesser than yours.

Some are right, developer still got many units unsold. Is bad luck as that time I in many projects always fully sold out on the 1st day launch and some even hv to ballot. So I was quite happy that time able to secure one unit. Mana tau just right after that property market downtrend and overhang everywhere. Let s pray got someone takeover my condo, I already admitted sure loss on this one and just dump it to reduce the stress

dia ckp

skrg ts byr monthly rm2K

bikin refinance rm340K after that reduced to rm 1.4K+ monthly

but the thing is rental still below monthly+maintenance fees+other fees

so still negative income for the time being

summore if see future growth too many condos around the area I am not sure when can reach rm2K p.m.

TS dream big one

https://forum.lowyat.net/index.php?showtopic=4986541&hl=


I found his condo already lol
https://forum.lowyat.net/index.php?showtopic=4350855&hl=

Its not even Puchong proper but further up lmao. U can easily get a much better location from a better developer for a cheaper price.

dev. price was around rm360K ++ for studio
this one already dalam already, near tesco extra bukit puchong

if area around bandar putri still ok but this     

why no? ahmoi lepak area.

some say the same thing on cyberjaya last time

that Sefiro is already on the other side of cyber, near the brainy bunch raudhah city to be exact

cyber development is kinda slow

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=

price drop to rm330k now in iproperty for the same property size

maybe lah can double withink 5 years time

kita budak lagi mana kita tau

5 years time pucheong become international city already price sure go up up up up one

by then ts might be able to profit a little but take 20yerars period which if he invest the fund to others pace might gain better profit.

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.

Not an EPIC investment afterall
Hehe