Hi guys bought a condo back in 2018 for investment which is due to complete by 2nd quarter of 2022. 700+ sqft with 2Room 2Bath. Project is Youth City by GD Pavilion located walking distance from Aeon Nilai and Gembox (Malaysia's largest night market). For those sifu familiar with Nilai and surrounding area, please help me decide on these options below.

A) Sell it outright in 2022
B) Wait 5-6 years for it appreciate then sell it
C) Furnish and rent it out

With the current Work From Home trend, i think rental market will be quite less demanding. Maybe you can try to rent it out for one year and see how the market is going, after 1 year then you decide whether to sell it or not.

This post has been edited by nagapelangi: Feb 8 2021, 01:58 PM

Can sell with ur target price will be good. Meanwhile rent as per market. Leave it empty n pay bank monthly doesn't sound right

Mind to share how much u bought back then? Total - cashback

that area can 1? got some gurus pushing now

My friend staying at Nilai, before the pandemic I think is ok.

During the pandemic bad.

After the pandemic, I just afraid over supply, because so many tower coming up. but I think with the right price still able to rent out.

No taker, do budget renovation and rent out asap.
This is ts only resort.

If can sell with even 5% of appreciation will be good enuf dy. So far still paying by cash so no loan repayment yet.

RM386k nett then cash back another 12k so about rm374k

Meaning bro? Pushing for what?

Yup thats the worry now with the pandemic, might be hard to find a buyer. Probably will wait for few years and sell it with some small appreciation if can.

pushing means they are promoting..

U need to rent for RM1870 to breakeven...

Assuming u partition into 3 rooms, each room need to have two students each paying RM300 for a single bed. Not impossible.

But this project is quite a sucker to be honest.

So high density selling at this price still no carpark.

Full furnish can get u rm1400 only

Market now 1k

https://www.iproperty.com.my/property/nilai...u/rent-5749485/

This post has been edited by ahkit123: Feb 9 2021, 09:08 PM

Wow
Go so low and valueless

Will be a useless place in no time

not really.
you calculate base on 70% interest 30% to principal.
use amortization calculator to see how much you pay for interest.

376k not sure you installment, might be roughly RM 1500 - 1600
your cost to cover interest rate RM 1050 - 1120
need to include your maintenance fee.
that is your cost.

the extra you pay in your installment is your saving.
even if you dont sell the property, if the property after 10 years increase in value, bank value it higher you can cashout money from it.
even if the value dont increase whatever 30% that you pay to your principal, when you refinance, you can still cash it out.

I was recently offered to look at Nilai condo as investment. i was told some gem box thing.
anyway i wasnt interested, i told the agent i am interested in KL. he say KL fully appreciate already where can make money. lol.

Yeah theory is like that, but cash flow wise u will need to pay out of ur own pocket + maintenance fee, cukai pintu, cukai tanah etc ~RM600 every month for no reason, while working to find tenant and maintain the property

I rather not have the hassle if u just want to do saving...

do you know why they call it investment?
what happen when value increase?
of course location and the development of the place will determine your return.
is your cash beating inflation ?

assume 3% increase in property value per year can?
for 10 years 30% . no?
cost of material does not increase over 10 years? remain same cheap price?
cost of salary also not increase?

look at why KL property condo getting smaller and smaller in size but price still give you same at that 400k to 500k entry

Where got room demands in this particular area..
Ts cincai renovate and rent out asap la, can foresee rental will go lower once other buyers panic and low ball by properly agents.

Btw why spend dekat 400k buy Nilai.. worse decision than high density lj area in KL.

10 years 30% diulo..
Cincai buy high risk products by separately also out run this pathetic 30% appreciation theory la.

TS already bought ma.. dont want to say until so bad later hurt other ppl feeling

But this GEM project is really a sucker

Ya, I understand ts feelijg.
Cb sa always con 9 first home buyers, jiaksai la them. No different than those recon hand phone sellers at pertama complex.

this is not theory. you think property every year also sure go up?
if there is a product confirm go up every year one who dont want to buy?
property go up and got down also, depending on your timeframe.

when you say high risk product is all same, you can win so much you can also lose so much.
why dont you say go genting bet. return 1 to 95% leh. bet 1 game win you get 95%.
why need to invest in high risk product? why need to invest in properties?

Ya, better buy at Klang Valley if for investment

Hi owners of Youth City Nilai, I created a Facebook group for us to exchange our views and development progress. Kindly join the below FB group

https://www.facebook.com/groups/134652038531348

Is this property good for investment? Currently got discount + cash back 🤨

Any news on competion date?

I don't think so...

Mind to share why?

380k at nilai can get landed already. Why people want to stay condo?
Go salak tinggi can get double storey for that price. Now also soo many new house being build. Price dropping and stagnant now. Even at labu 5min to nilai can get double storey house for 360k.

This post has been edited by peja5081: May 7 2021, 03:32 PM

+ no free parking (worth of 30k each)

good effort promoting gembox. so many guru and partners working together to promote.
now i am more clear about gembox.

will i visit. yes. will i stay in the airbnb, maybe.
will it be popular - hard to say

I hope it can be successful to promote malaysia tourism.
for investment frankly, i still dont see it as a Gem.
but the effort from Developer + hardwork - MUST REALLY GIVE THEM A THUMBS UP

Looks poor with such hawker center design..

great effort but not convincing for me to invest.
all those guru start promoting.
i hope it is successful but i dont want to dump my monies into this area to bet.

Wait & see first.

For now, good effort done

Why self like own post whereas most were known this will not be a good commit.

3213 units consider high dense?

Any update?

Anyone got the latest update? What is your buying price And house package? Being offered by friend to takeover but pending my decision

Hi, how's Nilai GEM Box?

How?

Heard a lot buyer regret after sign spa

Why?

Overpriced (RM450 per sqft in Nilai average RM300/sqft), high dense, no parking provided

This post has been edited by cy91: May 7 2022, 09:25 PM

in Nilai, no enough people to rent. before this, I stay in Nilai almost 12 years...

bad for investment...

Perhaps you can rent it out first and wait 2026 as the ECRL nilai station and HSR station completion year around 2026.
Building material costs / lack of labour issue / recent increased of minim wages boosted up the housing prices and many new projects or ongoing projects are on hold. Good thing is Malaysia is already heading to endemic and many educational fairs / renovation/furnitures fairs recently.. I believe June 2022 onwards will have more rental demands and more buyers will trying to secure good subsale before the rebound /normalise back to pre pandemic level.

As for now, I checked through the developer project. The flagship (Green Beverly Hills: I see the Sky Bungalow has the lowest density followed by Residensi Lili which is high density). The location will be nicer as nearby is the Nilai Spring golf course and high end properties.

Don’t ever trust the property agents 100% as the listing (extremely cheap asking price) are normally to lure potential buyers to call them and building the “buyer list” or sometime is real but with a poor view (blocked by adjacent building, future high rise building”.

Don’t ever use that as your asking price reference or else you will be slaughter by the agent unless you really have financial problem and willing to sell at huge loss…

Landed and condo price almost the same...sure people will choose landed lo

thanks for the info, i almost buying mesahill

Which landed area in specific?

Then what did you buy?

not yet. i was thinking go for sunsuria. the environment is lil bit like eco ardence so much green and really ebike/scooter friendly allowing residence to visit anywhere in the city

Both ECRL and HSR are history as booster for Nilai prop, ECRL alignment have been changed to traverse through Serendah route while god know if HSR gonna be revive once again

You may look arounf Green Beverly Hills. I checked that area and very nice scenery and surrounded by big houses and golf course just opposite of it.
The pricing also still okay due to pandemic. The agent informed me the seller now started to increase back their asking price. Zzz


It is confirmed la bro.. ECRL and HSR is back. Previously cancelled/postponed by PH/PN and now is confirmed to proceed again. Same goes to MRT3. That is the reason house pricing started to rebound and am also looking around there. But Youth City a bit like Hong Kong style pattern.. Too high density for me.

As for the HSR, the revival is for the Singapore-Malaysia section which previously omitted.


https://www.theedgemarkets.com/article/sela...states-northern

https://www.thestar.com.my/news/nation/2022...hsr-says-dr-wee

This post has been edited by Deathscythe@@: May 9 2022, 01:17 PM

Guess u too much into history, btw link to HSR article broken tho

https://www.mrl.com.my/en/ecrl/alignment/

Yes, just wait for the latest news.. GE15 is coming.. All will firm up before GE15..

When vp?

Big boss posted this project in his douyin (China version TikTok)
https://v.douyin.com/YEFXm6L/

Any available unit?

hi, currently i paid d booking fee RM500 for this project.. but after i survey for this project, seem like many not support for this? can i know whats your all opinion for this project?

project will fail

High price high density

no carpark some more.. then really think this is KLCC

Hi owners of Youth City Nilai, I created a Facebook group for us to exchange our views and development progress. Kindly join the below FB group

https://www.facebook.com/groups/134652038531348

I'm not really sure about integrated development for Nilai. It's neither near or far, and how could population sustain that? When you drive round Nilai, some areas have run-down retail shoplots.

Yuna is youth city?

I wonder how they came up with all these funny funny name

They wont reveal the project name. As usual.

No freaking way this is investment grade property..

No parking for buyer some more

I think Gembox Nilai fail already. Those who bought nearby condo because of Gembox, say bye bye to them

What's the population of Nilai? Sustainable if rely solely on students?

sunsuria city doing very good, alot of eatery is popping out around that Giverny park

Agree, Nilai is neither here nor there, hard to sustain

if can option c) if there is demand then option b

This post has been edited by Ckmwpy0370: Aug 3 2023, 01:38 PM

own use ok

investment confirm GG

speaking as nilai resident

This post has been edited by ifourtos: Aug 5 2023, 04:48 PM

But why ppl want to buy this for own use? There are abundance of landed projects there and with so many lands still available.

Hi owners of Youth City Nilai, I created a Facebook group for us to exchange our views and development progress. Kindly join the below FB group

https://www.facebook.com/groups/134652038531348

Project VP.
Awaiting first lelong unit.

Partition room rental coming in here too:

Humor a lot leave over unit not sale. Yet due to got ef problem in between, developer repackage and finally got a bank can give 90%. But due to poor sale, so in the end humor bulk purchase group was in to boots this project sale.

Any project that got excessive advertising confirm masuk longkang one, like this one.

Bank inspector easily to pretend customer to know their package. And this project ready big excessive advertising during mco, a lot celebrity, guru, agency, even insurance elite group also join for the advertising etc etc.

Mind explaining why?

Weird project, to have club facilities where the membership is open to non-owners. Good and bad, since it should be beneficial to the community in Nilai but to the homeowners, don't think they'll be too happy with this. Any owners here? What are your thoughts on this?

2 lelong units check in.
Very fast.
Expecting more units to enter the lelong market after this.

It's so bad that even Lelong Agents also lazy to put up photos

Total 8 lelong units now.
Guess will be the top lelong project in 2024.

Only 1 owner with 2 units in lelong. Under RHB and Affin respectively. Maybe got more units under other banks?

Since already losing money, let's share which SIFU recommend this property Don't let them cuci tangan so easy

Way too many units here, crazy. Stay far away indeed. It's gonna be a blood bath.

If within central Klang Valley, also will have lelong units, but take up and occupancy will be way better. Will need a long time until this project is reasonably occupied.

Dato2 Guru2
fb.watch/oFxn8uYIHA/?mibextid=j8LeHn

So this Gembox is a must go ?

the sifu name start with 'V' pushing it so hard.....

Sharing a photo of the property i took last week at night. You can clearly see the occupancy rate.

Less than 10%?