Hi,

Currently i over come a property at wangsa maju and it is a apartment selling at RM92,000 and seek advice from you guy if this is a worth place for investment?

I plan to buy this apartment purely for investment.....

I understand that the currently rental at that area is RM650 to RM700....

If i make a downpayment 20%, means i have to loan on RM72,000

After calculation..... monthly installment is RM527 and i need to pay maintenance for RM70/month

After deduction.... I have nett of RM50-RM100 extra every month...

Do you guys that that this is a worthy investment??

unless TARC and KTAR guling tikar, u will be assured that many many students will wanna rent your place for many many years.

Is 92k the current market value of the property or 10% below market value?

It is the value i see from the advertisement. RM92k.

isn't the KTAR and TARC are the same?

ya.. UTAR setapak will be move to Kampar ipoh next year i think...

then u have no clue whether its a bargain or over-priced.

Let me know the property name and size and I'll try to dig up more info

I'm currently a KTAR student, PM me which apartment you're talking about..
I have gathered a group of friends to get ready to move, so if we're able to make a deal, then you'll be sure of full occupancy (minimum 8 tenants)..

You want to know the name and location so you can scoop it up before he does right, right..?
Kidding mate..

If not mistaken is call Teratai Mewah Apartment... Near to Danau Kota

no lah bro, not keen on "small fish" + im done acquiring props this year, need to slowdown a bit + wangsa maju aint my forte

just helping the fella so that he/she not overpaying n hopefully get max possible ROI

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Added on September 4, 2007, 10:10 pmSETAPAK TERATAI Mewah 2+1r, 650sf wardrobe, kit-cab, near shop, RM550. --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah apt 3r1b well kept RM88k/In- dah apt 3r2b 1st flr RM148k --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah RM500 reno + c/park RM600, Danau Kota flat RM500, Idaman Sutera RM750. --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah apt 3r1b fully renovated kitchen cabinet table top RM88k.
--------------------------------------------------------------------------------
SETAPAK TERATAI Mewah Condo 1st flr 3r2b 1020sf with kit-cab wardrobe air-con RM 150K. --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah 3r1b 653sf reno RM88k corner 712sf RM92k carpark RM78k rent RM550 --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah cor 3r1b RM650 ono Danau Kota Flat 3r1b tile RM600 ono --------------------------------------------------------------------------------
SETAPAK TERATAI Mewah 2+1r, 650sf, wardrobe, kit-cab near shop, RM550.




Looks like the rental ranges from RM500-RM700, while selling price is from 88k, before nego.


Better deals elsewhere

This post has been edited by Pai: Sep 4 2007, 10:10 PM

Hey Pai, could you check for the prices for the Melati Utama condos..?
Doesn't matter PV5 or PV3, because I'm planning to move there the next 2 semesters..
Please check the prices for some of the lowest range and the rental too..
Thanks..

Jordy, can always get a copy of the Star, New Straits Times etc...
or surf online....

cheers...

boon is spot on, go online

eh, u r right. i meant UTAR. KTAR pulak...

Which site is recommended..?

try star. They have the m,ost adverts anyway

deleted::::L

This post has been edited by countdown: Sep 8 2007, 11:54 PM

there u have to check whether TARC students are willing to stay there or not.
Even some places of PV is still finding tenants...in vain

I had no problems with my apt over there.

Are u sure the location is at wangsa maju(low cost flat)? or setapak(genting court)?

You guys didn't notice that the post is made in year 2007....?!

Anyway, since 2007 situation is different from now (especially with many developments in Setapak area and also the prices of properties is different); topic closed.
One may open another topic which is more relevant to current developments.