QUOTE(yewkhuay @ Sep 8 2007, 08:23 AM)
low or medium cost housing project has risk of getting similiar class of buyer / tenants, becareful...
Very good advise
While low cost properties can easily yield min 8% returns, the risk are huge as well, and often not worth the nightmare. U'll most likely meet ppl who'll destroy your house, run away with 6 months unpaid rent and even try to chop you when u scold them for rental delays in low cost properties. Again, not all low cost tenants will behave that way, but the likelihood is higher compared to medium cost - high end properties, as the affordability level is different.
I suppose for entry level investors like me, any props above 100k is a safe starting point
Added on September 8, 2007, 1:15 pmQUOTE(ashburn98 @ Sep 7 2007, 09:52 PM)
Well, it is announced that the money Account 2 can be used to pay monthly installments. But say I earn 3K per month, how much money is actually going into my Account 2 every month?
Usually, nowdays S&P and legal fees are borne by the developer. Any guarantee the developer gonna pass down the stamping fees' saving to purchasers?
technically, I'd say about RM240 goes to your account 2 every month.
my take on the topic, we'll see a boom in demand for low-med cost properties. Figure wise, the properties ranging 100k-500k will most likely be the biggest winner from our 2008 budget.
All is good
This post has been edited by Pai: Sep 8 2007, 01:15 PM