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 Suggestion for Investment (First time buyer), interested in property investment

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ry8128
post Oct 6 2021, 01:29 PM

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QUOTE(icemanfx @ Oct 6 2021, 09:30 AM)
If rental could cover loan repayment, qualified tenant would buy rather than rent. Unless making substantial down payment, it is economic ignorant to expect rental to cover loan repayment.
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Nope, thats where you are wrong. There are many properties when the rental is higher than monthly installment, yet ppl are still renting it.

Renting is just a temporary contract, maybe few years. While buying is a long term contract, up to 30-35 years. So its totally 2 different thing here.
Maiiyowei
post Oct 6 2021, 01:47 PM

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QUOTE(SSSZC @ Oct 6 2021, 10:56 AM)
Not for investment but yes for homestay . After buy , next day u will c lelong unit min 20% of ur price , lelong everywhere now . Rental canot cover installment , subsales no ppl mau since alot lelong available .
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Every project oso have lelong unit, lelong unit will be within 2-3 years upon VP, then will be less and lesser . Lowyat always so negative, some positive energy, can or not... 😂😂
Maiiyowei
post Oct 6 2021, 01:51 PM

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QUOTE(bodybuildnoobie @ Oct 5 2021, 10:48 PM)
mercu jalil per sf is decent. but sandwiched/near some rumah wip projects and no facilities.
but i heard few mins from pavillion bukit jalil.

i bought for own stay at perla smile.gif cant wait
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That is the pro for mercu, but cons is got ppa1m development and lower entry price for them, and future appreciation price is not so high. For own stay, it's good catch 👍 big layout and low maintenance fee
Maiiyowei
post Oct 6 2021, 01:56 PM

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if rent whole unit, confirm buy sendiri better . Sublet and partitioning to maximize rental with fully furnished and adding wifi and drink water filter will get good rental and easy to find tenant. Investment property like manage business, need fund need stractagic need solution and knowledge, is not easy, but confirm won't be so hard.
bigman
post Oct 6 2021, 01:59 PM

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QUOTE(Maiiyowei @ Oct 6 2021, 01:51 PM)
That is the pro for mercu, but cons is got ppa1m development and lower entry price for them, and future appreciation price is not so high.  For own stay, it's good catch 👍 big layout and low maintenance fee
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actually for own stay, better buy property that less investors, less outside tenants, low density... for Mercu, is not good for own stay.....too crowded... many people bought becos it cheaper than other developments nearby... but developer is not stupid..... the low price given is due to reduced facilities, high dense, simple design...etc..
bigman
post Oct 6 2021, 02:03 PM

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QUOTE(Maiiyowei @ Oct 6 2021, 01:47 PM)
Every project oso have lelong unit,  lelong unit will be within 2-3 years upon VP, then will be less and lesser . Lowyat always so negative, some positive energy, can or not... 😂😂
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why some project so many lelong....some very less or no lelong?

not all people invest in property can make money...same like share market....

it depend on ur experience, strategy, hard work and luck...
kidmad
post Oct 6 2021, 02:04 PM

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investment.. hurm... personally now it's a good time to get subsale but not so much for those overpriced new houses.

Developers are still selling homes at prices prior to 2020.
icemanfx
post Oct 6 2021, 02:16 PM

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QUOTE(ry8128 @ Oct 6 2021, 01:29 PM)
Nope, thats where you are wrong. There are many properties when the rental is higher than monthly installment, yet ppl are still renting it.

Renting is just a temporary contract, maybe few years. While buying is a long term contract, up to 30-35 years. So its totally 2 different thing here.
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If bought many years ago like before 2010 or paid substantial down payment e.g >35%.

This post has been edited by icemanfx: Oct 6 2021, 02:17 PM
ry8128
post Oct 6 2021, 02:40 PM

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QUOTE(icemanfx @ Oct 6 2021, 02:16 PM)
If bought many years ago like before 2010 or paid substantial down payment e.g >35%.
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Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.
icemanfx
post Oct 6 2021, 02:42 PM

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QUOTE(ry8128 @ Oct 6 2021, 02:40 PM)
Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.
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Except 'grr', few if anyone experienced in real estate will believe.

bryan_x00
post Oct 6 2021, 03:25 PM

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QUOTE(icemanfx @ Oct 6 2021, 09:30 AM)
If rental could cover loan repayment, qualified tenant would buy rather than rent. Unless making substantial down payment, it is economic ignorant to expect rental to cover loan repayment.
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Which is why I said buy for own stay ok. Cos he is qualified tenant, so don't need to rent.

But not for investment. Especially new projects. Some can't even cover the interest let alone cover loan repayment. Plus capital appreciation is stagnant or negative. So why not keep in fd or asb etc. 2-4% return maybe, not worse off compared to prop.
forever1979
post Oct 6 2021, 03:39 PM

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QUOTE(ry8128 @ Oct 6 2021, 02:40 PM)
Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.
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can you just give one example pls

sharing is caring
raymondwong1808
post Oct 6 2021, 10:11 PM

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QUOTE(nihility @ Oct 6 2021, 10:43 AM)
I got 1 unit got "stucked" in the scenario. Initially , we never expect the rental collection to cover the monthly installment & already expect to top up monthly for the installment, more to target on capital gain when the area mature. Now rental yield is dropping, market value also dropping.

I can say, it was one of the bad investment decision ever made, got to live with it. Now just close one eye & don't follow the market value. It will take take years to recover.
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mind to share which property is that? most property in decent location should drop slightly... not to the extend that makes people concern....

Veronicaooi1122
post Oct 7 2021, 02:09 AM

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QUOTE(ry8128 @ Oct 6 2021, 02:40 PM)
Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.
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If vp after 2019 . 10% or no dp needed . Can cover instalment .no partition room illegally . I call you daddy .
Veronicaooi1122
post Oct 7 2021, 02:12 AM

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QUOTE(forever1979 @ Oct 6 2021, 10:57 AM)
actually net yield now is lebih kurang... net 2% to 3% maybe ?
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Landed rental cannot at all la . Some condo still doing ok . But not those fully furnished by developer and just 1 or 2 layout . Those really hard to make it . Every unit look the same hence Price war
ry8128
post Oct 7 2021, 06:59 AM

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QUOTE(Veronicaooi1122 @ Oct 7 2021, 02:09 AM)
If vp after 2019 . 10% or no dp needed . Can cover instalment .no partition room illegally .  I call you daddy .
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Vp 2021 also got la if u know to find
icemanfx
post Oct 7 2021, 07:56 AM

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QUOTE(ry8128 @ Oct 6 2021, 02:40 PM)
Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.
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QUOTE(ry8128 @ Oct 7 2021, 06:59 AM)
Vp 2021 also got la if u know to find
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Poppycock
ry8128
post Oct 7 2021, 08:32 AM

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QUOTE(icemanfx @ Oct 7 2021, 07:56 AM)
Poppycock
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Yup, you are right. I am just talking nonsense smile.gif
nihility
post Oct 7 2021, 08:36 AM

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QUOTE(raymondwong1808 @ Oct 6 2021, 10:11 PM)
mind to share which property is that? most property in decent location should drop slightly... not to the extend that makes people concern....
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Bandar Saujana Putra - BSP21 by LBS. You search the early phases launching price vs the recent fire sales release by the developer. If you are one of the early buyers, you will be very pissed off. You see the auction reserved prices, you will rather don't want to follow the price movement. On and off got people within the community will update their rantings.

Made the decision to get a unit because of the close proximity of the Mahsa's University main campus. Got students renting but when the those investors desperately throw the rental prices, the whole rental market went down together.
icemanfx
post Oct 7 2021, 09:33 AM

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QUOTE(ry8128 @ Oct 7 2021, 08:32 AM)
Yup, you are right. I am just talking nonsense smile.gif
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If rental yield could cover loan repayment; REIT, p.e would buy en bloc or developer directors would keep for themselves. Like bursa stocks, good deal seldom reach #retailers.

This post has been edited by icemanfx: Oct 7 2021, 10:13 AM

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