Hi all,

Looking for a good place to invest.

Budget:
up to RM600K

Preferred Location (not limited to):
Old Klang Road
Damansara
Bukit Jalil
Subang
OUG

Few projects I’ve checked into but have yet to get detail information:
Avara Seputeh
Perla @ Ara Sentral
Bloomsvale

Exim Project, Damansara

all these listed areas may be too crowded and competitive. If the product are mostly identical, hard to get your ideal yield..

the only way to stand out is to buy subsale or different product like terrace house. now terrace house within one month get tenant, condo may need three months.

For investment don't. Keep in fd better.

For own stay no comment.

With the mushrooming of "rumah mampu milik" do you think it is still wise to invest in property?

Pearla seems to be ok

ara sentral good location

Any reason?

May consider MayaAra at Ara Damansara as well ya, full furnishing at affordable price, and within your investment budget too

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 cant wait

Until poorperly overhang is reduced substantially, price will remain suppressed.

And landed rental lao sai 😂

For most residential properties now, landlords are 'subsidising' tenants to rent.

This post has been edited by mini orchard: Oct 6 2021, 05:35 AM

True, the rental amount can't cover the bank loan installment. Renting now is cheaper than owning a property now.

Rental yield bad, capital gain in -ve territory. Cash is better placed somewhere else.

The over hanged will last longer than expected. There are just too many units coming into the market.

Hi.

Your budget, my humble suggestions.s

1. To split 60/40 or 70/30. Do not invest in 100% on 1 property and 1 investment portfolio.
2. Get an apartment nearby lrt/mrt (walking distance within 10 minutes). and many eateries stalls or shopping malls. Do not target 1 single group, for example, student/ university alone, do open to working adults and expatriates.
3. Do not listen 100% to property guru. Must do own study as this is going to be a 25 to 30 years long-term commitment.
4. What is the likeness of your property 10-15 years from now?

The property will appreciate provided it is at the right place and right time. Buying the wrong property will burn hands.

Good luck.

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.

This post has been edited by icemanfx: Oct 6 2021, 09:42 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.

how to find private equity to invest in?

actually net yield now is lebih kurang... net 2% to 3% maybe ?

Can you guarantee >8% yield p.a? if can, how?

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.

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... 😂😂

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

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.

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..

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...

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.

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

Try research more bro. There are properties VP this year also able to get rental higher than installment + maintenance fees.

Except 'grr', few if anyone experienced in real estate will believe.

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.

can you just give one example pls

sharing is caring

mind to share which property is that? most property in decent location should drop slightly... not to the extend that makes people concern....

If vp after 2019 . 10% or no dp needed . Can cover instalment .no partition room illegally . I call you daddy .

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

Vp 2021 also got la if u know to find

Poppycock

Yup, you are right. I am just talking nonsense

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.

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

i see. i notice the auction price is dirt cheap. my friend bought a unit in bsp skypark i guess.

BSP 21 still not yet sold off? still have developer unit?

Few months ago I saw few postings in community WhatsApp, got owners ranting the new buyers get built-in furniture freebie from the developer with better price for the same unit they bought earlier.

I'm not sure whether still got or not.

Could you kindly share some of your findings ah? I am looking to do property investment too.

harmony old klang road ?

Bomb more bro

How about investing in retail property? Any comments?

rental cover installment, siapa mahu? if depend how much 💰 and effort u put into your investment property. Everyone want passive income on rental, but what u been done to archive the rental u want? Talk much without action, mean zero. Cheer 🎉🎊🎉🎊ong huat heng ah

Poorperly game is not newly invented or discovered like crypto currency. Many boomer poorperly investors were in this game long before strawberry gen is conceived, unlikely to leave any worthy trick for strawberry gen to discover.

This post has been edited by icemanfx: Oct 8 2021, 08:20 PM

Don't always blow water without wipe mouth la...

haha, fun to be at lowyat, so many different comment and stories 😂😂😂 this world is fair, got ppl win money, oso have ppl lose money. So u wanna be the one win money or lose, is depend how your mindset work... Cash always king 👑

Developer units at BSP 21 will always get upper hand.

Recently developer issued out strata title to all units and disallow direct transfer for any subsale transaction.
This mean owner need to pay stamp duty MOT first before can sell the unit to another buyer.
More money and impossible owner willing to sell cheaply to next buyer.
Thus any interested buyer better go get units off developer hand which will be a smoother process.

Invest dodge better

Real estate is in recovery period.

One word … Don’t.

If it’s meant to be a pure investment for profit then it simply doesn’t make sense at this cycle unless you pick up something markedly under the median price in its location.

It’s fair game if you have any other personal reasons like you may wanna live in it for a while, divorce, or you know it may be a lot harder for you to get a loan later on etc.

suggest to get somewhere near university. 600k property monthly instalment about RM2100. some 3 bedroom with room rental 700-800 can cover the instalment. better can partitioned into 4 bed at RM600 per room = RM2400

There is a townhouse behind Kelana Jaya LRT station. Looks like a decent place to invest.

so @TS have you bought any property for investment?