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Investment KL48 @ Jalan Sungai Besi, Latest Chan Show Lin Project

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Lgdc0625
post Jun 30 2022, 11:33 AM

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QUOTE(patpatpatpat @ Jun 2 2022, 11:48 PM)
Any sifu can give the pro and cons of this project?

Planing to buy for investment.
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You can check out on nearby rental and your strategy nextime when u get your key.

If can dont go for fully furnish. This is my experience owning a high dense property in bangsar south. It has 1400units. But lucky i bought the layout which has lesser supply so manage to get higher rental.

Dont get full furnish also learn from this experience I saw owner enggage ID company to do but end up because a lot similar unit the tenant will choose the lowest rental. So best if u can do weighting between furnish and partial furnish whats the different to avaoid ur unit being compared by tenant nextime.

Buying high dense can be cheap but u need to do your homework too on the supply demand and know your tenant well.
Lgdc0625
post Jul 6 2022, 11:53 PM

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QUOTE(Najibaik @ Jun 30 2022, 12:41 PM)
If you do partial furnish, you need extra renovation maybe 20k-30k for full furnish in order to get 300-500 extra rental
If all units are full furnish, pricing is your advantage against others.
If price is the same, then view is your advantage.

Thats y nice view unit always rent out or sold out first

Again nice view unit for this project is actually only about 25% in my opinion, the rest is facing Trion 1 & 2
Those who are interested can walk in to gallery and look for me at the counter  smile.gif
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Actually dont need to spend so much. U just need to know the trick to do reno. I spent 10k to do reno and get a rental os 2k. Other owner hire ID spent 30k to get rental of 1.6k to 1.9k. But I make back my renovation cost in 5months and start to enjoy rental while others need to wait 1-1.5yrs to enjoy rental.

It may be good to include furnish into selling price so u save ur pocket. I think as a property consultant if able to give more insight on rental market especially in high dense project will be better advise then solely base on good view. As we all know view can never last. Unless developer can guarantee it.

Just sharing my view since I have experience owning a property in high dense project.
Lgdc0625
post Aug 7 2022, 03:11 PM

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QUOTE(Cavatzu @ Jul 28 2022, 09:43 AM)
Of course view matters especially for homogenous developments particularly in upper middle and above developments. Sometimes mid tier can be lumped into upper middle due to good location/view. The question is how much of a premium are you paying for a view - 10%, 20% or more? I hate overlooking directly into other units but that’s me. The more price conscious have different priorities like price. For Western expat market, it matters even more.
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I do agree view can fetch better rental but if the tenant is not upmarket tenant then Im better concentrate at the pricing because this project expecting 80% are investor. U only need few agent to advertise lower rental then the whole rental market will be spoilt. I focus in bangsar south and this is very much similar to bangar south but i doubt it will draw a lot of high income expat so budget still a big issue for expat if they choose to stay here. Unless TRX operate in full capacity then i would say it might make a different.

Yes to have other building in front tenant might not like it. But from my experience the rental overlooking other building and unblock whether its high or low floor doesn’t really mattr for tenant. The price on ask depend in the interior. Because my unit is facing other studio but my unit rental is higher than other similar studio so this is my sharing from focusing on a high dense development. Hence, I mentioned taking partly furnish unit and furnish up urself is important. View not so because tenant at this range cannot pay 300-500 higher rental just for the view but luxury setment yes. Another reason is I don’t want to pay premium and not getting what i want in future as view are not guarantee and in 3-5yrs time there might b building or new development that can block my view which i paid 30-50k buying into the belief of good view so I rather look at numbers se i will work towards my goal or not.

Hope it clarifies why i dont go for view. I dont object on reason to buy base on view but I rather focus on return since this is for investment.
Lgdc0625
post Aug 17 2022, 10:09 PM

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QUOTE(Najibaik @ Aug 7 2022, 07:49 PM)
Ppl will not pay 300-500 higher for view but given same rental price and same furnishing condition of course people go for better view unit first
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Now u get what i meant right? Why pricing important. U go for view then bring down the overall rental pricing. Thats why i rather choose to go for partly furnish bring down costing. Being different I rule out myself for tenant ro make comparison among unit. This is high density project bro.

What if view being block and this left the investor no other strategy to rent their unit because they rely on view and bought so much higher than other investor. The number cannot match the return.

 

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