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Investment Dutamas Month Kiara, Another freehold Rumawip project

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Cavatzu
post May 28 2022, 08:33 AM

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Quite low density for a development. Man the competition is getting so fierce. A lot of choice in the low to mid tier space. Be very very smart about differentiation.
Cavatzu
post May 30 2022, 05:06 AM

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QUOTE(meiyan95 @ May 30 2022, 03:33 AM)
lol. why do you even rmb my name lol. im okay with any location with good neighbourhood, nicely designed layout, etc. there's no restriction in location as long as its not too far. Well, i have been staying in Rawang for years so anywhere new project seems justifiable for me.

Legacy because of price turn down because of the HTC.
Est8 because of theme turn down because of location & accessibility.
Bangsar hill park because of the location but turn down because of tandem and high density smile.gif
Fiddlewoodz because of township. Of cause there's alot of cons like its not MK, the questionmark MRT3 and KL metropolis, food groceries will be a prob, near to old unkeep condos, segambut etc, and lot more.

That is why im looking for advise.

One shouldnt be sarcastic for the one who is looking for home smile.gif

Who doesnt know renting a property is the best??? bangwall.gif
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It’s funny right. People assume you need to live within a Square km from your family home. Sometimes people do want change and a different experience from the norm. Those who have no imagination to live beyond the suburb they grew up in are a bit sad. I get it if it’s for parent care purposes or if you need access to childcare. But if you’re young go live a little.

This post has been edited by Cavatzu: May 30 2022, 05:07 AM
Cavatzu
post May 31 2022, 09:40 AM

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QUOTE(Shining star @ May 31 2022, 07:47 AM)
Actually, people buy here is the "location". not MRT/LRT kind of TOD.
What no MRT/LRT facing by you but also will be facing by other.

you just compare with the Alix residence near by.
their price was RM 822K, nearly three times higher than you.
https://www.propsocial.my/developments/alix-residences-10202

Ofcourse, don't compare the built quality and design la.
you get what you pay
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There’s diminishing returns for quality vs price paid you know. 3 times the price doesn’t mean 3 times the quality. So yea a rumahwip in a good location is certainly a good buy. Maybe very basic looking but you can soup it up with a bit of renovation budget. My only grouse is that it shouldn’t be used as an investment tool as it gives a very unfair advantage for the price paid on subsidised housing. But yea anything goes in this country. As more rumahwips come online you’re gonna see the savagery of trying to hook tenants.
Cavatzu
post May 31 2022, 04:27 PM

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QUOTE(Shining star @ May 31 2022, 10:37 AM)
Agreed.
You had pointed out some good finding.

Let me explain more background of subsidised...
- The key reason why rumawip so cheaper than those common resident title condo was they have the subsidiaries and support from DBKL.
Example: They may get the land/title cheaper etc. THis is why govn put so many restrictions like household income must not higher than RM 15K/monthly, 10 years can't sell....
So when these subsidiaries are removed, their price is similar to those other Condo.

Anyway, once the good area of RUMAWIP been taken, it would not come back....
unless there are many empty land in that area,
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Well the thresholds are off too. At 15k/month income, regular property is well within affordability. The people who really need the properties should be the ones for first pick.

I think we all know how easy it is to game this. A mid career couple both working could afford to get 2 of these units as investments. Make up some cockamamie excuse and get it rented out most likely with positive cashflow. Pay attention Gen Z.

Don’t know if the expat teachers wanna rent in rumahwip but why not ground staff.

This post has been edited by Cavatzu: May 31 2022, 04:31 PM
Cavatzu
post Jul 17 2022, 08:52 AM

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Rumahwips sell themselves. No need to promote it. It’s just a matter of who’s quickest and is aware of a particular project.
Cavatzu
post Dec 25 2022, 11:40 AM

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QUOTE(East is Rich @ Dec 24 2022, 01:49 PM)
Is it going to be noisy, cats infested like other similar projects ?
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What is your strange preoccupation with cats?

I know of places with plenty of chickens if that helps.

 

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