seems that these days prop that can make money is only those right beside LRT/MRT. other than that u mmg gg lo
Cheap/low/medium cost apartments can easily make money compared to those stupid waterfish that buy “luxury” condos. Those below 150k apartments/flats can just put in some second hand cheap furnitures, tutup mata rent out 800-1k per month and usually demand is high.
This is true. My cheapest worthless low cost house has already earned more than its own value. My mid range landed making decent rental.
Ayam too poorfag to buy luxury condo and landed. Cukur.
A lot of sohai “investors” got conned by those “gurus” so they end up buying these luxury condos for investment but most of them end up buying above 600k condo and renting it out for below 2k. Then pray and hope their prop price increase so they can sell for profit since they already making loss from the rental. Really sohai.
Property is either you buy cheap flat/apartment for rental investment or buy landed for price appreciation. Buy luxury condo rental already lose, want to hold and wait price appreciate, most condos that are more than 2 decade old price will fall because the facilities start to become dated and even if properly maintained it’s subject to wear and tear. So they wanna hold long term also GG.
There are pros and cons to less than 200k investment.
You deal with lower income people and lots of drama from tenants and issues with the unit and it's dwellers.. Which then snowballs to shitty living environment causing ur tenant to move out and story repeats.
1 is manageable but imagine u have a dozen of em. Hire property management is going to eat into your profits.
I still remember my tenant no pay 2 months, go see unit kena yellow tape from police and nobody not even management bother to inform. Then can't rent out until police finish investigating.
Damn tired la all these drama
With these low income groups need to screen properly. Usually I go for families with young kids. They tend to be better paymasters from what I’ve experienced.
QUOTE(swanlover @ Jun 28 2022, 10:06 AM)
200k in KV is pretty shit-hole and u can’t expect much decent tenants …
Some of my friends got this kinda lots with screw-up tenants …lolx
200k prop you memang have to do proper screening. Actually a lot of good tenants that can only afford this kinda places, not everyone poor is bad. Just avoid rempits.
Sub 200k property, enlighten me. i assume is flat and outskirt.
A sub 200k flat location far out still command rental catchment? Why would one want to rent so far out
No one ask you buy far out ulu places. There are a lot of low cost flats and apartments in KV in that price range. Otherwise where you think all the b40 that work in KL lives?
Outskirts wise choose those that are nearby industrial areas, people who work there would want to live nearby. Whole unit even the shittiest flat/apartment usually won’t be less than Rm800 if fully furnished, even those in outskirt places like bukit jelutong, kg subang, puchong etc.
<There are a lot of low cost flats and apartments in KV in that price range. Otherwise where you think all the b40 that work in KL lives?>
Are you referring the likes of San Peng flats, likes of low cost dbkl apartment blocks at bandar baru sentul, miharja blocks, jln ipoh, jln kuching north apartments, blocks that goes by state name etc etc?
Dbkl flats are out of the question, don’t think you can simply buy those but yes those like the ones in Miharja, jalan ipoh, jalan kuching, segambut, bangsar, kerinchi/Pantai dalam if it’s near KL.
I know a lot of people scared of bad tenant but as long as you screen properly then you can avoid it. Plus bad tenants are not only those that rent cheap flats/apartments, even condos got bad tenant. At least if you get a bad tenant in a sub 200k flat/apartment the most you lose is around 1k a month plus the super cheap (usually below Rm100) maintenance fees. Those 600k condo you prepare lose 3k every month plus 500++ maintenance la. Might as well get 3 low cost units, based on probability getting bad tenants for all 3 units would be lesser.
Don’t need to care whether it’s medium cost or luxury.
The key is properties above RM600-800k are not accessible to B70. And T30 unlikely to look for properties in that price range either.
Actually the bottom half of T30 would go for props in that price range but they never go for subsale condos in that price range. Either they go for new development which has lower or zero entry cost or go for subsale landed. There are so many choices in the 600-800k range, why would they choose some second hand subsale condo?
talking about subsale condo, at one point I was considering Seri Duta 2. it is a secluded condo but wife dont like the roads
maybe I can persuade her by next year since that day she said she fed up already with subang
Does you wife go out a lot? If she does I can understand why she might not like it 😂
Seri Duta 2 is a really nice condo though. They just don’t really make those type of resort concept condo much nowadays. Everything is too “smart” concept.
rental rates gone down a lot. same goes for the price tag
SD1 had landslide issues but so far SD2 has none. Hope it stays that way coz it’s a really nice condo tbh.
QUOTE(holypredator @ Jun 29 2022, 12:01 AM)
Makes no sense to build residential right in front of the LRT station... but who knows though... SDP so called "TOD" could literally be just residential relying on all the dying amenities... Personally... I'd still think that they would still go ahead with a mixed development like what they planned before... just hope they don't focus too much on SOHO or residential... best is non at all... and focus more on commercial/entertainment... SS15 eateries are all low class local food stalls.... like I mentioned... the thing that is missing in SS16/1 compared to sunway pyramid is the high-end food stores and entertainment... density is there already... just need to pull the traffic back to the area...
I’m not sure if high end food stalls would fare well at SS15. The crowd around there are still mainly students and not many will frequent high class eateries. For the adults, I think the difficulty in finding parking around the area would be a turn off to specifically go to a high end eatery in ss15 even if they had one. Having some entertainment outlets might help though it should also be an affordable one to attract students.
QUOTE(JimbeamofNRT @ Jun 29 2022, 12:43 AM)
TBH I wish I could drop everything and move somewhere with lots of greens. I am just fed up with all these traffics .
Maybe I need a long holiday
There are a lot of areas with pockets of greens around KL if you want some peace but mostly still need to face the jam when you go out la. Haha
QUOTE(holypredator @ Jun 29 2022, 01:29 AM)
well who knows what the future holds...
to me... the density is there... just lacking attractions...