QUOTE(cwt2878 @ Aug 29 2022, 05:23 PM)
So for investment, rental needs to start from 2.5k for the smallest unit. Doable?
Heyyy, so its depends on your own preference
For example, smallest unit is 770sf with gross price around RM 832 psf
SPA price: RM 633k (Estimated)
Monthly Installment: RM 2.3k
Maintenance Fee: RM 0.32 psf x 770 = RM 246
Total Monthly Repayment: RM 2.6k
Based on the immediate surrounding, the rentals for a 2 bedroom unit is going for RM 1.8k - RM 2.4k per month. Keep in mind these condos are more than 5 years old and the distance to LRT is not as close as Atera.
Yes you can possibly rent it out at RM 2.5k and your tenant is covering all of your interest and most of your principle
Or you can also lower the rental a little more.
Personally, as long as my rental can cover my interest and then some, I'm happy. The rest of forced savings
Based on Iherng, his advise would be if you can cover at least 70% of the monthly installment its considered okay already.
So depending on how you wanna do it.
If you prefer to have a positive cashflow from your investment, perhaps a subsale unit would be better but one gotta look out for good deals and have some cash on hand for downpayment, legal fee and renovation cost, around 18% - 22%
QUOTE(You Don't ... @ Aug 30 2022, 11:53 AM)
Making PJ more congested. Sigh.
Yaaa agreed PJ is getting more congested, but to be honest PJ is still my favorite park of Klang Valley despite of the jam. The convenience and road access is
Not sure if you share the same view?
QUOTE(Cavatzu @ Aug 30 2022, 11:59 AM)
So the 550 sft 1 bedders are rsku? Do they operate on the same psf?
Hey Cavatzu, yeap the 555 sf/ Type A units are RSKU and they don't operate on the same PSF as the other units in Atera.
Because these units are subsidized by the government so its lower
For example, the RSKU units are selling for RM 270k
RM 270k/ 550sf = RM 490 psf
QUOTE(Just_a_dude @ Aug 31 2022, 07:14 AM)
Best investment here will be the RSKU
Hey Just a Dude, these units are named Affordable homes for a reason ya know. They are for those who are in need of a place in Klang Valley to stay. Buttt i know people do rent their RSKU out for others to stay. Malaysia Boleh?
QUOTE(LexFei @ Sep 1 2022, 04:03 PM)
How much the selling prices ?
Hey Lex Fei, the Gross selling price for the units is as below
770sf - RM 640k
1024sf - RM 852k
1419sf - RM 1.1m
If you'd like more info, please feel free to drop me a message