new launch project at JB CIQ... worth to buy??

How much the price per square foot?

Cheapest one, level 12 dual key unit 672 sq ft - 2 studio units with 2 bathrooms one of them comes with balcony.

Cheapest price from rm756k, discount 8%, pay 2% downpayment.

Rm680k + rm15k (down payment)

Then additional 2% + 2% for early bird move in bonus when get the key will get.

This post has been edited by westlife: Dec 1 2024, 10:48 AM

Only able to materialised after 10-20 years, when JB city centre no more area to take over and redevelopment. It will be like klcc area but currently doesn't look attractive.

Better take landed in iskander puteri which cost 1 million than 700k small size studio. And for most Singaporean i believe they will also aim for 1 million landed or bigger high rise unit.

Ya… same thoughts also….

Spending rm700k for such small unit, can actually spend more to buy a landed unit instead which has more chance for appreciation and easier to sell off.

This post has been edited by westlife: Dec 1 2024, 11:03 AM

If for on stay then no problem, if for investments might need to hold longer

rm700k for this...

Top up little more, buy landed is more worth 🙏

All investors buying CIQ/RTS themed properties are playing rental yields game, get 2 rooms unit made into two studio units, rent for rm2500 per studio, enough to cover monthly installments and get a free unit once loan fully paid.

Is it worth it to invest?

Whats the average rental rate right now for properties near to RTS?

studio mostly come average in 500-600 square feet

if the unit(672 sq) is dividing by two to form two 336 sf studio, will the rental still the same?

This post has been edited by Jazted: Dec 1 2024, 01:36 PM

I would suggest to do a bit of due diligence if not familiar with JB market and really keen to invest. Search for rental rate in Propertyguru or iProperty for rooms/studio rental within walking distance to CIQ would be good start.

studio is around rm2k to rm2.6k depending on projects...

yes, this is something that i am considering also... becos the studio for this dual key is indeed smaller at 3xx sq ft only...

The rental is.just ok-ish compared to KL prime location

Nothing crazy.

yes, jb the most expensive rental area happened in CIQ only..

the property value in jb depends on the distance to CIQ... while KL is the distance to KLCC etc..

I would think once RTS starts running, with the whatever ART or BRT plan executed efficiently and effectively (but a big doubt judging from other track records), could consider properties within 3-5km radius surrounded by more complete amenities for a better residential living environment. Serious, nearby CIQ/RTS area is not conducive for proper living, for me personally.

exactly... this is certain. i am now renting apartment at ciq area...

so i know the experience of living in CIQ... during normal time, it is still ok, but during friday nite or sunday nite, there will be a lot of cars starting to go in lion city and jam will build up... so even want to go back to home will need to jam for a while before entering the car park of the apartment...

and seriously after retired, i also do not wish to stay there...

now i am just considering should i buy a apartment unit rm710k++ for 672 sq ft to stay for another 10 plus over years before i retire...

becos now my rental is about rm2700 with partially furnished two bedrooms 2 bathrooms unit at 882 sq ft (no electronic appliances like tv, sofa, washing machine etc...) i shifted all these from my previous house to here.

and i am renewing my contract with my landlord now and rental is increased to rm2800...



if i want to buy this new project unit, i will need to pay a installment of rm3700++ per month while youngsters who can get full 35 years loan will be rm3000++ per month only.

so if i bought this unit, i will be staying there until retirement and unlikely to rent out when i am staying there becos the unit is small, although dual key, but unlikely i can stay one studio unit and rent out another becos too small..

if after retirement, then i rent out this unit for two studio can hopefully the rental can cover the installment?

Consider getting the dual key 3 bedroom unit?

No right or wrong, the way i look at it, instead you pay rm2800 rental per month, get the 2 or bedroom, u only top up incremental rm1k or slightly more and you paying for your property instead of paying for others... If you rent out one room, that can subsidise the incremental loan installment.

not considered dual key 3 bedroom unit, becos the price if i compared 39 floor the similar level unit but type C - 3 bedrooms the SPA price is rm999k, size is 854 sq ft.

after 8% rebate, it is rm919k - if able to get the additional 2% + 2% nett is rm879k++

i dun really intend to spend so much on a apartment unit..

same level comparing to type B - 2 bedrooms dual key = rm711k++

that's extra rm168k....

yes, i am paying rm2700 now and going to be rm2800 soon starting 15 dec...
indeed this rental pay can be used to pay for instalment instead...
yes, indeed for dual key unit, if i can ownself stay one unit and rent out one unit, it will be the best... but given that it is only 672 sq ft, likely that i do not have enough space to stay which i will likely need 672 sq ft to live in full..

this is why i am considering whether to go with this.

monthly instalment rm3700 and get a rm711k apartment unit - dual key 2 bedrooms and 2 bathrooms

or continue to rent by paying rm2700 to rm2800 of rental (and will likely to increase especially when RTS is completed in 2 years time) which if i continue to do this, i may end up paying rm3xxk to rm4xxk minimally before retirement (early).