hi penangites/investors,

i am looking for the places below to invest in..i expect to rent it out at a rate that will at least cover my monthly loan repayment..also i want a place which has better rate of occupancy and better value appreciation rate...to have a better judgement below are the details:

Desa University (mostly rented to students):
1. Average asking price = RM 380k - RM 485k
2. Average size = 900 - 1100 sqft

University Heights (mostly rented to students):
1. Average asking price = RM 340k - RM 450k
2. Average size = 800 - 1000 sqft

Sri Saujana (mostly rented to students):
1. Average asking price = RM 380k - RM 500k
2. Average size = 1000 - 1200 sqft

Taman Pekaka (mixture of students and working class, has most units for sale comparing to the rest which concerns me abit):
1. Average asking price = RM 250k - RM 400k
2. Average size = 700 - 850 sqft

prices are subjected to the unit condition in terms of furnishing and renovation..

1. may i know wat is the average market value per sqft surrounding usm area?

2. i know there are some techniques to buy a unit at below market price..this do not involve negotiating for more discounts or price slash...instead it is carried out by doing some barter trading/internal agreement but i have yet to find out or learn...can anyone kindly share with me?
any suggestions and advices on investing in one of those places are very welcome 

how much loan repayment per month if property is 400k?

Guys,

Penang got any upcoming project for around RM150k? No LMC please as I not entitle anymore

i can onli take 70% loan since this is considered as 3rd property if i wan to buy...so im guessing the repayment should b around 1400

no lmc, 150k? i think somewhere in the jungle in no man's land
i also planning to buy my first property for own stay with one eye on renting out, but from my research so far, its impossible to get a property that pays itself in the areas you mentioned. but we can work together

no lmc, 150k? i think somewhere in the jungle in no man's land
i also planning to buy my first property for own stay with one eye on renting out, but from my research so far, its impossible to get a property that pays itself in the areas you mentioned. but we can work together

actually the rental around tat area is about 1200...but the repayment is based on 400k value...there are still those below 400k...one of my friends got a property in desa uni and been renting out at 1200 and manage to cover his repayment although recently he has refinanced to bank valuation amount...

i like desa U, especially the units facing USM , only downside is facing evening sun as well 

i would like 2 get a unit in desa uni as well but now onli 4-5 units on sale for above 400k...nobody willing to let go below 400k...there is 1 offering 380k but not sure how is the condition..

you havent seen the area? the access road behind the row of shops is somehow in bad condition. other than occasional reports of people committing suicide, i still think its a good place despite only visited it once during my lifetime. i dont know whether the place is also full of middle eastern people, sorry to be specific, but i really dislike them for being inconsiderate, noisy and bully

you dont know the story?

usm is now an apex university

the students are now very less (drop like 80%)

this is the reason many ppl are selling off condos surrounding usm. very hard to rent out already

you can also go survey for your self. even the coffee shop (corner one) closed down n replaced by a kopitiam which is also very empty. Apart from all this, many shops also closed down. recently, the fuji photo also closed down. s n j closed down too some time back

i was an ex usm student... so pretty familiar with this area.

not a good investment area anymore.

may i know why Apex university then students drop?
isn't it supposed to be better with more students trying to enrol into Apex status university?

thanks for your explanation in advanced....

you dont know the story?

usm is now an apex university

the students are now very less (drop like 80%)

this is the reason many ppl are selling off condos surrounding usm. very hard to rent out already

you can also go survey for your self. even the coffee shop (corner one) closed down n replaced by a kopitiam which is also very empty. Apart from all this, many shops also closed down. recently, the fuji photo also closed down. s n j closed down too some time back

i was an ex usm student... so pretty familiar with this area.

not a good investment area anymore.

pls research yourself... dont always want to be spoonfed!

exactly

the intake dropped so much... of coz business drop so much too

now usm only take top student
the volume also dropped 80%

those whom just invested there ... pity them

is the arrogant shop miracle still there? the owner very lansi n sell stuff all rosak wans. old stock perhaps.