I wish to thank you all for rpelying. I am sorry I have been busy and didnt have the time to login here to check my thread. I appreciate all the knowledge and experience you have shared with me. Below are my replies:
QUOTE(joe_mamak @ May 12 2008, 02:17 AM)
Check out the Damansara Perdana thread.
It's quite a nice area.
Woww,... I've seen the thread, it's so longggg!!!
QUOTE(hanif444 @ May 12 2008, 09:12 AM)
Puchong..Asean Puteri-bandar puteri...Luxury condo with 2 car park free...but mainteince Rm3++
Maintenance too high ler. The one behind Summit USJ is 320k with 3 carpark. Give up a carpark and save RM10k. I think the maintenance only less than RM200.
QUOTE(tinkerbel @ May 12 2008, 09:40 AM)
@Pennywise,
Condo maintenance is calculated based on the square feet so take whatever figure (15-25 cents) and multiply it by the built-up of ur unit and voila, U get the rough estimate of ur monthly maintenance fees.
Also, U do realise it's going to cost u a lot more to have 2 homes?
tinkerbel,
Thank you for teaching me what i meant by 15 - 25 cents, etc. Appreciated. Yes, I am aware of the cost and commitment is not short-term. That's why I have to think carefully on this and if invested, should be of good location and someday if wanna sell, would not be difficult.
QUOTE(livingmonolith @ May 12 2008, 12:46 PM)
PJ has some decent condos available at 180-250k along LDP highway, perhaps you can check out kelana jaya area with condos booming in that area. a bit bad on traffic though if you ask me. high density too. if you're looking at those low-rise condos, i think they're a bit out of your budget, some of the cheapest in PJ area cost at least 300k.
bkt jalil will have some decent ones too, and are within your budget as well. there are some condos/apts further in from the one that you mentioned, the one near IMU (vista komanwel if i guessed correctly the one you're referring to).
an easy explanation for the maintenance fee. it's counted per sq feet. say your maintenance fee is RM0.20, and your unit is 1000sq feet, your monthly maintenance fee would be 0.20 x 1000 = RM200.00. hope it helps.
your 2k max is inclusive of all these maintenance, utilities fee or exclusive? i'm assuming inclusive, since your monthly installment for your budgeted property wouldn't be that high. but if you can afford to pay 2k a month, i think you can look at condos around 300k as well, which in a way, should promise lesser units and lower density in population.
Wowww.w... longest post and very informative. Yes, I dont like high density areas. Anggap I anti-social! Hahaha... KJ is jammed up on LDP and I dont quote like the area. Bkt Jalil is worth looking into as its quite near to the city > OUG > Federal > Pusat Bandaraya. I like it too.
RM2k or less (around RM1.5k) is inclusive of maintenance but not bills. I dont think our bills will be very high if we only live there a on weekends or on the days we're too tired to drive back home.
QUOTE(Pai @ May 12 2008, 01:34 PM)
Check out Casa Suites studio's in Damansara Intan, completed and I beleive still got developer's unit, circa 200k+
Also worth checking out is Pelangi Damansara Sentral at KotaD, a studio cost less than 170k. However, wont be ready for at anytime before 2010.
Reason why I suggested studio's -> Faily easy to mantain, and has a fair record in terms both rental and capital gains.
Hi Pai,
You sound like a pro at this... Sorry, I'm new to these terms but what's a studio? (*please dont fall off your chair) By the way, where is D'sara Intan?
QUOTE(Pai @ May 12 2008, 02:17 PM)
Depends on one's perspective. Your r right to point out that there's much, much bigger pool market for 3 bedrooms condo. However, bare in mind that there's much, much, much bigger supply for 3 bedrooms condo as well.
In fact, its easier to dispose studio's due to the following reason :
1. Cheaper entry cost as its smaller comparatively to a 3bedroom unit. Plus TS wanted to use it for their weekend getaway or rent it out, so I think studio fits the bill.
2. Higher rental yield. Using Amcorp and Casa Mutiara as an example, a studio unit (cost 160k) can be rented out for up to 2k, but the 2 bedroom (cost 310k) current rental rate is at 2.8k. Capital gains for studios has generally outperform the 2b or 3b within the same development.
3. Lastly, high rental demand but limited supply. U wont believe how fast I cant rent out my studio's and the returns im getting.
Woww... this sounds very convincing. Anyway, I wont post anything unless I know what's a studio. Lol... sorry!