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Financial Is property going to drop?, General property price discussion
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humbble
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 Aug 25 2008, 09:37 PM
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Getting Started
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QUOTE(billytong @ Jul 28 2008, 01:04 PM) Long term in the sense of what ROI. If it takes a property raise its value 50% in 10yrs, then it is not a good property. I usually like to look for those that I can get 15-30% ROI within 3yrs. I just bought a property in Bukit Indah by Setia Corp in JB, the price was RM230,000 8 mths ago, now, with the same dimension and built-up, they are selling at Rm325,000. I am tempted to sell but it is really a good location.What is the ROI in % humbble |
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humbble
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Aug 29 2008, 11:26 PM
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Getting Started
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QUOTE(joe_mamak @ Aug 26 2008, 02:47 PM) I think he just bought at RM325,000.... I really bought it at Rm230,000-00.The problem is, I bought my MRTA which costed me around 20k.If I sell the house like Rm300,000. What would be my profit like? The MRTA cannot carry forward to other properites? I am very sure this Rm325k is cost driven due to high building material cost instead of demand driven. As for IDR.....erm....I work in the PTP .Infrastructure not much changes. I bought it because Jusco going to be ready by end of this year,it is 22km away from my work place, and 5km from my in-laws house.The location seems perfecto to me. My house is very small only 20x65. I was fooled by the show house as the show house feature semi-d style.sigh...Houses around that area still available from Bank lelong but my wife said fengshui not good,stay already will shuay,have to repair and repaint,lawyer fees..blah blah... humbble |
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