My Name is Jeff W H LIM,
Owner of D-15-7. (994sf facing KL)
I signed my SPA on January 2009 (ie. VP date Jan 2012).

That's my unit... I'm owner/agent. Revised Asking price to RM410k

Agree, my Instalment are RM1176 p/m. So easily can rent out RM1600... Positive cash flow...

But based on my dad's experience... He buy/sell 15 condos...

Need to spent AT LEAST RM15k fit out the Unit before renting at decent price...

Here's the breakdown:

1) Simple Kitchen Cabinet RM3,000
2) Iron Grille RM1200
3) Water heaters (2x Panasonic) RM900
4) Lightings: RM1800 (est)
5) Fans 2x (RM300)
6) Air cond points (2x) with Cornice to cover up the wirings RM2000
7) Air cond Master room RM1100 (1hp Panasonic)
8) Better kitchen sinks wet and dry RM300
9) Washing machine (RM900)
10) Fridge: RM1200
11) Simple Wardrobes: RM2500
11) Subtotal RM15,200

Rent all above = Partly furnished...

I think should be able to rent out RM2000+/- after above reno...

No way... TRY NOT TO RENT TO Africans. They damage your property... Don't believe just visit Pelangi Utama and Palm Springs... Both infested with Africans...

Middle east and China National is Okay...

Normally, my friends Appoint 1 main tenant and sublet to 3-4 of their friends... He'll take the 2nd biggest room. He sublet the master room and 3rd room... My friend is a Chinese from Sibu. Small town ppl cannot afford to buy WHOLE Unit...

This post has been edited by Jeff_lwh: Jun 7 2012, 04:54 PM

Also, we have a thing called "Ministry House". OR ministry Apartment. Up to 6 person share the House/Condo/Apartment... Ie. up to 6 persons chipped in the RM2,000 rental.

All working people OR all students...

They make the house/apartment/condo available once a week for Care/Life groups... Christians should know what I'm talking about...

What's wrong with today's potential buyer... RM392psf aka. RM390k also complained expensive. Mine is 994sf, 3r/2b. 15th floor facing KL. I'm so pissed that I told her, "IF YOU CAN FIND a NEW CONDO with PJ address CHEAPER than 392psf call me, I also want to buy...

ANy update pong85? What's the outcome?

I haven't got my letter yet. So those who got the key stop complaining... My unit is D-15-7.

I think he means RPGT. Real prop gain tax.