Hi guys,
Wanna ask your opinion on Millennium Square at Petaling Jaya section 14. Any owner here? Was wondering is it's a good investment. Currently , i got an offer of Rm280k for an unit here. Hope you can share here!!

think the yields are not bad for the smallest unit (+-900sqf@220k). Very convenient and with LRT nearby, cant really go wrong if u r keeping it for long term. But at 280k its not really that cheap though.

Where you got the info of 900sqf@220k? Very hard to find unit for sale here. Ya i agree that 280k is not cheap. waiting for another month and try to negotiate the price with the owner by then.

From theStar

On fact there was ab auction unit that was going for 192k 3 or 4 months ago.

will have a look for upcoming ones. hope can find a bargain next year

Just wondering if Millennium Square is freehold/leasehold. Can anyone tell me please? thanks!

It's leasehold.

your place is good for invest but the price u get for this unit is slightly higher. maybe you should try to nego with the owner

hi, have u bought the unit at millennium square? I'm interested in buying one.... Any suggestion where to look for seller?

u got it oledi? im also interested...

anyway, it is a good place for invest (my personal opinion)
coz utar student, workers like to stay there, find a tenant would not be a problem
and there are a short cut for resident direct go to the lrt station...
but make sure ur rental is enuff to cover the installment
if 3 rooms, at least can get back RM1200 rental...

but rm1200 rental for a property of rm 200k above is quite or almost negative cash flow. i think 180k loan a month also must pay close to RM900-1000.

How much is the maintenance fee 0.20 or 0.30 SF?
And PJ assessment fee is also on the top side. I think have to really calculate to even brake even.

my 2 cents.

yup, maybe it is almost or negative cash flow, but how about after 30years? i means after finish paying the installment.

the property still belong to u, and u can "untung bersih" from the rental.
the rental in pj at that moment not only RM1200 anymore...
the rental keeps rise up today, somemore is the property in such "good location"

how many years left for the leasehold?
if less than 70 years, try to negotiate with the owner by this point...

above are my personal opinion, anymore info or opinion also can share...

yes...that would be ideal to own a home after 30 years for "free"
But i hope you have spare cash in hand cause, there are many things to consider.

If positive cash flow then the cash you generate positively would ease you as you know, u need to repaint, fix or repair wear and tear if fully furnish u need to update electrical goods from time to time.

All this comes without warning, if negative cash that means u gotta fork our from your curent pay and i have seen it does affect the person.

Another thing is PJ rental on the rise? I tell you from true story ya....now bad times and as you know u cannot predict good and bad times. Tenants in fact now have started to demand reduction due to this climate.

All in all my view is....for investment it has to be positve cash flow or else your current lifestyle will be affected and knowing humans don't like to move from comfort zone!!

my 2 cents again!!

Not sure, but I know PJ8 studio owners now asking 1.8k-2k per month for rental. Amcorp studio's rental has dropped a bit to 1.6k-1.7k levels.

So honestly doubt that Millenium Square rentals will drop as the current rentals IMO is quite afffordable.

anyway, pretend i m a worker or students here, i m surely find a room in millennium squash.... walking distance to lrt, safe ( i means got guard house lar), clean and new environment....

u may do more research b4 u invest it anyway....
there are only our personal view... cheers!!!

walkable to which LRT?

the one opposite armada hotel, or next to menara axis.

Pai,
walk to asia jaya...
i remember u can go thru the lrt station from the shortcut of the plaza...
double check
coz i saw the signboard there b4...

Heya bro,

If yr interested...

PJ Millennium Square Condo Section 14 PJ

- 2 bedroom, 2 bathroom
- High floor
- 2-carpark.
- Move-in condition.
- Grilled (invisible grill)
- Complete with fixtures and furnishings
- Most importantly for condo living, nice neighbours beside and in front! (complimentary intro if you purchase!)
PRICE: RM280K

PS: there is a pathway to walk to the Asia Jaya LRT, open frm 7am-10pm.



Call : Kim 012 327 9717 to view.

This post has been edited by thediablo: Jun 11 2009, 12:24 AM