Jan 20 2009, 10:17 AM
QUOTE(Pai @ Jan 20 2009, 01:15 AM)
jwrx,
At 90% financing, will the Nadia condo still yields u positive cashflow? Else u could get better COCR elsewhere, no?
Actually went to see DPC about a year ago, liked/loved the place and the concept, even checked Nadia, but I walked away due to :
1. Rental yields is low(I use this and COCR as a basic indicator to see if an investment is a viable one, as "positive cashflow" is rather easily tweaked), plus tenant liquidity was an issue back then. No sure how much things have changed in 1 year, perhaps u could enlighthen us.
2. The whole DPC was relatively empty....... and I came away thinking ppl who bought into DPC are mainly speculators. And developments where the huge majority of the purchasers are speculators dont often ends well, unless u have a big pile of reserves to hold the property for a few years. Think this Nadia subsale upon VP was selling at developers price, and it took more than 1 year before price levels actually took off to a respectable levels.
Anyway, good luck in your hunt
You should take a look at it now. It'll answer the bold part. At 90% financing, will the Nadia condo still yields u positive cashflow? Else u could get better COCR elsewhere, no?
Actually went to see DPC about a year ago, liked/loved the place and the concept, even checked Nadia, but I walked away due to :
1. Rental yields is low(I use this and COCR as a basic indicator to see if an investment is a viable one, as "positive cashflow" is rather easily tweaked), plus tenant liquidity was an issue back then. No sure how much things have changed in 1 year, perhaps u could enlighthen us.
2. The whole DPC was relatively empty....... and I came away thinking ppl who bought into DPC are mainly speculators. And developments where the huge majority of the purchasers are speculators dont often ends well, unless u have a big pile of reserves to hold the property for a few years. Think this Nadia subsale upon VP was selling at developers price, and it took more than 1 year before price levels actually took off to a respectable levels.
Anyway, good luck in your hunt
As for ur previous post on the traffic jam, I seriously doubt there is traffic congestion there except in Jln Kuching towards Kl during peak hour. Other than that the LDP seems fine even during peak hour. Anyway, since you are not living there, how would you know there isn't other accesses?
I ain't speculators or investors but I live near DPC for a long time, funny how i never experience those traffic congestion that u mentioned.
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