Tmn Desa is a good, matured locality. It's near the bustling MV just a short distance to KL city. However, with lots of supply and very few or no new developments with good concept in Tmn Desa, there is no much room for capital appreation. No doubt, it has quite a good middle-class mix.

Just heads up. Valuation varies alot with Tmn Desa houses.

Hi all, I have did a little of return analysis based on the information I acquired on Faber Ria studio.
Please check the attached PDF file for my COCR analysis.

Personally would like to ask master Phoeni, the at least 35% COCR claim seems difficult for me.
Based on my analysis, I can only get 20% COCR with rental of RM1,100 and maintainance fee of RM150(I don't know the real rate )
And that is based on below market price purchase.

Mind to entertain me master Phoeni and master Pai?

 Amortization.pdf ( 175.13k ) Number of downloads: 509

kbandito,

its the "cost of purchase" variance between your's and Phoeni's that makes al the dif in COCR.

Nice calculator btw .............

Alright, so with RM5,000 furnishing and no reserve fund for rainy days I can get 35%.
But that is hell of good deal Phoeni!

I tried to upload the excel calculator but LYN doesn't allow this extension.
By the way Pai, I remember you came out with a spreadsheet of your own calculator as well, I might have use of that to improve my calculator.
If it is possible, email to me at ah_lek2003 @ yahoo.com

Life is about variables. Depending on the changes in the variables, you'll get a different outcome. Same goes for your analysis.

1. My acquisition cost is RM 123K. I bought it fully fursnished from a motivated seller. It didn't have the latest high tech stuff - but the necessities like fridge, aircond, dining tables and all the rest were there. In other words, your acquisition cost of 130K unfurnished is relatively higher.

2. My furnishing / reno cost - is only RM 3.9K - for a basic paint job, and changing the toilet seat and taps. You're spending 18K on furnishing? this obviously causes your COCR to be diluted.

3. My monthly installment to the bank is RM 523 per month. Yours is RM 559. I'm sure u can get a better rate that 4% at ZEC.

4. Maintenance fees + Sinking fund there is RM 160 per month. Not Rm 150.

5. Why are u paying for legal & facility fees? I pay none. Suggest u consider a ZEC package which will enhance your COCR.

6. I'm extremely particular about the demographic of my tenant. My rental is RM 1.2K per month, fully furnished. (unfortunately, I had to lower this down from 1.3k - economic crisis...sigh) Oh, I spiced up the place with some cheap but tasteful art and home decor items which my wife sources from Bali and Thailand. Sometimes, cheap but tasteful aesthetics go a long way. About 1K? Have to ask wife

You input in the variables above and i guarantee u a COCR of more than 35%.

By the way, units there at fair prices there shld go for a COCR of at least 24 to 25%. U can trim down your cost for a better return. I suspect I was "lucky", and got a good deal at point of purchase. That's all.

Nice PDF presentation, by the way. Learned a few things from your template.

This post has been edited by Phoeni_142: Sep 9 2009, 04:25 PM

I tweaked with your variable and able to get 35% COCR bro Phoeni.
But guess the purchase price is seriously under market price hence the high COCR.
How much is the bank valuation for the studio btw?

---

Added on September 9, 2009, 7:34 pmI tweaked with your variable and able to get 35% COCR bro Phoeni.
But guess the purchase price is seriously under market price hence the high COCR.
How much is the bank valuation for the studio btw?


This post has been edited by kbandito: Sep 9 2009, 07:34 PM

to be honest - the bank valued it at 123K, and I was fine with it.

when I looked at the valuation report, there were 2 other studios which were transacted within the last 12 months of my purchase. One went for 120K, the other 145K. In short, your 130K is not too bad a price.

I suspect your COCR was deflated by reno and legal costs, bro. secondly, i think u were a bit too conservative in your assumption of a financing package. U can easily get a ZEC package at less than 4%.

difference in your DP of 13K and mine of 12.3K won't make a material impact on the COCR equation.

update us on what happens, mate.

This post has been edited by Phoeni_142: Sep 9 2009, 09:21 PM

Hi all,

Mind to share what's the rental in faber ria? i'm thinking to get low rise duplex 950 sqf @ 220k.
will i be able to rent it for RM 1,200 per month?

Cheers, thx heap

dear all,

i'm looking to move back home to malaysia after working overseas. i am keen on either renting or buying a studio or 1 room unit in the vicinity. any thoughts on which one is the best (all things considered)?

thanks

I got a studio unit for sale at 155k, 474 sf, partly furnished(RM950/month). Rental rate can reach 1.2-1.3k for fully furnished. Interested investors or buyers can PM me.

I agree with the fact that faber ria dont appreciate much but the return is really good(must buy at the right price though)

i am dreaming to buy one condo in taman desa for own stay. because i figure out it is a nice very nice place to stay. very convenience to any part of KL. but for investment, i think other location will perform better

i personally prefer taman desa but my friends say faber design condo outdated like Casa Desa. they go buy condo in Kuchai Lama like Dynasty Garden, Continental Heights, G-Residence, etc
they say more happening there.

where's your apartment at, chief?

hunting again boss?

not really. DId not expect a reply too....

anyone knows the current bank's valuation on a faber heights 608sf 1 bedroom unit?

Desperate seller? Another indication property is going to drop...

What would be a reasonable price for midfield 1,100sq feet currently then?

Hi to all sifus here. I'm a young professional currently looking for a place to stay with my GF as we will be moving here sometime end of this year. One of my uncles reccomended this area (Faber Ria Condo), for convenience, peace (low density, and mostly professionals staying here) and affordibility.

Any sifus familliar with this area? How's the security? Also, I'm looking for a larger unit, preferbly >1300sf, what's the usual asking price for such units?

Also, any other advise is much appreciated.

Thanks in advance.


This post has been edited by Kain_Sicilian: Feb 11 2011, 02:20 AM