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 Faber Condo's @ Taman Desa, Investment

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post Aug 30 2009, 11:28 AM

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QUOTE(Minolta @ Aug 30 2009, 09:56 AM)
agents say bout RM1k/month easy without any retouch etc. Tenants prolly low-end "expats" or budget locals. But put in another RM25-30k reno, can go RM1.4-1.5k.

Return is ok, but Faber Ria is old.....I mean really old. But freehold. I just don't want to be overpaying something like this.
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I don't think Faber Ria will appreciate much. Personally, I won't put in another RM25-30k reno on a property that won't apprecaite as I will need 4-5 yrs to cover it back. Indirectly, u are locking urself down for 5 yrs to cover back ur reno cost & by that time, ur reno will be out dated & won't add value to the property.
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post Sep 1 2009, 11:01 PM

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QUOTE(Minolta @ Aug 31 2009, 07:17 PM)
I think I'll stick with my initial plan for a landed in Tmn Desa.
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Just heads up. Valuation varies alot with Tmn Desa houses.
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post Feb 11 2011, 10:42 AM

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Major renovation is an issues as the internal pipes are old. Expect leaks & complains from your neighbor about it.

 

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