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> Sunway Ridzuan Condominium, Sustainable rental return ?

dEviLs
post Jan 2 2009, 02:27 PM


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My friend recently bought a unit at Sunway Ridzuan condo for RM210k, down payment was 30k so he took a loan for 180k with monthly instalment 1k and the unit was then rented out for 1.6k.

Sounds pretty good deal and after searching I found few units are for sale too, I know the condo is located nearby few colleges and thus occupied by a lot of students.

That sounds pretty good deal for me but not sure if the price will go further down amid the current economy and also whether the high rental rate is sustainable or not unsure.gif

Feel free to comment biggrin.gif
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Pai
post Jan 2 2009, 08:14 PM


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Dont think the current rentals would be sustainable with the upcoming new supply of the new 4 blok condo (forgot its name).

Think the condo has like 500 units with 4 bedrooms each --> that 2000 new rooms, in a newer condo(another disadvantage for Sunway Ridzuan).

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merce
post Jan 4 2009, 07:53 PM


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same here,


I too had once plan to buy Ridzuan condo for rental investment, but it appears that more and more high rise project is going on over there. With the current traffic condition i fear that place is going to get worst once the tenant starts moving in there.

i shifted out from there 4 months ago. smile.gif

besides, i heard that Taylor's college is going to moved out from there as well, the one at Bali square. (rumors i heard flex.gif )

I would rather look at somewhere else, as i see sunway is getting too congested already... and from the looks of it, its going to get worse.


just my 2 cents



Regards,


Merce Chua
Mortgage Sales Executive
OCBC Bank (M) Berhad
019 - 913 1127
ChuaCChie@OCBC.com
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shadowz
post Feb 5 2009, 02:32 AM


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Heyya,

Im a Taylors Student at the Bali campus. The 'rumors' of moving is true. Taylors college intends to move to a proper large campus end of 2009-early 2010. If I am not mistaken it is to help their goal of being declared a University rather than just a University College which it currently is. I believe the campus is supposed to be 15min away from the Bali Campus near the edge of Puchong or something. I did not pay very much attention as I shan't be studying there once the campus has moved.

As for Ridzuan, the last several years it was very much the student choice but with Suriamas right across from it (new - completed and people moved in these last 4-6 months if I am not mistaken) now there is stiff competition obviously.

Not to mention there are several ummm... not nice problems and cases at Ridzuan which makes it a turn off for some. Mentari Court is even worse.

If you are counting on students for rental yield I suggest you look elsewhere as it shan't be so easy after 2010.
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rubeniser
post Feb 5 2009, 08:19 AM


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and not forgetting the new taylors campus will have its own hostel once it is finished.
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Winters
post Feb 5 2009, 08:32 AM


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If I'm not mistaken, the new Taylors College would be located just behind Lagoon Perdana, around Sunway Hospital Area...
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lye
post Feb 7 2009, 01:08 PM


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it's beside McDonald, Caltex, behind Kampung Lembah Kinrara


nearby apartment/condo:--
Sunway - Lagoon Perdana, Mutiara Court Apt,

Bandar Puchong Jaya - Villamas Apt, Sri Bayu, Koi Kinrara (serviced apt)

map:-
http://wikimapia.org/#lat=3.0629746&lon=10...search=villamas
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ah_suknat
post Feb 8 2009, 12:26 AM


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if he bought it 10 years ago, it would be perfect timing.

he would be lucky if he can just break even in the upcoming years.
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budak_bagus
post Jun 17 2010, 04:06 PM


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hm.. lately i noticed for 1 bedroom, the selling price is about rm135 k - 145k .
i heard the rental can go to rm1k per month. look tempting wink.gif
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Ridzuan.condo.pj
post Oct 18 2012, 01:23 AM


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Hi guys,

A Ridzuan Facebook is available to visit now.

Welcome to our page at
http://www.facebook.com/pages/Ridzuan-Condo/354068361351706

Don't forget to like us ! =)
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kyLL
post Aug 28 2013, 09:06 PM


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this the same ridzuan thats in the papers now? trolol.

http://sg.news.yahoo.com/subang-condo-ban-...-225600704.html
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