need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

need retail component n full redevelopment of the area.. i mean if u wana wait another 6 yrs for mrt u would bleed dry in 2 yrs n construction noise will lose u many tenants..

that alala is in a slum n can only depend on lrt everytime..headache liao mus take mrt for bfast then lrt back...

no problem renting out my unit since 2 months after handover in 2013 May , after paying maintenance and bank installment, i am still get a net profit of <> RM1000 every month.

and my tenant who is an expat is perfectly happy living there and renewing the lease, the family especially likes the recreational facilities and the KLCC , short drive to Intermark for their food and drink, free hourly shuttle bus to KLCC , et cetera ...

i suspect not every segment of the market likes mix rice, and SSR is certainly not catering to people who eats mix rice downstairs every day.

i think u quote him wrong cos this is the WORST located condo in KL being near NOTHING..thts what he means la.. u look at the prices yrself.. block 3 selling for lower than todays prices.. occupancy aso very low.. no shops lrt nothing nearby..

mind telling us your purchase price and rental?
i think you are lucky to get your tenant.

the facilities are alright, but they are not exactly well-maintained now, are they?
i think many people are not paying their maintenance fees, because last time i was there, a couple of stuff was broken..

Setia Sky has one of the most comprehensive facilities in KL region. To make up lack of location or public transport, 2 shuttle vans are serving residents and it's a hit.

Not sure where u get ur occupancy data but for Block A & B, it is hitting 70% after 2years from VP. as for Block C where it was VP-ed end of last year, the occupancy is still low maybe 20% where data is obtained from management office. Especially when the big sizes in Block C are asking much higher than block A & B that sold much lower price and can ask for lower rental.

It really depends on what tenants want. Just put in perspective for similar budget that you can get compact 1 bedder in KLCC condo with smallish facilities area, you can get spacious 2 bedrooms with its own private lift lobby, condo with comprehensive facilities and come with free shuttle van to KLCC.

You are so lucky to get your unit tenanted fast. My friend is still struggling to get a tenant after 2 years of VP. She complains most rental enquiries are from Middle East people, especially Iranians. Also, she is unable to sell her unit either, as the secondary market in Kg Baru in particular is dead.

KLCC is a big place, KL is an even bigger place.. I can name many other condos that are not in walking distance of restaurants and LRT, think TR231, Dua residences, those in Kia Peng and U-Thant et cetera. I honestly think that your choice of words reflect your own prejudices than an objective view.

And as a local , I live in a typical suburban area in PJ, i can't get get anything unless I drive for a 5 minutes distance. I don't see the difference with walking 15 minutes or drive 5 minutes from SSR to Intermark.

Maybe I am damn lucky, then I guess the other 70% of owners who rented out their unit are also lucky

This post has been edited by alovelyday2007: Jul 30 2015, 08:10 PM

Maybe your friend is pricing the rental price wrong, or maybe her unit is not furnished to appeal to the target segment, maybe her unit is on a low floor with poor orientation, or maybe she is is not using the right agents with the right contacts or network or give her high priority ... there are so many reasons why she should not be in the property market....

I should better keep my bag of tricks to myself , And not make everyone so smart. Hahahahah just kidding

i walk from dua residences to KLCC before.. how oh? i said NOTHING nearby which reflects tht its a condo in the middle of nowhere trying to get expat tenants.. but those tr231 is in a prime area with many opis nearby..

If this apartment doing so well why price flat for so many yrs?? 3 yrs ago block c launched for 1000psf n today still 900psf...

In 2011,
Thinking of investing in unit 1335sq.ft., RM1.2 mil...

Developer offering DIBS, free legal for SPA and loan... as most of the developers in the market...

in 2015,

RM 1,250,000 (RM 907 psf), Built-up 1,378 sf

http://www.propwall.com/classifieds/579748...le-by-aaron-lam

the fact tell the truth....

My friend bought first phase unit about 750psf few years back ...with DIBS.. at the same time...I also bought a property at Cheras Selatan aka Balakong.... he laugh at me said I invested at wrong location...

now...my unit oledi appreciated about 100% with ROI 6%.... but his one appreciated not more than 40%.... ROI about same....

Now Cheras Selatan become very ong place....Jalan Tun Razak (North) aka Kg Baru still same....



This post has been edited by bigman: Jul 30 2015, 08:44 PM

y sky residence the subsale still below 1000 psf? wonder...

mayb no mix rice stall nearby?

Investor like me...the very first criteria to invest is must has mix rice non-halal stall within 1km radius....if no...this project will struggle...

The Capers think doing better than this...

This post has been edited by bigman: Jul 30 2015, 08:52 PM

Capers REALLY struggling also n my friend rented a unit there for merely RM2k for 1.1-1.3ksqft unit which is RM1.7psf before maintenance.. u can see propwall the asking rental n it goes much lower than that..

But i dun think mix rice stall is important but the guy dun understand no mix rice, no western food, no food.. jus starve if hungry at night n wana eat

Not a fair comparison IMO.... Different class of property and prices. Some buy one bungalow RM3m but make RM1m ROI however how many Condo that you need to buy make RM1m? Also amount of works that involved in managing tenant and profile of the tenant. If your property is in KLCC where some of the expat's rental is paid by company, you have lower risk and secured payment.

I think most of the high end condos in KLCC have been stagnanting except if you buy smaller units. The phenomenon is not only limited to Sky Residence. The Dua already stagnant around RM850-900psf since 2008. It is issue of affordability. However rentalability is another matter altogether.

However with most mass market now even asking RM600psf onwards and some so called luxury condo in OKR and Kota Damansara asking RM1300psf, it will be interesting time to see in next 3-4years.....

for ur info...i paid same amount money tat my friend paid....only different place only....

tats y i smarter than him lor

Property investment is long term journey. some with proven strategy will repeat and reap the rewards accordingly.

Agree...

bruder, what rates are you renting it out for? 4rm psf?