I know an owner of a unit at Elita, Straits View Condo. He told me he expects to rent it out for RM6.5k, fully furnished. He has another at the older block renting it out for RM3.5. Don't know if he will get such a tenant.
Rental will be tough unless you are a local qualified to buy those $300-500k RM condo/landed properties with 2 or more bedrooms near the 1st and 2nd links. I think this range will remain sustainable as more internal migration from the northern states come to JB and SG to work.
I know an owner of a unit at Elita, Straits View Condo. He told me he expects to rent it out for RM6.5k, fully furnished. He has another at the older block renting it out for RM3.5. Don't know if he will get such a tenant.
The other alternative is to rent it out at lower rate and adopt the mindset that you are paying a "subsidised" monthly instalment on a property, though this mindset is hard to keep if you have many properties under your belt.
Ya, it is possible to use EDL. My worry is the discerning tenant, with so many new units coming out for rental is difficult to find.
Anyone knows what's the projected population increase of Zone B from this year 2014 to 2016 in 2 years time?
I read Nusajaya has 500,000 people now.
Zone A is the worst zone so far, in terms of units being built. I have a unit at Zone A, thus I will not invest in Zone A anymore.
I'm more interested in Zone B.
This should be another 'catalytic' driver for Zone B.
1.5 billion dollar Ascendas Tech Park has started building.
http://www.mynewsdesk.com/sg/ascend...-nusajaya-tech-park-iskandar-malaysia-1007539
What do you guys think?
Agree. Try not putting all your eggs in one basket. Rental market will pick up only in 2017 provided all the stars align. I.e. hospital ready, fastrack operational, ascendas factory up and running, msia and sg dun quarrel, high speed train start building, no big world crisis..... to sleep well, MUST have holding power.
Hello, Anyone heard of development from Bangkok? Saw that there is a new and quite popular condo coming up at Siam which is quite near all the tourist areas. like MBK, Siam Paragon, Platinum and all. Sounds quite good.
Let me now if anyone of you has gotten a property in Bangkok.
i actually saw the property here
Does anyone knows normally how long does it take to rent out a condo unit in Zone B? As usual, like the other condos, it is near Educity etc.
If my monthly instalment for a 900+ sq ft 3 bed room unit is RM2800 / mth (including maintenance).
Assuming I do not intend to reap any positive returns in the first 2 years, can I rent out at RM2800, or more RM3000, or lower RM2500? How long will I need to wait? 2 mths? 6 mths?
This will only happen in 2017.
I just need to cover the MOST IMPORTANT aspect, the monthly loan of RM2500 / mth actually. The maintenance fee of RM300 I can absorb actually.
Please advise.
Hello, Anyone heard of development from Bangkok? Saw that there is a new and quite popular condo coming up at Siam which is quite near all the tourist areas. like MBK, Siam Paragon, Platinum and all. Sounds quite good.
Let me now if anyone of you has gotten a property in Bangkok.
i actually saw the property here
can you afford to leave it empty for a year? if you can't please don't take the chance. who can tell what the rental is in 2017? Nobody!
I tend to tell my friends to buy a unit only if he is satisfied that it is an alternative home for him. Unless the location is very good, it could be a long while for the discerning tenant to come along. I share with you the story of my neighbour. About 10 over years ago, a new development with good views of a golf course was marketed with a lot of fanfare. It cost around RM380,000 for a 3-room unit. My neighbour did not want to stay there and kept it as a long-term investment. So her asking rental was around RM1,000 per month for the 3 roomer. The rental has been used to pay for the maintenance fees and sinking fund. Luckily she paid for it in full. Had she taken a bank loan, she has to come out money to pay for the mortgage loan. I am not trying to dissuade people from buying but do the sums first and make sure the location is good.