tag:blogger.com,1999:blog-6855368753366241058.post1271173136125809090..comments2023-09-08T12:28:27.562+03:00Comments on AWong Investment: 228 Selayang Condo (Aveda 228) by Mahumas Sdn BhdUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6855368753366241058.post-434510410230876492011-12-04T19:55:58.478+03:002011-12-04T19:55:58.478+03:00CK,
Sorry for the late reply. Been bz recently.
...CK,<br /><br />Sorry for the late reply. Been bz recently.<br /><br />In Klang Valley, normally condo rent return is better than landed properties. <br /><br />For kajang area, don't think it is easy to rent out for a price which able to cover the mortgage (as mentioned above in my blog).<br /><br />FYI, condo like Dynasty Garden in Kuchai Lama, size 1120ft2 only able to rent out approx. RM1600 per month. The location is much closer to KLCC.<br /><br />RM30k in 3 yrs time? Lets say based on RM275k. RM30k is just approx. 11% return in 3 yrs. Don't forget this is just a simple calculation, haven't deduct bank interest, maintenance fees etc. <br /><br />It is better to put it in the bank as currently FD a/c give approx. 3% interest per annum. :)<br /><br />Good luck in ur investment!AWongnoreply@blogger.comtag:blogger.com,1999:blog-6855368753366241058.post-25950036623097246712011-10-26T16:47:26.470+03:002011-10-26T16:47:26.470+03:00Hi AWong,
Im kind of agreed with your view on the...Hi AWong,<br /><br />Im kind of agreed with your view on the 228 Selayang. Especially on the specific location and the expected rental.<br /><br />The main concern here would be the entrance as well the exit for this condo, which i think doest not create a smoother flow. Located at a distance from the Selayang Pasar borong, and surrounding is industry area. <br /><br />Looking from investor point of view,I doubt on the expected rental that sufficiently cover the mortgage.<br /><br />A minimum of 30k would be materialised after 3 years time, according to the sales person. Which i think is kinda low and 3 years is not worth to wait, a higer capital could be achieved in 3 years time couple with appealing condition of property market right now.<br /><br />How do you find the possibility of this condo being rented out, and the increase of its price in another 3 years time or more.<br /><br /><br />Regards,<br /><br />CKAnonymousnoreply@blogger.com