I respect your principle of not acquiring the low cost flats in order not to inconvenience the target group 👍” if I cannot be the solution, then I don’t want to be the cause of the problem..”
Goodwood rent increased from 2500 to 3500 unfurnished in two years, similarly their transaction price increased by 10% over two years… Based on iproperty, fully furnished is now 4,500 and above which means 6-7% ROI!
The all time valid answer is PRICE PRICE PRICE. Doesn't matter which location you bought, if you buy at the right price still profit... You can buy 100k property in kluang and still make profit, or you can buy 599K property in KL and still lose hell lot of money. Warren Buffett once said: “Price is what you pay, value is what you get.
On your stand about low cost flat purchase, yes I totally agree with you. 1) What about putting partitions to earn more money ? 2) Even legally may not be wrong, how about ethically ? Many property Gurus have advised their students to do that. Is that fair to own stay residents ? It is artificially increase the already high density on most projects these days. And more illegal car parks within the vicinity.
I believe besides earning more money, putting up partition allows one to have more privacy. Imagine 4 people in 3br+2br setting, meaning 2 people will need to share bed together. I used to rent in those setting, but end up sleeping in living room because I dont want to share bed. Also, it lowers the monthly commitment for tenant. Again, I end up paying rm350 for sleeping in living room and the others dont mind as they only need to pay rm400-Rm500. Without me, they'll pay rm500-rm700 each. The extra rm100 matters back when my salary is RM1.7k. I understand the own stay residents may not be happy with the extra tenant though.
@@hardy_1990 If it is meant for a room, it is not supposedly to have partition regardless whether to earn more money for owner and/or cost saving for tenant. That is how property gurus generally educate their students. Is the same if the owners do Air bob when it is not allowed to. To me, these are irresponsible and non civic minded owners.
Union suite in sunway has one of the best return in the klang valley. My friend paid 480k for a 450sf unit before covid. Today the market price is 1400 psf and asking for rm3000 for a studio unit. Mind blown at this return
@iherng, I feel you have a very bad impression on bangsar south everytine people mention it. Is it because of Far capital influence as i know they fail to oenetrate that area as UOA refused to deal with bulk purchasers. Or you are heavily in eated in that area and dont want further conpetition. Goodwood when VP is not good ROI, but as someone mentioned earlier, the rental has risen and as a result even their large units were sold. Samething happened to laurel,.launched during MCO everyone shunned it. But it has seen papergain of 100k on their smallest unit even before handover.
No lah. I actually booked a unit in Bangsar South during HOC time but the developer refuse the honour the discount, therefore I missed out. I’ve always been positive about it. Well they are already in Bangsar South since the initial stage of the address but that has nothing to do with me. My point is why focus only on one address when we have so much more? :)
u dunt only pay initial deposit and renovation cost. During 30yrs u need to pay govt land & assessment, condo maintenance, repairs and damage by diff tenants, indah water etc....rent wont cover all these rite?
@@iherng not minimal lo. Govt keep increasing the tax and assessment, with condo maintenance and repairs are main cost to look out....now a normal condo mthly maintenance also 300 to 400 per mth, not yet include the rest...u r too rich to see all these details d 😄
@@realmlee8803 after factoring damages,tenants, wear tear and the type of maintenance you do... 😂 i know a few of my millenial friends, they dont do much, just basic paint job, dont wash curtains for 10 years 30 years old got 15 properties seriously ,hawker style( cheapest ingredients) business model, long term , it doest make me feel great making profit quickly market will change...
Some says they don't work for Far Capital but other. Perks is good enough. try buying a below market new launch in Bangser South from Far Cap if possible >
I respect your principle of not acquiring the low cost flats in order not to inconvenience the target group 👍” if I cannot be the solution, then I don’t want to be the cause of the problem..”
Goodwood rent increased from 2500 to 3500 unfurnished in two years, similarly their transaction price increased by 10% over two years…
Based on iproperty, fully furnished is now 4,500 and above which means 6-7% ROI!
Thanks for sharing that awesome news!!
The all time valid answer is PRICE PRICE PRICE. Doesn't matter which location you bought, if you buy at the right price still profit...
You can buy 100k property in kluang and still make profit, or you can buy 599K property in KL and still lose hell lot of money.
Warren Buffett once said: “Price is what you pay, value is what you get.
Thanks for enlightened sifu
On your stand about low cost flat purchase, yes I totally agree with you.
1) What about putting partitions to earn more money ?
2) Even legally may not be wrong, how about ethically ?
Many property Gurus have advised their students to do that. Is that fair to own stay residents ?
It is artificially increase the already high density on most projects these days. And more illegal car parks within the vicinity.
I believe besides earning more money, putting up partition allows one to have more privacy.
Imagine 4 people in 3br+2br setting, meaning 2 people will need to share bed together. I used to rent in those setting, but end up sleeping in living room because I dont want to share bed.
Also, it lowers the monthly commitment for tenant. Again, I end up paying rm350 for sleeping in living room and the others dont mind as they only need to pay rm400-Rm500. Without me, they'll pay rm500-rm700 each. The extra rm100 matters back when my salary is RM1.7k.
I understand the own stay residents may not be happy with the extra tenant though.
@@hardy_1990 If it is meant for a room, it is not supposedly to have partition regardless whether to earn more money for owner and/or cost saving for tenant. That is how property gurus generally educate their students. Is the same if the owners do Air bob when it is not allowed to. To me, these are irresponsible and non civic minded owners.
In future, we may be able to teleport.
lol.
Union suite in sunway has one of the best return in the klang valley. My friend paid 480k for a 450sf unit before covid. Today the market price is 1400 psf and asking for rm3000 for a studio unit. Mind blown at this return
Hahaha. Your friend did the right move. The risk was to go for a property developer other than Sunway in Bandar Sunway back then haha;)
@iherng, I feel you have a very bad impression on bangsar south everytine people mention it.
Is it because of Far capital influence as i know they fail to oenetrate that area as UOA refused to deal with bulk purchasers.
Or you are heavily in eated in that area and dont want further conpetition.
Goodwood when VP is not good ROI, but as someone mentioned earlier, the rental has risen and as a result even their large units were sold.
Samething happened to laurel,.launched during MCO everyone shunned it. But it has seen papergain of 100k on their smallest unit even before handover.
No lah. I actually booked a unit in Bangsar South during HOC time but the developer refuse the honour the discount, therefore I missed out. I’ve always been positive about it. Well they are already in Bangsar South since the initial stage of the address but that has nothing to do with me.
My point is why focus only on one address when we have so much more? :)
Umur 26, gaji 9500, mungkin sdh convert dari Singapore dollar ke Malaysia ringgit
If entry price is everthing, then why go for subsale if got many lelong in the market? Specially now many guru or agent starting to adv lelong.
Hi Sifu, how about investing in auction property?
I made a video about it. Do check within the channel yea;)
Really Good Discussion For Bangsar South Tie 1 Location 😬but property investment is about buy the right price in good location =)
TLDW version: Entry price is everything.
Yupe!!
u dunt only pay initial deposit and renovation cost. During 30yrs u need to pay govt land & assessment, condo maintenance, repairs and damage by diff tenants, indah water etc....rent wont cover all these rite?
It's rather minimal based on my experience so far.
@@iherng not minimal lo. Govt keep increasing the tax and assessment, with condo maintenance and repairs are main cost to look out....now a normal condo mthly maintenance also 300 to 400 per mth, not yet include the rest...u r too rich to see all these details d 😄
@@realmlee8803
after factoring damages,tenants, wear tear
and the type of maintenance you do... 😂
i know a few of my millenial friends, they dont do much, just basic paint job, dont wash curtains for 10 years
30 years old got 15 properties
seriously ,hawker style( cheapest ingredients) business model, long term , it doest make me feel great making profit quickly
market will change...
Some says they don't work for Far Capital but other. Perks is good enough. try buying a below market new launch in Bangser South from Far Cap if possible >
Please jangan malah iherng sound as eeeherng or iii herng like i phone arh?🤔😐😅
Macam ipoh, eeeeepoh. So it's iherng;)
🎉
2nd ❤
Appreciate it!!
When you hear someone says location, location, location, known that he is just an amateur in property investment.
Hahahaha. A lot of people say such things on stage many times hahahaha;)
Thanks for sharing!!