Mont Kiara Apartment Makeover
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- Опубліковано 3 сер 2024
- Link to join my team in property investment club: bit.ly/3DxoxWS
Use promo code: SEANTANMAKEOVER22 for property makeover: wa.link/0ea7rb
For this brand new series, I decided to go in deeper into elements within the apartment unit. Hopefully this will be helpful for brand new investors as this will help manage their expectation.
We will deep dive into all different spaces, how to design them, cost of furnishing, potential return, strategy, design strategy and etc. Basically more precise elements compared to only location=)
Rental has became a business... In a particular vicinity of area within 5 km there are at least 3 to 4 projects condo up for competition and Mont Kiara might even more. let's say one project is 500 units and there are 4 projects in that parcel land area have 2000 units. and mostly 30% of them are looking for rental / resale so there are 600 units for competition . Bear in mind Malaysia is not Singapore 85% of us own the car we don't mind to live further in depth less convenience area. To those who want to buy house and collecting rental every month you must remember the salient points in following,
1) You must full furnish nowadays to attract tenant. Bare unit rent out is not working anymore
2) never ever believe those agents or youtuber who claim rental can yield 6-7% fix annual return. P.S unless there is clause inside the SNP agreement. ( There were still some developers default on rental income to those they have committed in SNP and you need to go thru legal proceeding to claim what you entitled for )
3) It's very hard to judge on tenant during the first meeting. You may see someone has the nice job and left you good impression. But in the end they might spoil up your things and ending up u are in loss . Some can move away in overnight but taking the luggage away and go behind your rental forever
4) My last piece advice is Malaysia property will be never has ROI . Property market has ended especially the country beleaguered in low tech industry and majority of us income isn't high.
5) My free advice- Open security account and put your money in USA stock like Amazon, Goldman Sach, Alphabet , Estee lauder. These portfolio can give you 8-15% average return in over the span of 10 years.
I have no any kind of commercial interest in my opinions. But I act and speak in good faith not to let u drown in debt trap for 35 years who you earn less than net pay 10 k a month. The world has changed. Own a house is not a fancy and symbol of successful in this era . You know who you are the best
the realest advice ive heard thanks man
Well done, thank you very much Sean for this kind of before/after review, and also educating everyone about how to furnish. Hope to see more of this type of video from you guys and the Makeoverguys. Love it!
Glad it was helpful Michael. Thanks for watching!!
I guess it will take min. of 2 years’ rental income to recoup the whole renovation expenses… not to forget the monthly maintenance fee, cukai pintu, etc
If you don't renovate you cannot rent out to begin with. So in this category of tenant profile, minimum the unit must be fully furnished.
Thanks for watching Terence:)
The numbers shown on screen is a good addition to the format. It gives a better perspective because ultimately an investment decision will always be dictated by numbers.
Love all these new kind of content! Do more often.
Thanks. Its a brand new series to add flavour to the channel:)
Thank you for another great review. I am not an investor but do really enjoy your video. Somehow I find rather strange that the size of the bedroom is almost or bigger than d Hall and dining
Great video! And noticed the improvement in production quality, keep it up!
Appreciate it. This is a brand new series where I'm trying to provide more information within the unit. Thanks for watching 😁
A well presented video. Full of tips and ideas. Helpful and cheerful.
Glad you enjoyed it Kana=)
I like the slim down version of 咸蛋, keep it up Sean!
Wah!! THANK YOU THANK YOU!!
Do consider subscribing to the channel yea. That will help me get more access to different units=)
Say the unit after discount is around RM800k, for first home buyer (90% loan amount + 35 year payback period) , the monthly repayment still carries minimum RM3k per month, curious to know how does somebody make positive cashflow out of this investment once we start clocking in maintenance fee etc?
In this case, it will be breaking even at this price but banks don't look at maintenance fees for calculation of rental income
Also this shows the importance of entry price which makes all the difference.
And things will still change as time pass such as rental, OPR, policies and etc.
i love watching your videos even though i can never afford a property. i learn a lot about property investment from you, thank you 😊
You can't afford YET. Let's strive towards that Akif:)
Thanks for watching!!
Having a vision now is a start, soon you will be able to own one. All the best
Hi Sean! Love your content very much but I have a question here. You showed that the countertop of the kitchen is made of timber, right? Since this is a cost oriented renovation for investment purpose, it's obviously better material choice compare to stones or marble countertop. But is timber countertop the most cost effective? (excluding the metal countertop/sink commonly found in affordable unit). How effective is the timber countertop in kitchen deal with the water splash and heat from hot object? Looking forward for your replies 😉
Nice episode! Tks for sharing the data on rennovation costs!
Thanks for watching!!
Do consider subscribing to the channel. That will help us get better access to units=)
@@iherng already did! I am a big fan of your work!
Hey Sean! Thanks for the insights in this video, was really helpful! Was wondering if you could do a makeover review of any of Tropicana Gardens Residences (Arnica/Bayberry/Cyperus/Dianthus). Thanks and keep up the good work!
How come so specific yea? This series is way tougher to produce due to logistics. But if your intent is for sample works of Tropicana Gardens, you can directly reach out to the team. We have tons of pictures to show you=)
Oh yea, also use the promo code: SEANTANMAKEOVER22 for instant discounts!
Very detailed analysis for interested buyers regardless for own use or investment.
Thanks for watching Lucky!!
nice sharing! one concern, will the property in the Mont Kiara age well, i.e. hold up the rent level 10yrs later? If decline in rent is inevitable, will any form of uniqueness help to cushion that? (e.g. proximity to the mall or something like that..) had a bad investment experience with royal domain sri putramas 2 (10yrs in, the rent dived from 2.5k to 1.6-1.8k now despite its location) which is nearing 20yo
Sean, do another react video. Those are always sooooooooooooooo good and i learn alot.
We are now switching things up a little bit. But don't worry, it's still in the pipeline.
The new editing style is definitely noticeable. I appreciate putting up the key numbers up on the screen as info boxes, however the sound effects are distracting and unneeded. Also the zooming-in effect that you use in this video is too much and cheapens your video (because mostly only videos without substance use it to give an impression that the video has "high production value", but it really doesn't). Your past videos were minimally edited with barely any fluff, which was the beauty of it. You might feel that your editing style was getting stale and are looking for change, but trust me, your content have been speaking for itself.
Well appreciate the feedback. I expanded my team recently and this was done by my editor haha:)
The property review series will still be the same so don't worry. Thanks for watching 😁
Hi sean.. hopefully u can review the ruby seapark. Appreciate 🙏🏼
Let me see what I can do yea.
Do consider subscribing to the channel yea so I can get better access to information=)
Bro, pls do this segment frequently ya..I love it
My team will do our best. Thanks for watching Zaiem!!
Maybe future station for mont kiara in MRT line 3... booster for this area
sean, please review skyline kl pudu
Thanks for the review :D Considering Ooak. Rented out already? Mont Kiara is quite oversupplied.
Wow your still alive bro!
Always!
Hi Sean what do you think about OUG legacy - I’m planning to purchase for own stay but I’m not sure about the developer
Hi iherng ,you are so handsome , hopefully one day can see you do a review on Ipoh ICC Bond condo👍
Appreciate the kind words. I will try to stop by Ipoh more often lah:)
I'm a small property investor in New York and really enjoy the detailed explanations and flow of your videos. Thanks for sharing your insights and time to make these videos. BTW,what do you think about Johor Bahru condo or landed property investments? Do you think there's potential ROI there?
I am from Johor Bahru. Current situation is that there is an oversupply of high end condos there especially near to the coastal areas. Landed property should still be alright but I have zero experience in that.
I am property investor in JB. It depends much on your location of the properties and different kind of ways to make the return make sense. Ever since the travel restriction lifted, many JB properties snap out for rent and even for sales, as many Malaysian return to JB to stay while working in SG.
Thanks for the replies. I'm looking forward to visiting JB in a few weeks and see the investment situation there. Hope the economy can rebound post pandemic MOC. Singapore too.
@@chelsonnen6080 great.. let's see if can catch up and learn from each others.
@@TheSotong09 It would be wonderful to connect directly to chat property investments. Maybe on my upcoming JB trip. :-) How can I DM you?
Can someone share whether should one get a gas stove or electric stove? apart from the "wok hei", what other factors should consider?
no electricity at home, u cannot cook
Hmm what if we have a very diverse tenant target? For example in sentul. What is the best strategy to apply for renovation and to attract highest tenancy rate? If unit level 15.
Well mainly it's between room rentals versus renting out the entire unit that will have different approach to the renovation. For the rest, fully furnishing the unit actually solves most of the need of different tenant profiles such as long term, short term, Airbnb, families, office staffs and etc.
@@iherng I see I guess a bit of investment for furnishing should be a good idea yeah
Can you do this kind of video for own stay?
I shall try. But the end product is actually the same, just that the thought processes are different.
Thanks for watching 😁
I went to inspect this property, the unit layout is too narrow. I like the foyer and corridors tho, better design than Arcoris next door.
Thanks for watching!
I wish I can afford one oak 163 the last time
Me too hahaha:)
Eyyyyy!
Thanks for watching Jack!!
I share your video with my family, and they engage MakeOverGuys...
MAKEOVER GUYS COME TO PENANG
The team is working really hard on it haha. Thanks for watching=)
waiting for aratre unit to VP so can engage u guys!
Remember to use the promo code: SEANTANMAKEOVER22 for instant discount yea=)
Hello Iherng, may i ask will makeover guys provide quotation before purchasing the unit?
Yupe!!
How may I do that?
Bring makeover guys together during the property viewing?
How to make money if so much capital need to pour in yet with only 3-4K rental income. Not forgetting the cost for maintenance when you rent out.. Just don’t make sense
Then property investment might not be for you. Thanks for watching=)
whats the reason makes Mont Kiara a high standard location ?
Because of it's superb connectivity. That attracted a lot of people from all around the world, not only just Malaysians to this location. Then match that demand with lots of great F&B convenience, it's a superb experience overall.
Nice tank haha
Sharp eyes!! In fact, that's a solar beat=)
Apartment looks nice but Klang valley water supply is third world quality ?
What do mean 3rd world quality?
Hi, does rm35k include the cost of kitchen?
Yupe:)
Unrelated, tapi banyak sngt warna hitam, tak fit dgn wrna gold/brown lampu dan perabot. I can see the vision tho, just hate the cacar marba colour.
Well it's the choice of the owner. You can change it rather easily because it's just wallpaper=)
what is tenant profile for this project
Most likely expat or white collars that work around this location.
😍👍🏻✌🏻🙏🏻
Eh, editing looks different in this video
Yupe. I expanded my team recently. This is done by my team member:)
Thank you for your kindness
Such very very good information to us
Much much more to learn from you
因为大数据让我看到你的视频
让我学习了很多关于房产的资讯
我鼓励我的女儿踏出第一步
希望可以顺利借到loan 🙏
Gan en 🙏🙏🙏
Aiyahhh saya lambat!