Property Investments

[totoro]

Dear forumers,

For those of you who have bought 2nd or 3rd properties for investment purposes, can you share about how it has been so far in terms of maintenance, tenants, rental returns, etc?

Let me share a few examples:

1. my friend bought a DSL house in Kota Damansara for RM300k, now it is selling for RM420k after 1yr+ (capital gains)

2. another friend, bought a house in Bandar Botanic, rented it out to a family, and now they are not paying full rental and refusing to move out (tenant problems)

3. my boss, bought a shoplot in USJ for RM300k (some years ago), and rented it our for RM3k per month (great rental returns!)

Word is that our property cycle in Malaysia is reaching year 10 of the typical 12 year cycle. If you bought a 2-3 year developer unit now, then it's likely you will find yourself selling it below developer price when it's completed? :eek:

[totoro]

Hi guys,

There is this serviced apartments called Plaza Medan Putra launched in Bandar Menjalara. I've been getting flyers about it, and also seen it featured in Home & Furnishing magazine (Feb 05).

The real big catch about this property is that it is priced at RM79,888! This is freehold property, but I don't know if this is build on commercial land. This is only a 2-block development, and the first block of 324 units has been soft-launched. 918sqft, 3 bedroom, 2 bath.

Anyone here have heard about this property?

Does it sound too good to be true? :confused: :confused:

Totoro needs advise!

[mczen]

hi totoro..i just bought the apartment. it is what is claim to be. but it still worries me coz a lot of bank do not apporved this type of housing loan (service apartment) but they manage to get some bank in esp:. HLA, Ambank. I'm calling them to check about it.. what they can offer. but my frens said it is too long to wait for a service apartment..i'll keep u inform..btw it sell like hot cakes!!! most the lots are sold!!