SETIAKawan
I was browsing through the Star classifieds yesterday when I came across this ad:
"SS15 Service Apt near Inti, Metropolitian, Taylors College. Free furnishing and electronics items. Enjoy prelaunching early bird bonus."
I was a wee bit surprisedIs there really any empty space left in SS15 for an apartment? Has anybody heard any info about this development?
Budiman
Could it be an existing apartment....maybe the one near to the colleges...
Every Birth Begins With Labour Pains
Budiman
is it the one near carrefour?
WheRe aRt ThOu?!
Budiman
there is supposed to be one near ss15 but darn it.. i didn't think they would start advertising so soon... have to start saving liao...
In the End, we will remember not the words of our enemies, but the silence of our friends.
--Martin Luther King
SETIAKawan
Kress, share share-lah all the info u have
Originally Posted by kress
there is supposed to be one near ss15 but darn it.. i didn't think they would start advertising so soon... have to start saving liao...
SETIAKawan
Birdy,
Unlikely to be an existing apartment - the existing apartment in SS15 (Myplace) is under residential title, service apartment is under commercial title.
jianwei85,
Nah, the apartments near carrefour is in SS16.
Darn, a typo on the thread title: should be "new" not "near".
Budiman
SS15 is already so packed.... where could it be the place for the New Apt that you mentioned... hmmm...
If there is one... I think this will be a good investment for those looking for investing and rent out.
Every Birth Begins With Labour Pains
Budiman
hmmm.... if i'm not mistaken it will be near to myplace apartments..
In the End, we will remember not the words of our enemies, but the silence of our friends.
--Martin Luther King
Budiman
i think advertiser referring to the service apartments between carefour and mesiniaga... they are close to ss15... literally across the road. if MPSJ approves another high rise property in ss15, it will definitely be another scandal since that will be on one of existing greenlung land
SETIAKawan
Kress,
Thanks for the tip
sinleong,
Quite unlikely-lah, since the ad says the apartment is at a pre-launch stage. All the SS16 apts launced already.
Kawan Baru
Received a leaflet on this yesterday. It's the current car park / MBSJ Tow Truck Parking Bay next to SS15 Post Office and Inti College opposite McDonald.
Budiman
You mean the one at the corner there? Wah.. then that sure will be a good investment...definitely it can be rented out easily to students...
Every Birth Begins With Labour Pains
Budiman
are u sure you want to rent to students? while many has made good money, others have horror stories....You mean the one at the corner there? Wah.. then that sure will be a good investment...definitely it can be rented out easily to students...
Budiman
Well.. what kind of horror story.. as long as u choose the correct tenant.. shouldn't be any big issues.. u can see those houses nearby.. they are renovated to 7 rooms...and each room can fetch a rental of RM500 per mth.. Therefore, the monthly rental is RM3500. The cost of financing could probably be around RM2000 per month.. that mean the net income per month could be RM1500!
What worst is we totally renovated the interior when we r ready to move in....that would cost u the most also RM60K to RM100K (estimated)... but I doubt u would want to stay when u can generate recurring incomes every month, do u?
Every Birth Begins With Labour Pains
Budiman
not all students are bad. but some of those that are good, when you get them, they will stay with you maximum 3-4 years. then u have to find new tenants and you cant guarantee they will be good.Well.. what kind of horror story.. as long as u choose the correct tenant.. shouldn't be any big issues.. u can see those houses nearby.. they are renovated to 7 rooms...and each room can fetch a rental of RM500 per mth.. Therefore, the monthly rental is RM3500. The cost of financing could probably be around RM2000 per month.. that mean the net income per month could be RM1500!
What worst is we totally renovated the interior when we r ready to move in....that would cost u the most also RM60K to RM100K (estimated)... but I doubt u would want to stay when u can generate recurring incomes every month, do u?
what do i mean by bad? they trash your place. and yes, u can renovate. as you said 60k to 100k... that's a lot of money. and worse, some of them u really have to chase them to get your rent money. u need to spend a lot of time to monitor.
those houses renovated to 7 to 12 rooms that i have seen. these renovations are illegal. dont forget, you may also need to modify your power meter to cope with 7 to 12 aircons and if you want to monitor the power usage. if your neighbours complain, u have it. all that renovation money down the drain and maybe MPSJ will come n tear it down and you can cry ala zakaria deros style.
for net income RM1500 per month.... im not sure if it is worth it... after 10 years you may get away with 180k... and then u dump 100k into renovation.
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