For the past 2 week, I have heard 3 condominium projects launched surrounding Signal Hill with selling price not less than RM400 per sf. The best part for developer is that they sold out in less than 2 hours and some even fully registered before launching.
One of the listed company known as SBC Bhd gets all their unit registered before 10am after they start at 9am. Another new condominium project expected to be launched in the middle of this month located in front of Wisma Perindustrian is even better – fully registered and taken up without any brochures.
Have you wonder why all new coming condominium development will continue to command higher price yet buyer will keep buying?
By middle of next year, I foresee double storey terrace house at reasonable location with land area of less than 1800 square feet will exceeded RM400K. Developer will not be so kind to sell their terrace house lesser than this amount due to the land costing effect.
Good location especially around Damai, Likas, Luyang, Iramanis, Kelombong, Penampang and Kingfisher will continue to command good price but will developer construct double storey within this few area? NO!! Within this hot area, for sure developer will develop 2 ½ or even 3 storey house with prices will be not less than RM700K.
I believe majority of the developer will maximize their land for condominium or apartment development especially area like Signal Hill and Likas. This is located only about 3KM to town with potential sea and Mountain View. All newly launched condominium at Signal hill area last month commanding prices of not less than RM450 per square feet and mark my words it’s going to be more for coming new condominium development within this area in next 6 month.
Time has change. Younger generation has different concept and living style. This group of young professional will demand a different living style at “signature address” especially glamour place like Signal Hill and Likas, while in KL are places like KLCC and Mont Kiara. Not only that, condominium which promises one stop lifestyle living also provide plenty of facility like gym, tennis court, badminton court, swimming pool and BBQ area.
But bear in mind, the more facility given the higher the management fees is going to be. So watch out when you buy condominium as the fees itself will kill you if your investment turns sour.
Lately I saw old generation also moving to condominium due to security reason. So everyone is accepting the condominium concept which will lead to the higher demand especially new place like Kota Kinabalu.
Dear all, remember what I told you today, human wants hassles free and convenience when it comes to purchasing property. Developers are tapping this market thus providing smaller units, fully renovated unit, fully furnished, and of course with attractive bank interest package to make sure all of us bought their unit without any doubts.
Bank will continue to support as younger professional are financing all the above under one roof. This solves all the hassle of renovation, shopping for furniture and shopping for lower bank interest. No doubt developer is enjoying extra profit from their effort but its hassle free for you.
Within the next 2 years I can assure you all, Signal Hill area and Likas area will be the main development area which developer will attack for luxury condominium. Prices of condominium will continue to rise depending on location, view, design and concept. Please don’t hope for cheaper and lower price when you talk about Signal Hill and Likas.
But one thing that doubt me so far is whether the rental market is going to stablize at 7%-10%? Not likely, in developing country rental yield will drop when property price when up. Like in HK rental yield is only around 3%-5%. Therefore, for those who bought luxury condominium for rental collection, watch out.
I notice that in KK, the market for rental of RM5K per month is tough unless our government really promoting MM2H and attract more foreigners to come in. Otherwise, pray hard if you already bought it for rental collection.
Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
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Hi Ck,
I have been reading your blog for a while and I think you are very generous to share all your rich man “strategies”, really appreciate the effort you put in to maintain the site.
Recently I came across a deal with a fairway mansion condo, 1500sf, RM285k. As I study it, i found several things about this condo.
1. The density is low so the potential of capital appreciation might be there.
2. The location is good with market 5 mins away and beverly hills eatery 10 mins away, plus luyang and citymall is easy within reach. Plus a Golf club is just next to it.
3. The per sf is only RM185sf is one of the cheapest around for condos.
The thing I am hesitant about is the management fee of RM220 per month, as I am going to rent it out, I will obviously need to rent it around 1400 to 1500 to able to have positive cash flow.
What do you think of the deal, is it a good deal?
Ryuken
Hi,
I will take it since its positive cashflow. Not easy to get inflow property nowadays. Happy Investing,
You cannot Grow Land..CK Wong & MY DAD
Is the unit close to high tension power? Which floor?
I’m looking for a property in this area too.
If you’re not taking up, can introduce to me?
Thank you
I just bought 1 unit of Fairway Mansion for RM328K, 1536 sq.ft and renovated. I believed Fairway Mansion is the cheepest condo in KK. Maybe this is because is near to high tension power and no strata title issue yet.
Why so particular abt the high tension tower? it is common in other area.
Hi,
When you have more choices like last time, I dont think you will paid RM200 pst for high tension area. Last 5 years The Peak Phase one also selling at RM200psf with fantastic view. So time will proof how good is your decision. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi, Khoo
i guess “high tension area” will be a issue for you when u wanna sell off the property in the future..
common thinking is that “high tension area” causes cancers if u stay near for long term…unproven scientifically yet but the buyer’s concern…
HI,
I agreed with this statement. Anyway sometime when time comes, you have not much choices. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
I agreed with GK that “high tension area” will be an issue when wanna sell off
the property in future. But I didn’t plan to sell it. Fairway is cheep to stay but not for investment. AGREED?
I am stay in Kuching now, noted that the MJC Condo and Semi D also next to high tension tower. However no body bother and voice about it and the price is sky high. Maybe KK ppl are more concern abt health.
Maybe is good to hv that kind of thinking, so that ppl like me can get cheeper home. Hope and pray to hv long life!!!!
Hi Ryuken,
r u talking abt the 1st flr corner unit? i had seen that unit. Workmanship not so good, anyway is cheep.
Hv u seen the 6th flr corner unit? if u hv seen, any comments?
Hi Khoo,
I haven’t seen the 6th floor unit, is it a corner unit? How much are they selling for?
Anyway for the high tension issue, I dont think it will matter in ten years time since the rest of the condos in KK have gone up so much in price, it will be difficult to find existing development. Unless there is a scientific proven case, the place will be a good location.
I think humans today die faster because of heart diseases, diabetes rather than high tension place, and fairway mansion behind got a place to jog and exercise.
Hi Ryuken,
I had bought that 6th flr corner unit at RM328K with 1536 sqft, it is nice because the previous owner had changed the floor tiles and granite surface table top on bath room and kitchen, the ceiling also changed to plaster ceiling, 5 new aircons, all lighting fittings installed and never tenanted before.
I like Fairway because it is well maintain. The developer has a good name (BHMF, Borneo Housing) is jv between Sarawak and Sabah Government (if not mistaken). So no worry abt the management.
It is convenience to me as i am working at Bundusan Square and my kids to study at SJK Yue Min.
Last time the 1st floor unit they were asking for RM298K, maybe now they are willing to lower down. But definitely needs reno.
Security in KK also been the factor for me to buy condo.
Hope that i am not making wrong decision. Because RM328K is not small amount.
Well renovated/maintained with 1536 sqft for RM328k, I’m sure you had made the right decision. Happy Investing
Hi,
when we talk about HT area, can the residents of the housing or condo voice their concerns to the local authority? Say when u bought the property no HT. Then in 5 years, the nearby area is constructed and gazatted for HT poles. Any thoughts on that.
Sometimes is good to hv that kind of thinking, so that we can get cheeper home. I am staying in Kch now, noted that the MJC Condo and Semi D also near to high tension area, but no body voice abt it and still selling with sky high price. Maybe KK ppl are more concern abt health.
Actually we cannot control the authorities to put up the tower, as long as it is within the government road reserve. It is luck lah!!!!
Fairway is cheep to stay but not for investment. AGREED?
dear Khoo…
Yes, i agree $210++ is considered cheap in term of Condo-type in KK. But i rather buy landed property such as Double Terrace house with $300,000.++ if i plan to stay longer locally..
As you are from outstation, Fairway condo suit u well, as security is the main concern when u are away.
P.Opn
Hi,
Its a luck my dear friend. If you wanna predict such thing better go double check with local district town planning. But they government plan also changes throughout time. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Anyone knows about the price of aparetments/condominium in Tawau?
Heard there’ll be at least 2 condos developments behind RTM new premise near Kepayan. Prices range from RM300K and above. What’s your view on these developments ? Will there be a ‘condo’ glut ?
HI,
It will be more than 5 project line up to be launch. So just wait and see. The prices going to be around RM300 psf. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi,
As CK mentioned earlier, sometimes people dont have much choices. Even it is just right beside the HT area, still there are people buying it, eg. Taman Cerah In Menggatal area, you will be surprised to see how ‘giant’ is the HT Tower, wiring are virtually flying all over the Taman area. Yet it is continuing building new phase, it is phase 5 now, and believe more will be coming.
Also, couldnt remember exactly when was the 1st phase constructed, probably around 5-7 years ago, when they first launch their terrace house, it was only around rm180k, now is selling around rm288K-rm400k ++.
Surprisingly can appreciate so fast within few years even though it is surrounded by huge HP tower. Really dont understand at all.
Really not easy to get reasonable selling price for terrace houses in KK area nowadays. Among them, most of the selling prices are vary a lot (overpricing) from the bank valuation price. Sigh! Imagine if all the allowances eg, petrol, flour etc have been cancelled. It will be a hard time for the lower middle income group, and the dream to getting a terrace house is even more far far away…
Even kionsum Height , some banglow units are less than 300ft away fron HT cable but people still live there
CK,
Why Fairway Mansion is selling so low price? looking from outside it is not bad also and is quite convinience. Do u know what was the price when it started launced in year 1997? What do u think the developer BHMF ?
Thanks.
Hi,
Anyone know about the apartment behind damai lintas supermarket? Still under construction.
Please comment.
Violet
Hi,
Developement project for Wahmie Group. The condo consist of 554 units selling from RM240K last 2 years. All units are fully sold and subsales is selling not less than RM315K depending on floor and unit size. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
all the purchaser bought wah mie group 554 unit condominium will making big profit, even sub sale!!!!!!all purchaser happy here!!!
Health vs wealth, it depends on which side you are in. If you own the shoplot that the telco company want to install their communication equipment, you could collect up to RM5000 rental per month just by renting out your rooftop. As the landlord, you would definitely agree because this is the perfect tenant! But for your other tenants renting the other floors downstairs, they have to live with the dangers of the communication equipment affecting their health. These tenants naturally would prefer to move out if they have the choice – but when you cannot afford your own home / place to stay or an office, you have to rent from somebody. Again the morale is buy properties in good strategic location and wait. It is easier said than done but if we do not start somewhere now, very soon prices of properties will be more & more beyond our financial capability and time due to our age factor (cannot leverage on 20-30 year loan). If you do not own any property, you would not have much options or choices, including putting your health at risk. For the property owner, the $$$ just keep rolling in…
HI,
Ya I agree with you. Times is our biggest enermy when we grow older. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Any news about the peak vista?
Still under construction, several units remain unsold.
Any comments about this project and also the Peak SOHO?
HI,
What news you expected?Some of the The Peak Vista unit is unsold due to the location and the prices is matching The Peak Vista Block A as the developer are not in the hurry to let go since they have enough funding to construct their project. The Peak SOHO eventually will be sold well during the lauching also due to location, small scall project and affordability. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Would like your comment on the bank loan, whether its better to take BLR or FLR for long term investment? My husband recently bought a unit of condo for rental income and appreciation value, I do hope we could cover the loan in the long run. We have an offer from Public Bank but am considering EON bank for long term investment as FLR rate is quite stable. We haven’t sign the offer yet as the owner just signed SPA.
Thanks.
HI,
FLR is moving slower compare to BLR now but it will move whenever BLR move. Its all depend our BNM. In 1998 crisis, FD is at 15% so its all depend how is overall global economy trend. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
I bought a Type A unit at Peak Vista in early 2009 for ard 450K++ and I thought it was rather costly during that time. Never I would imagine that it was priced at 630K++ during the recent phase. Considering that the rental yield is between 6-7%, one could ask for rental at 3.7K/month based on the latest price. Honestly speaking, it would difficult to achieve it as there isn’t many expatriates living in KK and furthermore, there are many other housing options in KK. I wonder how these expensive units can be snapped up so quickly if based on the unrealistic rental as investment. Maybe, these buyers are the rich locals or foreigners who are buying to stay.
What is your view on the rental market in KK esp. around Signal Hill area?
Rgds, Benson
HI,
Refer to my last month topic on “Easing rental Yield”. At all time in growing economy rental yield will not be use as the benchmark against your prices. Just like in HK, rental yield only around1.5%-2.5%. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
i would like to ask what is the criteria to choose a house loan package from bank to bank? since now the bank negara has standardized all the interest rate BLR-1.9% for the housing loan, so what is the other criteria to choose between bank to bank. could you advise on this since you are working in the bank line
HI,
Some bank has started divert again..Shop around before you commit..Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hey there CK,
Today saw a condominium advertisement in the newspaper in which the name given is “R55 Luxury Condominium” by Benua Maxis Sdh Bhd. Do you have any info on where is the location of this condo?
HI,
Perhaps you can call the developer and ask for the location. Its facing the paddy field. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Thanks for your valuable info. How to know what date you post your article?
Jimmi
HI,
I will post on every weekend. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi ck,
how about eden height ? what is the price range that is acceptable.
Interested to buy a unit there. appreciate your feedback and opinion
Hi,
BUY if the price psf is around RM215. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
What do you think should be the rental yield for Eden Heights?
THanks.
HI,
What is your cost of entering? Of course entering into old or existing property will be worth more in terms of costing. New development with less favourable location still asking for RM 300 psf. So make your wife decision. Happy Investing.
You cannot Grow Land..CK WONG & MY DAD
Assuming it is RM215 psf for cost of entering, what rental yield should I aim for in Eden Heights? Thanks.
Tq CK,how do you see Eden height potential in next few years.really appreciate you opinion.
What do you think of South china sea place? Good location, good views, overlooking the SCS . subsale is now at 888 psft.
small one bedroom studio units with leaseback option.
Its commercial title.
Just paid deposit for a unit at Eden height less than rm 215 per sqft. Thank you Ck. Hopefully it is a good investment
Hi Ceroi,
What kind of $ rental will you be looking at? Or this is for your own stay?
For my own stay n plan to sale or rent next 5years.D777 which floor are considering ? Currently Eden rm800-1200per month
CK
Eden Height’s Mgmt informed that they have rented the roof-top to a tele-comunication co to install their tower. Is this the same as GK mentioned on 10/6/10 that this is even worse the high tension? I like Eden Heights but need to confirm this before committing.
HI,
I have no proven record on this. Make your wise decision. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
halo ck,
what do you think likas square condo…is that worth to invest and do you think 2-3 year will getting good profit.tq
HI,
Convince me why its worth to invest in Likas S?..Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Hi!
Im a government servant and just came across an advertisement from Wong Kok Group on University Condo Apartment 2 in Menggatal. The selling price is around RM193K for a 3 bedroom (~750sf) unit, 3rd flr. Lots of benefits offered including renovation, free legal fee n etc…Estimate to complete in 2012…Im considering it for investment. I need your opinion on it as im very new on property..Thanks
HI,
Pls convince me why you want to be the unit. Do you own research and I will assist you along the way. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi!
I didn’t have to come with any down payment and the developer also offer rental program. It’s fully furnished by the developer, so that’s hassle free. What do you think about the location?
HI,
Nothing is FREE. I always believe you need to come out with some capital for you to make money. The location for CC is good. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
RM193K for a mere 750sft, I think is just too much for a location like Manggatal! Look, its like a pigeon hole of a place – why do Wong Kok Group always build a very tiny place like this??? Look at their project at summer bay Kinarut….its a nice place but just too small! Its ok for a single person but not for family!? Common Wong Kok Group….build something suitable for family to live in – not for pigeons! Sorry but I just dont understand why developer still building such boxes!
HI,
The COSTING & SELLING PRICE that make all the different. They have not much choice also. Happy Investing
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi CK
Do you think RM398k selling price for a 1800 sq ft double storey terrace hse in Taman Antarabangsa, Likas fair ? the house is in good tenantable condition with 3+1 bedroom.
HI,
Location is fantastic. I dont think you can get such value by local valuer. Its only between RM350K only unless its very well renovated and manage. But looking into long term potential the appreciation will be abit slow in view of short land tenure. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Kk alone , there are plenty newly launched recently
surian residence, R55, Jesselton villa @ Hiltop, Wilakaya to name a few. A few more @ signal hills I think. Anyway, need to choose wisely. Watch out for budget news Friday.
Hi CK,
May I seek your opinion for investing in Dah Yeh Court? Is 3rd floor apartment selling at RM220K worth buying? Thank you for your professional opinion.
Lau
HI,
Convince me with your opinion first. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi! CK! Good day!
I got a 2 1/2 storey corner lot (3700sq ft 1st hand owner)with full renovation at Golden Hill Garden Kepayan. I am looking to dispose this property but I cannot decide on price range as the valuers I know all give me very very vast range of prices, from low 670k to whooping 1.28m. What’s your opinion on price I should start off selling for this pc of property.
Thanks in advance.
HI,
Done your valuation report and decide from there. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK.
May I ask for your opinion towards the property in Golden Hill? How’s its potential?
Thanks
HI,
What is ur personal view? Tell me more first then I will assist you..Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi ck,
i wud like to buy a unit @1sulaman condo using my sis-in-law who is a malaysian whereas i’m a s’porean..
cud you pls advise if the condo still launching any sales.
thanks++
HI,
I heard the sales was good. The location is coming up but there is a risk of completion and maturity risk in view of heavy numbers of units. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
hi CK,how about second floor 1200sqft in old Asia City?what is the price range?want to set up office and also for investment.
HI,
Last week there is one auction off for RM460K. I dont like office investment unless it is very cheap. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi Ck,
i would like to ask what is the price range for alam damai at the moment? i saw an advertisement selling 480k for 1302sqft. is that worth for that price?
Thanks
HI,
Market Value is around RM300 – RM330 psf. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Was wondering whether Puncak Menggatal is considered as condominium or apartment? They market themselves as condos but some people are saying Puncak Menggatal are actually apartments. How to differentiate condos from apartments in Malaysia? I’m a bit confused.
Puncak Menggatal Phase 2 detached corner unit is selling for starting from RM220k upwards for 965 sq ft. Worth it? Semi-detached is lesser by RM10k or more.
According to the developer, they are launching Phase 1 soon & the price will be at least RM10k higher than the Phase 2 units. Chance for capital appreciation?
HI,
Condominium have more facility compare to Apartment. For the phase 2, I never heard any yet. I’m not confortable with the location as it was surrounded by industrial which you will get tenant like industry workers that might be a bad paymaster. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
So since Puncak Menggatal / Menggatal Heights has swimming pool, gym, basketball & badminton court, jogging track & security guard, I presume they can be considered as condominiums?
The project is divided into Phase 1 & 2 but somehow they have launched Phase 2 first which almost sold out now. Phase 1 will be launched soon & the prices are said to be at least 10k higher than Phase 2. Prices seems to have increased a lot. What is the market value for detached condos unit? Any idea?
Thanks!
HI,
Looking at all new development, most of them are price at RM200-RM300 psf. There is no such development at Menggatal area, so its hard to justify the rental market and potential appreciation there. Office bank ie banking, corporate office and etc are still focusing at matured area like Damai, Likas, Kingfisher, Luyang and Penampang. So I’m doubt over the rental market at Menggatal and types of tenant which will affect the rental yield and collection part. Highly considered. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
I have a unit of Eden Heights Condo with floor area of 2030sf and it’s tastefully and nicely renovated with built-in cabinets and complete with aircons for every bedroom, family, living and dining room. Is Rm500,000 a reasonable price to ask for?
Hi,
Comparing to new developed project definetly its not expensive, but old project like EDEN HEIGHT will be tough to sell at higher price. Happy Investing.
You cannot Grow Land..CK Wong & MY Rich DAD
Hi Chong,
Just checking if you have found interested buyers to buy your unit at Eden Height? If not, I am interested to consider viewing your unit, but first, would you please furnish me with these questions:
a) How is the cleaning services, maintenance and management at that building?
b) Is the security tight and consistent?
c) Do you think the building are fully occupied at the moment?
I could run all this checks myself, but I am currently not in KK.
Thank you in advance for your answers.
Greg&Jane
Hi CK,
so,what is your view on Eden height in future?
interested to buy a unit there 1004sqft. I think that
area will be more expensive soon with new development
ie RTM,shophouses,new airpor(MAS+AIR ASIa).
Thanks
HI,
For small unit like 1004, should be good for rental in the near future. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi CK,
Thank you for your comment.I found one unit at eden height for sale at RM220k 1100sqft level 15.So what is ur opinion?what is the rental yield should i aim for?
HI,
Its all depend on your furnishing and condition of the unit. Its range from 900-1300. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi Ck,
i hv read throught your blog,u hv given lot of golden advise & opinion to those searching for their property to buy….i think is time to tell your fans to take the rest,go for holiday wt family,planning for the christmas holiday,new year party…. .get a freash air …than see what is happen next year ya………:-)….chow……
HI,
After I concluded my deal end of this month, I will close my file for year 2010. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi Mr CK Wong
What do you think of the future aspect of Likas Square Apartment? There is an unit for sale, 1250 sf conner asking for RM43K. Is it a good buy?
Thank you.
Hi,
I assume your real price is RM430K. The market value if I’m not wrong is less than RM320K depending on the renovation and view of the unit. Happy Investing
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi CK,
Is there a property like condos or double storey semi-d newly launch or currently launching anywhere around 3-5km radias of KK area please?
Appreciate your infos on the project name, locations and if possible lauching price please?
Thank you
Jane&Greg
Investors
Hi,
I dont think there is. Land cost within 10KM from Central Business District was too high which only profitable if they developed high rise. For newly condo, I think they will brought forward into 2011 for lauching. Its end of the year, property market expected to be abit slow. Happy Investing.
You cannot Grow land..CK Wong & MY RiCH DAD
Sri Borneo Condominium – need inputs on:
1. building management
2. security
3. tenants
4. future potential appreciation
5. any near future plan on the land behind (what plan)
Is a duplex unit with 13xx sq ft (2nd floor) selling at RM350k worth buying?
Thank you
Hi,
My question to you. Answer me first..
1. have you done your own research?
2. When you enter into the building did the security stop you?
3. have you grant through local newspaper on expected rental for that condo?
4. Whatever you buy especially property will have appreciation.so what is your expectation?
5. land at the bank is mix residential development ie semi-d, bungalow and condo’s
Market value of the unit depending on the renovation/condition of the unit..
Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi CK,
I’ve just booked a unit of apartment at Menggatal Heights. However, I am not sure whether to proceed with the S&P as the area is POPULAR with flood whenever raining. Do you think this apartment worth for investment?
HI,
Menggatal Height or Puncak Menggatal? Are you sure the name?If you cant even comfirm the name of the apartment why you buy? Thats funny my dear friend..You are not buying vege..Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Why argue the name? Its the same anyway. Puncak Menggatal is BM and Menggatal Heights is Eng. It is printed on the brochures. I am very sure with the name my friend.
Just need your sincere suggestion, whether the place is worth for investment or its totally no no… Your suggestion is highly appreciated.
HI,
Menggatal area is coming..If you willing to wait..why not. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
I hate people who answers a question with another question. Arrogant isn’t it?
Hi Joe,
That how I learn. And this also one of the main reason I grown up so fast. Faster than anyone can imaging. Life is all about learning from the rest 5% and self learning 95%. Of course most of the time I know the answer 100% but why I should tell you all of it? The worst you might not agree, right? I’m not show off here and no point for me to expalin further..as I always mention..Alot of people trying not to understand!! Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Agree with CK, this is the way to learn although it sound arrogant.
BTW, I did my survey but just need more inputs as people always see things from various angles.
My view on my own questions:
1. Building management – so so only
2. Security – Guard is ok only but, was their any unhappy incident before? (looking at the land behind might attract squatters)
3. Tenants – not so sure
3. RM350k is on the high side but if there is good potential higher appreciation in near future, why not? But, what worry me was, all of sudden, there are 2 – 3 units for sale, strange???
I’ve dropped my idea and looking for another opportunity.
Hi CK,
Your success in real estate is really stunning and eye opening to a lot of us. To me there is no doubt that you will hit more success in the future. In that sense, would u expect the same to befall ur blog? U know u actually owe nobody here, in fact it is people like me who owe you for your wisdom and knowledge which you’ve shared selflessly. So nobody can actually blame you if you choose not to answer seemingly ‘stupid’ questions, but to ridicule people’s idea or mistake that’s really insulting and rude.
People ask question because they have seen you answered with patience, and that you said ‘we learn through sharing with each other’, that’s why people ask, I bet nobody will want to ask if they know what kind of response to expect in the first place.
I’m not trying to lecture you so please just regard it as a friendly reminder from a stranger. If your recent change of attitude is due to JCK and the like who like to question your strategy and knowledge, I’m afraid your change has suited their taste, just a tad too well.
I don’t know how old is JCK, but he did appear to be a prudent investor. He may have been very successful in building his wealth all these years, so much so that he finds any ideas that deviates from his as not viable. But hey, this is your blog! You are the host, not him!
As for you, you can proudly ask ‘What have you done when you were 30 years old? Look! I’ve achieved most of my goals and am willing to share my knowledge with others, and even to the great length of providing free consultation for people who I have never met, so what have you done back then? If you have done greater than I do, good for you, and that will make a lot of people very envious of you, but would you kindly share with us success story?’
I’m not trying to do any harm here, and as time goes by, I will still recommend your blog to my friends because it is really good. Forget those who criticize your grammar. Even a monkey can tell that good grammar doesn’t make one a good investor. And again it is your blog, it is you who will decide what to do of it. By the number of comments here, I think you are already gaining quite a number of readers. It’s you who will decide if you want to stop here, or make it even better and earn more recognition from old and young people alike.
Wish you all the best, and thank you for your blog.
David Tang
HI,
I have been generiously contributing all my knowledge back to society hoping all of you will learn, practise and the most important benefit while profited from it. All the information ask mostly answered by me from previous articles I posted before. I have wrote more than 100 articles so if “they” really want to learn, please read from my first till latest articles. Otherwise I’m wasting my time repeating the same words. Don’t you think so Mr David? It has been pleasure sharing all my knowledge but not up to the extend “repeating” same thing right? Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
CK,
Still need your view on Seri Borneo.
My view is, RM350k is on high side, I’m comfortable with RM290k.
What’s your view on this?
TQ.
Hi David,
The problem i find with a lot of these questions is, they are repetitive, and shows lack of research on the property they are trying to buy. If you really are serious about property please do your homework, read all of CKWong articles, buy a few books on property, and learn as much as you can from agents, bankers, lawyers, friends and fellow investor. Some are unwilling to part with 30 to 50 ringgit to buy a property books, and yet they try to buy a property that is worth 350k and above.
I ask before if anybody willing to pay CKWong for his knowledge on property , but there were no response so just show how people always take things for granted and are unwilling to make scacrifice.
Anyway, I am grateful for CkWong for providing this blog, for it had inspired me to achieve much more.
Ryuken
Hi Ryuken,
Yeah I kinda agree with you. That’s why I’m reading CK’s posts again and again. I think CK may one day consider compiling his articles and publish them in a book. At this rate, I don’t see why not.
Actually my motive is just to reassure CK that he has many people’s support. I think he appeared to be irritated of late (no offense, CK, really!). Just worried that he may have been affected by people who like to pick on him, you know, like JCK et al.
Regards
Hi CK,
I’m searching for a decent condo or apartment at the moment which could work as my home for now and as future investment. I have recently went to a viewing in Grace Ville. It’s in a good location and everything seems very convenient. But it seems a bit nuisance with the vehicle sounds and airplane noise. I’m also worry about the mosque nearby. I’m a bit worry about reselling it in the future. The selling price is about rm50k for a duplex around 1400sq.ft. Is this a good investment? What do you think about this apartment? Another choice would be Radiant Tower or Radiant Maisonant which is considered as a more high-end condo.
HI,
Likas area is much better as its convinient and nearby was sorrounded by schools and easy access to all area like Damai, Luyang, Kingfisher, city and 1Borneo. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi CK,
seek ur opinion,interested to buy a unit of
apartment at putatan(currently with tenant,rental yield
7-8%).
Positive:
-near commercial area/giant
-near school
-positive cash flow
Negative:
-not so popular apartment
-selling price above valuation price:rm10k
just would like to invest in property
tq
-
hi..
Not bad deal.. still can fetch 7-8 % at putatan…
Hi Roi,
BUY!! Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi Roi,
May I ask what apartment is this? If not, what is the price range and size?
Hi,
How much is the market price for a double storey terrace house with land area of 4,600 s.f in Taman Khidmat? The asking price is RM420k (not renovated)
Hi,
It is a corner double storey terrace house.
HI,
The price sound OK. I will take if the land area is such big. New developed corner terrace house will easily cost more than RM600K. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
How about putatan platinum, telipok ria and tuaran ?
good investment?
Friends,
Recently, the Fairway Mansion Condo’s Management announced to increase the management fee by 30% (equal to 19 sen psf now). The management claimed that it is still cheeper if compared to The Peak, Peak Vista, Hings and Puncak Luyang.
It is rediculous and how can the management compared Fairway with these high end condos. I need the followings info and advice from you guys;
1. How much is the management fee for 1 Borneo, Eden Height, Wakiki, Hilltop and other condo/apartment which is similar to Fairway?
2. Can the Management just simply increase the management fee in term of legal aspect? any Authorities can assist in this matter? What shall we do if we do not agree on the increment.
Thank you.
KHK
HI,
I think they have the right to do so as long as they can justified the cost rising. Sometimes its better to have management office run my developer. Otherwise it would be like “The Peak”. I heard alot of people dont want to paid. This will create more trouble over the long term. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
How much is the market price for a single terrace house with land area of 5,800 s.f in Taman Nelly, Kolombong, build in area 4,000 s.f ? The asking price is RM450k (renovated)
Hi,
Through my search in property portal, it is found that the prices of certain condominiums in KK are incredible high.
I wonder what happen in KK in early 21st century? With the price of > 0.5 million per unit, I don’t think the potential buyers are from the working class in KK. My guest is there must be a surge in demand from foreign countries.
Since you the expert in property investment, may I ask in term of a pie chart, who are the buyers of all these so called high class condominiums. Who are they? What are these buyers usually looking for? Why they choose KK? If they have these capitals, why they don’t invest in Singapore, Hong Kong or Dubai. Has KK become an educational, medical or resort hubs?
Also, is there a ministry of housing website in KK recording how many property transaction in a month, some price index or parameters so see how incredible the property market is in KK?
Hope you give me some guidance. Thanks!
HI,
Pls dont treat me like angel. All the information is for you to find out. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
What do you think about investing KK Suites units?
I need your comments on the location and the future value?
thanks.
Hi,
Pls read my previous article “High Risk with Low Return Property”. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Hi,
What is the going rate for a 1400 sqft double storey condo in graceville?
I am buying for investment as I am thinking of retiring in KK in the future.
Thank you.
Hi,
Its was offered to me for RM320K back in 2008. I decline the offer. Now I believe it is exceeding RM450K depending on location, renovation and condition. Happy Investing.
You cannot Grow Land..CK Wong & MY RiCH DAD
Dear CK,
The going to be launch Condo project “Element” by Wah Mie is at good location Likas, very near to schools and city centre, the only thing that bother me to invest is the high indicative price is 420 per sq ft and above (smallest unit is 1200 sq ft, hence cost about Rm500K), mgt fee is about 0.25 per sq ft. At this location, what would be the potential rental yield and is it worth to invest here or other project?
Hi again,
I missed the Graceville condo the other time, someone beat me to it. I am not too familliar to KK area so I need some help. I am interested in duplex condo like the Graceville, is there any other similiar type around town area ? I like to buy near town as I dont want to travel too far out of town.
Thanks in advance.
Rgs,
Kho
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