Another viewing at Widuri

My teammate went to view another unit at Widuri this afternoon. Below are the picture taken.

Growing in Subang Jaya

Penang Sentral in Progress

Early in the morning, i sent my children to the Church for Joy Camp. I have viewing appointment at Park View which is on the mainland. So I decide to take the ferry service to the mainland and back this time.

When I reached mainland side, I saw piling in progress for the Penang Sentral.

Some banner along the walkway from Ferry terminal to the Bus station by MRCB which is the main developer for this project.

One side is for the Rapid bus parking bay.

The other parking bay is for the long haul private bus.

Viewing at Park View at Harbour Place bare and dirty unit

Went to view a unit located at 16 floors.
When entering this unit, the house is so dusty. The dust is so thick. The dry yard did not open due to there is thick bird shit there. The whole unit is un-hygiene.
There is no lighting, fan and anything installed. It is a bare unit just like just handover from the developer.

 View from the master bedroom.

 The master room bath room is leaking seriously. It needs to spend huge money to repair this area.

I guess the leaking problem is caused by this pipe.

 The 3rd room has view the other 2 vicinity condominiums.

Transformation of Cheras

West Coast Expressway

Pangsapuri Sri Rebana, Bandar Bukit Raja Klang

I came across this deal few weeks ago and re-visit again this deal.
Property details as below:

Property Type: Low cost flat
Area: 654 sqft (3 room and 2 bathroom )
Level: 3 (Walk up flat with 5 storey)
Selling Price : $49,900
Market Price: $70,000
Rental Market: $500


Bandar Bukit Raja is a self-contained township in Klang by Sime UEP Development, neighbouring Taman Klang Utama and SP Setia's Setia Alam. Launched in August 2002, Bandar Bukit Raja spans over 5,300 acres of freehold land consisting of low-cost apartments to terrace houses.

Location Analysis:
Distance to the following area:

• 1.2 km to Klang Utama Shopping Centre
• 8.1km to Setia City Mall
• 25km to Sunway Piramid
• 38km to Mid Valley

Number analysis:
-If based on the information, the unit is 28.7% below market value.
-Rental yield is 12% (Buy at $49,900), 8.6% (Buy at $70,000)
It is obvious that's priced way below market and the Rental yield is high.

Occupancy rate need to be there to check it out.

Strategy:
Strategy 1: Buy and hold since the rental yield is high,positive cash flow
Strategy 2:- Buy->renovate->Sell at market price, approximate profit margin?


It is at the established area, nearby there is Shapadu Highway.



Down side:
This apartment needs renovation due to bad condition below.