MY LATEST INVESTMENT IN MONT' KIARA (RENTED OUT WITHIN A WEEK)
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- čas přidán 3. 10. 2023
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I've just gotten my unit in Mont' Kiara, a subsale unit within a mixed development project and I rented it out within a week at a rate beyond my expectation. So now, I will wait for 6 months until I will sign the agreement for another project developed by the same developer.
Road to 25 let's go!!
Hi Sean, can you please do 1 or 2 bedroom apartment next time especially for Bukit Jalil like Park 2 Bukit Jalil.. the previous video was all a family apartment layout, i think a lot of single people looking for apartment too! Thanks Sean :)
Love the layout too
1/ What is the monthly mgmt fees for Ooak ? 2/ Why no balcony for Solasta ? 3/ Consider 35yrs later, will RM depreciate more against SGD and USD, wouldn't you want to consider investing outside Malaysia ?
Hi Sean, would be great if u could make a review for Miranda Hill! Thanks 🙏
Congrats 🎉
Great name(s) think alike! Sean Tan here also owns a unit at Ooak!
Hahaha!! Good job Sean!! I mean you hehe:)
Love Mont Kiara! Its township feels like walking at Singapore's Robinson Quay.
Hi Sean, your Ooak looks nice renovated. May i know which theme is this?
11:11 On the note on royalty, tan sri’s son and datuk’s son. These are ppl who can genuinely afford the property yet they get discounts, whereas ordinary ppl pay the original price or higher 😅 Life is so unfair 🤣
Really enjoy your videos! I just have one comment, Hope you can get a mini gimbal or something cause get very dizzy watching sometimes haha
So sorry for the dizziness yea hahaha. I shall train my shoulders for more stability;)
Understand makeoverguys help for the furnishing. Would love to know what is the service you use to help rent it out ?
I rarely give comment but when you shared this developer that triggered me. I am a victim of this developer for their project in Seri Kembangan. The workmanship and the plan is really unacceptable with the selling price. Not sure if your team has really good connection to the developer so you already know it is different standard for their projects in Mont Kiara. Hopefully it is a good project to you. Anyway good luck.
Daikor same like the car industry, developers are their bossses and we are the victim. Its their job u think they are the Salvation Army?
Can I know the project name?
Congrats, very nice indeed
Well done
Nice location, I love it.
Thanks for sharing.
Thanks for watching :)
Hi Shaun. May I ask if you have received your unit Individual Strata Title in the Ooak? If not, should we be concerned?
MRT3 is not awarded yet, so no MRT works at the moment.
wonderful!!!
traffic here crazy bro. there were certain time it took me 40 minutes to go through jalan kiara 3. i thought federal highway already worst.
Yea. That's why for people here absolutely enjoyed the walking distance amenities.
Thanks for watching man!!
Wow congrates iherng
Appreciate it:)
So sorry to hear that being a Tan Sri’s son might give you a better price. Hope sellers stop carrying on this insidious practice!
lol chill. Even if he is, the value he provides on his YT channel is really good.
I don't think he meant me lah hahaha. But appreciate the support Vikram;)
2:08 Really annoying when riders use pedestrian walkway. should be only for those on foot or on wheelchair.
Yealoh. Looking back while editing I only realised it was really dangerous:/
Thanks for pointing it out
Did you renovate with makeover guys?
There is a cemetery right behind Solasta. So don't think it could fetch sufficient tenant traffic when you have much better condos nearby such as Parq and MET1
Great comparison of projects. But have you compared the price between these 3 projects? Easily the one you mentioned are 35% to 40% higher in price.
Hi Sean I looking into Grand damansara for investment purpose , is it a right choice ? 😅
Same question.. placed booking fee already
so the property is RM1mil, assuming paid RM100k as downpayment and loan RM900k, even at interest rate of 3.5% for 35 years, its monthly installment of RM3700. Assuming you get rental of RM4000, as you said is the average, its a cashflow positive of RM300 not calculating maintenance cost and renovation cost (which i dont think would be cheap to fetch for RM5000)...so whats the big deal?
Property Investment is a long term game. From 100k to 1million after 35yrs, is pretty healthy investment to me.
@@departurexx1520 this is just being speculative that there is going to be capital appreciation, even then freehold landed yes may be quite confident, but Condo in an already developed area? not so sure. more importantly, whats the diff with putting the 100k in EPF for 35 years? approximately 5-6% return. only benefit is the loan leverage but at a higher risk.
@@louisliaw8386 Everyone has their own preference of invesment, be it property / stocks / bonds / crypto/ watch / tea whatsoever.
You are right, what's the big deal ? There's NO PERFECT investment fyi, you may think EPF is the best, but for some of us it is not a good option in terms of flexibility / liquidity. The moment you put your money in, it's stuck until you are 55.
You may be right, the property might have no capital appreciation . Might get bad tenant. Might get empty for months in between tenants. Might get lousy management.
BUT did you factor in
1) that the Owner is not paying a single cent to the bank monthly? Tenants are paying for him and over the years, the principal payment will add up ..
2) WHAT IF the price of the property goes up double / triple in 35 years?
3) WHAT IF the price of the rental goes up over the years?
4) WHAT IF the return is higher than EPF after 30 years ?
The problem with society now is, everyone pandai to criticise but they never take action .. pandai cakap but have 0 investment, or invested in a lousy condo (get bad return) and telling everyone how shitty property investment is. It is always better to take action and EXPERIENCE yourself. If fail, educate others, if succeeded, educate others as well.
Because of leverage. 5-6% of 900k is well over 40% of 100k. Though that’s just an exaggerated example, if we zoom in on loan interest vs ROI in this case, current interest rate is about 3.85-4.55% depending on profile. At the average rent of 4k that’s about 5.3% of 900k. Even if we pluck the highest interest rate, there’s still a gain of 0.75% of 900k per annum. Which is still 6.75% of 100k.
And not forgetting there’s a chance of capital appreciation. Plus, tangible non current assets age better than pure currency against inflation. So yeah, his purchase was fairly just like he said, “if the interest rates remain the same”.
That different of loan leverage is that absolute reason. The unit was rented out RM 5000, so it means every month I get RM 1000 positive cashflow while instalment being covered by tenant. If I put everything into the loan account, it’s RM 60k in equity every year.
Then add on a very conservative 1% increase in price every year in the most popular street in Mont Kiara. How much would the property be worth in 35 years later? Well I can also sell halfway too.
The rent will then be considered as part of my income to qualify for my next investment, and do all these again. The part you missed out will be you assumed I paid RM 100k downpayment and you didn’t finish the video hahaha:)
Does anyone has any thoughts if the China evegrande incident will also impact us
Few ways to look at it actually. It might help us as Malaysia might be a great alternative for investment to them.
May I know what is the progress of Solasta now?
Block A is ahead of estimated progress:)
14th floor, here we come.
What do you think about Isola?
Which Isola?
@@iherng Isola KLCC
how to get discount being a dato's son? Asking for a friend :)
Property market crashing worldwide. Interest rates are staying high for at least 2 to 3years.
i only noticed condo price coming down, landed still going mad zzzz
Yes, this is what I noticed too.
Why so?
1. Mont Kiara very over rated - poor roads, jam, average quality buildings.
2. Expats should open eyes to many other growth centers in klang valley eg cyberjaya, kl sentral, sentral suites brickfields all with easier access to KLIA Airport among other benefits.
3. Mont kiara heydays late 90s, early 2000s...now its very oversupplied. 🤔🤔🤔
Well the rent doesn’t show any sign of oversupply yet.
the guy selling to iherng must feel like shit now haha. I mean if iherng is buying from me, i would keep it hahaha. If oil company want to buy your house, then your house is valuable.
Lol, if this method works so well, he already boom all his ccriss and go all out for investment. Not reliable at all.
Well all of us are entitled to 2 90% loans for residential projects only. So if max is correct, which is 2 loh..
Can i know if 90% loan is for subsale or brand new projects?
You overpaid for your condo man
Well it is already cheaper than those who bought directly from the developer 4 years ago.
@@iherng If you compare that way, yes, but if you look at the price trend of all the other condos in mk, not much cap gain potential
lol now buy new property for investment really dumb dumb. Putting myr into sgd already 10% annualised the last 5 years not including fd interest. why bother the heart burn managing property?
Still going to say it. Cause u leverage. If u put only in savings account. 100k return is 10k per year per your 10% . But if u invest in property. With the 100k into say a 500k property. With an ROI of say lowest I give u is 4% . With 500k of 4% is 20k. Which is two times 10k. It's just as simple as that. If you don't leverage, then ya other means of investments is better. Housing market attractiveness comes from this. Not to mention if any capital appreciation that by right will hedge against inflation. If u add that up it will be more than 10%
@@popcorn600 like you no need to pay back interest... and the risk cost covert precisely 5 years failed. S&P 500 top 10 already 120% over 5 years. Same leverage bring you roughly 400%. People just don't see property is for the cash rich. Not "leverage" of the poor.
@@hc8714 that's the thing. No banks provides such leverage for s&p500, u can leverage thru other means but you didn't take into account of recession and high risk that comes with it, if u leverage at the wrong time, u will lose all ur money, 50% drop just happen during covid. Real estate doesn't drop as such. The annual return for s&p is 10-13%. Fyi Most Msia real estate is floating interest, unlike US of fixed interest. Hence they can hike whatever they want but msia cannot afford to do that. As that will cause lots of low to middle income families to default. Hence, that's why Msia will stay lower than 4.5% interest. Leverage on housing estate is still the safer way