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About Me
- sinleong
- Kuala Lumpur, Malaysia
- I am a Telecoms Engineer and property collector. I have been collecting properties since taking out a low interest company loan to buy my first apartment. My prime focus has always been the Kuala Lumpur city center but recently I have been branching out to other districts. In my opinion, Kuala Lumpur offers among the most affordable real estate in the world.
12 comments:
Hye sin leong...can snap more photo ..im also currently renovating subsale property for investment.your blog really inspiring knowing there are young people like us interested in properties
congratss!
Hi Sin Leong. Passed by your house it actually looked better than pics. Can you post some of the internal pics. Appreciate. Thks
How much the renovation cost you and how long do you plan to hold on to the property? Do you plan to rent it out for the time being or you would use it for your own stay? I also bought a basic house in SS 17, Subang Jaya in anticipation of the LRT line that will change the profile of the area.
How old is the property
Hi,
I stay in usj. Unfortunately the price here is so high now it is hard to replicate your idea in usj.
I do plan to reno and flip since I am experienced in this industry. The problem is I don't know how to avoid paying RPGT and bank penalty, assuming I sell the house 6 months after.
What would you advice? Thanks in advance.
- Lim
landed properties are for long term investment. why would you want to flip under 5 years and pay RPGT? if you do, make sure the margin is sufficient to make it worthwhile
Brilliant bro, congrats. Out of curiosity, is this unit rented out currently and what is the rate? With your purchase price of 350k+100k for renovation, I struggle to understand how you can make a decent (in fact a +tive) rental yield in this part of town?
that's why i had to rent out room by room and i put a bathroom into every room for slightly higher rental.
Interesting, targeting young professionals?
yes, that's right...
Thanks for sharing!
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