My Trading Adventure

Sunway South Quay

CP TEH
Publish date: Sun, 14 Apr 2013, 07:56 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


http://www.sunwayproperty.com/pd/lacosta.asp






Lake Inspired Lifestlye 

 At LaCosta, a pristine 28-acre lake surrounded by natural greens forms a tranquil backdrop to an inspiring lakeside lifestyle. Lush sky gardens and landscape podiums blend effortlessly with contemporary architecture. Relax on the sands of your own private beach pool in the city, or change pace and head for the award-winning entertainment, leisure, and hospitality attractions that Sunway Resort City offers. All right at your door step, as are leading educational and medical facilities.

I went to pyramid to gather some information about buying properties. This one attracted my attention as it has a 'beach'. And I could walk to my fav shopping mall, Sunway Pyramid or a transit bus. It is very nice ... smallest unit is 1300 sq ft ... and the price is ... errr ... RM950k, cheapest unit, with maintainance fees at 33cents per sq ft(RM400 per month). 2 car-parks, facing the lake too. but it is lease-hold.

How much should I be paying per month? Assuming I m grabbing it today ... 10% discount plus 7% bumi-discount and extra RM10k discount(for today only?) ... taking the maximum years the bank allowing(70yrs old), i will be paying RM3800 per month!! Wow ...

So, when I told the sales-person and the banker that I m just a lecturer with income less than RM5k per month, it is not possible ... I do need RM8k net income to be able to take the loan .... and this is only the basic.

So ... nice to see, not able to afford. But gained some shopping experience and will look for something i could afford, such as below RM300k?

TEH

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Discussions
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dliew888

If you earn only <RM5K a month you can basically forget about buying properties in Sunway, Subang and Puchong area. Try Rawang and Bukit Beruntung.

2013-04-15 09:29

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