investing in property
September 19, 2012Sticky post until all units are sold out. Haha. Scroll down for updates.
Update:
We’ve been getting crazy a lot of calls and bookings! Hurry and get yours if you’re interested.
Sorry for the lack of info.
The apartment details:
3 bedroom, 2 bathroom
869 sf
Located in Titi Tinggi
Guaranteed rental by UniMAP for 15 years
Leasehold 99 years
Completion date
1st phase: Jan 2013
2nd phase: April 2013
For more info, please call Ivy directly (number at the bottom of this post).
Leaflets can also be emailed to you if you want. Just email me at proudduckblog@gmail.com with the subject “LEAFLET”.
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After getting married, now I’m thinking more and more about my future and finances. If Dean and I were going to start a family, we need to think about some serious finance stuff.
Putting money in the bank is great, but the returns are pretty low. Like it or not, money makes money so we’ve got to spend first to make money. (True for a lot of things)
Shares, gold, property, so many things you can invest in now with whatever capital you have. Property is Β my dad’s favourite, so I’ve been taught to also learn about property and investing in the good ones. It doesn’t have to be high end! High end properties are lucrative investments, but not all of us can afford millions of ringgit in loan.
Things to look out for when investing in property:
1) Location – for obvious reasons. Strategic location will attract tenants, so look out for nearby shoplots, public transport, density, facilities, whether or not there’s a big supermarket chain there.
2) Price – compare with surrounding properties, but also bear in mind prices could be different due to extraordinary features/facilities, more strategic location etc.
3) Potential tenant – who would rent this property? If it’s near schools or a business area, definitely you’ll have a better chance of having tenants, either students (or their clingy parents) or the working class. Check also if the developer has some special guaranteed rental schemes.
4) Loans – Developers will usually help you do this since they have a network of preferred banks they work with. But you can also “shop” for loans by asking banks about their repayment plans.
5) Downpayment – usually 10% of the property price has to be paid upfront. The rest, you can take loan.
There is this loan calculator you can go on to see which investment is suitable for you. You just key in the property value and how many years you would like to take the loan for. From there they’ll calculate how much you’ll have to pay a month and you can see if it’s realistic for you or not. Pretty cool, eh?
I might be biased here but I would soooo recommend my dad’s development in Perlis. Simply because he’s clever and I’m not kidding.
Not only is he building a development for the biggest university in Perlis, UniMAP, he has also managed to secure guaranteed rental returns for the buyers of the student apartments.
It’s honestly an investment you shouldn’t turn your back on, because it’s so rare that you are guaranteed rental returns to your investment. You are sure to make money as soon as you buy.
Let me tell you more.
We’re building a uni campus comprising shop lots, libraries, lecture rooms and student apartments. When he told me about it, I said please make sure it’s a fun campus with lots of activities where students can have fun as well as study. Like where I studied in London, the campus life was so happening! So it would be so cool to recreate that atmosphere for UniMAP in Perlis.
UNICITI ALAM PROJECT in TITI TINGGI, PERLIS
As you can see, there are blocks of apartments and shop lots, and there is also a big boulevard strip in the center where all the activities from the uni will take place. With awesome location in Perlis, university backup, ready crowd and loads of activities and shop lots, I’m so excited to introduce to you this development.
Now here’s the best part.Β
The university (a public university funded by the government) has promised to rent all of the student apartments for 15 years. So if you buy a unit, you have a guaranteed rental paid to you for 15 years. After that, the property is yours to do whatever you want, or you can renew the contract. Can you imagine! For 15 years, you will just be getting income and not worry. We’re also offering free legal fees and free assistance on loans with banks.
Each unit is RM 168,000.
So if you take a 90% loan, you can see how much you’ll have to pay each month.
Just a rough estimation. Interest rates might differ.
I put there 30 years repayment, because of my young age. The older you are, the less likely the bank will allow such a long period.
So if I base on this, I only have to pay RM 800+ each month to the bank for my loan. And the university is paying me over RM 1,100+ each month for rent for 15 years. So I don’t have anything to worry about. Rental income each month, AND I own a property for life.
We were in the press too.
At our launch, it seemed like the whole Perlis came to sign up! We’re almost sold out with very few units left that we reserved for KL peeps. So if you don’t want to miss this opportunity while we’re still young, GET A UNIT QUICK.Β
Call Ivy at 03-20952703 or 012-6199952.
In perlis, where is it? The specific location?
Dear sis Vivy, I really hope that you will share about your house decoration *interior design*, and maybe your parent house too. Maybe, it can be awesome inspiration to others. π
Hi iqlima: it’s in titi tinggi, about 8 km from padang besar.
haha there’s nothing impressive to share about my ID! but thanks π
hai dear vivy. Tried to call ivy but din answered. Aaaa save 2units for me please!;)
Im just wondering can people from outside Msia buy this property? Is there any procedures or legal matters we need to comply?
Good prospect, but I need to check on the ‘money power’ of this UniMAPP so that it will not duplicate the Unisel’s problem (and will not jeopardise the investors in the long run).
Salam –
student apartment ada swimming pool ?
Good price and good return as well! Too bad i’m max out already. I need to find more income now. Anyway if you’re looking to invest in shares, you can find me. π
Unimap is a public uni right, so there shouldn’t be a problem right? Unisel is a private uni. Correct me if I’m wrong.
Hi leenz! Yep, UniMAP is a public university funded by the government, so there shouldn’t be any worry π
Norr: Unfortunately not for this development. But opposite this development, there are plans for the uni to build a sports complex, pool and more facilities for the students, so it’s going to be an awesome campus.
Assalamualaikum Vivy.I superlike this post.mainly because I am starting to educate myself about properties investment. I just love them houses ~ rumah panjang, apartment, landed properties. any good read that you would suggest for a beginner like me?
salam vivy.. want to ask one question. is the amount the university is paying is guaranteed at rm1100+?
Hi Vivy, can Singaporeans invest too? And no I don’t intend on taking up a bank loan.
guys remember just buy a house as a necessity not investment, one of the biggest riba. one house is enuff. not trying to b so alim or anything. just learned this thru my regular kelas ugama.
hummm..
hi, do u mind providing more specific information? i dont mind getting emails if you feel like protecting your privacy. can u provide the unit specs, land and build space, location of the place and how far from univeristy. just thought it could help me decide on investing or not.
unless u afford to buy in cash
Salam, are there any more units left? I know someone who’s interested.
wow! as ex student of unimap..im impressed….cool la…walaupun xsempat merasa kampus tetap dekat pauh….tp mmg berbaloi la…nice nice….awesome project! go uniMAP …ilmu keikhlasan kecemerlangan…heheh *nanges kejap
Yay, the first to leave comment on PD nuffnangx. Hiks (^_β) β
Dear Ivy,
May i know what is the size of each unit, as in how many square feet. May i also know the land status (free hold or leasehold or is it malay reserve).
When is it due for completion?
How many rooms are there in one apartment.
Thanks
Vivy, its sounds good. But i need to noe the sq feet,would u mind to reply asap the sq feet of the hse. As i am really interested to buy this property. Fyi, im aso young married couple n still survey for property to invest..
I’m an overseas investor and interested in investing in a unit here. Are there still units available?