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Your one stop centre for property market research, feasibility studies, income level surveys in Kuala Lumpur or Selangor.
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crocodile
Joined: 05 Nov 2009
Posts: 1
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 Posted: Thu Nov 05, 2009 3:29 pm Post subject: Mutiara Villa, Bukit Bintang, a fair price per sq foot? |
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I bought a 95 sq meter unit in Mutiara Villa for my own occupation a little over a year ago for 250,000 RM. Pretty rough condition! Doing the sums, that is about 245 RM a sq foot.
I am now looking to buy a second apartment in Bukit Bintang for rental purposes. The apartment next door to me is 99 sq m with an asking price of 385,000 RM. It is a corner apartment with extra balconies. Doing the sums, it is about 362 RM a sq foot.
I can not see the sense in such a difference.
Did I get an amazing bargain on the first purchase, and was fantastically lucky? Or is the owner of this second apartment just trying it on, and does not really want to sell? Can people offer me opinions about these figures please? |
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| Posted: Thu Nov 05, 2009 3:29 pm Post subject: Advertisement |
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rollsroyce
Joined: 28 May 2007
Occupation: Jedi Master
Posts: 213
Location: Dagobah System
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| Posted: Thu Nov 05, 2009 6:22 pm Post subject: |
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You may go by the price of $253 - $260 per sq ft.
Warm Regards |
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bhkoo
Joined: 27 May 2007
Posts: 122
Location: KL
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| Posted: Fri Nov 06, 2009 12:57 am Post subject: Re: Mutiara Villa, Bukit Bintang, a fair price per sq foot? |
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| crocodile wrote: | I bought a 95 sq meter unit in Mutiara Villa for my own occupation a little over a year ago for 250,000 RM. Pretty rough condition! Doing the sums, that is about 245 RM a sq foot.
I am now looking to buy a second apartment in Bukit Bintang for rental purposes. The apartment next door to me is 99 sq m with an asking price of 385,000 RM. It is a corner apartment with extra balconies. Doing the sums, it is about 362 RM a sq foot.
I can not see the sense in such a difference.
Did I get an amazing bargain on the first purchase, and was fantastically lucky? Or is the owner of this second apartment just trying it on, and does not really want to sell? Can people offer me opinions about these figures please? |
For a budget of Rm370k - RM390k, you'll get a 500+ sf unit in Times Square or 231 TR. This is why the seller is sticking to his exorbitant price because his built-up area is much bigger. I believe he will be able to get his price. The seller has read the market well  |
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