Lowyat.NET: Latest topics by Ck1976

Golden Palm Growers Scheme

Ck1976 — Sat, 09 Sep 2017 19:05:41 +0800

Hi All ,

Calling all the Golden Palm Growers Scheme investor (GPGS) , Anyone receive their latest memorandum ?
GPGS propose to sell it off or early termination ?

They will be calling 2nd October 17 for EGM .
Anyone attending ?

To keep or sell

Ck1976 — Fri, 03 Apr 2015 18:28:52 +0800

Hi All Sifu ,

Need your advise should I sell or keep this property , please share your thoughts with me .

Property: A
Current value : 460,000
Current outstanding: 160,000
Nett value : 300,000 ( estimate )
Current rental : 1400 -160 (maintenance fees ) = 1240 nett rental
Current installment: 1'111
Nett income rental : 130

Based on the above scenario , I only have a nett gain of 130 monthly which equals to 1,560 a year .
If I would sell off this property and convert my nett value into Fixed Deposit as below :
300,000 x 4% ( a rough count on FD rate ) = 12,000 interest a year .

So In summary ,
Option A - keep this property and I would have 1,560 on nett rental a year .
Option B - sell this property and convert into FD ,I would have 12,000 a year .

I know the next question could be the potential of appreciation of this property , sorry I have no idea .
Maybe 3-5% a year .

Please help .....

Restructuring Property Investment

Ck1976 — Mon, 02 Sep 2013 19:19:04 +0800

Dear All Sifu,

I just been wondering around and dont know what should i do with my current protfolio.
Thought of asking all the senior here ,what should i do with my property:-

Here is my case
I have 2 properties which cross my mind should i consolidate or not .

Property A
Current Price = 360,000
Outstanding Loan = 170,000
Rental = 1,400
Bank installment = 1,111
Nett Income per month = 129 ( after deduct maintenance)
Status =Leasehold

Property B
Current Price =350,000
Outstanding Loan = 110,000
Rental = 1,000
Bank installment = 650
Nett Income per month = 160 ( after deduct maintenance)
Status = Freehold

Both are very good paymaster and monthly been receiving surplus of 289 only.
Scenario 1
Intended to sell off property B , with this i can realise the following from disposing Property B:
Unlock cash value of 240,000
220,000 after deduct 20,000 from micellanous lawyer fees or tax.
With this i can settle my Property A outstanding loan at 170,000.

At the end i will get , 70,000 cash after payoff Property A outstanding loan.
Monthly income from 289 increase to 1,240 monthly .

Scnario 2
Keep this both property and wait till further appriciation .

Please shared some light to me or what is the best option ,to optimise my return.

Thanks
Calvin

Best ROI -Rental Return Properties

Ck1976 — Tue, 11 Dec 2012 20:46:31 +0800

Hi All,

I saw previous post been actively talk about properties investment.
Just wonder after much increase in properties price ,where can we hunt for
Good investment or Good rental return.
Is the list still the same...

Maybe let me start with the List :-
1) Setapak - Platinum,Alpha -6-8%
2) Tmn Miharja - Apt -7%
3) Damansara Semantan 10 - 7%
4)