Comments on: What is considered a “Furnished Apartment for Rent/Sale”?

By: Linda Lim

Linda Lim — Wed, 23 Mar 2011 03:26:25 +0000

Pls get me an apartment (furnish) 1 room or 3 rooms at Prima Rengency. Contact -012-6319950

By: ongkl

ongkl — Fri, 22 May 2009 07:53:57 +0000

Hi WSTay, We are also fresh in this market. You can read our article “How to find good real estate/property agents?” to learn how to locate good agents. Cheers

By: WSTay

WSTay — Tue, 19 May 2009 13:42:46 +0000

Hi Ong, how long have you been doing this business?
In fact, I am fresh in this market. In the last few weeks, I have found a couple studio Prima Regency units for sale that under my budget, but I am less confidence to find a tenant. I know that there are many agents in the market who can help, but to find a good agent is not easy, I am appreciate If you could guide me.

By: ongkl

ongkl — Tue, 19 May 2009 01:55:28 +0000

Hi WSTay,

We have no problem to find a tenant because we engaged several good agents to locate tenants for us. In fact there were 4 prospective tenants, most of them were corporate tenants.

If you are able to rent it out for RM1200/mth, it is worth investing even after you include all the legal fees. However, do check if it’s worth borrowing because that depends on the minimum monthly installment that you can get.

Cheers

By: WSTay

WSTay — Sun, 17 May 2009 14:40:57 +0000

Hi Ong, this is really a good return to find a “Ready” unit. Is it easy for you to find a tenant?

I did call up an owner this morning, who offer me RM110K, partial-furnished without car park lot at level 12. I budget RM15,000 for furnishing work and RM8,000 to buy a car park lot, total wil be RM133,000. Do you think it is worth to invest if I also rent it out for RM1,200/mth?

By: ongkl

ongkl — Mon, 11 May 2009 01:09:05 +0000

Hi WSTay,

Yes, the price includes a car park lot.
Previous owner rented it out for RM900, which we believe is much below market value. We are going to rent it out for RM1200.

Cheers

By: WSTay

WSTay — Sun, 10 May 2009 15:03:26 +0000

Ong, was this price “123K” included car park? How much were you renting it out?

By: ongkl

ongkl — Sun, 10 May 2009 11:24:28 +0000

Hi WSTay,

We have one studio unit in Prima Regency bought at RM123k which has been furnished nicely. This is one of the units that does not require further furnishing work before we rent it out.

Previous owner claimed that he has spent around RM20k in furnishing. We will share this case in our upcoming article.

Cheers

By: WSTay

WSTay — Sat, 09 May 2009 13:18:59 +0000

Ong, as what I know, one studio apartment in Prima Regency costs about 100K – 120K, can I know how much it costs as referred by you “being furnished NICELY” for studio apartment in Prima Regency?

By: Fauzi

Fauzi — Fri, 13 Feb 2009 17:43:13 +0000

That’s sound interesting and make sense. Anyway, I read Renesial Leong’s book about property and tenancy and she adviced to rent the prop without furnishing. In contras, with current competetive market which supply surpassed demand, I also believed in ‘fully furnish’ unit which will enhanced ‘wow’ factor to potential tenant.. The cheap source of furnitures and appliances is another question to procure. Anyone knows any ‘lubang’ to get second hand furnitures and descent second hand home appliances?