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Feb 08
2010
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Increase in Demand for Semi-Detached Homes in 2010 in Damansara HeightsPosted by Eugene Liew in Semi-detached, Damansara Heights   |
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I noticed since the beginning of 2010, there is a surge in demand for semi-detached homes. It is probably because of the lower entry level in the range of RM 2.3mil to RM 3.5mil.
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Bought a basic semi-detached in damansara heights in year 2003 for RM 1.6 million and sold it in year 2009 for RM 2.2 million. Rented it out for RM 4,000 per month for 4 years. Total gross return (capital gain plus rental income) was approximately RM 800,000 for 6 years or an ROI of 48% averaging 8% per annum. I suppose you can't go far wrong buying a semi-d in Damansara Heights.
As for bungalows, for the price range of RM 2.5 million to RM 3.5 million in Damansara Heights, you can only get very old run down bungalows that probably requires at least RM 200 per sq foot to refurbish to new. That would bring the costs of a renovated bungalow to at least RM 4 miilion which may not be afforfdable to most people. Semi-detached houses are a good alternative.
As for bungalows, for the price range of RM 2.5 million to RM 3.5 million in Damansara Heights, you can only get very old run down bungalows that probably requires at least RM 200 per sq foot to refurbish to new. That would bring the costs of a renovated bungalow to at least RM 4 miilion which may not be afforfdable to most people. Semi-detached houses are a good alternative.
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10:48 February 26, 2010
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The area i am referring to is in Damansara Heights. Examples would be Semi-d's in seri beringin, setiabakti, setiamurni & beringin residence. Response from advertisements have been quite encouraging compared to higher priced bungalows.
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09:50 February 22, 2010
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