Agreed with you where the good thing is Still considered Affordable. (Not really for low income range). Besides, PRIMA or RUMAHWIP mostly nearby amenities and and ofcourse bus/taxi/lrt station which is quite convenience for the residents.
Disadvantages is i found out that most of the PRIMA or RUMAHWIP projects will be near to High Tension Tower if you did research a little bit on it. Secondly i would say is the securities concern.
Every new project will come with affordable house (PRIMA, RUMAHWIP) now.So dont believe too much if the agent told you it wont be any afforable house project beside their new project.
within 10 years you can't rent or sell to third party included name transfer to your family members as i was told. Some of my client who did ask for consultation on renting out PRIMA or RUMAHWIP, i can share some of their question as well.
1. can i rent it out?
you can't and i can't even provide you tenancy agreement because it is against the rules and regulations of the project.
2. how bout renting it out without tenancy agreement?
you might can do so, but how if your tenant didn't pay for your rental? or anything like they make damage on your property? You can't do anything because both parties didn't sign any legal documents. Secondly you might be charge on renting it out since it's against the project policy.
domng- yea, you're right! Haha. sorry for my english. Renting out partially still abit risky due to security concern. And i think not much people can accept that if staying together with owner because like getting monitored. Depends la.
Haha. Yea, not only owner afraid of bad tenant, even tenant also worry bout bad tenant. Like in colleges area,most of them rent out rooms to different tenant. Even worst case, I had been living in Taiwan for more than 5 years before, and a lot of the owner, make partition out of the original unit as rooms, and rent it out to get more income (most of them is illegal).And i really having a night mare where the couple besides my house making out almost everyday! and when they argue, my room will be like going to collapse because of them.Haha