I would like some experts advice on investing in eighteen 2 bed room apartments. Do you think it will be a good idea to invest for rental purposes in future. As per zameen.Com listing price is around 16 millions. Thanks
Muhammed sb, pricing is relevant based on
-- Size of Apartment (Sq. ft.)
-- Features of the Apartment (level from ground, dedicated parking, front view etc. etc.)
In Pakistan, except KHI flats are not considered as good for selling and price increase though trends are changing. The apartment projects along Kashmir Highway till G-15 are doing well compared to others.
I personally see good future of apartments in Top City and Eighteen depends on what deal an individual gets! At pre-launch the prices are attractive but some risk too of project getting stagnant. Good to book when atleast ground work kick starts.
As of now, generally speaking, apartment seem tempting to buy on installments, however, across Punjab apartment can yield decent monthly rent returns but not easy to sell and in many cases depreciate if one Wana sell them.
I suggest, in that budget a 5 Marla house in that area around 18 will be better ...
Yes agree with Imtiaz in this amount a branded 5 marla house can be bought.
Much appreciated Imtiaz sir, would you please give me few options around Eighteen or G sectors as I am looking for a house in that locality specifically closed to the schools in Islamabad.
Muhammad,
Eighteen Islamabad promises high-class luxury living. It's price tag for villas and apartments is relatively high, but if they are able to pull the community they hope then these properties will be high in demand. Just like Centaurus that once seemed expensive, but gave huge returns in price growth and rental to it's investors.
I can connect you to right person if you PM me your contact details.
Apartment projects in G-13 area named LifeStyle Residency and Kashmir Avenue apartments are best in terms of rental yields and resale on good profits in future.
Eighteen is quite expensive project and out of the main boundaries of the capital any thing beyond G-14 should not be considered.
G-11 PHA apartments are best for rental returns.
For apartments consider only options with the g-14 boundaries and with the FGEHA and PHA brands. I would agree to go for 5 marla house instead if you considering any options for apartments other than FGEHA and PHA.
For buying a house go for Bahria Enclave, Phase 8, B-17, New City Wah, G-14/4, old construction houses in G sectors.
Also commercial shops can be considered
Muhammed sb, I say G-13 or G-14/4 can be among best options in that budget. Their location that is before GT Road Interchange is quite good and I have heard good about G-13 (FGEHA). Added benefit is Public Transport Connectivity (subject to Metro Operationalisation that will connect it to all of the twin cities).
G-13 minimum size is 25x40 (5 Marla Width, 4 Marla Length) starting somewhere around 115 and goes to 130 though it needs a double check. With a basement + 2-story, the covered area becomes equivalent to a double story 6 Marla.
With apartments lets say 1000 sq. ft., depending on context but at-least 20% of that is counted in the name of circulation passages, front, parking etc. So basically you will have to pay for every inch of that area that doesn't belong to your covered area in an apartment.
Having said that, I think Isloo Khalid sb can be a right persons/sources here to get to know more about 18 or apartments in G-series.
Eighteen project is mainly financed by a highly reputable Egyptian investor, Mr Hamdy.
He has high respect in Egypt and planning to do more developments in other parts of Pakistan..in Peshawar, Gawadar...
One thing is relaxing in Eighteen project that it is likely to be free from our typical developer's dirty tactices.
Egyptians worked with me in gulf and whoever, I happened to converse with, talked nice about Mr Hamdy.
AQ sb, the tragedy, globally best selling Corolla is a Kachraa as soon as it enters PAK market.
I do hope 18 redefines luxury living and set some standards, however as a relevant example: Emmar a big fish in Mideast and beyond is pretty much flat flop in PAK!
Clientage exists but our system and managerial stuff is not yet ready to create project of intl. repute and marketability or give that a touch of exclusiveness for locals. It may not have to do all with money and finances but mind set and servicing that is pathetic even at best of the best private ventures ...
Imtiaz, I have studied Eighteen, it will surprise the market once gets off the ground. The group has deep pockets and in no hurry to collect money and disappear as others do. They are mainly targeting high net worth individuals who live international life. Chinese are their second best customer group who want to be close to airport and CPEC route for obvious reasons. So you can not compare it with G series, Top/Mumtaz city, and other zone 2 projects.
Thanks Isloo for adding and sharing useful insights!
Actually there wasn't any comparison and there didn't exist any. My previous comments were in regard to Muhammed sb asking for a potential house in that budget, in those areas or proximity of KH with commute and other relevant facilities!