Hi,i'm new in property investment. I'm looking for a condo for rent out for investment and maybe own stay after few years. Can anyone pls give comment on Venice Hill Condo at Cheras and Fortuna Court at OUG? Which is more suitable for investment and easyly rent out? My budget is about RM150k only. Hoefully can make a correct investment lo. Anyone kindly give some opinion?
I saw a unit at Venice RM150k, while Fortuna is about RM160k. The price is much different but how about the rental and future value? I check from internet, both Venice Hill and Fortuna can rent up to RM1000,is it real??? Is there any other issue i should look into? Hope all can guide me o give some opinion. Thanks..

This post has been edited by adilee: Jun 20 2009, 01:32 PM

venice hill condo to be frank only can be buy for own stay. it has no resale value at all. there's many positive reason for staying but not for investment. still a lot of units are empty / un-rented. if for own stay, it's a great place.

alexis_wll,thanks...means is quite hard to rent out for that area? Do you have any suggestion for investment? but my budget not much...

not much suggestion . maybe nearer to kl area like nearby colleges / universities ... you may seek advice from realty agent / friends...

Yes true that Fortuna Court Fully Furnish with Aircond can rent up to 1.1k. Note that FC maintenance fee is 20sen/sqt.

This post has been edited by Putraskyline: Jun 21 2009, 11:06 AM

so,actually is good for rent o not? easy to rent out? if buying for renting out,any other suggestion? but my budget is only less than RM150k..

There's a reason why Venice Hill is 150k when the sqf is pretty huge

Try Ketumbar Heights, 750psf with RM600 rent, price around RM110-120k. Maintenance less than RM100/month

Sorry, can u kindly tell me wat is the reason Venice Hill can get so huge sqf? Ketumbar Heights? I'll try check for it...Thanks...But by the way, Venice Hill really can rent out at RM1k?

Just avoid it for investment purpose.

since ur budget is kinda tight, prob u might wanna consider saving more 1st before hopping onto the property investment bandwagon. am not familiar with the 2 properties u mentioned but from the looks of fellow forumners, both of them dont really seem to be investment grade properties here.

do bear in mind that properties within the range of RM100k+ cater for a diff group of tenants, which might have a higher probability of payment probs. but then again, not to say those who can afford higher rent would be good paymasters. still boils down to ur tenant selection and scrutinisation.

adilee,

why dont you target those apartment in Shah Alam, around sec 26/27? Most of them are rented out to the workers of the big companies there.

What the companies usually do is to take up 20-30 units and they give it to their workers to stay.

I used to owned one there, got it very cheap, around 81k and rented out for RM600. You dont need to worry about payment coz the company will pay you directly. You also dont have to worry about fixing up things as they have their own maintenance guy.

When I sold it off recently, they even clean up the place before handling it back to me. ;-)

This post has been edited by aramis888: Jun 22 2009, 11:28 AM

Actually i'm working in Shah Alam as well...really can rent with good price? cos most of them tell me target the UiTM student..but i not prefer to rent to student...

true, i rent out last time to people, now empty. what happen to the demand there ?

cause near Econsave there's new flats just got their keys ... the demand will drop since the flat rent out lower price compared to venice hill... as i heard agents are taking them for rm400 a month for at least 80 units for students stay... compared to venice hill might fetch about at least rm750 fully furnish, they might choose cheaper alternative ( personally i love venice hill those front towers like 1-6 )

remember, some agent might cheat you for ketumbar height and ketumbar hill, both condo and flat side by side... if investment, i'm not sure whether fetch a good price since i get in there only able to look at the car parks... i heard the swimming pool is nice, but i'm not resident so just round round at the car at parking...i forgot which one also have the CF issue, hope it's ok already la

last time been survey many condo /houses with less than 200k budget for loan ,and regret bought a new property... i still prefer lagenda mas but that time the agent look down on us... after paid and sign snp for under construction property only call back ask whether i'm still interested or not ( in my heart , yes yes yes! , but too late lo ...)

i think you may increase your budget a little, at least can get slightly better property in terms of investment... i know i'm not much help here but from my experience for searching house more than 1 year, 200k is not really enough for investment even i'm only look for own stay

This post has been edited by alexis_wll: Jun 25 2009, 02:13 PM

thanks alexis_wll,then in the end, where u buy ur house? any suggestion if i'm planning to buy for investment (like collect rental)?

that's why i say regret,don't ask me where my gf buy lo. for investment, i think you better buy nearby college/ universities but the property nearby super expensive... i think as other forumer said, shah alam is quite ok, i heard malay friends said she rent master room for rm500 (i think expensive la, in kl i rent middle room only rm300) ... she said her house near stadium,quite many projects at shah alam but i can't recommend any

another one that i wish to buy in the future is miharja condo, last time i search around got about rm115k for a unit,auction properties might be around 100k, i stayed there before in a unit above management office, for my stay i feel quite safe last time. rent out i think can fetch at least rm800 one unit...now swimming pool is ok already,maybe property value been fetch up...

if you know which developer going to launch some projects before launching... my fren's mother bought few units about 140k, when under construction it increase to 170k, sold some of it, after completed the property become at least 220k... i think it's depends on your luck and analysis...

search slowly,don't rush ah

This post has been edited by alexis_wll: Jun 26 2009, 08:44 PM

Thanks a lot...really...i learn a lot from u...

any reason why venice hill is cheap?

it's not cheap last time cause venice hill was used as a resort for the golf player...many singaporean and investers bought the units and reno it for rent... i'd step inside one of the unit, i like it... but the only thing is mother dislike that got people stay before... give up the hope...

(i viewed t night, the place is cold and quiet, with many lights and trees to view... the rubbish area is super clean, the lifts very clean... the only annoying thing is disturbed by black people everywhere i go(not venice hill la, scare m)... the facilities i feel it's alright, but never see before.. i heard got gym, swimming pools, i saw playgrounds quite clean,sometimes with puppies running around very cute... their security also quite ok, visitors cars with big big sign but IC they keep it lo

thereafter, when the developer building more towers, they didn't submit the plan to the authorities.. hence at first no CF for the last few towers... considered as abandon projects even already complete about 60-80% ... if not mistaken there's penalty of at least RM300k to pay before approve for CF but developer ignore it

from years to years, the owners and pro-term committees writing letters, do their job, submit a lot of things as required and finally get most (NOT ALL) CF for their units... some are trying to sell the units and mostly rent to masterskill students and black peoples...

you can see the shoplots between tower 9 and tower 10, no one inside except drug addicts, every shop with all broken windows,missing wiring... because they build illegally, and sell to people, no electricity/water supply to them. they can't sell it too, no CF,suppose to be torn down and rebuild... cause they try to apply with paying penalties but can't...

slowly, maybe they(developer) don't know how to manage money gua... sell the land and everything... they from high reputable developer become down to drain de developer... very sad

but i see one project under same developer, which is exactly beside sunway cheras 3 storey entrance... before sunway cheras completed they already show the signboards want to build houses and a lot of pipes there until now there's no progress at all...

like that can buy? 1700sq++ for 160k is really a steal, but with so many niggas

---

Added on June 28, 2009, 9:26 pmbtw, alexis..since u do so many research, got any condp/landed place about 200k to buy? will be my 1st house and for own stay..i've been looking around, so far cheras is the most affordable area to me

This post has been edited by Chester: Jun 28 2009, 09:26 PM