I will be much grateful if sifus here can give me some advice on this. I intend to invest in property for 400k budget, currently 2 places are in my mind:

1) Casa Mutiara, KL (rental yield, about 7-8%) and
2) Rhythm Avenue at USJ 19 (rental yield is a bit low now, about 5-6%. I opt for capital appreciation for this one as digital mall and carrefour are just located below the apartment and the availability of lrt station in the future)

I am also sourcing for some good property around taman desa, old klang rood and bukit jalil area. Expert here can give some comments?

Thanks in advance.

If btw the 2 within these few yrs - the clear choice would be Casa Mutiara based on the location, yield factor and occupancy rate.

Rythm Avenue was an abandon revived X2 project so the finishing and workmanship is suspect, mgmt & occupancy is not great. Carrefour & digital mall's dead even after 8 mths!!!

In a few yrs time when the lrt is up then mayb it would be better the Casa but I doubt it. But RM400k is a big budget; u intend to purchase 3 unit?

Yup, you are rite. but CS price is about 620psf but RA only 210psf currently.

Frankly speaking, the RA finishing quality is in the low medium range but judging from its entry price, still worth it i think...

I intend to buy one of each but still looking for other areas. any recommendation?

ps: if anyone happen to have an unit in Maytower and ready for short term tenancy (about 3 months, rental >rm2.5k), pls pm me as my tenant is looking for another 2 units.

Casa mutiara looks good but i'll probably wait for the new one beside Swiss Garden. can't recall the name

At 400k, choices are abundant, what do you think about 231TR and PJ8? Occupancy rate is not high ATM , hence the reasonable pricing. Potential?

wait for RGE, prospects looks very good, going to be VP soon

Agree, RGE looks really good .. reasonably priced at 330/sq ft.. should fetch good rental yield but doubt it will appreciate much in the long run..
probably good to buy-rent-flip

Concur but surprisingly it did not appreciate much....about 25-35%. Maybe it is a good time to go in....what do u guys think?

This post has been edited by Joink: Sep 24 2009, 07:00 PM

i think it is sitting on a LH, on the bright side, at that price.. it is not too late to join the bandwagon.. the DUKE is a big plus

What does RGE stand for? Still a noob around here

Riana Green East in W.Maju

Rather than buy one RM400k property, you should consider getting 2 x sub-RM200k properties instead.

Easier to find sub-RM200k properties that can be rented for RM1300pm compared to RM400k properties that can be rented for RM2600pm, and if this is your first sub RM250k property purchase, you can use the 50% gov stamp duty discount on the first unit.

Noted, bro. but it always depends to the location of yr property. U can easily rent out yr property in prime area i think.

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Added on September 25, 2009, 8:46 ambut isnt that the launching price is about 220psf? i thot already 50% appreciation?

This post has been edited by ape: Sep 25 2009, 08:46 AM

I think it was launched from 199k onwards. Last month, the smallest size unit was transacted at 260k....according to the agent