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Investment Property Investment, Where to invest for 400k?

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TSape
post Sep 24 2009, 11:47 AM, updated 17y ago

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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.
TSape
post Sep 24 2009, 02:16 PM

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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.
TSape
post Sep 25 2009, 08:45 AM

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QUOTE(R o Y @ Sep 25 2009, 12:55 AM)
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.
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Noted, bro. but it always depends to the location of yr property. U can easily rent out yr property in prime area i think.


Added on September 25, 2009, 8:46 am
QUOTE(Joink @ Sep 24 2009, 06:57 PM)
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?
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but 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

 

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