This poll is to conducted to gauge your outlook and opinions on aged condos and apartments. No intention of upsetting anyone directly or indirectly.

If it is a Freehold property, it is worth considering.
Other than that, from how the building is being maintained and managed over 20 years, you can be sure whether or not they're doing the job right.

I have enough of new management screwing up billing and stuff due to inexperienced and dishonest staff.

This post has been edited by barista: Jul 9 2010, 10:24 AM

20 year old is a bit old, but if it is very well maintained and good location, why not?

As long as it is a positive cashflow proposition and not an expiring leasehold - yes

yeah, for someone to opt buying a 20 year-old property, I'm sure the overall maintenance aren't too bad. Some people said, the building quality could be much better than some of the new ones around.

i would buy a 20 year old Faber Ria at taman desa

Barista, Cranx, Rakyat & Airline
Some people dare not live in a 20 year old building regardless. But they still buy and rent it out

that's true..
like me i've bought a property that's about 22 yrs, but very well maintained so far.. Juz need a bit more reno only..

i would say it depends on wat's the previous usage of the land whereby the property is located .. say, land that's palm plantation, or filled-land, etc .. 'koz that would be a 1 of very influencing factors on the life span of ur property ..
And also whether the property had been well-kept by the people staying in it ..

if it's freehold and well maintain...yes of coz
as long as u manage to rent it out, means it's good enough for own stay...

some of the 20 year old condos in bangsar are very well maintained.

I thot it was only applicable to highrise (condo or apartment)? If for landed, I will not touch. Speaking on my own experience, older houses tend to require many expensive repairs which cannot be seen e.g. roofing & plumbing, termits.

I thought condo/apartment also can face the same problems you listed? I have heard of condos having termites problem. Roofing - even if you are not on the top floor, may have pipe leaking issues, etc. Less than 10 years old properties also can have these problems.....

Good thread, am also seeking same opinion. Apparently 80% don't mind old condos.

Why not, good location, half the price, double the space. Just reno, repaint and it will be like new.

Malaysians are too pampered. Look around western countries, near 100 yr old building people still staying wat.

Location, neighbour, community.

After the 3 criterias above, then only start looking at the building.

btw my favorite condo Faber Ria is freehold. leasehold, not my cup of tea.

some less than 20 years old condo already look quite run down. Shang Villa. (15 years?)
value could increase tremendously if the whole building gets a repaint, and a major clean up of the interiors.

why is Faber Ria your favourite condo? could you please list out some points? might consider to pay a visit

I realize those condo buildings façade which have been re-painted, looks refreshing and new regardless of what "happen" inside.

its all depends on the location. and also depends on the community living in it and whether its well maintain or not.

easy to rent out. easy exit to kl/pj. take bus to central market also easy,

What do you mean 'what ''happen'' inside? mind to elaborate more?

of coz new is nice. but considering it's a building, anything less than 100yrs also ok to me as long as well-maintained.

do take in the concern which the loan approval, my fren bought a >20y apartment @ 150k, but after access by bank loan evaluator(i dunno wat's the exact name) that apartment only worth 135k therefore my fren can only take up to max 135k loan

Sad to say jam-lennon, this one is true and it is happening in lotsa places (locations) & properties regardless of the age of the property. People call it 'bubble'.

i bought an old link house around 18 years old, majorly renovated/changed everything i can..and so far so good, a good location i can say.

at least for me, and it can be rented out without any problem when i bought another house.

Depend location & condition of the condo lor

i'll get it for a rental purpose as long as its not more than 30years old =]

Yes for me =]

Many things need to consider,
No.1 is Cost
2. Location
3. Free or Lease hold
4. Building outlook
5. Environment
......

For Condo or Apartment, need to look into the lift whether often giving problem.

Shang Villa is 15 years old already?. I could not find the history of this place though,,it is that run down?..I thinking of buying cheap unit here,,if available..