The Sri Intan was completed in 1998 -- economy crisis period. Many property prices dropped at that time. I believe the initial listing price was somewhere between RM190k t o RM220k. Only these past few years, the price of this condo is only beginning to climb again. Slowly but surely. High end condos all "kena sapu" by rich speculative buying/investors -- how many actual occupants in these condos? How do you define "high end" -- it's all perception. A leasehold 400+ sf studio/suite can cost RM350k to RM500k but this Sri Intan 1000+ sf freehold only RM200k? Maintenance better in high-end condo? Yes for the first few years, who can be sure what maintenance will be like after that?

Truthfully, Jalan Ipoh is like the "not so hot" area in KL (looks like a small town with faded shops and crowded residential areas) but in actual fact, it has great connectivity to many "hot" areas like you mentioned. You can see newer condos coming up in this area like Casa Idaman all priced at RM260k++ now (and leasehold) -- they indicate there is potential for more growth. If you believe that property prices will pick up (which it will), a 1000+ sf freehold condo in a strategic location is a bargain at that price you have been quoted. Some rich people keep low profile -- stay in less prominent, cheaper places but drive cars more expensive than the condo, eh? Yes yes... I see them too.

Rental return for RM200k... In actual fact you only pay RM20+k (10% + legal/loan agreement fee). Probably need to get a rental return of RM200 above your monthly installment and maintenance fee to generate a >10% return per annum for the RM20k you put in. That will be about RM1000-RM1200 which is not impossible to fetch if your unit has some basic furnishing/air-cond/heater/etc. Put in as low an entry cost as possible and stretch out your loan to get the lowest monthly installment (the lower your monthly installment, the higher your profit margin = the higher your ROI).