IMHO,

The price asked is a bit on the high side to attract investor. Pure owner "yes" if they like the place.

Reason:

If an investor want to acquire the unit for rent, even he cash pay at RM500k without getting any loan is getting him no where.

A real appreciating property no need to be shout for price. Go for landed is the safest side and more exclusive unless the place have alot of expat and limited supply then only you can get good rental.

I believe good rental yield leads to appreciating price of property.

Ways of investing RM 500k

Mode A (Flexible with minimal risk if you know the way)
Cash invested: RM500K
Simple investing on blue chip share with dividend annually 4% = RM20,000
Profit generated = 4%

Mode B (higher gain, liquidity is depends on demand)
Cash invested: RM500K
Renovation Plus furniture + all the insurance + maintenance fee = RM 20,000
Generating income at RM2,300 per month (for Zest)
Annual income from rental RM 27,600 (provided can rent to good tenant)
Profit generated = 5.3%

Mode C (Sure gain but still wasted, however liquidity after 1 year)
Cash invested: RM500K
Fixed deposit at 3.3% = RM16,500

Unless unit can be rented at RM3k ~ RM3.5k. Renting at RM2.3k is making a lost for those who willing to buy at RM500k range.

Buyer without RM 500k hard cash, need to factor in the interest lost to bank.

Ever look into this project but never buy it, just treat it as a case study.

So sad just lost RM100k profit opportunity, congrat to the owners.

who willing to sell RM350 - RM370k, please PM me too