Hello all,

Want to ask all sifus here - is selling a condo unit more difficult nowadays?

I ask this because a family member wants to sell a nice, sizeable unit in a low density condo in Kuchai Lama/Happy Garden area and it's been relatively quiet (few calls but nothing serious enough). At first he wants to try without an agent. Now, even with agents, it's still rather slow.

Any tips about this? Just want to learn more about what's going on in the market so I can help out. I understand that there are a lot of new developments around but these are all super high density. Perhaps some will prefer lower density ones because it is quieter. Anyway, I'm always open to learning new stuff and the various topics here are very informative.

Thanks all.

Did your friend manage to sell off eventually?

OKR / Kuchai / OUG areas are very prime areas these days. Same goes for Taman Desa and most other housing estates between Mid Valley and the junction to Jalan Templer. Lack of LRT connectivity did not put a single dent on the demand.

I had a single storey corner lot in that area up until I moved out of it earlier this year and put it on the market. It had a 1.5 storey extension, 9ft tall fence, double lot land and modernised using modern British standards. It sold after 2 months of being on the market at very near the asking price, discounted by a cashback to the buyer for the MOT and they took a full loan. They bought it because they had 2 big dogs and the bloke enjoyed his gardening.

As for condos, earlier this year I decided to sell off all properties I owned that was more than 10 years old, not in an expatriate neighbourhood or in a neighbourhood that we no longer wanted to invest in. 7 units of 3 bedroom 1200-1900sf condos. When I mentioned to the tenants that I was selling it, 3 offered to buy it off me, I told them to make an offer and accepted. 2 were purchased by investors within 2 months. Now only 1 remains unsold though I do have a booking on it, just no SPA yet.

Landed houses, it depends. Some can take forever to sell even in prime areas. However 4-8 months is considered fairly normal in today's economic climate.
Those are some really ancient condos you are looking into.

I hope you are not that Aussie that came by to my former unit and tried to lowball me

Older Bangsar condos have been on the decline as many of them are tired old buildings and in need of major repairs, also many have sinking funds that are broke. Values have mostly flat lined but difficult to get any real bargains. Most that own them have strong holding power.

Landed houses, their values have mostly been stagnant. RM1.6m for a terrace? You could have bought one for that type of money over the last 3 years though you would be looking into RM400k to fix it. Anything in nicer condition you would need to pay closer to RM2m for it.

Hello all,

Want to ask all sifus here - is selling a condo unit more difficult nowadays?

I ask this because a family member wants to sell a nice, sizeable unit in a low density condo in Kuchai Lama/Happy Garden area and it's been relatively quiet (few calls but nothing serious enough). At first he wants to try without an agent. Now, even with agents, it's still rather slow.

Any tips about this? Just want to learn more about what's going on in the market so I can help out. I understand that there are a lot of new developments around but these are all super high density. Perhaps some will prefer lower density ones because it is quieter. Anyway, I'm always open to learning new stuff and the various topics here are very informative.

Thanks all.

Hi all,

Forgive my noob question but does anyone know why this post was reported as being in the wrong section?

I don't quite understand the reason. I thought this topic belongs in Property Talk?

With that said, I'm very appreciative of all the interesting information being shared here. I'm learning a lot and I'm grateful.

Interesting info. Where did you get it from?

Not good news if you bought it when the price was high and plan to sell off now...

Oh okay Thanks for reassuring me.

U whack the 1.6m terrace still got money to retire or not? Just rent also ok...

how come those freehold landed in Bandar Utama PJ still so pricey..
observed for 2 years ++ price still going up very slowly... aduhh

1.6Mil terrace basic condition in bangsar requires alot of renovations or refurbishment. I dont think it's worth it. I was considering the area but I dont think its fully gated n guarded. Hence its not my choice. I bought an end lot terrace instead, brand new with fully gated n guarded in a nice serene environment with similar price. More countryside. Near to the city as well.

The market is indeed soft for secondary market real estate. Does not matter which condo it is but unless you are willing to sell it cheap then be prepared to hold on to it.

Am in the same boat. Have a unit at Desa Parkcity that's been on the market for 3 years. Had enquiries the first 2 months then no calls other than a bunch of useless agents. This year had 2 enquiries and 1 booking fee but it came to nothing.

The other condo I have on the market is a unit at Mont Kiara. Been on the market for 18 months. Get 2-3 enquiries each month but not had any booking fees on it.

Not that different when it comes to landed houses whether strata or individual titled.

Cheaper than 5 years ago! Uuu wish came true, sell and buy back at cheaper price.