QUOTE(Garysydney @ Jul 21 2019, 05:43 AM)
Yes - a lot of Bangsar condos are quite old now. I like Sri Wangsaria but that block is tightly held and sellers are unwilling to drop much. You can only get bargains from sellers who are desperate to sell and it usually is because they are migrating. The rentals are miserable though in Bangsar - if you spend rm1mil to buy, you will probably get around rm3k/mth rental at best (gross) fully-furnished. When you compare that with Tiffani in MK, a 1mil condo there will roughly gross you about rm5k/mth. This makes me more inclined to buy in MK and the 2 buildings i like is Kiaraville and Tiffani (as i might rent it out if my plans to retire in KL doesn't work out).
All condos in Bangsar other than Serai and Nadi are starting to age.
If you want to buy a RM1m property and make some money renting it out the only one that right now is delivering is Nadi Bangsar, RM540k when new can rent for around RM2.5k for a 450sf studio.
Worth buying into if you don't need a lot of space as they do have larger units as well.
QUOTE(drbone @ Jul 21 2019, 10:48 AM)
Congrats on selling those properties.
Am looking into buying a condo as well , and to rent out for the next 1-2 years. Location wise , anywhere around bangsar / oug area. Would need to be ideal to travel from the condo to cheras and to major KPJ hospitals in Klang’s valley.
Might b moving for long term to Kl in 2 years time. Any suggestions which condo would be worth looking into?
Condos in Bangsar? RM600k would get you a 450sf studio. Can rent for around RM2.5k these days. Anything older you will get more space but lower rental yields. A good one is Bayu Angkasa as it is fairly well maintained for its age but rental rates are poor.
Personally if I have to travel all over the place then I would choose to live closer to OUG as it is easier to access all the major roads.
Good one to buy in OUG is Bukit OUG Condo if you want something cheap and don't mind it to be older.
Something newer would be Kiara Residence 1 & 2. Rental not that fantastic though.
Something more premium Z-Residence.
If you want something brand new, then PV Arena is a good one to consider. If you want bigger space The Como is one to consider as you do get lots of space for the money.
The other thing to consider is if you have children and will be needing access to SRJK©s the 3 places I mentioned at OUG is within the catchment area of one of the best SRJK©s there is in KL.
Another one worth considering with your budget is Sentral Suites at KL Sentral.
QUOTE(geekystef @ Jul 21 2019, 12:38 PM)
Thanks for your thoughts.
That's good to hear indeed. I know a family friend who managed to sell off her double-storey terraced house in OUG for just under a mil last year. Her property wasn't spectacularly furnished but yet it was snapped up within months.
You are lucky to sell off all but one remaining condo unit. Care to share the reason for your decision?
Most of the condos I sold off were sold because they passed the 10 years threshold. Most condos once it reaches that 10 years since VP it starts losing its value or any capital gains tend to be along the lines of keeping pace with inflation only. No matter how well you renovate it you won't be getting anything more out of it. Easier to cash out and buy something newer.