what condo will you think is worth buying for investment now for completed condo.
budget below 300k and must be in PJ .

good property management and developer reputation is significant too.

Pelangi 1, Pelangi 2 , Astana are all high density and still very empty so i assume its difficult to rent out for investment. moreover, i dont know if metro kajang property management is efficient.

@hackwire,

Are there any condos available in the PJ area going for <RM300k? Perhaps u could list them out here and we can give you our opinions?

Can i know the price for an unit in Millennium Square?

Mahkota ?.............

i went to check a condo which still in construction in SS2 ... nearby Jasmine Tower

3 years to complete and the price already 388K

The show unit very nice right?

how about ken 1 ? is it good for investing?

ken 1 is in which part of PJ?

@jcvstlys,
Ken Damansara I is next to Damansara Intan - opposite Summer Palace and along Jalan Damansara (if u know Desa Kiara, it's opposite it).

@hackwire,
I do not like the access road in and out of that area. Plus, I find that area too dense especially with so many other condo blocks coming up - and the new development around it. It may however be a good place for International students studying at HELP Institute *shrugs*

desa kiara ok or not, i am looking the desa kiara now

I know an owner of a unit of Pelangi Utama (Phase 2) considering to sell.
(Currently tenanted with good rental)

If interested sms/ call 012 208 3843 or email spec.check@gmail.com

cheers!

may i know why would u guys willing to pay more then 300k for non landed property like condo in pj area?

bcoz with RM300k you cant get a landed property in PJ...

correct me if im wrong.

yes u can. probably small single storey old terrace. U'll not live comfortably.

ken is near ss2

condo has facilities, that's why some ppl are willing to pay.

i think there's 1 near 1U.. last time was 180k, very good condition

Depends on invidual. I've lived in a studio before, a condo, a terrace house as well as a bungalow. For me a small terrace house is still more comfortable and private than a condo where your upstairs, side and lower neighbour can be a nuisance. Size wise a small terrance house is also bigger than most condos eg. 20x70 = 1400sf, built up normally 1000-1200sf.

However some condos I have to say has advantages. Been to my friend's condo at Suasana Sentral, it has 3000sf built up and a great view of KL.

This post has been edited by DannyOP: Jan 2 2009, 02:53 AM

Hi Hackwire, just offering my opinion....

unfortunately, you can't get any units in ken ss2 for 180k now.......

1000 sq ft unit is going around 280K

if your budget is really about 200 to 250k - suggest u check out some of the units in Sri Putramas Jalan Kuching, or some of the condo's / studio's over at Taman Desa.....there are more options available there.

Don't count solely on capital appreciation - but very good chances of structuring your investments there to be cash flow positive.

good luck.

You mean the one in Seksyen 14 (near Asia Jaya lrt)? I have a glance through iproperty and the current selling price is between 250k to 460k.

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Added on January 5, 2009, 4:15 pmI believe the condo is Ken3 or was it Ameera you are referring to? Ken3 easily cost above 300k and Ameera cost more than 400k (not sure)

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Added on January 5, 2009, 4:17 pmI would rather get a landed property if I had over 300k, single storeys perhaps.

This post has been edited by agape_ian: Jan 5 2009, 04:17 PM