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 Rent out landed house is difficult, share your thought and experiences

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TSBboyDora
post May 25 2023, 02:26 PM, updated 3y ago

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Hi, I recently have some tea time with "property guru" for rental properties.

I had been told that Landed properties is difficult to rent out and the rent is low . Compare to condo and high rise, easier to rent out and the rent is high. He also added if sell , landed will untung more compare to high rise. pros and con. (property in Klang Valley)

to all landlord and forumer, i just curious about how true is it?
if yes , people nowadays dun wanna rent landed? dun wanna live in landed house?

Truly understand if ppl rent condo because near to MRT station, near the city, university area etc etc.

ace4828
post May 25 2023, 02:29 PM

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i heard paper folded house roi better
shaoching
post May 25 2023, 02:30 PM

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i rent condo cause got kakak help me swap the floor, throw rubbish, maintenance the greenary, clean the facility
got security jaga my car, jaga the visitor, jaga my parcel
got free facility to use
no need see neighbour face.....

but if i wana own a property, i will buy landed and all the above i willing to do it myself cause, its mine.....

This post has been edited by shaoching: May 25 2023, 02:32 PM
SUSSihambodoh
post May 25 2023, 02:36 PM

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This is true, you do get higher ROI from high rise. But for wealth preservation or as a hedge against inflation, landed is better.

Younger people singles or young couples prefer high rise because of facilities and security.


PAChamp
post May 25 2023, 02:37 PM

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QUOTE(BboyDora @ May 25 2023, 02:26 PM)
Hi, I recently have some tea time with "property guru" for rental properties.

I had been told that Landed properties is difficult to rent out and the rent is low . Compare to condo and high rise, easier to rent out and the rent is high. He also added if sell , landed will untung more compare to high rise.  pros and con. (property in Klang Valley)

to all landlord and forumer, i just curious about how true is it?
if yes , people nowadays dun wanna rent landed? dun wanna live in landed house?

Truly understand if ppl rent condo because near to MRT station, near the city, university area etc etc.
*
Generally true. high rise easier to rent out and ROI is better. Unless you buy landed near Uni or college and partition the place into many rooms, then the ROI is better. I have seen some houses which do that, my goodness, feels like hostel
BL98
post May 25 2023, 02:39 PM

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QUOTE(shaoching @ May 25 2023, 02:30 PM)
i rent condo cause got kakak help me swap the floor, throw rubbish, maintenance the greenary, clean the facility
got security jaga my car, jaga the visitor, jaga my parcel
got free facility to use
no need see neighbour face.....

but if i wana own a property, i will buy landed and all the above i willing to do it myself cause, its mine.....
*
New condo, few years down the road, become old condo. Facilities all become outdated.
If lucky got good management, will have enough sinking fund to maintain and refurbish.
shaoching
post May 25 2023, 02:43 PM

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QUOTE(BL98 @ May 25 2023, 02:39 PM)
New condo, few years down the road, become old condo. Facilities all become outdated.
If lucky got good management, will have enough sinking fund to maintain and refurbish.
*
This same applied to landed too..after few tenants if no refurbish, the whole house will become cacat.
BL98
post May 25 2023, 02:46 PM

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QUOTE(shaoching @ May 25 2023, 02:43 PM)
This same applied to landed too..after few tenants if no refurbish, the whole house will become cacat.
*
Landed refurbish is own effort. Condo refurbish need to depend on condo management. And we all know if want to depend on other people, is menang susah one.
jojolicia
post May 25 2023, 03:04 PM

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QUOTE(BboyDora @ May 25 2023, 02:26 PM)
Hi, I recently have some tea time with "property guru" for rental properties.

I had been told that Landed properties is difficult to rent out and the rent is low . Compare to condo and high rise, easier to rent out and the rent is high. He also added if sell , landed will untung more compare to high rise.  pros and con. (property in Klang Valley)

to all landlord and forumer, i just curious about how true is it?
if yes , people nowadays dun wanna rent landed? dun wanna live in landed house?

Truly understand if ppl rent condo because near to MRT station, near the city, university area etc etc.
*
True, to rent out highrise resi is easier, higher rental because higher catchment demand. Easy access to public transport and comes with facilities living within. Highrise resi is in or nearer to commercial/ work/study/play zone. 14th floor also made easy

Sell landed better appreciation value due to limited supply (good location)

Either way, its location that matters

This post has been edited by jojolicia: May 25 2023, 03:21 PM
bigman
post May 25 2023, 03:26 PM

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QUOTE(Sihambodoh @ May 25 2023, 02:36 PM)
This is true, you do get higher ROI from high rise. But for wealth preservation or as a hedge against inflation, landed is better.

Younger people singles or young couples prefer high rise because of facilities and security.
*
Only kids will choose
shaoching
post May 25 2023, 03:28 PM

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QUOTE(bigman @ May 25 2023, 03:26 PM)
Only kids will choose
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your statement reflected 90% of buyer are kids.....
TSBboyDora
post May 25 2023, 04:40 PM

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QUOTE(shaoching @ May 25 2023, 02:30 PM)
i rent condo cause got kakak help me swap the floor, throw rubbish, maintenance the greenary, clean the facility
got security jaga my car, jaga the visitor, jaga my parcel

got free facility to use
no need see neighbour face.....

but if i wana own a property, i will buy landed and all the above i willing to do it myself cause, its mine.....
*
I see,....but that is outside right? Maintenance paid by land lord? sorry as Im a noob here.

jaga parcel i heard got lot of cases kena curi...even grab food kena taken away by other ppl downstair.


Dear all ...sorry...im not arguing anything as I just share whatever i heard... im noob. Im not supporting landed or condo here..just wanna gain more insight and knowledge


TSBboyDora
post May 25 2023, 04:42 PM

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QUOTE(Sihambodoh @ May 25 2023, 02:36 PM)
This is true, you do get higher ROI from high rise. But for wealth preservation or as a hedge against inflation, landed is better.

Younger people singles or young couples prefer high rise because of facilities and security.
*
I see.... just wonder why younger ppl dun wanna stay in landed? landed also got shops nearby ... this is why i wonder =)

TSBboyDora
post May 25 2023, 04:44 PM

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QUOTE(jojolicia @ May 25 2023, 03:04 PM)
True, to rent out highrise resi is easier, higher rental because higher catchment demand. Easy access to public transport and comes with facilities living within. Highrise resi is in or nearer to commercial/ work/study/play zone. 14th floor also made easy

Sell landed better appreciation value due to limited supply (good location)

Either way, its location that matters
*
but condo lot of units right... supply and demand and condo definitely more supply..no?
last time i got think wanna buy condo for investment and then...takut...didnt buy
SUSSihambodoh
post May 25 2023, 05:00 PM

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QUOTE(BboyDora @ May 25 2023, 04:42 PM)
I see.... just wonder why younger ppl dun wanna stay in landed? landed also got shops nearby ... this is why i wonder =)
*
Most landed in good locations are old. Imagine you are in your 20s are you are renting an old PJ house with the old toilets and kitchen.

Of course you can find renovated landed properties but they will be expensive.

So in the end, most people go for new new high rises in good locations as these are usually modern looking with new this new that and all the facilities that come with it.
Alocasia
post May 25 2023, 07:34 PM

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QUOTE(jojolicia @ May 25 2023, 03:04 PM)
True, to rent out highrise resi is easier, higher rental because higher catchment demand. Easy access to public transport and comes with facilities living within. Highrise resi is in or nearer to commercial/ work/study/play zone. 14th floor also made easy

Sell landed better appreciation value due to limited supply (good location)

Either way, its location that matters
*
How about renting out landed at Subang Jaya?
DragonReine
post May 25 2023, 07:49 PM

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For rental, landed difficult to rent out if you're entering the market right now, unless you're lucky and inherit a landed house in central areas.

Land with residential status within central business districts (CBD) are in very short supply and finding a new house to buy is difficult. Subsales will be very expensive and/or are so old that extensive renovation is needed to make it comfortable within modern standards. Landed new will be even more expensive than subsales because value of land area has ballooned so much that developers will up the price gao².

The high entry cost means you'll need to demand higher rent to cover rental instalments (or if you no ethics, you partition the house to dangerous and potentially illegal levels of small rooms and sublet the rooms), which makes it expensive and/or unattractive to potential tenants.

Landed that is affordable are usually extremely far or difficult to travel to CBDs (not easily accessible to public transport), and this makes it unattractive to younger/lower income people who are the bulk of renters, as they'd prefer convenience to work and amenities over the time needed to travel.

Most entry level jobs also demand higher working hours/commitment to work, so they have less time to afford the work commute.

High rise, which are usually built nearer to CBD and/or public transport, are cheaper to invest in because of plentiful supply. You can lower your rental price, which in turn attracts a broader market of tenants, making it easier to earn via renting.

Younger people typically don't have much savings or income, so they'll prefer cheaper rent and/or shorter distance to conveniences to reduce travel costs/time costs. This makes landed an unattractive option because of the distance from CBDs and/or asking prices.

Landed sales/rent usually will only attract retirees or matured workers who have the finances available to buy/rent, and don't mind or prefer the distance from CBDs.

This post has been edited by DragonReine: May 25 2023, 07:58 PM
jojolicia
post May 25 2023, 08:33 PM

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QUOTE(Alocasia @ May 25 2023, 07:34 PM)
How about renting out landed at Subang Jaya?
*
SJ rental demand very stronk. Been renting out each at SS17, goodyear court 10 since early yr2000
jojolicia
post May 25 2023, 09:16 PM

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QUOTE(BboyDora @ May 25 2023, 04:44 PM)
but condo lot of units right... supply and demand and condo definitely more supply..no?
last time i got think wanna buy condo for investment and then...takut...didnt buy
*
Depending on location and asset class.

Can't remember from which year, pure condominium big land size /w facilities on ground dev (residential title) became very rare, then came the wave of podium facilities deck tower condo/ service apartments (both residential/ commercial title).

KV/Sel service apartments development landscape underwent 2 major policy transitions. If you are a free market investor, you know when you need to stop investing.

I stopped investing in highrise after the intro of 1st policy transition except for one (in 2016) which i found with exclusions granted (obligation fulfiled)

1st policy transition, I think around early 2010s. JP introduced fix price apartment block (rwip/rsku/prima whatever they named it) to be built within same plot of land with free market blocks and launch under a DO by the developer.

2nd transition in 2017 onwards, with the integrated living concept where said units are integrated with the free market dwellings within the storey/blocks with shared facilities but different set of jmb under a DO

So to say, if you are not buying for 1st home own stay (free market units) after yr 2012 onwards, i am in view that you may have made the right decision then (specially service apartments).

This post has been edited by jojolicia: May 26 2023, 08:17 AM
max_cavalera
post May 25 2023, 09:42 PM

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Most landed now is far away from city centre unless you are very rich.

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