QUOTE(laceruffles91 @ Aug 13 2023, 04:16 PM)
Hi all, thinking to purchase my first home for own stay.
Requirements
- safe, not foreign workers condo
- not near HTC / substation
- freehold
Budget 300-600k
Would like to have at least 600sf size
Which condos are good? Open to subsale
Boss,
It is either going to be subsale or new launch.
Each has their pros and cons.
Subsale will give you more certainty, you can view the unit and talk to the neighbors to determine the condition of not only the unit but the facilities, surrounding environment and determine whether it suit you and meet your requirements.
Of course what you see during viewing may not all be true and may not last but it also won't go down hill overnight. Change MC need to wait for yearly AGM ....ya. Not like some Govt can be topple thru back door ๐
For subsale, I would consider:
Lot 15 - This is right in SS16, your working place.
It is on the higher end of your budget but it's high price will discourage rental play and you'll get more ownstay residents.
From an investment view point, it's not encouraging as in addition to it's high psf, it's location at the end bordering SJMC may give it a disadvantage compare to Aurora and Teja which is more towards Empire shopping gallery. Not to discounting their lower psf but the site of the later 2 is rather unconventional being literally surrounded by high traffic roads and rail tracks.
Putra Residence - Currently the 1 and only condo in Putra Heights, excluding low cost and RSKU. Located at a more upper class area in PH, next to the Putra Palms and near The Glades, it's location is quiet and a lake next to it (but unit facing the lake is west facing ...ya) You get more unit choices and sizes with your budget on this. However, LRT station is rather a long walk at about 600m. Previously when VP, SDP did build a covered walkway to the LRT station but I'm not sure what is the condition of the walkway now. It was a rather poor covered walkway, I think only about 3 ft wide and lightning was rather poor. Alternatively you could try walking to the station next to TTSS Chinese school but that's a bit further.
Potentially in terms of ownstay and investment, this seem quite balance, it can appeal to ownstay and investment wise, it's price is holding but not much appreciation. Good news is newer launch are price close to it's psf and if not, loses out in terms of density and target market.
Tropika Paradise - Located in USJ 17, this old condo is often ignored either due to its location or some other reasons. However, after the LRT station was build next to it and I think there is a gate located in the development that leads to the station, there seems to be some renew interest in it. Not sure what's the opening hours of the gate, that you need to check with the development.
It's well within your budget and you do get alot sqf for your money but you do need to check out the management and the condition of the facilities. Also do check out the neighbors and talk to them to ascertain how's the lifts, swimming pool, parking etc.
This is really a more ownstay product and since the psf is low, you don't really lose much if you decide to exit later. Any capital appreciation is a bonus.
For new development, PJ or Kelana Jaya area that's within walking distance to LRT station, I'm not sure.
But new launching like the upcoming in USJ 7, please note that's one is pretty high density, about 9xx units over 2 towers. It is also likely to be commercial title. No harm waiting to see what comes out as you have time on ur side.
When looking at new development, you have to note the price and composition of buyers. If it's priced low, likely density will be high and you'll have a lot of investors. If the development is biased towards investment like Pinn... or Dorse... then you'll have tenants coming in and out. Worse if made Airbnb, then it won't suit your need and exit might be difficult.
Take your time and renting first around your shortlisted development might be a good choice before deciding.
Happy hunting...ya