Property by Exim

Close to Pavilion Bukit Jalil & LRT Awan Besar station. Covered walkway to LRT.

Plan is for investment either rental or Airbnb. Agent says that area can fetch about RM1800 rental, is that true? I hear the traffic jam is massive and can risk oversupply in that area. But then there's close proximity to highways, amenities and public transport, so would that counter the oversupply or traffic? From another thread I read that the price per sqft is quite high at about RM900 per sqft but isn't that normal already over there?

Not sure if freehold or LH, and also about the parking -  waiting for agent to update.

From my checking, i think this condo is the closest to an lrt station in BJ.

What are your suggestions? Is this a good move? Or are there better options for the same price range?

True. What would be your suggestion? Which areas within similar budget right now in KV or even outside it in general Selangor by itself?

Do you recommend rumahselangorku projects? I hear got a requirement of minimum number of own stay first before can start renting out.

1700 unit squeeze in small piece land outside the city centre selling 1k psf this one really looking for water fish..but  willing buyer willing seller nothing we can say

Lyn has the most balanced views of KV properties amongst multiple discussion websites. Potential buyers should read.

It's not surprised after x years owners will complain the same thing here. Then you may tell him why didn't he/she read your posts x years ago.

Let them learn ([painfully?] with their hard earned money). This the only way they grow.

The reason being that I'm looking into a place for investment. Be It rumah selangor or a solid option within 450k, I'm open to it. But need to have confidence la. I've decided to drop the idea of this place thanks to the input from your guys.

Would there be any recommended list of steps one would take to ensure the location and the project is worthwhile?

TS, don't rush to buy something now. Look around you. Everything is getting expensive. Subsidies removal, weakening ringgit and economy.

This only means people will have less money to spend.

This only means that property prices will go down.

The thing about properties is that people don't really have to buy it. Unlike food or petrol, if their price goes up, people still have to pay. Not for properties.

In an inflationary but good economy, I will agree to your counter. But we are in an inflationary but bad economy. EPF money which flooded the market is now gone. Government is unlikely to allow another round of withdrawal.

Look at how many threads complaining about how expensive things are. If you roll back 10 years, look at how many BBB vs the DDD nowadays. Looks to me that people have finally come to the realization that they are paying exorbitant prices for a dream of an ever growing asset.

Actually property is a necessity as everyone needs a place to stay. However buying is not a necessity as rental is the other option. If it was not for rumahwip/ rumah selangorku/ affordable housing, the rental market will be much higher as landlords will be taking advantage of very high property prices. The government in its "wisdom" has been churning out affordable housing and therefore stifling the rental market. Thus the property market is in a difficult spot. The smart investor won't buy as when he does his homework, the returns does not make sense (putting more into EPF is a much better option) - rental yield and capital appreciation both also not sensible. The first time home buyer should go for affordable housing as it will meet his needs (place to stay) and the capital appreciation in 5 to 10 years will be good once he decides to upgrade. Foreigners have been dissuaded from coming in due to stricter MM2H requirements plus the property markets in their own home countries are bad (except for Singapore where rentals and prices for properties are very high which is a significant push factor for the Johor property market - also weak RM).

Property sales generate a lot of revenue for the government in stamp duties, income tax and real property gains tax. Which was why the old BN government encouraged it until common folks felt left out. The past few govts have not done the property industry any favours. I really can't see what can be the catalyst for the next property bull run except for government intervention eg. slash stamp duties, slash RPGT and most importantly easy 2 generation property loans.

But kudos to TS for dodging the bullet in BJ. There is a cheaper new alternative in PJ.