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Investment Riang’D Eco Majestic Semenyih, worth to buy?, RM369k onwards for 1,000sqf

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TSsantosh94
post Jul 8 2024, 05:57 AM, updated 2y ago

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RM369k, 1,000sf & 3 Room 2 Bath.

Riang D' Eco Majestic - Duduk ECOWORLD
Freehold

- 2 covered carpark
- Walking distance to Jaya Grocer, Mr. DIY, Starbucks Reserve, etc
- Semi furnished (got AC, water heater and some other stuff)
- cash back about 2-5%
- RM240ish monthly maintenance including sinking fee
- Residential title (down got shop lots tho)

Is it worth it for investment purpose? Is the price ok or too high? The shoplots around that area quite happening tho got empty lots, i foresee more uptake soon. All walking distance. Plus very close to highway.

For own stay i notice got many people work in KL but don’t mind travelling from Semenyih or even Sendayan (especially if landed, not sure about condo), but the rental market in Semenyih is it good?

Do advise.




user posted image
TSsantosh94
post Jul 8 2024, 11:31 AM

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QUOTE(victorian @ Jul 8 2024, 07:32 AM)
For own stay i notice got many people work in KL but don’t mind travelling from Semenyih or even Sendayan

It’s not that they don’t mind, but they have already bought a landed at such an outskirt area and they have to live with it.

If it’s a condo, chances are they will just rent it out and the target market may not be ideal (foreigners, factory workers).

No one in their right mind will rent a condo at outskirts and travel to kl daily.
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this makes sense
TSsantosh94
post Jul 8 2024, 03:11 PM

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QUOTE(Thasmita @ Jul 8 2024, 10:58 AM)
In short skip this lah. For 400k you can buy a much better condo in KL. Condo with better ROI and capital appreciation
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Yea true but Any suggestions?

i came across an Exim project in bukit jalil, Kingswoodz tapi RM390-410k for 463sqf at 42 cent maintenance. It’s very near Pavilion and walking to awan besar lrt. I guess the rates is due to this. There’s a tech hub that’s supposedly going to come up very near by, government has green lit the project.
TSsantosh94
post Jul 14 2024, 03:39 PM

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QUOTE(Jazted @ Jul 9 2024, 10:48 AM)
Take some reference from the nearby project.

Unfurnished Apartment (but with light and Fan) =RM 750
Fully furnished = RM1200

user posted image

Unfurnished Apartment (but look like partial finished) =RM 900
Fully furnished = RM1400
user posted image

Room retal (hassle but still can work)

user posted image

Note this are just advertisement only, actual rental might be different (usually - RM100 or RM200)
To be safe, i will go for the TOD project (near to MRT) but no right or wrong in investment, see any future growth in that area.

People willing to travel that far to work in KL...provided its landed or the rent is cheap...so..how much your target rent is...?
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thanks for the reference images. It’ll take time for the market to scale to reach the premium amount. Definitely have to set rental at around 1200 or so ikut the area otherwise no one


 

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