i came across the Miharja Apartment, the one beside the Maluri LRT Station, and wondering whether it is a good place for property investment?

The good part:
- Low price (around RM 100K++)
- Stategic place (near Maluri Jusco, PGRM, not far from KL Center..)
- Easy access to public transportation
- Crowded area
- Rental around RM 650 - 700

Bad one:
- Traffic jam area if taking own transportation
- enviroment might not be very pleasant
- quite an old building, lack of maintenance
- lift might breakdown any time

I'm thinking whether this place is suitable for property investment? Went to see 1 property, high floor, renovated, price RM 100K+. Do you all think it is worth for investment ha?

In my opinion it should be very easy to rent out the property, coz i looked around the area, not many houses for rental. Mostly are room to let only, and <5 properties for sales. I tried to call to most of the room to let notices, 4 out of 5 already rented out, yet their notice seems like just been posted a few days back... But judging by long term, will the lift breakdown and nobody want to repair it? will this ever happen?

Anyone of you can give some opinions ha? or any better suggestion nearby good for property investment? I'm trying to start a small investment here...

thanks mate...
others got any comment regarding this property for investment?

i noticed about the rubbish store... full load...
any problem with the inside ha? any water leaking? coz sometime it depends on the developer also... and any termit reported?

share with you what i found... RM 100+, high floor... the house got renovated a bit: 100% tiles, the toilet door has been relocated to another side, that means you have to go thru the kitchen, which i think looks better...

my main concern is the lift problem... ROI is good, but it is not for 1-5 years, i'm looking it at a longer period, 5-15 years... who knows what will happen within the coming 5-15 years. Management might go bankrupt and no lift for all... that will mean no value for property over 5th floor... no need to mention to the floor over 10th lor...

anyone got any idea about the management there ha? who're running them? are they alright?

any you found any good unit you wanna share?

i dont really care about that long la... if the maintenance team do their work propery, 20-30 years enough la...

i never know the was Taylor and Pertama at Miharja...
as what i see now, then rental is still alright ma... can generate good ROI... as i said, the only thing i'm worry about is the lift lor...

So 4 Rings, since you're been living there for more than 10 years, believe you heard a lot about the place right? Anything you think i should know here? And what's your opinion on the future of this property here?

totally agree! I want to start a small investment with limited capital... that's why i'm looking for something which is within my capability... for the price, even if i cannot find a tenant for 1-3 months, i should be a able to afford to pay it...

As for the location, i believe this place is situated at very good spot: beside LRT station, close to the bus stop, food around the area, Jusco opposite the road (great for ppl working there)... And i personally found it hard to find a whole apartment to rent. And even if there are many room to let, most of them get rented out very quickly. This is a fact as i've done a little experiment calling every notice beside the lift...

since the unit i looked was at the high level, my main (and only) concern is the lift problem... there any many people complaining about the lift status where it might break down averagely 2-4 times in a single month. and it may takes 1-3 days for them to fix it... sooner or later the tenant staying in the high floor would want to find another place at the lower level...

after taking a lot of consideration, i've decided not to proceed with the investment, because there is still some possibility that the lift will break down totally one day. Take the Miharja Flat for example. The lift there was break down for more than a year! Only recently they got it fixed...

So unless i'm able to find a good unit no the lower level, or else i think i will have to look for other place lor...



exactly same as what i thought the tenant there felt...

Still looking for lower floor. Actually i'm also looking at other place, such as Wangsa Maju... any comment on this place?

what floor is your unit in? will it be difficult to rent out if the floor is higher, say 5th floor leh?