i stay in kajang all my life before moving to Singapore. I would think, avoid Kajang properties. They dont appreciate much. Unless you dont mind the travel and wish to stay in huge houses that dont appreciate over time, then Kajang might be ideal for you. even if i do move back to msia in the near future, i will probably stay in damansara area, definitely not kajang.

I would think, avoid Kajang properties. They dont appreciate much. Unless you dont mind the travel and wish to stay in huge houses that dont appreciate over time, then Kajang might be ideal for you

Hi,
I'm a newbie in property investment, any opinions on this will be very2 much appreciated.

I'm considering buying a 2.5-storey terrace hse 20x80 1800++sqf in Puncak Saujana, Kajang for investment (flipping). Puncak Saujana is around 1-2km away from Saujana Impian, got Giant there, 20mnts drive to Putrajaya during peak hrs, toll RM1. Expected completion date is in Dec 2010. Total = 50 units, priced now at RM330k (intermediate). It's freehold. Developer is financially stable, as they are under MOF.
http://www.iproperty.com.my/property/devel...?pid=1459&tab=1

They have launched 2 housing projects in this area last year, 20x70 & 20x80 2-storey terrace houses priced at min RM250k, which will be completed by June 2010. Total house = 230+ units. Can i assume this, once these projects are completed their prices will jump to near RM300k mark, and hence push my 2.5 storey house further up. Or can it be oversupplied?
Historically, 20x70 2-storey house launched in 2007 and completed in May 2009 at RM180k has shot up to RM250k now. Rental for this type of house is RM850 p/mth. They are also selling Semi-Ds, priced at min RM600k (limited units).

With no downpayment, can get 100% loan, RM1k booking fee (refundable after loan approved), BLR-1.75% (makes it around RM1500 p/m), free stamp duty for transfer, s&p and legal fee, pay nothing until completion.. attractive, isn't it?

Most ppl here are bumis and buy for own stay, should have little competition to sell right? For flipping, is it a good investment? Can i expect to get 20-30% increase upon vp in end 2010 or early 2011?

Your advice is very much appreciated, thanks.

As for nice areas for staying in Kajang, there are actually quite a few. Country heights and Jade Hills are great but only for the range above 1m. Saujana Impian is good neighbourhood too. Another up and coming township that i consider going would be Prima Saujana (it's Off Jalan Cheras, slightly further from Saujana Impian, often confused with SI itself). The place is well planned, behind Standard Chartered bank and nearby got Giant and Tesco. Lately there is one project call Saujana Palma, is very very nice and all sold out too.

bro, i dont think it is true. 1 hour to KL without jam?  no lah..... not true. you must have something against Kajang. when you stay around Kajang, you will learn to really love it like mua....even the pontianak hebehee