Malaysia - Good or Bad?

[ariecol]

I think it will be wise to visit the properties before you buy

Penang: Low rental income. Moderate cap growth. Nice food. YUM YUM
For Msia: The better rental is Mount Kiara + KLCC props.

YES malaysia 5* hotel is rated to be one of the most best valued.

[andyk2]

Originally Posted by ariecol

I think it will be wise to visit the properties before you buy

Penang: Low rental income. Moderate cap growth. Nice food. YUM YUM
For Msia: The better rental is Mount Kiara + KLCC props.

YES malaysia 5* hotel is rated to be one of the most best valued.

Malaysia has to have the best food in the world. Would suggest somewhere up near Jalan Semantan to eat from the road vendors or one of the market stalls (also a great place to make a killing on rental yields - Mon´t Kiara has far too much traffic)

Agree that you should visit the properties before you buy, but look at the maths also. What are neighbouring properties going for and how much are they attracting in rentals? Good sources are iproperty.com.my and expatriates.com.

Happy Investing

Andy

[ariecol]

have u tried penang food. more yummy but higher risk of diarrhoea

i saw kiaraville. damn.... it is so beautiful the landscaping. shld hav bought it. unfortunately run out of cash.

[lexus]

[QUOTE=andyk2;74011]Reasonable point, but if one shops around carefully, net returns of 3%, 4% or even 5% can be acquired. Not great, but at least there is a solid exit strategy with the strength of the domestic market. Also you don´t need to aim for just the high end.

Example - Berjaya Times Sqare Serviced Apartments. 600 metres from the Petronas Twin Towers, freehold and fully furnished. Purchase Price around RM 350.000 (c.$100.000) 20% deposit required and the balance on finance (I think this is what you are advocating - the figures are much better if you borrow a lower %).

Rental income on a long term let - RM 3.000 per month* = RM 36.000 pa.
Take off 2% of the purchase price for allowable expenses and multiple the rest by 28% (base rate for income tax). That leaves you with a net annual income (after maintenance, management fees, insurance and service charges) of RM 20.880. Take off mortgage repayments of RM 17.200*, and your net income in a year is RM 3.660 (c.$1000). Like I said, it´s not great, but represents 5% on what one has actually invested ($20.000 deposit).

That might seem like a good deal in the next 12 months compared to some other locations around the world.

Be lucky

Andy




Hi Andy,

Can you please send me details about this project and any other projects that you recommend in the similar price range.

Thanks,

[lexus]

Hi,

I am new to Malaysia investing. Actually a friend of mine recommended the up and coming IT center of Malaysia i.e CyberJaya

Any recommendations on this topic will be appreciated.

I haven't been to Malaysia yet, so any videos about CyberJaya will be welcomed too.

[ariecol]

Originally Posted by lexus

Hi,

I am new to Malaysia investing. Actually a friend of mine recommended the up and coming IT center of Malaysia i.e CyberJaya

Any recommendations on this topic will be appreciated.

I haven't been to Malaysia yet, so any videos about CyberJaya will be welcomed too.

PLEASE DONT. I have yet to hear any success story.

Depending are you looking for passive income or flipping?

[andyk2]

Hi Lexus,

Didn´t have your email address, so posted the info on a link below. There are a few other properties in the same price range if you click on the "back" button at the foot of the screen, but apologies if anybody expected to see me actually finish a web site before Christmas! Too busy.

Berjaya Times Square

Please let me know if you have any questions.

Happy Investing

Andy

[lexus]

Thanks Andy.

Nice website, I am researching different options available. I will contact you soon with more info.

[ariecol]

which one are u looking at?
care to share?

[lexus]

Damansara Heights. looks really good. Fits my budget range with good rental yield.

I am doing my research currently will update you with my results soon.