Finding Value in Malaysia Property.

[askfind]

For those who are interested....

Here is the Map of the GOLDEN TRIANGLE. Anything out of this map is not within the golden triangle, ie downtown.

[askfind]

Keep on buying within this zone.

There is never an issue of finding tenants.
We have increased rentals min 20% and as high as 68% (commercial shops).

So where are the gems.

Look for older units, they are quoted at 575-675psf. Where.

Recommended....
A) Vista Damai Condo. 600-675/- psf

B) Megan Avenue 1. Residential and office units, Note: Office units are at 450-550/- psf.

C) The Forum, Prices i would pay, RM350-400/- psf max.

D) CorinThian, Prices RM575-675/- psf

E) SRI KIA PENG, Very close to KLCC, RM650-775/- psf

F) Desa Kuda Lari, RM725-850/- (old building, good buy for enbloc redevelopment, largest last piece of land in town, approx 6 acres., the value of the land will see a enbloc sale sometime in the future.)

G) Stonor Park. 575-675/-

Alot more just look and find. The prices quoted are the prices i would pay for my deals and are the maximum amounts. Each unit differs, do they have a tenant, etc. Renovation within.. How is the occupancy rates?

New buildings in comparsion do not have anything for sale below, RM800/-psf and are as high as RM4000/- psf (four seasons), in time, the disparity gap in prices will close.

good luck hunting....
cheers

[ariecol]

yay, can see my props for sale.

west of klcc. Idaman Residence

and south east. 231TR on jalan tun razak.

askfind. are u confident with price disparity will decrease between older development vs. new

very interesting about ur view on older development. as with condo/apartment, you sell lifestyle and address rather than just a home.

i admit i am new in investment though

[aneeta]

i woul like to invest in Malaysia on ready to move in property with the return on min 10%

[ariecol]

Originally Posted by aneeta

i woul like to invest in Malaysia on ready to move in property with the return on min 10%

10%

new built is the only option!

unless you have a very powerful estate agent + a good friend

[waynehyl]

dear all,

Most of you quoted the price in psf! by right we should look at the absolute price as well!
e.g. if an agent telling u that the property is priced RM1200psf, and can be rented at RM6 psf if fully-furnished. (in fact the market rental rate for KLCC condos is in the range of RM5-RM8 psf for fully furnished). What do u think of the rental return in this case? Will not be more than 6% if u add up the furnishing costs. What if the built-up is 3000 sq ft? the total monthly rental will be Rm18000. and the price will be RM3.6 mil.

Then, we should look at the following issues:-

1) do u think nowadays u can easily get a tenant willing to pay RM18k for renting your apartment / condo? Those tenants who are afforable to pay the rental in the range of RM15k-RM30k will be more interested to rent a bungalow than apartments / condos.

2) do u think it's easier to find buyer for your unit if you want to sell more than RM1500 psf (=RM4.5 Mil) ? if you hope to get a gain of at least RM300 psf!

3) what do u think of those condos selling more than RM2k psf? if u are talking about 6% rental yield. That means the rental rate per sq ft must be RM10 per sq ft!!! more than some Grade A office space rental in the city!!! Do u think a foreign company willing to spend RM10 psf which is more expensive than it's office space rent to accommodate its expat?
Needless to say those condos selling more than RM2500 psf!!! RM10 psf budget can rent a 5 star serviced apartment with rountine house-keeping services, what for they want to rent your unit with fully-furnished?

Cheers!

[hazri]

the best spot to invest now is in nusajaya that is located to johor district area..that is where new investor that had really high espectation are looking for a chance..Nusajaya is a key driver of the Iskandar Malaysia (IM), an emerging economic zone in South Johor, Malaysia. Designed to be Asia’s foremost integrated city, Nusajaya is about the convergence of diverse developments on a scale and diversity that has never before been attempted in Malaysia, and is positioned to be the largest and premier fully-integrated urban development in South East Asia. The city is located at the south-western tip of Peninsular Malaysia and is strategically situated in close proximity to Singapore with Singapore’s Central Business District a mere 24km away.

The principal thrust of Nusajaya’s development strategy is to offer the global business and residential markets a sustainable and well-planned community set against a backdrop of landscaped parks and gardens complete with water features and a backdrop of Malaysia’s natural beauty. This iconic, integrated development is propelled by nation-building aspirations, commercial vigor and commitment to stakeholder value enhancement.

hope that you'll give a thought about this info