For the past 7 years, I have been searching and looking around for a quality property to expand my portfolio hoping for both capital appreciation while continue enjoying good rental yield. After 7 years of searching, I feel that there are few properties might be worthwhile to consider if you are thinking of expanding your property portfolio. Bear in mind, all the ideas and reasons is base solely on my own personal view and experience after so many years of understanding KK property market. Normally I will strongly focus on both capital appreciation and rental yield whenever I want to expand my portfolio to ensure Win-Win situation.
Api Api and Marina Court
The only apartment and condominium within city and surrounded by matured shopping mall and commercial centre is Api-Api Apartment and Marina Court. Api-Api Apartment (AAA) is mostly cater for medium and lower end working class people while Marina Court (MC) is catering mostly on tourist and some of the rich holiday homes. Both properties have been appreciated and receiving good rental years all the while. I have been acquiring AAA’s since 2006 & 2007 with the purchase price of less than RM200K per unit and now the value has been appreciated above RM280K with double digit rental yield. MC’s also has been enjoying healthy appreciation with reasonable rental yield despite threat of losing their sea view 3 years from now. The future of AAA & MC will continue to do shine viewing that there is no more development land available nearby Further more with the escalating development cost, by all mean developers will not sell their property at AAA and MC current price. Not only that, if I’m developer I will develop commercial property rather than residential as it will easily fetch higher price of RM2500-RM3000 per sf just like what Centre Point & Wisma Merdeka commanding now.
Indah Court
Another area I’m strongly recommending is known as Indah Court which flooded with good tenant group and rental yield. Indah Court has been appreciated a lot lately especially when all the new developments of condominium and apartment selling for RM280-RM350 per sf while Indah court only fetch around RM 170- RM210 per sf. Base on my experience, Indah Court will be “evergreen” portfolio simply because 70% of the government and private school in KK’s located here with less than 2KM radar or walking distance. With the threat of potential rising petrol cost in the future, a lot of people will continue to purchase nearby city centre property as their dream home to save time and cost over the long term. Further more this is where all potential good tenant like teachers, doctors, government staff and the most important double income family group which assure further the rental repayment capability.
Signal Hill
The most high end property which I didn’t own so far is Signal Hill which is famous of their perfect location with fronting south china view and back by Mount Kinabalu view. The property is sitting above the only hill facing KK city centre. Back in late 1990’s, the developer is having hard time selling the property above RM 200 per sf despite good location and view. The property prices only start to appreciate 5 years ago after foreigner and local professional going in. I remember one foreigner told me that workmanship can be maintain, renovated and repair but you can never repair the view. This group has pushed the price above RM400-RM500 per sf and helps to sustain the rental yield at 7%-10%. That why when the developer start launching their phase 2 (The Peak Suite), it was sold within 3 weeks and now the price has been appreciated not less than 40% even though without Occupancy Certificate. Their another success story is “The Peak Vista”, it was currently build building next to existing block facing south china sea and Likas Bay. The property was sold out within 2 hours with not less than RM360 per sf during their soft launching end of last year. Not only that, the prices been appreciated more than 20% even with current constructions of 40%. Mark my words, Signal Hill will continue to do well in the coming years due to location and fantastic view.
Beverly Hills Apartment
Never come across into my mind that Beverly Hills will do so well when I started my property investment back in years 2004. This property is located about 8KM from KK City Centre with huge numbers of units. Even though the numbers of unit is huge but bear in mind, they are surrounded by matured commercial and industrial activities mainly from Bundusan, Damai, Luyang and Lintas. With the completion of the highway last month, I believe the demand and price will continue to be steady and sustainable. I didn’t own any property here but for those who just started their property investment; this will be a good area to build your investment guts giving low entry cost and low risk while generating good rental yield.
With that I hope, all of you will continue to share with me your experience for better understanding on our property market while building brighter future through property. Happy Investing
You cannot Grow Land.. Ck Wong & KH Wong
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{ 157 comments… read them below or add one }
Hi CK,
This is just fantastic. You have given readers, especially outsiders a good overview of KK property market.
Thanks a lot.
Cheers,
Clement Chew
Hi CK,
Enjoyed your writing. What is the current rental for a 3 bedrooms, slightly less than 1000 square feet apartment at Api2 centre? You mentioned that that the current price for an Api2 apt. is RM280K…what is the floor area like (in square feet)?
Many developers nowadays construct terrace houses that have an 18 feet frontage/width . What is your views on that?
Thanks.
Zalia,
Api Api commanding good rental of not less than RM1500-RM2300 per unit for 3 bedroom depending on furniture and fitting. Api Api have few types of size mainly, 400++, 770++, 1000++, 1154, 1257, 1320, & the biggest is 1645 sf. So every unit pricing also depend on which block. Zalie, bear in mind our developer also got “NO” choice to build 18 feet frontage wide as their land cost is high. So that why I always say if you got chances to buy vacant land…please do so.. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
i like reading ur blog, the ideas are good.
just wondering, what do you think of places like:
1. luyang perdana/luyang villa
2. alam damai
thanks for sharing your ideas…
Foo,
Thank you. First of all, luyang is one of the most matured residential in KK. The villa is selling above RM300k now. Of course for you can get below RM300K is almost impossible. If you are first buyer (price around RM210K) then you can keep this property under your rental portfolio. But if you intend to buy for investment, I dont foresee much growth of the capital appreciation. Bear in mind, the higher the purchase price, the lower rental yield going to be. That why whenever I purchase property I always try minimise my entry cost. Refering to Alam Damai, I believe the location is fantastic with distance of less than 2KM to KK city centre. The location going to do well once its completed but of course for it to matured it might take another 1-2 years. Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
I see some sale of marina court at 500k. for a 1200sft+. Would you consider that a good buy?
What would the ideal ROI be? I calculated an average 5%. Not too good right?
Yong,
RM500K might be a good buy depending on the floor, furniture and view of the unit. I really can’t give you the actual value buy price. Looking at the long term view I consider Marina court to be good in view of location. Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
Hi CK,
Thank you for the earlier reply.
Which phase of Beverly Hills would you recommend? What type of apartment, studio, 2 bedr., 3 bedrm & which floor?
I’ve heard that a new condominium development is being proposed at signal hill. The location is accessible through the road opposite the istana’s entrance. I’m not sure of the exact location, but I heard it’s near taman fantasy. The selling price is half a million for a floor area of 1,+++ sq. ft. Have you heard anything about the proposed development? And what is your opinion in investing in one of the unit there?
Thanks.
Zalie,
For me I will concern more on the entry cost and which floor. All of the unit size have their own target tenant, so dont worry. About the project at Signal Hill, there is alot of residential development under planning stages. Keep an eyes on this area. Its going to be major condominium area next fice years from now. Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
Dear CK,
I’m a KK’ian who totally new to property investment & I yet to own a house in KK at my age of 29. I’m a pure equity investor, and I changed my perspective on property investment after started to read your blog.
Would like to hear your comment on the terrace/semi-d housing at Tmn Mahkota Bundusan. Terrace sold for 340k & Semi-d 680k. I also heard of 1Sulaiman apartment but I’ve no confident for it.
Since it’s very near to Beverly Hills, I don’t foresee it will be having good rental yield. I plan to buy 1 to gain the price difference perhaps 1-2 years from now. Otherwise, I’ll move in for self-occupation. Another worry me is the developer, which is totally new to me.
Thanks.
Vincent
Vincent,
I strongly recommend you to build up your property based first before you start to speculate. Property is not like share market, whereby you can sell and buy within a second. Please study carefully and invest wisely as its a long term commitment with huge capital.You will badly affected if you fail in the first round of speculation.
Refer to the landed property, I dont really prefer landed as for me I prefer condo and apartment simply because the rental yield is higher. Tmn Mahkota is good but its too near to high voltant. Over the long term some people are very particular on this. For 1Sulaman, I believe it might took another 5 years to really matured and stable in terms of the selling price. Imaging 1Borneo Tower A & Tower B is having 800 units, University Apartment around 1500 units, University Conco 1 & 2 is not less than 2000 and 1 Sulaman masterplan is not less than 1000 unit. Virtually the total number of unit is exceeding whole Luyang population. So think twice before you invest. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Dear CK,
Noted and thanks for your advice. I’ll try to build up my property based perhaps with some condo/apartment with high rental yield 1st.
Look forward your new post soon.
Dear CK,
How are you?
I went to have a look on Puncak Luyang Condo on yesterday. The developer planned to launch Block B and it’s opened for booking now. I heard one of Puncak Luyang semi-D owner complained that the workmanship is poor. Do you have any comment about it?
Thanks.
Vincent
Vincent,
Do you know how hard to satisfy human desire? Anything you do also people will complaint? I got no comment on the developer. But bear in mind, workman ship can never be repair but you can never buy back good location. Since the owner complaint so much, try ask him to sell to you then..:) Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
I am considering to buy a house for my own stay at :
1. The Manikar, Signal Hill – double storey terrace house at RM570K.
2. Bayshore Condominium at RM 665K
Which is better choice and what is your comment.
Thanks
MT
MT,
Make your own decision. Watch out your own cash flow and ask yourself:
1. Do you need such big and expensive house?
2. Is the house going to affect your future investment plan?
I will not buy for sure.. as I don’t need it and I don’t want to kill my seed for investment. Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
CK ,,
It seems that you meant workmanship can be repaired ,,, right ?
Dear CK,
Perhaps workmanship can be repaired.
Since the price is quite high, I’m trying to find out what other reasons for me to invest apart from good location.
Thanks.
Vincent
Vincent,
Frankly I also can’t find a very good reason to buy that property. I’m very careful on my costing and entry price. If the price is too high, the rental yield will drop tremendously so point investing. Unless you buy it for owner occupied.Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
Dear CK,
You are right. The rental yield might not able to cover my loan if I go for it. Thanks for your advise anyway. I’ll keep looking.
“That why whenever I purchase property I always try minimise my entry cost”.Thanks for the tip. Meaning …pay only the 10% deposit and look for free legal and stamping waiver(Zero Entry Cost Package) from the banks. Thus the plus point in purchasing new projects.
Joe,
Don’t misunderstand what I Said. What I mean here is to minimise your purchase price!! Not like what you mean by asking bank to absorb all the legal fees and stamping for you. Even if you got such package from the bank, at the end of the day bank will charge you back!!! Bear in mind, bank are profit oriented company. They are not charitable organisation. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
I admire the time and effort you put into your blog and detailed information you offer! I will bookmark your blog and have my children check up here often. Thumbs up!
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Hi,
Thank you.Hope with your encouragement I will do better. I always hold a principles that Life is full of sharing. My dad told me too.. Happy Investing.
You cannot Grow Land.. Ck Wong & KH Wong
Nice blog, I wish I have read this much earlier.
Need your advise, is a 9xx sq ft Api-Api Apartment asking for 210K consider as a good buy. What do you think the rental will be (in general)?
Thanks
KB,
If I’m not wrong this is 3 bedroom apartment right? RM210K is consider not bad. Which block is this unit? The rental expected from 3 bedroom is around RM1200-RM1500 depending on the furnishing. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Saw the first Jesselton condo unit for auction today at 440k. For you guys who are cash rich, time to invest.
Hi Joe,
Where you found the news? I dont see any?Which floor is the property?This going to be the first for the condo. But I think it will be call off or postpone. Owner can sell it for higher than this price anytime in the market. Happy Investing.
You cannot Grow Land..CK Wong & KH Wong
On the 8th floor ( good number too). Check out auction.com. Well, the owner probably owned too many units and cannot service the loans. Over gearing.
Also unable to hold on for too long without tenancy. Also not easy to find buyers in this hard times.
“Refer to the landed property, I dont really prefer landed as for me I prefer condo and apartment simply because the rental yield is higher”
Please share with us the approximate maintanence fees for condo and apartment in KK. As for the rental yield you mentioned, does it include any above hidden fees?
Hi,
Maintainance is vary from types of size and where is the location of the property. Its ranging from RM0.10-RM0.25 per sf. Of course the yearly assessment fees is your accidental cost you might not ignored. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Please give some insight on Sri Borneo Condo.
It locates at the heart of the kk city. What are the hidden cost in this estate?
HI Janet,
I don’t really understand what do you mean by hidden cost?Can you explain further? Happy Investing.
You cannot Grow Land..CK Wong & KH Wong
CK,
what do u think about Hiltop apartment?230k???
Hi,
Back in 2004, when I started by plan to accumulate rental property, Hilltop is one of the place I consider. That time was selling in the range of RM150K-RM170K and I remember I ask my colleague when for auction which she got it for RM136K. Instead of paying rental of RM1200 per month, now she is happily own her own home. If I’m wrong rental has been stable at this range. Dear friend, RM230K is consider OK and not too expensive but make sure its not the higher floor. You must remember there is no lift there and lazy people is getting more. Happy Investing.
You cannot Grow Land..Ck Wong & KH Wong
CK
What about Grace Garden? Is it not a good prop for investment? appreciate your comment. Thx
Hi,
Grace Garden is the duplex right?That area is sellling at premium last time by developer. It command average rental now. The yield is low. If you hope for capital appreciation. You might need to wait till government settled the Sembulan issued opposite this condo. There is one auction this month for Grace Villa for RM310K with less than 1000 sf. When I started my property investment 6 years ago, this place was selling for 220k-240K with rental of RM900-RM1200. So either capital appreciation or rental collection, this area is not fulfill my expected returns. Happy Investing.
You cannot Grow Land..CK Wong & KH Wong
Hi CK,
Very informative blog you have here…a great source for Sabahan people who wish to pursue the lucrative property business…
I’m still a newbie in property investment..i noticed that most of your information here are focusing more on KK area. What about Sandakan area? Would you be interested to invest in Sandakan properties?
Hi,
Bear in mind, principles in investment apply everywhere and anytime. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Hi CK…
Thank you for responding to my comments….actually i need your opinion on this…this is about property investment opportunity in Sandakan area…ok the offer is like this….the shoplot units is priced at rm598k per unit…the refundable booking fee is 2% from the initial price…actually these units are meant to be a 2 stars hotel, so should you purchased the unit, the developer will rent it back from you with 10 years tenancy agreement. The rental returns goes like this…
1-2 years 7% return from the price purchased
3-4 years 8% return
5-6 years 9% return
7-10 years 10% return
This agreement will be renewable after the 10th year with 10-15% returns rates.
Ok…let’s say that you decided to sell it after 5 years to get the capital returns but couldnt find any suitable buyer, the developer guarantees that they will buy back your unit with the original price. In other words – Buy back guarantee.
This is a No Money Down investment because there will be 100% loan which 70-75% comes from the bank and the remaining balance will be loaned by the developer with 6% fixed interest (up to 25% only).
I found that this offer is really attractive because after deducting all the monthly loans it will still gives me positive cashflow. And mind you…this is all without using my own money…and maybe after 20 years when my loans is fully paid…i will be able to earn passive income up to rm5k the least, a good retirement plan for me…however after explaning all this…i would like to know anyone’s opinion on this…is this a good bargain or what? I’m still a newbie so i’m not really sure about this…thanks…
Hi,
The deal is fantastic if it is real. But too good to be true. You better watch out. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Hi CK;
I am considering to buy a house for my own stay at :
1. Indah Court, 2nd Floor – 200k
2. Eden Height, 6th Floor – 185k
Which is better choice and what is your comment.
Thanks
Juno
Hi,
Indah Court better choice… If you notice 70% of government and private school located at LIKAS.. Happy Investing.
You cannot Grow Land..CK Wong & KH Wong
Yup the deal is real…if anyone interested…check out this website http://sandakanproperties.com…for more details…tq..
http://sandakanproperties.com
Please comment on Marina Court seaview condo unit after the completion of the waterfront project. And 1borneo condos. Do you think it is good investment or not? Which property do you recommend bet. Tower A or B or C? Thanks.
Hi Joe,
In general, even with the completion of the Water front project, Marina will still command potential of capital appreciatian. As the total condominium units at Waterfront is not more than 110 units. So the impact is very minimal. Of course, Marina will loss the value in terms of the view but as I always say, you get more choice if you are rich!!Right? Furthermore, with major activity like shopping mall and working crowds, definitely this will help in maintaining the rental and appreciation for Marina in the near future. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
How high will the water-front projects be? Will it actually block the beautiful sea view?
Grace condo sold for rm220-240k 6 years ago? I don’t thinks so. This is a upmarket project. I think it was launched at 400k above. Anyway, it has no lift. What a letdown for a high end condo. We wanted to buy there for our retirement, but had now to think twice. Couldn’t possibly climb 2 flights of stairs just to enter the house.
HI,
You must remember people around us are getting “lazy” day by day. If you buy property for your retirement, please consider condominium with full facility. Happy Investing.
You cannot Grow Land.. CK Wong & KH Wong
Hi CK,
I’m learning a lot from yor blog and thanks for all ur advice. I’m seeking for your opinion on the Tmn. Suria Shop Apartment developed by Sinar Pembangunan (Near and the same developer for Tmn. Penampang Apartment).
The ground floor shoplot is selling @ RM345K with around RM1600 rental per month and ready with tenant. Is that a good deal?
Hi,
Gross rental yield is around 5.6%. How much is the management fees? As if there is management fees you might not enjoying breakeven situation whereby rental is not enough to cover your monthly installment. Of course few years down the road the appreciation of the rental is there in view of numbers of apartment units is huge. Is this your first property? If this is your first rental portfolio please reconsider as I normally discourage first timer investor to buy negative cashflow property. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Thanks for your reply. The Management fee is about RM140 per month but I’m considering for an offer from a bank that is offering me a monthly installment of about RM1450 for the 85% loan for 30 years.
In this case, I pay like nothing every month and at the same time expecting capital appreciation in years to come (maybe 10-15 years I hope) and perhaps increase in rental in few years from now (may be 3-5 years) when the area has got greater population as my long term investment.
This is my 2nd property but the 1st one is not yielding much rental as rent it out for Rm380 monthly only @ Tmn. Sepanggar (but the deal is, payment once a 3 month). Not that “pro” yet and hoping to learn from people like you guys
…
Hi CK,
I’m considering buying taman fantasi double storey terrace house
near Likas a new housing project which will be completed in the next
2 years for our family stay.
Currently, we are staying at apartment which we have bought in 2006.what is your opinion or rather advice?
Hi,
You mean the location near to the Fu Lu Sok? I understand the 2 1/2 storey selling for RM500K. If its for owner occupied please proceed. But if you buying for investment better think twice as of people don’t like stay near to that area. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Thank you CK for your prompt reply and advice.Actually I’m interested
in the 2 storey terrace which costs about RM375K for own occupation.
The apartment which I am staying now measuring 1,085sq ft with 3 bedrooms at 1st floor near Lido, in the next 2 years, do you think the price would fetch up to RM240k and is it worthwhile to sell or
to retain for investment purpose.Thanking you in advance
Hi Shida,
DONT SELL YOUR APARTMENT!! Keep it for rental collection portfolio. Bear in mind, coming all new development especially apartment and condominium will not sell below RM300 psf (reasonable location). A unit of 1000sf by developer are selling for RM300K which upon completion purchaser might need to rent for RM1500 and above to cover their monthly bank instalment and management fees. So at this point these apartment with 1000sf especially old buyer like us will enjoy better rental say RM1200? My agent told me property below RM1200 is highly on demand. So if you can get RM1200 from your apartment I think its more than enough to cover your monthly instalment right? Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
CK,
Would you mind recommending good property agents to me? I talked to few recently & they seem like not interested to service me, maybe I am a small fish. Thanks a lot.
Shilda,
Three of my friends & a relative just bought units at this place. Like CK, I don’t understand why they want to stay near to a funeral parlor but according to them, Fook Luk Siew is not within visible range and there is a church nearby. It is your choice.
Hi,
I am planning to buy waikiki condo
what would be your comment?
thanks for your kind advice.
Hi,
Waikiki is the only condomimiun in Tg Aru and despite old building and design the rental are quite steady with reasonable appreciation. Please consider the view of the unit, size and condition of the unit as this will help in getting foreign tenant. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi.
I’m new in property investment as my previous job is not related with property at all. Since I’m now stay-at-home mum due to commitments to my little ones(as they now start schooling), therefore had a little bit of extra time to do some property huntings.
I’ve also read the book from Renesial recently and her sharing got me a bit confused. She emphasised on buying completed units while your sharing gave a little insights on buying a non-completed units(getting higher returns once OC is obtained). The property market has also escalated this few years hence your sharing also struck some sense.
I’ve been eyeing few properties especially on shops(as my husband is looking for a unit for office and sub-let other units). Can you advice the market potential for Sri Kepayan Market 88? Is it worth investing in this area, and how about Lintas Jaya and Cybercity shops/Ganang Villa? For subsales for RM1.35mil is it worth it?
Can I get from you the property agent’s contacts as well? I’ve met a few of them and some are not helpful.
Thanks.
HI,
I cannot say shoplot around RM1.35M is not worth it. I even consider this before but at last I calloff my intention as the risk is too high. Are you first time buyer investor? If you are really loaded please proceed as if the unit is not rented out at least you still can substain your monthly repayment. But if you are beginner please avoid this as the risk is too high. Imaging RM1.3M @ 6% return = total rental perannum is about RM78K/RM6.5K per month. That means your ground floor is at least at 3.8K. Extra careful when you investment exceeded RM1M. Rememeber..your commitment is for at least 20 years!! Please give me your email add I will forward you the contact number for the agent. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Thanks for the advice. Will think about it over. My email is gwftan@gmail.com
Hi CK
D/storey terrace intermediate house at tmn seri kepayan phase 8 is sold at rm340k. The house is more than 10 years old. Do you think still adviceable to purchase it & proceed for some renovation?
How about the new d/storey terrace house (almost completed) at that tmn too? got the buyer intend to re-sell at RM420k!!!!!!!!!!!
Hi,
Landed property will continue to fetch good price but coming it will not be huge growth. The appreciation will be abit slow. Hoping it to come down will be impossible. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Would you mind to recommend me some of the new d/storey terrace?
Pete,
My 20 cent comment. If u like Sri Kepayan area, u probably can look into Tmn Ridgeveiw DS terrace. It is exactly opposite Tmn SK accross the main road. The last time I read in newspaper, the selling price is cheaper than SK. However, due to the newly completed 88 Marketplace, owner may ask for higher price already.
Duta Gardens (new project) at Jln Bundusan also selling at quite reasonable price. The smallest unit selling for around RM360K. However these units are town house concept so not sure it suits the taste of general public or not. U can goggle up Duta Gardens.
Lastly, I heard lots of rumours that Tesco Hypermart will be set up at Lintas Jaya shoplots. Is this just marketing tricks to boost the sale of the properties at this area or there is some truth to this? Anyone?
TQ.
Hi Redyoyo,
Thanks for your comment. If my budget is RM400k, where do you think I can get d/s terrace hse? If can, better buy for new hse. I buy it for my own occupation. Better not too far from my plac of work (lintas). The SK terrac asking for RM340k, do you think is worth or not?
Im not so like the concept of Duta Garden.
Hi CK
Any comment on tmn keluarga behind KDCA?
TQ
HI,
Im not familiar with that area. Where is the enterance of the Tmn? Dongongon is coming up very fast. Since its squeeze between Bundusan, Penampang and Dongongon then I dont see any disadvantages of owning properties at this area. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Pete,
Yup, like what CK said RM400K can get u a nice house already. I almost bought Tmn SK few years ago but when I viewed the house, I felt it is quite small. The original layout should be one and a half storey instead of two storey. Although the unit I viewed was expanded and renovated, I did not buy it in the end.
Try to search in http://www.mudah.com.my and read advertisement in newspaper. There are at least a few DS terrace house below RM400K, old house I am talking about. Penampang area, the road along KK High school got old house for sale. u just need to keep your eyes open.
Hi Redyoyo
Do you know abt Taman Keluarga behind KDCA centre? Any comment?
http://www.mudah.my/Taman-Keluarga-Behind-KDCA-Centre-4528533.htm?last=1
TQ
Once u had narrowed down your search, I would advice u to call up the agent & make appointment to view the house. After u view the house, drive through the surrounding area and if see if you like the neighborhood. Drive there during morning, afternoon, evening, night time. After all, you will be staying there for quite a number of years and paying the loan for many many years.
In my humble opinion, the land area is big, the price is OK if it is really very near to KDCA. From KDCA if u take Jln Bundusan then the old Shantung road, u should reach Lintas within 10 to 15 minutes. However if u take Jln Penampang, u can expect traffic jam at Kobusak traffic light & Lido traffic light.
You should bring along your wife/parents/gf together so that they can give u opinion also. That is all I can say, hope it helps.
Ok. TQ for ur comment.
Hi CK,
Marina court duplex 11th floor 2278sft selling 752k facing Api-Api. Is it a good buy?
Thank you
Hi,
If you compare to current condominium development, definetly its cheap. Psf is only less than RM350 but the challenge is to get the tenant for this unit. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Cheers!
Country Height Apartment. What say you? is’it a good investment?
Hi,
Too many units which will hurt the appreciation and rental yeild. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
What do you think of Taman Country Shangri-la (near Taman Kasigui 3) at Minintod? Currently going for RM360K intermediate. Still a good buy?
Hi,
I still prefer Likas, Damai, and Kingfisher area as near to Hospital, government agencies, Shopping malls and schools..Happy Investing
You cannot Grow Land..CK Wong & MY DAD
hai how about jalan tuaran bypass …how much u think the price per sq ft (land) thnk
HI,
Its NT or CL title?Any road access? What is the condition of the land?Flat or hilly? Happy Investing
You cannot Grow Land..CK Wong & MY DAD
Hi CK,
Its been quite a while I didn’t post anything here since I’m fairly new. Been reading your blog almost everyday to catch up what you had posted since last year besides reading other materials. Its very interesting and informative blog. I’ve learnt a lot in a short span of 1 month. I hope to catch good deal soon and had started going for site visits for those of interest although none had materialised yet.
Great to find out that you and I are from the same kampung too. If you studied in St. Anthony, I might even know you as I m not much older than you.
Anyway, I wanted your opinion on 1 property I went to have a look today. This terrace house is in Likas, very nice location, near schools selling at RM300K. BUA is only 1200 sq ft and its 30 years old. Well maintained, tenanted.
Many people stop by to have a look(info given by agent as its just recently advertised). As I were there, few people came by too. The bank evaluation is less than the market value(quite a big gap). I’ve calculated, to cover the rental(paid by current tenant-UF), I need at least 35% upfront in using the rent paid by the tenant to service the loan. In addition, no extras to pay for the assessment fee, etc etc.
I’m not planning to stay there, just purely investment. If my children grows up, I may consider it due to location but right now I do not need it.
Is this purely speculation? If its so, its very difficult to find property (terrace) under RM300K, yet makes profit by rental income. Compared to Indah court, good units are at least more than RM200K, some I saw selling at 240K recently. Can you comment?
Grace I can’t help but to leave a comment. I know which property u referring to and wanted to view it too. Well, I was told by the agent that it is taken up already. That is how fast a deal can close….. If u r the buyer, congrats. Judging by your description, it should be a good deal.
Redyoyo,
I’m not the buyer. I’ve keen interest because I feel the place is quite a nice neighbourhood but I can’t make such a major decision as most of the time I’ve viewed the property but my husband is the one paying… and he working outstation most of the time. I can’t just made payment when he had not seen it?
Sometimes, its frustrating, cos I feel probably would had hit a good deal(I missed one very good one last 2 weeks-conflict btw house owner and choice of buyer who happens to be friend of his lawyer!!). Sometimes good deal are snatched up very fast! and especially for this house I’m talking about solid cash of RM100K of course, its a matter of his concern too!
Thanks for the comment.. anyway, if I miss this one, I still have plenty to look for right? The money is still in the pocket looking for ways to invest more efficiently. I’m looking for shops as I believe shops value is more than a house but once in a while no harm to get one or two house if the deal is right. Therefore the 100K makes a lot of difference between making downpayment for a house and a shop.
Hi,
Then better ask your hubby to trust your judgement. Otherwise, you can’t never own if you keep waiting for your hubby decision. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Grace I know what u mean by getting your husband opinion. Afterall it is a huge commitment, not like buying a dress. For me, I agree that it should be a two person decision.
CK, see? It is not that easy for us who is outside the property circle to invest. Grace’s potential property snatched up by someone who got connection. Like u mention in your previous article on networking, connection is important.
Anyway, keep on looking & looking. Good luck.
Hi,
Property prices increase so much lately definitely not because of speculation. Likas area is good, I assume you are purchasing Tman Antarabangsa? How long tenure still left? for Likas mostly land tenure less than 30 years only. Bank are not favour towards such property. Indah Court prices rise as what I expected so if you buy it now at 220K this will pull down your rental yield. By the way, I’m from St Anthony since form1-form5 and I graduated at year of 1997. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
CK,
I appreciate your opinion and great to know that I know a fellow Anthonian whose networth is millions. I graduated in the year 1994.
I agree with Redyoyo. Buying a property is not easy when involving two parties afterall its not something we can decide overnight.
No, didn’t buy that property, husband don’t agree as its overpriced. He’s more interested in bigger fish.. land and commercial. I’m a starter so I want to play safe as I’m investing on his money. So, I’m still looking..
Hello CK,
First of all I must say your website is very informative – thumbs up to you!
I am KK-ian but have been drifted outside KK since finish my secondary school in the mid-90s. The bell is ringing for me to go back to KK for good soon – I would foresee this would happen in another 3 to 5years time.
During CNY period I was in KK and had a chace to drive past this Alam Damai Condominium. The vicinity is very accessible (one side to Damai, another side to Jalan Tuaran) and I notice the neighbourhood (Puteri Damai and Taman Alpha and Sunny Garden) is also very decent, hence in my oppinion I would say the living condition is quite good. Can I hear your view about Alam Damai? And also what do you think about its investment prospective?
Appreciate your views, and have a nice day!
Regards,
Hi,
Alam Damai condo is located atvery prime location. The sub sales market is much above its previous selling price. What prices are you expecting to get? Please be advise that your rental yield is going to be lower than what you expect. But this is the fact that in the growing economy rental yield going to drop. The best example is HK, the rental yield is as low as 2%!! So properties going to be richman games especially for KK next 5 years. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi,
How about Eden Height RM200k, 1004sqft. What is ur opinion?
For for my own stay and plan to sale in next 2-3 years
Appreciate ur advise.
tq
HI,
BUY!! Its only cost you around RM200 persf. Coming next 6 all condo and apartment development will cost more than RM300 persf. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hi, CK
“Coming next 6 all condo and apartment development will cost more than RM300 persf”
Which are the 6 of them as quoted? 10Q
HI,
I will let you know when the time come. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Is it worth to invest KK Times Square 3rd Floor office unit at RM280 per square feet ?
What’s going on the mall project near to KK Times Square?
HI,
For the past 20 years, office investment is still laggard behind even at prime location at Wisma Merdeka. This asset is not within my portfolio as I believe the appreciation is very slow and not rental yield is very limited. Happy Investing.
You cannot Grow land.. CK Wong & MY DAD
Hi CK,
How about terrace house in W.P. Labuan? do you think it worth to invest?
Thanks.
HI,
I’m not familiar with Labuan property. But try to apply whatever I share here for your future decision. I always believe the “principles” in property investment applies everywhere. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hello, it has been a while since i last visited. Good info here. I shall be coming back to KK for retirement in a couple of years. Just looking for a nice corner/ semiD / condo. What areas do you recommend?
Hello, CK,
Have you ever hear that a new Hotel Suites / Hotel will be built just behind the Maybank Karamunsing? What is your view on investment there?
Hi,
I don’t really believe and well convince with the returns given. Its too artificial and at the end of the day, I don’t think you will own and stay inside 300sf apartment. Its merely a investment tools / investment program that developer create to leverage further investor/buyer risk. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD
Hello CK,
Is it worth to invest at Taman Kingfisher 3 DSTH int. @RM360k whereby the house is more than 5 years?
HI,
Market value only between Rm280K-RM300K. Happy Investing.
You cannot Grow Land..CK Wong & MY DAD