My younger sister turns 23 years old this year. Few months back, she asked me to recommend a property for her as an investment. I’m really happy to hear that because she’s finally ready to buy her first investment property. Based on her salary and savings so far, I do not expect her to buy anything that more than RM120k. For this budget, she has options to get a either landed low cost house or low/medium cost apartment. Yes, you read it correctly; you still can get a double storey landed low cost house in Kajang for RM120k (and below). These are the houses built 30 years ago for price of only RM25k. However, to minimize her hassle and risk of not able to collect rental, I have ended up recommend below apartment to her.
This place is known as Pusat Hentian Kajang @ Jalan Reko. It’s located just few km away from UKM; making it quite a popular place to stay for UKM students and staffs. I’m not sure how many percent of tenant here are UKM’s student/staff. However, I’m pretty sure the occupancy rate here is almost 100% tenanted. Beside, close proximity to UKM, the Bus Station here served as Hub for busses to & from major cities in Northern and East Coast such as Ipoh, Penang, Kedah, Genting Highland, Terengganu, Kuantan & Kelantan.
A multi-storey car park can be seen here (on the left)
KWSP Office
Bus Station to/from Northern & East Coast
Closely look into the signboard and you will discover Lembaga Hasil Dalam Negeri (LHDN), Jabatan Imigresen Malaysia, Jabatan Alam Sekitar, Jabatan Pendaftaran Negara & POS Office is located here.
Convenient Store. I remember seeing 7-Eleven too
Layout of apartment here. The size is typically about 800 sq. ft. each
I have a unit here...I wonder what is the value today..I am renting out at RM450..my unit is on the 1st floor facing jalan Reko,It is the back one..so build up area is smaller than than 800 feet b,cos of the stair case..it is true not difficult to find tenant..but to get a good paymaster is a problem..try advertise a long kaki lima..your phone will keep ringging even at night..so hot
ReplyDeleteAs far as i know, the rental is from RM400 to RM550 depends on which floor and whether is front or back unit. The current asking price is from RM85000 to RM95000. I'm not a valuer but feel your unit should worth at least RM85000.
ReplyDeleteSince this is a hot area, you should screen thru your potential tenants and rent your unit to better paymaster, which is normally students or young executives. Btw, who is your tenant now?