Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

Hello friends,

I am interested to buy a unit for own stay at Desa Pandan Apartment. Preferred at Blok G or J, at 2nd, 1st or Ground Floor.
Do any of you guys know the current market value of these walk-up apartments?

FYI, there is one owner whom want to sale hers at 2nd floor with asking price of RM210k.
I had verbally check with one officer of CIMB and I had told that the market value only RM170k !!

Actually, I don't mind buy around RM200k but if the market value is so much lower I don't have enough fund to top-up the deference after the 10% downpayment.

Can anyone advise me? Thanks in advance.

Cheers / Muhammad

Dear Muhammad.

Which CMB branch did u ask? FYI, when i took the Islamic Loan from CIMB back in 2007, they already valued it at RM 180k, i had 3 offers that time, HSBC, CIMB & PUBLIC. ALL @ RM 180k.

in 2008, my ground flr neighbor bought his unit at a Bank Auction for RM 200K. Traditionally, walk-up units at 1st flr command highest rates, then GRD, then 2nd flr, so on and so forth.

No disrespect to CIMB, their valuers know nuts about market value, but at least they are better than MAYBANK.

With the good location & security here (mine is Block J7) the prices has shot up above RM 200+ for my unit now. Every day, i receive flyers in my letter box asking for rent / to sell. Due to it\\'s location in GOLDEN TRIANGLE, i\\'d suggest that you better sanp any unit that u may find BEFORE the RM drops next year, which will make owning a house in KL more expensive than now.

CHEERS!

Calvin Chan