Hi all,
I am new here and would like to seek for professional opinions about my condo in Damansara Perdana.

Size: 414sf
Room: 1 room + 1 bath
Facing Hills (morning sun but not directly), Corner Unit
Floor: 18th Floor
Maintenance: Less than RM100 (including sinking fund)
Name of Condo: Perdana Condo

Current rental rate at 16th floor (intermediate unit) : RM850.00 (fully furnish)
I have asked an agent for my unit and he said can fetch about RM900.00 for fully furnish. I would want to rent it at RM950.00 min for fully furnish.

I can't decide to sell it off or to rent it out.

I am interested to buy a property in Shah Alam Section 20, Suri Puteri (under construction) but loan got rejected because I am still make repayment to my damansara perdana condo.

Can anyone advice me on this?

Is the property in D. Perdana will still go up in the next 2-3 years?

Need to know :

roughly how much is the monthly mortgage you are paying to the bank?

Lou Surtido wrote:
My personal opinion is to have that property for rent; the money you get for the rental you can use to pay for its mortgage; hold this one for properties usually appreciate, at least you have a promising investment already in your hands.. well for your plan to buy another one, if you couldn't wait for your loan to be approved as you mentioned it was rejected because of your repayment for your damansara condo, maybe you have to find other resources to pay for that new condo...

Agreed.

you use your tenancy as prove of your other source of income. Bank will certainly consider it.

The repayment is about RM700 per month to the bank. And thank you very much for the valued inputs. So you reckon that properties in Damansara Perdana worth holding on for a little longer?

You can check with the valuer your property worth now, and the time you bought. Any significant increase in capital appreciation? If yes, why not holding? And if your tenants are consistent, and income flowing in, why worry flipping it so early?

But, it is your call. It depends on your holding power. Afterall, it is called REAL estate . A famous quote in Real Estate: "You buy to wait, not wait to buy".

If it was me, I will hold on to the property since the estimated rental income can more than cover for the monthly loan repayment.

Property investments are always in the winning side of any business.. Especially when it is situated in a nice location.

I bought the unit at RM99K (developer price apporx. 8 years ago). Got offer at RM185K few days ago. The rental return is good because the studio units here are fully vacant already (told by one of the agents) especially at the higher level.

Having said that, if I were to sell my unit, it comes with 2 units of air-cons, ceiling fan, water heater, door and window grille, built-in kitchen cabinet and storage cabinet which amounted to RM20K.

It doesn't sound like it is worth selling at this moment?

Hi emm, not that bad for your investment returns.. what we mean to say here is that at all times, property investments are sure winner. Now it's up to you if you wanted to sell it now or hold it longer for future appreciation. If you have it rented instead, the same time you just let it appreciate more throughout the years to come..that would be equals to extra income in your pocket plus an additional proof when you need it to loan for your need to purchase another one.. Whatever it is though, and according to Chin, yes, it is YOUR CALL..