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

I am considering selling my failure investment property in Saujana Utama, Sungai Buloh which is under Glomac Development. I have bought the property 10 years ago with 143k and seems that the properties market value are \"frozen\". Should I sell off the property or re-finance it for new investment? Your opinion and recommendation are most welcome. Thanks

Without doubt sell. People often dwell on their mistakes. They hope and hope that the market will pick up and they'll make their profit.

Instead they could have bought something way better and made far more money.

Just sell if you can...

Agree with Andrew's opinion. Just sell it and use that money to reinvest in other hot areas in KL.

Wish you good luck and have a good return in your future investment.

Regards.

Thanks for your advise, Andrew and China Coin. Currently my property is under tenant which below my monthly instalment. Should I terminate the tenancy contract which shall be ending soon first before I sell the property? Furthermore, please advise if there are any properties in the market which is possible to make a 5-7% return? Thanks.

Kai Chong Chan

If your tenant allows viewing then let the tenant stay. This is the best option as you are still earning rent and the house looks nice when you are selling.

But if the tenant is difficult then perhaps remove him/her. The problem with removing the tenant is that you then need to sell fast as you are losing every month and the house will look bare.

Sadly, I would say it is pretty hard to sell the property even after the UiTM is nearby.