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

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:


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.