How to invest property in Kuala Lumpur - Part 13

Company always take property investment or become a property developer as a diversify opportunity. This topic we focus on a simple and more straight forward property investment. Many investors make an mistake here, they take investment like they buy their own house. They buy something they like, which they see from they become tenant themselves, and assume they like and it could mean tenant will like as well, and literally tenant will rent it. This mistake happens especially on those retailers invest into commercial shop and end up they force to become tenant themselves, and end up it could lead them into not profit making outlet.

The simple fact is, they don't know or another word to say, they don't have the knowledge to know what the tenant want? The fundamental to gain this knowledge is, you need to see more, do more.

This is a good jumpstart opportunity to those beginner investor with ready fund. A 10 fully tenanted condominium available for sale in Tiara Kelana. If you have 8~10m budget, would you like to choose to listen to your friend into a shop that cost you such amount? I believe most people wont bang their full sum like this, I will suggest you start from similar project like this.

What is this Tiara Kelana?
- A leasehold project with 79yrs+/- left. Is this good? Then is you homework to check how many freehold and how many leasehold condo in Kelana Jaya
- I will consider this is a low density. Different people will have different argument, I don't want to give further comment.
- Situated in Kelana Jaya. Is this good? Don't just listen to my said, you may refer http://www.theedgeproperty.com.my/my/content/kelana-jaya-raises-its-game

If you take property investment is a new business you would like to diversify into, what I have maybe sound interesting to you.

10 units which consist 7unit 1726sf + 3unit 1595sf. For sale 415psf or 7m. What is the rental return? each unit about 1800 to 2000+. Most people will critic low rental yield, even making losses from bank interests. I couldn't comment this no ending argument. This is similar situation I brought a prospect to see troika unit and that prospect bring a friend along. His friend seriously share with me he can use the troika investment to buy 40units flat. I can only say, different people may carry thought. I m not and I don't have the intention to change your thought. Lets come back to this opportunity here, as I said earlier, I see this is a good jumpstart opportunity to those beginner with ready fund.

Why I say so? There are many conditions come at the same time here.
- 10 fully tenanted. This is not often can get bulk purchase in secondary market, especially fully tenanted. People who place a doubt, please try to find other place
- Reasonable good location. Refer to the URL above, and this Tiara Kelana is within walking distance to Paradigm Mall. People who doubt on my previous comment, remember to find a project with similar location and a reasonable huge mall as same condition to compare.
- Well maintain condo, good design condo and good residential environment.
- Exterior wall repainted. If you experience join management committee work before, you probably will appreciate this is an achievement.
- 10units, business needs volume, this is a reasonable volume to scale up and scale down. Full tenant also good starting point to practice find tenant yourself than through agent, building up your resources to support tenant issues. Doing all these is more than cost saving, is to gain the knowledge of what tenant want, where the tenant is, how to exit in future.

Call me 0196529886 to arrange viewing if I brought up a matching here.