We believe the only reason for condos in JB to appreciate is the demand. As we discussed in our article Why apartment can be the best real estate investment? demand on apartments and condos in JB is expected to increase in the near future. We have seen the same phenomenon in other cities like KL and Singapore.

The location and environment of Putri Indah are nice although the property is quite old. If you are interested in the unit, just offer the vendor a price which is much lower than what you expect and see what’s the response.

Cheers

Tks for yr prompt reply. The unit that i’m thinking of buying is on the 7th flr.It has lifts.Would you classify it a s an upmarket condo? Is or will there be any capital appreciation for the condo.With IDR coming up do u foresee condos in JB appreciating? How can I further negotiate on the price. Appreciate yr help. tks

Based on the current rent of RM1700, less the maintenance fee say RM330 per month, with capital rate of 6%, the estimated value for the unit is RM274k only. (You can read our previous article How to estimate the value of a property? to learn the simple way to estimate the capital rate and value of a property.)

We have viewed two units of Putri Indah condominium in November 2008. One of them was a walk-up unit (without lift). We are not sure yours is with or without lift. At the time, we were offered RM330k for both of the units. And we walked out from the deal because we believed that the price was too high to us.

However, this condominium is located at a quiet and yet convenient place close to the new custom checkpoint with less than 70 units in two low rise buildings. The management is stringent. No motorcycles are allowed in the premise. They even require owners to seek their approval before they can rent their units out so as to maintain the quality of the residents there, which we don’t find it friendly to be a rental property.

Cheers

Pls reply.tks

Cheers