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I have a condo located at PJ, my question is whether i should sell or rent out this condo. Which option will give me the best return? Details as following:

Purchase price: RM348,000
Initial loan: RM348,000
Balance of loan: RM317,000
Installment + Main Fee: RM1,800 + 250
Current market price: RM580,000 to RM600,000
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5 Answers

Zawana BT Zaidi Ana
Hi, My name is Morgan and I am a registered estate agent with IQI Realty Sdn Bhd. I would be most pleased to offer my services to assist you to secure a tenant/Buyer. Nonetheless, there are certain formalities to either of your requirements, and once we can get through all that, we can start marketing the property. Do feel free to contact me to share some pertinent information on your property for a start. I can be contacted over my mobile at - 012 682 0219  . Cheers and warm regards. Read More
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David Wong Lai Kwong
First & foremost, I need to establish whether your propertry is leasehold or freehold. If it is leasehold, how may years are remaining because there may come a critical period whereby a resale will be difficult and the price may be dampened then. Secondly, if your rental income is giving you a positive cash flow, you may want to maintain it as the tenant will be paying for the property that you will eventually owned. If not, you may consider selling it while you can because the monthly maintenance expenses which will increase over time and the bank interest rate will impact on the profit margin, if any. As more and more supply of condominiums coming on stream and the general buying behaviour of wanting new properties most of the time, the prices of older properties not expected to increase a lot over time unless there is another property boom period.
Should you need further assistance to sell or rent out your propertry, please contact me as I have a team of negotiators who can help.
Thank you
David Wong
Mobile: +60193330573 
Licensed Real Estate Agent E2097
QUANTUM REAL ESTATE - E(3)1320 Read More
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David Wong Lai Kwong
Have you decided on your option yet?
Do contact me if you need assistance as I am based in PJ
Thank you
David Wong
Licensed Real Estate Estate (E2097)
Mobile:+60193330573
QUANTUM REAL ESTATE - E(3)1320 Read More
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Greetings from Ohmyhome Realtors. We are able to assist you on this matter. For more information, you may contact or whatsapp us at 019-2665593  Read More
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