A good investment is one that can earn you additional income over a reasonable timeframe. That’s why property, if chosen correctly, is considered a great choice to invest in by many.
Investing in real estate can potentially earn you enough money to cover the loan repayments, as well as the maintenance fees, and repairs that come with owning a property. If you’re lucky, you might just be able to make a little extra to set aside for emergencies too!
Apartments and condominiums that are priced affordably can serve as a good entry point for first-time property investors.
However, buying a property is no small matter, and that’s why due diligence and care has to be taken to select properties that fit your needs.
If rental income is the goal of your investment journey, then look for a property that offers a consistent rental rate over a period of time.
To help you navigate the property market in Selangor, we’ve compiled a list of Selangor condo developments (arrange alphabetically) that have recorded consistent average median rental above RM1,000 (from 2016 to 2020).
1) Alam Idaman (Average median rental: RM1,230)
Alam Idaman is located along Jalan Mawar, in Sham Alam. This 21-storey freehold apartment consists of 326 units plus a two-storey retail podium.
This Shah Alam condo offers facilities such as BBQ area, playground, a badminton court, kindergarten, childcare centre, study room, sauna, multipurpose hall, and more.
Alam Idaman is also conveniently located near many eateries, education institutions, and healthcare facilities. In terms of accessibility, Alam Idaman has direct access to most expressways.
This includes LDP, NKVE, Shah Alam-Puchong highway, Elite, Kesas, and Federal highway. The Batu Tiga KTM station is located 1.6 km away from the residence, making it an ideal location for renters who want easy access to public transportation.
2) D’Aman Crimson (Average median rental: RM1,260)
D’Aman Crimson is located in Jalan PJU, Petaling Jaya. With a total of 1,068 units, this 21-storey freehold apartment offers real estate investors the option of built-up units between 845 sq ft to 2,455 sq ft.
The facilities on offer in D’Aman Crimson in Petaling Jaya include a swimming pool, badminton court, playground, gym, and a jogging track.
One of the more unique facilities is a library, where parents can indulge in some leisurely reading while the children play safely outside.
D’Aman Crimson is just a six-minute walk away from the Lembah Subang LRT station and the NZX commercial centre, making it easy to access malls, eateries, hypermarkets, healthcare facilities, and education institutes.
3) Main Place Residence (Average median rental: RM1,346)
Nestled in USJ, Main Place Residence is a freehold development that consists of four 25-storey blocks with 1,211 units. Investors can choose from a built-up area of between 418 sq ft – 1,535 sq ft.
Among the facilities residents can enjoy include a gym, swimming pool, sauna, launderette, multi-purpose hall, BBQ area, badminton hall, playground, and 24-hour security.
Access to Main Place Residence is made easy via the Federal Highway, KESAS, NKVE, ELITE, NPE, and Subang-Kelana Jaya elevated highway.
When it comes to amenities, convenience is at the fingertips of residents with banks, clinics, and supermarkets surrounding the development.
This development is ideal for families with young children as there are around 15 schools nearby, plus a host of tertiary education institutions like SEGi College, Taylors College, Metropolitan College, INTI College, Sunway University, and Monash University.
4) Mentari Court (Average median rental: RM1,005)
Located in Bandar Sunway, Mentari Court is a leasehold development that consists of four 18-storey blocks, with a total of 200 units.
Each unit has 3 bedrooms and 2 bathrooms, with a total built-up area of 771 sq ft, making it perfect for property investors looking for students or young working adults to share a unit.
Facilities for Mentari Court residents in the condo include a swimming pool, jogging track, as well as a badminton and basketball court to keep fit.
Accessibility is great with the development located close to the LDP, New Pantai Expressway, Kesas, and Federal Highway. It’s also surrounded by mature townships like USJ and Puchong.
Here is an ideal location to attract international and local students as renters, being located close to Taylor’s College, Monash University, Sunway University College, and The One Academy.
5) Rhythm Avenue (Average median rental: RM1,130)
Rhythm Avenue is located along Jalan USJ 19/1 in Subang Jaya, and is a 20-storey freehold development with a total of 1,036 units.
Residents of the four blocks can expect to enjoy facilities such as a squash court, swimming pool, jacuzzi, sauna, multipurpose hall, cafe, gym, and 24-hours security.
Rhythm Avenue is also conveniently surrounded by a host of amenities such as eateries, mosques, petrol stations, churches, hospitals, and reputable tertiary institutions, bringing convenience to the doorstep of residents.
Access to public transportation is easy, being located close to the Batu Tiga KTM Station, Mentari BRT Station, Lagoon BRT Station, and SunMed BRT Station.
Those who prefer to drive will be pleased to know that this development is located close to the Federal Highway, KESAS, LDP, and NKVE making it a desirable location to live.
6) Suria Jelutong (Average median rental: RM1,170)
Set in Bukit Jelutong, Shah Alam, Suria Jetulong is a mixed development comprising commercial and residential units.
This freehold serviced residence has two 13-storey blocks with a total of 666 units. Units range in size between 450 sq ft to 1,377 sq ft and each unit comes with one car park lot.
Suria Jelutong offers facilities such as an indoor gym, function halls, BBQ pit, infinity pool, reading room, mini library, sauna, and much more.
The Bukit Cahaya Forest Reserve and the Sultan Abdul Aziz Shah Golf & Country Club make great selling points for potential tenants who have an appreciation for time outdoors in nature.
Those living here will also enjoy the convenience of having many amenities nearby such as eateries, banks, petrol stations, and a mosque.
Another great selling point is that this development is easily accessible via the Guthrie Corridor Expressway, ELITE Highway, NKVE, KESAS, and the Federal Highway making connectivity seamless.
7) Trefoil @ Setia City (Average median rental: RM1,095)
Trefoil @ Setia City is a freehold development set in the middle of a bustling central business area.
The development consists of two SOFO towers, standing at 35- and 36-storeys respectively, with four different layouts to choose from.
Trefoil @ Setia City is conveniently surrounded by all the necessary amenities like eateries, supermarkets, banks, and petrol stations.
Some of the facilities that residents will be able to use to keep fit or relax after an intense workout include a swimming pool, jacuzzi, pool decks, steam room, tennis courts, jogging track, recreational decks, and reflexology paths.
Trefoil is also well-connected to other parts of Klang Valley via the NKVE Setia Alam Interchange, Shapadu Highway, Federal Highway, and the North-South Highway.
8) Vista Alam (Average median rental: RM1,160)
Vista Alam is a leasehold serviced apartment located in Shah Alam. This mixed development consists of two 16-storey residential blocks with 512 units, three storeys of offices and retail shops, and two blocks of 16-storey SOHO towers.
Residents will be able to enjoy many different facilities provided by the developer such as a swimming pool, sauna, mini market, playground, gymnasium, cafeteria, business centre, and BBQ pit.
Getting daily necessities is also a breeze with shops nearby offering everything from F&B and groceries, to medical care, and banking facilities.
Vista Alam is also located close to several higher learning institutions like PTPL College, Management & Science University (MSU), and University Technologies Mara (UiTM), making it great for investors who want to target students as renters.
Here’s a quick comparison between the properties above that have recorded stable rental prices of RM1,000 and more, over the last five years. Click on the project name that interests you, to begin your search for a property to invest in.
We hope this insight will help inform some good investment decisions as you expand your real estate investment portfolio.
Remember to always do your own research and carry out due diligence though, before deciding to invest in a property. Good luck!
Relevant Guides:
-
Can You Buy A Property With Dogecoin/Bitcoin In Malaysia?
-
3 Areas For Investment Property In Klang Valley With Highest Appreciation
-
The 11 Best Neighbourhoods For Living In Selangor!
Keep Track of New Launches
Visit our new launches page to find the new launch project of your dreams and submit an enquiry today.
Disclaimer: The information is provided for general information only. PropertyGuru International (Malaysia) Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.