Bros who are thinking of buying properties here mainly to rent out. Only some areas are good, most aren't so great, at least not yet.
A bro of mine has several and most of his are terraces. His are $2500-$2800. He shared with me only has one family (his tenants) that he likes a lot (i actually recommended them to him if i am not mistaken) so always kept low for them. My semi-d neighbours has no issues with renting out at 5000MYR or more. These are fully furnished units, just sharing some experience in The Gateway, your mileage may vary.
I was able to rent out some units and some references:
The Gateway:
1. Terrace - $2600 MYR
2. Terrace - $2800 MYR
3. Cluster - $3600 MYR
All fully furnished with aircon units, curtains, dining sets, wardrobe sets water heaters, sofa sets, queen/king sized beds, lighting/fans, kitchen stoves, etc. Only things required are some shelves/cupboards and personal clothing. Average of 1-3 months within taking of keys to rent out. Rented without the use of agents except for the Cluster one as i wanted a higher price.
Bro I have some qns.
1. There doesn't seem to be a very huge expat population in JB. So where could this rental potential be from?
2. How long is the tenancy agreement?
3. What is the rental price range for semi-d in HH assuming fully furnish unit?
4. Is it easier to rent out a smaller unit like terrace/cluster compare to semi D? If so, does it mean longer waiting time to rent out for semi d?
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