In this letter, a codebook based multiuser MIMO precoding scheme is proposed for a space-division multiple access (SDMA) system with limited feedback. Focusing on the case of SDMA systems with two transmit antennas, a precoder codebook design is proposed based on the idea that a precoder inducing larger fluctuations in the signal to interference and noise ratio (SINR) at each link can lead to a larger gain in terms of multiuser diversity. It is shown that the proposed multiuser MIMO precoding outperforms existing multiuser MIMO techniques in terms of the average system throughput.