Jun 30 2010, 09:48 AM
QUOTE(flight @ Jun 29 2010, 09:35 PM)
looks like a bubble of sorts? I mean who are the people staying in these RM500k~ apartments?
30 year loan, at 90% monthly payments about RM2,400 per month, with maintenance etc easily RM3k per month. How many people are making that sort of money? Got hundreds of new units coming up with these sort of prices.
It might look alot of money to a single person, but don't forget now more and more young couples are opening up to the idea of apartments as a living place.30 year loan, at 90% monthly payments about RM2,400 per month, with maintenance etc easily RM3k per month. How many people are making that sort of money? Got hundreds of new units coming up with these sort of prices.
If you and your wife earns 3-3.5k a month, which is not that hard, you will have a combined income of 6-7k, taking out 3k per month, easily still have 4k to spend on others. It's not alot, but managable.
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