Hi guys,
I got the plan to buy a house/Condo in 2(1/2)-3 years later and i hope can get 2++room and 2++bathroom as i dont really stay
because i just bought the property for my parents for retire and my sister staying so 2-3 room is enough
but the problem is
-where is the best place?Budget 450k but i dont mind used or new
(Kl-too expensive for me)
(Penang-I love it so much especially my parents can hav their retire life n lots of food plus nic view)
(Ipoh-Not too bad as got food and lots of retire person there plus a lot of old kopitiam all)
(any other option?)
-Paying 150k for head payment is it ok?
-By that time i am only 20 years old so is it possible for me to get loan and i got 8k salary per month


Thats all for my question and is it a good invest for Penang times square?
Thanks a million for those who help me

150k head you mean downpayment?

normally you only need to pay 20% and get a 80% loan.

i.e. if your budget house is 450k,
20% = 90k

just pay up 90k,
keep the rest for maintanance and to furbish the house.
20 years old only? means your loan will be around 30 years and montly installment will be quite reasonable.



8000 per month salary? wow, may I know what you work as? Or is it you work in Singapore?

That means you were below 20 y/o and your income is so high ?

no need to worry. 8k is more than enough..

RM8k monthly salary could afford you RM600k property.

Ok..sry its downpayment.
Loan will be 5-7 years max since i dont want kena tarik or later i susah
I work in Ireland and i got place to stay in there so eat and staying wont be a problem for me
Anyway normally how much is the interest?

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Added on June 7, 2010, 7:19 pmYeap end of the 2012 still 20 years old till 3rd quarter of the 2013

This post has been edited by MRS.CHIN: Jun 7 2010, 07:21 PM

u think no other commitment meh?
minus epf, income tax, then food, petrol, car loan, car maintenance, own savings, get gf and some spending there, own personal spending once a while.
to be comfortable, 450K property should be ok for 8k income earner. buy what u can afford and dont be slave to loans.

wow.. 20 years old by then )
rich
it is alwiz good to plan ahead ... got mine around 10 K salary previously but aiks... all gone nowhere lolz...

Agree although i dont have so much things to maintain but i only got bus fee and food and own personal spending a little bit only
Anyway if possible to get cheaper plus valuable

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Added on June 7, 2010, 7:57 pmHow come bro?
Keep it up without giving up and you will get back

This post has been edited by MRS.CHIN: Jun 7 2010, 07:57 PM

I believe in two years time 300k++ house in Penang/Ipoh should be sufficient for 3 rooms and 2 bathrooms. Makan also cheap there.
I would recommend housing areas near Jusco and Pengkalan Tesco in Ipoh.

worr.. 20 years with rm8k per mth work at ireland,.

Strictly speaking on bank loan affordability.

One's lifestyle. How he/she spend on clothing, food, want to drive ultimate posing machine or whatever is none of my biz.

lol
Currently i jus past my 18 birthday 1 month ago and i believe if there is no probs my salary will raise until there since now i got 6k

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Added on June 8, 2010, 7:46 amNah.....Finally i made my decision to get in Penang only since it has got better scenery,better entertainment life plus a lots of food

This post has been edited by MRS.CHIN: Jun 8 2010, 07:46 AM

may i know which line u doing? mind to share? might help me or anybody here to improve their quality of life.

i don't mind but I can't tell you which line
I only can tell people who works in Europe and salary will get from rm5.5k normally but it's quite hard since you hav start everything again

do u have payslips overseas and bank statements or else cant get loan wo..

I do got bank statements,payslips and everything overseas

For penang, times square is way too congested with no view and in the middle of the city. Even the mall is like half dead. If you like convenience, in an older neighbourhood, then you will like times square. Near to all the hawkers and pasar if you know what i mean.

For me if I am buying a nice luxury condo in Penang, the area I am eyeing with good future development will be around Queensbay area. Got a nice big mall and hypermarket nearby. Lots of landed shops and commercial activity, your standard kopitiams and up-standard restaurants. The entire area is just well planned out. Plus you get a nice view of the Penang bridge, the sea (strai of penang) and pulau Jerejak which is now a upcoming vacation centre. If you like sailing, there is a marina nearby as well. For rental the area is very very near the free trade zone, where most expats works.

This post has been edited by gark: Jun 10 2010, 09:33 PM

Hmmm..you makes some sense too and i will considter about that since i got two years to look at that
Well,how about the twin tower?but its quite expensive and any recommend condo around under 450k?

In KL, rm450k for a good maintain or brand new high-end condo is not sufficient nowaday. Furthermore, the property price seem like still keep increasing.