This would be my first post in Prop Talk, newb in properties and I definitely will need some opinions from all you prop sifus here..
I'm buying my first home soon, initially planned to buy at Bandar Warisan Puteri, Seremban (Seri Pajam dev), single-S Semi-D w/ 4r3b priced at RM290k (after discount). The place is really quiet, low density, and told by sales, bout 30-40% buyers are from KL.
After lots of consideration, I skipped that prop as it's a lil bit far from town . It's meant for my parents to stay and it would be a lil inconvenient to them later on.
Anyway, back to the topic. I'm looking at Summer, S2 Height which is still under construction. Would probably be ready in the next 1.5 years. Currently released first 3 rows for sale. I've chosen 2nd row where most chinese are staying.
I'm paying RM301k for a double storey link house with land area of 20 x 70, built up is 1,846sq f . Is this price OK? Yes, it's 10k more than the semi-D which i initially thought of buying. But my thoughts is, paying a lil extra for the sake of convenience is alright since S2 is a planned and developed township.
I need opinion from you guys on the loan part. They've offered a flexi and a fixed rate.
Basically BLR 6.6 - 2.4 ... if BLR goes up, definitely i'll suffer later on, but if i can settle earlier then at least i don't need to pay too much for the house...
as on the fixed it would be at 4.85%, i'll be paying higher at first and would be at ease if BLR goes up alot throughout the years..
each has it's pros and cons and i really don't know how to choose since i'm a first time buyer.
And also, should I just opt to serve the installment straight, rather than to serve interest base on the progressive rate ??
Hope you guys can enlighten me on this and share your thoughts... =)
This post has been edited by melz84: Oct 12 2011, 12:42 PM
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Summer - S2 Height, Seremban 2, Need Opinion~ Anyone buying here? (Investment)