Nice write up.Inspiring..I owned a property in DP too..stayed there for a year and rent it out till now. It has been a cash cow ever since.1st tenant balik modal only (year 2005-2006). Now my 2nd tenant.Positive cash flow.Renewed tenancy with the same tenant in 2009 (rental increase) with no problem.Tenant are happy. Excited to see what Empire and DASH highway would bring to this area.I constantly got agent rang me up (different agent) atleast once a month asking bout my unit.As of now Im still holding it..

Same like u, I bought my property when my salary is 3K back in 2003.Relieved and happy that I decide to purchase that time and just took the plunge..All the best in your quest.As Donald Trump said, 3 important things when buying a prop..Location,Location,Location...

true, the decision is still from that person. your relatives might be wrong, but you are lucky to get a buyer maybe ? hehehe.

about the depreciate & appreciate matter, it is a very subjective area. of course in your situation you are lucky.

can gain appreciation, i didnt say no. But, not as horrendously quick as what some party might want it to be...seriously.

Location,Location,Location does not meant for affordable people only. Thats why there a need to do some study before u make up your mind..same like other investment. Why buy cheap share if u know it cannot grow..

When I bought my prop at DP, that place was nothing..only big hutan (orang asli just move out), the curve/cineleasure/commercial all not there yet..access mainly from LDP (small turn from the main road). No persiaran surian and surian tunnel. Connecting to Kota Damansara by a small road. basically nothing. if u come visit this place 10 years ago, U know what Im talking about. I did a research, ask around, only then I know I will be neighboring mutiara Damansara which will be develop by Boutead group. When to their office to see the master plan, and see that all commercial (big shopping mall/biggest Cinema/premium showroom etc)..Although this is only on paper, they confirm me its a 'sure' thing..I see the bright future. That time they used to call it PJ Golden area (until now actually). After all BU is just nearby and TTDI was already known that time. I know DP can take advantage of this.To be honest KD has more potential (upside appreciation) but since it was to deep inside from main access road (LDP), I opt for DP. Congrats who bought KD that time..  

With merely RM800 extra money at that time for mortgage, I asked my GF  (now HM with 2 kids ) to join loan. We manage to get the prop.. paying RM1200 to the bank..Refinance the prop in 2007 to get extra money to buy my 2nd prop. Now paying bank 1350 and rent my unit at RM1800.

So again I reiterate that Location,Location,Location is not for wealthy people. "Matured Location" is for wealthy people. The trick is to find 'potential location'.

Do not get too attach with emotion when buying props..Although if for own stay you might consider this too, a little bit (nice designed/good layout/beautiful landskap etc).

Same thing with share. Buy company before anybody heard about it...If you have AAPL share 15 years ago, you'll be smiling to the bank by now

hehehe...yes2..correct.. ..a bit subjective..to find it is like an art..but with little bit of luck too...hahaha..dont worry so much lerr..Apart from Bkt beruntung, I never heard anyone sold a house with a loss..atleast breakeven if the location is wrong..

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Added on May 17, 2012, 4:25 pm

i thought recently mont kiara property depreciate ????? actualy a lot of places also depreciate.

actually even without this loan tightening, fresh grad is as usual hard to even buy the properties...let's be very honest. I mean in this property talk itself also people are asking for properties below rm300K and that is they already work for a few years...what more fresh graduate. i have no intentions to make those house owners mad, but price depreciation is inevitable, however, the rate of depreciation is really insane. and that is the very root of all this property owning problem.

Maybe Malaysia should be doing like what China is doing...puttting a mandatory for all the citizens to only own 3 properties, the rest you have to sell it. But if this happen, a lot of millkionares in the making will become bancrupt just like what happen in China 

up to 30% only allowed. but they for sure wont invest in Flora Damansara. Security definitely cant replace Location, no matter how much anyone here wants to debate about it. The lo cost house, virtually anyone can stay in it...it is too affordable to "foreigners". and some foreigners are really retarded people, im sorry but it's true.

Yeahhh...But I dont think it goes down until the cost/purchase price (developer's price)..if buy sub sale maybe affect little bit

U miss out on the upper portion. I got the unit for free + RM13k cash!

every mth nett cash out flow (inclusive of maintenance) = Rm50.00

RM13,500 / RM50 = 270mths = 22.5 yrs (provided rental remain constant)
Even if tmr the market crash, it doesn't affect me! Calculated risk
In investment its not how much u gonna make, its how much risk u r exposed to! 
Just a share of tots!

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Added on May 18, 2012, 12:32 pm
Investor Point of view, there r demand for rental.

Buying for own stay, what other choices do I hv? Wait further?
Just my tots!