I found a 18X65 sq.ft property in Taman JP Perdana, Austin, Johor. The property is a second hand but brand new property, selling at RM295K with wire fencing + guard. Considering the price, it's cheap as nowadays, a 20x70 sq. ft property here cost around RM400K. The developer for this housing project went bankrupt few years back. It was then revived and the property is now completed. I am kind of worried there will be future problems.

Secondly, the property agent told me that I need to pay around 2.5% of total property value for SPA fees and another 1% for agent commission. That will cost me around RM10K. I read Agent Fee that the 1% should not be born by me. Is the agent taking advantage of me.

Besides these fee, what else of expenses should I know of?

Thirdly, I also found another property nearby the first one. Same size but different developer (better established developer than first one) with brick wall fencing + guard. This one is a new property and will be completed in 2014. It's selling at RM363K inclusive of SPA + stamp duty. My dilemma, how would you choose if you are me?

Buy the new one, if u nop hurry to stay, better developer is much better.

Yea. I am not in hurry. It's slightly above my budget though.

yeap,you're not obligated to pay the agent's comission/fee whatsoever because its not you that engaged his/her service at the first place. it is the owner that uses his/her service to sell the house. the link that you provide says it all.so,don't pay.

Other fees that you have to know is stamping and legal fee for agreement/SPA. I'm not sure whether it is already included in the 2.5% as quoted by the agent. And lastly the valuation fee in order for you to obtain your housing loa later. Based on the property price (RM295k) the valuation fee should be around RM300 something.

Better to go for the 2nd house if both are still under construction.

I see.thanks.I am not sure as well on what is included in the agent 2.5% she told me.i think i will contact her again

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Added on July 16, 2012, 6:33 amThe second hand unit is already completed. I can see other house owners moving in. The new unit is just at planning stage at the moment. Show house is not ready yet.

This post has been edited by staind: Jul 16 2012, 06:33 AM

Pls stay away from Jp perdana if u can. I'm assuming the 2nd property that u intend to purchase is either by spsetia or mahsing group. And even though rm295k sounds cheap, try to get the bank valuers valuation of the house before signing the spa.

It is cube 166 type. I think it is not spsetia or mahsing.it was an abandoned project previously. The 363k is at la gardens.

I suggest the first one.

1) The property already completed
2) Other are moving in
3) It will immediately save you some rental / generate some rental meaning you will be alble to cover the spa and 1% agent commission. ( I think u don't need to pay the agent commission)
4) You also have this safety margin 68K ( 363K less 295K ).

You also need to standby loan agreement fees.

This post has been edited by tikaram: Jul 16 2012, 02:50 PM

agree with tikaram. first house for immediate cashflow n more liquid within this three years. first house price probably increase already before second house vp.

Talking about Johor agent fee, if I remembered correctly, Johor practice is really like that, purchaser and vendor each side bear half ... Any Johor situ can affirm this?

Go for JP Perdana. Should not have any problems as subdivided titles are out.

Glad to see some bro saw this gem in this southern part, hope the singkie don't come goreng goreng here yet!
Anyway, bro which want you refer to, there's 3 type in the area?

JP Perdana

Cube166

LA Garden
But, I think of all the above LA Garden Price is the most cut throat as almost as par as Sp Setia.

This post has been edited by mof168: Jul 16 2012, 07:37 PM

295k is cube 166. 363k is the newly launched ak10 and ak11 type at la garden.

As for the first house, if you like it, serves your purpose for the present then go for it 'cos the house is ready for occupation. If you can wait till 2014, the yet to be built house will also be a good option even though higher priced than the completed unit and maybe for good reasons ( developer with good track record, a brand new house, matured neighbourhood in a good location with good infrastructures etc. etc )

Cube 166 looks nice