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V11 - Property Prices Discussion, Intelligent debates only pls
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ReenaRina
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 Jul 9 2013, 05:12 PM
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New Member
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Hi. I am looking to buy an apartment in Putramas, dutamas(Segambut), Jalan Ipoh/ Jalan Kuching area. At present I am renting a fully furnished unit for RM 2000/ month in Royal Domain Sri Putramas 2 (Off jalan Kuching). As my budget is well below RM 500k ( only because of the property market of course!) and most decent apartments in these areas are costing beyond RM 500K including Sri Putramas 2, I am sort of in a serious dilemma especially after BNM’s announcement of capping the loan term as well as percentage given.
1. Will the property market take a slight dip? I am now seriously hunting for a buy, therefore should I wait or should I just go for it?
2. I have seen a unit in Putramas 1 yesterday. It is 1100 Sqft and fully furnished(decent furnishing) with renovation as well as with 2 car parks. The owner is asking for RM480K. is it worth paying that price for that property.
I hope someone can give me some clear insights on these. Thanks so much!
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ReenaRina
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Jul 9 2013, 06:35 PM
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New Member
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QUOTE(AVFAN @ Jul 9 2013, 05:57 PM) u need to do more homework. 2k can get u a bigger condo in dutamas, so many of them. if buying some 1500sqft ones r within yr budget. no rush, go talk to more agents, read up. Well you are right..but most of the big condos there are quite old (year 1995 onwards) and most of them are badly maintained. There has to be some sort of reason for paying the monthly maintenance fee rt? I did speak to quite number of agents ( all are putting their price  ) and so far viewed about 15 units. Nothing was reasonable or satisfying. Anyway maybe i should wait a little??? |
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ReenaRina
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Jul 9 2013, 06:40 PM
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New Member
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QUOTE(joeblows @ Jul 9 2013, 05:30 PM) Of course you should wait. Theres a strong possibility of price pullback in the coming months. Even if there is no price drop, in the wildest most optimistic predictions of the self-deluding UUUUU camp also they only forsee tiny modest increases in property or stagnant - like 1-2% per anum. Your budget can definitely grow faster than the property price most optimistic projected increase. So far as you are aiming for condo, there is a lot of new VP units coming online for high-rise. Especially in 2014/15. So do think for a few minutes about the probability for the future here. Something to ponder about...i am just concerned that i am paying high rent and instead of that just pay that money as monthly installment ( it could be my typical malaysian mentality????) |
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ReenaRina
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Jul 9 2013, 06:45 PM
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New Member
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QUOTE(tikaram @ Jul 9 2013, 05:27 PM) u like it? need it? can afford? try buy that partial furnish up to 420k. good luck honestly, i do not really like Putramas 1 as having stayed in Putramas 2 which is much better in terms of standard, facilities and maintenance...however budget is a factor also location too..if i am buying a plain and basic unit, i need to fork out my own money for furnishing and stuff unlike a decently furnished unit with same bank value...i could just manage it by paying off monthly. I guess you can't get all in one plate.. |
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ReenaRina
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Jul 10 2013, 06:07 PM
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New Member
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QUOTE(kimsong @ Jul 10 2013, 01:44 PM) He/she renting a house for RM2K/month? I think he or she must be crazy? Why don't rent a room? Why a house? Seriously, a room at RM250/month rental is still available, and it was not far from KL.  Just don't understand  Hahaha i can't rent a room because i have a husband and a son living with me. Guess it must be crazy for 3 of us to live in a room  |
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ReenaRina
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Jul 11 2013, 05:41 PM
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New Member
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QUOTE(kimsong @ Jul 10 2013, 10:13 PM) It is still possible if you have a big room (like a master bed room) and a baby. My family and I, three of us, lived in a medium sized room for months! Back to your situation, if you have extra rooms, you may want to consider to rent them out. Perhaps i am not that desperate |
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