if it's 300k per unit then senang la.. if you are talking about 500k onwards.. you will need to feed at least rental of rm2.2k or so.. average rental even for expat is approx rm1.5k - rm1.8k.. anything higher they can just find those @ rm1.8k

Kind of frustrated when looking at property prices now, always the good ones are just right out of reach by about 120k....

I can comfortably buy a house about 540K - 560K.... but the bare minimum for houses that I like have always been in the 640K to 690K at least on propertyguru...

Is it realistic to expect future new launches will give prices within my range?

As a rough benchmark the house that have the bare qualities I love are the Ayu Impians http://www.propertyguru.com.my/property-li...r-sale-2997269#

Just curious, to your point about RM400K being not too affordable and RM500K pushing the limits... what kind of unit sizes are these in relation to? As I remember a post mentioning that 700sq ft condo (so called) already going for RM500K+... just curious whether this would be categorised as "being not too affordable" or "pushing the limits"... Just to see some consumer feedback.

Rooney, the calculation is base on net income of combined husband and wife. They can choose whether to live in a small place with designer concept built up or big run down flat.. If one play by the rule of average income of Malaysian I don't think we would go wrong anytime soon. It's only when ppl start to goreng those beyond the average standard Malaysian could afford then the risk would increase exponential.

BLR is going to increase next year...
Will you all think property price will fall?

I have intention to purchase a unit for my marriage...
very tight budget...

if speculating will fall, i shall wait till next year

This post has been edited by Singleon: Aug 13 2013, 09:38 AM

So you're saying that 400K is a bit not affordable and 500K is pushing it, and this is a generalised amount for the combined net income of husband and wife??? And that the affordability factor (i.e. 400K being a bit not affordable and 500K pushing it) has got nothing to do with the size of the unit???

So does this mean that in your opinion, you feel that whatever the property, big, small, designer, concept, landed, condo, etc... that anything that is priced 400K is being a bit not affordable and 500K is pushing it??? and also implying that the average standard Malaysian ceiling of affordability is 500K, regardless of the property type, etc ,etc...

thanks... for feedback from consumer.

Rooney yes. That's my opinion. If your salary stay stagnant the only option for you is to opt for smaller places or places which is further away from town. Personally I'll still prefer places within the vicinity of Subang Jaya. I would not waste time looking for bigger units in Kajang or Semenyih. Again it's back to individual and their affordability level. You might think it's not true but in the long run if you are playing save within this margin the tendency of things going wrong would be much less of a risk.

It's all base on individual risk assessment towards their investment.

Since the 5th unit is paid for by 4 subsale, whether rental is rm2k, rm1.8k, rm1.5k is free money.

There is something call DIBS, nothing to pay until handover and hopefully subsale. It is as close as god given money!

Thanks for your feedback

Fall or not, u still need a house for husband and wife. It can fall maybe, but house can increase too. My opinion, maybe stagnant.

BLR going up by 0.25% will have little effect on buying sentiments. After all, its just an increase of maybe RM50 per month or less. Prices will continue to rise at least until 2015 i think. From then on, its anybody's guess. If the financial sector and Malaysia's economy is still strong then, there will not be a slump but i think that the property market is due for a correction in 2016/2017 at the rate things are going. But how bad will the correction be and which areas will be affected is again, anybody's guess. I would think that new launches that were priced much higher than existing property in that area would be hardest hit as their prices will not be sustainable especially if the investors are those with little or no holding power to weather storms.

Correct. U can always buy cheap big big houses somewehere in Sungai Besar Selangor but it is almost 100km away from KL. So preference, do you want it or not, that is the question.

Selangor is a big state. Dont think of Shah Alam and Subang Jaya only.

Kajang is quite decent, but yeah not my cup of tea.

Just second thought of budget
Because we are first time buyer we are not sure what is the best price. As I see all prices are shitty high
We need a house in the end.
Can jimat then jimat few "k" la

Ya,
Because we just starting to build a family
Everything is ringgit and cents.
Since now is almost 3rd quarter. If some guru did a very precise research or speculation
It would be very beneficial
If can tahan until next year lo.
But no one knows what will happen ... Next day.

unlikely
better buy now or sorry.

Singleon, you see why ppl are complaining these days was because they are expecting to purchase houses in PJ for less than 300k. Decent and nice.. but the question is.. where do you find the land to build homes in PJ?? Do you think those who are staying in PJ would be willing to sell you at a discount of 50% or so? Never I would say.. So location is pretty important. However if you opt for location then be prepare to make some sacrifices.. smaller unit.. high dense area.. limited parking space and so on so forth.

If you would want best price you would need to look at outskirt.. even places in puchong you would need to look for it at the far left corner like puchong south or taman tasik if you would want it to be cheap. It's pretty hard to use the word "best price" as a factor in property purchase. Houses in Setia Alam was like CHEAP way back in 2007 - 2009 who dares to buy there? Well tons of Klang folk move on from Meru to Setia Alam as they have better township and everyone likes the G&G. again places once sold at less than rm300k were not double the value. Upcoming ones would be Semenyih, Kajang, Sentul???? maybe?? Sungai Buloh and so on so forth.. Heard of Puncak Alam? They are building there as well. Time to scout for these places I would say.

Those selling at Rm500, rm600, rm700, rm800 psft... I would avoid at all cost.. Not that you couldn't afford but they are just too risky for us.

Thanks for sharing

Exactly! we can't predict the future so let's focus NOW and get what you need. Perhaps you could setup a fomula for yourself.. like eg for me:

30% is used for property home loan repayment. - this would give you an ample buffer incase shits happen you could stretch it to 35%, 40% and to be continued.
9% is used for hire purchase repayment. - calculate them to include your roadtax and insurance as well so you do not need to worry whether you have the money to pay or not when time comes.
3% is used for insurance.
3% is used for PTPTN repayment.
15% is used for monthly expenditure. includes makan makan, jalan jalan.

For my case my other half is paying for the utility bills and other etc so I just focused on this figure and play by it. The rest is used to save up for rainy days and also for more bullets when time comes to reinvest the money. Reason why I don't use all up to finance my property it's because you have to factor in the risk... incase shit really do happen you could stretch the 30% > 40% or even 50% and you will still live like normal with less savings perhaps.. Reaching 60% is just too dangerous.

Nothing is cheap nowadays, that's the problem for 1st time homebuyer, at least you know the reality and trying to find one rather than emo

Be wary of tricky and greedy agents... especially those that behave like sales people when they speak... high chances they are agents/ flippers looking for a quick buck... But having said that, if you do your homework and look around in the market you maybe able to find some good buys... not many at the moment but my opinion is there will be more to come... good luck!!!