Ppl with that kind of standing should have no problem purchasing any prop.. these are upper mid class achieving rich class..

make the very best use of the 1m plus.. outskirt project stay away.. mont kiara also  stay away.. buy college areas high rise.. like IMU..

yes, by all mean, if ever still possible, GO FOR FIXED RATE.

Actly is depend on ur financial planning. Is the fix rate with flexi loan package ?

do they practice 70% MOF for 3rd residential loan?

I m sorry bout the IMU.. rm 1M is aroung 4.2 k monthly depending on banks.. and assuming 10% downpayment.. for 35 years..

if you are not middle upper class.. how can you afford? 4.2k montly.. nett around 13k.. gross 14.5k? Individually unless joint purchase. Btw..you may afford to pay monthly now.. u must think 35 years down the road... coz interest fluctuates could end up paying more than 4.2k monthly.. you do know that after 35 years you have sucessfully serviced 1.7 million extra of 800k..

for joint case... u may want to consider if family members are able to joint together for 35 years I mean u know not the affordability.. relationship wise.. for wife then no problem..

with 1 million budget u can get semi d or bunglows.. east park 72..bandar mahkota cheras..

1st house already 1m+ 

so envious 

I tink is a risk.. unless ur nett breach 10k individually.. along 35 years... u get married.. children expenses monthly.. insurance fir your new car.. 35 years ur car scrap metal di.. and other contingency... surely during perayaan use more than less..

do you have savings then? Remember ur salary increase unless more than 500 yearly will not enough to cover the inflation..

upon satisfy the above.. in my view you can choose to buy.. check with the bank on your availability to get 900k... then proceed..

kinrara.. putri puchong not bad 3 storey superlink.. guarded gated..

my 2 cents.. I really doubt 26 can touch 10k.. nett.. unless u are d exceptional.. channelling everyting to service the loan is proven to be fatal just one tip you will fall to pieces without savings and etc...

well well another junior member of LYN... hopefully not having 2 accounts:

fact 1: developers as usual as malaysia boleh land can bring back DIBS in a backdoor way in any form of rebate.. this also show most of flippers have limited cash and holding power due to the need of bringing back DIBS... BARE IN MIND that in the secondary market DIBS will never be rebate by the agents/flippers/investors right? is n't it deter ppl from absorbing your secondary market? correct or not this game developers also aware that the property market needs DIBS

FACT 2: hope holy god will assist you of earning 70k less 30k? or it the other way around? factoring the 30% into the selling price? the appetite of the investors has been very sumptous prop 450k flipped 750 ( all targeting at least 200k nett profit)

fact 4: yes in primary market.. but all are investors intending to flip that resulted property sold but vacant...

fact 5: because when it reaches the 750k mark and above... ur pool of buyers (please read the salary discussion which have been addressed in depth) shrinks to only middle upper class.. and the rich (these are flippers).. so how all of a sudden malaysian majority are middle upper class earnings?

are u saying that the cooling measures are in fact to promote BBB rather that DDD? OR STOP speculation?

Ceh, that field, 10k++ at 30 is also possible.

no surprise.. this is bolehland anything is possible.. kinrara is upper middle class area... 3 storey superlink can reach 900k or more in kinrara

i think who need broadening is quite clear.. ur friend never tell you that many property are sold BUT VACANT?

and the climate is so good to BBB?

how many percent of these ppl in the pyramid system despite you claimed that it is "many"? suddenly all properties are meant for these group of ppl izzit? even outskirt? wah your pool of buyers are only upper middle class wor...

so suddenly every malaysian are upper middle class?

Why household debt is still over 80% of gdp?

Just curious what line r u in and how many people r there in your company? There is a thread in lyn somewhere that I read before. Your company is paying you extremely well compared to majority of them.

Finally some reason break Bs silence here.. infact these are low end flippers low holding power or none holding power.. convinced by agents and developers.. some agents are still on their run here..

Some talk about holding where d heck they can wudo it..  you guys with 7 k above minimum are the least species believe it or not..

According to our fellow elite lyl members here.

1.) 20% of staff earning high income.
2.) 20% staff children education fund r sponsored by company RM 100K international school.
3.) Minimum salary RM 7K/mth for all staff (i wonder tea lady, dispatch boy,  security guard included ? ) 13 months salary.

Ripley believe it or not lah ..lol

Just calculate the amount of people qualified to pay income tax then we can see how big the secondary market.

I heard MNC quite cruel when it comes to retrenchment. . wait for dead chicken. .

Receptionist got.. with due respect.. this is  only executive and above right... the lowest here are the say most junior doctors in a doctors pool? Right?

i think new condo project has a better chance of capital appreciation...and also condo potentially can rent out with better price...

i will recommend to go for new...cuz if second hand...sometimes if it's cheap..you factor in the reno cost...eventually it adds up...

just my opinion...
unless you can get a good bargain for 2nd hand property...

Do proper analysis and if u are right u can win a lot. I understand what u r saying. Sunway Velocity is coming up in another two years. Amaya is just completed. But Sunway is 1m++ and Amaya is half of that. but then Sunway is freehold. Then goes to rental, how much rental Sunway need to break even?, then how would Amaya would make. Then in the end, Amaya currenttly rent out at 2k++. Well see if I am wrong after Velocity completes.

Cochrane there will be another condo coming out I heard. Not sure of the details.

Gold got no rental income but properties do. Simple statement that everybody understands that property is better.

Gold got no maintenance? Wrong! If u hold a lot of gold, it needs to be insured. Thats what jewellers do.

Exactly few years back when one said gold investment is a unsustainable speculation all those gold speculators would come in defend saying gold is the most trust worthy investment,  better to hold gold then cash,  one can even pawn gold everywhere to cash in, country reserved r in gold, since ancient times people keep gold, yada2
Now all start saying gold not reliable,  cannot rent out like property,  gold investment gain r paper gain,  bla3

The fact is Oil/Gold/Property/Stock speculation r all the same, it will become bubble & will become unsustainable.

They said even if properties price fall one still have property on hand,  don't forget almost everyone bought properties thru loan,  properties r belong to bank so long as one had not complete their loan tenure,  if properties price fall below the loan or initial purchase price, what do one have ? Remember during US crisis house price fall below loan value ? meaning paying a loan greater than what one can get by selling their house,

Gold need no maintenance but properties do, gold no wear & tear but house do, gold can be sold in days or hour but properties need months,  gold will not age but house will,  gold do not depends on location but house do, if govt decide build some undesirable things like highway,  bridge, incerarator,  high tension cable towel near your house the value will dropped substantiality,  may even have problem disposing it.

The conclusion is no such thing as safe investment/speculation, oil & gold have it day & so will properties,  current senario shows end of road for properties speculation/investment/flipping or whatever one like to name it, lived in denied or how ever u like, u still at losing end.

aiyooo....why always compare US property vs Malaysia property? different right?
i read that in US back then...it is so easy for anyone ah chong, ahmad and muthu to apply loan...hence the subprime property issue...

but in Malaysia, it won't reach this level as bank now tightening the approval for loan...

correct?
no?

I think u better confirm with the real bank loan officer. Coz I know CIMB calculation is the best oso can not offer so good package.

Loan approve based on 57% of nett income?. Really ?.

Ok Tq will talk my banker again
Coz my bank told me is monthly installment should not more than 30% of nett income
N for self employed only 20%