QUOTE(Moshpit94 @ Mar 2 2023, 12:32 PM)
My property after discount 652K Type C. We I don't think I can afford it now

but the decision has been made so lets just do what I can do to pay monthly.
Last time my wife still working and her salary is around 5-6K per month and mine was 9.5K per month. So it is 15K household income gross. But then my wife decided to quit her job and now she is full time housewife with some side hustle just enough to pay her own commitment.
Now, my salary is 11k Gross and 8.8K Net, with spouse is not working and 1 child that is 1 years old. I kind of doubt myself if i am able to pull this out... renovation cost, monthly commitment... but nevertheless, i have a strategy to settle all my debt like CC, invest in safe investment, and plan only minimal renovation just enough to live for now.
I'm 29 years old by the way. and this is my second property. I must warn you up front, maintaining own property is pain in the ass... you do not see the hidden fee like cukai pintu, life insurance (if u take it), sudden repair fee, all those stuff. I've learnt the hard way maintaining my first property (190K - and now selling it), and based on experience i can maintain Illaria ONLY if i stick to my debt settlement strategy by October, some small investment/FD, and bonuses.
Edit:
I am able to do single loan last time and I prefer it that way because it makes it easier if I die early due to insurance covered 100% for my spouse, but the interest rate and the risk is too high for the banker to give me the loan. Therefore, it was suggested to me that I do joint loan with my wife which lower a bit the interest rate...
I think you are doin pretty well for yourself esp at 29 yr old. Not many can boast 5fig salary at that age. Its always an issue there is only single income but there are savings to be made and non monetary joys to be had too.
1st landed house always look very unaffordable for most incl me. But as salary rises you will always want to knock yourself out for not getting a bigger/pricier unit back then.
So enjoy yr purchase. 600k landed houses are norm now and will inevitably move up in the years ahead.
With Gamuda's substantial investment in GG and plus thry bought over 500 acres of freehold land in Kundang, this certainly looks like an area of growth. Its always good to have a master developer so that there are proper roads amenities, something which Kundang sorely lacks at the moment! It doesnt even have an atm bank or gas station. But everything will change onve Gardens Square is up year end.