Nov 19 2016, 05:55 PM
QUOTE(stormspider @ Sep 10 2015, 04:26 PM)
Just dropping by to add in my 2 cents,
For a fresh graduate, it might be better to buy a new property launched by the developer as a lot of upfront fees like transaction fees (valuer, legal fees, etc) are borne by the developer. Certain developers may also offer discounts for early birds and bundle in certain furnishings and appliances. As such, the upfront commitment to be paid by the fresh grad is not as high as compared to purchasing a sub-sale property
Furthermore, as the developer only draw down the bank loan in stages based on its construction progress, the fresh grad actually does not pay the full installment until delivery of vacant possession which by then the fresh grad's salary would have increased as well over the years (Normal developments would take 3-4 years from launch before it is ready for VP).
Nonetheless, my opinion is based solely on minimizing the impact of purchasing a property on a fresh graduate's cashflow without factoring in the current pricing of new developments, slowing market condition, reputation of developers and etc.
Common misconception. All these costs "borne" by developer is already priced into the actual property cost. Developers do no favour for anyone but themselves.For a fresh graduate, it might be better to buy a new property launched by the developer as a lot of upfront fees like transaction fees (valuer, legal fees, etc) are borne by the developer. Certain developers may also offer discounts for early birds and bundle in certain furnishings and appliances. As such, the upfront commitment to be paid by the fresh grad is not as high as compared to purchasing a sub-sale property
Furthermore, as the developer only draw down the bank loan in stages based on its construction progress, the fresh grad actually does not pay the full installment until delivery of vacant possession which by then the fresh grad's salary would have increased as well over the years (Normal developments would take 3-4 years from launch before it is ready for VP).
Nonetheless, my opinion is based solely on minimizing the impact of purchasing a property on a fresh graduate's cashflow without factoring in the current pricing of new developments, slowing market condition, reputation of developers and etc.
To get the best deal (if you're a fresh grad or with 20y experience) the best is still sub sale. Why? Because you're dealing with the home owner and possible an owner who is desperate to offload.
Buying property is a numbers game, people don't seem to realize this. You hunt around and keep hunting every single unit for sale in a location you want to buy and negotiate to the max....the price you get from this effort will never be matched by buying from any developer in the country. To OP, I say please read up a bit on negotiation skills and hunting for the right property. Invest RM500 in reading material, and you save 10s of thousands when actually buying the property you want. Trust me, I bought my first property when I was 24 and my 2nd at 25....only after buying my first I found out I know so little. But I followed this rule of buying subsale in a great location and spent almost 3 weeks hunting for the cheapest and best deal in the area. And this time I spent was totally worth it.
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