Remember the fact that you might not be paying 2.5k monthly if BLR goes further up. Also expect the worst, not the best.

Also, when you're; in financial difficulty, it's almost impossible for you to sell it at a good price. Why?...simple reason, you are desperate for cash or money. Ppl who intends to buy a house would obviously look for the best deal and nego like nobody's business. And if they knew about your situation and words spread out.....you're as good as selling the house at low or no profit at all.
Somemore when one is in dire need for money, usually their judgment is clouded.

Dreamer and yewkhuay talked about recessions and mortgage market bursting the bubble.
It's true if you look at the property market now. Ever wonder why the price is so high now? It's because economy are stable.
But recently the economy are not as stable as it seem. The bull run had ended in KLSE. Subprime crisis in the States and rising oil prices.
Property market is currently overpriced. And to me, developments are oversupplying the needs. Everyone is in the property market currently not because of needs, but basically they wanted investment.

I never really agree that property is the best investment tool, and I think some forumer here might still remember why I think so. I'm more of a skeptical person and expect the worst rather joining in the speculation of how property price would go up. And looking at the current economy I do not agree on buying expensive property unless you really can afford it and be sure that during economy downturn or financial hiccup, you do not need to sell off your property.

I would say no worries on recession if one is to purchase for own stay. Unless the property bought is as an investment tool.
Anyway, many places are overpriced and rated too highly currently with the property market booming.
In my opinion, our property market is over supplying the needs; and most ppl are buying it for investment purposes which is very dangerous if my prediction is correct, especially for those middle income earner who bought properties for investment.

BU uptown is definitely under PJ or last time Selangor.
Why, because I used to work in TTDI and every time Selangor holiday we would be complaining and commented that if we are situated on the other side of the main road (LDP) wouldn't it be good.

Understood, but how much rental income proposed for RM800k? It's also a very high risk investment IMHO at least not as high as the 1st one purely speculating on capital gain.

Coming back to the rental income for RM800k properties. How many ppl can really afford the high rental thus jeopardising the income flow. IHMO, property that price are bad for investment but one can treat it as a liability by "own stay" if one really really can afford it. I found that in current market or a lot that comes blindly into property market investment doesn't have the skills to evaluate whether or not the property is worth as an investment tool or not. They simply thought that high priced property meaning high values and high appreciations...thus we see a lot of high priced development being sold faster than the low cost properties.
It wouldn't matter to those that are really really rich but like you said, a lot is just "acting" rich and hoping to get rich that way.
A lot doesn't seem to reliase what you've mentioned.
Sad ain't it....

This post has been edited by b00n: Sep 24 2007, 04:31 PM

the credit goes to dreamer101 ....not me...

dr_luv,
If you really can afford it than kudos on the property that you bought which pai mentioned is a great deal comparing to other properties in the same area.
Nonetheless, some of us still think the price is on the high side.
But you cannot have the expectation of high appreciations, i.e. it's advisable that you don't treat it as an investment tool since you mentioned it's for own stay. Don't think of how you're going to market your property or how much earnings you'll gain now. Just let it come naturally.
My few long winded posts is just to dissect my views on properties treated as liability and investment tools. One has to know the needs.
Before I forgot, congrates on your purchase!

I think what she meant by gated is the walled up fencing surrounding the development but without the guard and guardhouse.
Whereas guarded community is what the title suggested, with guards.

Usually if the management of the security is by the RA (Residence Association), it would fair better than those provided by the developer. Provided the RA is strong and committed.
But I think DPC does provided good security by the developers. They hired Gurkha and came out in the paper once on the residence there commenting on the pros.

Basically, Puchong is a nice place and properties there are really value for money.
Only downpart is because it's currently developing, security around the area are not that good. Also, some part of puchong can be to deep in and far from KL if one is working in KL.
But to those working in PJ, Damansara and Subang.....one can always try living in puchong.

This post has been edited by b00n: Sep 25 2007, 09:34 AM

haha.....one is always being forced to sell at a higher price to cover the interest charged; i.e. to settle the bank's mortgage loans........

Yeap, it should be....
Anyway, it's best to confirm whether the guards are being paid by the developer as your monthly maintenance fee (if you does pay) or it's by the own RA formed.

Sunrise property is way out of a lot of ppl's league I guess.
I seriously doubt that many middle income earners can afford it.
I know a lot of expat preferred staying in Bangsar as I knew of 2, and also Mount Kiara and Sri Hartamas.
But how well is the demand for rental in that area? I'm not sure, anyone familiar with the areas in MK and SH?
But if to buy it for own stay, with the same amount; one can probably get a bigger unit elsewhere.
I'm not against it totally, it's just that I do not like condos maybe because I am sort of a "kampung boy" who prefers lands and gardens. When the amount to purchase a condo can get me a anded property for own stay; that's when I felt that it's not worth it to buy the condo.
I would think of Condo as a tool for investment, but than again; high priced condo usually does not return good rental income.
So left capital gain. But property appreciation is always based on demands, and a bigger risk I might say.

Since you both are planning to go overseas and live there, why spent money in properties?
Just rent a simple house and wait for the opportunity.
Reserve more money or budget for your startup in a new country.

That's only my opinion for if I'm in the situation I would want lesser commitment when I shift. I.e. I wouldn't even think of owning a car.

This post has been edited by b00n: Sep 26 2007, 03:20 PM

Why 15 years for waiting for PR?
Again, if the PR is approved sooner.....would you guys shifts?

On your next query, you mentioned that your BF is already looking for opportunities overseas but obviously no guaranty. But if he found one which suitable, would you guys shift?...

See how blur you are in handling this matter.

You guys have to stand firm. I.e. choose whether or not you guys would stay in M'sia. Like for the above 2 queries; if there's opportunity or if the PR is approved sooner, would you guys immediately take flight or wait for 15 years.

If dreamer is here, he will explain better I guess. He stayed in the States before.

Renting is basically the best options IMHO if you guys do plan to leave. It's harder to leave with attachment and commitments.
Even if you wanted to sell of your house which you eventually bought, there's many months of procedures; and inclusive of looking for the right sales, it might even take you 1 year to completely detach from the property. Would that affect you guy's plans?!

Read and do research and do not be fooled by this general assumption!
Even the most avid property investor would tell you this is not the truth!

The current sub prime crisis in US is partly because of this wrong perception!
The property market burst....!