Dear all Sifus,

I'm currently planning to buy my 1st house and looking into Mutiara Perdana, PJS7 which I reckon would be a good investment since it is nearby to Taylor University.

Is there anything I need to pay attention ?

Sifus please advice.

Thank you very much.

for first house purchase, you are entitled to 50% remission of stamp duty for the transfer and for the loan.

In order to be entitled, you must meet the following conditions (valid from 01/01/2015 to 31/12/2016):-

(1) purchase price must be 500k and below;
(2) It is a residential property - SOHO, SOVO and SOFO excluded;
(3) You do not own any residential property (be it by way of purchase or inheritance or gift and regardless whether co-own or owned by you exclusively);
(4) you have not used this remittance before.

As for what you should look out for, I believe the usual things would be:-
(1) check and research on the property you would like to buy. Compare prices and rental rates, vide brickz, mudah, iproperty etc.
(2) arrange to view a few properties. Check whether title issued. Speak to management, security etc to get more info.
(3) Negotiate on price.
(4) check on loan entitlement.
(5) if you decide to purchase, you will need to sign the letter of offer, get financing, appoint lawyer.

Hi, so has u proceed and purchased the unit?

Wish to ask about your opinion towards student rental market at there too.

Personally viewed few property around pjs 7 & 9, saw there is alot of empty room for rent. Is there over supply around that area now?

How to apply for the entitlement? Lawyer should be aware is it?

Inform your lawyer that you are a first time buyer. They will know what to do. Basically you need to sign a statutory declaration and your lawyer will need to submit it to LHDN when submitting your transfer document (mot or doa) for adjudication.

Good investment is subjective. Need to find those property guru for advise

As for loan feel free to ask anything

I have surveyed the area and found that there are few units are still vacant.
the rental rate around the area is min 1600 - 2400(if fully occupied) inclusive of water, electric, wifi and air-condition

how much does the property cost?

Mutiara Perdana now asking around RM320k and above. Depends on floor. Lower floor might asking at least RM350k and above.

considering the price with rental, i think that's a good investment. there will always be demand from students.