Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Studio unit, For a single dude with 2.8k salary

views
     
TSahchat
post Jul 12 2016, 10:05 PM, updated 10y ago

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
Hi, im looking to buy a property, a studio unit...is it a good buy? Long term?

2.8k salary can buy a studio unit? No commitment so far, able to save 1/3 of my current salary...no bank loan so far
acbc
post Jul 12 2016, 10:08 PM

Look at all my stars!!
*******
Senior Member
9,035 posts

Joined: Jan 2003
How much?
TSahchat
post Jul 12 2016, 11:46 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
QUOTE(acbc @ Jul 12 2016, 10:08 PM)
How much?
*
I dont really know how much a studio unit worth, around 250k? Not that fancy looking studio unit though
juicyliana
post Jul 13 2016, 02:59 PM

when u think juicy, think liana
*****
Senior Member
746 posts

Joined: Aug 2011
From: Lowyat.net
u set aside 50% of your salary for repayment. if u can afford, than can buy la...

but loan amount too little, put in more downpayment or join name.
enriquelee
post Jul 15 2016, 10:27 AM

Don't ask for more, ask for COKE
********
All Stars
10,510 posts

Joined: Jan 2003
From: Atlanta
As long as keep your monthly liability (including the studio loan monthly instalment) lower than 70% of your 2.8k salary, then should be no problem for you to get your house loan.
OceanMonster
post Jul 16 2016, 01:17 PM

Getting Started
**
Junior Member
135 posts

Joined: Jun 2015
250k studio may need 25k down payment, plus SNP, loan agreement fees, can go up to 30k at least. Do you have enough savings for that?
Carky
post Jul 18 2016, 10:37 PM

New Member
*
Junior Member
14 posts

Joined: Jun 2016
QUOTE(ahchat @ Jul 12 2016, 10:05 PM)
Hi, im looking to buy a property, a studio unit...is it a good buy? Long term?

2.8k salary can buy a studio unit? No commitment so far, able to save 1/3 of my current salary...no bank loan so far
*
Mind to share from which developer?
TSahchat
post Jul 20 2016, 07:22 AM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
QUOTE(OceanMonster @ Jul 16 2016, 01:17 PM)
250k studio may need 25k down payment, plus SNP, loan agreement fees, can go up to 30k at least. Do you have enough savings for that?
*
Thx for the heads up...looks like im still short on DP

QUOTE(Carky @ Jul 18 2016, 10:37 PM)
Mind to share from which developer?
*
Dont know yet...is there something i shud know about d developers?
lifebalance
post Jul 20 2016, 09:14 AM

Licensed Financial Planner & Financial Adviser's Rep.
********
All Stars
10,162 posts

Joined: Nov 2014
QUOTE(ahchat @ Jul 12 2016, 10:05 PM)
Hi, im looking to buy a property, a studio unit...is it a good buy? Long term?

2.8k salary can buy a studio unit? No commitment so far, able to save 1/3 of my current salary...no bank loan so far
*
You need to prepare for downpayment 10% and the another 5% for legal fees. Once you have all these then only can consider to buy a property otherwise don't think about it
acbc
post Jul 20 2016, 09:16 AM

Look at all my stars!!
*******
Senior Member
9,035 posts

Joined: Jan 2003
With 2.8K salary, surely insufficient. Better work harder and save more first. Alternatively, consider renting.
forever1979
post Jul 25 2016, 09:41 AM

Look at all my stars!!
*******
Senior Member
2,854 posts

Joined: Jul 2013
but 1st property purchase, suggest to look for completed project or subsale.


TSahchat
post Jul 26 2016, 04:48 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
QUOTE(forever1979 @ Jul 25 2016, 09:41 AM)
but 1st property purchase, suggest to look for completed project or subsale.
*
care to share subsale meaning? hmm.gif
forever1979
post Jul 27 2016, 02:25 AM

Look at all my stars!!
*******
Senior Member
2,854 posts

Joined: Jul 2013
QUOTE(ahchat @ Jul 26 2016, 04:48 PM)
care to share subsale meaning?  hmm.gif
*
secondary market. not from developer any more.
TSahchat
post Jul 27 2016, 12:33 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
QUOTE(forever1979 @ Jul 27 2016, 02:25 AM)
secondary market. not from developer any more.
*
Noted, tq
peri peri
post Aug 8 2016, 03:48 PM

10k nonsense talkative club
********
All Stars
11,943 posts

Joined: Mar 2012
From: Kuala Lumpur
studio how big? 800ft2 or 680ft2?

soho and studio not same
TSahchat
post Aug 9 2016, 12:33 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur
QUOTE(peri peri @ Aug 8 2016, 03:48 PM)
studio how big? 800ft2 or 680ft2?

soho and studio not same
*
what is the difference?
peri peri
post Aug 9 2016, 01:00 PM

10k nonsense talkative club
********
All Stars
11,943 posts

Joined: Mar 2012
From: Kuala Lumpur
QUOTE(ahchat @ Aug 9 2016, 12:33 PM)
what is the difference?
*
soho under commercial tarrfic, studio under residential
« Next Oldest · Property Q&A · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0144sec    0.36    5 queries    GZIP Disabled
Time is now: 27th November 2025 - 06:25 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.