Aug 7 2016, 11:10 PM
QUOTE(metalgearash1987 @ Aug 7 2016, 12:00 AM)
Dear Sifus,
I am in need of some expert opinion. I am interested to purchase a property in setia ecohill 2. Price is around rm640k. But my dilemma is i have ready purchased a service apartment in KL which price is rm700k (monthly installment @rm3.5k). But the apartment is yet to be completed. Expected completion is end of this year. Both i will be using combine income and name for purchase.
If my monthly combination income with wife is less than rm10k and after minus all expenses, balance is around 2k, is it safe for me to go on to book and purchase ecohill 2 first then quickly advertise and sell off my apartment in KL? Or play safe and sell off my current apartment first before buying ecohill 2?
Do let me know if u guys need more details of me in order to give more accurate opinion. Hope to hear advice from you guys.
Thanks.
SEH2 which type - the one with 10/90? If 10/90, you still can consider taking the calculated risk provided you are confident that your apartment can be rented out in the next 2 years and you still have enough funds for contingency (in the event the apartment is still not rented or tenancy not renewed then). SEH2 you plan to use for own stay? If it's for investment then rental yield could be quite low or having difficulty in rented out given the new township (though the neighboring EM will start to have occupants and commercial activities). In brief, get enough funds for contingency.I am in need of some expert opinion. I am interested to purchase a property in setia ecohill 2. Price is around rm640k. But my dilemma is i have ready purchased a service apartment in KL which price is rm700k (monthly installment @rm3.5k). But the apartment is yet to be completed. Expected completion is end of this year. Both i will be using combine income and name for purchase.
If my monthly combination income with wife is less than rm10k and after minus all expenses, balance is around 2k, is it safe for me to go on to book and purchase ecohill 2 first then quickly advertise and sell off my apartment in KL? Or play safe and sell off my current apartment first before buying ecohill 2?
Do let me know if u guys need more details of me in order to give more accurate opinion. Hope to hear advice from you guys.
Thanks.
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