Is it necessary to buy house at early stage of life?

Yes if you have positive cash flow. No, if you can't even afford to pay your car loan comfortably.

But today's trend is about, how many houses you have, what kind of car you drive. So the race for it is inevitable.

Home ownership restrict job mobility. in us and europe, unemployment rate is correlated to home ownership of the area/district/states.

Well it depends. You would still need a house to live in right? However there are options that is to rent. Can you answer these questions before buying a house "for own use"?

1. Are you sure you would be staying there for decades to come?
2. Are there no properties for rent that are cheaper in rental than for you to pay for costs associated with purchasing the house? (installment, fire insurance, mortgage insruance, maintenance + sinking fund, etc.)

I am 32, and I am settling down in Dengkil, near Putrajaya. My wife loves working in Putrajaya, and Dengkil is the place where she could take 15 minutes to get to her office. If she lose her job, she can find other locations to work nearby or she doesn't need to work as I can support this small family of 2.

but young people hardly have a good grasp of where they would really want to settle down. Without really knowing, you are just gambling. Who knows you may actually need to move and rent out your property at a loss because you cannot afford not to subsidize your installment without rental income. The "right property" is something you need to discover - you may think you have found it, but circumstances may change and depending on how much you committed to the property, you may be stuck.

My landlord in Cyberjaya is now stuck. The loan outstanding is higher than the realistic selling price. When he bought this property there were only 2 of them, a studio. Unrealistic for them to remain here, so they had to rent it way below their installment + other fees.

On a serious note, i 100% recommend you to grab a lelong unit at Savanna Executive Suites. Some say is at KL South. Some say Bangi. But actual address is at Dengkil.

Proper 3 bedroom size unit. Some unit with balcony. Some without. There is even a lelong unit with private terrace. Size of the private terrace is bigger than the internal unit size.

I believe price will reach bottom at 250k.
If hit 200k then property market really crash. Bubble burst as per this thread title.
Coz ppl saying the cost to build a unit there + land cost is definitely above 200k. And now lelong unit force to transact at below constructing the unit price. Doesnt make sense.

On a serious note, i 100% recommend you to grab a lelong unit at Savanna Executive Suites. Some say is at KL South. Some say Bangi. But actual address is at Dengkil.

Proper 3 bedroom size unit. Some unit with balcony. Some without. There is even a lelong unit with private terrace. Size of the private terrace is bigger than the internal unit size.

I believe price will reach bottom at 250k.
If hit 200k then property market really crash. Bubble burst as per this thread title.
Coz ppl saying the cost to build a unit there + land cost is definitely above 200k. And now lelong unit force to transact at below constructing the unit price. Doesnt make sense.

If lelong need to check how much the owner owe developer maintenance fees first...

Oh I know that place... gone through it a few times, even misled me into North-south which I didnt mean to take at the time. Quite good location I guess, right next to the north-south. Why has its value dropped so much? it isn't even cyberjaya...

On a serious note, i 100% recommend you to grab a lelong unit at Savanna Executive Suites. Some say is at KL South. Some say Bangi. But actual address is at Dengkil.

Proper 3 bedroom size unit. Some unit with balcony. Some without. There is even a lelong unit with private terrace. Size of the private terrace is bigger than the internal unit size.

I believe price will reach bottom at 250k.
If hit 200k then property market really crash. Bubble burst as per this thread title.
Coz ppl saying the cost to build a unit there + land cost is definitely above 200k. And now lelong unit force to transact at below constructing the unit price. Doesnt make sense.

Highrise in cyber getting a beating,  whereas landed in cyber price steady n in demand,  wonder why dun these ppl who bought highrise go for landed in cyber like SEG, MCT, symphony hills

Once again no taker.
Is now at 5th reauction price. Already 30% below market pricing now.
Should be one of the rare cheap available landed lelong property in Cyberjaya.

1st auction - 1.3M - no bidder
2nd auction - 1.17M - no bidder
3rd auction - 1.053M - no bidder
4th auction - 948k - no bidder
5th auction - 853k - current reserve price

36, Jalan Mozart 1A, Symphony Hills, Persiaran Simfoni, Cyber 9
Reserve price 🔥🔥RM 853,000🔥🔥
Freehold
Land area: 1420sqft
Auction date: 28-Dec-2018 (Fri)

How to know wen gt lelong this prize?

Wow I'm interested. If still no bidder will it drop lower.
Why is this unit so cheap any particular reason. I'm eyeing SEG so far but no real lelong so far the discounted unit is t junction or beside substation units

Yes will drop 10% cheaper each round (every month)...until someone place bid for the unit.

Wow I'm interested. If still no bidder will it drop lower.
Why is this unit so cheap any particular reason. I'm eyeing SEG so far but no real lelong so far the discounted unit is t junction or beside substation units

Can I sit n wait till 500k lol.
Anyway just checked. It was 995k before discount during launching. So possibly early 900 post discount? Not much drop if so.
Anyway anything bad about buying lelong. Y ppl lelong so early on. I'm interested in landed

I believe because it is a Bumi-lot. This developer still havent subdivided from master to strata title, so non-bumi cannot buy yet, the developer will not release. As far as I know la. I am a mortgage guy, not property guy sangat.
Not much drop, but that means people who invested there got inflicted by opportunity cost. 5 years, surely you expect some capital gain? if not might as well rent and not purchase.

Nothing bad per se about buying lelong, you just need to check if the property has any due, because you would be responsible for that. Plus with lelong you need to pay the balance (after deposit) in 90 days, strict, failing which they can take your deposit or you can be charged penalty (As per what my client had to pay for not fulfilling the time stipulations)

So lelong as long as got cash can tembak la kan.
Anyway it's a bumi lot? Not stated also? If it's bumi lot not very worth it kan. Coz with bumi discount with discounts during launch actually not on mega discount pun.
I tot these ppl supposed to write there bumi lot when advertising kan..
Anyway thx bro.

From what u stated seems buying lelong is not as easy as buying new. Due means say prop the fella bought 1m loan 1m from bank. U lelong u get at 800k. So the fella owe bank 200k still. U pay kah

I cannot for sure determine it is a bumi lot, but from the thread for "Symphony hills", one user claimed that it was a bumi lot.

For freehold cyberjaya, eventhough the property was bought with "bumi discounts/rebate", it can be transfered to non-bumi once the property receives the strata/individual title. Property sifus correct me if im wrong.