Hi all,

I am about to get try first property for investment.

I am dilemma at buying new projects or buy existing property.

Please advise.

If buy existing property, where/how to find good location?

hi,,,if for invest,,the most important is the location..which with strategic location, or walking distance to LRT/MRT...it's depends on your budget, for new project, u will get more offer which u can save more in stamp duty & lawyers fees and so on....for existing property, u need cash out for those agreement & processing fees..if you able to afford it, the only question is location issue... hope these all can help u good luck...

I have refrained from buying new projects as those are almost always overpriced. But it's become a sucker for 1st time buyers as u don't pay legal and most of the times the rebates take care of your downpayment.

My view is and it's a strong view, if u cannot pay 10% downpayment, u should not be buying a house. You should save up instead.

I give u some example of a discussion I had with a lady last week, she was considering skyluxe in BJ at 800psqft price right smack at a fucked up jam every morning getting out to kesas. But down the road near Z, trees and even kiara2 u can get fairly new units at 450- All the way to 700psqft. Why pay so much more for skylux? All the more when LRt was an attraction for her. Her issue was down payment.

So I told her, u rather pay 300more per sqft for a smaller apartment farther to LrT then a nearer one cheaper which has less financial stress on you? She then decided to ditch skyluxe and decided to go for kiara 2 1k sqft unit which she is hunting for at 500-530sqft. Her dad will loan her down.

A lot of people will be sacrificial lambs in prop investment. U can't save'em all.

Only a handful of new projects are great buys. some are OK while many will give pisspoor returns n potential depreciation.

what is your meaning of investment? buy for appreciation? for rental? intend to stay? etc.

your current location of subang jaya is good. since you know the area, buy there.

ok la since i'm alrd to tired to buy more property. give my strategy here.

what i would do if i'm much younger and have spare cash. buy an old unloved house in SS15, restore / renovate it nicely (can do it as a hobby) and hold for long term.
landed property safer

This post has been edited by corleone74: Jan 30 2017, 11:49 AM

why must be walking distance to MRT? if the MRT already there or already announced, already priced in. so not necessarily it'll be a good investment just because it's near LRT/mRT.

yes, agree. I would go for subsale, not new property.

This post has been edited by corleone74: Jan 30 2017, 11:50 AM

Agree.
That is why I am confused. In dilemma.

I wanted to invest. But I dont know how to search for good location or rental.

Property price in subang jaya is kinda overprice?

Owner tend to demand alot because of the place.
Recently they build LRT and BRT.

They ask for higher price.

Note : If you take in subang. You will notice. Nobody take LRT from Usj21 until ss15.

People start going in from subang jaya(behind aeon big) and glenmarie. Which mean Subang people dont even use those facility.

Highrise is quite stressful now, very to bw precise. Btw most propa including shoplot, offis, highrise, kilang, landed=got price no market.

When you say spare cash, do you mean 10%,20%,30% or more downpayment?

well nobody says it's easy to find a good buy, right? must find the right one at the right price . anyway i'm not trying to buy a house there (no more energy.), just a general observation.

your investment strategy is? buy condo for rental?


This post has been edited by corleone74: Jan 31 2017, 11:18 AM

means cash reserved specifically for investment, and not for emergency fund or living expenses .

as for the quantum, depend on individual. if one has more than 2 property alrd, i think need to reserve 20-30%?

the actual amount depend on many things. i'm making a general statement.

only one advice..

find one is at good location & landed..

these u can never go wrong

Condo is easier to rent & higher rental. Younger generation prefer condo. Location is very important.

My parent & brother landed terrace house in usj, difficult to find tenant & rented to non chinese for 1.4k

Own stay landed is better. But well maintained and good neighbourhood condo is also not bad

This post has been edited by luvox: Jan 31 2017, 12:03 PM

You need to study more and read more on property investment strategy.

You cant create a thread here and hope for the light bulb to 'ding'.

Most time or not...good located and good price properties u cant afford.

Inferior located and good priced properties u dunwan.

Its indeed a very difficult task. But you need to start somehow....to get the ball rolling....

Ofcourse I dont. Can you teach me how to find?

I also know is not easy to find. Thats why I need someone to advise me on how to find.

How to start?
Whhat kind of property is worth to buy, what is not.

I am looking for 5-8year rental and then sell ?

one tips.

if condo.. do find near to LRT / MRT..

sure win