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.

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.

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

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 ?

Not true,many condos next to mrt also low rental due to supply issue.

Yeah. But... what is the criteria for investment?

What do we need to label it as good investment?

Re agents and guru promote cocr to distract people from high leverage.

What is cash on cash return?

Noted. Means rental cover installment is good investment.

*if only I manage to found one.

Nowadays highrise price  is overrated. Crazy man.

some say near mrt/lrt is good some say not good.
but for me near mrt/lrt is always an advantage.
Back to your question new property or existing?
assuming you have enough cash.
if you want immediate return then go for existing (can rent out for return)
else you can consider new property.