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 New project VS existing property., For investment purpose

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goks
post Jan 29 2017, 12:05 PM

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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.



goks
post Jan 31 2017, 11:55 PM

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Joined: Aug 2009
QUOTE(theevilman1909 @ Jan 31 2017, 08:23 PM)
one tips.

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

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

 

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