Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 New project VS existing property., For investment purpose

views
     
kamilnu
post Jan 29 2017, 11:14 PM

Regular
******
Senior Member
1,170 posts

Joined: Mar 2013
QUOTE(goks @ Jan 29 2017, 12:05 PM)
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.

 

Change to:
| Lo-Fi Version
0.0128sec    0.94    6 queries    GZIP Disabled
Time is now: 25th November 2025 - 02:10 AM