This is for people who can only afford 1 property in their lifetime for own stay and below are the reasons:

1.You buy a rm500k condo, you need to pay rm50k upfront Downpayment, rm450k loan, at interest 4% for 30 years, you have to pay rm2.1k per month. Total interest paid would be rm323,409

2.Maintenance fee assume rm200 a month, 1 year is rm2.4k. that is rm2.3k per month just on the condo.

for rm2.3k, it's more than enough to rent a full unit and your rental already includes the maintenance fee and you still have big surplus.

A condo is not like Landed Properties, so Lease Hold or Free Hold doesn't matter much, the older the condo, the lower it's value, because unlike Houses, Highrise won't last forever and will sooner later be demolished to make way for new buildings.

So assume you get to stay in your condo for 60 years, that is rm500k+rm320k Interest investment for just 60 years. That might allow you to stay in the condo for your lifetime or maybe not enough. A simplified version would be you'll be spending rm13k a year for 60 years. Once the highrise reaches it's age, it has little value left, most likely you'll have difficulty selling it off 40 years old units, so you can either continue stay in it or rent it out for the rest of it's shelf life.

So assuming you are buying for own stay, it really is not much different from renting, it's actually cheaper to rent than buy, and less trouble some as when you own the property you have to pay for all the fixes everything you have to settle on your own.

Down side on renting is you have to look face of the owner, if lucky get good owner good unit then it's great, old units chances are the owners won't be able to sell it off even if he wants to, so he have to continue rent, sure rental goes up every year but it would still be cheaper than buying.

Advantage of renting is you have the freedom to move around, any problem just let owner settle, your risk is your potentially losing your deposits but even those amount are still cheaper than Owning. At the end of the day, you just do your part as a good tenant and wipe ur pants when you leave.

Note we are talking about rm500k condos which are considered average, there are many rm700k-1mil condos out there, sure they look good, feels good, but remember you'll be paying for maintenance fees on top of your loans, by the time you finish your loans, you are still paying the fees. and do the math, after 60 years, how much would you have paid for maintenance fee (rm200 x 12 x 60 =rm140k), high end condos easily cost rm500 per month.

Landed properties, even Lease Hold, at least you know the house should still be standing after 80 years, and there is still a chance you can renew your titles at a small fee. Condos, even Free Hold, pretty much worth nothing, ok maybe you get small amount of reimbursement but is nothing compared to the loans you paid for it.

Note this is for own stay and if you can only afford 1 property. Of course if later you dug goldmine buy a house you can rent or sell the condo, that is if you actually dug gold & can afford a 2nd house.

If you can't afford to pay your rents on time, you can't afford to own a property.

For short selling & rental, it might be possible to make profit, but depends heavily on location. For self stay, i say if you can't afford a landed property, better just rent.

Anyway #YOLO, if you really want to own a home, just buy 1. But hey at least i told you so.

inb4 #Rent4Life.