Lets face it, despite all opinion of doom and gloom, properties at $300k would not be much cheaper unless we get into an economic depression. It that is the case, you would be more concerned about keeping your job or earnings from your business. If you are buying for own stay just check whether you could still afford to pay monthly installment if the interest rate goes up by 2-3% in the next 10 years. if this is for investment, you should evaluate the ROI vs other options like stock, bonds etc..But never compare to FD rate unless you could buy the property in full with cash. Just remember that property is very illiquid now with the oversupply situation. Trying to subsell your property at "market value" would take more than one year.

u are buying for own stay... just work harder to cover the hike... we wont know to what extent the hike will be... but i supposed it wont significantly affect you in the short term... unless interest rate go back to how it was used to be.... more than 6% annually... are u those that always have extra savings at the end of each month...? if so... just apply for flexi loan... put your savings into the flexi loan account to save some interest...

property aside....

it depends largely on what kind a person you are. What is your discipline in saving and what is your priority in life. what is your goal in your career and opportunity in career advancement.

its not about ringgit and sen, Its all about sense and sensibility.

Assuming the following
1. RM300K for the house
2. Loan at 90%
3. Tenure 30 years
4. Interest 4.5% (after one year, increase by 25 basis point, new interest 4.75%)

Installment payment in first year is RM1,368/month and in second year RM1,407/month (increase by RM39/month)

Flexi works if you have extra cash. Else, not much help.

As long as your loan service ratio is below 20% of your income, you should have enough buffer for rate rise.

hehe...if 300k is 20% of his income...he would have aim to buy property at 600k lioa......

He may buy $600k home with combined income.

Empirically, loan service ratio exceed 30% of income is stressed.

Gross or net income?

for prudence sake, should be net right?

Dear Everyone,

Instead of yada blindingly, lets post some real life facts and figures comparing past price and current/future price to show the difference. This is especially on unsold units and what price did developers change to reflect current situation. DDD camps can start posting? Thanks.

around 300-400k should be 'average', dont expect 'good' quality /atmospheres compared to above price. (common sense la)

below 300k, i doubt the atmosphere and the people that lived in the place is good as your environment. tbh, i m expecting like govt flat quality.

if ownstay, just buy rumawip.

how about yourself start exploring site like brickz.my / theedgeproperty.my and check out SNP price for certain location you looking for?

then you come back and give some useful posting #no hard feeling #chill

Er no. Im not belong to any camp. Just reading empty talk which has no substance. Thanks for suggestion tho.

Property is illiquid, price takes years to bottom. this is only the beginning and Moody's expect overhang to last 5 years, it is too early to blow water.

This post has been edited by icemanfx: Nov 28 2017, 01:59 PM

To buy for 'good' quality/atmosphere and above affordability is living beyond one's means. it is not too late to trade up later in life.

This post has been edited by icemanfx: Nov 28 2017, 03:18 PM

no la.....doesnt affect you much if int doesnt hike much geh.....
worse come to worse 1998 scenario u kena 14% int only ma
Now is 4++%? just add another 10% lor....
mayb just need to tahan 1year or so before somebody rescue the situation kua if really kena...
not sure if it can get worse than that....never kena be4 touchwood

This post has been edited by mIssfROGY: Nov 28 2017, 05:15 PM

well looking at the currently completed rumawip.... the finishing and quality is better than any above 400k private project also.... and also at the same time... living environment of those 500k expensive projects doesnt seems to be better... its just that u able to get more bank loan doesnt mean you are civilized or higher in morality.... there are alot of ppl who can get up to 600k loan but choose to just get a rumawip to stay.... there are condo which cost 600k to 1m and still badly maintained and everyone parking on the road side like ah beng....

Hope the quality is alright, buying a house is a very long term commitment, scared I might screw up

AND thanks everyone for the feedback, I`ll continue my purchase.

well... u can make an appointment with agent online... say u interested to rent a unit at pandanmas... and see the overall presentation and the environment of the rumawip... its best to look at it with your own eyes....

huh?????

I thought each rumawip is developed by different developer. how to gauge the quality? or all done ONLY by AK47?

no la... let him feel the environment there... quality wise... i cant say will it be the same or not even its by the same AK47 since sub-con might be different... i dunno which rumawip is he buying.... but it could be one of the AK47 rumawip that he is looking at...