own stay? buy place u like and afford. that's all..
for investment? our own investment criteria...
1. Has to be expat friendly area OR area which has min 1 public transport. Like LRT, MRT. Bus station or KTM is not considered due to the target user group.
2. Having min 2 source of target tenant.
- Students n middle range/affluent local working class
- Expat, student n middle range/affluent working class
- Expat, international student, local student n middle range/affluent working class
- No to resort / holiday based developments like Melaka, Kuantan, Genting, Bukit Merah,...as they are touristic specific. it's quite cyclical. if tourism doesn't perform. u do not have any other contingency or fall back plan..in short, the higher chance of losing money..
3. Say No To fancy packages
a) NO GRR
b) NO huge cash back (above 17%, basically u notice 10% rebates, additional 7% for bumi buyers are common)..anything above simply means u r just taking higher loan which means higher instalment too.99% not recommended to do so..
c) NO buying above market value.
- preferably below market value of 10 to 30%..with min upsides of 20% over the next 3 years.
- unless a grade A then we consider acquiring it at market value.
(market value not equal to asking price. market value refers to transacted price of similar product, eg studio vs studio, soho vs soho, sofo vs sofo, 3bedder vs 3bedder,...)