Hi, i am a newbie to property market. After few years of working, and considering the prices are self-adjusting now (buyer's market I understand), I think it's about time to buy a property for my own stay (independence and freedom).

I tried to search propertyguru, iproperty and went to a few property fairs, but have found limited options that are within my budget i.e. maximum RM650K. There didn't seem to be a central aggregator of the complete list of projects available. I was confused/frustrated that agents have been pushing me to buy properties that are priced higher than my budget. I believe in "living within my own means" and would like to explore my options within my budget.

Would appreciate any recommendation with the wishlist below:
1. Condo
2. Freehold
3. Residential title
4. Low-Mid density (high is ok if the road planning and carpark are well supported)
5. Completion by 2019 or 2020
6. 2 to 3 Bedrooms
7. Min. 2 bath
8. Min. 850sqft
9. Areas easily accessible to Hartamas and PJ (public transport is optional). Some jams are unavoidable but hopefully not congested on a daily basis. I have been considering North Kiara, Sentul, Damansara Perdana and not considering Cheras, Subang, Batu Caves for now.
10. Budget around RM650k
11. Not particular about developers as long as can deliver and workmanship is of standard quality
12. Management fee not more than RM0.35 per sqf
13. Min. 1 carpark

Would appreciate any honest feedback with my wishlist and budget too. Please let me know if I'm being unrealistic



Sincerely yours,

First I would like to commend you on listing out your requirements. I believe it's the first step to filtering what you want. And you are right, you shouldn't be buying beyond your means just so the agent can get a higher commission.

From the list of criteria shared, your requirements do seem very reasonable but I must say, it is quite challenging to find a new project that satisfies all of it. Perhaps you can extend your net to look into the subsale market where there are more options. One thing I like about subsale is that you can physically view the property prior to purchasing so you can assess the workmanship and existing community in person. It is less risky than buying off plan.

Must it be Condo and Residential title? And is density really a concern cause if it is... you will be limiting your search to near impossible...

I would recommend Grand SS15

It fits 'most' of your criteria

This post has been edited by holypredator: Aug 5 2018, 12:54 AM

Thank you so much for your reply!
Yeah i am also looking into subsale market and went to view a few too.

But I'm aware the upfront costs will be a lot steeper than getting a new one cause nowadays developers are giving so much rebates or discounts to sell their projects. So if subsale market, I am considering a slightly lower budget i.e. maximum 600k.

Another challenge for me in accessing subsale market is that I am not sure what exactly is the market rate for a particular condo and layout. I seem to only see asking prices online. For example one property I'm interested in is asking for about RM580 per sqft. Its condition is pretty decent, high floor nice view and I'm fine with the layout too. But when i checked historical transactions on propertyguru (a bit limited cause only about 10 entry), it shows in 2017 the highest transacted price for similar size and layout is only RM515 per sqft.

I'm very inexperienced in this and have no idea how to access more information to be grounded in putting my offer.

Should i hire a property evaluer or will the management office tell me the average selling prices in a condo? How should I go about in acquiring legit market info for a subsale.?

This post has been edited by beyondreach: Aug 5 2018, 11:01 AM

Thank you for the recommendation! What i listed are just my wishlist, I understand I will need to prioritise and compromise on some. I'd really prefer condo but in terms of residential title I'm not too sticky about it. I just tend to think commercial titles are more expensive but can make do with it if it's a good place and development to live in.

Density can be high but I think the road access should be reasonably well distributed/supported. Otherwise the heavy congestion everyday for drive in and out will be too stressful on a long run since I work very long hours and prefer not to spend even more time on the road getting back home.

I will surely check out the Grand SS15, thanks again!

Check brickz or edgeprop for transacted prices of that particular property. It will point you to what the market is actually paying. You can ask the seller/agent/banker what is the bank value for the property or if the seller has a valuation report because the bank only will loan you 90% of the valued amount. If the asking price exceeds the bank value by far you can either let it go or nego down. There are other factors also like furnishing level, condition of the unit, number of parking lots that affect the price.

Many new projects today are commercial title because they can obtain higher plot ratio. So that's one thing you should factor in as well if you're looking for new projects..Unless you're okay with Rumawips then they are residential title and priced at 300k. Some have pretty good locations as well like Kiara Kasih in Mont Kiara which is also coincidentally freehold.

Again thank you for your reply.
I've checked the Brickz and the asking price was indeed on the higher end. On the other hand, I also sat myself down to read a lot more about subsale properties. This guide by KC Lau really eased my nerve a lot - https://kclau.com/investment/residential-pr...uide-checklist/

I managed to speak to bank and got the value for the unit and indeed the asking price is much higher. I'm starting to learn more about subsale market and am excited about the learning process.

I will surely be checking out Kiara Kasih since i am pretty familiar with the area. Thank you for your time and have a nice day!

This post has been edited by beyondreach: Aug 6 2018, 02:20 PM

You are on the right track by taking the initiative to acquire more knowledge instead of acting purely upon agents' advises. Don't rush into buying something you don't fully understand yet, take time to digest and learn the ropes before committing to a 35-year long mortgage, and never overgear by buying a property that is beyond your means (some loan agents have "methods" to increase your loan eligibility but there is a basis for the DSR calculation hence it would be unwise to try to attempt to boost it artificially) - we see many such examples ending up in the auction market. All the best to you in your learning and property buying journey

Prima Duta Condo, 1645 square feet, fully renovated, 2 carparks, strong JMB, recently repainted building, right smack in segambut dalam/jalan Dutamas raya, on the outer side so not much traffic jam getting in and out. Subsale rm650k.

Can pm me if interested hehe

Not many new launch undercon condo is freehold with residential title at the moment.
But you can check out this 2 projects, fit most or majority of your criteria especially for point #1, #2 and #3.

- Trinity Lemanja, Kepong
- Tuan Residency, Jalan Kuching

sungai long a lot new condo,

google syf development sdn bhd

Hello, are you thinking to get new condo, the completion is in early 2019. since you thinking to buy the property, have you compared with residensi harmoni 2? how about try to consider this! This is near by mont kiara area but cost at least cheaper than 40% than mont kiara?

Only 5k booking fee to sign s&p!

Free s&p
Free professional loan legal
Bathrooms Ready to use
Free alarm system
Instant hot water system
Free 2carparks

Developer free interested monthly installment till hand over key... Up to 20%

10% discount for all the sizes below

1100sq.ft RM679K-+
Price range as below
1300sqft-rm790k -/+
1400sq.ft-820k-/+
1500sq.ft -870k-910k/+
1600sq.ft-910k-/

........................................................................

1896sq.ft is only 500psq.ft

Only 5k booking fee to sign s&p!

Free s&p
Free professional loan legal
Free wardrobes
Designer kitchen 99% furnished
98% bathrooms
Free alarm system
Instant hot water system
Free Airconds
Free 2carparks

P/s: Kitchen and bathrooms and wardrobes have already save you lots of $$$ with less hassle and troubles...👌🏻

You are welcome to call me at 0162620119 if you have more question, or arrange for meet up.

Bro prima pelangi is near mk onli on map la. In real life unless u hav a new direct connecting road then u save few more mins.

Anyhow tis can't compare with any mk prop lo. Its kaptong lai de. In kaptong many other projects beta than tis harmoni 2.

You are RIGHT, Harmoni 2 is JUST beside the Mont Kiara. ';) with its' price, location and package, no hurt to compare... at least customers got one more option to compare with.

Too many such sub products around.

I would suggest ur gimmick to use both mk n dpc.

Eg. Harmoni 2 sandwiched between both established mk n dpc. High chansi to outperform both the 2 mentioned as newer Harmoni 2 is now 40% cheaper. 😜😜😜

Anw Harmoni access is sucks til the proposed direct connecting road is built. My sincere 0.0000002¢.

Thank you! Will check them out!

Thanks for your very honest comment! The road access is indeed a huge deciding factor

Sungai long seems better for investment than own stay at this moment but yeah I will also keep an eye if there's anything that may be suitable. Thank you!

Just comparing the PRICE ONLY with some Mont Kiara's projects, Harmoni 2, price psq.ft could be lower as much as 40% with some mont kiara projects!

And in times, the access road will getting better, will have few more roads link to quite newly builded Petron Station at the t-junction of the segamput, ...

just my 2 cents

anyway, Harmoni 2 is using the same access road with the mont Kiara's projects at Jalan kiara 3... is in the middle between the Mont Kiara and North Kiara:)

Boss price reflects the potential of any prop.

Eg. Telawi vs bangsar Park.

Hope u comprehend tis part. As an investor one should b smart. As an agent one must hav ethic.

I don’t see there is any part of my comments I mentioned have offended to anyone ... all I mentioned the prices are differents between the places... and would like to invite the people whoever interested in getting the property Please to check it out and compare only... nothing more... but don’t know why irritated you so much with that...

Like you said the investor one should be smart ... believe they all will have their own judgement after they have done their research and comparison whichever is suitable...

Talk about athic, would hope you allow others to express..

Thanks .

Boss dun worry. I'm fine. Not irritated. Just commenting base on my 3rd eyes. Soli if I hav offended u with those facts.

Hav a gd day.

Thank you!
I’m not expert, not dare to criticize / comment whatever facts you have stated ... do believe all investors/owner will do their research and homework necessary .... wouldn’t just take the words come out from anyone... but for reference ...

That’s nice you are giving out your points of view and thought ... sure benefit for those who needed...

Same to you! Have a fabulous day ...”

I would like to recommend you this project:

- 3 bedrooms 2 bathroom
- 1xxx sqft
- rm470-500 psf
- 1km to mrt station
- easy exit to NKVE hence easy for you to reach Mont Kiara
- completion Q3 2019

Non-bumi price will be below rm520k

Although you may buy property up to rm650k, doesn't mean you have to buy at that price. For me better you buy 2-3 units of this project, 1 for own stay and 2 for investment, later to sell or to keep is up to you.

Total unit below 900 only.

May I know what project is this?