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,

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!

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

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!