Good day ladies & gentlemen,

Im currently looking at Sime Darby property @ East Residence - Alya

Ive been unable to find a proper market rate of this said property, was it 3.2mil or more?

A little background of me, which i hope it may be of useful when giving me advise financially, to be noted that this is my first time buying property.

Background:

Age: 31 Single
Occupation: Management Director
Industry: Natural, Marine, Agricultural and Food Sciences


Financially:
1. My monthly income is MYR 85,000.00, on which:

1.1 KWSP: (Employer 13% / Myself 11%)

2. I also have another own trading business, on which in monthly average basis:
2.1 Income: MYR 60,000

Personal Income-Tax 2018:
LHDN: Ive contributed a total of MYR 406,854.00 on 2018

Commitment:
Currently i'm only serving my car loan at MYR 10,438.00 and will be ended by July 2019, after which, i will no longer has any commitment. My credit card in CCRIS has been good as i do not owe any credits. Paid on time for the past 3 years.

Apart from the car, i don't really spend much of my income, except on my rental at RM1,500.00 monthly, utilities around MYR 500.00 (Phone, unifi, and water and electricity), foods around MYR 2,000 and sometimes do some grocery and shopping which is around RM500.00. On some occasion, i may pamper myself with some fine dinning, once a month at MYR 300-400/meal. That's all.

I give my parents MYR 10,000.00 / month for their expenses.

My questions are:
1. Anyone has any idea whether this property is good? Whats their workmanship, people around, and the environment, from the ads ive seen, it has been good. Im currently overseas and may not be able to come back the soonest to visit the place, am planning to just go by feelings and purchase the property.

2. What about the maintenance fees of this property, how much does it cost and does it worth it?

3. Will bank give me a loan of say 30 years?

4. What if i DP 20-30% and loan for max tenure, then perhaps when i have more cash, can i just finish paying in lump sum say within the next 10 years instead of 30 years, even tho my agreement with bank maybe 30 years.

Your advise and input is greatly appreciated.

Thank You.

This post has been edited by Freemasonry: Mar 21 2019, 03:01 AM

Up

You can have two option. Either to learn yourself or just pay more to let others do and possibly scam you since you know nothing.

I prefer the first method. If you are not happy, you may as well dont bother to reply. If it is a big buck, you havent seen the real shots. Im just a peanut.

This is my first time, learn to be mercy. If i dont provide my financial overview, at the end of the day, financial ply a big role in buying houses, and if you need a right advise, saving others time from asking more, you put your cards on the table, and have a faster, more efficient discussion.

This post has been edited by Freemasonry: Mar 21 2019, 06:02 PM

Thanks a lot! Perhaps i will have to force myself to fly back then.

Thank you very much for such input! Ive honestly never thought of this! Im not even close to the really succesful people, but i would like to thank you for such compliment. Believe me, this financial info is not to sport with others feelings, but upon the conveniences which upon inquiries may find necessary when advising — not otherwise.

Your advise is truly remarkable for me as a first time buyer. It is a completed project not long ago, not sure if there is any owner moving in already, but will try!

I am confidence to say, all of matters, property is a sector im totally clueless , but i wish to congratulate you upon entering your ever first property