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.
- It is an individual preference. I strongly suggest you to make a visit to their showroom/site and ask qst such as what is include and exclude in the house once it is ready if you are getting those work in progress houses. Otherwise, just do a site visit for those that already built up.
- Do also check out the amenities nearby such as restaurant, schools, clinic etc ..
- MAKE sure you like the NEIGHBOURHOOD 

2. What about the maintenance fees of this property, how much does it cost and does it worth it?
- It is an individual preference.
- Depend what kind of property and usually the more exp. houses, the more cost p.s.f

3. Will bank give me a loan of say 30 years?
- Based on your age, yes. I got mine max for the first house.

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.
- When take up loan, better you inform the bank to do so. This is so that you can pick up the right loan to finish off paying.
- I know some loan will negate this .. should be Islamic loan if I'm not mistaken. Correct me if I'm wrong as I just simply recalled from my memory.


Your advise and input is greatly appreciated.

Thank You.