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 advice on buying property for short stay, then head overseas for studies

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TSmr mad
post Apr 3 2019, 01:06 AM, updated 7y ago

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I need advice. Basically, Im in my early 30's, single and looking to purchase the first property.

I have been collecting cash since starting working and looking to buy one in the next few months. But recently, I also decided to do a Ph.D. overseas at the end of the year.
This Ph.D. will take me 4-5 years to finish and I am hoping to settle in the country where I would be doing my Ph.D. after that.

But, my old folks are pressuring me to still buy a property in Malaysia no matter what my decision about the Ph.D. They are willing to give me like 30-40% cash to purchase a property with condition that I have to move to the new house once I buy one. So, I need to get a recently VP unit or subsale.

But, I am in a dilemma. I don't see my plans in this country in the future but at the same time, I don't want to miss this opportunity to use the cash from them.

My bigger issue is it best to buy a property below RM 600k or around the range of RM 600K to RM 900K. I am thinking of which type of property is easier to sell in current market condition say in 3-5 years time. I think properties below RM 600 k is easier to sell as most Malaysians income capacity are up to this level whereas the expensive houses are limited to rich ppl.

Ultimately, I like to use this cash to fund a property overseas. smile.gif

Godsake
post Apr 3 2019, 04:09 AM

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QUOTE(mr mad @ Apr 3 2019, 01:06 AM)
I need advice. Basically, Im in my early 30's, single and looking to purchase the first property.

I have been collecting cash since starting working and looking to buy one in the next few months. But recently, I also decided to do a Ph.D. overseas at the end of the year.
This Ph.D. will take me 4-5 years to finish and I am hoping to settle in the country where I would be doing my Ph.D. after that.

But, my old folks are pressuring me to still buy a property in Malaysia no matter what my decision about the Ph.D. They are willing to give me like 30-40% cash to purchase a property with condition that I have to move to the new house once I buy one. So, I need to get a recently VP unit or subsale.

But, I am in a dilemma. I don't see my plans in this country in the future but at the same time, I don't want to miss this opportunity to use the cash from them.

My bigger issue is it best to buy a property below RM 600k or around the range of RM 600K to RM 900K. I am thinking of which type of property is easier to sell in current market condition say in 3-5 years time. I think properties below RM 600 k is easier to sell as most Malaysians income capacity are up to this level whereas the expensive houses are limited to rich ppl.

Ultimately, I like to use this cash to fund a property overseas. smile.gif
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Hi there, I'm actually a property agent. If u don't mind u can WhatsApp me and I can assist u on it.

This post has been edited by Godsake: Apr 3 2019, 04:10 AM
AskarPerang
post Apr 4 2019, 07:57 AM

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Which area will be your prefer choice? Need to narrow it down as between 600k to 900k newly completed property, you will have plenty of choices.

Location nearby your parent place?
Location nearby your work place?
Location new to you, and you would like to venture out staying at a new place?
kidmad
post Apr 4 2019, 08:02 AM

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char siew don't get a places because you want to use your fama's cash.. really wanna move out then just rent temporary.. your parents could be sad deep down thinking their char siew want to abandon them hence the offer to try to tie you down here.
akky
post Apr 5 2019, 08:59 AM

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I might have an own unit which going to VP soon.
If you don't mind we can talk bout it further.

Thanks
e-lite
post Apr 6 2019, 05:46 PM

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QUOTE(mr mad @ Apr 3 2019, 01:06 AM)
, I don't want to miss this opportunity to use the cash from them.

Ultimately, I like to use this cash to fund a property overseas. smile.gif
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This one is bastard son bangwall.gif

 

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