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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


 

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