I am currently looking forward to purchasing my first property and would like to get some second opinion.
There are currently 2 properties that I am looking at and this is purely for own stay purposes.

Property 1
There is this 800+ sqft sub-sale condo that is nearby my workplace which would cost a little more than 500k(fully furnished) depends on negotiation. It is fairly new and not more than 2 years old. By purchasing this, I can just walk to my workplace. I have considered the fact that I might not stay in the same company in the future, however I have been renting nearby for few years and are quite fond of the surrounding location. The downside is however it would deplete 80% of my saving with all those downpayment, stamp duties, legal fees etc.

Property 2
The second one would be the infamous extremely high density RC residence, despite all the negative feedback, the price and location are extremely appealing to me. It would take me around 15-20 mins drive at most to reach my workplace with usual traffic. I prefer the 800 sqft where it would cost me less than 400k, however there is the cost of petrol and time for travelling.

I have around 4k each month after deducting all the expenses, ptptn and car loan, the remaining after the housing loan+maintenance+utilities will go into saving. I am in no rush to purchase now but I think it is good to start looking and do some research. I really like everything about the sub-sale condo but the thoughts of depleting most of my saving does not bode well for me, and also the fact that I might be too unrealistic by purchasing 500k properties.

Could all the sifu please enlighten me.

Need more info on the 1st unit, how much did it sell for new? Is it a freehold? Easiest if you just provide the name for it.

Also never get suckered into buying a fully furnished place at a premium. If it is used then 2nd hand furniture is worth 1/3 its new price after it is a year old, only exception are some IKEA furniture which is worth 50% up until it is 3-5 years old.

As for me, I won't buy a place like RC for the simple reason that in future it becomes breeding grounds for all kinds of social issues, for most people buying a home isn't a multiple event in life, so think carefully whether it is worth to live there.

From the looks of it, you are possibly single and in terms of job, you are very mobile. Also, your looking for sub-sale.

Btw for sub-sale, you dont get full valuation of the property from the bank. Just so you know.

If time and money are on your side than what i suggest you do...

If you like a particular area or condo, you rent it first.

Why you may ask? The reason as follows:

U get to know what is good n bad abt ur condo.
- some condo have walls that r paper thin.
- your neighbour cud be a jack ass.
- the management is in shit tonne of debt.
- facilities r not properly managed.

Thanks for the input, I appreciated the input. The 1st unit is from trinity aquata and it was vacant since he received the unit, regardless whether true or not, that is what he said though.

Thanks for the valid input, I have been renting nearby for few years, albeit not trinity, maybe I should just observe and monitor how it goes since I have had few friends renting in trinity.

For all sifu here, there is also another project named Damai Residence that caught my attention which is also 15-20 mins drive to my workplace. It was around 550k for 900+ sqft fully furnished, there entry cost is less than 10k with all those rebate and freebies, however I am not sure whether it is feasible long term to only have 1k saving each month after deducting loan and everything, however my car loan which will be paid off in 2 years will free up 700+ cash.

If you are still single, why buy trinity aquata subsale 3 bedroom unit now unless you got plan what to do with the house.
Yes aquata just recently VP. Nobody stay before should be true.

Central Residence located nearby got studio unit. If you still single but want stay at own house now at the moment.

This post has been edited by AskarPerang: Jun 5 2019, 02:21 PM

Trinity Aquata? Its a nice play and built by a good developer but was an expensive and supposedly premium development.

There were many units that were heavily discounted and huge rebates on them to get it to change hands.

My take on this, 800+sf for a 3 bedrooms makes for a very tight living space. If you are fine with this then by all means this is probably a better choice than RC. I won't be in a rush to buy one here.

As for Damai Residence, currently the development that is all the rage in that area is Trion. Personally not too keen on the area due to the traffic. Also it would get worse if ever that Bandar Malaysia ever takes off.

Personally at this budget and locale, I'll wait and see how much PV Mira launches for unless you need a place right away.

But between RC and TA then TA it is for me though I'll wait till a very good deal.

That one quite rundown these days isn't it?

Plus can see the cemetery on the side facing the highway.

Out of curiousity... why facing cemetery is bad. 😅.

Some people pantang, some people believe it is unlucky and some believe it will be haunted.

You can consider the smallest unit of Trion, after rebates, should be close to your budget. 70% furnished, freehold. It gets completed in 4 years time, so you have time to plan out your financials if you're okay with waiting and paying interest.

I'd dump RC if I were you. That place is omg-high density. I don't think it's healthy to be staying in that environment, but each to their own.

ur tenant/future buyer will use that to tekan ur price down further.