Nissan serena hybrid is a good value for money option although depreciation hits hard in the first few years. Or else, get a vellfire / alphard and standby another 20k for anything that may fail. I'm assuming you're looking for a 2013-2014 vellfire?

Reading through the war of comments, I find the comments abit not helpful.
What i can only decipher - You dont buy a car with warranty, if anything goes wrong, "its the end of the world. It's your coffin"
Warranty warranty warranty.

I mean, how horrible can it go? The whole car gonna explode and kill all the passengers, if don't buy a genuine Toyota with warranty? And Toyota is not gonna be responsible for a blown up car?
(I had to exaggerate to knock some sense)

RM 200K difference is a huge difference to justify going for a genuine , Toyota Vellfire.
if its a Bimmer or Merc, okay , that's justifiable because of the spare part price. But a Toyota? Not even a Lexus.
Toyota are as reliable as they can be. And even if let's say,in the event the CVT gearbox goes down, it can be fixed with a budget of around RM 5k. Not changing to recond part. There are CVT specialist out there.

And there are 3rd party workshops (not those bawah pokok workshop) offering specialize servicing in recond Jap cars .

yes there is pros and cons of a recond Vellfire / Alphard. People still buy it because of the price.

And if it were me having a healthy budget for Vellfire, I would want to be seen in a Vellfire, not a Serena. No offense , but truth is, status wise, Vellfire is one class above Serena.