I’m facing almost similar dilemma. I’ve been looking for own stay nearby my workplace in KL. Just before Covid / MCO, i found a nice place. I placed my booking and applied for loan. It just got approved last week. But looking at the current situation, i’m not sure too myself to proceed or not?

I’ve also decided to look for undercon due to lower entry cost and it supposed to be completed by early 2022, so will gives me a bit more time.

Things that bothers me is that, the uncertainty about current situation; Covid, economy etc2. With my current income, i’ve managed to get the loan approved. I guess my rental income i’ve got from my other properties helped. Right now it is still ok, but deep down i’ve bit of concern what if my rental income affected few months down the road? With regards to my job, touchwood but it is a stable job. Nevertheless, i still need to prepare for the worst. I’m supposed to get quite a huge salary increment by end of this year or early next year. Which will gives me a lot more breathing room. But given the current situations, i’m worried if it will be delayed, or worst, not as how i expected.

Owh, and another thing is that, the bank offered me 4.05%. Im hoping to get lower, but only if i take MLTA which i dont intend to as this is for own stay. With that also maybe i can get only around 3.85-3.9.

If i’m not ‘in a rush’ for find a new place to stay, should i go for it or wait-and-see?

Hmm.. thought so. The banker insisting me to take MLTA to reduce the rate instead. Their tactics? I dont know.