I am thinking to buy a second hand lease hold over 20 years condo in KL.


Or is better to buy a new one?


Ayam poor. Budget around 400k. Dont recommend 400k for 600sqft condo.

Own stay just buy anytime anywhere anytype you like
As long as stay happily

Own stay. But hope to get maybe few k cheaper also ok.

But dono should i buy from secondary market or from developer

nowadays 400k can buy landed house liao...due to the impact of economic, thanks covid-19
if mco 2nd time lagi i think the situation will get more serious ....

how old are you may i ask ? ownstay with family, secondary market no doubt since u already have your budget around 400k, if ownstay alone yourself only, can buy a new condo unit from developer...usual around 600 - 800 sqft is not hard to find....

Over 30. Still squat with parents.

Not much saving and not far from /k standard 20k a month.

This post has been edited by novblaze: Jul 29 2020, 12:19 AM

looking at what location?

Best time to shop now and wait for round 2 of lockdowns round the world

It’s buyer markets hence easy to find good deals around

Always about location location location 😂

Itik ask you whether you have at least RM80k savings by next year .... that is the minimum you need to buy a 2nd hand subsale of RM400k.

There is actually few criteria you need to look into it.

When? When you plan to move in?
Where? The location decide the price psf
What? What size do you prefer?

In case you are not rush, you actually can get 1 rumahWIP.

This is meet all your criteria but just need to wait for few years.

This post has been edited by khoocheekit: Jul 29 2020, 08:12 AM

My question is.. how many more years left on the lease?

2nd lockdown is almost certain will occur in this country. How long and how wide is another matter.

It is prudent to trade up with rising income.

Second hand u needed more $$ in hand vs new one...
Do u have like at least 80k in hand now? Since u says want buy 400k property...

think more than 80k.. lol.. lawyer fee are sakkai

Minimum ...

10% 40k

Lawyer plus mot 5% 20k

Basic reno 20k

Close eye 100k must have 😁

No, unless you don't have to take pathetic loan of 35 years.
It's pandemic, how to take a long term commitment?

Got money to pay then ok 👌

last few weeks banker told me wait for Jan 2021 there will be a lot lelong house which owner unable to pay after Oct 2020 (3 months no payment then lelong)

but today 3pm PM will announce loan moratorium extension...LOLz

Wangsa Maju 470k 3-bedrooms, brand new

lelong will be another story

He said banks suffered a total loss of RM6.4 billion, which affected their capacity in providing new loans totalling some RM79 billion.
https://www.malaysiakini.com/news/536531

Loan moratorium suspend loan repayment mean less funds is available for bank to disburse new loan, tightening liquidity, lower loan growth, less and slower property transaction moving forward.

This post has been edited by icemanfx: Jul 29 2020, 01:18 PM

what project? PM me i want

Is this the one near Aeon Alpha?

As long as you are financially prepared and have a clear vision of what you want, it is a good time to buy a property.

Buy a property from the developer can save you a lot of money.
HOC - Free legal fees on SPA, Loan Agreement; Free MOT & etc
The developer rebate which can up to 10% or more.
However, you may need to wait for the completion of the property and pay for the progressive interest during the construction period.

Buy a property from the secondary market, you can move in once the transaction is completed.
What you see is what you get, so you have a clear vision of what you get.
However, you need to be prepared at least 14% of the property price for the down payment and transaction fees (legal fees and disbursement on SPA & Loan Agreement; Stamp Duty on SPA & Loan Agreement; MOT and etc)

Where are you from, if KL/Selangor, you can buy rumahWIP or rumahselangorku What.

That one have to wait they pick

If rumahWIP no need i guess, there is plenty rumahWIP outside, what you need to do is look for the SA and ask them to help you, it's way easier