if possible, buy it earlier... the longer you wait, the less value your money has... with the construction material increasing at 10-20%... 6 years later you won't even get a small condo with RM300k...

then again... location is a major factor... if you don't mind traveling, passing tolls, high petrol bills, you can always go for properties out of the city... these that mentioned are quite out... rawang, seremban, nilai... which i personally don't see the point...

getting a house together will potentially lead to problems in future because all of you will lead your own lives and have different lifestyles and commitments along the way...

that's even better, i'm sure you can get a decent Semi-D with RM300K

well, if all 3 of you cooperate and dump in your bonuses for 5 years, most probably your loan is pretty much done by then

be careful of the lock-in periods of mortgage loans though... in general, these loans come with a 5 year lock-in period, if you do an early redemption, the bank will charge you a penalty... i think its 3% of the remaining loan balance...

i recommend that you do some light research now as looking for a property is different from buying vegetables from the market

this way you have better options, keep track of the current and future developments around the area that you are interested in, also the price of the existing houses, what's the selling price now and a year later... then you can decide whether you want to get from developer or from secondary market...

one won't be able to predict recession...
just take it as a safety precaution as whenever there's a recession, there's an abnormal surge in the stock market, something similar to what's happening currently...
look at the Shanghai and Dow Jones' index... i guess it won't be so soon but like what Dreamer101 said, most probably it will happen in the next few years... who knows?