Hey guys, I'm in my 30's now and I'm still single. I own a condo but still drives my dad's old Proton Waja to this day.

I'm wondering, at this point, do I purchase another house/condo (for investment purposes) or do I get myself a brand new car?

My heart tells me that I should get myself a new car (Mazda or Camry) but my gut is telling me to get a second property for investment.

So, I've listed down the pros and cons of each choices:

Buy new car
Pros:
1. It's probably time to replace my old waja. It's 20 years old.
2. Better chance to get girlfriend
Cons:
1. It's a liability. It's just a car at the end of the day.
2. Potential opportunity cost (e.g cannot invest in other things for a while)

Buy second property
Pros:
1. Potential long-term investment (not guaranteed and have to wait 10-30 years)
2. You have two houses
Cons:
1. Life is not all about buying houses like collecting pokemon cards. You need to enjoy life when young too.

What would you guys do?

Strongly recommend you to get a car below 100k budget.
Why car?
You sound like a financially responsible person. I'm sure you've been itching to enjoy a nice new ride and have held on for a long time. Reward yourself sikit lah haha.

Why not house?
Because your reason is for investment. I'm personally a strong advocate for "property to stay" only. There are so many risks with owning a house for investment - your house value might drop, developer issue, workmanship, renovation cost, rental woes, increased commitment... So many extra problems to worry about, I would even argue having 2nd house belongs to Cons section

Why under 100k?
This is my guesstimate based on your comparison - being able to afford a 2nd house, I believe such a budget for car will be easily affordable. With more information, you might be able to convince me you'll be fine with Mazda or Camry haha.

You will be a first time new car owner, so start slow is ok, it's already a big upgrade from your 20yo Waja. This budget also can get you a car full of modern features that improves safety. If you wanna survey for cars, head to Fast and Furious for advice.

Plus, got new car also good la for family, if you guys wanna go anywhere for long trip, I think a B segment sedan does the job.

Long term wise, it'll be a car you can use at a minimum of 5 years, can also support family if you settle down within these few years. You can save the rest of your money for investments - head to financial subforum, many sifus there

Lastly, you're not wrong when you say having a car improves your chances of getting a girlfriend, but make no mistake: there is a difference between a lady looking for a man with car vs. a man with BMW. Having a car equipped with basic safety is good enough. If it's me, I just want to be able to meet my partner easily instead of having my choices cut down to places that have public transport. A new car is a lot safer and comfortable also, enough for passenger to be able to take short naps good enough la.

WAH big boss level... 2nd property for vacation is a huge ass commitment solely for leisure! I can only imagine that for now until retirement, you will rent it out or do a AirBnb, basically let agent handle...? Then I understand the value of buying a property now for retirement, since property price in Malaysia is likelier to increase over time, especially if you're looking for "touristy place" to retire in, I think it's one less risk as government probably won't allow anything that decreases land value near a tourist place (like industry, garbage disposal sites etc..)

Also, it depends on how good your current car is. For TS case, 20yo Waja is unsafe and may have many wear and tear problems, so a new car makes more sense imo. A B segment local car can easily manage even at 5 year loan, with ample to spare for continued investment.