It's not about the legal process, it's the emotional part of it, imagine if joint loan which needs both signature, if she boh song you or die die want you stay and use that reason not to sign on the document, what can you do? Kill her arh? Or you break up then she don't want pay her part and also don't want to sell, you gonna bear it?

If you do not want to burden yourself, Rumawip or now call Residensi Wilayah also not bad.
300K house with installment + maintenance fee around RM2,000 per month
Need calculate your current monthly expenses (rent, car loan, petrol, toll, food and misc)
I used to calculate like that in my earlier days before buy my property.
Less not get so stress about buying property, there is no fixed age to buy.
Buy when you are ready.

Need also have money for renovation after get key. That will set aside at least 20-30K as now all also increased price.

https://residensiwilayah.kwp.gov.my/

Best is NEVER buy a house with GF, it will give you a free of mind if break up.
Emotional aspect that you cannot manage. It will get ugly if not mature enough.

Your CCRIS will all stucked, cannot get loan for your own house if not manage correctly.

350k @ 4k celery, subsale.

surprised my loan got approved, but of course it was thru CIMB, which is supposedly the easiest to get approval

Girl Friend > Breaking up
Wife > Divorce
Sibling / Family dynamic > Unfair
Buy property we can afforded, need joint loan mean over budget.

For breaking up case, how serious for joint loan?
The house ownership is for 2 person, so doing any transection or selling need to get both party consent and signed the document.

Problem is here, after breaking the relation, who want to bear the responsibility for that house? As the house itself is already over either one affordability.

Scenarios 1: Agree to sell. Problem if the house sale get profit, how to spare? If rugi leh? how to spare? Before this who pay the more? who pay less? Fair?
Scenarios 2: One party want to hold. 35year finally finished the loan, name transfer moment, either one party will asking money from another party to sign the doc, or never sign, so they are legit staying at "own" house, even not paying 1 sen
Scenarios 3: If one party is declare bankruptcy, then this house will be own auction. If let said after sale the house, still own bank a lot of money. Another party will affected too.

etc etc scenarios. so dont joint loan is the best lah haha. dont moral kidnapping another part to ask for joint loan, but instead buy property based on affordability. That why this thread owner very smart, getting more information and property knowledge from dai gor dai ka jie here.

rumawip kan ada

Yeah be mature, and not joint loan everyone buying a house, agree with you.
i do ever see some man use the joint name buy house method to enhance the marriage rate which is bad.

Mind if i ask which project is that? 400k able to buy single storey at KV area? is it subsale?

B4 buy need consider many things... Spa, legal fees, renovation, maintenance if any.... The price tag is just half the story

This post has been edited by kens88`: Jun 19 2022, 12:47 AM

Yes. Subsale. Owner let go cheaper during mco and because the condition not so good, need do heavy renovation

Do you think when recession comes, property prices might crash as well?

Yup for sure, definitely saving for those other fees

No other loans like car loan? Someone here got 500k property with about 5k salary. So not surprised yours got approved. How much is your repayment?

Any tips to look out for which project might be suitable for own stay or investment? Pretty hard to filter out good projects in sites like property guru.

To give context, I don’t really spend much on other stuff like entertainment. I would say normal spending. So I don’t mind spending 30-40% of my salary in a property.

nope, nth else

repayment back then was 1.6k

All about supply and demand.

If there are too much lelong or who urgent selling off their property for living.

And

Think what if developer need cash flow and they has alot unsold unit in hand?

This post has been edited by wilson1149: Jun 20 2022, 10:49 AM

Don't forget to factor in inflation and interest rate hike.

More than enough to get approve.

In 70% DSR you can get up to Rm 2.3k for installment.

For mrt station I can recommend you open Google map and see for each station surrounding. But so far for what I know is

M vertica little Hong Kong, yeah it's terrible but location wise ready good, if to avoid lift problem just choice lowest or highest floor.

Nexus Residence ( avoid this project for sure got problem or delay)

Arte cheras, full commercial title with luxuries design, only good for Airbnb, long term renting and ownstay not suitable

Guocoland Emerald 9 good for invest and ownstay, but per sqft is so expansive due to it freehold. This is mixed development, if success can get good return, if failed then will be disaster. But I think this project can be success but take time as developer is subsidiaries of hong Leong bank

Metro cheras, price ok, size ok, mrt distance ok, very normal project not more pros and cons

Chan sow Lin lrt k48 residence, size ok, let distance ok, price ok, just the unit without yard. Not so bad

Meta city seri kembangan, very rely on shopping mall, if gg then everything gg. And sharing you, shopping mall at klang valley already overhelm, so this quite hard, and developer not tracking record on managing a shopping mall before so yeah

Etc etc alot haha


Lelong serve lelong page at Facebook

Public transport sub-sale apartment or flat serve Google map and check iproperty to see wortg entry oh know, can see the apartment project at beside setia jaya KTM name menteri court apartment. As it have brt also, choose the nearest to public transport block look good. Etc etc.

😆