Hi All,

First off, I don't have very supportive parents and would typically first shut me down before doing anything. I've been self-navigating through my life since then and I hope to seek some opinions on purchasing my first housing property before making any decisions, and with my circumstances, I hope to gain some personalized advice from the online forum here.

I'm currently working with a salary of RM4k and side income of RM500 per month (so nett is around 3.5k + 500 = 4k). I'm looking to spend around 2k+ on monthly housing payments and I'm eyeing to purchase either:
1) Emerald Hills, to rent out first, then move into it as my own house later on. I personally like a bit of nature and my own town area kinda feel.
2) Nestree, solely as an investment property that I'm looking at township development in 10-20 years time and resell it. Then yeah, I won't be holding any property in Malaysia in this case.
3) Sunway Flora, my parents are eyeing this property since they're familiar with Sunway and it's near where they currently live. I don't mind but I worry if the pricing would be higher for Sunway property (the price isn't released yet) and slightly iffy that it's near my parents' place.

I may intend to migrate overseas after a few years but with Malaysia being my home, I ultimately would love to come home. Now I'm just looking at an opportunity to get a nice place and slowly pay it off while my career grows.

I don't pay any rent and have moved out to live with my partner. So based on my 3.5k nett salary and say I deduct 2k from it, I'm paying no other commitments besides paying 500 back to my family and spending 600 a month on food. I try to cook at home as well and reserve the remaining 400 as a buffer.

I am looking to increase my salary as I progress through my career and most likely intend to buy after the recent election if possible.

I see, I was seeing this advice on other posts as well and since you've mentioned that, I'm convinced haha. Thank you

Wahh I see, then I should just focus my eyes on RumahWIPs then haha. Thank you too

Thanks for this kind post with all the useful tips. I actually do intend to put some downpayment in and that was a mini idea. I failed to mention that while studying "overseas", I have a scholarship allowance and saved up all of it since I stayed in msia due to covid (hence I say "overseas") and I still part-time my own allowances. I'm letting it sit in my overseas bank as foreign currency investment and with the slow recession economy, that's when idea of scoping out housing investment came in.
My parents did advise me not to pay a large sum for the downpayment just to lower my monthly payments, but I'm asking here with all the credentials I have for now as consideration for my monthly commitments down the road.

I just found out about PPAM after digging more from rumahWIPs and my partner is eligible. So maybe I'll still just eye some of these. Really just eye, I'm gathering as much info from all you kind peeps and reserving savings on hand in the msian bank for now Other than that, some FD and other minimal stuffs to help me while I figure adulthood out.

I'm grateful that you stress on my first property as well. U and the rest are seriously giving me great tips. Thanks again, it means a lot!

Hey all, just wanna sincerely thank everyone for being patient with me and guiding me through my shortcomings and providing meore insight.
My family is definitely the "study hard, work hard" but scared to do anything else type. So it's a huge step that I get some good insights and guidance here now.
I'm not very adamant about getting a property now but will build my portfolio to get higher pay. I'll do more homework around the forum with the pointers I got from here! Preciously dunno ma... kept doing specialized searches haha

Thanks for giving me some thoughts to think about! Yeah you're right, what I love right now may not be what I like next 10 years... plus things change and who knows I might have more kids than I intended in the long run... who knows right? You're right on that, thanks btw. Also I agree on saving my foreign currency part.

I do have some considerations on buying a property while I'm here since going overseas is not a I say I want to go then I go thing. Another thing is that while I'm here and still diligent on working hard and saving as much as I can, the money can go somewhere. I am gathering ideas on where it may go and I'm not hard stuck on housing yet. Seeing the advice on the thread, I'm more inclined to wait it out and buy next year.
I am thinking about buying while I'm here since I can invest in it and process any paperwork/maintenance etc process flows in-person myself before I go overseas. Plus once I go overseas, I'll need to help my partner out a bit since his background is more employer dependent while mine is remote friendly, so having some passive income through this period can help us both. Or in the long run, the passive income from rental can be money I transfer to my parents monthly for their retirement. I am trying my best to think ahead and shoulder the family myself before I go off anywhere so I wouldn't have to worry if I could've done anything for them.

I'm 23. I agree with the other posters though, I'll focus on finding strategic locations for investment than own-stay since I might change my mind on where I want to stay in the longer run. Also, see if I can get a loan for them too.

Thanks again everyone, the conversation helped give me tons of perspective and insights on where else to look from. I'll close the thread to not steal commenting time from other topics.