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 Prime Location Landed or Outskirt Landed 2022, old topic,but after covid, thing change

What would you choose if you have the budget of 1 million loan and cash in hand?
 
i am 20~30 year old, choose Prime landed [ 11 ] ** [9.82%]
i am 30~40 year old, choose Prime landed [ 32 ] ** [28.57%]
i am 40~50 year old, choose Prime landed [ 6 ] ** [5.36%]
i over 50 year old, choose Prime landed [ 1 ] ** [0.89%]
i am 20~30 year old, choose Outskirt landed [ 11 ] ** [9.82%]
i am 30~40 year old, choose Outskirt landed [ 27 ] ** [24.11%]
i am 40~50 year old, choose Outskirt landed [ 6 ] ** [5.36%]
i over 50 year old, choose Outskirt landed [ 2 ] ** [1.79%]
i done buying property, just want to see vote result [ 16 ] ** [14.29%]
Total Votes: 112
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autodriver
post Jul 7 2022, 08:48 AM

Casual
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Junior Member
405 posts

Joined: Jun 2015


Prime area is always the first priority to most people and most jobs due to nearer to work and convenient to access to restaurants, grocer, shopping malls etc. But thing changed after covid since more and more people used to work from home and some companies or works are now become WFH permanently. In this case staying outskirt is not a problem because no issue for traffic. Not convenient to go to malls? We can buy almost everything online same item as shopping mall retail sales while cheaper price.

Btw most of the time young people are only afford for apartment or condo in prime location rather than landed. Imagine a doubel storey house in Kepong at least 700k and 20 years old house. Downpayment plus all miscellaneous fees cost at least 100k. Repair, minor renovation, electrical items and furniture will cost another 100k and total billed to move in gonna beyond 200k meanwhile still baring 660k mortage loan in 35 years. How many young family afford to pay 200k upfront for prime area landed property then?

autodriver
post Jul 7 2022, 09:26 AM

Casual
***
Junior Member
405 posts

Joined: Jun 2015


Why people choose to stay in prime area? Convenient for commuting is the biggest reason of it. People are tired of spending hours to drive to work and back from office. This issue gonna be settled in 15 - 20 years time when automonous driving is mature. Some may doubt is it possible to reach to us within 20 years time. Yes, it is highly possible reach to us within 20 years. It is getting more common for level 2 automous and while in level 4 basically consider fully automation. We just pick the location and the car will drive automatically, we can rest or sleep inside the car. Plus charging the autonomous EV car is favour to have landed house rather than condo. My own assumption 20 years later majority of high rise building may drop lower than the purchase price.

 

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