Continue to rent do not buy. Even at rm1.4k mthly you consider high then how to buy? After owning a property likely a high rise you got other mthly fees like maintenance, assessment, quit rent, can u afford it? Sit down do the math. Do not do calculation based on future salary, base on current salary.

Also, what if you loose your job? Then say your salary gets a cut say 20% from new job. Can u sustain? How long can u sustain? Many in trouble because they didn't do math. End up plenty auctions and bankrupt now. Suggest u look at auctions if you want to buy.

As stated in my earlier post, a housing loan is on average a 30 years committment and cannot escape few cycles of recession.

One can lose his job or business anytime during the 30 years and not limited to the 1st recession.

Even if borrower is incapacitated during tbe loan tenure, there is mrta to cover the outstanding loan if borrower has undertaken the purchase.

As long not over committed, nothing serious will happen. If at all the worst happen, liquidate even if is a loss. A loss from initial 500k is more painful than 200 to 300k purchase.

Plan the purchase and buy within affordability.

Timing of purchase has its pro and con.

Buy early ... longer long tenure, lower monthly repayment, earlier settlement, lower borrowered sum, 2nd purchase

Buy later .... shorter long tenure, higher monthly repayment,

best time to buy is yesterday, 2nd best time is today.

feel like this questions been asked a million times.

buy within your affordability range for own stay is almost never bad.

Spot on!!
Age and Time is your worst enemy, not the interest rates or rise in inflation or recession.

The earlier, you "endure" the pain, the better you'll be later one. 

best time to buy is yesterday, 2nd best time is today.

feel like this questions been asked a million times.

buy within your affordability range for own stay is almost never bad.

Lol- i tend to agree, but this make us sound like property agent want people to buy buy buy
there is also another extensive thread call Property Bubble which advice against buying ( since 2008?)

anyway- what is the future ? get a high rise at strategic location?
or landed at suburb

Many high rise seems more affordable these days - around 400-500 psf, that will be a good start ba

As if loan repayment is immaterial.

during a 30 years loan tenure, borrower will endure 2 or 3 economic recession.
Most of those who bought in the last few years would think otherwise.
700-800 psf even 1,000 psf was common a few years ago.

If you are looking for a place to settle down and pass on to your next gen then why are you worried about difficulty reselling in 10 years? I would say get your intentions right first. With limited resources right now it's practically impossible to get the perfect property. Sacrifices have to be made. See what you're willing to sacrifice only.

Most govt assisted housing would required consent b4 selling. Freehold or leasehold is inmaterial.

I bought a freehold rsku early this year through auction and have to apply for consent. I cannot go through the normal application because I dont qualify. If you have not own any previous property, better apply for one.

Current govt housing are actually good now compared to those 20 to 30 years ago. Is value for money. For the same 1000 sf area, you have to pay 500k above for private development, albeit with 20 facilities.
Most borrowers, if they completed a 30 years loan will see fluctuation of interest rate few times. Interest rates will not be forever going up or vice versa if the govt managed the economy properly.

If at all the situation is bad, everyone is affected but if borrower dont over committed, he can still managed.

Borrowers should try to pay off the loan as quickly possible.

Any extra money after provided for personal emergency should be used to settle the loan instead of investing elsewhere. In adverse situation, investment returns will be affected including capital.

No one can guarantee investments returns but banks can guaranteed that they wont auction the property if repayment is prompt or fully settled !

buy house then rent but stay in one room the house..

People who bought in 2013-2017 period really paid top dollar. Can’t be helped. Many did fall and those in ulu areas like Cyberjaya really got screwed. There are success stories too in the truly well connected and desired areas and buildings.

It’s still a good time to buy now if you know what you want and where to look for it simply because there’s so much choice. If you can buy a unit today that is 30% cheaper than what someone paid for it 5 years ago it’s a bit of a win la.

Because I am afraid if I get a Rumawip, my grandson or great grandson will have to worry about what to do with the contract once 99 years have reached. I heard that after 99 years, the government can take back the house even though u fully pay mortgage already and they won't help u with finding another house.

Because I am afraid if I get a Rumawip, my grandson or great grandson will have to worry about what to do with the contract once 99 years have reached. I heard that after 99 years, the government can take back the house even though u fully pay mortgage already and they won't help u with finding another house.

Freehold is actually not free from government takeover you know.

If die² want that plot of land, government can figure out ways to take it back.

And honestly by that point at the end of 99 years you're already close to the end or shuffled off your mortal coil unless your family is full of centinarians, and that's assuming you and/or your family will stay in that house or on that plot of land forever. Landed houses rarely tahan more than 40+ years without becoming severely expensive to maintain, at that point you might even decide to sell it and upgrade/downgrade. If is high-rise/strata by 20 years will be very run down.

The main downside of leasehold is actually the resale value, since banks usually hesitant to give loan to property with not much lease years left on title.

Buy for yourself first and foremost. Future generations can always find a solution with future generation's circumstances.

Freehold is actually not free from government takeover you know.

If die² want that plot of land, government can figure out ways to take it back.

And honestly by that point at the end of 99 years you're already close to the end or shuffled off your mortal coil unless your family is full of centinarians, and that's assuming you and/or your family will stay in that house or on that plot of land forever. Landed houses rarely tahan more than 40+ years without becoming severely expensive to maintain, at that point you might even decide to sell it and upgrade/downgrade. If is high-rise/strata by 20 years will be very run down.

The main downside of leasehold is actually the resale value, since banks usually hesitant to give loan to property with not much lease years left on title.

Buy for yourself first and foremost. Future generations can always find a solution with future generation's circumstances.

Yet many promote 'buy for children' 

It’s a smart sales strategy to build on historical cultural norms and create FOMO by exaggerating claims on land supply and inflation of construction materials.

In reality average units today are cheaper than they were 5 years ago with developers having to take less profit.

Agreed on the part especially when SA kept selling that land not alot already and material raise price, so cost will increase slowly.

But actually one thing interest me, if based on psf wise, landed would have the best deal compared to condo. It's just that the absolute price is not favorable.