i bought first home at 30 (semi D corner) , second at 38 (Condo) and third at 40 (landed terrace)...
end up no money to finance a new car now
damm heavy commitment until age 70

you got very high expectation....

1st property buy unit good enough, flat/appartment/condo

20% cukup

got 100k savings, buy 500k unit with 10% downpayment
SPA/duty/legal fee where got need 5%? you buy mansion ka?
10% for misc and keep ramaining for rainy day

semi newish unit, reno kitchen or bath room, basic kitchen, kasi paint all change some light, use existing furniture ok la... other stuffs can later do.
Kitchen and bathroom is most susah do after moved in.

Best no need to do anything else, save money buy another bigger property later.

poor people dun act like elite

I wont say must buy or keep on renting.

Coz even among my siblings i witness so much money being spent on their dream home…and eventually after just a few years the house have to be vacated due to they kena transfer to work other states, district, change job with better offer…

And this happen to all 4 of my bro and sis

Also 1 of my older sis already plan to sell her semi D in Seri Manjung Perak. Thought she gonna retire in Perak but fate brought her to now work in KL…

My older bro bought a bungalow with land near taiping but now its wmpty as he and wife been transferred to work in sarawak…

My younger sis just spent almost 600k for a 3 storey super link in ipoh town plus some nice reno…not even a year she gaduh with her bos and kena transfer to small village in slim river…

My youngest sis with her 2 storey house in ipoh and next year need to transfer selangor or kl to complete her specialist practical in those hosp….

Rich helang/t20 ipoh yo

I feel these youngsters buy 300-400k house dont even have extra money for renovation in epf, so dont buy something out of your capability

worse thing is lend money to cover many holes

Most of them when 23 24 25 buy 400 500k property ada fama bank one or grandfather mother bank or inheritance

Rm3k above rental is top end house.

If you forsee thats golden opportunity for you to invest, go for it. But most of the time its not worth to lend money to buy something thats not easily cash out. Its just supply is too much at this poiint

RM500k peasant
RM3k+ monthly rental top end pulak

Apa lagi <insert race> mahu???

for condo/flat maybe surplus

real deal is on landed now

Most rental price i know all below loan interest rate. Cause either owner already pay off the loan, got early developer discount, or just barely offset loan to resell at higher price in future. I know a studio unit only rm2.8k only fully furnished with included water and WiFi. Imagine what rm3k above can get u.

I know someone trying to sell a dilapidated apartment for rm600k with a decade old plumbing, unrenovated at suburb. That was some time ago, heard owner selling at lost.

Wow bro RM2.8k for a studio unit?

Which area?

now cant finance a new car then only at 70 u could start enjoying life with 0 debt, u dont find something wrong with it? tf

Wow bro RM2.8k for a studio unit?

Which area?

I pay RM1700 for a fully furnished 440sqft studio.
-Bangsar area.

Pre-covid used to rent upwards of RM2200 for fully furnished (all units were fully furnished by developer)

Today anything that is RM2000 or above either no tenant or is a unit that's furnished and renovated by an ID.

Building is 50% empty.

What age expected to buy own property ? If only start to purchase  own home at 40 is normal?

Or 30 start home loan

I think rent fully furnished nicer as can every few years can move

But eventually want to have 1 home base instead of parking in parents place