Dear all,

Do you have any recommendation for the budget above? I discussed with my friends and parents, parents prefer me to look around Kepong area. I'm open to any suggestions. My repayment target is around 5-10 years. I'm planning to take out around 50k from the EPF to pay for it.

It may be for living or renting out as I am staying with my parents. They are happy and do not mind me staying. So, this will either be investment or for self usage once I'm married. Nyway, have already decided that I will go for property investment to diversify my investment.

Any suggestion or feedback or critisim is very appreciated

Landed property for a long term investment is always better, because condos you need to bare the maintenance fee in the long run, and many who bought condos earlier finally decided to shift out to a landed property because if you calculate the maintenance fee in the long run, it is a large sum indeed.

There are a few new developments that is 100% completed in Kepong area, do browse around and see which one is to your taste and budget.

Bandar Sri Damansara current market value for a 2-storey terrace house is already appreciate till hitting around RM500K+ as compared to their previous launched price at RM300K+

Or you can try scouting around Bandar Sri Damansara 2 opposite the traffic light, there are a lot of single storey terrace house there, easier for your parents to move around the house too, cause normally a 2 storey terrace house is always a hassle for old folks, even for my family.

If you looking around Kepong area, try to see if there is any Jinjang house up for sale, cause i saw a couple of nicely renovated bungalows there done up nicely. price wise is not cheap though

Cheers
QS

This post has been edited by quiksilve: Oct 11 2007, 12:42 PM

Thanks bro, any comment on condos or housing on Metro Prima?

gtghost,

if you are buying one for investment and also posibbly for own stay after you are married, IMO you should go for :

1. A condo/apartment instead of landed

2. Properties located outside of Kepong. Kota D is a good altenative

I dont know too much about Kepong, but I think Kepong's apartment and condo' has been poor in terms of capital gains or rental yield. Im sure Kepong would be nice for own stayers, but invesment wise, peronally dont think its a good one.

too congested that area... bro... no good for investment as only condos n apartments build up over there...........

What about Mont Kiara?

the BIG question is whether u can get anything less 250k in MKiara?


But, if your have the means to buy a 300k property in MK, then rent it out anything more than 2k p/m, it should be a decent investment.

Mon't Kiara is way out of budget bro too expensive

refer to your budget, you can only buy condominium in KL but not landed property unless you want further area such as
shah alam, puchong, bangi, kajang....
even some of the new build condominium is cost more than 300K

depends on which part of Puchong and Shah Alam... a lot are above 300K...

there's seremban 2, putra heights, sungai long, klang... search around and you will know your budget is too little

@gtghost,
Is there a particular reason to picking Kepong as a location? Which areas are you really looking into? I don't think RM300k is gonna get u anything decent at Mont Kiara.

i'm from kepong mate. Metro Prima is booming anyway. but i would not invest there though..as they said it, they are places with much better return, e.g. KD

for that budget, you can get apart/condo. As for landed property, you need to scout further than city centre:)

gtghost,

How do you come up a budget of 200K to 250K?? And, if you have a budget of 200K to 250K, you cannot afford a house that is price at 200K to 250K. The reason is there are additional costs associated in buying and straying in a house.

For example, it costs on the average of 30K to move in a house. So, just by deducting 30K, you can only afford a house that is 170K to 220K. Plus, we have not factored in ALL other costs.

How much monthly loan payment can you pay per month?? For example, you should not pay MORE than 25% of your monthly gross income on house.

The point that I am trying to bring up is you have not done a proper calculation to find out how much house can you afford. And, the house that you lived in is NOT AN INVESTMENT. It is a LIABILITY.

Dreamer

@dreamer101,
The house we live in, if paid up and owned should be seen as an ASSET, and not a liability.

tinkerbel,

That is YOUR OPINION. And, it is not share by me and many others in our wealth building path. We judge an asset by cash flow.

An asset is something that give you money every month. The house that you live in does not give you money every month unless you rent it out. In fact, you have to pay money every month to maintain your house. It is an expense. And, it does not matter how much the house is appreciated. It means nothing until you sell it. And, when you sell the house that you live in, you have to buy or rent another to live in.

Dreamer

Sri Petaling / bukit Jalil...2nd hand house / condo.
quite a lot of renter because near by have 2 colleage...2 lrt station.... bus directly to mid valley...technology park malaysia...
Vista comanwel renting rate is around 300-400 per room to those medical student...

if want for stay also nice...2 taman near by (bukit taman jalil * 2, 1 is near golf park)
surrounded by 5 highways (kesas, seremban-kl, sg-besi highway, and 1 new highway to putrajaya, MRR2)
2 super market ( care4, the store )
fews primary school and 2*2ndary school nearby ( although is gangster school) .
got planning to open a chinese primary school so far i heard.

price is a bit higher from ur budget...300k for double storey 22* 75 or above
but some house is 16*6x is cheaper (2 storey)....
or u can keep an eye on bank lelong...

p.s so far away from kepong....is the another end of MRR2 ....still consider link with kepong....

This post has been edited by xlancer: Nov 29 2007, 12:20 PM

@dreamer101,
Yes, the earlier post is merely MY opinion. My definition of an asset is something we own hence the house we live in (assuming it's been paid up) is what i'll consider an asset. An investment on the other hand is something that has the possibility of earning one some money each month.

I don't think we can or should judge an asset by just cash flow. Perhaps u had meant 'Investment' instead, and not Asset? *shrugs*

@xlancer,
TS ask for houses around Kepong area but u go suggest one that's on the total opposite end of the direction You're right, it's just 1 road away - in that case, maybe should recommend TS to look at houses in Rawang or maybe even up North in Sg Petani? *grins* It is also just 1 toll away *grins*

This post has been edited by tinkerbel: Nov 29 2007, 02:00 PM

Easier explanation...is car an asset even after you've paid off all the car loan?

Anyway, back to the topic. I.e. IMO not much choice if one is scouting for landed properties around that budget. Unless of course look out of town. But I don't think there's anywhere in KL.

@b00n,
If it belongs to u, it's an Asset. Who said assets only appreciates. Car's an asset which depreciates in value.