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 What to buy for a 200-250k budget?, House or Condo?

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Pai
post Oct 11 2007, 02:16 PM

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QUOTE(gtghost @ Oct 11 2007, 12:25 PM)
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 tongue.gif
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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 wink.gif

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.
Pai
post Oct 11 2007, 03:04 PM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



QUOTE(gtghost @ Oct 11 2007, 02:55 PM)
What about Mont Kiara?
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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.


Pai
post Dec 3 2007, 02:44 PM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



QUOTE(dreamer101 @ Dec 1 2007, 08:50 PM)
My POV is that kind of POV will not help a person to get rich.  And, it is HARMFUL in the path of gathering wealth. 
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but yet you think its the right POV to gain weallth? Care to explain more? smile.gif

 

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