As the title says, currently working overseas and have cash at hand, lets say maybe 400k for example, would it be advisable to get a new project property, or to hold on to the cash and invest in dividend paying stock until I return home and shop around for resale / auction property.

Future plans not to have kids / family.

Sifu's insightful advise and life cookies are much appreciated here

If got cash in hand for retirement house of course subsale in the city centre instead of sankala new township. You will need a the convenient, healthcare and infra that new sankala township cannot give you.

Currently I got my loan approved for Skyline Kuchai Lama, but I'm still deciding whether to take up this property since haven't signed up S&P, even if taken up, the plan was to clear it off after the 3 year lock in period for the loan, property chosen was for A Block, 920 sft 3b2b, at 541k.

Kuchai Lama not really considered a sankala area, but would it be advisable to take it up ?

Ok

subsale many bargains now interest rates rising. new launch high rise is for water fish with not enough cash for 10% deposit.

Depends what direction you want to play, unker state it 1 by one ya

1. New property
1.1. Rental -> consider that you will need to get somebody to manage the renting process, good thins is that, somebody is paying your instalment, if can get somebody to manage, then it's tood
1.2. Appreciation -> condo, especially new ones, value will appreciate, 20 - 60% depending on (many factors), if all consideration is done properly, then it is good
1.3. Downfall 1 -> if not rented, you will have to pay maintanance fees from your pocket

2. Stock market
2.1. Dividend stocks -> KLSE is on discount at the moment, a good company pays 5 - 7% dividend per year, and superb company pays 10% dividend per year
2.2. Buy hold and upvalue stocks -> For this one, you will have to look at the stock everyday, unless you enjoy it lah

3. Auction property
3.1. This itself is a kungfu to learn

Get a link factory better (sub sale), 400K put as deposit.

possible the rental can match your installment.

also, normally tenant is long term and no maintenance required.
only the assessment bills is very pricey.

With so much cash, u will have the upperhand in subsale market on desperate owners

With the situation now, many dont have much holding power need to dispose few props ASAP if not kena lelong

Or try out lelong market

This.

Until kv poorperly overhang is reduced substantially, poorperly price is likely remains suppressed. if rm continue on long term down trend, you will be better off to bring in foreign currency later. most high rise aged/decay faster than most expected and if you are not in hurry, you may have better choice later.

advised to keep your foreign earning at blue chips stocks until your return.

Look for landed la, PJ, Ampang and Cheras within 3km from reputable hospital fully capable of emergency respond and critical care. Not every hospital is the same. Look for area first before find house.

How many year only you will back? If 5 year 10 year, will feature property price increase more than your salary increasement? If your target is high rise then not worry, but if landed, as early as possible.

No.. Best to get sub sale .. Select location that is matured that best fit your needs

invest

What was so special about this place for you? If you’re earning foreign currency then do aim a bit higher la. No judgement if you REALLY want to live here for whatever reason.

Put in EPF, sure can sleep soundly every night without fear of scam, unless wanna get a place to stay

Use cagr calculator to calculate, if u put in epf 5.5% dv with reinvestment of div, with 400k 5 years u get 520k+ , you need to ask yourself if your house value can increase 120k in 5 years time.

Similar if throw maybank share, 6% dv , u get 535k , if you still top up money quarterly or yearly, the result is even better

this or saham if your Bumi. unless you need a roof go with your condo.

People who are earning big overseas currency with bigger buying power can afford to get a really premium own stay property which you otherwise wouldn’t wherever you’re working. Choose wisely. The only recession proof property are blue chip ones if you didn’t overpay in the first place.

For consideration:
1st- with sufficient medical insurance coverage
2nd- get ready the “WILL”
3rd- low risk investment

P/S: no need a house for single. Just rent will do.