900k and need to sell within 1-2 years later.. i dont think property is a good choice.. what if you cant sell it that time? 900k stuck to this property..
Financial Wise to dump RM900k on 1st property? Condo
Financial Wise to dump RM900k on 1st property? Condo
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Oct 20 2023, 01:27 PM
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Junior Member
382 posts Joined: Jul 2008 From: Penang |
900k and need to sell within 1-2 years later.. i dont think property is a good choice.. what if you cant sell it that time? 900k stuck to this property..
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Oct 20 2023, 01:56 PM
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Junior Member
40 posts Joined: Jul 2019 |
Landed subsale in prime area actually worse, if you plan to stay yourself. Every views blocked by those new high rise condos, can't see nothing. Bad safety. Need to fork out more for repairs & renovation. Traffic jams in front of your gate. Outdated look compared to those new condos. Noisy if near train tracks. It is only good for the land value (investment), nothing else.
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Oct 20 2023, 02:05 PM
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Senior Member
5,611 posts Joined: Apr 2011 From: Kuala Lumpur |
Let me advise you something. If you did not earn that pot of money, you will not know how to keep it. Better for you to just start your first house with affordable housing and work your way up from there. Having capital injection from your parents will just give you a false impression that a property is cheap, when it is super overvalued. When you have to use your own money, then only you'll feel the pain of it and make more calculated decision. Aurora Boreali, woolei, and 5 others liked this post
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Oct 20 2023, 02:49 PM
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Senior Member
1,773 posts Joined: Dec 2013 |
QUOTE(Tamsin @ Oct 20 2023, 06:48 AM) I think many ktards forget this pointfama foundation wins ALL If TS parent is well to do I would say go for it dont need to wait just use up their moni If u 0 fama foundation its conlanfirm NO for 1st prop to straight buy 900k unless u CEO monthly salary 50k dont put all ur salary into just 1 prop next month will build another nicer condo next to yours |
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Oct 20 2023, 03:04 PM
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Senior Member
1,086 posts Joined: Dec 2016 |
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Oct 20 2023, 03:18 PM
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All Stars
14,511 posts Joined: Sep 2017 |
QUOTE(Aaron212 @ Oct 20 2023, 02:49 PM) I think many ktards forget this point Some don't understand that it is actually Pama decision and money. fama foundation wins ALL If TS parent is well to do I would say go for it dont need to wait just use up their moni If u 0 fama foundation its conlanfirm NO for 1st prop to straight buy 900k unless u CEO monthly salary 50k dont put all ur salary into just 1 prop next month will build another nicer condo next to yours TS has no say. This post has been edited by mini orchard: Oct 20 2023, 03:25 PM |
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Oct 20 2023, 03:22 PM
Show posts by this member only | IPv6 | Post
#27
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Junior Member
215 posts Joined: May 2013 |
landed bro, gonna get real expensive in future.
lucky dude who has fama to sponsor you. |
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Oct 20 2023, 03:26 PM
Show posts by this member only | IPv6 | Post
#28
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Junior Member
424 posts Joined: Aug 2021 |
It is a steal long as you like it ..
Location wise is easily accessible to literally every where ... Good amenities and infra around the neighborhood too You shouldn't think more if i were you |
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Oct 20 2023, 04:12 PM
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Senior Member
1,917 posts Joined: Feb 2016 |
QUOTE(Tamsin @ Oct 20 2023, 10:48 AM) Seeking advice from veterans here. I'm 28 this year and in the process to purchase my 1st property with the help from my parents. I am planning to buy a 1.6k sqft unit (ayanna residence) in bukit Jalil. What bothers me the most is the extremely huge amount of money thrown in here and I would like to sell it in the future to purchase a bigger house upon nurturing my family growth, as I'm planning to tie the knot in 1-2 years. I have asked my friends and people around me about the pros and cons of the property. Some say location its good, some say its bad. Why buy such an expensive condo when you can get a subsale landed at a cheaper price? Condos are the worst investment, you will definitely lose money and the list goes on. Define dump here, as in cash purchase ?The reason why I chose this condo because of its price and location, nothing more. Its close to the highway for me to travel to my hometown in melaka and go N9 & Shah Alam for work. Going to central KL/PJ will be a hassle, but I'm willing to sacrifice for the latter options. Food, mall and other amenities is near me, so I can ease in my new life here in BJ Back to my question, is it wise for me to dump such an amount for a condo? I'm very worried that I could be making a disastrous choice, but houses are getting so expensive in KL and apparently the norm to obtain a 1k sqft+ property condo is already starting at 600k+. It is my 1st property and I don't want to make a bad decision that will affect the rest of my life thinking that I could have used the money to invest in business or something more worth This post has been edited by jojolicia: Oct 20 2023, 04:17 PM |
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Oct 20 2023, 04:35 PM
Show posts by this member only | IPv6 | Post
#30
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Senior Member
2,854 posts Joined: Jul 2013 |
how much is the monthly maintenance fee ? if u are okay to pay monthly, then its fine.
with RM900K is good to secure a decent second hand house in puchong or kinrara.... long term the price of landed is proven better than high rise. |
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Oct 20 2023, 04:35 PM
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Senior Member
2,834 posts Joined: Dec 2020 |
QUOTE(scorgio @ Oct 20 2023, 11:30 AM) Own stay ok, if don't bother about capital appreciation. People still think capital appreciation is linear. Buy 500k now will be 1M in 10 years. BU9 condo, 12 yrs ago my fren bought 1.2mil, now also still 1.2mil. TS maybe settle for something more intermediate that you know is easily rentable to young professionals like yourself when you upgrade. 1k sqft at around 600k sounds fine. |
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Oct 20 2023, 05:54 PM
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Senior Member
2,215 posts Joined: Oct 2010 |
Landed is always the best.
Just select carefully in good areas and survey first the surroundings for any future high-rise developments, high tension cables, etc |
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Oct 20 2023, 05:57 PM
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Senior Member
4,224 posts Joined: Mar 2014 |
Cut it short... buy landed at matured area where Chinese population more than 50%... sure wont get wrong one....no need scientific analysis and guru talks...
those cakap landed apa bagus?... all got hidden agenda... either no duit or never living in landed... |
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Oct 20 2023, 08:34 PM
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All Stars
14,511 posts Joined: Sep 2017 |
For many diy beginners, I don't think someone will buy a 1600 SF condo.
Anyone with that budget and age will likely be now living in a detached house and maybe with a pool. So used to large spaces, a 1000 SF doesn't fit 😄 I don't see how a terrace will fit into the plan and capital appreciation is not always a priority with that background. Maybe someone having a unit in klcc can shed some light 😂 |
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Oct 20 2023, 08:45 PM
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Junior Member
786 posts Joined: May 2018 |
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Oct 20 2023, 09:08 PM
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All Stars
14,511 posts Joined: Sep 2017 |
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Oct 20 2023, 09:36 PM
Show posts by this member only | IPv6 | Post
#37
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All Stars
48,485 posts Joined: Sep 2014 From: REality |
QUOTE(redondo88 @ Oct 20 2023, 01:56 PM) Landed subsale in prime area actually worse, if you plan to stay yourself. Every views blocked by those new high rise condos, can't see nothing. Bad safety. Need to fork out more for repairs & renovation. Traffic jams in front of your gate. Outdated look compared to those new condos. Noisy if near train tracks. It is only good for the land value (investment), nothing else. Then which project u can recommend??That fit all your requirements 😏 |
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Oct 20 2023, 10:11 PM
Show posts by this member only | IPv6 | Post
#38
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Junior Member
60 posts Joined: Oct 2020 |
If the RM 900k can only spent for your own house but not for other purposes, then just buy a landed house. I wouldn't think twice with such a strong FaMa foundation.
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Oct 20 2023, 10:20 PM
Show posts by this member only | IPv6 | Post
#39
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Junior Member
156 posts Joined: Mar 2022 |
QUOTE(redondo88 @ Oct 20 2023, 01:56 PM) Landed subsale in prime area actually worse, if you plan to stay yourself. Every views blocked by those new high rise condos, can't see nothing. Bad safety. Need to fork out more for repairs & renovation. Traffic jams in front of your gate. Outdated look compared to those new condos. Noisy if near train tracks. It is only good for the land value (investment), nothing else. If already have one landed, is 900k condo still wise? |
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Oct 20 2023, 10:29 PM
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All Stars
14,511 posts Joined: Sep 2017 |
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