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Financial Wise to dump RM900k on 1st property? Condo

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pysh
post Oct 20 2023, 01:27 PM

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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..

redondo88
post Oct 20 2023, 01:56 PM

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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 Outdated look compared to those new condos.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.
victorian
post Oct 20 2023, 02:05 PM

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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.
Aaron212
post Oct 20 2023, 02:49 PM

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QUOTE(Tamsin @ Oct 20 2023, 06:48 AM)
with the help from my parents
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I think many ktards forget this point

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
rumahwip
post Oct 20 2023, 03:04 PM

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QUOTE(bigbang90 @ Oct 20 2023, 10:53 AM)
900k better buy intermediate terrace in bk5.

not too far from bukit jalil and landed appreciation is better. high rise is very oversupplied now.
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which terrace in BK5?
mini orchard
post Oct 20 2023, 03:18 PM

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QUOTE(Aaron212 @ Oct 20 2023, 02:49 PM)
I think many ktards forget this point

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
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Some don't understand that it is actually Pama decision and money.

TS has no say.

This post has been edited by mini orchard: Oct 20 2023, 03:25 PM
JustForCheonging
post Oct 20 2023, 03:22 PM

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landed bro, gonna get real expensive in future.

lucky dude who has fama to sponsor you.
LuckyBai
post Oct 20 2023, 03:26 PM

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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
jojolicia
post Oct 20 2023, 04:12 PM

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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.

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
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Define dump here, as in cash purchase ?

This post has been edited by jojolicia: Oct 20 2023, 04:17 PM
forever1979
post Oct 20 2023, 04:35 PM

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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.
Cavatzu
post Oct 20 2023, 04:35 PM

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QUOTE(scorgio @ Oct 20 2023, 11:30 AM)
Own stay ok, if don't bother about capital appreciation.

BU9 condo, 12 yrs ago my fren bought 1.2mil, now also still 1.2mil.
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People still think capital appreciation is linear. Buy 500k now will be 1M in 10 years.

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.


romuluz777
post Oct 20 2023, 05:54 PM

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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
bigman
post Oct 20 2023, 05:57 PM

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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...
mini orchard
post Oct 20 2023, 08:34 PM

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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 😂
Tan&tan
post Oct 20 2023, 08:45 PM

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QUOTE(bigbang90 @ Oct 20 2023, 10:53 AM)
900k better buy intermediate terrace in bk5.

not too far from bukit jalil and landed appreciation is better. high rise is very oversupplied now.
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And get ready for the ugly facade and to reno easily 200k above plus no gates guarded . Zzz
mini orchard
post Oct 20 2023, 09:08 PM

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QUOTE(Tan&tan @ Oct 20 2023, 08:45 PM)
And get ready for the ugly facade and to reno easily 200k above plus no gates guarded . Zzz
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I can agreed with ugly facade or no GnG but additional 200k reno is no issue for a beginner with 900k budget.


nexona88
post Oct 20 2023, 09:36 PM

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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.
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Then which project u can recommend??

That fit all your requirements 😏
ribby2020
post Oct 20 2023, 10:11 PM

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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.
bigduck
post Oct 20 2023, 10:20 PM

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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.
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If already have one landed, is 900k condo still wise?
mini orchard
post Oct 20 2023, 10:29 PM

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QUOTE(bigduck @ Oct 20 2023, 10:20 PM)
If already have one landed, is 900k condo still wise?
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I wouldn't say is a bad decision for all.

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