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Financial Wise to dump RM900k on 1st property? Condo

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nexona88
post Oct 20 2023, 10:31 PM

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QUOTE(bigman @ Oct 20 2023, 05:57 PM)
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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Arvinaaaaa
post Oct 20 2023, 10:34 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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900k better but landed property at alam impian.
Tan&tan
post Oct 20 2023, 11:04 PM

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QUOTE(mini orchard @ Oct 20 2023, 09:08 PM)
I can agreed with ugly facade or no GnG but additional 200k reno is no issue for a beginner with 900k budget.
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I don’t know la but what I know is youngster Nowadys step in landed geli geli want need hack and redo all and smelly bla bla bla . Hence they go landed with lesser headaches . Afterall is just a place to stay .
Tan&tan
post Oct 20 2023, 11:05 PM

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QUOTE(Arvinaaaaa @ Oct 20 2023, 10:34 PM)
900k better but landed property at alam impian.
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Far af . Chinese say Niao bu shen Dan . Friend want come your house also sien
Tan&tan
post Oct 20 2023, 11:44 PM

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QUOTE(mini orchard @ Oct 20 2023, 09:08 PM)
I can agreed with ugly facade or no GnG but additional 200k reno is no issue for a beginner with 900k budget.
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900k project is easier than buying a 500k Subsales .
Chanzeryl
post Oct 20 2023, 11:56 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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My dear friend, please do better research about the developer's track record before paying gold for copper cry.gif
redondo88
post Oct 21 2023, 09:11 AM

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QUOTE(nexona88 @ Oct 20 2023, 09:36 PM)
Then which project u can recommend??

That fit all your requirements 😏
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His current choice is already good with the location with RM560+ psf. Just need to research more for better views, convenience, facilities offered, better traffic area etc. Plus he might not need that big of a space, so can save more.
Aldo-Kirosu
post Oct 21 2023, 09:34 AM

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For ownstay and take important for quality living this big size unit and location ts choose I alright. But for resell value Definately not as good landed surrounding. I personally mark this condo as ownstay design condo as the price is high due to freehold title. But I will not recommend ts this project is not for long term ownstay (more than 10year) as my opinion condo is more suitable for investment purposed and rental. Plus now dbkl already banned partition room, so it's very very hard to recover the interest.


But for ownstay expect without talk the condo appreciate value, this condo and the size Ts choose is fairly ok compare to the surrounding landed house. Direct comparison for opposite landed, I not sure it 2 storey or 2 half storey but it marketed 1.2m to 1.3m. But 900k can get 4 bedder 3 bathroom and 1 store room is sufficient with a family or 3 generation together will current less children family. Parent can stay at masterbed room, couple can stay another masterbedroom. And there are another 2 room for feature children very sufficient.
bigman
post Oct 21 2023, 09:47 AM

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QUOTE(Aldo-Kirosu @ Oct 21 2023, 09:34 AM)
For ownstay and take important for quality living this big size unit and location ts choose I alright. But for resell value Definately not as good landed surrounding. I personally mark this condo as ownstay design condo as the price is high due to freehold title. But I will not recommend ts this project is not for long term ownstay (more than 10year) as my opinion condo is more suitable for investment purposed and rental. Plus now dbkl already banned partition room, so it's very very hard to recover the interest.
But for ownstay expect without talk the condo appreciate value, this condo and the size Ts choose is fairly ok compare to the surrounding landed house. Direct comparison for opposite landed, I not sure it 2 storey or 2 half storey but it marketed 1.2m to 1.3m. But 900k can get 4 bedder 3 bathroom and 1 store room is sufficient with a family or 3 generation together will current less children family. Parent can stay at masterbed room, couple can stay another masterbedroom. And there are another 2 room for feature children very sufficient.
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900k cash + loan (top up) can get landed at very prime area already
Aldo-Kirosu
post Oct 21 2023, 10:12 AM

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"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"

yeah i agree sub-sale prime location. But from what i can see the TS talking, i believe he have a very huge house at the Melaka? He seen like often go to shah alam & negeri 9. With 900K cash i think TS is from a rich family, so he are looking for condo sometime he is more considering easy management. Condo with security and strata easy manage compare to landed house. And for people already have big house stay, sometime they are more enjoy about the highrise for the good KL city view + resort style facilities lifestyle. Make sure he pick a right direction so that the view of the condo is nice.

Imagine if he currently staying at semi-d or bungalow at melaka but choose landed at prime area double storey, actually the living experience is not huge different compare to 4bedder condo at city. And everytime if his family member want to visit the TS, condo bring more resort and holiday mood feeling to his family member.

But its depend on TS.

If today he is asking for investment advice, this project definately out, but if project comparison surrounding Bukit jalil, i think ayanna still have some worth point. If condo vs landed for appreciation value, then form beginning he may start asking landed house question but not condo kind question
sijun
post Oct 21 2023, 10:59 AM

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Condo will always be a no-no for me. next to no capital appreciation and extra cost in maintenance for facilities you'll rarely touch.

as majority of others have said, with a 900k budget, better landed. especially if already have plans to dispose in the near future.
ck_chew
post Oct 21 2023, 12:59 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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Asking such a question in a public forum like this and u'll get too many opinions and views from people with their personal biasness.

If ur buying for own stay, it really depends on whether u like the location and product or not. I've heard the presentation from Chin Hin's management on Ayanna before, I must say the layouts, design, concept and partially furnished package vs the price point is very good value for money, especially compared to the surrounding like Sunway Flora. But take cognisance that Chin Hin's recent product delivery has been very much below expectations.

On condo living, I've lived in a landed all my life and transitioned to condo living few years ago. I must say its a very good decision and I cannot imagine myself living in a landed house anymore.

If ur looking at it from an investment standpoint, then a 900k investment for a condo at that location is unlikely to bring u much capital appreciation or rental returns, unless perhaps, Chin Hin really surpasses expectations beyond what was promised (but i doubt so). Moreover, 1600 sqft will cost u a bomb for maintenance fees.

Perhaps, if FOMO is not affecting u (or ur parents), u can consider revisiting Ayanna later on when the product is close to completion so that u can have a better idea on its quality to reduce ur risk. At the same time, visit many many other properties to open up ur comparability vs Ayanna.

Good luck!
bigman
post Oct 21 2023, 02:41 PM

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QUOTE(ck_chew @ Oct 21 2023, 12:59 PM)
Asking such a question in a public forum like this and u'll get too many opinions and views from people with their personal biasness.

If ur buying for own stay, it really depends on whether u like the location and product or not. I've heard the presentation from Chin Hin's management on Ayanna before, I must say the layouts, design, concept and partially furnished package vs the price point is very good value for money, especially compared to the surrounding like Sunway Flora. But take cognisance that Chin Hin's recent product delivery has been very much below expectations.

On condo living, I've lived in a landed all my life and transitioned to condo living few years ago. I must say its a very good decision and I cannot imagine myself living in a landed house anymore.

If ur looking at it from an investment standpoint, then a 900k investment for a condo at that location is unlikely to bring u much capital appreciation or rental returns, unless perhaps, Chin Hin really surpasses expectations beyond what was promised (but i doubt so). Moreover, 1600 sqft will cost u a bomb for maintenance fees.

Perhaps, if FOMO is not affecting u (or ur parents), u can consider revisiting Ayanna later on when the product is close to completion so that u can have a better idea on its quality to reduce ur risk. At the same time, visit many many other properties to open up ur comparability vs Ayanna.

Good luck!
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Pls visit Andes to get answer … you statement just too many guessing

chicargo
post Oct 21 2023, 09:40 PM

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The location is not really bukit jalil. This is actually kinrara.

If there's 3 categories of Bukit Jalil prime, Bukit jalil fringe and fake Bukit Jalil, Ayamna falls into the 3rd category

Tan&tan
post Oct 22 2023, 12:19 AM

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QUOTE(chicargo @ Oct 21 2023, 09:40 PM)
The location is not really bukit jalil. This is actually kinrara.

If there's 3 categories of Bukit Jalil prime, Bukit jalil fringe and fake Bukit Jalil, Ayamna falls into the 3rd category
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Prime =km1
Fringe = the rainz
Fake = Andes and this ayanna
Tan&tan
post Oct 22 2023, 12:20 AM

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QUOTE(bigman @ Oct 21 2023, 09:47 AM)
900k cash + loan (top up) can get landed at very prime area already
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Very prime ? 900k where got landed . Unless those geli geli want more than 20 yo . Neighbour no quality . Better condo close the door who’s your neighbour not your problem
1282009
post Oct 22 2023, 10:02 AM

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If 3-4 persons in a household, ~1200sqf is good enough imo.

Tan&tan
post Oct 22 2023, 12:11 PM

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QUOTE(1282009 @ Oct 22 2023, 10:02 AM)
If 3-4 persons in a household, ~1200sqf is good enough imo.
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1 person 500sf . Sufficient . A family of 3 . 1500sf . Etc
Aldo-Kirosu
post Oct 22 2023, 08:29 PM

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1 person 500sqft too luxury haha. Even a landed house 20x60 1600sqft need to fitted with 5 people, so its very depending on the layout design for a highrise project

I think a good layout better have 3bathroom with at least 3bedroom. Now a day majority condo standard with 3room 2 bathroom design. Its ok for a family use but if it for investment, then less 1 bathroom can be a lot harass especially live by girl tenants spend longer time at bathroom during morning time.

I ever live at a condo with 1200sqft but the design is 2bedroom 3bathroom (1 masterbed, 1 common area, 1 yard) the living hall is very spacious but waste of place better design it became 3 bedroom & 3 bathroom.


Fat3Twister
post Oct 22 2023, 10:00 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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1. Can further explain "help from parents"? Ayanna is offering 13% rebate iirc, hence no DP required, no acquisition cost too like legal fees, stamp duty etc.
Age doesnt limit your property purchase, your financial profile is. If you're financially well and can afford 1 mil property, why not?

2. If you already plan to sell it in the future, so ignore those advice saying "if you like it, just buy since you're buying for own stay". You must think of the exit plan at the time of your purchase. Not only exit plan, but also holding plan in case you cant sell. Can the rental cover your instalment? I agree to what Bigman bro suggested go for somewhere where chinese population is >50%, the more the better. My condo in Wangsa Maju, despite fetching good rental, want sell also no value, just cover cost only. Prime part of bukit jalil want sell also not easy d, kinrara? err...

3. You're going to tie the knot very soon, go for subsales, look for those completed recently or going to complete soon especially your parents willing to help. Buying new project for own stay is a gamble, everything based on imagination only. And many things can happen in 4 years, you may want to change your plan but got stuck with this.

4. Some say always avoid condo and go for landed, I only agree to a certain extent. I will only go for landed at good location, GnG, freehold and if my family grows bigger. I had been staying in landed for 30 years before I moved to condo 5 years back. Me and my wife prefer condo over landed. Easier to take care, less house chores to take care, facilities for our kid to enjoy, better security etc. 16xxsf is never too big for a family of 2 or 3. I'm staying in 15xxsf unit with wife and baby, just nice. If financial allows, go for bigger unit. Dont be afraid to rent, although chinese always prefer to own a property. I own properties but I moved out from my own property and rent a unit in Park 2 Pavilion, best decision ever. My rental is 50% lesser than the instalment and maintenance charges if i were to buy a unit here. You can rent first and wait for Ayanna to complete, then go see yourself and buy subsale. I believe the price wont appreciate a lot by then but you elimate all the risk.

5. I'm actually quite surprise many say this is a good location. With the upcoming Ayanna and Vierra, and also plenty of vacant lands nearby, you might want to check the access roads during peak hours now and imagine how it's going to be especially rumawip has 16xx units and most of them come with 1 car park.

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