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Financial Wise to dump RM900k on 1st property? Condo

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Cavatzu
post Oct 23 2023, 08:20 AM

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QUOTE(Fat3Twister @ Oct 22 2023, 10:00 PM)
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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Having more space never goes out of style. But if the ultimate dream is to have a nice landed somewhere, shouldn’t one focus on a decent unit that can appreciate and aid in that goal? Can a 1500 sqft unit in Bukit Jalil do that for you? If you are happy to buy it and live in it indefinitely that’s fine but does it work as an investment later on if this is a stepping stone unit.

People from other states are very malleable and potentially think in very simplistic terms as they have minimal ties and understanding of micro locations. Being close to a highway to drive home is not a valid reason to buy something.

shaoching
post Oct 23 2023, 08:46 AM

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after so many advice. TS just keep silence...then better go and google it
bigduck
post Oct 23 2023, 08:51 AM

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TS why not look at Aurum Sri Petaling? Location definitely better than Kinrara
bigman
post Oct 23 2023, 08:55 AM

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QUOTE(shaoching @ Oct 23 2023, 08:46 AM)
after so many advice. TS just keep silence...then better go and google it
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and back to square...

better rent the unit first then decide later after get familiar wit the area...no need too rush to put money into... cash is king...
shaoching
post Oct 23 2023, 09:16 AM

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QUOTE(bigduck @ Oct 23 2023, 08:51 AM)
TS why not look at Aurum Sri Petaling? Location definitely better than Kinrara
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i think kinrara BK5 is much better. walkable glocery shop, LRT station, fitness center, food court, and surrouded by mature township
Fat3Twister
post Oct 23 2023, 09:30 AM

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QUOTE(Cavatzu @ Oct 23 2023, 08:20 AM)
Having more space never goes out of style. But if the ultimate dream is to have a nice landed somewhere, shouldn’t one focus on a decent unit that can appreciate and aid in that goal? Can a 1500 sqft unit in Bukit Jalil do that for you? If you are happy to buy it and live in it indefinitely that’s fine but does it work as an investment later on if this is a stepping stone unit.

People from other states are very malleable and potentially think in very simplistic terms as they have minimal ties and understanding of micro locations. Being close to a highway to drive home is not a valid reason to buy something.
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My 2c on the 15xx sf unit doesnt relate to this ayanna purchase decision. I was referring to the idea of getting big size units after we have more than 2 children or plan to stay with parents which i don't agree on it. If you noticed, i mentioned i rent a 15xx sf unit in Park 2, if I were to buy a unit of Park 2 during its launch (which i booked but cancelled afterwards to make way for Aster), I would have bought a unit around 1000sf. For own stay, it's always better to buy a completed unit which fits your current requirements and preference
Fat3Twister
post Oct 23 2023, 09:34 AM

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QUOTE(shaoching @ Oct 23 2023, 09:16 AM)
i think kinrara BK5 is much better. walkable glocery shop, LRT station, fitness center, food court, and surrouded by mature township
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Well, one man's medicine is another man's poison. I believe every areas also sure got people wanna stay there.
Aurum got MRT2 and also in a mature township itself
bigman
post Oct 23 2023, 10:01 AM

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QUOTE(Fat3Twister @ Oct 23 2023, 09:30 AM)
My 2c on the 15xx sf unit doesnt relate to this ayanna purchase decision. I was referring to the idea of getting big size units after we have more than 2 children or plan to stay with parents which i don't agree on it. If you noticed, i mentioned i rent a 15xx sf unit in Park 2, if I were to buy a unit of Park 2 during its launch (which i booked but cancelled afterwards to make way for Aster), I would have bought a unit around 1000sf. For own stay, it's always better to buy a completed unit which fits your current requirements and preference
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if you can afford Park 2...then aster just a peanut for you.... unless you buy 2 biji aster 6xxsf to replace 1 biji 7zzsf park 2.... or 5 biji aster 6xxsf replace 1 biji 1500sf park 2....

2 development is totally different league ...one is affordable TOD at Cheras another one is the most expensive high end at Bkt Jalil...

sorry... i dont see any logic behind your cancellation since you emphasis on own stay.... cos aster for me is product more for investment than own stay....

Back to current market, subsales at Aster rather stagnant with few lelong units kick in… but I believe the rental demand is there (rental follow market price ) cos direct attached to MRT…

For the park 2 … rental should be ok as well and unit for 1500sf now can sell at nearly 1.9mil… the asking price over there about 1000psf depend on unit… for unit facing park with balcony … asking price May higher

This post has been edited by bigman: Oct 23 2023, 10:29 AM
bigman
post Oct 23 2023, 10:03 AM

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QUOTE(Fat3Twister @ Oct 23 2023, 09:34 AM)
Well, one man's medicine is another man's poison. I believe every areas also sure got people wanna stay there.
Aurum got MRT2 and also in a mature township itself
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aurumn is not township ya...is stand alone project which attached beside matured area Sri Petaling....
shaoching
post Oct 23 2023, 10:14 AM

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QUOTE(bigman @ Oct 23 2023, 10:03 AM)
aurumn is not township ya...is stand alone project which attached beside matured area Sri Petaling....
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yes.i agree aurum is not within township also. if really want to relate it to a matured town, probably its just at the most border of sri petaling. cant really relate aurum with any walkable amenities.
talking about near to MRT, i believe some might has mislook that you need to climb the 800m slope on the way return to your unit.
long distance+slope = worst case senario

This post has been edited by shaoching: Oct 23 2023, 10:17 AM
redondo88
post Oct 23 2023, 10:20 AM

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QUOTE(Cavatzu @ Oct 23 2023, 08:20 AM)
Having more space never goes out of style. But if the ultimate dream is to have a nice landed somewhere, shouldn’t one focus on a decent unit that can appreciate and aid in that goal? Can a 1500 sqft unit in Bukit Jalil do that for you? If you are happy to buy it and live in it indefinitely that’s fine but does it work as an investment later on if this is a stepping stone unit.

People from other states are very malleable and potentially think in very simplistic terms as they have minimal ties and understanding of micro locations. Being close to a highway to drive home is not a valid reason to buy something.
*
For gen-x above minded yes. They always go for traditionally bigger house, must be landed and all. But for the current generation, they don't need too much space. More space = more maintenance = more cleaning. Mostly just need the facilities offered by condos. More activities instead of bigger living room (don't even use every space most of the time).
bigman
post Oct 23 2023, 10:23 AM

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QUOTE(shaoching @ Oct 23 2023, 10:14 AM)
yes.i agree aurum is not within township also. if really want to relate it to a matured town, probably its just at the most border of sri petaling. cant really relate aurum with any walkable amenities.
talking about near to MRT, i believe some might has mislook that you need to climb the 800m slope on the way return to your unit.
long distance+slope = worst case senario
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Actually the slope is quiet gentle … no problem at all for normal healthy person… only worry about raining day… cos no cover walkway provided …
cedyy
post Oct 23 2023, 10:26 AM

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if i were you i'd look for subsale.
shaoching
post Oct 23 2023, 10:35 AM

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QUOTE(bigman @ Oct 23 2023, 10:23 AM)
Actually the slope is quiet gentle … no problem at all for normal healthy person… only worry about raining day… cos no cover walkway provided …
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8th&stellar do promise their purhcaser for the covered walkway. however, dint see any progress yet todate.
anyhow, i believe the walkway will be congested as need to serve stellar,aurum,serina & comercial lot.
Fat3Twister
post Oct 23 2023, 02:45 PM

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QUOTE(bigman @ Oct 23 2023, 10:01 AM)
if you can afford Park 2...then aster just a peanut for you.... unless you buy 2 biji aster 6xxsf to replace 1 biji 7zzsf park 2.... or  5 biji aster 6xxsf replace 1 biji 1500sf park 2....

2 development is totally different league ...one is affordable TOD at Cheras another one is the most expensive high end at Bkt Jalil...

sorry... i dont see any logic behind your cancellation since you emphasis on own stay.... cos aster for me is product more for investment than own stay....

Back to current market, subsales at Aster rather stagnant with few lelong units kick in… but I believe the rental demand is there (rental follow market price ) cos direct attached to MRT…

For the park 2 … rental should be ok as well and unit for 1500sf now can sell at nearly 1.9mil… the asking price over there about 1000psf depend on unit… for unit facing park with balcony … asking price May higher
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I have 4 units in Aster if u wanna know.
I bought 2 side by side units for own stay as my parents staying in cheras.
As i said, plans always change. My wife prefer to stay in Bukit Jalil

Sold 1 unit in Aster bought at 534k at 650k...stagnant?

And also Aster so far only 1 unit got auctioned off at first round auction, second unit called off d

This post has been edited by Fat3Twister: Oct 23 2023, 02:50 PM
Fat3Twister
post Oct 23 2023, 02:46 PM

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QUOTE(bigman @ Oct 23 2023, 10:03 AM)
aurumn is not township ya...is stand alone project which attached beside matured area Sri Petaling....
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I was saying Aurum in a mature township, which is sri petaling.
Never did i say aurum is a township
bigman
post Oct 23 2023, 03:01 PM

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QUOTE(Fat3Twister @ Oct 23 2023, 02:45 PM)
I have 4 units in Aster if u wanna know.
I bought 2 side by side units for own stay as my parents staying in cheras.
As i said, plans always change. My wife prefer to stay in Bukit Jalil

Sold 1 unit in Aster bought at 534k at 650k...stagnant?

And also Aster so far only 1 unit got auctioned off at first round auction, second unit called off d
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wow...big boss here.... instead last time i'd drop 2 units booked in aster and switched to Tropika at Bkt Jalil and landed at Elmina...

hehe...diff people diff appetite ...cannot say which right which wrong...

anyway i got units at park sky ... even on paper untung 2xxk plus per unit...but for me still stagnant when considering minus inflation and deprecation of Rm....
Fat3Twister
post Oct 23 2023, 03:14 PM

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QUOTE(bigman @ Oct 23 2023, 03:01 PM)
wow...big boss here.... instead last time i'd drop 2 units booked in aster and switched to Tropika at Bkt Jalil and landed at Elmina...

hehe...diff people diff appetite ...cannot say which right which wrong...

anyway i got units at park sky ... even on paper untung 2xxk plus per unit...but for me still stagnant when considering minus inflation and deprecation of Rm....
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Big big boss's strategy is different, focusing on CA while small potato we need to have the cashflows, else my name will appear on lelongtips.
There's no right or wrong, go for the one we are comfortable with

Anyhow, the main point of my post was to tell TS if wanna buy project, dont ignore the investment value coz we wont be 100% sure that we will be staying in as plans changes.
futurevision_ben
post Oct 23 2023, 03:51 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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hi boss, want to get some opinion from lowyat senior

let say for 2 sty landed freehold link house, which would be your pick?

1. Puchong Bandar Puteri / Bandar Kinrara 22 x75sf rm1.2m (very new house)
2. PJ Bandar Utama 22 x75sf rm1.2m (about 20 years house, need some reno)

tq smile.gif


bigman
post Oct 23 2023, 03:59 PM

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QUOTE(futurevision_ben @ Oct 23 2023, 03:51 PM)
hi boss, want to get some opinion from lowyat senior

let say for 2 sty landed freehold link house, which would be your pick?

1. Puchong Bandar Puteri / Bandar Kinrara 22 x75sf rm1.2m (very new house)
2. PJ Bandar Utama 22 x75sf rm1.2m (about 20 years house, need some reno)

tq  smile.gif
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for me I will go for newer development.... my choice is number 1.

1.2mil only can get subsales.... for new development at Bandar Kinrara.... now already 1.5mil onward...

if you can get 1.2mil in BK8. terus grab... for BK 5, choose Desiran, Melody, Hening...

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