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Financial Wise to dump RM900k on 1st property? Condo

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Aaron212
post Oct 23 2023, 04:13 PM

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QUOTE(futurevision_ben @ Oct 23 2023, 11:51 AM)
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
*
number 1

connectivity is good just need to endure some jam but u go everywhere u got entertainment for young to old
futurevision_ben
post Oct 23 2023, 04:13 PM

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QUOTE(bigman @ Oct 23 2023, 03:59 PM)
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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thanks for reply

yes bk8 landed shoot up tremendously post covid, FOMO maybe?

perhaps need to look to older phase like bk8 emerald, sapphire or bk5

bigman
post Oct 23 2023, 04:21 PM

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QUOTE(futurevision_ben @ Oct 23 2023, 04:13 PM)
thanks for reply

yes bk8 landed shoot up tremendously post covid, FOMO maybe?

perhaps need to look to older phase like bk8 emerald, sapphire or bk5
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the old bk8 now asking price at 1.3mil onward... 1.2mil already got few transacted ...last year i nearly get sapphire 1.2mil...but unit grab by other without viewing...

recently just bought corner irama villa... price still below 2mil... but can foresee ... price will keep uptrend
Autocountstick
post Oct 23 2023, 04:22 PM

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buy shoplot seri petaling
Cavatzu
post Oct 23 2023, 07:25 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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This is an example of rentvesting. He bought units he rents out and he rents at a bigger upper class place which often can’t justify the price if it’s not an expat zone. More people need to think like this.

QUOTE(redondo88 @ Oct 23 2023, 10:20 AM)
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).
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People are not always at the bottom of the food chain. As one progresses then their appetites and tastes will change as well. Who’s going to absorb all the bungalows in Damansara Heights in the future if not the current generation who are doing well? Privacy, community and space is ultimately the biggest luxury a person will pay for in terms of property.
redondo88
post Oct 23 2023, 11:14 PM

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QUOTE(Cavatzu @ Oct 23 2023, 07:25 PM)
This is an example of rentvesting. He bought units he rents out and he rents at a bigger upper class place which often can’t justify the price if it’s not an expat zone. More people need to think like this.
People are not always at the bottom of the food chain. As one progresses then their appetites and tastes will change as well. Who’s going to absorb all the bungalows in Damansara Heights in the future if not the current generation who are doing well? Privacy, community and space is ultimately the biggest luxury a person will pay for in terms of property.
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That's the point. Extra large houses will be less relevant in the future, doesn't matter how much money you have. It will die with the old generation. Another example nowadays is the taste for sports car, it's dying.

People will only prioritize with the quality of space, location quality & how tasteful you are with your ID selection (can see its getting started now in TikTok).


Alvin1233
post Oct 23 2023, 11:26 PM

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Ask your parents at least sponsor you super heavy downpayment like few hundred K la. Then its worth it like that
Tan&tan
post Oct 24 2023, 12:43 AM

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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
*
Bu la for sure . ATAs then Kinrara 99 street .
Cavatzu
post Oct 24 2023, 05:54 AM

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QUOTE(redondo88 @ Oct 23 2023, 11:14 PM)
That's the point. Extra large houses will be less relevant in the future, doesn't matter how much money you have. It will die with the old generation. Another example nowadays is the taste for sports car, it's dying.

People will only prioritize with the quality of space, location quality & how tasteful you are with your ID selection (can see its getting started now in TikTok).
*
I don’t think so. Large luxury mansions will always be a status marker and be desired if you have the money. Don’t think through the lens of working class. The elites are your business owners, celebrities, inherited wealth etc. if you’re a multimillionaire, you still want to cram in with other people in a high rise?
Chadlonso
post Oct 24 2023, 09:35 AM

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QUOTE(redondo88 @ Oct 23 2023, 11:14 PM)
Extra large houses will be less relevant in the future, doesn't matter how much money you have.
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nowadays new houses built are getting smaller. large houses will always stays relevant especially you are T20. its a matter whether u can afford.
redondo88
post Oct 24 2023, 10:29 AM

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QUOTE(Cavatzu @ Oct 24 2023, 05:54 AM)
I don’t think so. Large luxury mansions will always be a status marker and be desired if you have the money. Don’t think through the lens of working class. The elites are your business owners, celebrities, inherited wealth etc. if you’re a multimillionaire, you still want to cram in with other people in a high rise?
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Nowadays highrise ain't cram like the condos 20years ago. These elites you mention mostly have highrise properties in prime area, and they use it more than the mansions far away from the city. The status marker you said is very grandpa mindset. Like when you have money must buy Rolex, Ferrari etc biggrin.gif .
Aaron212
post Oct 24 2023, 10:32 AM

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TS MIA after posting now tered derail adi
shaoching
post Oct 24 2023, 10:37 AM

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QUOTE(redondo88 @ Oct 24 2023, 10:29 AM)
Nowadays highrise ain't cram like the condos 20years ago. These elites you mention mostly have highrise properties in prime area, and they use it more than the mansions far away from the city. The status marker you said is very grandpa mindset. Like when you have money must buy Rolex, Ferrari etc  biggrin.gif .
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if one's single/couple, they will chose for affortable properties and go for others thing than can make up their status in front others.
if one's with family/married, they will get a bigger house to upgrade their living status for themselves.
with the condition both option having the same fund on hand.

so, i think diff generation might has some impact on their decision, but changing of mindset through changed of personal status will make up the bigger trend.
just my thought.

This post has been edited by shaoching: Oct 24 2023, 10:39 AM
knwong
post Oct 24 2023, 10:37 AM

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I own few properties

You got the right advice from your friends and family. Always buy cheaper for first property

When you want to get marry you and your spouse will likely decide to stay elsewhere
shaoching
post Oct 24 2023, 10:38 AM

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QUOTE(Aaron212 @ Oct 24 2023, 10:32 AM)
TS MIA after posting now tered derail adi
*
as usual la, once no more benefit, everything is disposable.
PAChamp
post Oct 24 2023, 10:42 AM

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QUOTE(redondo88 @ Oct 23 2023, 11:14 PM)
That's the point. Extra large houses will be less relevant in the future, doesn't matter how much money you have. It will die with the old generation. Another example nowadays is the taste for sports car, it's dying.

People will only prioritize with the quality of space, location quality & how tasteful you are with your ID selection (can see its getting started now in TikTok).
*
There is a trend where the aged parents who are well to do and used to live in big bungalows sent their children overseas etc. Then the children became independent and bought their own properties. The parents passed on and left the big house to their children but none of them want to stay there because they will need to spend money to renovate and/or they will have to buy over their siblings share in the house or simply the house is too big to take care of in their busy lives. Thus you can see many empty bungalows. And buyers of bungalows worth millions are quite scarce.

Someone posted BU or BK? answer depends on where your circle of family/friends are and work place is. All things being equal, BU for me.
cooldog_777
post Oct 24 2023, 10:44 AM

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it all depends on you.
if you can afford the monthly installment, then go for it.
condo or landed, all depends on your personal liking and preference.

bigduck
post Oct 24 2023, 11:35 AM

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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
*
BU would be a nicer place to live in, but less food choices compared to BP/BK


Cavatzu
post Oct 24 2023, 12:39 PM

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QUOTE(PAChamp @ Oct 24 2023, 10:42 AM)
There is a trend where the aged parents who are well to do and used to live in big bungalows sent their children overseas etc. Then the children became independent and bought their own properties. The parents passed on and left the big house to their children but none of them want to stay there because they will need to spend money to renovate and/or they will have to buy over their siblings share in the house or simply the house is too big to take care of in their busy lives. Thus you can see many empty bungalows. And buyers of bungalows worth millions are quite scarce.

Someone posted BU or BK? answer depends on where your circle of family/friends are and work place is. All things being equal, BU for me.
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No doubt there’s a lot smaller market for this type of property. But your Damansara Heights, Bangsar, Bukit Tunku market will always survive as long as classism exists.

Young people simply have to make do with what they can afford in the mean time. But they are the future CEOs of companies and they will move up the chain simply because they are expected to maintain a certain image.
Aldo-Kirosu
post Oct 24 2023, 03:11 PM

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QUOTE(PAChamp @ Oct 24 2023, 10:42 AM)
There is a trend where the aged parents who are well to do and used to live in big bungalows sent their children overseas etc. Then the children became independent and bought their own properties. The parents passed on and left the big house to their children but none of them want to stay there because they will need to spend money to renovate and/or they will have to buy over their siblings share in the house or simply the house is too big to take care of in their busy lives. Thus you can see many empty bungalows. And buyers of bungalows worth millions are quite scarce.

Someone posted BU or BK? answer depends on where your circle of family/friends are and work place is. All things being equal, BU for me.
*
not doubt that those elitist more prefer to oversea & better life style and new life. Malaysia is good to stay (harmony, less natural disaster, friendly neighbourhood) but not the best place to stay due to polity, policy, economic, infrastructure, etc.

"If you are capable to bring better life to your family, why not go to better place than current place?" i watch a youtube channel, a singapore malaysian worker said this phase, even though by his current position and salary very hard to support his whole family living at singapore, but he saying this sentence, how about those elitist in malaysia?

He use the malaysia traffic as example, do you saw the half way built highway / trail way hang on the road? do you ever hear about the crane accident to road user? if you are driving safety but suddenly a group of children playing mosquitos bicycle come to you, or meet drank driver? Even you are drive safety, but mat rempat, broken road that will hurt your life. cool2.gif We cant blame accident, but only traffic matter you can feel how dangerous live in malaysia already especially the elitist who more take important to their life. how about other matter? whistling.gif One you step our your huge house and walk on the road, the danger is near to you already.

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