after 7 pages, best comment
Financial Wise to dump RM900k on 1st property? Condo
Financial Wise to dump RM900k on 1st property? Condo
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Oct 27 2023, 05:32 PM
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Senior Member
1,086 posts Joined: Dec 2016 |
after 7 pages, best comment
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Oct 27 2023, 06:59 PM
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Senior Member
2,832 posts Joined: Dec 2020 |
QUOTE(woolei @ Oct 27 2023, 04:55 PM) fact: Yea getting a rumahwip for “investment” and the remaining 600k for an ownstay is perhaps the most financially sound thing to do but it’s not always black and white.-TS is just 28 year old - (assume he is senior rank employee earning 4-7k per month?) -1st home buyer -need parent help for the down payment (i assume monthly income cant sustain the installment of 900k house?) -possible already have a car loan (always need traveling around) -hometown at melaka, need go shah alam/N9 for work -worry about making wrong decision + asking around his fren for opinion and also stranger forumer opinion (not confident/comfortable with this option) my suggestion: -why not try to get a 300k prima/rumahvip if entitle? dont waste the 1st home quota -hunt subsales, since you have parent support for deposit, really alot of option for you in bukit jalil. -get a more defensive property (easy to rent out, near public transport, easy access, population is ONG) so you got choice wait for a better price before let go too cheap |
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Oct 29 2023, 11:09 AM
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Junior Member
542 posts Joined: Apr 2022 |
900k for condo which is not very near to city centre?
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Oct 29 2023, 11:27 AM
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#144
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156 posts Joined: Mar 2022 |
QUOTE(Jazted @ Oct 29 2023, 11:09 AM) Cause it’s 1.6k sqft Jazted liked this post
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Oct 29 2023, 02:28 PM
Show posts by this member only | IPv6 | Post
#145
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321 posts Joined: Jan 2013 |
QUOTE(autodriver @ Oct 26 2023, 08:22 AM) If you have cash on hand you have plenty of choice. with 900k budget can go straight for landed house. Landed house can hold the value and appreciate while nowadays most condo if not all are not wise to invest anymore. Which landed project in Bukit Jalil available at the moment?If condo 1200sqf price around 500k-600k for own stay still okay but if for investment not worth. Some people said can rent the unit out and get return like RM 2k monthly. Yes, at first 10 years maybe can get RM2k rental monthly if lucky, but when condo is getting old the rental can't go up or worse it might get lower. There must be new condo built around the area and people may want to rent a newer unit with similar price. This had happened around Wangsa Maju where the old PV rental drop and getting more and more vacant unit due to more and more new condo built. Supply more than demand. |
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Oct 29 2023, 11:17 PM
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542 posts Joined: Apr 2022 |
QUOTE(bigduck @ Oct 29 2023, 11:27 AM) noted,consider ts didn't mention he brought it for the marriage purpose. i think no need to own this much size condo. since TS is working around shah alam, my advise TS is go for the ecoworld ardence services apartment series. (hana or huni). you can enjoy the ecoworld greenery and condo facilities at one go. 900sf -1000sf service apartment with 2 cp at 450k (probably got rebate 410k). 300k probably already cleared most of the loan. remaining can focus on renovation. if you have a bigger family in future, its easy to sell and buy a new larger unit than larger unit. Buy a largest size condo at your first property is a big risk especially not all condo appreciate the value. woolei liked this post
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Sep 27 2024, 06:38 PM
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2,550 posts Joined: Feb 2016 |
QUOTE(Tamsin @ Oct 20 2023, 11:48 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. Yes, go aheadThe 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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Sep 27 2024, 10:45 PM
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587 posts Joined: May 2016 |
One option is to rent for a year or two in the locations you plan to buy. Who knows you may like is dislike the locations or you may change jobs to a different state or even to another country. Don’t tie down your life
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Sep 28 2024, 07:31 AM
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#149
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550 posts Joined: Apr 2006 |
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. It's never wise to seek advice from online forum.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 If your wife or girlfriend loves the house, just go for it. Use MasterCard. It's priceless |
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Sep 29 2024, 12:56 PM
Show posts by this member only | IPv6 | Post
#150
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Senior Member
2,186 posts Joined: Nov 2011 From: Alpha IT Shop |
Dont bro...later will be deappreciate
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Sep 29 2024, 06:04 PM
Show posts by this member only | IPv6 | Post
#151
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Senior Member
1,086 posts Joined: Dec 2016 |
ukur baju di badan sendiri
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Sep 29 2024, 10:35 PM
Show posts by this member only | IPv6 | Post
#152
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2,550 posts Joined: Feb 2016 |
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Sep 29 2024, 10:54 PM
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23 posts Joined: Oct 2022 |
Just to share some of my experience, Initially we wanted to rent first to try out certain places if it suits our needs. Thankfully, it didn’t work out and we moved. We liked the new place and purchased. Then when we had kids, we had all sorts of issues because we didn’t foresee that far ahead. Our earlier “investment properties” were not suitable to either one of us before kids, let alone after kids. So we were stuck in a predicament that we can’t afford to buy anymore other property without selling but can’t move without renting elsewhere to sell which is a massive inconvenience. 1) my suggestion is if you want to purchase an “investment property”, it’s probably wise to purchase one that you and your future wife might agree on. To most of us, a home investment is a once a lifetime event and it’s necessary to get it right. Otherwise you’ll have a tough time changing later on. So discuss this together. 2) if you plan or might plan for kids, choose location accordingly. Same as point number 1 above. 3) if you need a support system, whether it’s near parents, in-laws, Nannie’s or daycare centers, it is important to consider those too before purchasing 4) yes. Location is key, but if you can’t get the three items above to work, any good location won’t be good enough for you. 5) like others, I agree that you should invest in RUMAWIP if you qualify. As a pure investment property. It’s one of those rare properties that may be able to offset the mortgage with losses. Amazing. Illegal of course. Still amazing. icemanfx liked this post
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Oct 1 2024, 01:33 AM
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2,144 posts Joined: Jan 2013 |
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. Go look at BK9, Bandar Kinrara double storey landed. 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 900K buy condo is a bit waste. Next time your condo become old, who wanna fork 900K with 90K deposit + lawyer fee alone already breach 100K cash money to buy your old condo. Will have more newer and newer condo coming up. Landed price will just keep increase steadily over the years. Condo price might drop on oh or stagnant with little appreciation. New condo now first 10 years if cannot move up much the price then jialat de that condo. This post has been edited by ck2chan: Oct 1 2024, 01:34 AM |
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Oct 1 2024, 10:04 PM
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Junior Member
646 posts Joined: Jan 2023 |
Check out the developer's reputation before you decide to splurge 900k on its product
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Oct 2 2024, 05:22 PM
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All Stars
13,681 posts Joined: Mar 2006 |
Usually, people who want to live in a big house start by buying a smaller one. As the property appreciates in value, they sell it and buy a bigger house. They repeat this process over time, gradually moving into larger homes.
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Oct 3 2024, 07:20 PM
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#157
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Senior Member
5,741 posts Joined: Apr 2019 |
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. Ts. What did you end up doing? 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 I saw many good advice here. You also know 900k put in epf for 30 years when you're 58 it'll be 4.88 mil.. That's around 23k passive income per mth for you after 30 years. Given the example above, sometimes, rent is better. |
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