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Financial Wise to dump RM900k on 1st property? Condo

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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.
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
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.


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.
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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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