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
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.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
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.
Oct 22 2023, 10:00 PM

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