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Financial Wise to dump RM900k on 1st property? Condo

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bigman
post Oct 20 2023, 05:57 PM

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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...
bigman
post Oct 21 2023, 09:47 AM

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QUOTE(Aldo-Kirosu @ Oct 21 2023, 09:34 AM)
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.
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900k cash + loan (top up) can get landed at very prime area already
bigman
post Oct 21 2023, 02:41 PM

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QUOTE(ck_chew @ Oct 21 2023, 12:59 PM)
Asking such a question in a public forum like this and u'll get too many opinions and views from people with their personal biasness.

If ur buying for own stay, it really depends on whether u like the location and product or not. I've heard the presentation from Chin Hin's management on Ayanna before, I must say the layouts, design, concept and partially furnished package vs the price point is very good value for money, especially compared to the surrounding like Sunway Flora. But take cognisance that Chin Hin's recent product delivery has been very much below expectations.

On condo living, I've lived in a landed all my life and transitioned to condo living few years ago. I must say its a very good decision and I cannot imagine myself living in a landed house anymore.

If ur looking at it from an investment standpoint, then a 900k investment for a condo at that location is unlikely to bring u much capital appreciation or rental returns, unless perhaps, Chin Hin really surpasses expectations beyond what was promised (but i doubt so). Moreover, 1600 sqft will cost u a bomb for maintenance fees.

Perhaps, if FOMO is not affecting u (or ur parents), u can consider revisiting Ayanna later on when the product is close to completion so that u can have a better idea on its quality to reduce ur risk. At the same time, visit many many other properties to open up ur comparability vs Ayanna.

Good luck!
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Pls visit Andes to get answer … you statement just too many guessing

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...
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....
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 …
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....
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...
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
bigman
post Oct 25 2023, 11:26 AM

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QUOTE(Tamsin @ Oct 24 2023, 09:35 PM)
Hi guys! Appreciate all the replies and I apologise for not responding earlier as I’ve been dissecting all the inputs on what steps to take next. My loan process is still ongoing, so nothing is confirmed yet.

For those wondering, my parents are planning to invest rm300k as downpayment. I wouldn’t say I come from a very rich family, only slightly above-average. Our family business was kickstarted by my late grandfather who is very wealthy. Yes, I stay in a corner semi-D landed in Melaka. My dad specifically love the idea of condo home because it’s very convenient and gives a holiday feeling.

I will be exploring bk5 and other sub sales nearby from the recommendations of the forumers here. It’s just less than 10 min from ayanna and most importantly - freehold. Previously, I’ve searched for sub sales in bandar kinrara, but I only looked at Jalan TK/DU which was leasehold and I based the entire houses in bandar kinrara as leasehold which was very foolish of me

Stirring my decisions based on the investment side on rental returns and capital gains is not my strongest point, but I entirely believe that landed is definitely on the safe side

Thanks all again for the effort to answer my doubts, I will explore more of BK this week.
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you can pay visit to SP Setia Bandar Kinrara Sales gallery ...from there you can get a good view on overall development of BK and future launching... happy hunting...

This post has been edited by bigman: Oct 25 2023, 11:26 AM
bigman
post Oct 25 2023, 01:10 PM

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QUOTE(rumahwip @ Oct 25 2023, 12:38 PM)
BK 11 is good. abt 1mio now. i m guessing is abt slightly over 10 yrs. BK 12 also good but i nvr been b4
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here talking about BK = Bandar Kinrara

your BK = Bukit Kiara?


fyi, bandar kinrara until BK9 ...no bk 11 or 12

This post has been edited by bigman: Oct 25 2023, 01:11 PM
bigman
post Oct 25 2023, 04:59 PM

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QUOTE(Cavatzu @ Oct 25 2023, 04:37 PM)
For his budget, either landed in a newer ulu area or a condo in a more established in demand area like MK. My reference point for old monied areas doesn’t extend beyond the 90s so Bukit Jalil doesn’t register for me. Expect this sort of elitism later on. As the other older monied areas aren’t really more expensive than these new townships.
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Why cannot buy both?

Got money...every where can buy...regardless old money , new money, no money, hot money...
bigman
post Oct 25 2023, 09:55 PM

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QUOTE(Tan&tan @ Oct 25 2023, 08:23 PM)
Sorry to say you talk like you’re there , if you’re there , you won’t be here . If you’re not there how you know they never step in mamak lol 😂
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Want step in but not qualify… wat to do… come here to show off and bossing here and there… anyhow… me personally won’t desire those so called high class life style (gamnang style?) doesn’t matter old money or hot money… our time in this reality world is same… you won’t get extra one second even though you richer than me…

I happy with my life … and I never begging for penny from those old money … just live happily and appreciate what you have … no need envy on those old money … bukit Tunku so wat… I no need extra build up of house to make me sleep well…
bigman
post Oct 26 2023, 08:51 AM

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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.

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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True and not true...

Condo still a better choice to invest but need to very picky and choose wisely... landed need to have very strong holding power before can monetarized your investment...

both is right depend on your financial, commitment and investment appetite...

good property can hold value plus generate good rental income... now very difficult to find... but still available in market... it very seldom appear in this lowyat forum la...

 

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