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Financial Wise to dump RM900k on 1st property? Condo

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ck2chan
post Oct 26 2023, 09:54 AM

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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
*
900K better look for subsale landed in Bandar Kinrara.
Plenty of choices and save your future time and money to upgrade.
the 1.6K sq ft condo maintenance also not cheap oh if you are staying there for long term.

Gated Landed property also more space to move around.
Chin Hin quality not so good.

if got 900K can look at Exsim new project behind those Jalil Link 2 shop lot.
The entrance is beside AFC office in Bukit Jalil.
Exsim quality is anyway better than Chin Hin. brows.gif
ck2chan
post Oct 26 2023, 09:58 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.
*
Look at newer BK area like BK9.
There very near to Pavillion Bukit Jalil and easy to go out to Bukit Jalil highway to connect to Sg Besi, PLUS, LDP, MEX, MRR2 and etc.
Tzu Chi International school also very near only.
ck2chan
post Oct 1 2024, 01:33 AM

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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
*
Go look at BK9, Bandar Kinrara double storey landed.
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. icon_idea.gif

This post has been edited by ck2chan: Oct 1 2024, 01:34 AM

 

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