Oct 21 2023, 12:59 PM
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
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.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 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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