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Financial Wise to dump RM900k on 1st property? Condo

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rumahwip
post Oct 20 2023, 03:04 PM

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QUOTE(bigbang90 @ Oct 20 2023, 10:53 AM)
900k better buy intermediate terrace in bk5.

not too far from bukit jalil and landed appreciation is better. high rise is very oversupplied now.
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which terrace in BK5?
rumahwip
post Oct 25 2023, 12:38 PM

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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
rumahwip
post Oct 25 2023, 02:31 PM

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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
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when u wan to sell in the future, depend when is the future. you may not actually make money

BJ is good location. just too expensive (for me)
rumahwip
post Oct 25 2023, 02:32 PM

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QUOTE(bigman @ Oct 25 2023, 01:10 PM)
here talking about BK = Bandar Kinrara

your BK = Bukit Kiara?
fyi, bandar kinrara until BK9 ...no bk 11 or 12
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sorry puteri. sudah blur
rumahwip
post Oct 25 2023, 05:42 PM

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ada uang semua bisa
rumahwip
post Oct 26 2023, 05:43 PM

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QUOTE(autodriver @ Oct 26 2023, 09:59 AM)
Invest in property is not a good choice like 2000 - 2015. Even the property price in Desa Park City is stagnent. My friend now stay in WS2 and S&P price is almost RM1m. He is planning to sell for some years at RM 1.2m but till now still no news. In ipropxrty many unit listed as RM 1.2m but in real world people hardly pay more than RM1.1m to buy it. My friend was renting to foreigner when the WS2 VP at RM 3k. After 2 years tenant left and unable to find a new tenant, by then he move in. The monthly instalment is about RM4k and maintenance is maybe around RM 400.

In year 2015 I almost bought a unit in Koi Prima puchong 1055sqf at RM550k (before 10% discount) and now the 2nd market price is RM 350k only and negotiable. I got few friends bought condo in Puchong, Bukit Jalil, and Kepong around year 2013 - 2018. None of them able to make profit for the high rise property from S&P price if they sell it out now. Plus nowadays new condo projects are offering 2 carparks and free almost all kind of fees, the 2nd market is getting tougher.
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wat is WS2?
rumahwip
post Oct 26 2023, 05:47 PM

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for farway place, better be landed. condo has to be in good location.
in KV, back to back talk location
rumahwip
post Oct 27 2023, 05:32 PM

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after 7 pages, best comment
rumahwip
post Sep 29 2024, 06:04 PM

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ukur baju di badan sendiri

 

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