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Financial Wise to dump RM900k on 1st property? Condo

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vin6
post Oct 20 2023, 11:00 AM

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Well, 900k for a condo not in the city center - i think not a wise choice .... 900k still can get lovely landed house. Not sure how much can a condo appreciate in that area. To Rent condo later is probably easier than selling high-value condos.

I suggest you get a lower value property(condo) because your planning to sell in future - just say RM500-600k then after 10 years it appreciate to just say 900k-1m then its easier to sell - but if you already bought for 900m and next 10 years it will be around 1.3m for me i think it would be hard to sell at that price .

This is just based on current economics and experience in buying and selling property.

And I think getting landed property while we still can afford is an opportunity because maybe in 10 years it would be very hard to buy landed property in urban areas, as prices would be mad high.

This post has been edited by vin6: Oct 20 2023, 11:01 AM

 

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