Hi everyone
I want to purchase an apartment.
This apartment cost around 600k.
I have been working with the government for over a decade and have manage to save more than this amount.
Can anyone advise what is the best option to buy this property.
So far all my salary are paid by government and taxed.
Should I cash buy the house or LPPSA or dump all into flexi loan.
Thank you.

This post has been edited by umboy: Jan 27 2024, 10:53 AM

imo flexi loan

but if i had 600k, i would invest in property in hot location and rent it out

This post has been edited by hightechgadgets8: Jan 27 2024, 11:13 AM

LPPSA

Invest in property for long term return, my suggestion is buy 2 unit apartment range 250k using bank loan and rent it out.. use rent income to cover your installment.. maybe need to topup a bit but after 5years most probably can cover your loan installment as rent rate always increase..

use LPPSA to buy your 600k condo..

your 600k cash invest in other good return investment that can help to pay LPPSA loan.. if you bumi can invest in asb/ahb..

This post has been edited by soulmixx: Jan 30 2024, 08:17 AM

apartment costs RM 600K? must be quite a prime location?
anyway you didn't mention for stay and investment though

It is quite impossible to find 250k apartment in Johor Bahru
By the way I am non bumi
Thank you for the helpful feedback

Johor Bahru
This is standard price in this location
It can be for stay or investment