I bought my first home with a bit of a twist. A 275k 2 bed, 1 bath condo. Subsale, bought with skim rumah pertamaku.

Good thing was I bought an ex Airbnb, I sold most of the furniture and replaced it with my own. But some high value items like TV, fridge, etc is kept.

Understandably buying a subsale isn't easy, especially with down payment and all, but I managed to work out a deal with the landlord whereby I would rent the place till the disbursement.

That way I didn't have to rent elsewhere, the down payment was just an earnest deposit and I only forked out for stuff like legal fees and stamp duty. Which was do-able as I paid as I go.

Cons would be Skim rumah pertamaku might have high interests and you are taking out a >100% loan compared to a new house with all the rebates and whatnot.

My justification is that I am able to pay off the house in a couple of large chunks over the next few years or if all else fails, I can rent it out for around 1.4-1.5k, while my loan is lesser than that. Also being a "tiny" home, maintenance isn't all that bad.