Do your research first

1) Value of the property and neighbourhood. Are there any potential development in the area?
2) Is the property in demand? Good for rental?
3) Are there any schools/colleges/malls nearby? If there are, then it would be worth it.
4) single room house is good for single people or newly married couples. But for Rm150k for just one bedroom (single storey?) is not worth it, unless it is located in a hot property vicinity.
5) Condos/house can devaluate over time, make sure you know the market value and future developments in the area.
6) Freehold or leasehold?
7) Max loan you can get is 30years.
8) Would you want a full term fix blr or a normal loan with fixed blr at the first 5 years? The former makes your installment calculation fixed and need not worry (but higher interest rate), while the later is only steady for first 5 years and may shoot up depending on market values, but also allows you to dump as much money in as possible (and also to withdraw it) to clear off your principal ASAP.

My2 cents

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Added on November 20, 2007, 9:40 amIs it for rental or you plan to stay there?

This post has been edited by happy4ever: Nov 20 2007, 09:41 AM

Yea, try there. PM a mod to move this to there.

BTW, the condo also have a monthly maintenance payment.
Some as high as RM100 a month or more, and very limited parking lots.
Worse if you have visitors and their cars will clog up the road and kena saman.

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Added on November 20, 2007, 9:52 amAnd if you plan to rare pets like this in the future:

(is this a cavalier? like mimi!)
Go get a house. But look for a bigger but cheaper house.

See the classifieds la...if you are in luck, you may get a good deal if the owner is in a hurry to sell it out.

This post has been edited by happy4ever: Nov 20 2007, 09:53 AM

And have to PAY EXTRA for additional parking lots. Some apartments/condo need you to line up to buy these extra lots for a short period of few months, and on a first come first serve basis.

Good thing the apartment i'm staying has lots of land to park outside for free.