Syd G,

That is assuming that you have a job.

Dreamer

@Syd G,
I assume Ur job doesn't require U to travel ?

does these really works??  i've gone through an agent to acquire 2 properties from auctions but the seller always bail out last minute ... is it really the case or internal workings??

i'll reckon that existing property (not new ones) in town, price ain't going to go down any time soon from the discussion (soon as in 1 or 2 years time).  what do you all think of a RM180k landed single storey in Pandan Jaya.  there's existing tenant at RM700/month.  good buy?

one of the reason i was considering the area was that in fact it is a landed property... and if one fine day i really get married then can live there  

thanks for the info... will keep a look out at condos near Setiawangsa LRT... but the few that i viewed are like 300k and it's above what i can afford

biggest problem is cash flow... i would love to have a unit i bought just to stay in and then others for investment only... but prob is i would only have money to buy 1 for now ... i don't need a place just yet, but want to start early... don't want to be still paying for housing loan when i'm 60

the place actually quite good within the golden triangle and close to LRT. i am hoping we can get more development like these single bedroom studio apartment right next to LRT and within the city center, you can walk to LRT and directly to office    with fuel price going up to USD 200 i think this is good solution for single working adult or couple with no children. If the fuel price later rise to RM 6 per liter, a lot of ppl will looking for job closer to home, or home close to job. right now i see a lot of ppl living in one place and work at the other side of town. which include me staying in cheras but work in cyberjaya  need to plan know where to buy my house and where in want to work. 

low cost unit such as flats that can be rented out??

bandaraya and dang wangi lrt and monorail station is also nearby not sure which one is the nearest. haha Cityone is really a disaster, price of unit actually depreciated.  who is those idiot that rent out their unit to contract workers? the apartment design actually quite nice, better that maytower.

After reading this whole thread, so, what can we take advantage out from here? Save more and more now, wait for the moment when firesale, recession, people lose job selling properties then we go buy. 

Mate, totally disagree with your notion that the economy is tumbling down. From early 2007 till the recent election, we had the best stock and property run in years and the economy is gowing on a steady pace. This is the reason why banks can afford to offer such attaractive rates early this year and you could see it today.

Bottomline : Economy good -> we get good rates. My bet is that the moment BNM gives a 50bp rate hike, very unlikely that banks will offer such attractive rates anymore.

I get your point about it being liquid.  But looking at how inflation is going to hit us, holding on to cash is also not a good thing. 

Maybe we should look into other forms of investment.  Something that is not cash which is not keeping in pace with inflation and not properties which lock up your money long term.

My friends, do not buy new or under construction projects. Because when recession hits, there will be abandoned or delayed projects.

Be VERY CAREFUL in choosing the developer and the project. Trust me !!!!!!!!!!!!