QUOTE(Lot3010 @ Dec 4 2008, 03:30 AM)
Hi Dr RE and everybody in this forum,
Greetings to you.
This is my first attempt in purchasing a property for own stay. May i seek your advise?
Me and my wife found a used condo Green Acre Sungai Long. The unit is in good condition and has minor renovations. It seems the reno cost about rm10k.The owner wants to sell for RM145k.
Is it worth the buy?
cheers,
To become a succesful property investor or even homebuyer is not only to know your stuff but to know how to negotiate. The secret to succesful negotiation is to never be desperate. Always be willing to walk away from a deal and also to never regret not having PJ. Sungai long at RM145k sounds reasonable but then again depending on a few factors. Have u got a picture of the place? anyway i'll tsop here continue tonight actually in a meeting now
Added on December 4, 2008, 10:23 amQUOTE(ej_italia @ Dec 3 2008, 11:07 PM)
Oh ok, firstly i'm not planning for second house anytime soon. My budget is around 300k - 400k properties. My intention to look for properties around Subang for own stay with view of appreciation in future(at least 5-10years). I'm single, attached but still available (jk), maybe will be married in two years time, work for MAS which is quite convenient for me. I find the Kemuning area a bit too far. I prefer established area like Subang Jaya, which i think the risk is lower? One concern is house is old, and renovation might cost a bomb, but the built up area for these places are larger than the newer dbs houses right?
What do you reckon my friend?
you work for mas air steward or what? so u go down to the mas office in subang airport quite often?
anyway usj is one of those places that are steadily increasing. It is in the middle of a property's lifecycle. I don't really know how to term this but i hope u guys catch my drift. USJ and its surroundings is mainly populated by educated people. Mix of chinese malay and indian english speaking community. Average household income is between 5k to about 10-12k. Now imagine there is a guy tom. Tom comes from a middle income family who lives in subang jaya, he works in shah alam and when he got his first 4k a month job and his first girlfriend, he decided to move out. He moves to USJ because it is where he feels comfortable and he feels there is enough ammenities there for him. But of course tom as an educated english speaking malaysian, he is always looking for better living conditions. He doesn't like USJ's congestion and he doesn;t like how USJ is less accesible. On weekends he likes to spend his time at the curve or in Bangsar with his other english speaking friends. So then he decides that he wants to move upmarket. So one day he goes down to KL and gets himself a job at a multinational company with a 9k salaray he gets married to his girlfriend and he decides its time to start a family. USJ maybe good at 400k but when he can afford a place at 700k he starts to shop around. The first place he avoids is cheras. He doesnt like the ching chong chinaman feel to cheras so he looks at places like MK sri hartamas, damansara perdana, bukit damansara, bangsar, PJ, seputeh etc etc that is in between PJ and KL. USJ is what i would term a middle life property. USJ is where you stay when you are around your 20s and 30s and your household income is between 4k to 7 or 8 k. Prices there will rise with rise market but they will never fluctuate above market. Now the older families where they have kids that are in college, they may have been living there for so long that they have gotten used to it. As for the next generation of home buyers, we have become easy to adapt and fast to change also you may see alot of families there but they are there not by choice. People always want something better and new developments have provided that. Before buying a house used to be about the house itself, how big the land, how big the living area. But because of the competitive housing market, developers have started targeting lifestyle. and house buyers now consider the lifestyle they get from the area they live.
From what i understand about you, your probably a mid income person with about 4-6k amonth. USJ will be a good choice for you. Although i would say kemuning has more room to grow then usj in the next 5-10 years but USJ will rise steadily as it always has. Also when buying a house, we tend to find areas where we feel the people are most like us. I have divided this into 2 catogories, english speaking and native toungue people. to explain this better, english speaking people like to drink at the loft, chinese speaking people like to go to karaoke pubs. So sometimes when you buy propety, you will also have to look at the where the trend is moving towards. Will people in KL in the next 10-20years be more likely turned into an english speaking crowd that will want to live in areas that give them the english speaking feel?
Oh ya i also don't liek USJ's roadplanning which has no trunk road. The interlinking of the roads are kinda bad. anyway if i were to choose Subang jaya, i'd choose ss19, usj 16 and usj 3 and 4. Anway i spent so much time talking about rubbish i forgot about your question. Anyway let me know if you'd like to know why i choose the 4 areas. And yes generally your land will be bigger then new houses. but then the layout and the ammenities in the house may not be as good as new houses that cater for modern needs. I think USJ was a late 70s early 80s area. Some please help me verify this statement.
This post has been edited by looqsonline: Dec 4 2008, 10:23 AM 
Nov 14 2008, 08:57 AM
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