Hi there. Sorry for the long post.

My fiancee and I plan to buy our 1st property in Penang. It is extremely hard to choose property in Penang island compare to KL as we are not very rich.

After minus all the current expenses, insurances, car loan, etc., Our max savings only RM2k (include RM350 for both our current rental).

So now, i aiming an apartment/condo at pg island as i know definitely i couldn't afford a landed, even landed in mainland now is not cheap + increase car petrol and tol for long travel.

Ok, after survey and non stop viewng house for the past 1 month++, i notice that it is either buy the very cheap apartment/condo or the more expensive one.

Why do i said that? The current apartment that i'm staying, the market value is around RM110k and around 750sf. The demand here is very bad and the value looks like stagnant.

Those apartment/condo that cost around RM150-180k not much better too, slightly bigger if not same size and offer the same amount of facilities, perhaps some of them are better location but their appreciation value is quite stagnant too, demand are less and a lot ppl selling.

For those that are high in demand and good in appreciation value, most of them cost more than 240k.
There are exceptional case for those 180k-190k apartment which are nice to stay and high in demand, but the number of this kind of apartments are not much and not easy to find also.

After i calculate, i able to buy the exceptional case (the 180k-190k) units but my savings left will not much, and afraid when recession hit, it will hard for me. And even harder for me to get those 240k with no savings at all (only if i get incremented).

So my point is should i buy the very cheap apartment, which cost around 100k-120k (700-800sf and not very good in demand) or should i wait and get those exceptional units (180k-190k) but my savings will be very less or should i save more cash to get the higher end 1 (dun think my increment can chase the appreciation rate)?

Thanks for viewing and hope not too hard to understand

Hi Dreamer,

Then when should i buy in your opinion? During recession? When I'm getting married?

Or should i buy the lower value property that my current rental able to cover?

And for the rental, my landlord didn't increase my rental in these 3 years but not sure in the future.

Thanks