1st of all u need to get a credit card for 3 months if u dont have other commitment coz they need it for ur credit evaluation CRISS.

Is a good investment as house price tends to appreciate(in most case) compare to car which is a definite depreciation

With a house u think u can rent out some rooms to cover ur rent if it is too taxing

if u r interested in getting housing loan kindly contact me as i provide below the market rate loan

As a financial adviser (not qualified yet in msia)

U should aim upgrowing towns for a better house compare to old 2nd hand house. And with ur savings capability i advice you to go for more exp house reason being

When u r saving ur $$ in bank basically u r losing money bit by bit, even though you are earning FD type of interest u r still losing money as inflation of msia is recorded on average of 6-7% p.a. and for this quarter in msia is it reported at 7% already. As inflation eats up the VALUE of the amount of your SAVINGS and INTEREST is to soften ur depreciation of ur value for your money.

Why target new house instead of 2nd hand house?
New house sold by developer are generally in its basic price and it will normally appreciate due to real estate agents and property investment going in. Where else the price of 2nd hand house are normally being mark-up to up-to-date market value of the house or worst be mark up by ridiculous real estate agents(if u r buying from them most likely this will happen)

Things to look at for a good house that will appreciate
1. Surrounding infrastructure (roads, commercial areas, school, hospitals, police stations, petrol, the condition of the utility surrounding the area.
2. People (surrounding houses are low cost or medium cost or luxury bunglow, security and ur neighborhood basically)
3. Price (survey the median price for the property similar to yours)
4. Developer (if possible buy from prominent developer e.g Sime Darby, IOI, PKNS) as their property sell like hot cakes most of the time (due to strategic planning) which also means ur property will appreciate and fetch good rental returns

Some tips of uprising property price (AGGRESIVE)

Shah Alam (sek 7) Bandar Seri Permaisuri Puchong, Kota Damansara

Ur MOR (margin of repayment or repayment capability) can easily get a 250k loan approved

I would suggest u wait for another bonus before buying a house as there are many hidden costs will incur

e.g. Lawyer fee, renovation, furniture, stamping which will cost up to 10k (depending on the price of ur property) normally it is around there

NOTE: Things to look out for when getting loan.

When u plan to get a housing loan (given u r going to hold the house for 5 or more years) opt for those that provide FREE LAWYER FEE (normally they will tell u ZEC (zero entry cost) or FMC (free moving cost)) When they offer u such MAKE SURE THAT IT IS PAID BY THE BANK OR FINANCIAL INSTITUTION AND NOT ABSORBED INTO UR LOAN AS IF IT IS ABSORB U HAVE TO PAY INTEREST FOR THAT AS WELL WHICH CAN COST A BOMB!!!

please pay attention to abovementioned note

if they give u bullshyt about no1 pay for the lawyer fee go for other bank/financial institution