Hello,
I need advice from the seniors for future planning.

My age is 26 this year,
I want to buy an apartment in the future (but not in the near future). As I know, rule of thumb, I need 10% down payment for an apartment.

I.e An apartment - RM 150K = RM 15K downpayment.

But can I put downpayment of RM 5K for an apartment at RM 150K?

Whats your opinion?

Please excuse me if I sound rather ridicule in my ideas.

I think that's a different issue that I will concern for my ownself.

Well not to worry, I am not gonna buy it this month,this year or even next year.It's a future planning, my friend.
I was putting RM 5K as a minimum base line downpayment. I am also geared to have more for downpayment.
I'm a man, and I must plan for the future to settle down together with my future wife.

I'll share a bit on my situation right here

I bought my first property at 20 y/o for my family. A 220k terrace house. High DP from my offshore work and low loan pymt monthly. That time got free S&P and legal fees. Bad move at that time coz it was for family stay and a big chunk of money went there.

Bought my 2nd property at 22 y/o. Didn't earn much from rental coz I stayed there as well. So I sold it off and earn some cash. Then struggled to save up some cash and buy a 2nd hand at 80k (I was 24), it's a 3 bedroom apartment. I stayed at the master room and rent out the rest. Both the rooms can cover the installment plus cover the maintenance

Basically what I was trying to say is, when you realized you cannot afford to buy a family house.. start getting a place where you can rent out some rooms to cover your monthly installment.

I did a mistake by buying a family house first. It's tough to save money while you're in such a big commitment. But to share or not to share, it's what you've gotta discuss with your future wifey.

Else, combine income?

Nah, envy you guys starting so early.

Why not?

In fact the appreciation of properties give better returns than Fixed Deposit and is the second safest investment in terms of Investment 

Saw someone mentioning metroview, i did know that the selling price up to as high as 280k now.
when i bought it last time, it cost me 172k only for each unit(i got myself 3 units). instalment about rm700++, rent out now at 1.3k.

When I was young (they say young man no scared wan   )..I bought 4 properties in a year, and 7 in 2 years. Being naive/greedy/agressive/eager, it was a really steep learning curve, and I don't wish it upon anyone. It was not a totally bad decision though, it's just that there are better ways to have sleepless nights. (Again, being so daring when young, those nights were not that frequent also la)

I got my first property at instalment more than 1/3 of my salary.

Pai, they did.

I was talking with UOB and found out their lending policy for apartment just went to 80%.
Luckily my banker got me 83% of the SAP price, or 100% of the seller asking price.

Loan may be cheap but now more stringent.

Pai,
Use some tactics. Remember loans don't show up in CCRIS/banks' database if you have not sign the loan offer letter.  If maneuvered well, at the end of the day you will get much more than banks allow. (this is how I got the 7 props early on with RM4500 salary  )

Salut, i never think of this. lol
I still have some loan buffer, is marc a good buy now? I only can afford smallest unit...
or should wait till it drop until 700-800psf? cheapest 920psf i saw from iprop.

Salut, i never think of this. lol
I still have some loan buffer, is marc a good buy now? I only can afford smallest unit...
or should wait till it drop until 700-800psf? cheapest 920psf i saw from iprop.