Posted by fortunebullz > 2015-04-18 13:43 | Report Abuse

Actually this is a reminder that there is a pocket of 70% property buyers out there for middle range prices! Developers are concentrating on high end condos forgetting that the majority buyers are in the middle!

Posted by ks55 > 2015-04-18 17:22 | Report Abuse

Why make thing so hard. Buy within your reach.

Use 50 months gross salary as golden rule. If your salary is 5k, buy an apartment value at 250k. Sure you can afford.
If your salary is 20k, buy a terrace house up to 1m.

Problem is earning 5k want to buy 500k condo, earning 20k want to buy 2m bungalow.

Be contended, think of HK who can only afford 100sf per person.
Think of Singaporean, even with the help of government (CPF), they are happy to live in HDB flat.

Posted by Fam Jenny > 2015-04-18 18:25 | Report Abuse

If he is a professional and has good prospects of having an increment of Rm3000/- within 4 years n by then only only installment begins,it is ok for him to purchase a RM500k condo.We also must take into consideration of the EPF's entitlement of releasing his epf money to help him to pay off his capital outstanding.This helps him to settle his loan much ealier.
Recently I visited a showroom selling condominium along Jln Gombak (5 miles)and was surprised of the crowd booking them with their credit card.The developers are smart enough not to build large ones but smaller ones ranging from 840sq ft to 930sq ft with 3rooms + 2baths with only one small balcony.It was about RM550/- per sq ft and cost RM450k to RM550k.Surprisingly the take up rate was 60% only

Posted by mych11 > 2015-04-18 18:36 | Report Abuse

if you got son and daughters.. you can have 2 generation of loans to pay

Posted by Fam Jenny > 2015-04-18 18:49 | Report Abuse

Continue:...launched for one week.The snatch up rate was also high in view of the slowdown in property market.So it wise to build smaller sizes to suit the local needs.

Posted by ks55 > 2015-04-18 23:39 | Report Abuse

Yes! If you are high flyer, you may get 25% to 40% increment every year, plus bonus up to 6 months.
The problem is, when you apply for bank loan, bank only base on your current earning.

If you are confident of achieving high income in 3 years down the road (Doctor, lawyer, accountant), why not just wait for another 3 years before decide to get one suit your status? You will not be contended with the unit you purchase with your current small pay.

Please don't buy one with your projected earning, it will definitely make your life miserable.