“Buy now, or the price will go up” says your friends and relatives.
Some might even ask you to hold on to your cash. Market is bad. It will crash next year. Property prices will deep dive. So they say.
So, it is up to you to make your decision.
But here’s what you should consider when buying a property.
1. Firstly, there is the monthly installment.
As a millenial earning between RM3,000 to RM5,000, you would likely have to sacrifice the luxury of Starbucks and some fancy dessert bar for your aftermeal indulgence.
2. “I CAN AFFORD”
Congratulations! Now here’s what you should consider as well.
What’s around you?
A swanky lobby with a 24 hour concierge might attract you to a particular condo.
But, do check out the surroundings as well. Is it surrounded by squatters, who are the tenants, crime rates, access to major locations and such.
3. Who is the developer?
Reputable developers are your best bet. With a proven track record, you can be rest assured that your money is in safe hands.
| Company | Detail |
| Eco World Development Group Berhad | Address : Suite 60, Setia Avenue, No.2 Jalan Setia Prima S U13/S, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor Website : www.ecoworld.my |
| Gamuda Land |
Gamuda Land Address : Menara Gamuda, Block D, PJ Trade Centre, No.8, Jalan PJU 8/8A, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor, Malaysia. Website : www.gamudaland.com.my |
| IJM Land Berhad | Address : Ground Floor, Wisma IJM, Jalan Yong Shook Lin, 46050 Petaling Jaya, Selangor, Malaysia. Website : www.ijmland.com |
| IOI Properties Group Berhad | Address : Level 9, Two IOI Square, IOI Resort City, 62502 Putrajaya Website : www.ioiproperties.com.my |
| Mah Sing Group Berhad | Address : Wisma Mah Sing, Penthouse Suite 1, No. 163, Jalan Sungai besi, 57100 Kuala Lumpur Website : www.mahsing.com.my |
| Naza TTDI Sdn Bhd | Address : 8th Floor, Menara Naza TTDI, 11, Jalan Juda 13/45, 40100 Shah Alam, Selangor, Malaysia. Website : www.nazattdi.com |
| S P Setia Berhad | Address : No.12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor Website : www.spsetia.com |
| Sunway Berhad | Address : Lobby Level, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Selangor Website : www.sunwayproperty.com |
| Tropicana Corporation Berhad | Address : Level 10-12, Tropicana City Office Tower, 3 Jalan SS 20/27, 47400 Petaliing Jaya Selangor Website : www.tropicanacorp.com.my |
| United Malayan Land Bhd (UMLand) | Address : Suasana Bukit Ceylon, No. 2, Persiaran Raja Chulan, 50200 Kuala Lumpur, Malaysia. Website : www.umland.com.my |
4. Is there a plot of vacant land nearby?
That would mean that there could be a highway built right across your balcony, or a 30 storey condo, a commercial centre or anything at all.
Do your homework some factors may cause depreciation to the value of your property.
5. It’s cheaper further.
Some may opt for a house further from the city as it is a cheaper alternative.
If it is a well-connected township, why not?
With our extensive network of highways, living in Setia Alam or Cyberjaya will no longer be a problem.
You may also find out if there is an MRT or any rail connectivity around your place.
http://www.nextproperty.my/map/
6. Look out for schools.
Having international or even Chinese school in the vicinity adds value to your neighborhood.
Apart from the appreciation in value, you’ll enjoy the convenience of sending your children to school just a stone’s throw away.
7. If you would like to withdraw from your EPF…
You may be short of cash in hand. Fret not, your EPF Account 2 will save you.
All you need to do is obtain the withdrawal form from the office or download it from www.kwsp.gov.my
Purchasing a house might be a daunting ordeal especially if you are a first timer.
Be sure to do your homework and happy house hunting!
Image(s): imgflip.com, loanstreet.com.my, dailymail
