Bro. Tks for valuable advice. I am just worry of the coming GST. Will only make JB ppty even more expensive?
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Need advice on getting a landed in JB
- Thread starter Thermofisher
- Start date
Bro. Tks for valuable advice. I am just worry of the coming GST. Will only make JB ppty even more expensive?
What so valuable about the advice? Just primary school text book knowledge.
First, noone will buy a property because it is cheap, not pasar malam. Rich people not stupid one.
Second, JB property will not become expensive with GST. It is already expensive with lots of bubbles, it will only burst with GST and low demands.
I thought a condo at Mount Sinai is much more comfortable?
am i missing something here? what's the joke?
Went down to HH sales gallery and saw there are terraces launching at valley and semi-d at cover.Price range from 1.1RM to 2.8RM. Advisable to get terrace or semi D? The latter will cost min 2.2mil... any opinion and comment?
If it is for investment, experts have advised it is generally safer to buy "everyman's house", rather than the cheapest or the most ex. On affordability, the experts say its best to set aside 1-2 years worth of housing instalments as cold hard cash to safeguard against bank lelong.
http://www.amortization-calc.com/
You can do your own maths based on your income/bank balances, and gd luck!
if i have 2.8 million i will buy 2 landed, or one landed and one condo. Stay in one rent the other out. Why settle for one property when can have two, assumimg that is the budget you have?
Seriously, don't mean to insult but with your salary, you think you can manage two housing loans?
Already, $1,000 had gone to HDB leaving you with only $3,500 and with this, you shouldn't be having a very big savings in the bank after deducting living expenses.
Don't you have any insurance plans to service at all ?
Do some homework first and perhaps work backwards.
How much downpayment can you afford now and what's the max loan you can take?
How much cash you can spare for the second loan?
What are your contingency plans in case something happens, example, arrival of children, retrenchment, etc ?
If you are think of using the rental to service the loan, please find out more on the rental market first.
And you also didn't mention whether you are SPR or Singapore citizen, having dual income (partner/wife's part), etc.
If you are SPR, there are so many other options to choose from and you can get quite a decent landed resale for below RM500K.
Just remember, don't over stretch yourself and suffer.
Good advice. The norm is that the loan should not exceed 30% of gross pay which is S$1350 in your case. That means you have theoretically another roughly RM800 monthly to use as housing loan.
Understand...no worries just feel wanted to get the landed. Maybe I would settle for the terrace then. Cheaper and most probably value for money.
I am a singaporean, dual income with wife total around 6k-7k, late 30s. Btw all JB ppty has to be min. 1mil RM right? So I guess 1 mil is the baseline.
With a total dual income of $7K and trying to service 2 housing loans is still very much a stretch!
If you are still thinking of servicing the loan with rental, you need to have enough reserves to buffer for non rental months.
Burt before you do anything, talk to some banks first and find out your "worth" and how much max. can you loan.
Only with this figure then you can decide on the property price range you can purchase.
Also, living in JB, you definitely need to have a car to move around conveniently, so, add in the car expenses.
If only you had though of this 2 years ago, you could get a nice terrace house in area near Sutera Mall for about RM650K.
Yah...kinda late. But no choice. HH seems reasonable with adequate security and accessibility to Bukit Indah, medini and Tuas. So I am hoping to see 1mil++ terrace launch at valley would be good enough for wife and myself? I read in here that many choose to loan 90% from malaysian banks and do you have any idea what's the interest rate as of moment?
That's more the reason that you should go to talk with some banking credit officers on your case.
Everyone has different credit limit based on your income, age, commitments, job security, etc......
As it this is a major commitment, you need to do more, don't just listen to what others say.
Talking to bankers don't cost money, just spare some time and you'll get all the answers you needed.
I dunno about 90% for sporean loan quantum.
I believe it's more like 80% or 75% even.
Yes. On top of that, double H doesn't give legal freebies if i not wrong. So kikikorkor.. cash upfront abt RM270k.:o
Cash upfront is really no joke! I coughed blood....money to buy subsale unit.....no legal freebies...got cov somemore....now poorer than church mouse. Haiz....if only bought 4 years earlier....
I really thanked God that I was able to get 90% loan for first house, being Singaporean. Otherwise I think will be hardship purchase.
Count it a blessing in disguise, let u siam tio 1M rule.
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