Asked by p***@hotmail.com
Hi Sean, hope this finds you in the pink of health! And I really hope that this question could get featured in the Asking Sean segment in your Youtube, to help many young buyers like me ahahah!
So my question is this: I am confused about the buzz around projects that are undergoing constructions and will be available a few years later, but you can book and purchase the unit first with a lower price. Most of the condo projects are currently in this kind of state. My question is: is buying this kind of property ideal? As most agents/the public say that the price is gonna shoot upon completion, and if you don't grab this opportunity now, you cannot expect to use the same amount of money to purchase the identical property when it is ready in a few years time? However, you might face several problems too: not getting the realistic product upon completion, high progressive interest, moving to other areas or changing jobs in the few years period, and much more.
As a graduate which is working currently in PJ and open to any job opportunities in the future years, I’m also afraid that if I purchase not for my own stay but for investment, I would too be tied down and would be getting my own-stay home several years later. This is one thing that I’m hesitant to purchase investment properties for. Why don’t I save up for my own-stay home instead? So can you advise these bunch of young buyers the correct mindset, and also address the first question above (should you purchase a property when you have not settled down and not knowing your position in the future years when the property is completed?)
Please advise and thank you. I really like your videos and kudos for the hard work!
Regards,
Phillip
#AskGuruSean
So my question is this: I am confused about the buzz around projects that are undergoing constructions and will be available a few years later, but you can book and purchase the unit first with a lower price. Most of the condo projects are currently in this kind of state. My question is: is buying this kind of property ideal? As most agents/the public say that the price is gonna shoot upon completion, and if you don't grab this opportunity now, you cannot expect to use the same amount of money to purchase the identical property when it is ready in a few years time? However, you might face several problems too: not getting the realistic product upon completion, high progressive interest, moving to other areas or changing jobs in the few years period, and much more.
As a graduate which is working currently in PJ and open to any job opportunities in the future years, I’m also afraid that if I purchase not for my own stay but for investment, I would too be tied down and would be getting my own-stay home several years later. This is one thing that I’m hesitant to purchase investment properties for. Why don’t I save up for my own-stay home instead? So can you advise these bunch of young buyers the correct mindset, and also address the first question above (should you purchase a property when you have not settled down and not knowing your position in the future years when the property is completed?)
Please advise and thank you. I really like your videos and kudos for the hard work!
Regards,
Phillip
#AskGuruSean
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