1 Answer

askguru expert
Hi Madam/Sir,

Thank you for reaching out to AskGuru! It's great that you're looking to purchase a property and doing your research!

There are a lot of considerations, especially if you're a first-time home buyer. Which region or projects to invest in? That question is too broad to address, but what we'd suggest is to first find out how much loan you can get from banks (assuming that you'll be applying for a home loan), and then do your research based on the property price that suits your budget/financial capability.

When you've sorted out the financial part, you'd need to take into account your preferred area, the potential capital appreciation, accessibility, surroundings, and your objectives for purchasing, among others.

For loans, you'd need to look into your spending habits and outstanding debts, if any. This affects your credit score. This article can help you better understand the topic of affordability and loans: https://www.propertyguru.com.my/property-guides/how-much-home-loan-can-you-get-based-on-your-salary-28242

To have an overview of the cost involved in purchasing a property, it's detailed here: https://www.propertyguru.com.my/property-guides/budgeting-101-what-to-prepare-for-when-purchasing-property-53205

You can also use the free PropertyGuru Loan Pre-Approval online service to find out exactly how much home loan you can borrow from the banks and whether you can afford a property. It has a 99.9% accuracy, so you can avoid loan rejections! It's here: https://www.propertyguru.com.my/home-loan-pre-approval

You may also take a look at the 6 areas that have performed well through the pandemic: https://www.propertyguru.com.my/property-guides/pre-to-post-pandemic-areas-that-continue-to-be-on-the-uptrend-57761

Hope this helps, and we wish you a smooth property purchase journey!

Best regards,
Team PropertyGuru Read More