Hi Mr. Eric, my advise as follows:- 1. Budget - Based on one third of your gross income you are able borrow RM470,000 to RM500,000 for 30 years. Assuming loan margin is 80% then the value of property you should target is about RM570,000 to RM625,000. You will need to top up the difference of 10% with your savings or EPF Account 2 and budget 3% to 5% for lawyer fees for SPA & Loan Agreement, stamp duty and other costs. 2. Research on preferred type of properties & the locations. If you want a stable rental income then target ready condominiums or houses with existing tenants in good locations where there are decent expatriate community. If you want speculation on capital gains and maybe able to sustain without a tenant for a few months then you may consider buying a new growth area in the suburbs from a financially strong developer. The risks of your project being abandoned are higher now if you do not buy from the right developer. 3.Negotiate for a reasonably good price or obtain a discount or rebate from a developer. 4.Make sure you read & understand the Letter of Offer before signing and making deposit to book. Happy investing! Should you need further advise do contact David Wong
+60193330573
or
+60377289108
Thank you David Wong Principal QUANTUM real estate Licensed E(3)1320 www.quantumrealestate.com.my
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