Anonymous asked 12 years ago
Hi KC,
Good day, from your articles that i had read, you are very experience in properties investment.
Hence, i would like to seek your advise.
I’m 8-5pm working for ppl and earn net about RM4.8Kp/m. I’m quite frugal and invest since young, i’m 36 now. I have one condominium, one landed for own stay and 1/3 portion apartments with siblings and all is loan i had payoff with no debts, and the rental i had given to my parents for their living expenses. so i don’t get rental return from my condo and apartments but i’m free-debt now.
Every month just to pay insurance amounting RM1.3K, i like my living now as i do not have any debts but looking at the money that i have in FD or some in share market, i feel something is not right.
I came across a under con condominium at Shah Alam “Ken Rimba – Condominium 1” which the downpayment is just RM 5.5K and S&P and other legal cost borne by developer. The price of the properties is RM400psf 1119sqf. Around RM480K. I found attractive since the nearby development I-city range about RM750psf.
I just afraid future with uncertain, market crash forecasted in 2016/17. I may loose job by then. If i buy this condominium which only complete at 2018. I may impact if anything happen.
Can you advise me.
Thanks,
BR,
Jansen