Important Decision From An Old Time Forumer

[vsat]

Hello everyone,

As you all can see, I've been a member of this esteemed forum since 2003.
Throughout the years, some posts of mine are genuine and some posts are just plain BS. There's even the infamous invitation to literally fight with tupai... but we all know it's just camaraderie between forummers. Anyway, I need to make an important decision in my life and it requires the best, the brightest and the experienced to guide me through. Let's begin :

I own a property in Goodyear Court 9 [1017 square feet]. Bought it at RM151,000 years ago. The LRT is confirmed coming [I went to their Kelana Jaya office last week to enquire on the status and from what I've seen and being told, it is definitely in the works]. This unit is sellable and rentable at the moment. However, I don't feel any connection anymore to my place. I live alone by the way. I have also eyed a unit in PJ at the sum of RM390,000k and from my numerous visits there, I have fallen for this place.

The question is :

1) Should I sell my current place at RM300,000 now ? Use the leftover to get
the one in PJ?

2) Should I rent out my place (RM1100) and purchase the one in PJ? I don't
think I can afford the extra cash for the 10% down payment which may
come up to RM51,000. I probably have 40% and the rest I don't. Take a
personal loan from banks? I tried the EPF withdrawal to reduce housing
loan scheme but it goes straight to the bank loan account.

What price are we looking at when the LRT arrives with regards to my unit?

You all are more experienced than me in terms of properties and probably the realities of life. Also, try not to selit in some political innuendos please.

Thanks..

[fRaNkY]

The market price for c9 now is250k. A fren sold for 190k more than a month ago. Didnt kno it will go up summore. The buyer must be laughing all the way to the bank....

The reason the price went up is because of speculation.

If u can sell for 300k, if i, will take it. But dont hurry to buy now, wait till after election.

U know my no... i will tell u some story.

[fRaNkY]

Hello everyone,

There's even the infamous invitation to literally fight tupai ..

..

Thanks..

Not tupai lar

[ng]

What price are we looking at when the LRT arrives with regards to my unit?

..

The price is at an all time high now. I doubt it will go up even (and when) LRT arrive in a few years time but price will go down. Recession is imminent just like just before 1997.

The price hike is due to speculation and won't last long. What goes up too quickly must drop.

[waga]

Since you like the new place in PJ and dislike your current C9 unit......follow your guideline no. 1......whatever you do...make sure your current lifestyle financial wise, remain the same if not better...

As for LRT coming in to usj........imo...properties prices here have already adjusted to the anticipation of the coming of LRT....something like stockmarket's shares/counters.....most time go higher in shares prices in anticipation of good news before it actually happen as have proven in the past.

Don't think will go up much higher but have to wait for another round...not sure how long but will not drop(these are not high end millions $ type of condos) unless the owner need cash badly and need to sell fast.

Note: the above is only my opinion....the decision is yours to make.

[Raikonen]

Sell the apt and upgrade to the new one. If u can get 300k, better still. Sold off my Goodyear crt 7 last year for 200k which worth more now. Can't be sentimental when it comes to disposing property and move on.

[lly]

I think it depends on your purpose and aptitude towards property and investment generally. If you are the type to want to quickly pay off your housing loans, then sell the C9 and dump all the returns into the new condo.

However, if you want to have some investment property, you can refinance C9 to get the down payment required for the new condo. Rent out C9 and just make sure that the rental can cover your installment for C9.

[burntan]

Yup, refinance is a great idea if you do not wish to let go your C9, however the money get from refinance could take up to few months time, by that time your PJ house still avaible or at the same price or not?

[Naka]

If you can rent out the current, get another loan/refinance & buy the one in PJ

[currymee]

If the price is right and you are happy to sell at that price, then just sell, otherwise just hang on .... just remember that the NEAR HORIZON is full of economic and political uncertainties and they are coming ... you cannot escape that fact !!

Buying/selling properties is similar to buying/selling shares ... you must know your exit point/strategy unless you plan to keep forever.

[tupai]

Not tupai lar

HAHHHAH...people forgets quickly that I am Yang Amat Bercinta. A lover never a fighter!

The stage was set for vsat (instigator wannabe) and the title contender, Sentinel (retired instigator ...I merely wanted to watch real up close, in fact I bought 1kg of kua-chi, a blow horn, Msian flag and booked a front seat, before the fight was called off without any refunds!

Yang Ada Boxing TIU xlatotupai

p/s ~ never bloodied your own hands, when others can do for you ~ a wise sage.

[mykern]

The question is :

1) Should I sell my current place at RM300,000 now ? Use the leftover to get
the one in PJ?

2) Should I rent out my place (RM1100) and purchase the one in PJ? I don't
think I can afford the extra cash for the 10% down payment which may
come up to RM51,000. I probably have 40% and the rest I don't. Take a
personal loan from banks? I tried the EPF withdrawal to reduce housing
loan scheme but it goes straight to the bank loan account.

3) What price are we looking at when the LRT arrives with regards to my unit?

Thanks..

Q1 .... It is very^10 difficult to predict prices after CNY 2012 even .. buy that house you fell in love with in PJ and don't regret it later ...
Q2 .... Borrow the RM51K from a good friend and pay him/her back from the proceeds of the sale .. usually takes a year for final setlement .. so pay him/her a token 3% interest like a 1year FD
Q3 .... Prices >< RM300-320K ....

See here:- http://www.iproperty.com.my/condomin...odyear_Court_9

[Raikonen]

The fella says he doesnt have the $$ to buy new unit if he dont sell the old apt..so no use asking him to keep the unit and rent out..If one has $$$$$$$$$$, then maybe can buy the whole Goodyears 1-10 and rent out...

If u like the house and know it is the one u like living in, just sell the goodyear unit and enjoy the new house..

[shthang]

vsat,
$300k price has included LRT premium and pls sell if you can.
in property, follow your heart and not your mind. which part of PJ you intend to invest?

[vsat]

Guys,

I have decided to sell the property. Recruting agents now to come and do valuation. Will let you guys know how much is Court 9 soon.

Thanks all. Appreciate it.