Hi everyone...especially the real estate gurus....i'm in a bit of a worry now because i just bought a unit from Acacia, Bangsar South from the UOA Developer. It's approx 1910 SQ FT and I bought it with an early bird discount at the price of RM780,000.
Actually, I'm currently residing in Andalucia Pantai Hillpark and I truly love the place because it's low density. I'm renting and was considering to buy a unit but I feel it's not worth it at an average of RM500,000 per unit because it's still leasehold and it's not brand new. When I saw that UOA is gonna develop such an immense development, I then decided to buy the aforesaid property.
The reason I'm worried is because Acacia is kinda high density and with RM780k and plus all the furniture & fittings, renovations, it'll most probably cost me 1 million to just make it liveable. Lol, i think with 1 mil i can get a nice landed property right? With such a high density area, did i buy the property at a-worth-it price?will the price go up as what those agents say 20%? cos when i asked them, they say complete development of the whole area will only be in 8 yrs or so.By then, my condo will be old and not well maintained right? Please enlighten me as I'm still young and just head start on my career in an MNC. This purchase is so far the biggest in my life. Usually, i'm a thrifty person to save for investment for a better future and honestly, my budget to purchase a hse was initially only RM500,000 max- BRAND NEW. Installments not a problem for me but then again, i can't afford to see my property price depreciate in the future because I work very hard for my money.
Kindly advise....
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