Subscribe in a reader | Subscribe by Email Hey, everyone would want some discount too!
Can’t blame this couple since the system had groomed them as such.
But really, this couple can afford RM300k for a house and go to UK to study law together. Is such discounts appropriate for you, or more suited for the poor folks who earn less than RM1500 per month?
I would be ashamed to even consider asking for discounts.
Damn the system. No wonder some people change their names.
From Malaysian Insider:
A married couple in their 20s is opting for a condominium instead of a house to live in Kuala Lumpur due to budget constraints.Although a landed property is their preferred choice, Natrina Majid and Nik Ahmad Asraf, both aged 26, said that they can only afford condominiums currently after working for only a year plus in Malaysia since returning from the United Kingdom (UK) last year.
“If we can buy landed, we would buy landed. But we can only afford condominiums,” lawyer Natrina told The Malaysian Insider today at the Malaysia Property Expo (MAPEX) 2010.
“My budget is RM200,000 to RM300,000. Houses in Kuala Lumpur would cost at least RM600,000,” she added while cradling her seven-month-old baby in her arms.
Natrina said that their target areas were Taman Melawati or Wangsa Maju since they both work in Kuala Lumpur and also because Natrina’s in-laws were staying in Taman Melawati.
Currently, the young couple is staying with Natrina’s in-laws.
Senior assistant registrar Nik Ahmad also said the other main reason behind their hunt for a condominium was for investment purposes, adding that they may want to sell it sometime in the future.
“It is very easy to find buyers for condominiums compared to landed property,” said Nik Ahmad.
“The market is very big for condominiums compared to landed (property), like students and single people,” he added.
The couple’s choice for a condominium over a house because of a tight budget fits a growing trend of young Malaysians opting for condominiums or apartment units that can cost half the price of houses in Petaling Jaya or Kuala Lumpur.
Statistics by the Valuation and Property Services Department showed that condominium and apartment units formed the bulk of total residential property transactions in Kuala Lumpur last year at 49.1 per cent (9,936 units).
When asked to describe their property search that began since their return from the UK last year, Natrina said that it was “stressful” while Nik Ahmad cited it as a “very tedious and long process.”
The couple were married five years ago before going to the UK to study law together.
”We want something where we want to stay in and also something that we can sell down the line. So it is very difficult looking for something with that dual purpose,” said Natrina.
“It was stressful (looking for properties) because of the price. The ones you want are really expensive. Sime Darby properties are nice but are expensive. We are also looking for one with a 10 per cent bumiputra discount as we don’t want to pay a down payment,” added the lawyer.
Nik Ahmad said that it was very difficult looking for property according to several criteria they had.
“Our budget is RM300,000. We also like condominiums with low density. There is also security and traffic. We don’t want very congested traffic and we want easier access,” he added
Hmm…if they find it hard for that price, can they at least think how many of us is in the situation WITHOUT the Bumi Discount?…if it is too expensive, they should at look at other areas…not in central KL!…
i only blame the SYSTEM in this country! this had made the people become dependent n lazy. But in a long run this system cannot sustain the demand of certain group of people! sigh