Most first-time property buyers fail to see the hidden costs in purchasing real estate.
The developer is also bearing the cost of all legal and transaction fees. So, all it takes to own this condominium is an initial RM9,000. You can still buy a 1,000 sq ft condominium at around RM430,000. So, its price per sq ft is RM430, which is half of Parz’s. So, if you’re trying to sell your Parz unit at RM600,000, the new buyer must have at least RM90,000 in initial capital outlay. Put yourself in their shoes. If you have RM90,000 to invest, would you buy a 475 sq ft unit or a 1,000 sq ft unit?Assume the average price per sq ft for a condominium here is RM430 and that it might appreciate by 50% in 10 years. This brings the price per sq ft to RM645.
This depends on the average income of young working adults in Subang Jaya and on the type of cars they drive.