1
Is buying a PR1MA or sub-RM300k first home worth it for a fresh grad in the Klang Valley?
Fresh grad here earning about RM3,200, staying in a rented room in Puchong. Everyone keeps…
437 views
PR1MA house worth buying or better buy from developer?
Household income around RM8k, thinking of applying PR1MA because cheaper. But heard the location usually far and got 10 year moratorium cannot sell. Anyone staying in PR1MA, is it worth or better save more and buy normal condo?
Anonymous asker ·Asked on 1 months ago ·788 views ·4 answers
Best Answer
Anonymous contributor Beginner First-hand experience
I stay in a PR1MA in Selangor going 3 years now, sharing honest experience. Pros: I bought at below market price, and monthly instalment cheaper than renting a similar unit. For a first home with our income, we could not have afforded the same size in a private condo. Cons: yes the moratorium (10 years cannot sell) is real, so treat it as a home to live in, not investment to flip. Location was ok for us but some PR1MA projects genuinely ulu, check the specific project. Also management/maintenance quality varies a lot by project, visit and talk to existing residents before commit. For own stay and first home, worth it. For quick capital gain, forget it. Do the ballot early because demand high.
Anonymous contributor Beginner First-hand experience
Visit the actual project site during weekday evening AND weekend before you decide. Photos and showroom lie. Check the traffic to your workplace during peak hour, the nearby amenities (pasar, klinik, sekolah), and phone signal inside the unit. I almost bought one that looked great online but the daily jam to KL would have killed me. Location location location, even for PR1MA.
Cikgu Tuisyen Ganesh Beginner First-hand experience Run tuition centre, I guide on scholarship, matrikulasi vs STPM and course pick strategy.
One thing people forget, get your loan pre-approved before you get too excited. Even at PR1MA prices, if your DSR (debt service ratio) is high because of car loan and PTPTN, bank might reject or offer lower margin. Sort your credit health first. Nothing worse than winning the ballot then bank say cannot.
Grab Driver Kumar Beginner First-hand experience Full-time Grab 6 years, I know petrol cost, incentive game and best makan spots lah.
With RM8k household income you might be near the upper eligibility limit, double check the criteria first, it changes. Also the moratorium means your money is locked into that property for a decade. If your job might relocate you or family will grow fast, that inflexibility is a real cost. We chose to rent a bit longer, save aggressively, and bought a subsale condo nearer to LRT instead. No regrets, resale liquidity gives peace of mind.
Answer this
Related terms
Related questions
4
Rumah PR1MA worth buying for first house?
My income around RM5k, thinking of applying PR1MA. The location a bit so-so though. Better…
2,604 views
5
PR1MA house worth applying or better buy from developer?
Household income around RM7k, thinking of applying PR1MA in Rawang area. Heard got 10 year…
752 views
2
PR1MA berbaloi ke berbanding beli rumah open market?
Combined income dengan wife around RM8k. Ada tengok unit PR1MA area Selangor, harga nampak…
586 views
17
Landlord wants 3 months deposit plus utility deposit for a condo in PJ, is this legal and can I negotiate?
Looking to rent a 2-room condo in Petaling Jaya, rent is RM1,800. The landlord is asking f…
807 views
5
Is renting a whole condo unit alone worth it vs sharing in the Klang Valley right now?
I'm 27, single, working in KL Sentral area, take-home about RM4,800. I'm so tired of house…
803 views