PH vs SJ...

Update 21/2/08 5.24pm:

Found a calculation somewhere that allows me to estimate all the hidden costs apart from down payment. Example:

Inputs:
Property Price = 450,000
Down Payment = 50,000
Loan Amount = 400,000

Outputs:
Stamp Duty Govt = 1%*100,000 + 2%*350,000 = 8,000
Stamp Duty Loan = 0.5%*400,000 = 2,000
Legal Fees = 1%*150,000 + 0.7%*300,000 = 3,600
Valuation Fees = 1/4%*100,000 + 1/5%*350,000 = 950
MRTA = 5%*400,000 = 20,000

Total Hidden Costs = 34,550 !!!!!

I'm screwed...

Original:

I am now changing my footing. Planning to look into Putra Heights after all. Subang Jaya... well as much as I love this neighbourhood, I can't seem to find the right house. So, planning to look at Laman Putra houses. Won't be cheap. Close to or exceeding 400K for a basic house. But the pros are that the fittings, tiles and piping/electrical wiring are all new and quite good quality lar. So, for a real basic house, all we need to do is just install grilles and kitchen cabinets. Maybe a skyroof to cover up the courtyard from above. So that's additional 10-15K of reno. Total should be below 450K. I hope we don't have to take 400K loan coz the MRTA will kill us! But nowadays with good mortgage rates (BLR - 2% for the whole tenure), the installments should be more manageable.

So... keeping hopes in check, gonna go viewing this weekend!