Knowing your budget in property investment

The table below are the 4 type of property and their market value. With the table, it will help investor to prepare their budget for targeted property.

summary

🚪 Type I:  Property value less than RM 250,000

This type of category normally is residential property type. Example, high rise low or  medium cost apartment.

For this type, a person need min gross income RM 2000-2100 per month in order to get the bank loan approval for purchase this type of property. Please check Affordability of Loan or How much you worth to get loan from bank? for more details.

As newbie or virgin in property investment, it will be better to invest in this type of budget property. Normally, the rental yield is good in this type of property, look out for the GEM!


🚪 Type II:  Property value around RM 250,000 – RM 750,000

This type 2 can be residential or commercial property category and it can be high rise or landed type. Example, high rise condominium, landed single storey house, double terrace house, semi-D, commercial SOHO, SOVO and etc.

For this type, a person need min gross income RM 2200-6500 per month in order to get the bank loan approval for purchase this type of property.

As newbie or virgin in property investment, if your salary range is as above, you can invest in this type of budget property too.


🚪 Type III:  Property value around RM 750,000 – RM 1,250,000

This type 3 can be residential or commercial property category and it can be high rise or landed type too. Example, high rise condominium, landed double terrace house, semi-D, commercial shot lot and etc.

For this type, a person need min gross income RM 6500-10,000 per month in order to get the bank loan approval for purchase this type of property.

This budget of property will be the next level of investment which I category it as 3rd type/ 3rd level.


🚪 Type IV:  Property value above RM 1,250,000

This type 4 can be residential or commercial property category and it can be high rise or landed type too. Example, high rise condominium, landed semi-D, landed banglo, commercial shot lot and etc.

For this type, a person need min gross income above RM 10,000 per month in order to get the bank loan approval for purchase this type of property.

This budget of property will be the highest level of investment which I category it as 4th type/ 4th level.

Article Source: ChatProperty

With the summary above, now you have clearer view on the market value. Hopefully these can be helpful when make decision on property investment budget.

For more information about Property Tips, please visit 👉 Property Millionaire Intensive

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