I am in a dilemma. Looks like I am always in a dilemma. Today’s dilemma has to do with my quest for a house. Let me get one point straight. I, like many other potential house buyers, would really LOVE to stay in Bandar Utama, Damansara Jaya, Mutiara Damansara, Bandar Sri Damansara, Sunway SPK, Desa Park City and what not. Who doesn’t, right? Unfortunately the price of real estate in these areas are exorbitant. The prices are too expensive for the design and built up of the house.
Take Desa Park City for example. Anne and I went to check out the Southlake Terraces, a newly developed sub-area in Desa Park City. This 2.5 storey house is nice but there are some “artistic” design to the houses that made certain rooms extremely small. The kitchen, for example, is a quarter of my kitchen size. It is extremely small. And this house cost RM800k.
I have also looked at a few houses in Bandar Sri Damansara. The houses are small. The ceiling are low. A typical 22x75 house with a built up of maybe 1600-1700 sq ft cost around RM380k. Some are asking for RM400k. It’s crazy.
On the other hand, I am eyeing one house in Bukit Rahman Putra. Bukit Rahman Putra is in Sungai Buloh. It is not too far from my house (11km distance or 20km from 1Utama) but the traffic is crazy because they are “always” building/expanding the roads. Because of the condition of the traffic, BRP houses does not have high values.
BRP is a very beautiful township. It is quiet and very well established. Houses there have very nice built up because 15 years ago, when the developer (Hong Leong) built BRP, it was supposed to be the next big housing area. Unfortunately, they were screwed because houses in Bandar Utama came up.. and the government moved all the important infrastructure south to Cyberjaya and Putrajaya, which explains why Puchong prices came up instead. My mother remembers that when Hong Leong started selling BRP houses 15 years ago, the going price was RM220K. This is the same price as the first phase of Bandar Utama houses in the same time frame.
Anyway, to cut a long story short, BRP is a nice township but there are little values in the houses there because of the bad traffic and the fact that people are moving South.
The house I was eyeing is a corner house. The land area is 42x70. The house is 20x70 with a built up of almost 1700sq ft. All the rooms (there are 3 rooms upstairs, one downstairs and 3 baths in total) are design in squares so they looked spacious. This house has a 22ft empty land as the corner – almost as big as a typical intermediate house.
The going price: RM375k.
It is affordable. I do not need to eat bread to afford this house. But, I have to face traffic going to work everyday. Also, if I am hoping for the price to double in 10 years, I think it will be difficult. Having said that, a corner will definitely have a higher price than an intermediate so this could be a slightly plus point. So, I am torn. Should I get a house in BRP at an affordable price and face traffic or should I get a smaller place at the same price range in a better location?
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