Affordable Homes in Selangor: Tips for Aspiring Home Buyers


Affordable Homes in Selangor: Tips for Aspiring Home Buyers

Which are some of the affordable housing projects in Selangor (RM500,000 and below) suitable for a single working adult or a young couple looking to start a family?

Some of the areas that aspiring homebuyers can look at are as follows:



A major town in the Klang Valley area, Puchong is home to both local and foreign banks and has a multitude of shopping malls and business centers. Purchasers should look at either Bandar Kinrara Puchong or Bandar Puteri Puchong.



This suburb located to the southeast of Klang Valley is also adjacent to Ampang and Kajang. Boasting great connectivity, Cheras provides easy access to KL, Kajang, Middle Ring Road 2 (MRR2), Jalan Kuching, Maju Expressway (MEX) and Jalan Mahameru, among many. Promising neighbourhoods include Taman Segar Ria and Bandar Sri Pemaisuri.



A bustling township, Wangsa Maju has numerous eateries and conveniences along Jalan Genting Klang. Providing easy access to DUKE Highway, MRR2 and the Ampang-Kuala Lumpur Elevated Highway (AKLEH), the area is also home to Kolej Tunku Abdul Rahman, Columbia Hospital, AEON Wangsa Maju and AEON Walk.


I have a monthly salary of RM3,500. What kind of properties should I be looking at and within which price range?

For those with a monthly salary within the RM3,500 income bracket, they would only be able to afford a property not costing more than RM350,000.

Hence, some of the suitable home options include medium cost townhouses, apartments, flats or smaller-sized units such as SoHos, SoVos, SoFos and studio units.

Single-story landed homes are also possible, granted one will have to cast their sights to Greater Klang Valley to areas such as Semenyih, Kajang, Nilai, Rawang, Sungai Buloh and Klang.


What other expenses should I take note of, besides the down payment and how much will the total cost be if I am purchasing a home costing RM400,000?
Besides the down payment, other expenses incurred when purchasing a  property include:

1)    lawyer fee for Sales and Purchase Agreement
2)    Lawyer fee for loan agreement
3)    Stamping fee for Sales and Purchase Agreement
4)    Stamping fee for Loan Agreement
5)    Valuation fee

Assuming that one is purchasing a home costing RM400,000 and a 90% loan is being taken, the calculation of costs will be as below:


Fee calculations
Hence, the total additional cost besides the down payment is RM17,770 or approximately 4.5% of the purchase price.

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