Are there still affordable homes in the Klang Valley?

Are there still affordable homes in the Klang Valley?

No such thing as a perfect property

I need a home which can accommodate 4-5 people. The home must have 3 rooms and 3 baths. The home must be near to my office and near to my son’s school and near to my wife’s favourite supermarket. The home has to come with tiptop security and super good facilities such as a pool, badminton courts, jogging track etc. The home must be priced below RM300,000.

Hopefully it’s NOT a high rise unit as I heard only landed property will have price appreciation. If there is a property which meets all the requirements as stated here, please inform me as well okay? In other words, there is no such thing as a perfect property. Think about it. Even the super wealthy, when they bought a land to build, they will have a totally different design in their mind. If they bought a new property, they will also renovate it extensively too.

How about meeting some of the above expectations?

Well, every one of the below choices meet the price expectations. All are from propertyguru.com.my as at 22nd October 2025. All have a minimum of 2 rooms or more, so maybe can meet expectations of a couple together with two children. For the location, they range from Setapak to Selayang to Cheras. So, there are some choices here too. Meanwhile from the looks of it, all these high-rise units do come with security. I do think they have facilities too, just not at the level expected by everyone. Do take a look and proceed to propertyguru.com.my to dive deeper and then call the RENs too to arrange for viewing.

How much is the monthly installment if it’s below RM300,000?

Here’s the calculation:

Save enough for the downpayment and voila, just pay RM1,328 per month. Do add maybe RM250 for the maintenance fee and that would come to roughly RM1,600 per month. Search out the banks, ask them what’s their current rate. Every little saving would be huge yeah. Imagine saving just an extra RM50 per month and that’s RM600 per year. More than enough for a birthday celebration…

Who can afford such a property? How much salary should we have?

If we use maximum of 40 percent of monthly salary as a benchmark, then it should be for anyone earning RM4,000 nett salary per month. Once the person uses 40 percent for this home, they have another RM2,400 for a car (maybe a Proton Saga) and the rest can be for food and other expenses. Generally okay unless of course there are a lot of other unavoidable expenses. For the avoidable ones, I do think it’s okay.

Remember, every year, the salary should move up a little. Say 3% per year means next year, salary would be an extra RM120. Meanwhile the monthly mortgage should stay almost the same. That’s why the monthly mortgage gets easier after a few years. Delaying it would not help the situation because the extra money could have been spent in Shopee versus saving it for a home in the future.

Happy thinking and truth is, there are a lot more other choices too. Just need to manage our expectations on the price versus the available units.

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