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UNIVERSITI OF KUALA LUMPUR BUSINESS SCHOOL
INDIVIDUAL ASSIGNMENT
SESSION JULY 2020
MPU3482 PERSONAL FINANCIAL MANAGEMENT
ASSIGNMENT 2
IDEAL PROPERTY
NAME: NUR IZZAH ILYANA BINTI ZAINOL
STUDENT’S ID: 62212120590
LECTURER’S NAME: SIR MOHD KHAIRIL BAHARI
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Table of Content
Introduction ……………………………………………………………………………………………. 3
Non – financial aspects …………………………………………………………………………….. 4-5
Pros and cons …………………………………………………………………………………………. 6-7
Potential issues ………………………………………………………………………………………… 7-8
Financial aspects……………………………………………………………………………………….. 8-9
Loan/financing chosen… …………………………………………………………………………….. 9
Conclusion… …………………………………………………………………………………………….. 10
Reference …………………………………………………………………………………………………. 11
Question 2 ……………………………………………………………………………………………….. 12-13
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Ideal Property
Everyone has their own ideal home to settle down in the future. Buying the first
property is exciting because it marks the start of a significantly brand new chapter to you and
your partner. However, it’s also a big deal as there are various things to consider, such as the
price, the acquiring of a loan, the location, and many more factors. Various types of
residential properties are widely being offered by property developers (small, medium and
large sized) in the market for first time home buyers. As for first time home buyer, the newly
married couple also need to do some research as to how much the property has appreciated in
value in the last three to five years and what are the future prospects. The newly married
couple can always make comparable properties that are still currently on the market to ensure
that they are getting the best price for the property. The couple can compare against recently
sold properties and compare against still unsold properties.
Buying a house for the first time could be a tricky decision. As a first time
home buyer for the newly married couple, they might face various challenges with arranging
for finances being a prominent one. Finding a suitable property might be tricky for the first
time home buyer because the requirements are unique to individual and some individuals
may have more requirements than the other. There are a few things that the couple should
consider before purchase their new property. An ideal residential property that I would
recommend based on their income bracket which is their total salary RM 10,000 monthly,
specifically catered for their need and lifestyle is 2-sty Terrace house as their first house in
Bandar Spring Hill Sendayan, Seremban 2. The build-up is 1946 sq. ft and the land area is
22×70. the concept and there are four rooms, three bath room and it will fit four cars at the
garage. The cost of the house is RM329,000. Generally, the monthly payment will cost
RM1438. The location is very strategic and not crowded.
Non – financial aspects
Criteria
Elaboration
1. Location of the property
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Location is the most important thing to take
note because it will be easier for us to suit
ourselves with the new environment.
✓
It is 10 minutes only to Seremban 2.
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There is mosque, club house, interactive park,
and lake park nearby.
✓
3 minutes to the hospital and top university in
Seremban.
✓
Safety Guard
2. Type of property
