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REAL TALK: Buying a RM500K Apartment on RM6.6K Monthly Income

Had a chat with a friend this morning — they’re planning to buy a RM500,000 apartment with me and wanted my honest opinion.


Of course, most people will say:

> “As long as the bank approves your loan, you’re good to go!”


But let’s break it down realistically — because approval ≠ affordability.


Here’s their actual monthly budget

 Combined Net Income (After minus EPF): RM6,612

 Housing Loan (35 yrs @ 4%): RM2,000

 Management Fee: RM200

 Car Loans (2 Myvi): RM1,300

 Petrol (2 cars): RM300

 Holiday Savings: RM300

 Life Expenses: RM1,000

 Personal Savings: RM300

 Parent Pocket Money: RM300

 Total Expenses: RM5,700

 Leftover: RM912


And that’s before furnishing the house (an empty unit needs renovation, furniture, electricals, etc.).


And definitely before having a baby.

Add in diapers, milk, check-ups, childcare…

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 The bank says “yes.” But can your life say the same?

 Budget beyond just loan repayments

 Don’t forget renovation & furnishing costs

 Plan for future family expenses

 Always leave room for surprises and emergencies

 Buying your first home is exciting — but it should fit your lifestyle, not just your loan approval.

I told my friend to consider something more affordable. A smaller commitment now = less stress later.

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 Thinking of buying your first home? Want help checking if it truly fits your budget?

Feel free to DM or drop a comment. Recently I’ve seen many new homeowners struggling with this exact problem — that’s why I’m sharing the real picture. You may not feel it now, but trust me, you’ll thank me later.


 
 
 

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