Property Views
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I live “next door” to Malaysia but I won’t touch Malaysia properties lah.
The Malaysian lady who does facial for me, told me she bought a new landed property, opposite her mum’s place, and it was left vacant for very long. Rent it out no value (RM800/mth) because whole stretch of landed houses there were all left vacant, all waiting to be rented out.
DH’s colleague bought one luxurious condo in JB, developer stopped the construction half way! In the end, he chose to have his deposit forfeited to cut his losses.
DH said he saw big posters promoting JB Forest City at Shenzhen airport a few years back, so I believed that those who are gullible to be cheated already kena cheated. Now, the in thing is to buy Bangkok / Cambodian properties. -
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MyPillow\" post_id=\"1915081\" time=\"1560951589\" user_id=\"70594:
Those people I know who bought JB properties are “ stucked “ house empty, no buyers , no rental...fr iskandar toeven close to cause way condo[/quote]People buying houses in Malaysia, especially JB, with the intention to rent out clearly don’t understand their property market very well.
Yah, I think that was the case previously before https://www.scmp.com/business/article/2107851/chinese-buyers-retreat-global-property-market-beijing-restricts-deals.floppy\" post_id=\"1915075\" time=\"1560946018\" user_id=\"97579:
[quote=starlight1968sg post_id=1915073 time=1560945384 user_id=14025]At JB, lots and condo projects .... A tour guide said many units bought by PRC
You buy property in Johor to retire in. You can rent out your house in Singapore. -
Estéema\" post_id=\"1915086\" time=\"1560955818\" user_id=\"66413:
Sometimes, people say these things to frighten you but may not necessarily be true.
My M’sian frds says they won’t buy any property that Sporeans or PRC buys. So, be prepared to stay in devpt like ghost town s’times or high crime coz the crooks knows these are foreign owned.
There is only one project that were sold in big numbers to PRC - Forest City. This, I agree with your friend. I won’t touch it with a barge pole.
The rest of the properties popular with Singaporeans are typically in Medini, Nusajaya and Danga Bay. These properties are also brought in large quantities by upper middle and upper class Malaysians. Most of these places are quite nice to live in. Ghost town? Maybe. Especially if you are not used to having most owners treating their place as second or holiday homes. High crime area? Far from it. Most of these places are double gated communities and highly secured. Because they are also owned by upper middle and upper class Malaysians (in Malaysia speak, it also means the who’s who and well connected people), they are also very safe.
The best thing is to go see it for yourself (or stay in one of them. The thing about Johor property is not to buy with the ideal of renting it out. It is a good place to stay and retire but terrible if you are expecting good rental returns. -
floppy\" post_id=\"1915098\" time=\"1560963160\" user_id=\"97579:
People buying houses in Malaysia, especially JB, with the intention to rent out clearly don’t understand their property market very well.
Those people I know who bought JB properties are “ stucked “ house empty, no buyers , no rental...fr iskandar toeven close to cause way condoMyPillow\" post_id=\"1915081\" time=\"1560951589\" user_id=\"70594:
[quote=floppy post_id=1915075 time=1560946018 user_id=97579]
Yah, I think that was the case previously before https://www.scmp.com/business/article/2107851/chinese-buyers-retreat-global-property-market-beijing-restricts-deals.
You buy property in Johor to retire in. You can rent out your house in Singapore.[/quote] not ture they dun understnd coz they WERE malaysians - PRs or Sporeans now
probably they say cant sell but in I believe they have DEEP pockets as dun mind to keep for retirement
my auntie waited 15 yrs to sell off her JB landed - just nice break even - she was so happy , auncle was PR -
MyPillow\" post_id=\"1915109\" time=\"1560993000\" user_id=\"70594:
I guess most are just optimistic. Worst case is just live there after retirement...you are 3 times as rich (psle math phrasing) if you move there
not ture they dun understnd coz they WERE malaysians - PRs or Sporeans nowfloppy\" post_id=\"1915098\" time=\"1560963160\" user_id=\"97579:
People buying houses in Malaysia, especially JB, with the intention to rent out clearly don’t understand their property market very well.
You buy property in Johor to retire in. You can rent out your house in Singapore.
probably they say cant sell but in I believe they have DEEP pockets as dun mind to keep for retirement
my auntie waited 15 yrs to sell off her JB landed - just nice break even - she was so happy , auncle was PR
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MyPillow\" post_id=\"1915109\" time=\"1560993000\" user_id=\"70594:
not ture they dun understnd coz they WERE malaysians - PRs or Sporeans now
People buying houses in Malaysia, especially JB, with the intention to rent out clearly don’t understand their property market very well.floppy\" post_id=\"1915098\" time=\"1560963160\" user_id=\"97579:
[quote=MyPillow post_id=1915081 time=1560951589 user_id=70594]
Those people I know who bought JB properties are “ stucked “ house empty, no buyers , no rental...fr iskandar toeven close to cause way condo
You buy property in Johor to retire in. You can rent out your house in Singapore.
probably they say cant sell but in I believe they have DEEP pockets as dun mind to keep for retirement
my auntie waited 15 yrs to sell off her JB landed - just nice break even - she was so happy , auncle was PR[/quote]There is no such thing as being \"stuck\" with a house that they can't sell (but I understand the \"inverted commas\"
). Selling is a function of price. They are probably just not happy selling it at the price that the market is asking for. Given their recent property boom, supply > demand. With so many new properties available, why would buyers want to buy a run down unit at the same price? The thing about rental, who were they intending to rent to? Malaysians? Low yield. Foreigners? Limited number.
Lastly, there are landed, and there are landed. Older (landed) terrace houses would never appeal to foreigners. However, newer landed properties like those in https://gamudaland.com.my/horizonhills/ (by Gamuda Land and UEM Sunrise) or older well developed projects like https://www.leisurefarm.com.my/ (by Mulpha) have lots of appeal. Notwithstanding, selling remains a function of price. If die-die wants to make a capital gain of x% before selling, then got to wait (long-long) lor. -
Nebbermind\" post_id=\"1915110\" time=\"1560993633\" user_id=\"15571:
Actually don't really need to wait until after retirement lah
I guess most are just optimistic. Worst case is just live there after retirement...you are 3 times as rich (psle math phrasing) if you move there A number of my friends, once their kids are old enough (typically university age), they move over to Johor. They apply for the http://www.mm2h.gov.my/index.php/en/ and live in semi-retirement. In a way, they get the best of both worlds.
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floppy\" post_id=\"1915135\" time=\"1560998733\" user_id=\"97579:
But I would say that the commute would be a deal breaker if you are still employed in SG and work regular hours.
Actually don't really need to wait until after retirement lah A number of my friends, once their kids are old enough (typically university age), they move over to Johor. They apply for the http://www.mm2h.gov.my/index.php/en/ and live in semi-retirement. In a way, they get the best of both worlds.
But my advice for those who are planning to retire there is to just rent a unit there -
Nebbermind\" post_id=\"1915139\" time=\"1561001288\" user_id=\"15571:
Err... they are still employed in SG though some of them have taken on jobs that allow for work to be done remotely (hence, semi-retired).
But I would say that the commute would be a deal breaker if you are still employed in SG and work regular hours.floppy\" post_id=\"1915135\" time=\"1560998733\" user_id=\"97579:
Actually don't really need to wait until after retirement lah
A number of my friends, once their kids are old enough (typically university age), they move over to Johor. They apply for the http://www.mm2h.gov.my/index.php/en/ and live in semi-retirement. In a way, they get the best of both worlds.
But my advice for those who are planning to retire there is to just rent a unit there
Personally, I've done the commute regularly to / fro Singapore and Malaysia via both causeway and second link in the past. Second Link is not really that bad (causeway can be a nightmare sometimes, especially if I'm on my bike :scared: ). For those who are used to 1hr to 1.5hr commute (try driving up 2hrs to Melaka for chicken rice lunch and come back home before dinner ), it is comfortably doable. It is really not much worst compared to waking up and sending the kids to primary school :siam:
That said, i can understand that it's a deal breaker for most Singaporeans who are already used to 30mins commuting to anywhere or for those who don't intend to spend much time behind their wheels.
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