Living in JB 2 (Johore)

[sgtsk]

Many years ago I have a good chance of making a lot of money... I was in my 20s.. The money is enough for me to retire immediately and travel round the world till I am old... However due to some reasons which I think god is helping me for not getting the money..if not I will be a very different person because I will not know what to do with the money at that age..

Over the years I saw many young folks suddenly making good money out of no reasons.. They convince themselves it is because they are smart and because they work hard...(yes I am drunk)...and they become complacent and proud, they talked loud and looked down on people.. However a few years down the road and with the change of the tide.. They realize actually they are just a bit lucky.. And idiots will make the same money under the same situation... Sometimes one need to know without some heavenly blessings, you might not get that...

Do you really think all those civil servants making millions are because they are the best and smartest? I seriously dont think so.. ( I am sleeping soon)..

Everyone has a path in this life.. Everyone will experience different things.. Do be humble when you do well because someone doesn't do well might not because he is lazy... Even a smart guy who are strucked by a big sudden sickness or a sue, he might end up having to clean tables in golden shoe..

How so true!

I remembered someone told me that in some investment, it could only goes up or goes down or no up no down. If one thousand idiots were to make the investment, it wouldn't be surprising if about 1/3 of these idiots were to be right sometimes. So it is contraditory to say these idiots were smart because idiots by definition are not smart.

[sgtsk]

Hi everyone,

Does anyone know whether construction of Life-Style Mall beside Legoland has started? It is suppose to open sometime around end of this year together with Legoland, Indoor Theme Park(Puteri Harbour) and Traders Hotel.

I was there sat afternoon, some structures are half built, not sure if these were for the life style mall. One 30 storey hotel in China was built in 2 weeks. If similar speed is to be used, then the mall could likely be ready by year end

[sgtsk]

Some learned people say this is the general trend in the world today where corporate interests have become so powerful. I am sure it would become worse in decades to come. Not sure I could have chance to see reversal in my life time.

[spidey]

I guess No impact. Status quo. Those who travel during peak hours are workers. So money must still be paid in order to get to work ...

Bro, impact will be those PRs that stays in JB but work in SG, coz SPR cannot drive MY registered cars in SG..
Also those SG businessmen that need to travel to JB on a daily basis, eg hv factory there or salesmen need to go JB to meet client..,
I know some of these ppl go thru like a couple of times a day!
Can't imagine, will be a real pain for these group of ppl.

I see another impact would be businesses will be factoring in these cost and prices of things may go up...both side of the causeway! thou not a lot lah! Then again never know!!

Also bros, IF the MY gov charge SG registered cars, then what about the SG CIQ? Also charge SG registered cars only and all MY registered cars o need to pay? Or charge on MY registered cars? Tit for a tat!!

If this is really the case, I believe a lot of ppl will be screwed... Local and foreign alike...
On the other hand, will it be a smoother ride to Jb?

[spidey]

Some learned people say this is the general trend in the world today where corporate interests have become so powerful. I am sure it would become worse in decades to come. Not sure I could have chance to see reversal in my life time.

Yes, it is, my co just did this, cost saving mah....and I lost 15 staff in this process!!
Either the co survive or a lot more ppl will get the axe... It's a cruel world out there!

One of our bros here hit the point - be humble and be contented with what u have! Someone out there is in a worse shit than you!
I would like to add, spend more time with yr loved ones, live is too short! God bless...

[lonelysin]

Brother DREAMorACTION,

Besides Nusa Duta, you can go for other projects. I think Bukit Indah 2 or Sutera Utama are good places worth having a look as well. I would it's overprice over there at the moment. There's one property, owner and agent asking for 880K but valuation comes back 650K only.

As for the agent, I will just forget it. I'm not against agent and paying the 1% but what we want is reliable and trustworthy agents. I've been meeting alot of agents previously and I can say than some are good. We just need to becareful. From the way they talk we will know whether they are good or not.

Nusa duta to be precise. The next stop was gonna be HH but I saw no point dealing with that agency anymore so I left ...

[lonelysin]

Brother DREAMorACTION,

If you buy straight from developer, there's no need valuation. For new projects, regardless how high the price is, one can get maximum loan from the bank. It is the subsale property that we need to get a valuer. Imagine developer selling a property at 600K and after completion, the owner would like to sell it at 800K. Do you think the valuer will valuate the property up to 800K?

Yup, once u see panel bankers sitting at the sales office, it would mean that the bank has assessed the market value of the launch price and ready to provide loan facilities based on the launch price. It saves so much hassles and no valuation report is needed. Also in another word, there is no point visiting banks that u dont see at the sales office, because they will come back with hundred and one excuses to delay your application, and due to the deadline of 14 days to pay the down payment, one can only go with the panel bankers at sales office.

So for those that are going toall the banks to submit application, don't waste time. This is speaking from experience. Cheers

[spidey]

As for the agent, I will just forget it. I'm not against agent and paying the 1% but what we want is reliable and trustworthy agents. I've been meeting alot of agents previously and I can say than some are good. We just need to becareful. From the way they talk we will know whether they are good or not.

Why buyer need to pay 1% to agent, in all my property purchases in MY KL, buyers DO NOT need to pay anything to the agent ..only sellers have to coz they appointed the agent. Why is JB following SG Policy? Just because they are near to SG?
In KL, u don't get this kind of fees on the buyer!

[lonelysin]

Too many rules, restrictions and regulations.
Last week while talking to a Malaysian colleague, I was told that a SPR who wish to convert to Singapore driving license needs to let go Malaysian driving license.

Bro, impact will be those PRs that stays in JB but work in SG, coz SPR cannot drive MY registered cars in SG..
Also those SG businessmen that need to travel to JB on a daily basis, eg hv factory there or salesmen need to go JB to meet client..,
I know some of these ppl go thru like a couple of times a day!
Can't imagine, will be a real pain for these group of ppl.

I see another impact would be businesses will be factoring in these cost and prices of things may go up...both side of the causeway! thou not a lot lah! Then again never know!!

Also bros, IF the MY gov charge SG registered cars, then what about the SG CIQ? Also charge SG registered cars only and all MY registered cars o need to pay? Or charge on MY registered cars? Tit for a tat!!

If this is really the case, I believe a lot of ppl will be screwed... Local and foreign alike...
On the other hand, will it be a smoother ride to Jb?

[Nasi Lemak]

Why buyer need to pay 1% to agent, in all my property purchases in MY KL, buyers DO NOT need to pay anything to the agent ..only sellers have to coz they appointed the agent. Why is JB following SG Policy? Just because they are near to SG?
In KL, u don't get this kind of fees on the buyer!

Agreed with you bro..

[lonelysin]

I TOTALLY agree with you. It is the seller/vendor that approach the agent to represent them. Buyers are JUST buyers. I do not see the rasionale on buyers paying the 1% comission to agent. This policy is crap. I raised this question many times to the agents especially KC and JY. They said KL is KL and JB is JB, different law. Is there such law? Maybe we should lodge a complain to the Malaysia real estate association etc. Is there one?

Anyway, both states are under Malaysia. There must be governing body for this real estate thingy.

Why buyer need to pay 1% to agent, in all my property purchases in MY KL, buyers DO NOT need to pay anything to the agent ..only sellers have to coz they appointed the agent. Why is JB following SG Policy? Just because they are near to SG?
In KL, u don't get this kind of fees on the buyer!

[Nasi Lemak]

Too many rules, restrictions and regulations.
Last week while talking to a Malaysian colleague, I was told that a SPR who wish to convert to Singapore driving license needs to let go Malaysian driving license.

You dont need to let go MY driving license.
It is all rubbish where the JPJ Johor wanted to get few hundreds of kopi money from you in order for you to retain the MY driving license.
Try any other states in MY the JPJ do not have such rules that you must cancel your MY driving licence.

[Lord Aragorn]

On the other hand, will it be a smoother ride to Jb?

The qn is whether the SPR malaysians and others will

A. Switch to motorbikes
B. Not deliberately use the causeway even if they are near the 2nd link

This will reduce congestion if it happens. But will it happen?

Also, what proportion of the peak causeway traffic is Malaysian cars? If there were a lot, why would they rather pay $20 per entry than to own a cheap SG car? I'm quite interested to know the profile of drivers taking the causeway during peak hours. That will help us analyze the impact of traffic due to the toll hikes.

[Arowana88]

Bro, how many penthouses are there at your condo? I just saw another recent ads stating penthouse on sales...

Bro u wan to buy is it?? Tot u have laguna?

[Arowana88]

The qn is whether the SPR malaysians and others will

A. Switch to motorbikes
B. Not deliberately use the causeway even if they are near the 2nd link

This will reduce congestion if it happens. But will it happen?

Also, what proportion of the peak causeway traffic is Malaysian cars? If there were a lot, why would they rather pay $20 per entry than to own a cheap SG car? I'm quite interested to know the profile of drivers taking the causeway during peak hours. That will help us analyze the impact of traffic due to the toll hikes.

Time to call in all bikers!!!! Toll only rm1!!!

[DREAMorACTION]

I feel like going to take a look, although I do have taman laguna. So, how many are there please?

Bro u wan to buy is it?? Tot u have laguna?

[teck21]

I TOTALLY agree with you. It is the seller/vendor that approach the agent to represent them. Buyers are JUST buyers. I do not see the rasionale on buyers paying the 1% comission to agent. This policy is crap. I raised this question many times to the agents especially KC and JY. They said KL is KL and JB is JB, different law. Is there such law? Maybe we should lodge a complain to the Malaysia real estate association etc. Is there one?

Anyway, both states are under Malaysia. There must be governing body for this real estate thingy.

There is no rationale for this practice at all, zero. JB have different law? Screw that. I have also thought about complaining to somebody, but first one needs to find out who, and then even after that, one has no way of ensuring disciplinary action on offending agent, or in fact any kind of enforcement action by relevant agency. Even worse, agents become bolder when no action gets taken against them. Malaysia, like Singapore (Singapore less so now), many things are done for wayang only.

There is one way to screw these f*ckers over, but only assuming that like in Singapore, anybody can pay money to find out who the registered property owner is. Here we only need to pay URA a few dollars to find out who owns a property, so long as it has a caveat lodged against it, and most do.

If it can be done in Malaysia, simple. Talk to agent, see house you like. Say bye bye to agent, find seller details, contact seller and make offer. Bypass agent altogether. Since agents want to play dirty, play dirty with them. They want to unlawfully collect 1% from buyer (thereby representing no one's interest but their own), buyer and seller no longer have any financial obligation to said agent. Use that against them, see what they have to say.

In Singapore few people do this because the practice of collecting money from both parties has more or less stopped. And if a seller tries to bypass an agent (assuming the agent had a direct effect on introducing buyer to seller), the owner will get sued and still have to pay comm. Assuming the selling agent has not been guilty of any wrongful action.

But in the case of these JB agents, their attempts to collect 1% from buyer plus however many % from seller is wrong, legally and ethically. No need to play by their rules.

I paid 1% to agent when I bought my property because I was blur, and in the very first meeting with the agent, when discussing fees to pay, I already mentioned the 1% comm. Stupid me ha ha. But never again will I pay buyer's commission because such a thing should not exist at all.

[DREAMorACTION]

Bro, to be more factual, not all banks can give the loan facilities based on the asking price of the developer. Different banks have their own valuers and only banks that have valuation close to the launching price will tie up with developers (called the EF line) and the buyer would be able to obtain full loan. That's why u will never see all the banks going in and finance a particular project, due to different risk appetite and valuation ... Cheers

Brother DREAMorACTION,

If you buy straight from developer, there's no need valuation. For new projects, regardless how high the price is, one can get maximum loan from the bank. It is the subsale property that we need to get a valuer. Imagine developer selling a property at 600K and after completion, the owner would like to sell it at 800K. Do you think the valuer will valuate the property up to 800K?

[DREAMorACTION]

Thanks bro for the recommendations. I have indeed visited all the tamans, including those in the east and north JB. It's amazing how many developments u can find throughout JB and I always enjoy looking at the new designs

Brother DREAMorACTION,

Besides Nusa Duta, you can go for other projects. I think Bukit Indah 2 or Sutera Utama are good places worth having a look as well. I would it's overprice over there at the moment. There's one property, owner and agent asking for 880K but valuation comes back 650K only.

As for the agent, I will just forget it. I'm not against agent and paying the 1% but what we want is reliable and trustworthy agents. I've been meeting alot of agents previously and I can say than some are good. We just need to becareful. From the way they talk we will know whether they are good or not.

[DREAMorACTION]

Bro teck, been very busy? Noticed u are posting lesser and lesser in your renovation blog. Would be great if u share the progress pics too happy Reno!

There is no rationale for this practice at all, zero. JB have different law? Screw that. I have also thought about complaining to somebody, but first one needs to find out who, and then even after that, one has no way of ensuring disciplinary action on offending agent, or in fact any kind of enforcement action by relevant agency. Even worse, agents become bolder when no action gets taken against them. Malaysia, like Singapore (Singapore less so now), many things are done for wayang only.

There is one way to screw these f*ckers over, but only assuming that like in Singapore, anybody can pay money to find out who the registered property owner is. Here we only need to pay URA a few dollars to find out who owns a property, so long as it has a caveat lodged against it, and most do.

If it can be done in Malaysia, simple. Talk to agent, see house you like. Say bye bye to agent, find seller details, contact seller and make offer. Bypass agent altogether. Since agents want to play dirty, play dirty with them. They want to unlawfully collect 1% from buyer (thereby representing no one's interest but their own), buyer and seller no longer have any financial obligation to said agent. Use that against them, see what they have to say.

In Singapore few people do this because the practice of collecting money from both parties has more or less stopped. And if a seller tries to bypass an agent (assuming the agent had a direct effect on introducing buyer to seller), the owner will get sued and still have to pay comm. Assuming the selling agent has not been guilty of any wrongful action.

But in the case of these JB agents, their attempts to collect 1% from buyer plus however many % from seller is wrong, legally and ethically. No need to play by their rules.

I paid 1% to agent when I bought my property because I was blur, and in the very first meeting with the agent, when discussing fees to pay, I already mentioned the 1% comm. Stupid me ha ha. But never again will I pay buyer's commission because such a thing should not exist at all.