Ya lor, I think my neighbour too anxious to move in. Maybe he wan to pitch a tent at e lake first while waiting for his house ready. Hahaha
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Living in JB 2 (Johore)
- Thread starter wuqi256
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Ya lor, I think my neighbour too anxious to move in. Maybe he wan to pitch a tent at e lake first while waiting for his house ready. Hahaha
They are very good in the hardware so far ! But I have yet to see any improvement on the software . I find starting a small biz in JB equally problematic as 10yrs ago ! Applying to become a PR more difficult than SG .
A lot of simple thing like driving a mini bus / commercial van into JB is not allowed, how to increase trade flow ? Nothing is being change to attract meaningful imigration / businesses , how to substain the mavisive infracture , housing that they built in such a short time .
Look at the above post by Austin/ Nasi Lemak , again they plan to pump in billion to built rivers , hotels and more housing . They expect everyone to buy a house and leave it empty or for holiday use . Nothing mention how to win the customers , how foreigners can start biz / work in JB without so many red tapes . Worst they increased the toll at Woodland ?
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Opps sorry , 16yrs to 18yrs is my era lah .... wrong maths, getting old liao !
start with me,personally i think when u buy something for own stay or investment, look at the location and developer. my guideline always buy location near to singapore, build by good and trusted developer, not overpriced, hav good view/environment (for high rise like sea view, grennery, city view or pool view, avoid west sun). if u hav prop fulfill these criteria, if iskandar failed, will ur prop fail u too?
For most of us nothing happen , we can still us our house as a hoilday home / retirement home . At most is some paper loss lah . For those with multi properties , cut loss , just keep one !
1more points to add, im not so worry bout iskandar fail or not. im more concern about crime rate. the success of iskandar will bring up ur prop value. the increase of crime rate will push down ur prop value. how to get the balance out of it???
Hmm.. not too bad, our group can live in an empty billion dollar city and enjoy smooth traffic all the way, use those infrastructures like nobody business haha..
Well I think if that's the case, basically it will go back to each property development's unique features where other properties doesn't offer, at least it still have some reason for people to hold on to it or still to pick it even thou no doubt overall property market will be impacted. I don't think it will be so bad until it becomes a dead town. E.g. those who are staying in those well developed area e.g. BI that area, life still goes on. For those staying in LF / EL, it still serves as one of the closest area to SG after 2nd link toll. Just that less people will put their money to invest since the appreciation will go back to the 'normal rule' rather than the current crazy rate which based on something that we can't see yet.
Also, I still see JB as a second choice for Singaporean or for those PR who work in SG and thus a fix demand is always there. Depends on the property market in SG at that time. Let's say it is still sky high, perhaps with even lower properties price in JB, it will attract more people to cross border and buy properties there. Who knows?
Interesting topic to be discussed (and worth to be discussed)
Yah, never forget that sovereign risk is still pretty high when it comes to investing in Malaysia (unless you are mega MNC). Local politics there can dictate what happens to Singapore investments, something we'd be wise to always remember. Just because this is a country of sheep does not mean that other countries are like us. Look at what happened with Shin Corp. Temasek went in thinking they were so clever, and never expected the Thai people to protest, just because people in Singapore never protest like that.
And I have noticed some people wondering why Singapore does not make it easy for Singaporeans to live there. I do not understand the puzzlement. Why on earth would our government facilitate people moving there to live? Except the old and infirm whom I have no doubt they wish they could shunt somewhere else.
Singapore can as easily smile and co-operate with Malaysia as they can look the other way and stop contributing altogether.
Iskandar cannot succeed without crime coming down, and crime will not come down unless Iskandar succeeds. The provision of better paying jobs and an overall improvement in the quality of people's lives will naturally bring crime down. Apart from specific instances such as stealing 13mil of clients' money or being at the top of a triad gang, a life of crime is generally not preferred to a life of a decent wage and home. For most human beings at least. If iskandar cannot achieve any decent measure of success, then it is back to the old JB where all who can work in Singapore if they can, and the town is left again to life of crime.
Hmm.. not too bad, our group can live in an empty billion dollar city and enjoy smooth traffic all the way, use those infrastructures like nobody business haha..
Well I think if that's the case, basically it will go back to each property development's unique features where other properties doesn't offer, at least it still have some reason for people to hold on to it or still to pick it even thou no doubt overall property market will be impacted. I don't think it will be so bad until it becomes a dead town. E.g. those who are staying in those well developed area e.g. BI that area, life still goes on. For those staying in LF / EL, it still serves as one of the closest area to SG after 2nd link toll. Just that less people will put their money to invest since the appreciation will go back to the 'normal rule' rather than the current crazy rate which based on something that we can't see yet.
Also, I still see JB as a second choice for Singaporean or for those PR who work in SG and thus a fix demand is always there. Depends on the property market in SG at that time. Let's say it is still sky high, perhaps with even lower properties price in JB, it will attract more people to cross border and buy properties there. Who knows?
Interesting topic to be discussed (and worth to be discussed)
Lol, yah that was my exact consideration when I bought. What if? I figure I am buying to stay, the local infrastructure looks sufficient for decent living if Iskandar fails. I suppose investors won't be so sanguine about it, but all investment comes with risk.
You are right, the negatives need to be considered with the positives, confirmation bias is always there when it comes to investing, looking at the upside without giving sufficient thought to the downside is a sure-fire way to lose more than you win.
Malaysian SPR's who buy are safe no matter what happens, Malaysia is still their country. Not so for pure Singaporeans.
That said, I still rate the probability of Iskandar's success as much more in the direction of yes rather than no.
There's too many what ifs....
What if the value of iskander property reach same level as Singapore in 15 years time ? A condo now at rm500k becomes RM2.4M.
What if the 2 IRs in Singapore push up crime rate in Singapore ?
What if Singapore government really push up local population to 6.5m and beyond ?
What if RM devalues to S$1=RM5 ? What if Temasek lose our reserves & so the other way round S$0.5=RM1 ?
What if most of the factories in Thailand shift to IM ?
Better not think so much about external factors (just think a bit), but more on internal checks.....
While this scenario we all dread and not likely to happen, I think the end result is an immediate fall in security because Govt will not be maintaining or increasing RM into it/
And with loss of jobs (due to failure), hardship sets in, more illegal immigrants, it will be Cowboy Town all over again.
Even it is for own stay, I believe most of us will likely retreat.
Again, this is just an extreme case. "talk talk only, don't be serious hor"
Interesting topic to be discussed (and worth to be discussed)
Indeed!
But sometimes too much thinking of the pros and cons simply make u so difficult to come to a decision. Thats me, unfortunately.:*:
Year 1996, I purchased a 5room flat at Jurong West Central. It cost me S$197,500.
If 12 yrs ago, it should be yr 2000. All I can say is 1996 (@16yrs ago), Jurong West Central 1, 5room flat already cost me @S$200K. And 4room flat cost @$135K.
If u talk abt uluness, not much difference between Woodland and Jurong West (16yrs ago) that time ya.
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Alleyboy
Well, too bad u paid so much. Nothing to argue abt it.
Tat area is not near to mrt n its close to industrial areas.
Well, too bad u paid so much. Nothing to argue abt it.
Tat area is not near to mrt n its close to industrial areas.
No lah. What is there to argue. Price fixed by HDB mah. Juz that i was wondering how come 12yrs ago 4room flat can cost that cheap.
Allenboy, I hear you.
In 1997, after several years of work/savings, we (both NUS graduates in late 20s) paid $245,000 for a 5rm at Yishun Central from HDB.
After Govt grant, we paid $215,000.
We paid off everything by depleting our CPF and every month CPF contribution in 5 years (MOP).
It is 600m walk to Yishun MRT and near to Yishun Central.
We sold it for $420,000 after 10years and with this money, moved into private.
Of course by then, our salaries have increased considerably, so the $420,000 we received was not the reason we moved but buying the next property, at the right price, at the right location, was more important.
These days, the newer generation want to go fast - very different expectations.
Mind you, those days, when we said we had paid $245k for 5rm HDB in "ulu" Yishun, people were saying it's crazy prices too.
Some of our neighbours were young couples like us, some were with families, some white collar, some blue collar - and many were also worried if they could afford to pay for their brand new homes, at that time!
Amongst our friends, we also lamented that we had "missed the boat" and that the generation before us, ie those batch who graduated or went to work earlier, like some 5 years earlier, "had it easy", "so lucky", etc... were able to buy HDB so much cheaper and then moved into private earlier, etc...
Well, it does seem like deja vu and is not much different today - again you hear the laments of the younger generation that the previous generation had it easier, etc etc...
It was certainly not true - as I recall in the early 1990s the starting salaries of a new graduate was around S$1500 - well, below today's - and we did not have it easy too, with all kinds of recessions and retrenchments as industries changed and some even structurally moved out of Singapore permanently.
But for every down cycle, there were equally great up cycles and equal opportunities for many to fight for livelihood and prosper.
It took many of us, several years of work and savings, investing, sacrifices, step by step, to afford today's better living standards - Rome was certainly not built in a day or two!
In the end, all I want to say is that it is certainly not cheap to live in Singapore today but look around you, in Asean, in Asia, in Europe, in USA, etc... where can you find any free lunch?
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