Living in JB

[maxpark]

I tend to agree... though I had bought in HK and China years back and made some good money.
Personally, I will only invest in places I stayed in or very familiar with, so that you have time to do legwork homework and buy something you're comfortable with.
Otherwise, it would be too much hassles... I was lucky back then to be based overseas.

Btw, I salute those who seek out and invest overseas in UK, Canada, USA, etc; - these folks are likely well-travelled, different playing level, different mindsets, different risk-tolerance, etc... high risk, high rewards.

Incidentally, according to a well-travelled friend, the next-BIG-thing in these parts of the woods is Myanmar... by next year!

 

[lastresort]

Btw, I salute those who seek out and invest overseas in UK, Canada, USA, etc; - these folks are likely well-travelled, different playing level, different mindsets, different risk-tolerance, etc... high risk, high rewards.

Incidentally, according to a well-travelled friend, the next-BIG-thing in these parts of the woods is Myanmar... by next year!

Suu Kyi will open up the economy..

 

[arsenal]

I golf often in leisure farm but only visit the show house after bought my house in HH.. It is about 3-5km after second link custom.. If your objective is a weekend home, leisure farm is perfect, serene and access to nature.. If objective is convenient and access to amenity, Nusa bestari, sutera, Nusa duta could be better and much cheaper.. HH, NI is nice.. Of course..and so are many other new developments..

Thanks.

You have a unit at Leisure Farm? How long is the drive to 2nd link? I just saw in an online ad that there is an open house at Bayou Creek. Are there units still avail from developer?

 

[arsenal]

Not just Myanmar, we have Vietnam, thailand, indonesia, sarawak etc and etc.. Yesterday heard T3b sales man trying to put up sales speech asking his students to join his investment club to buy property in Myanmar..

Btw, I salute those who seek out and invest overseas in UK, Canada, USA, etc; - these folks are likely well-travelled, different playing level, different mindsets, different risk-tolerance, etc... high risk, high rewards.

Incidentally, according to a well-travelled friend, the next-BIG-thing in these parts of the woods is Myanmar... by next year!

 

[ODYSSEY]

if it is the issue on monetary differences, of course living in JB has lower expeneses, but that is because you are working in Singapore and staying in JB.
But if it is about security, and living standards, i dont think living in JB can offer that.

Hi Johnsgp1,

Welcome to the thread and we hope u have an enjoyable stay. Next time dont announce ur arrival by calling people "idiot" - its not a very nice thing to do.

Do urself a favour by reading this thread from page 1 as advised by bro Yonglip. After u had done this then pass ur judgement as to whether we r idiot(s). Some parts of JB are no longer like what u think.

Read with an open mind and I hope u will find what u are looking for here.

 

[arsenal]

Btw, I salute those who seek out and invest overseas in UK, Canada, USA, etc; - these folks are likely well-travelled, different playing level, different mindsets, different risk-tolerance, etc... high risk, high rewards.

Incidentally, according to a well-travelled friend, the next-BIG-thing in these parts of the woods is Myanmar... by next year!

I agree these are investors of different level and mindsets.. My purchase in JB is more on living, possession and investment return is only secondary..

Suu Kyi will open up the economy..

Heard Sand is building Casino..again?

 

[maxpark]

I agree these are investors of different level and mindsets.. My purchase in JB is more on living, possession and investment return is only secondary..

Heard Sand is building Casino..again?

Bro Arsenal, many of your property & investment views expressed here are very similar to mine, even your interest in golf and your work that involves lots of traveling (mine maybe 40-50% though)... Except I'm a long time (mostly suffering) Spurs supporter, hahaha... Peace, mate!

About Myanmar, apart from Aung San Suu Kyi and her long-drawn struggles, the catalyst is supposedly the lifting of the decades-old US embargo, which some are speculating will be as soon as middle of next year, something to do with Congressional schedule, those who are familiar with american politics probably know better.

You'll want to be in now, before the hordes come stampeding into the park... but catch is, properties there are apparently off-limits to foreigners currently, so you need someone local you can trust to front the purchases; biz partner, 2nd milk, take-your-pick.
So, how does your T3B guru plan to do his thing there, any idea?

Again, very high risk and possibly very high gains.

 

[ODYSSEY]

Hi all, something I can't digest here. Hope u can help to explain.

1) assuming snp price 100k
2) 10% down payment
3) bank only loan 70%
4) for remaining 20%, which is equivalent to 20k, at what stage do I pay? As in do I pay 10% + 20%, then only followed by 70%?
5) assuming suddenly the 20% is defaulted, who will repossess the property? Bank only owns 70% of share. Developer 30%.
6) then assume that I'm a cash buyer. Do I follow progressive payment schedule as well? If so, isn't there no security to developer if I default at any period during the construction period? Or am I required to put down 100% upfront for cash purchase?

Thanks

Hi D/A,

I think u mean to say the purchase price is 100K, not the S&P.

Here's the sequence of monetary expenses u will hv to fork out:

1. RM1000 as initial booking (earnest) deposit to developer (can pay using SGD cheque).
2. 10% of property purchase price (less the RM1000 u paid earlier) to developer as 1st payment (can also use SGD cheque) within 1 month of signing. This is the S&P Agreement.
3. RM11000 for the State Authority Consent (applicable only for foreigners; RM10500 levy + RM500 associated lawyer fees)
4. RM6+K for MLTA to insurance company (if applicable, some banks dont require)
5. RM1000 (RM500 set up fee + RM500 initial deposit) to open savings account at the Malaysian bank for depositing housing loan installments after your loan has been approved.

That's roughly it. Why would u want to default on the remaining 20%? Buying a property is a big item business, u need to ensure u do the sums before u commit, and as advocated by most of the bros here spend within ur means. In any case, any good lawyer would have advised u accordingly before u sign on the S&P agreement.

Please advise if I hv missed anything out, everyone. Hope this answers some of ur questions an good luck with ur purchase D/A. : )

 

[lastresort]

I agree these are investors of different level and mindsets.. My purchase in JB is more on living, possession and investment return is only secondary..



Heard Sand is building Casino..again?

I think the next sands in SEA is in vietnam. Myanmar probably a long way more to go.

as for Iskandar, I hope if Legoland is successful, more theme parks/international destination resorts operator will come. If Educity successful, I hope Havard/similar grade will set up a branch here. I hope more SG companies set up businesses there. maybe more intergrated developments and industrial parks.

 

[maxpark]

great, see you around! =)

yup, especially if you golf too.
Cheers!

 

[maxpark]

I think the next sands in SEA is in vietnam. Myanmar probably a long way more to go.

as for Iskandar, I hope if Legoland is successful, more theme parks/international destination resorts operator will come. If Educity successful, I hope Havard/similar grade will set up a branch here. I hope more SG companies set up businesses there. maybe more intergrated developments and industrial parks.

I'm hoping Beida or Tsinghua will be invited someday too.
Tokyo or Waseda are fine as well.
Give the place a bit of oriental "balance"...

 

[mathstub]

Happy Birthday, Sis. So happy for you that you have a wonderful present for yourself that you like!

28/12 , Today I am 1 yr older Liao, am so glad that I bought a house in jb as a present to myself.
As I was sitting at mac this afternoon, am feeling very gd n observed e ppl around me. I never feel so eased before , no need worry my iPad or valuables will be snatched etc. If I am in sentosa , I won't dare to walk around or use my iPad openly.

 

[mathstub]

We should have more of this type of guards in different developments or malls. It seems these types of guards should be very effective. I have not seen him/her in person. Wonder whether he/she is from Thailand. I remember one time when I visited Thailand, I saw a lot of gentlemen/ladies who looked similar to what you have described except they did not have with them the "tools".

Its true, i observed her for a moment not more than 5 seconds, with my family in tow just after shopping and passing by the jewelry shop. The long and thickness of his "tool" has a momentary impact on me... imagine the 6 ball pallets fired point blank directly into your abdoman, for a moment i felt sicken by the thought. We watch on hollywood movie not so scarry but when you come face to face so close to the weapon...the feeling is different. Definitely, her presence sends a chill down the spine of would-be robbers making them think thrice

 

[mathstub]

Nowadays, some "ladies" guards seem to look tougher than the male guards. I don't recall to see in HH any aunties of the calibre you guys mentioned. I think HH deserves the presence of some tough aunties.

Hey, less the "wet" leh haha ... Then u get her to your precinct first, and introduce to me later. Indian aunties no good. Have u seen the size of that aunty at precinct 8! I won't elevator further. She is also a "heavyweight" champion and I'm sure she can box out some intruders! U say I say one ....

 

[mathstub]

Actually I considered Leisure Farm first when I first decided to buy a property in Johor but in the end, I gave up because I was worried about the small dark road leading to LF during the night. But Bro Euphony here mentioned some time ago (recently) that there would be a direct road from the highway to the Leisure farm (very soon). Bro Euphony and any other Bros can confirm whether the new road will be available soon?

I love leisure farm.
Maintenance is comparable to any other Tamans.. Some people worry about the small road leading to the area.. But I am sure they will open a more direct road to the highway in near future..
I love Malaysia especially Johor and their food. Johor properties price is stagant for decades until recent years after the govt foreigner min 500k policy and recent development in Nusajaya. I travelled average 60% monthly for the last 15 years and been to many places.. Nusajaya is really nice.. We dont to have to look too far like Australia, new Zealand, Canada etc..we already have a world class city in Singapore. Nusajaya provide us a place to getaway, breathe, retire and it is only 45min from orchard road during non peak and culturally we are similar.. why pay more in Singapore, for the interest of who?

 

[mathstub]

Any Bros and Sis have got any info regarding private tutor who can teach driving in JB and how much the tutor charges?

Regarding buying MY car, anyone has got an experience in obtaining the auto loan from a MY bank and what the loan rate is?

Thanks!

 

[IskandarRocks]

I've decided to pull out of my JB property hunt as I feel it is being priced at premium.
- Nusajaya location isn't yet mature and the land is 3x of singapore.
- The rental market is poor and with the flood of Singaporean money into Nusajaya or surrounding, this create the surge in supply. This will give further poor rental yield.
- I was talking to developer and for the property around RM700k + RM100k reno + fitting = her monthly estimated rental is only RM2k to max RM2.5k.
If I buy this Nusajaya property it only means I'm subsidizing others to stay.
- Whenever only foreigners are buying. The property is deemed to be premium. Look at who are buying in Nusajaya? 90% foreigners.
- With equal price/psf I can get a better appartment at the heart of KL, the capital.

Just compare this Orion condo in KL with Impiana East Ledang:
http://www.iproperty.com.my/propertylisting/821509/City_Centre_Condominium_ForSale
- Impiana has inferior appartment status while Orion is a condo status.
- psf price wise is the same but I believe Orion has better interior fitting as it has condo status.
- Orion at the heart of KL city. Impiana at the heart of ledang city still surrounded by woods.

Similarly you still can find landed in KL with the price of Horizon Hills. why would I buy unproven location?

Hi Bro sggecko:

I respect your decision. However, let me provide some clarifications and commments:

- I think you are confusing Nusajaya with overall Iskandar. Nusajaya is just one of the five flagship zones within Iskandar, and arguably the most matured. I would say Nusajaya is around 1/8 the size of Singapore. Nusajaya is the home of most of the confirmed developments, such as Educity, Medini, EL, HH, Pinewood, Marlboro College, Puteri Harbour, JSNAC Kota Iskandar, etc. It is located strategically between the two links and most accessible from Singapore. To me, land here is very limited as most of it is already master planned. Infrastructure, from what I can see, is outstanding.

- Before you jump into conclusions based on what ONE developer of ONE property tells you about rental yields, I would suggest you do an internet search for developments such as East Ledang or Horizon Hills. You will hardly find any availability. Even if you do, the going prices are exhorbitant. Remember - people are buying for investment, retirement, own stay, weekend stay - this does not necessarily mean that every single home will be available for rent. Rental yield will depend on exact location, accessability, security, infrastructure, availability, etc and will never be the same for every single development. True, there is a potential for healthy supply in Nusajaya, but there is a potential for healthy demand as well, once the planned 'catalytic' developments get completed.

- Getting an apartment for same/similar psf in KL does not necessarily make it a better choice. As many of the bros rightfullty pointed out, your choice depends on your requirement and some of us are committed to Nusajaya because given its proximity to Singapore the price is still very attractive. This is one place where we can live and still be attached to Singapore.

- Some folks have already pointed out that the 90% figure you have for foreigners is a bit over the top. Also, there is a difference, these foreigners are not 'remote control' investors from PRC or India or Corporations who will start dumping the properties once the economy goes south. But, these foreigners are mostly Singaporeans, and a good chunk have purchased for own stay, retirement or weekend stay, besides investment. These folks are proudly committed and are in for the long haul.

- Developments within KL has its own pros and cons. Before you take a plunge just based on the price, I suggest you do some research as to why the price is so attractive. And you dont have to do much beyond going to our old friend google.com. Here is what I came up with regarding the Orion condo:

http://www.propwall.my/jalan_tun_razak/the_orion

Just scroll down to the 'Analysis' section and you will know why this is so cheap, given prices in some prime KLCC developments are hitting RM 3,000 psf. You get what you pay for.

Anyway, wish you all the best.

 

[jasonjst]

Bro IskandarRock, fully agree with what you have said . Nusajaya buyers are mostly in for a long haul. I even come across Singaporean hawkers , ordinary folks buying for own stay. These people couldnt be bother about rental yield , they simply leave it empty until the day they need it for retirement. Like most of us, they probably thinking that Nusajaya is the only place that they can visit friends / families in Singapore as often as they want in their retirement days.

 

[tansi]

within 15 months after moving in.

Brother, you are familiar with leisure Farm? I read somewhere sometime back ago that LF owners took many years to obtain their land/strata title...? But i didn't follow the story. LF was always on my mind course firstly its nearer to 2nd link and another reason i am thinking of introducing a couple friend to purchase there and build their house, the brother is an architect. Will pay a visit if got opportunity.

cheers

 

[tansi]

sorry typo, within 24 months.

within 15 months after moving in.