xebay11 may sound harsh (or maybe some think arrogant) at times but he speaks to the point. I prefer those who don't beat about the bush but state the facts and truths. You can always throw out the offensive part but retain the useful points.
I've noticed many here are saying "If Iskandar prospers, takes off, is successful...next time,...." Notice the word "If". This is in itself a speculation. You are buying based on what you think. Then you are no different from a kid or the uneducated coffeeshop uncles who looks at their 4D slips. It could just go the other way round, right? If Iskandar fails....
Now by "fail", I don't mean the whole place collapses or is left uninhabited. Since most here are property investors or own stay buyers of Iskandar, by "fail", I mean your property value takes a very long time to appreciate. Even if it can, you have to consider the other risks -- unstable Malaysian politics that will catch you offguard (remember, most of you are Singaporeans, ie FOREIGNERS, the first one to be disadvantaged when sudden policies are drafted out will be you), inflation, generally weak Malaysian ringgit, lack of proper planning, etc.
If say it takes you 15-20 years to have a 15% appreciation on your property value (lucky enough in the oversupply climate), but the currency is 20% weaker than before, you are screwed. You hold the property for so long but you still lose money. And with oversupply, who's going to buy from you? Already, those who bought their homes only a few years ago, they are suffering immediate 20% loss on their JB properties within just 2 years.
This is the other risk you have to take note:
http://www.straitstimes.com/singapore/causeway-sees-long-queues-for-commuters-on-foot
I was wondering what has been causing the jam. Some wrongly accused the Singapore custom of making it tough for Singaporeans to cross over to JB in order not for our economy to be affected. What load of rubbish! It's because of stepped up security after the Paris terrorist attack.
Will this tight security happen next time? Sure, why not? Good luck to those who bought your properties there thinking of crossing the border every day. Some think it is "better life" to buy a big landed property in JB for relative little money and work in Singapore. What you gain in space, you lose in terms of precious time spent with your loved ones, you become more tired with less sleep each day, and of course, there is the safety issue. How is this a better quality of life?
Iskandar is poorly planned as far as residential properties are concerned because they are not developing the place first before the residential home buyers come in. There is a saying: "Do not put the cart before the horse". This is what Iskandar is. The whole place is generally ulu still. I don't see it "taking off" any time soon.
If anyone reasons out, well surely 20 years time it will! I say, that's too long a time to project. Anything can happen. It's high risk basically to project your hopes that far.
I've noticed many here are saying "If Iskandar prospers, takes off, is successful...next time,...." Notice the word "If". This is in itself a speculation. You are buying based on what you think. Then you are no different from a kid or the uneducated coffeeshop uncles who looks at their 4D slips. It could just go the other way round, right? If Iskandar fails....
Now by "fail", I don't mean the whole place collapses or is left uninhabited. Since most here are property investors or own stay buyers of Iskandar, by "fail", I mean your property value takes a very long time to appreciate. Even if it can, you have to consider the other risks -- unstable Malaysian politics that will catch you offguard (remember, most of you are Singaporeans, ie FOREIGNERS, the first one to be disadvantaged when sudden policies are drafted out will be you), inflation, generally weak Malaysian ringgit, lack of proper planning, etc.
If say it takes you 15-20 years to have a 15% appreciation on your property value (lucky enough in the oversupply climate), but the currency is 20% weaker than before, you are screwed. You hold the property for so long but you still lose money. And with oversupply, who's going to buy from you? Already, those who bought their homes only a few years ago, they are suffering immediate 20% loss on their JB properties within just 2 years.
This is the other risk you have to take note:
http://www.straitstimes.com/singapore/causeway-sees-long-queues-for-commuters-on-foot
I was wondering what has been causing the jam. Some wrongly accused the Singapore custom of making it tough for Singaporeans to cross over to JB in order not for our economy to be affected. What load of rubbish! It's because of stepped up security after the Paris terrorist attack.
Will this tight security happen next time? Sure, why not? Good luck to those who bought your properties there thinking of crossing the border every day. Some think it is "better life" to buy a big landed property in JB for relative little money and work in Singapore. What you gain in space, you lose in terms of precious time spent with your loved ones, you become more tired with less sleep each day, and of course, there is the safety issue. How is this a better quality of life?
Iskandar is poorly planned as far as residential properties are concerned because they are not developing the place first before the residential home buyers come in. There is a saying: "Do not put the cart before the horse". This is what Iskandar is. The whole place is generally ulu still. I don't see it "taking off" any time soon.
If anyone reasons out, well surely 20 years time it will! I say, that's too long a time to project. Anything can happen. It's high risk basically to project your hopes that far.
