Early retirement in JB

[gooddebt]

Given nearly the same location, landed is far superior to condo in Malaysia. This is the local culture and has been verified in numerous forum surveys and market reports I have seen over the last 2-3 years.

The problem is that in superior locations , the land is very expensive and developers will build only condos.

 

[FHBH12]

The problem is that in superior locations , the land is very expensive and developers will build only condos.

Which is why potential buyers have to enter now when the costs are still low.

 

[gooddebt]

Which is why potential buyers have to enter now when the costs are still low.

But certain locations are so prime that there is cheap no landed ppties , eg Puteri Harbor.

 

[FHBH12]

But certain locations are so prime that there is cheap no landed ppties , eg Puteri Harbor.

Nearby will have very soon - Sunway and Avira.

 

[gooddebt]

Nearby will have very soon - Sunway and Avira.

These are without sea or marina view. Different.

 

[Gardener]

Nice one.

Hehe

MM = Mei Mei aka as SYT

 

[FHBH12]

These are without sea or marina view. Different.

Actually in 2 or 3 storey landed there is not much view to speak of, unless you live on top of a hill.

 

[gooddebt]

Actually in 2 or 3 storey landed there is not much view to speak of, unless you live on top of a hill.

That's why seafront ppties are usually highrise. So very difficult to buy landed.

 

[kulgai]

We had recently put our Sg terrace up for sale to test the market but also seriously toying with the idea of early retirement in JB. Just had a viewing by a couple in their late 50s to 60s just now and they seem to like my place and are considering now. Now thinking if I should have asked for higher than 2 million which was my valuation 6 months ago and what to do if they really want to buy as I am still awaiting my state consent!

IMHO, you should rent out your terrace instead for following reasons:
1. landed property (in fact all properties lah) will appreciate over time
2. rental income from your property acts as a hedge against inflation. rental goes up in line with inflation
3. due to land scarcity in sg, properties here will always do better than MY in the long run
You should rent in MY instead as there are many cheap rentals available (spoilt for choice)
Assuming yr landed rental income is $4,000 a month. That works out to be about RM10,000. In turn, you pay just RM2,000 for a MY property. The balance RM8,000 should get you by.

 

[malpaso]

Landed may not be worth a lot more than apartments in a place flush with land. A good example is Australia. Another one is KL and Penang.

landed is worth more than high rise in both KL and Penang. (australia, dunno).

 

[RedsYNWA]

landed is worth more than high rise in both KL and Penang. (australia, dunno).

Actually it is the same everywhere (SG, Australia etc), given the similar location. JB is a notable exception for the time being.

 

[freedom]

IMHO, you should rent out your terrace instead for following reasons:
1. landed property (in fact all properties lah) will appreciate over time
2. rental income from your property acts as a hedge against inflation. rental goes up in line with inflation
3. due to land scarcity in sg, properties here will always do better than MY in the long run
You should rent in MY instead as there are many cheap rentals available (spoilt for choice)
Assuming yr landed rental income is $4,000 a month. That works out to be about RM10,000. In turn, you pay just RM2,000 for a MY property. The balance RM8,000 should get you by.

Called my lawyer's office today and was told that someone at the Land office says verbally that we should be able to get our state consent! Very happy to hear that but to be sure, better wait for formal signing which should be by next week...

My MM in Sg also approaching TOP soon.

My terrace which we put up for sale to test market received 3 offers of 1.8 mil each which fall short of our asking of 2 mil so prob will not sell for now....

Hubby and I both starting in new jobs soon too. Hope to pay off our mortgage as much as possible and now waiting eagerly for news of RTS...

 

[Twinnigal]

How feasible is it to depend totally on rental income from 2 Johor properties, assuming 1 condo and 1 landed, without getting any salary every month? I guess my question is whether it is relatively easy to rent out our properties in Johor and whether we can easily achieve near 100 percent occupancy rate for resi properties?

What are your experiences so far? Do share!

 

[FHBH12]

How feasible is it to depend totally on rental income from 2 Johor properties, assuming 1 condo and 1 landed, without getting any salary every month? I guess my question is whether it is relatively easy to rent out our properties in Johor and whether we can easily achieve near 100 percent occupancy rate for resi properties?

What are your experiences so far? Do share!

You might get negative cash flow for recently purchased properties, if you ever get to rent out.

 

[freedom]

How feasible is it to depend totally on rental income from 2 Johor properties, assuming 1 condo and 1 landed, without getting any salary every month? I guess my question is whether it is relatively easy to rent out our properties in Johor and whether we can easily achieve near 100 percent occupancy rate for resi properties?

What are your experiences so far? Do share!

The semi d I bought in Austin Heights has been rented out to a Korean family for about RM4500 or so....agent says should be able to rent out for RM5000 now. Says tenants often work in Pasir Gudang....though she seems confident of getting a tenant , I am not after hearing many say that it is difficult to rent out properties in JB.

 

[malpaso]

The semi d I bought in Austin Heights has been rented out to a Korean family for about RM4500 or so....agent says should be able to rent out for RM5000 now. Says tenants often work in Pasir Gudang....though she seems confident of getting a tenant , I am not after hearing many say that it is difficult to rent out properties in JB.

it uis diffifcult to rent out in m'sia for long term. the "hot rental spots" move around. as your property ages, rental drops too. singapore rental market is still the most sustainable.

 

[freedom]

it uis diffifcult to rent out in m'sia for long term. the "hot rental spots" move around. as your property ages, rental drops too. singapore rental market is still the most sustainable.

Yeah, especially with the upcoming 6.9mil which should ensure a healthy rental market to sustain my retirement in a less crowded place...I wonder how many r buying overseas due to overpopulation push factor...

 

[kulgai]

How feasible is it to depend totally on rental income from 2 Johor properties, assuming 1 condo and 1 landed, without getting any salary every month? I guess my question is whether it is relatively easy to rent out our properties in Johor and whether we can easily achieve near 100 percent occupancy rate for resi properties?

What are your experiences so far? Do share!

Personally I prefer to invest in Sg property as it is relatively easy to rent out compared to JB. If you dun mind to stay in JB, you will be spoilt for choices if you intend to rent.

 

[malpaso]

Personally I prefer to invest in Sg property as it is relatively easy to rent out compared to JB. If you dun mind to stay in JB, you will be spoilt for choices if you intend to rent.

ABSD is the big spoiler for me. with the TDSR framework, up front capital is high too.

 

[KOHJE]

Personally I prefer to invest in Sg property as it is relatively easy to rent out compared to JB. If you dun mind to stay in JB, you will be spoilt for choices if you intend to rent.

I have try to rent out my mix development condo at West for past 9 months without any offer. Very close to MRT and below my condo are shops like NTUC , Old Town White Coffee , Toast Box , POSB , Guardian , Watson , etc.....