Iskandar -- Now is the time to invest in or it's overhyped?

[cheerguan]

If there is any financial instrument that allows me to bet on iskandar property rotting away after 10 yrs, I will buy. Like short selling!

If there's a financial instrument on iskander property prices 5yrs ago, you probably have been averaging your shorts with numerous margin calls from day 1. Don't think you can tahan those losses till now. So don't talk so big la!

 

[hockbeng]

if there's a financial instrument on iskander property prices 5yrs ago, you probably have been averaging your shorts with numerous margin calls from day 1. Don't think you can tahan those losses till now. So don't talk so big la!

read my post properly you twit! I didnt mention anything about price! I am willing to bet the place will rot after 10-15 yrs, and not about prices as i know many suckers will drive up the prices in the short run. It was hypothetical.

 

[cheerguan]

read my post properly you twit! I didnt mention anything about price! I am willing to bet the place will rot after 10-15 yrs, and not about prices as i know many suckers will drive up the prices in the short run. It was hypothetical.

Short sell not based on price then based on what? So aren't you're saying price will continue to go up for the next 15yrs until it rots then? Wow! It's already HUGE profits by then for those vested now and earlier! Thank you very much!

 

[freekazoid]

If there's a financial instrument on iskander property prices 5yrs ago, you probably have been averaging your shorts with numerous margin calls from day 1. Don't think you can tahan those losses till now. So don't talk so big la!

Must say...awesome response...

 

[wolverine23]

Solid reply. And of course, logical.

But again, probably what Hockbeng meant is a 10-year binary option. ie. "rot-away" price on 10th year anniversary.

Question is how to price it? And how much is Hockbeng willing to bet? I am sure we can structure something if both sides can match...

If there's a financial instrument on iskander property prices 5yrs ago, you probably have been averaging your shorts with numerous margin calls from day 1. Don't think you can tahan those losses till now. So don't talk so big la!

 

[cheerguan]

Thanks guys.
Actually don't really know what his agenda is for putting MY down esp iskander. We all know about the past bad history on investing there. But things can seriously change for the better when relationship between the 2 countries improves and also with the different mindset of the younger, higher educated locals there now as compared to the previous generation.

Anyway, at such an affordable price esp for those bought about 2 years ago, if buying for retirement, what can really go wrong? Just try not to have too high expectation and hopefully don't become like Indon in '97 or '98 can already.

 

[wolverine23]

Seriously, can consider to be a counterparty on this.

eg. Hockbeng place a 10-year bet that 10 years later, the price of property in Iskandar drop below current level.

If amount is significant enough, it can always be viable and legally structured

Thanks guys.
Actually don't really know what his agenda is for putting MY down esp iskander. We all know about the past bad history on investing there. But things can seriously change for the better when relationship between the 2 countries improves and also with the different mindset of the younger, higher educated locals there now as compared to the previous generation.

Anyway, at such an affordable price esp for those bought about 2 years ago, if buying for retirement, what can really go wrong? Just try not to have too high expectation and hopefully don't become like Indon in '97 or '98 can already.

 

[cheerguan]

Seriously, can consider to be a counterparty on this.

eg. Hockbeng place a 10-year bet that 10 years later, the price of property in Iskandar drop below current level.

If amount is significant enough, it can always be viable and legally structured

Aiyah! Forum talk is always cheap la! No need so serious rite? Just rebut can already. Also 10 yrs is too looong a time to be held accountable you know?

 

[alnine]

Malaysia does not have a good record with maintenance. However they have improved and things are progressing.
North south highway is like 20 yrs old and well kept in my opinion.
Security is bad but the police recent operation seem to have helped.
Looking forward to the gov doing more for the longer term security.

 

[rainbow]

I look at it this way. You may not want to just look at the affordability of the properties to the local Johoreans! Iskandar is a different place than say Penang or Ipoh, where that assessment is more applicable. It is next to Singapore which makes it a totally different ballgame. There are reportedly about 1/2 million Malaysians working in Singapore, and more Singaporeans and expatriates in Singapore are also now more prepared to stay in JB and travel to Singapore to work daily. There are already in fact many who are doing just that. This is a large pool of people for potential property market there, not to talk about people from China, Japan and other countries who have also started to purchase properties in Iskandar.

What it means is make sure your properties purchased are high-end and at choice locations which are attractive to this group of people for both sale and rental in near future. You cannot depend on local residents. Most of them can't afford these properties. But JB is just next to a global city currently with 5.3 million residents, many of whom can easily afford to buy or rent these properties with Ringgit so low. It is also on the radar screen of international investors because of its proximity to Singapore. Besides there are already also expatriates in the Pasir Gudang industrial area paying good rentals for good properties. The commercial and educational and medical facilities planned for Nusajaya side hopefully will also attract more expatriates for the rental market in future. The picture is thus not that unfavourable even for rental market, provided of course your properties are attractive and at good locations. Of course, if and when the MRT really connects to JB (?), the picture should be even rosier.

 

[1nottiboy]

HSR technology is very advanced now. very quiet. I have taken the HSR in Tokyo, Taipei, China, and Italy. No fighter jet sounds.

Some ppl will hate it I am sure. But most ppl will love it.

HSR, if really built, will be a game changer for KL. KL will be the biggest beneficiary. I am really hoping that the trains are up and running by 2020 cos I would still be able to party without Viagra.

The only time I ever took a high-speed train was the bullet train in Tokyo. I recall for the first trip, I was very startled when it arrived. It sounded really like a fighter jet flying into the station. In China, residents protest if the new HSR line pass through their neighborhood.

So while the HSR is overall positive for JB, it will be a total nightmare for owners with properties in the immediate vicinity of the line (or those stretches where it is above ground). Good luck staying there, trying to rent it out, or even selling it later on. Just my 2 cents.

 

[freekazoid]

High crime and robbery! Why the hell would anyone want to stay there if they had a choice?

Afraid that many don't have a choice...bravely go to the new and only frontier. Many reasons too...said before...storage space...suv can never have in sg...firework on new year...just today i thought of getting an island kitchen can nvr have in sg haha

 

[rainbow]

In fact, I would even go to the extent of saying the high-end property market in Iskandar will be more dependent on the economic conditions of Singapore than those of Malaysia. For the property market there to stay healthy. you have to hope that the Singapore economy stays healthy, unless the mix of purchasers changes than what it is today!

So if you believe Singapore's economy is going to grow favourably in the future, investing in Iskandar would generally yield you profits. For all intents and purposes, Iskandar is now an extension of Singapore economically, particularly in the real estate sector.

 

[freekazoid]

For all those who claim prices have risen from so many years back, it is the same for most countries around the world, even new zealand.
Central banks around the world have expanded money so much that almost everything has increased in price: oil; gold; silver; wheat etc.....

Exactly...recent world central bank are not shy of money printing to save job, co, econ....it's such a great remedy. Sometimes makes me wonder will the 10 years or so econ downturn get distorted and averted say 20-30 years....and during this time....inflation kept shooting up 20-30 years. With that in mind...buy a strategic location property is a great idea...where is more strategic than next door to Sg....so gonna get that island kitchen!!!

 

[alnine]

At the end of the day go in with eyes open. The nay sayers have their points and so does the positive folks.
For Singaporeans it is after all a foreign land with similar yet different conditions to Singapore. To SPR enjoy the benefits of both.

 

[shctaw]

Irrational buying will eventually subside. Reality will surface. When that day come; we will know who are swimming naked all this while.

What will happen in future is all estimation and prediction. It is not carved on stone type of fact.

Time will reveal who is right and who is wrong.

I understand people who invested will want Iskandar to succeed; while other whom heard about past Malaysia's property bad incidents will surely think otherwise.

Just sit back, relax and enjoy the roller coaster ride. If Iskandar succeed; congratulation to all wom are vested. And if Iskandar failed; just take it as another lesson in life.

Sometime the best lesson to learn is failure.

Disclaimer: I am vested; but I am cautiously optimistic. Over leverage may be the reason one fail in property investment anywhere in the world.

 

[Funniman]

Totally agreed.
Rules of hoping to flip is very risky. If Iskandar has limited land, go ahead and try your luck.
But in places where you see developers launching almost every week, then be careful as 4 years down the road, you will have TOP ceremonies almost every week. Buy only when you have staying power or for own use. Sell only when you are comfortable and not being forced to sell.

Irrational buying will eventually subside. Reality will surface. When that day come; we will know who are swimming naked all this while.

What will happen in future is all estimation and prediction. It is not carved on stone type of fact.

Time will reveal who is right and who is wrong.

I understand people who invested will want Iskandar to succeed; while other whom heard about past Malaysia's property bad incidents will surely think otherwise.

Just sit back, relax and enjoy the roller coaster ride. If Iskandar succeed; congratulation to all wom are vested. And if Iskandar failed; just take it as another lesson in life.

Sometime the best lesson to learn is failure.

Disclaimer: I am vested; but I am cautiously optimistic. Over leverage may be the reason one fail in property investment anywhere in the world.

 

[freedom]

At the end of the day go in with eyes open. The nay sayers have their points and so does the positive folks.
For Singaporeans it is after all a foreign land with similar yet different conditions to Singapore. To SPR enjoy the benefits of both.

Actually, if the security can be improved and the RTS comes about, it is a good time to buy now if have cash even for yr children in future as a landed freehold is out of reach for them in singapore and with rts, they do not even need a singapore car which will only get more ridiculously expensive with pipulation growth.

just as pple are buying condos for their children, i know some r also considering buying landed here before the price rise furthur, for their children.

but,as it is afterall a foreign land, we should still keep a singapore house for rental and any unforeseen emergency.

singapore is a good place to work for now at least but not really a good place to retire with its high cost of living and overcrowdedness, so more will buy retirement homes here.

 

[freekazoid]

Isn't buy a house is about getting good location, good community, good security, good access road bla bla...point is central focus is on the house or estate. And this estate with all the good points...in good time, decent demand and appreciation will come.

Seem like that is not the case....buy a house for a decent demand and appreciation to happen....these are the pre-requisites;
Iskandar must succeed (whatever definition of that is)
Land must be limited
Country leader must change
Plan for RTS...
Must able to attract rich expats

Sounds like it has to be Singapore before anything decently good will come...or you will swim naked in open sea with shark

Wow....alot of pressure for buying one (1) single friggin house.

 

[DCputeri]

I am still far from the official retirement but after reading the article in Sunday Times yesterday, it makes one wonder stress follows Sinjgaporean even after retirement. Downsize and downgrade are the keywords for retirees. I am not surprised that there will be more moving to iskandar for those retiring in next 5-10 years, if iskandar succeeds in its plan.