Chitchat Johor Property Market Collapsed Thanks To Covid! Property Investors Can't Offload Can't Rent Out! Fucking Losers!

[LordElrond]

I used to bring my family to JB for cheap weekend shopping. We stick to the more touristy parts of JB, where violent crime is less likely to happen.

Robbery happen mostly at the most touristy part. Of course John will happily surrender his missus to the robbers.

 

[eatshitndie]

I used to bring my family to JB for cheap weekend shopping. We stick to the more touristy parts of JB, where violent crime is less likely to happen.

good for you. luckily you wore a “relax” watch instead of a gold rolex.

 

[JohnTan]

Robbery happen mostly at the most touristy part. Of course John will happily surrender his missus to the robbers.

The touristy parts have the most police and are crowded. Robbers tend to stay away and operate at the fringes of the touristy part. My family have always been safe from jiuhu robbers while having a great time in JB. My wife says JB spas are really good.

 

[Hypocrite-The]

Good that madhatter fucked the ChiCon real estate developer...is the Johor Royal familee dulan?





The secret behind the No.1 Chinese company in real estate sales Crisis Behind the Top-Selling Real Estate Company Country Garden is a Fortune 500 property development company based in Guangdong, China. According to the latest "Top 200 Chinese Real Estate Companies’ Sales Results from January to September 2021" released by China Index Academy, Country Garden's sales exceeded 93 million USD, ranking first in the sales of real estate enterprises in the same period, continuing their consecutive years of leading sales performance. As a Top 3 private real estate enterprise, what secrets are hidden behind the impressive sales performance? We are going to talk about this topic today. Recently, news of a Country Garden internal high-level meeting has been circulating, and five main points were discussed: 1. Country Garden vowed to keep the annual sales target of 800 billion RMB, and a monthly target of 80 billion per month will launch in October. If the year-end target is not completed, Dr. Cheng Guangyu, who is in charge of marketing work, will resign. 2. There will be one and only one target after October, which is the sales target. 3. 4. 5. This pledge of responsibility can be said to be the toughest sales target in the history of Country Garden. Behind this strict sales, system is a more ruthless hiring system, which has also given rise to the high turnover rate. The social networking sites in China are constantly full of people complaining about the company’s work environment and hours. This management structure makes its corporate culture emphasize team culture. Under this culture, the concept of "overtime" and "work" is indistinguishable at all company levels. The work pattern is basically 007, in other words, from 0:00 to 0:00, 7 days a week, people are constantly ready to work. And in the eyes of some leaders, it is a sin to leave work on time or rest normally if the work is not done properly, which in a sense is a kind of moral kidnapping. Country Garden has a unique business model. This business model is accompanied by a high turnover of capital. While acquiring land, the building design is basically completed, construction can start within 3 months, and the property is opened for sale in 4 months, with the fastest one being a record of 35 days; In 5 months, cash flow is positive, and in 6 months this money can be reinvested in new projects. Country Garden's positioning is very similar to Evergrande's in that both are working in small and medium-sized cities in the third and fourth tier. With the fall of Evergrande, there will certainly be a major impact on the real estate market. Behind Country Garden's high turnaround rate, there are also numerous construction safety and quality problems. In order to speed up the progress, various building collapses have occurred repeatedly. Public reports show that in just four months of 2018, four safety accidents occurred in a row in Country Garden-built properties. 　 On April 7, 2018, a collapse occurred at a construction site in Chongzuo, Guangxi province, in the second phase of the project, resulting in 1 death and 1 injury. On June 24, a fatal mold frame collapse occurred in a project in Shanghai during the concrete pouring of the 6th-floor ceiling, resulting in 1 death, 2 serious injuries, and 7 minor injuries. On July 26, a fence wall and a movable slab collapsed in a project in Liu'an, Anhui Province, due to heavy rainfall and strong wind, resulting in 6 deaths, 1 critical injury, and 2 serious injuries. On August 1, the roof of an under-construction building under the management of Country Garden in Qidong, Jiangsu Province caught fire. At the same time, in order to obtain greater profits, Country Garden constantly compresses the cost of building houses and reduces the quality of materials. When it comes to Country Garden, people in Malaysia may be more familiar with it. This brings us to Country Garden's other famous financial trap, the Malaysian reclamation project - Forest City. This project also opened up a black hole for Country Garden's funding in Malaysia for many years.

 

[syed putra]

70,000 unsold, unoccupied or abandoned houses in JB​

Bernama
-
October 17, 2021 10:30 PM
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The Johor state government says it is looking to solve the problem of vacant houses in Johor Bahru.
JOHOR BAHRU: More than 70,000 houses in Johor Bahru are vacant, for being unsold, unoccupied or abandoned, says menteri besar Hasni Mohammad.
He said among the factors contributing to the problem were new policies on home ownership and new conditions set in the Malaysia My Second Home (MM2H) programme for foreigners on long-term residential visas.

He said the state government was working with real estate companies on introducing a housing rent programme for the younger generation.
“We will discuss and cooperate with real estate agents who have the record of completed and unsold houses, the types of units and appropriate rent,” he said.














He said the problem of the vacant houses must be resolved for Johor Bahru to become a dynamic city.
Hasni said the state’s 2022 budget would be tabled on Nov 25 and would focus on the B40 (lower income) and M40 (middle income) groups as well as young people who had difficulty in finding jobs.
He said an expansionary approach needed to be adopted to rehabilitate economic sectors severely affected by the Covid-19 pandemic.
The budget would also seek ways to help those doing online businesses at home, he added.

“Many are interested in starting an online business to supplement their income in the wake of the Covid-19 pandemic. The economy has not fully recovered so the government needs to help,” he said.

 

[JohnTan]

He said the state government was working with real estate companies on introducing a housing rent programme for the younger generation.
“We will discuss and cooperate with real estate agents who have the record of completed and unsold houses, the types of units and appropriate rent,” he said.

The jiuhu younger generation cannot afford to buy jiuhu landed property in recent years. All the occupied homes you see were bought by their grandparents or parents decades ago.

Jiuhukias can only afford to buy johor property if they work in Singapore and earn 3 to 5 times what they would earn for the same job back in johor.

 

[Hypocrite-The]

The jiuhu younger generation cannot afford to buy jiuhu landed property in recent years. All the occupied homes you see were bought by their grandparents or parents decades ago.

Jiuhukias can only afford to buy johor property if they work in Singapore and earn 3 to 5 times what they would earn for the same job back in johor.

That is why owning a HDB in singkieland is better than a landed in JB,,,and remember what dead fart said about JB.,..it is "notorious for shootings, muggings and carjackings"

 

[tanwahtiu]

At least no PMET jobs stolen by India ahnehs in JB....

This has proven that PAP is a scammer, notorious bastard CAQ Loong brought in fake degree ah nehs to steal jobs and be Foreign Tenants...

 

[syed putra]

At least no PMET jobs stolen by India ahnehs in JB....

This has proven that PAP is a scammer, notorious bastard CAQ Loong brought in fake degree ah nehs to steal jobs and be Foreign Tenants...

In jb, they got billion dollar swindlers like jho low. Ceca no match.

 

[syed putra]

The jiuhu younger generation cannot afford to buy jiuhu landed property in recent years. All the occupied homes you see were bought by their grandparents or parents decades ago.

Jiuhukias can only afford to buy johor property if they work in Singapore and earn 3 to 5 times what they would earn for the same job back in johor.

I cAn Get JB property back on track. By simply do what badawi did.

 

[syed putra]

That is why owning a HDB in singkieland is better than a landed in JB,,,and remember what dead fart said about JB.,..it is "notorious for shootings, muggings and carjackings"

Price of homes in jB cannot appreciate as they have plenty of land. And lots of development.plenty of choice.

 

[Hypocrite-The]

Price of homes in jB cannot appreciate as they have plenty of land. And lots of development.plenty of choice.

So buy for wat?

 

[JohnTan]

That is why owning a HDB in singkieland is better than a landed in JB,,,and remember what dead fart said about JB.,..it is "notorious for shootings, muggings and carjackings"

Ah Gong was right about JB. It is a town notorious for shootings, muggings and car jackings. What do you expect when their local police is racist, hires mostly m&ds and is notorious for extorting Singapore tourists for bribes?

 

[enjoylife77]

Why buy when you can rent without the associated cost of ownership and risk of government's hostile change of policies towards foreigner?

One should ask this question before the pandemic and also after WHO declared Covid-19 over.

 

[eatshitndie]

Why buy when you can rent without the associated cost of ownership and risk of government's hostile change of policies towards foreigner?

One should ask this question before the pandemic and also after WHO declared Covid-19 over.

feel so sorry for the sinkie lemmings who wasted their life savings on properties in johor after they were spurred on by fellow (greedy and cheap) sinkies who rushed in with a frenzy without much thought for how jiuhu’s fragile democrazy could change policies on a dime, oops sen. remember the craze, greed, and frenzy on the jb folder during its peak? that was over 6.9 years ago. it’s now as dead as a door nail.

 

[syed putra]

So buy for wat?

You don't buy if you do not want to live there,

 

[syed putra]

Why buy when you can rent without the associated cost of ownership and risk of government's hostile change of policies towards foreigner?

One should ask this question before the pandemic and also after WHO declared Covid-19 over.

The gomen has lied about malay population ratio for ages,. They lump sll muslims as malays therefore quoting a mslay majority if 60%.
Malays according to two websites has a very slim majority of just over 50%. Hence the malay authorities hostilities to any Asian foreigners and their policies encouraging chinese to leave.
The malay gomen see sinkies and china chinese as security threats.

 

[LordElrond]

feel so sorry for the sinkie lemmings who wasted their life savings on properties in johor after they were spurred on by fellow (greedy and cheap) sinkies who rushed in with a frenzy without much thought for how jiuhu’s fragile democrazy could change policies on a dime, oops sen. remember the craze, greed, and frenzy on the jb folder during its peak? that was over 6.9 years ago. it’s now as dead as a door nail.

I sold mine 5 years ago and contemplating buying one now. I will invest just to live there and eat wanton noodle

 

[LordElrond]

Just to share some clues on the JB properties: the real shitty ones are the condos. I argued with one guy years ago condo in JB makes absolute no sense and it doesn’t take a genius to understand that. For good landed properties at the “prime” JB locations, the price is at that kind of rock bottom that it can’t go any lower, it is true - it can’t go lower because even I am considering jumping in at this juncture. Do not be fooled by the advertisements - you can offer any price. There are owners who will let go just to get out of the shit.

 

[syed putra]

I sold mine 5 years ago and contemplating buying one now. I will invest just to live there and eat wanton noodle

If its available, you should be on the look out for nasi dagang and nasi kerabu. Its a sensation. Mostly from north east/southern thailand but its coming down to the south slowly but surely.