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

[LordElrond]

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.

Thank you for your recommendation but I’m a pork person… kerbau are meant to toil in the fields

 

[syed putra]

Thank you for your recommendation but I’m a pork person… kerbau are meant to toil in the fields

Its kerabu you twit. Its not kerbau.

 

[Asterix]

Wow, Puteri Harbour has gone downhill...

 

[congo9]

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.

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.hy

Wy d

 

[congo9]

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.

I have a curious question about owning and buying residential property in Johor. Fair enough, the only state you can buy property will be Johor, JB and Penang because it tangible.

I have a better solution. If you want to stay long, why not just rent a property and stay there. There are tons of property in Johor waiting to be rented. It costs RM 1k just to rent a shoebox condo and have a roof over your head ( alone staying). Maintenance and repair will fall into the hands of landlord or even building management. After a few years , you can simply move on and get a newer property to stay. Life is good. Don't even need to own a property in foreign land, specially in Johor to be able to relax.

You can actually move around using grab if you can't get a permit to own your own vehicle.

 

[syed putra]

Was that rsaf posturing and warning Malaysian police not to fly their helicopters over sinkie again?

 

[Asterix]

You can actually move around using grab if you can't get a permit to own your own vehicle.

Foreignor need permit to own vehicle in Malaysia meh? I thought anybody can buy and register vehicle in his/her name, just cannot drive long term in Mudland without a local driving license. Anybody able to confirm whether my understanding is right or wrong.

 

[congo9]

Foreignor need permit to own vehicle in Malaysia meh? I thought anybody can buy and register vehicle in his/her name, just cannot drive long term in Mudland without a local driving license. Anybody able to confirm whether my understanding is right or wrong.

You can't own a car unless you got the MM2H . With MM2H , one can buy a house and a car via bank loan.

 

[Asterix]

You can't own a car unless you got the MM2H . With MM2H , one can buy a house and a car via bank loan.

What if pay 100% cash for the car, still can't own car without MM2H?
What about those who got their MM2H under the old rules ie RM10k offshore income per month? Now changed to RM40k per month and applicable to existing MM2H holders as well! So how, they must sell their cars?

 

[syed putra]

What if pay 100% cash for the car, still can't own car without MM2H?
What about those who got their MM2H under the old rules ie RM10k offshore income per month? Now changed to RM40k per month and applicable to existing MM2H holders as well! So how, they must sell their cars?

KL have some silly rules tgey create so that gomen can hire even more unemployable people. On car ownership, i sm not so sure as many foreigners on work permits drive cars in KL

All those who were under previous MM2H are exempted from new rules. If you want, bangkok targets 1 million expats on their second home rules.

 

[Asterix]

KL have some silly rules tgey create so that gomen can hire even more unemployable people. On car ownership, i sm not so sure as many foreigners on work permits drive cars in KL

All those who were under previous MM2H are exempted from new rules. If you want, bangkok targets 1 million expats on their second home rules.

In US, can buy car even if one is a foreigner on a tourist visa...

 

[LordElrond]

I have a curious question about owning and buying residential property in Johor. Fair enough, the only state you can buy property will be Johor, JB and Penang because it tangible.

I have a better solution. If you want to stay long, why not just rent a property and stay there. There are tons of property in Johor waiting to be rented. It costs RM 1k just to rent a shoebox condo and have a roof over your head ( alone staying). Maintenance and repair will fall into the hands of landlord or even building management. After a few years , you can simply move on and get a newer property to stay. Life is good. Don't even need to own a property in foreign land, specially in Johor to be able to relax.

You can actually move around using grab if you can't get a permit to own your own vehicle.

That works as well. I’ve stayed in a decent rented corner terrace for a few years in JB before, at a decent location, RM1k per month

 

[LordElrond]

I’m pretty sure the MY Govt will reverse their stance on MM2H…. But much damage has been done

 

[enjoylife77]

Malaysia to open Langkawi to foreign tourists in bubble plan​

[KUALA LUMPUR] Malaysia will reopen the tourist haven of Langkawi islands to overseas visitors beginning Nov 15, under a pilot international tourism bubble project that will run for three months.

The government has approved protocols for international tourists to enter the islands without having to quarantine, Prime Minister Ismail Sabri Yaakob said in a statement on Friday. Visitors must be "high-yield", fully vaccinated, and stay for at least three days, among other requirements. Malaysia will evaluate the pilot project before emulating it in other tourist destinations throughout the country, Ismail added.

The Southeast Asian nation is following in the footsteps of neighbouring countries such as Thailand and Singapore in easing quarantine rules for inoculated visitors, as the region seeks to recover from the global pandemic.

Tight movement restrictions for most of the year tipped Malaysia's gross domestic product into a quarterly contraction during April-June.

Malaysia's speedy vaccine rollout in recent months has helped the country turn a corner.

The states of Terengganu and Johor will transition to the final phase of the national recovery plan from Monday, joining Kuala Lumpur and Selangor, Ismail said. The government also approved rules for allowing migrant workers to re-enter Malaysia on a case-by-case basis, he said.

Last week, Malaysia ended a months-long ban on interstate travel after the nation reached its target of vaccinating 90 per cent of the adult population. The government also allowed citizens to travel overseas without prior approval. The government expects to fully reopen its domestic economy by the end of 2021 and return to pre-pandemic growth next year, Finance Minister Zafrul Abdul Aziz said last week.

BLOOMBERG

 

[JohnTan]

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,

I don't understand JB land zoning. I've seen shitty commercial buildings side by side with large malls, or single storey landed properties next to hotels and large land parcels of that are mostly weeds, puddles and abandoned buildings. JB is clearly sparsely populated enough that land zoning officials do a shitty job of zoning land. I rather sit out property investment in JB.

 

[LordElrond]

I don't understand JB land zoning. I've seen shitty commercial buildings side by side with large malls, or single storey landed properties next to hotels and large land parcels of that are mostly weeds, puddles and abandoned buildings. JB is clearly sparsely populated enough that land zoning officials do a shitty job of zoning land. I rather sit out property investment in JB.

There is no land zoning in JB… the savvy Malaysians will pick the more liveable areas

 

[congo9]

I’m pretty sure the MY Govt will reverse their stance on MM2H…. But much damage has been done

They should not do anything to the current MM2H scheme. They should encourage people to invest and open shop or business in Johor. MM2H can be a piece of sweetener thrown in to sweetened the deal.

 

[JohnTan]

There is no land zoning in JB… the savvy Malaysians will pick the more liveable areas

I've seen liveable areas in JB side by side with car washes, motels and other shady businesses. I rather stick to property investment in Singapore.

 

[LordElrond]

I've seen liveable areas in JB side by side with car washes, motels and other shady businesses. I rather stick to property investment in Singapore.

That’s not liveable. There are selected pockets I would zone them as “green” for jiuhu standards. Obviously Sinkieland is a safer investment, no comparison. Jiuhu is a place to dump loose change which we are prepared not to take back.

 

[congo9]

There is no land zoning in JB… the savvy Malaysians will pick the more liveable areas

That's why in mudland. There are full of opportunities for you to smell it out.

Never mind zoning. It's the lousy way for man to get rich, it for the govt to get rich. Odds favour them greatly.