In 1999 i discussed purchasing property in Malaysia with my then gf (now wife)... But she being a true blue Singaporean was worried.... What if the rules change/What if this/ What if that/
And the whole plan was shelved....
But i kept reminding her on and off about it.
Finally last year it was she who dragged me to the Setia Showroom in Spore to sign up. What a transformation? And she was proud of her achievement and ofcourse i had always supported her in this...
Now just thinking 10 years back it would have been really cheap and i could have probably bought a palace...or rather several units....
But then there were not many established developers then and honestly we could have suffered. Right? Like economically weak developers / badly designed homes / townships etc...
Now you get reputed developers albiet at a higher price with minimal baggage from the past...
Even KL was not spared the bad reputation of the past...
So in hindsight my wife was probably right... The time to enter the Malaysian especially JB property sector kicked off in 2005 + i presume
Well, higher risks goes with higher gains. Lower risks, lower gains. In hindsight, everything becomes much clearer but if i were in your shoes then..but then again, 10 years ago, you won't find someone who is more brainwashed then me and hated JB due to all the things and brainwashing done.
Then someone told me, Sir, no risk, no gain, do you want to stay in HDB untils SERS forces you out then work until you drop dead at 80 years to repay or take out one of those bloodsuckers reverse mortgage so that you work all your life for virtually nothing towards the end. Remember, even burial plots and slots for ashes are leasehold too.
Wow, wow wow. Yay!!!
I spoke with my wife on the seriousness of this, she saw the light as well. I thought about it and became concerned that the government will eventually make it harder for foreigners so i decided to get in as much as i could and at least have something for my kids.
There and then, i drove to the 2nd link for the first time, got lost, almost went all the way past Senai, lost again but slowly found my way to properties in JB. Stayed in hotels to see if i can live with life here. Suan Bee, Eurorich, Kingston, Lavender, J Hotel, i stayed in everyone of them. Checked out everything myself, got lost, got cheated, learned lessons.
Finally, found all the places with cheap stuff that even locals are unaware, found cheap lights, cheap furniture, good contractors. Bought a MY registered car. So far no regrets.
This weekend, i will be entertaining some very serious naysayers who just for some weird reasons all decided to pay my dad and my family a visit.
I also realised one thing, if you are one that won't or can't make it, even in your own country, house or pigeon hole, you are already a loser.
If you tell yourself though that you can do it or want it hard enough to go for it, then even if you are alone in a foreign land, you will get to your destination, nothing can stand in your way.