Living in JB

[Puteri harbour]

House with mortgage may not be a liability. Property in many countries has grow many time faster than income and inflation rate. With leverage and HOLDING POWER. House with mortgage can be the biggest asset.

With regards to real estate investment, the biggest asset is not cash. Many people does not realize that the biggest asset is the ability to borrow and young age to borrow longer.

A 30 year old investor can borrow up to 40year in Singapore. At 2% the monthly installment is 3028. Work out to 36336 annually. This investor need to keep 8years reserve of this amount to be able to hold through a property cycle usually abt 8 years. This mat to 291,000 reserve.

Conversely for a 50 years old investors, he need to have a reserve of 485000 to last him 8 years.

Debt is good as long as you keep 5-8years of installment reserves. The more you borrow the more reserves you should keep.

Where to find the reserves? For the lucky one, you can take an equity loan on your property if your property increase in value over the years. For the lucky ones, they have to working harder to earn their reserves.

The more successful investors do not use their own money to invest, they use others money.
This way the ROE is very huge or infinite as they use none or little of their own capital.

Hope this will shed some lights with regards to property investment using good debts.

Cheers,
PH

hi danteakc, sorry to hear about your situation. Do share with us when you are able to resolve this issue. My rented place in HH is next to an empty house, dunno if anybody will move in in the next 2 years when I'm still staying there. Would really hate to face your kind of situation. Thanks.

heheh... teasing Sanur... From what I learned from my investment guru, the house that we stay in is also considered as a liability because we need to pay for it. When it is fully paid off, then it can be considered an asset. Another way to look at asset is whether it makes money for you or not.

I don't mean to "pour cold water", but in terms of looking for rental from students, the demand might not be strong because of the boarding hostels available within Educity. And it is usually the student pool that will drive rental prices because the parents will be willing to pay good money for their children to live comfortably and focus on their studies. E.g. in SS15 Subang Jaya, there are 4 colleges in that area and house owners actually rent out rooms on a per head basis. Each person is RM350, so if 8 persons stay in a double-storey house, the total rental is RM2800.

As for the working adults, professors and executives, the demand will depend on whether those projects take off, and we'll know in the next 2 years (2013). Having said that, there's high chance that the rental won't be able to cover the installments for places like Imperia or EL because the purchase price was very high and supply could be more than demand. As we know, most execs just want a place to stay/rest/etc. A small % will be willing to pay for small luxuries, so that means they wouldn't want to pay for a high rental. Just my thoughts... I could be wrong. TGIF!

 

[ODYSSEY]

Catholic church

Church of the lady if Lourdes
Jalan demokrasi, 81500 Pekan nanas
Johor
Tel 07-6631851
Parish administrator, Msgr. Sebastain Francis, VG

Hi Sanur, by any chance do you know the Mass times there? Thks

 

[Sanur]

Hi Sanur, by any chance do you know the Mass times there? Thks

Sorry odyssey

Have not been, as I saw the church while on the way back from pontain. It's further down the said nursery but on the opposite road. Will let u know if I have the chance to check it out.

 

[ODYSSEY]

Hi odyssey , are u catholic??
If so, please let me know which Is the nearest to go from leisure farm. Right now, I could only go LF either after Saturday mass or rush out for Sunday mass. Really appreciate. Thsnks

Yes I am catholic. I think the nearest one would be Church of the Immaculate Conception as mentioned by Jasonjst. Mass times are Weekdays 5.45pm (Mon-Fri); Sunset 6pm (Novena 5.30pm); Sun 7am, 9am, 10.30am, 5.30pm. Hope these help.

 

[Sanur]

Yes I am catholic. I think the nearest one would be Church of the Immaculate Conception as mentioned by Jasonjst. Mass times are Weekdays 5.45pm (Mon-Fri); Sunset 6pm (Novena 5.30pm); Sun 7am, 9am, 10.30am, 5.30pm. Hope these help.

Hi odyssey,

Where exactly is this church location? Any prominent landmark?? Thanks

 

[ODYSSEY]

Hi odyssey,

Where exactly is this church location? Any prominent landmark?? Thanks

Landmark Tower? Landmark Medical Centre? Close to Tropical Inn? Jalan Wong Ah Fook and Jalan Tun Abdul Razak? Travelling along Jalan Tun Abdul Razak towards Singapore, you may be able to see the steeple on your right as you approach the Tebrau Highway junction....... Haha lost? maybe you can try to goggle for these places.

 

[Investor]

aiyoh, you just gave me an idea... :p

Hahaha... ok here's a better idea - 2 wheel clamps are better than one

 

[jasonjst]

House with mortgage may not be a liability. Property in many countries has grow many time faster than income and inflation rate. With leverage and HOLDING POWER. House with mortgage can be the biggest asset.

With regards to real estate investment, the biggest asset is not cash. Many people does not realize that the biggest asset is the ability to borrow and young age to borrow longer.

A 30 year old investor can borrow up to 40year in Singapore. At 2% the monthly installment is 3028. Work out to 36336 annually. This investor need to keep 8years reserve of this amount to be able to hold through a property cycle usually abt 8 years. This mat to 291,000 reserve.

Conversely for a 50 years old investors, he need to have a reserve of 485000 to last him 8 years.

Debt is good as long as you keep 5-8years of installment reserves. The more you borrow the more reserves you should keep.

Where to find the reserves? For the lucky one, you can take an equity loan on your property if your property increase in value over the years. For the lucky ones, they have to working harder to earn their reserves.

The more successful investors do not use their own money to invest, they use others money.
This way the ROE is very huge or infinite as they use none or little of their own capital.

Hope this will shed some lights with regards to property investment using good debts.

Cheers,
PH

Wow ... this is something which I tried to convince my sis-in-law last yr to buy JB houses , but she is not convince .
Going to paste this on her facebook to wake her up .
Thks for the write up .

 

[jasonjst]

Wah no seafood lover in here ah? No one knows of a good seafood place near Bukit Indah?
Any recommendations anyone?

Got mah , Just behind Station 1 cafe /Bukit Indah , there are 2 to 3 bigger one there . Go there see which one more people must be correct . Tried a few time already , reasonable price / reasonable quality . You going on Sunday with family right ? haha ..

 

[LeMans2011]

Wah no seafood lover in here ah? No one knows of a good seafood place near Bukit Indah?
Any recommendations anyone?

There is a restaurant at the end of Danga Bay if you drive from JB city, just before you enter the busy Jln Skudai... not bad !

 

[jasonjst]

Yes I am catholic. I think the nearest one would be Church of the Immaculate Conception as mentioned by Jasonjst. Mass times are Weekdays 5.45pm (Mon-Fri); Sunset 6pm (Novena 5.30pm); Sun 7am, 9am, 10.30am, 5.30pm. Hope these help.

How is your hunt for houses ? Managed to find anything on the resale ?
Some of the abv timing might be chinese mass . Only being there once with my immediate neighbor in JB . Haha , now I know quite a few catholic in JB , great !

 

[jasonjst]

Landmark Tower? Landmark Medical Centre? Close to Tropical Inn? Jalan Wong Ah Fook and Jalan Tun Abdul Razak? Travelling along Jalan Tun Abdul Razak towards Singapore, you may be able to see the steeple on your right as you approach the Tebrau Highway junction....... Haha lost? maybe you can try to goggle for these places.

Best to Key IN into GPS before set out , JB city is no joke to move around, miss a turn very difficult to U turn liao .
I never like going JB city unless bo pian . Still prefer the little Nusajaya / Bukit Indah town.

 

[Investor]

Got mah , Just behind Station 1 cafe /Bukit Indah , there are 2 to 3 bigger one there . Go there see which one more people must be correct . Tried a few time already , reasonable price / reasonable quality . You going on Sunday with family right ? haha ..

Haha you've noticed my earlier post. Yes going there on Sunday with my family. Thanks for your info again Jason.

 

[Investor]

There is a restaurant at the end of Danga Bay if you drive from JB city, just before you enter the busy Jln Skudai... not bad !

When I reach the end of Danga Bay, is it on the left(Danga Bay side) or right side(opposite of Danga Bay)?

 

[LeMans2011]

When I reach the end of Danga Bay, is it on the left(Danga Bay side) or right side(opposite of Danga Bay)?

It is on the left side, drive in a bit... right side going to main road liao... it is a big Chinese restaurant like the scale of longbeach.. It is called Grand Straits Garden Seafood Restaurant... the locals frequent it for celebrations... you can find it on google map

4 of us ate there... i remember we ordered a simple kampong chicken (stupid choice!), some vege, a lobster, a meat... RM300+ total bill
So this is not exactly cheap but probably slightly cheaper than SG

Exit Jalan Persiaran Danga, Danga Bay, 81200 Johor Bahru, Johor, Malaysia

 

[aangsc]

Some say chiku trees tend to invite bats, dont know how true is that. One thing is for sure, the chiku tree at my estate has bats.

Yes chiku, soursop and rambutan do attract bats at night . In old chinese beliefs bats bring wealth but you also need to offer your fruits in return ! In my old kampong we had many fruits trees and when you find half eaten or empty rambutan husks, you know bats have visited. If you do not like to attract bats try mangosteen , guava , durian , lemon. Personally I do not mind bats coming at night, till now I do not have chance to show my kids bats in the wild in SG. Flying fox ...the bigger bats seem to be totally disappear in SG wild. The last that I saw in the wild must be way back as a boy in kampong. I missed seeing those creatures but not the snake that also come at night for food.

 

[Sanur]

Yes chiku, soursop and rambutan do attract bats at night . In old chinese beliefs bats bring wealth but you also need to offer your fruits in return ! In my old kampong we had many fruits trees and when you find half eaten or empty rambutan husks, you know bats have visited. If you do not like to attract bats try mangosteen , guava , durian , lemon. Personally I do not mind bats coming at night, till now I do not have chance to show my kids bats in the wild in SG. Flying fox ...the bigger bats seem to be totally disappear in SG wild. The last that I saw in the
wild must be way back as a boy in kampong. I missed seeing those creatures but not the snake that also come at night for food.

Bats r cute but their poo staines the floor badly.

 

[ODYSSEY]

How is your hunt for houses ? Managed to find anything on the resale ?
Some of the abv timing might be chinese mass . Only being there once with my immediate neighbor in JB . Haha , now I know quite a few catholic in JB , great !

Still hunting. Going in tomorrow to view somemore houses in HH. Hopefully can find one that we like. Eyeing one recommended by someone from our forum but waiting to see the inside. If we can feel some affinity with the house, my wife and I are aready to sign on the dotted line.

You are right. the 10.30am is in Mandarin; 5.30pm is in Tamil. Nice to know you are one too.

 

[ODYSSEY]

Yes chiku, soursop and rambutan do attract bats at night . In old chinese beliefs bats bring wealth but you also need to offer your fruits in return ! In my old kampong we had many fruits trees and when you find half eaten or empty rambutan husks, you know bats have visited. If you do not like to attract bats try mangosteen , guava , durian , lemon. Personally I do not mind bats coming at night, till now I do not have chance to show my kids bats in the wild in SG. Flying fox ...the bigger bats seem to be totally disappear in SG wild. The last that I saw in the wild must be way back as a boy in kampong. I missed seeing those creatures but not the snake that also come at night for food.

Yeah, I remember those days where almost every other tree is a coconut palm - seemed to see lesser of these in SG. Guava tree branches are very good for making catapult too haha.

 

[Puteri harbour]

Hope it help another person get out of the rat race....
Cheers,
PH

Wow ... this is something which I tried to convince my sis-in-law last yr to buy JB houses , but she is not convince .
Going to paste this on her facebook to wake her up .
Thks for the write up .