It is real. Came out on Singaporean newspapee not long ago. The feasibility study of the third link is on. Can't remember which new paper liao. Proberly 1 or 2 months ago.
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
Living in JB
- Thread starter wuqi256
- Start date
- Status
It is real. Came out on Singaporean newspapee not long ago. The feasibility study of the third link is on. Can't remember which new paper liao. Proberly 1 or 2 months ago.
Also by FT from Malaysia. Don't believe right? They have tried to rent my HDB rooms before I move to JB. Thats how I came to know about this. Just think about it, they don't grow up here, don't have connections, don't know this place well enough, how can you expect them to crack cases?:*:
I got a taxi driver relative who told me so. He has followed his girlfriend to the Philliphine liao. I'll ask him about it when I see him. However, I do remember seeing an NTUC cab crossing the 1st link with passengers on board sometime ago.
I've decided to pull out of my JB property hunt as I feel it is being priced at premium.
- Nusajaya location isn't yet mature and the land is 3x of singapore.
- The rental market is poor and with the flood of Singaporean money into Nusajaya or surrounding, this create the surge in supply. This will give further poor rental yield.
- I was talking to developer and for the property around RM700k + RM100k reno + fitting = her monthly estimated rental is only RM2k to max RM2.5k.
If I buy this Nusajaya property it only means I'm subsidizing others to stay.
- Whenever only foreigners are buying. The property is deemed to be premium. Look at who are buying in Nusajaya? 90% foreigners.
- With equal price/psf I can get a better appartment at the heart of KL, the capital.
Just compare this Orion condo in KL with Impiana East Ledang:
http://www.iproperty.com.my/propertylisting/821509/City_Centre_Condominium_ForSale
- Impiana has inferior appartment status while Orion is a condo status.
- psf price wise is the same but I believe Orion has better interior fitting as it has condo status.
- Orion at the heart of KL city. Impiana at the heart of ledang city still surrounded by woods.
Similarly you still can find landed in KL with the price of Horizon Hills. why would I buy unproven location?
- Nusajaya location isn't yet mature and the land is 3x of singapore.
- The rental market is poor and with the flood of Singaporean money into Nusajaya or surrounding, this create the surge in supply. This will give further poor rental yield.
- I was talking to developer and for the property around RM700k + RM100k reno + fitting = her monthly estimated rental is only RM2k to max RM2.5k.
If I buy this Nusajaya property it only means I'm subsidizing others to stay.
- Whenever only foreigners are buying. The property is deemed to be premium. Look at who are buying in Nusajaya? 90% foreigners.
- With equal price/psf I can get a better appartment at the heart of KL, the capital.
Just compare this Orion condo in KL with Impiana East Ledang:
http://www.iproperty.com.my/propertylisting/821509/City_Centre_Condominium_ForSale
- Impiana has inferior appartment status while Orion is a condo status.
- psf price wise is the same but I believe Orion has better interior fitting as it has condo status.
- Orion at the heart of KL city. Impiana at the heart of ledang city still surrounded by woods.
Similarly you still can find landed in KL with the price of Horizon Hills. why would I buy unproven location?
Hi CuriousCat, I can understand your frustration. But don't you think if Malaysia taxis are able to operate in Singapore from point to point, say from Jurong to Changi, they will be able to earn Singapore Dollar, competing with our local operators without having to pay a license fee and running at much lower manpower and diesel cost. What will happen to our domestic operators if they go JB and earn Malaysia Ringgit. Sure they can always look for long haul trips to KL, etc, but how often can they do this when they have their families in Singapore waiting for them to come home every day from other states.
I hate to see the day when people queuing at taxi stands reject Singapore operators and wait for a Malaysia cab in the queue because they know these cabbies charge lower rate. Okay if they charge same rate, earn same amount of Singapore dollar, pump their patrol in JB, don't need to bid for COE, drive a Proton. It won't be fair to our poor Singapore cabbies if these Malaysia cabbies are able to do their business in Singapore, vice versa, Singapore cabbies ply their trade in Malaysia. I'm sure they have done a study on this before, but it's not gonna be easy to implement good regulations.
What if the SG cabbie decides to drive his cab to Malaysia and never return. No one will suspect anything when they see this yellow taxi in a small Johor town because he is allowed to drive there.
What if the SG cabbie decides to drive his cab to Malaysia and never return. No one will suspect anything when they see this yellow taxi in a small Johor town because he is allowed to drive there.
Hi Tutucake, we can never prepare for all eventualities. Just follow your heart and hope for the best.
A meteor may fall on us tomorrow, a plane may fly into the building we are in, a shark may fall out of a storm and eat you in the middle of a desert while you are riding on a horse. There are just too many things that may go wrong in this world. Even buying property in SG, what if one day it falls? This is a scenario that is likelier to happen but then so many are still buying in SG?
Bro Tutucake, i know its hard to be positive at times in this dark, cold and hardened world we live in, just don't give up, picture the best and worst scenario and then picture the in between scenario and let that lead the way. Its easier said that done but too much negative stuff eats you up. I know of a whole bunch of very negative people. Even a walk outside their HDB, they will fear stones and wild dogs.
What did these people amount to in the end? Nothing much unfortunately. Not in terms of material nor life experience. They played it safe, all the way, until the end. Did they remain safe, well sometimes as some still had bad accidents IN THE SAFETY OF THEIR OWN HOME. Worse, they would probably report to their maker: "Boss i never went anyway, never did anything, i remained safe until the day i fell and hit the bathroom tiles."
"I guess i forgot about that possibility"
Unless science advances alot in a short time, all who read this will have to die one day, if one conquers the worst fears, then there is no longer anything to be fearful about. Many still postpone that dream trip or flight as they want to do it when they are "older" but they forgot, the man upstairs may have different plans and your "older" and his "older" may differ by many years. Even if you truly make it, your eyesight will be blurred, your footsteps weak and your breath slow and laboured. How far/much can you see or travel by then? We all have been told to be patient and wait for good things to come but there are some things in life that probably cannot wait. (Not referring to property related stuff) It can just be a lifestyle decision, go rent a hotel or a house/apartment, live in the place for a couple of months and see if you can take it or not. Then if not, its just an experience learnt.
Too often i see so many friends afraid to try new things or even to extend a help to others, too afraid to make a mistake or be laughed at. Yes people may laugh at you if you tried and failed but not everyone will laugh at you, some will secretly be wishing they have the guts to even try like you. What happens if on the other hand you succeed? Are you then going to be afraid of the thunder of their applause and the fireworks they will light in your name? When does fear ends and ones life truly begins?
As for Mr Chiam, i really respect him, still fighting all the way to the end in a blaze of glory.
Dedicated to all who are constantly fearful about life:
http://youtu.be/Jne9t8sHpUc
An old man turned ninety-eight
He won the lottery and died the next day
It's a black fly in your Chardonnay
It's a death row pardon two minutes too late
And isn't it ironic... don't you think
It's like rain on your wedding day
It's a free ride when you've already paid
It's the good advice that you just didn't take
Who would've thought... it figures
Mr. Play It Safe was afraid to fly
He packed his suitcase and kissed his kids goodbye
He waited his whole damn life to take that flight
And as the plane crashed down he thought
"Well isn't this nice..."
And isn't it ironic... don't you think
It's like rain on your wedding day
It's a free ride when you've already paid
It's the good advice that you just didn't take
Who would've thought... it figures
I still need to do a fair amount more research but from what I have done so far, I think your analysis is right. The reason to invest in Johor is to bet on price appreciation of the property (rental rates do not seem to justify it [on the basis of rents] now). This situation is a risky time to invest in real estate. You need compelling reasons for that state (one in which rental yields are too low to justify investing) to be corrected. I think Johor though offers a potential that makes it worth considering (and potentially very rewarding) even given this state.
That investment case I think is mostly driven by Malaysia rolling out Iskandar well and Singapore and Malaysia building on the recent economic cooperation. If that happens the potential is great. Then people can easily be looking back and saying, why didn't I get in 10 years ago. Now That things are booming, new office building for internation companies are sprouting up, theme parks are being added, hospitals are bringing in good jobs (and wealthy retirees)...
So I think it is certainly reasonable to say prices are at a premium given today's market. If the potential for the area is close to met though, it may seem cheap in retrospect. But this is what makes investing hard. You don't often get investments with great growth potential, spinning off tons of cash today and have little risk. When you do, you have to buy big. Warren Buffett does this well. Most of the rest of us, seem to miss out.
Of course, I may be wrong. Maybe even today prices are justified by current conditions. I am not familiar enough to really know, I am just getting a sense, that really prices include a fair premium now for people believing the future is very positive here.
It is actually possible that housing investment prices did pretty well without great success (if Singaporeans, Chinese, Japanese, Europeans... bought homes in large numbers). It is possible that could support or even increase prices even without Iskandar doing well. I don't think that will happen. 1st, I think Iskandar will be successful. 2nd, if it isn't, it isn't likely others would buy enough housing to support prices (the proximity to Singapore is the only thing that could possibly allow that to happen - in my opinion).
Damn, if this is true! That explains - the commitment would not be there. Something is seriously wrong here. Is this another scholarly solution? What were they thinking, FT to catch FT??
Last edited:
Bro Wuqi, your modesty is always most disarming.
Anyway, I trust you are definitely not an agent (but even if one is so, like I said to Crystal, so what?)...
So again, perhaps you read my initial message in the wrong context and sorry if any misunderstandings there but anyway, its water under the bridge now, lets move on...
Thanks for the tips on the car mods but frankly, I'm not too handy/knowledgeable with these things and much prefer to let my original car dealer to handle all these mechanical/electrical and keep the engine running smoothly, thats all I need and ask (not cheap at all though)...
I'm seriously considering your suggestion though, on buying a MY car to move around.
That's not a bad idea...
Thanks Maxpark. Yes its already in the oceans.
Me neither but i learnt the basics so as not to be taken for a ride, almost anything in life one can eventually master given enough time and patience.
Don't consider, buying a MY car was one of the smartest things i have ever done. Just lucky to find a good mechanic who is very honest with me.
Hi Curiouscat, back when i first shared about buying and renting out, it was still very feasible. Like you end up paying bank 50% of what you get back from your tenant. Now, its not so unless the 700k is for a cluster or semi d and you are lucky to get in a good development, then yes it still makes sense. I am sorry for sggecko as its a bit too late to do the investment part now for some areas. I would still differ on the 3x size for Nusajaya as a lot of these land are not meant for residential and some are simply ill suited to be used for it.
Do you math, do your plans and wait and see. The land will always be here if you are aiming for own stay. Just that the choice ones or the ones at a pricepoint you like may no longer be there. There will still be choices though.
I've mentioned this comparison before, but even though this Orion is along Jalan Tun Razak (busiest road in Malaysia), it is at the other end of the road, not exactly near KLCC. To get to KLCC, you have to make a U turn at Jalan Pahang roundabout which is 2 km away. That road is very jam and for that 2 km you might get stuck for 30 mins.
this one doesn't appeal to expat or locals.
overall, KL market is very dynamic, there is oversupply in certain areas in certain sectors. And yes, it is a good place to play.
Hi Bro Wuqi,
Dont get me wrong.... i'm just felt that the so called 'good news' to everyone here sounds no so good a news to me...
As much as I hope that JB will be a safer place to live in... but if it 'boom' so much to the extend of being as expensive as Singapore.... then it kind of defeats the purpose for people like me who is looking for a place with less stress and lower living cost....
I'm not here to invest and wish the property appreciate to sky high.... i buy for own stay.... not becoz i want a bigger house......but to escape from the rat race....
im not good in expressing myself... but i think you get the point...
lastresort,
thanks for clarification. But I mean, it was just taken out from the property site. But I believe there are so many similar deals where one still can get decent price in KL.
What I want to stress is that the premium Nusajaya development being offered to foreigners especially Singaporean.
Assume the whole Nusajaya development 90% demand is by non Malaysian. This is terrible as the pool of foreigners are limited.
This doesn't create enough liquidity for secondary market and it also means won't see higher resale value.
Bro, u sound quite like me and thinking quite alike. However, for own stay, the sentimental value always cost more than what it actually worth. Remember the couple who paid sky high price at cck for the HDB? So long as u have identified one and are happy enough to justify u getting out of the rat race, why bother about anything else, as in how the market is gonna move, how the price fluctuate etc. for own stay, no matter what situation/condition it throws at u, u will still need to stay on as it's your base. That's why pick a middle range property and lots of local presence, and I don't think u can go too wrong. Try to search google and properly agency website, more listings appear for those higher end/reputable tamans because of the speculator. Some is for weekend home and no matter how mix amenities one provides in a vicinity, the vibrancy will just won't be there.
As for living cost, yes it's increasing, but u can still can a lot of cheap food, shopping etc. if u understand the local enough, take a family of 4 to 6, their household income might just well be below 3k but there are ways to survive on it and be happy. If we keep spending at jusco, Sutera, restaurants, big meals everyday, of course it's gonna be hefty. Try to blend in like a local and spend moderately, I think we will be just as fine :-)
I believe we share the same thoughts but I'm gonna make my first bold action soon. Hopefully its gonna work out.
Why don't u just share your real concerns for us to understand better?
As for living cost, yes it's increasing, but u can still can a lot of cheap food, shopping etc. if u understand the local enough, take a family of 4 to 6, their household income might just well be below 3k but there are ways to survive on it and be happy. If we keep spending at jusco, Sutera, restaurants, big meals everyday, of course it's gonna be hefty. Try to blend in like a local and spend moderately, I think we will be just as fine :-)
I believe we share the same thoughts but I'm gonna make my first bold action soon. Hopefully its gonna work out.
Why don't u just share your real concerns for us to understand better?
Bro, really? 90%? Is your source accurate? With the imposition of bumi lots, quota, and even quota with Max selling price (for some developments), foreigner comprises 90%? I think this figure needs to be verified. Again, u r only comparing impiana, there are cheaper alternatives that might just fit ur goals. U need to look beyond nusajaya.
Last edited:
If you look at Singapore market, the yield could be worse if you buy now.
For a condo I'm familiar near Simei MRT, 2BR unit may be rented out for say $3-3.5k and it cost around $900k.
Prices keep increasing if not for recent government policy. In fact nov stats out already and I think price index did not drop.
But agree with you that the hot zone in Iskandar are really premium priced now.
But if I'm forced to invest, I'll still buy in JB than KL than Singapore.
bro.., besides the house which you are currently staying, i sense that this is probably your first property investment?...your trepidation is perfectly normal as it is in a foreign land some more.
Investing and subsidizing are not exactly the same creature. Investment means owning an asset with a small initial outlay and getting returns from it. Hopefully the returns can cover the monthly instalments and other cost. If not, then have to cough out some monies to make up for it. In the interim, if there is capital gains to be realised, one can sell it for that purpose. You realised that eventhough it could be sucking monies from you every month, you are still holding on to an asset (hopefully an appreciating one). it is akin to a forced savings plan with an exit option (i.e. sell if the price is good). And for this to bear fruit, normally one must also have time on their side. So even though it may turn out to be a bad investment, you still have time on your side to earn back the monies lost.
If you view it this way, you will not be bothered about 'subsidizing' your tenants. If there is any subsidizing, it is the bankers' obscenely fat bonus/pay that we are paying through the high interest. Imagine again that today instead of the need to borrow from the banks, you have S$250K on hand to fully pay for the condo. Even at RM1,000 nett (after deduct maintainence etc) rental per month, it is still a respectable 2% return. How much are SG banks giving now for deposits?.
- Status
Similar threads
