I think it is better to invest in KL than Johor. Why must we subject ourselves to be taxed higher and be zoned to specific area. There are better place to invest. I will not be surprise those in R&F will be taxed more than other areas as they are zoned for "FOREIGNER"
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New developments to share
- Thread starter wuqi256
- Start date
creating international zone is also protecting foreign investments, coastline especially.
Err.....protecting or scaring away? To quote forumer Davis above: "I think it is better to invest in KL than Johor. Why must we subject ourselves to be taxed higher and be zoned to specific area. There are better place to invest"
i have always said, especailly for condo, KL prime areas are much better proposition, given that johor condo is priced at almost kl levels already!
but one cannot stay in KL and travel daily to singapore, that's for sure.
for rental, at the moment, i believe jb condo, esp those already VP, are giving good yield. however! when the huge supply come online , all bets could be off. might be a bloodbath.
malaysia international zone also got casino. u heard it here first. look at the wording carefully. INTERNATIONAL zone.
I have been away for a while. This world cup madness plus other distractions have kept me away.
I read through the last few pages of post and I find all these speculation meaningless. Why? Cos the Malaysian govt (state and federal) is NOT about maximizing the ppl's welfare. Their UTMOST concern is about how to LINE THEIR OWN POCKETS!!! Unless you can think like them (which I think most ppl cant), you will not be able to imagine their creativity in the ways they are able to come up with to MILK THE SYSTEM! investing in Malaysia, to me, is akin to betting on a rigged world cup match; i.e. you hope you betted on the side who has been rigged to win!
For those who bought in for self stay, I think they are safe, after all prices are still low (compared to SG). Not much room to fall further, barring any large financial shocks.
For those who bought for investment, I think there would be some cause for worry. The glut is coming for sure. Depending on which development was bought, some may not even get completed. Others will have vacant units for neighbours. I am of the opinion that those nearer the causeway and 2nd link are safer than those further away. And those projects with bigger stronger developers will also be safer.
I must say that 1nottiboy has been a rather clever boy cos I decided only to buy a small holiday home for investment and my ECA fun. I knew I had to create a buffer for the craziness these Malay politicians are known for. Yet for all my cleverness, I wasn't able to predict that they are going to allow 200K units of accommodations to be built! (source: ST 8 July) It is beyond madness!!!
All these building activities are still in their early days. Can't really tell if things will succeed or if the China mei meis will move in. God knows how much I have been praying for all these SYTs to move in! That will save me having to fly all the way to China for fun. However, ONE THING THAT I DO KNOW is that, we need the PRCs to move into all these condos. We really need them. Cos I dun think we have enough Singaporeans to fill 200K units of accommodations!
I read through the last few pages of post and I find all these speculation meaningless. Why? Cos the Malaysian govt (state and federal) is NOT about maximizing the ppl's welfare. Their UTMOST concern is about how to LINE THEIR OWN POCKETS!!! Unless you can think like them (which I think most ppl cant), you will not be able to imagine their creativity in the ways they are able to come up with to MILK THE SYSTEM! investing in Malaysia, to me, is akin to betting on a rigged world cup match; i.e. you hope you betted on the side who has been rigged to win!
For those who bought in for self stay, I think they are safe, after all prices are still low (compared to SG). Not much room to fall further, barring any large financial shocks.
For those who bought for investment, I think there would be some cause for worry. The glut is coming for sure. Depending on which development was bought, some may not even get completed. Others will have vacant units for neighbours. I am of the opinion that those nearer the causeway and 2nd link are safer than those further away. And those projects with bigger stronger developers will also be safer.
I must say that 1nottiboy has been a rather clever boy cos I decided only to buy a small holiday home for investment and my ECA fun. I knew I had to create a buffer for the craziness these Malay politicians are known for. Yet for all my cleverness, I wasn't able to predict that they are going to allow 200K units of accommodations to be built! (source: ST 8 July) It is beyond madness!!!
All these building activities are still in their early days. Can't really tell if things will succeed or if the China mei meis will move in. God knows how much I have been praying for all these SYTs to move in! That will save me having to fly all the way to China for fun. However, ONE THING THAT I DO KNOW is that, we need the PRCs to move into all these condos. We really need them. Cos I dun think we have enough Singaporeans to fill 200K units of accommodations!
Lots of waterfront developments are coming up: http://www.iskandarwaterfront.com/, plus those at Puteri Harbour, Medini and the little island off 2nd link.
He probably considers everything his in the first place. The poor should be grateful he is not asking them to pay to be on his land.
The land belongs to the people. Not sure if the locals know what is happening.
As Johor Baru develops rapidly with more skyscrapers, Tun Dr Mahathir Mohamad today wondered who will be the inhabitants of the city.
Malaysia's longest-serving prime minister wrote in his blog that the "New Johor Baru", as he described the development, would take the country to a new era.
"Just like Kuala Lumpur, Johor Baru will achieve Vision 2020 earlier than other cities in the country," Dr Mahathir (pic) wrote.
"However, question remains as to who will live and work in the various skyscrapers being built in the new Johor Baru? Where will they come from?" Dr Mahathir said the new skyscrapers were not cheap as the materials used in the construction were of the finest quality.
"Of course the materials used are marble and granite… lifts and escalators have been installed for the convenience of visitors.
"The top floors may be 30 to 40 floors high, obviously luxury flats with rentals of up to tens of thousands of ringgit per month.
"Therefore, could it be possible that the tenants of these luxury offices and residences be from Majidee or Gelang Patah?"
He expressed concern that the tenants would not be Malays or locals from Johor Baru or surrounding villages.
Dr Mahathir cited an example where in 1819, Singapore had been sold to the British by the Temenggong for the price of 60,000 Spanish dollars.
"At that time, there were just a few fishermen who lived in Singapore and made a living there," he said.
"Foreigners flooded into Singapore until the original inhabitants were completely outnumbered in the cities which flourished on the island state."
He warned that there would be a possibility that the new Johor Baru might also eventually follow in the footsteps of Singapore.
"Under the current system, anyone who has lived and worked in Malaysia for between 10 to 12 years is entitled to citizenship.
"Malaysia is also known for being accommodating and welcoming. Just look at the current situation in the country."
Dr Mahathir also took a swipe at the current administration, saying Putrajaya was intent on achieving a developed-nation status at any cost. – July 8, 2014.
- See more at: http://www.themalaysianinsider.com/...to-foreigners-not-locals#sthash.Hj16DuhC.dpuf
Malaysia's longest-serving prime minister wrote in his blog that the "New Johor Baru", as he described the development, would take the country to a new era.
"Just like Kuala Lumpur, Johor Baru will achieve Vision 2020 earlier than other cities in the country," Dr Mahathir (pic) wrote.
"However, question remains as to who will live and work in the various skyscrapers being built in the new Johor Baru? Where will they come from?" Dr Mahathir said the new skyscrapers were not cheap as the materials used in the construction were of the finest quality.
"Of course the materials used are marble and granite… lifts and escalators have been installed for the convenience of visitors.
"The top floors may be 30 to 40 floors high, obviously luxury flats with rentals of up to tens of thousands of ringgit per month.
"Therefore, could it be possible that the tenants of these luxury offices and residences be from Majidee or Gelang Patah?"
He expressed concern that the tenants would not be Malays or locals from Johor Baru or surrounding villages.
Dr Mahathir cited an example where in 1819, Singapore had been sold to the British by the Temenggong for the price of 60,000 Spanish dollars.
"At that time, there were just a few fishermen who lived in Singapore and made a living there," he said.
"Foreigners flooded into Singapore until the original inhabitants were completely outnumbered in the cities which flourished on the island state."
He warned that there would be a possibility that the new Johor Baru might also eventually follow in the footsteps of Singapore.
"Under the current system, anyone who has lived and worked in Malaysia for between 10 to 12 years is entitled to citizenship.
"Malaysia is also known for being accommodating and welcoming. Just look at the current situation in the country."
Dr Mahathir also took a swipe at the current administration, saying Putrajaya was intent on achieving a developed-nation status at any cost. – July 8, 2014.
- See more at: http://www.themalaysianinsider.com/...to-foreigners-not-locals#sthash.Hj16DuhC.dpuf
Well put, yes leasehold ones has this restriction as they need State Approval.
As though there is already not enough concerns about iskandar arising from oversupply issues, flip flopping policies, poor and impulsive government planning, investors also have to contend with increasing strident statements being made by certain politicians championing the local agenda and how for example the Malays will be the displaced outsiders in the 'new' JB. It's left to be seen if these statements will spur even more restrictive policies against foreign investors and residents. Fortunately elections are a long time away.
Do not know about JB but I think PH is. Locals just cannot afford those RM1000psf condos.
A good guess would be 70:30 ratio with foreigners leading the way.
Last time was buffet style and BBQ. Anyone can take and cook what they like to eat.
Now they say fully ala carte. Local food and international cusine in different sections of the restaurant.
Then got smoking and non smoking sections. Next time they will say men and women cannot eat together.
Y so susah. Eat at home la.
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