Re: Risk Factors in JB Property
I have someone well regarded who recently who asked us the same apples and oranges question about clob and property. A lot of these were discussed way back but again and again we see such questions.
A fairer comparison might be CLOB and buying Bumi lots when one is not a bumi. Both are on shaky or little ground to stand on to begin with. There is never any 100% guarantee in life, people from Malaysia goes to Woodlands for shopping just decades back as it was cheaper in Singapore for some goods. Now things are reversed.
Anything below 500k, we cannot buy, period. Unless there is a discount from the developer then yes. Stamp duty, lawyer fees, levy, etc are not part of the sale price so no matter what, the base price of the property must exceed 500k. Bumi release is only if the unit you are looking at was a bumi unit.
Thank you for the reply mingchye n iskandar rocks for your answers but ive seen some properties r advertised below the 500k required for foreigners ,I mean r we eligible to buy it if we want to spend less n they also say foreigners eligible ,that 's confusing to as are there any extra costs involved such stamp duty lawyer fee ,or if there is a conversion fee from bumi to foreign eligibility thanks for your reply as I wish to start low .
I have someone well regarded who recently who asked us the same apples and oranges question about clob and property. A lot of these were discussed way back but again and again we see such questions.
A fairer comparison might be CLOB and buying Bumi lots when one is not a bumi. Both are on shaky or little ground to stand on to begin with. There is never any 100% guarantee in life, people from Malaysia goes to Woodlands for shopping just decades back as it was cheaper in Singapore for some goods. Now things are reversed.
Anything below 500k, we cannot buy, period. Unless there is a discount from the developer then yes. Stamp duty, lawyer fees, levy, etc are not part of the sale price so no matter what, the base price of the property must exceed 500k. Bumi release is only if the unit you are looking at was a bumi unit.
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