• 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.

Property News

xebay11 said:
Sure but when they turn out right, you claim that is Prophet like, then how? No one can possess foresight? Everyone must be dumb?
Click to expand...

In my view any claims about the future follows an if then structure. You lay out the assumptions or conditions that have to be true or happen in order for the claim to be true.
 
Frodo said:
And now the argument you gave is circular too. Not having any properties does not mean the counter claim is therefore more credible. If one is not vested in JB then it just means that he is not vested, it does not make him neutral in his views. This is either a for or against JB property view and we have all taken sides, so in my view any claim to neutrality on either party is hardly intellectually honest.
Click to expand...

Not vested means can also buy JB properties when or if the time is correct, does not mean totally do not own forever, it is therefore, more neutral than someone who is vested, am I correct?
 
Frodo said:
In my view any claims about the future follows an if then structure. You lay out the assumptions or conditions that have to be true or happen in order for the claim to be true.
Click to expand...

So if it turns out correct it is true, that is called hindsight, not foresight. If you study any market properly, the if would appear almost as probable as the then.
 
Last edited:
Very informative read. I personally feel same investment sentiment applies on this whether iskandar malaysia makes a good investment portfolio, that is if you are buying for the sake of flipping in a couple of years to makes tons of money, you are going to be shell shock in the next 5-10 years. Regardless where the property is located, it is still considered an asset, not liability.

Sometimes we can all argue till the cow comes home throwing in numbers and expert advices however like all opinions and views gathered here, they are subjective. Who in the right mind will buy a property when the foresee doom looming the horizon. I believe all views and analysis have been informative for layman like me and though some part of me want to believe i make a shrew decision in buying my first oversea property in malaysia however another side of me scream caution based on the rapid changes political scene in putrajaya. My only consolation now is the wise ruling of Johor Sultan on several state related issue which in turn hope for a more favorable investment climate.
 
xebay11 said:
That is only if the world is a static place and markets do not change and moves in a straight line, like I said in the past, investing in property requires studying past, present and future trends and adapting to be successful or at least intelligent.
Click to expand...

Definitely. The article just highlights some basic principles. The author is neither paid to dish out all useful advice for free to the general public nor qualified to do so (i.e. he is not speaking on behalf of some authorities). His vested interest is provided at the end of the article so that readers can make a judgement call how bias is the information.
 
Last edited:
kslresidence said:
Very informative read. I personally feel same investment sentiment applies on this whether iskandar malaysia makes a good investment portfolio, that is if you are buying for the sake of flipping in a couple of years to makes tons of money, you are going to be shell shock in the next 5-10 years. Regardless where the property is located, it is still considered an asset, not liability.

Sometimes we can all argue till the cow comes home throwing in numbers and expert advices however like all opinions and views gathered here, they are subjective. Who in the right mind will buy a property when the foresee doom looming the horizon. I believe all views and analysis have been informative for layman like me and though some part of me want to believe i make a shrew decision in buying my first oversea property in malaysia however another side of me scream caution based on the rapid changes political scene in putrajaya. My only consolation now is the wise ruling of Johor Sultan on several state related issue which in turn hope for a more favorable investment climate.
Click to expand...

Buying for own stay or long term investment is still ok for JB / Iskandar, but those who bought to flip or are highly leveraged hoping to pay instalments with rental are the ones who will be hit hardest. Beware!
 
That's true..
For johor have to go in with the expectations to buy for own use.. Rental of flipping will be pretty challenging at least in the near term
 
xebay11 said:
So if it turns out correct it is true, that is called hindsight, not foresight. If you study any market properly, the if would appear almost as probable as the then.
Click to expand...

There is nothing predictive about hindsight because what has happened has happened. More often than not hindsight is accompanied by regrets. Aiya, if I had known minimum sum will be raised to one million I should have bought earlier. Aiya...if I had known ringgit will hit 3.0X I would not have paid my house in cash.....Aiya...Aiya....Aiya...
 
xebay11 said:
Not vested means can also buy JB properties when or if the time is correct, does not mean totally do not own forever, it is therefore, more neutral than someone who is vested, am I correct?
Click to expand...

Uhhh....no....so long as a person takes a side on any issue he is not neutral.
 
xebay11 said:
Buying for own stay or long term investment is still ok for JB / Iskandar, but those who bought to flip or are highly leveraged hoping to pay instalments with rental are the ones who will be hit hardest. Beware!
Click to expand...

Exactly. I mean one should not go into property purchase thinking they are going to be the next Li Ka-Ching. Having said that, sometimes miracles do happen and if you are been favored by the divine or whatever reason, you could be reaping in great profit. However like recently my wife was asking me if the home i purchased flipped 3 folds, will i nit sell and profit. I find this question profound as economically speaking, it does make all the sense to flip and run. But if there is a reason for the property to flip 3 folds. Will it be better to hold and enjoy the non monetary gain instead. I am no savvy investor just a commoner who put his interest and convenience above all.
 
Frodo said:
You commit the same reasoning flaw by dismissing the claim simply because of who made it rather than deal with the merits or demerits of the claim made. It's called ad hominem, meaning to the man. It is irrelevant because it sidestep the need to deal with the claims and simply attacks the person making the claim. It is just as invalid as dismissing or discrediting the arguments raised against JB properties simply because they were raised by people critical of JB properties.
Click to expand...

What are you talking about? Haha... We are not having Philosophy101 class here!

Where's my flaw?

It's more like you are flawed in your perspective because it is one sided.

My statement might have been flawed if there is no strong evidence that there is a high oversupply of Iskandar properties. You can easily read the reports, facts and data online. Mind you, these are not from untested sources. They are from property analysts, the banks (local and even Malaysians), the Singapore government and academics. You must be either blind or deeply delusional to avoid accepting them.

All these data did not appear back in 2013. If so, the number of buyers of Iskandar properties might be much less than now.

So, let me give you an analogy. Suppose 10 people around you tell you not to visit a food stall because the food there tastes lousy. But you insist on going there. Then you ask a man standing near the stall: "Eh, can I know if the food here is delicious?" The guy replies: "Yes, it's good!" Now I come to you and say: "Do you know he is the owner of the stall? Of course he will say it's good."

Are you stupid enough to say my reasoning is flawed and go ahead to buy the food?

Sure, we can go on and on with the philosophical argument. Oh, maybe your taste bud is different. Maybe you will like the food, unlike the rest. But such arguments are trivial.

I think I've made my point. As xebay11 put it, the above is called "vested interest". You don't read an optimistic article and go YEAH! immediately. Think harder where the source is coming from.
 
kslresidence said:
Very informative read. I personally feel same investment sentiment applies on this whether iskandar malaysia makes a good investment portfolio, that is if you are buying for the sake of flipping in a couple of years to makes tons of money, you are going to be shell shock in the next 5-10 years. Regardless where the property is located, it is still considered an asset, not liability.

Sometimes we can all argue till the cow comes home throwing in numbers and expert advices however like all opinions and views gathered here, they are subjective. Who in the right mind will buy a property when the foresee doom looming the horizon. I believe all views and analysis have been informative for layman like me and though some part of me want to believe i make a shrew decision in buying my first oversea property in malaysia however another side of me scream caution based on the rapid changes political scene in putrajaya. My only consolation now is the wise ruling of Johor Sultan on several state related issue which in turn hope for a more favorable investment climate.
Click to expand...

Nobody in the right mind will buy Iskandar properties and think about flipping.

I think the worry now is more of whether the property is even worth close to the buying price 5-10 years later.

You are possibly talking about holding it for as long as 20 years and beyond and hoping something good will turn out. That's a really long time. Anything can happen. You must be prepared to park your money there. Well, at least you make the Malaysian government happy by improving their economy.
 
mpan12 said:
Nobody in the right mind will buy Iskandar properties and think about flipping.

I think the worry now is more of whether the property is even worth close to the buying price 5-10 years later.

You are possibly talking about holding it for as long as 20 years and beyond and hoping something good will turn out. That's a really long time. Anything can happen. You must be prepared to park your money there. Well, at least you make the Malaysian government happy by improving their economy.
Click to expand...

More damning, although may be remote, but if this is Singapore, the banks would be doing revaluations and start calling back highly leveraged loans, as property values fall, the increasing numbers of fire sales in Singapore is growing, Malaysia banks next?
 
xebay11 said:
More damning, although may be remote, but if this is Singapore, the banks would be doing revaluations and start calling back highly leveraged loans, as property values fall, the increasing numbers of fire sales in Singapore is growing, Malaysia banks next?
Click to expand...

I believe there is a possibility. Malaysia's economy is a bit shaky now. We could be seeing a mini-Lehman Brother crisis if all the buyers decide to abandon their properties, can't finance any more and default on the mortgage. I think that's the main worry of the banks.

Like I said previously, come 2017/18, we will see. Iskandar is a foreign playing field. There are the rich ones like from China who buy the properties and never even stay there. Seriously, who would buy a place like Country Garden Danga Bay?

But there are also the commoners from Singapore who rushed in back in 2013. If they cannot rent out or find buyers, sooner or later, they too might call it quits to cut losses.
 
mpan12 said:
I believe there is a possibility. Malaysia's economy is a bit shaky now. We could be seeing a mini-Lehman Brother crisis if all the buyers decide to abandon their properties, can't finance any more and default on the mortgage. I think that's the main worry of the banks.

Like I said previously, come 2017/18, we will see. Iskandar is a foreign playing field. There are the rich ones like from China who buy the properties and never even stay there. Seriously, who would buy a place like Country Garden Danga Bay?

But there are also the commoners from Singapore who rushed in back in 2013. If they cannot rent out or find buyers, sooner or later, they too might call it quits to cut losses.
Click to expand...

Pull out the popcorn, the show is about to start soon as 2016 is almost upon us. This is only the trailer stage where only the best bits of the movies are shown.
 
You must log in or register to reply here.

Similar threads

S
Mumbo Jumbo News
Replies
1
Views
250
Sikodolaukazzz
S
Aaron carter
[Guess the race] Property agent issued Pofma order over false claims about ethnic integration housing policy
Replies
0
Views
328
Aaron carter
Aaron carter
Dr Christopher Cheok C S
Property Market is red-hot
Replies
14
Views
996
eatshitndie
eatshitndie
Franjipani
Emily Yap Yong An wants PAP to pay property tax for seniors living in private properties
2
Replies
31
Views
1K
sbfuncle
sbfuncle
J
CEA Regulator mulling minimum transaction requirement for property agents to remain registered
Replies
5
Views
235
8::::::D
8::::::D
Back
Top