Don't be like that lah. I'm also presently looking for resale condo units at my shortlisted locations. But I only need those 3-bedders which cost between RM700k & RM800k. However I can't buy because of the RM1m restriction. I don't need a penthouse, too big. So you see, by imposing the RM1m restriction, the state government is doing a disservice to its people (as a significant number of foreigners will be left out from this segment), especially during this current property lull time. I hope they'll revise it, at least for a limited duration.
.....................It is these Singaporeans who created the demand situation that the developers jack up the price making poor Malaysians to pay so much more.
So who do we blame?
Cannot say like that. Don't you want your property to appreciate in value during its lifespan? Otherwise, do you want to live in the old and forgotten tin mining town of Sungai Lembing in Kuantan, where you even have problems with getting a handphone signal? Every major city in Malaysia is the same, KL, Klang Valley, Penang, etc. I would be glad if I can sell my property at a higher price than I had bought. Otherwise, I'll be a hypocrite if I say I don't. For those less fortunate, the government has already provided several low-cost housing projects. These are very good value for money flats.
By the way, I bought Encorp 1430 sq ft for RM1.53m. High floor. Unblocked view as it is the next unit from corner of T2 closest to Hotel Jen, overlooking the marina and CIQ. Just nice size..but I am not selling.
For me, I'd prefer just solely freehold residential condos. No mixed commercial and residential developments.
I fully agree and support. Otherwise, the economy of Singapore will fall back. However, the government must always be ready to anticipate the future with proper and adequate infrastructures (eg: MRTs, buses, hospitals, etc) which I must admit that they have been progressively doing after the 2011 election.
The SG citizens must also do their part. I notice a lot of the current Z generation (born in the 1990s) are very reluctant to work hard to earn their keep, but only wants to look for easy money. Their attitudes are mainly caused by their parents spoiling and overprotecting them when they were in their teens. They never know what hardship really is and a good number of them are spending beyond their means.
The crux of the problem here is that the bread and butter (and I believe is also the most number of units) 3-bedders resale condos in the market are priced at between RM700k and RM800k. The most sourced are those 2-bedders, which are even slightly lower in prices. These also can find tenants more easily and so, are more suited for investors. Foreigners are not allowed to buy them but at the same time, how many ordinary Johoreans are willing to fork out the RM700k to RM800k now to buy these condos? Quite a lot of the present 2 and 3-bedders condos are also bought by Malaysians and especially SPRs (as first owners) with the intention to flip to Singaporeans/others upon VP, because pre-2012/13, their launch prices were between RM500k and RM600k and coupled with this region's property markets and economies were still hot then.
I already know, but those are leasehold properties which I'm not keen. Also, I don't like the location (at least for now) because it's deserted. I also need UNIFI and I don't know which are the ones already equipped and ready.
I know those Chinese developers are exempted from the RM1m restriction. But their prices are already high and most, if not all, are still under construction. The remaining other developments which are also exempted from the RM1m restriction are too far and few.
