Bro, i read your comments about Malaysia, Australia etc and your reasoning behind some comments. I think you juggling to many things. You are also confusing investment with purchases that serve other purposes. Malaysia is a pressure relief valve for many Singaporeans. It is convenient, next door, more space, more fresh air, etc and have similar background in many respects.
People will accept that you do not like Malaysia as it is not your cup of tea. And thats fine. But going on about "investment grade" when it is full fledged economy doing pretty well with many Malaysians becoming millionaires suggest that you mixing up too many things. If I say day I don't like mutton soup as it is not to my liking is quite acceptable but going on to say that the stallholder looks funny does not appear cogent.
You want a freehold landed in a corruption-free, top notch country with the highest integrity and superb economics growth - sure, pay SGD 2M and leave the rest here to invest in similar ppty in Msia at 1/5 that price.
The number of SPR from Malaysia buying in Malaysia surprises me. Initially I thought most are Singaporeans buying. It turns out otherwise. Most of them are buying for own use. This is the group that is buying up landed near zone A now.
I guess we have an extra layer of safety net which lower our risk of ppty purchase. Besides our familiarity with the local market, If the ppty is not rent-able or cannot be sold easily, our family members in msia can move in. also we have someone in msia to oversee the ppty while we are working in SG. moreover, we do not pay foreign tax, not restricted by foreign ownership quota, can buy bumi lot and can loan 90% on first 2 ppty (not sure if that’s the case for foreigner)
You want a freehold landed in a corruption-free, top notch country with the highest integrity and superb economics growth - sure, pay SGD 2M
hi arsenal, thanks. you are more than welcome to seek residence in my country and I feel proud that a growing number of sporeans like you and others is interested in msia enough to bother to do extensive research in investing for own stay/rent/flip. Msia’s economy undoubtedly relies a lot on foreign capital inflows from SG and this is good for msia, though the price to pay is high inflation.
I understand how you feel – I compare myself with my cousins who are working in msia, middle income earner. Income wise, they are definitely losing out as I am earning SGD but their quality of life seems to be better, not withstanding the higher exposure to danger due to higher crime rate in msia. I have to live in a rented room and take public transport to work every day while they drive to work and stay in landed house. I see jurong gateway condo selling at SGD1600psf and yet I am able to take a bus from there to reach horizon hill via tuas in 1hour (driving will be much shorter) on a good day where that price can buy me a bungalow. I see how by crossing the 1km causeway bridge (the old straight one), my dollar grows 2.5x and I am able to live in landed.
Of course its certainly not apple to apple comparison as we all know – but putting all these together, it is no wonder a growing number of sporeans is considering residence in msia
I like Malaysia as compared to other countries that I have lived before..
The beaches, the people, the weather and so on.. the culture is also very similar. The difference is we make S$ and they make Rm.. (So when we are buying those houses at the time that locals shunt due to the record prices we are paying, hope they understand we are not fighting with them at all) From statistic there are more than 500K malaysians are working in Singapore.. I want to be like them, work here and live in Malaysia.
Malaysia --- truly asia!!!
The way some of you describe Malaysia as though it is some sort of basket case. It is not. It continues have a vibrant economy, more new millionaires are coming out, and the opportunities are plentiful. We continue to lose Malaysians who we provided scholarships to returning to grab the opportunities.
Sure they have corruption so do we but we have a press that is controlled so we have little line of sight when it comes to misconduct. If Ho Ching ran Malaysia state assets, I can guarantee that there will enough political pressure that she will not last 6 months in the role.
Sure we despise some of the issues that we see in Malaysia but there is still enough space, fresh air and landed properties and virgin land to take hold of.
In 1988, the Govt realised that Malaysians who are well educated, holding good posts are no longer converting to Singapore citizenship. Despite all the incentives and disincentives put in their way, they are still not budging. While they work in Singapore, they are building their retirement home, investing in things across the causeway.
So why not take advantage of the Malaysia as well. Lets not be short sighted.
............he got all the benefits i had without doing 2.5 years of NS!!! and because he is still a Malaysian, his son can make use of the same loop hole and screw all Singaporeans for another generation!!! oh well, thats all in the past. i am not upset at him anymore. its not really his fault. its the government's for dangling out the wrong incentives. now i am upset at the govt for not giving me a job and HDB when i needed one, and for making it so difficult for me to buy a HDB from them now that I have private property!!! PAP OWES ME!!! GIMME MY HDB FLAT!!! OR EC ALSO CAN!!!
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PAP OWES ME!!! GIMME MY HDB FLAT!!! OR EC ALSO CAN!!!
I like Malaysia as compared to other countries that I have lived before..
The beaches, the people, the weather and so on.. the culture is also very similar. The difference is we make S$ and they make Rm.. (So when we are buying those houses at the time that locals shunt due to the record prices we are paying, hope they understand we are not fighting with them at all) From statistic there are more than 500K malaysians are working in Singapore.. I want to be like them, work here and live in Malaysia.
Malaysia --- truly asia!!!
Brain shorted? Haha that is funny, don't worry, i won't becos of one Malaysian born Amy Cheong think or say that all Msians talk like that and don't welcome Msians to Singapore. I welcome all Malaysian tourists or investors to spend more and buy more properties in SG!
tot u luv singapore... View attachment 10838
No lah, it is okay, yeah the flawed housing scheme benefited Msian SPRs almost exclusively as Msian SPR easily can have two siblings working in SG compared to other country SPR. The strange thing is all these years never heard Singaporeans tell or expect Msian SPRs to be appreciative or to behave to say good things of Singaporeans only (of course name calling is not allowed) when Msian SPRs have this BIG advantage. All we asked for is an equal chance to own a HDB...come to think of it, Singaporeans are really a generous bunch haha.
tot u luv singapore... View attachment 10838