Singaporeans buying residential units near Bukit Chagar station in Johor
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- čas přidán 10. 01. 2024
- Some Singaporeans are snapping up properties near the light rail system across the border as the project takes shape. Analysts are seeing home prices there grow up to 20 per cent in the last couple of years. But those in the industry say that while sales are picking up, some are still more cautious. Rebecca Metteo reports from Johor. Read more: cna.asia/41VellM
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Many Singaporeans cant invest locally due to ABSD and high prices. Especially HDB owners who are middle income. That is why they invest in JB, easier to manage than buying in Thailand or Vietnam. Also can use the unit for wkend stay or retirement.
Even after paying high ABSD the potential for price and rental appreciation is still higher in Singapore compared to JB. So sure when you have spare cash you can buy . But when you need cash when you retire or kids go to university or someone falling sick , can you sell your Malaysia property at a profit quickly?
you are a tourist, can't even open bank account, want to talk big buy house in Malaysia
@@MichaelLim0907 of course Singapord is better and that is where I invested. But I bought before ABSD was introduced. Malaysia is risky I agree. Buy for own use not for investment.
😂🤣 Be very careful. Unlike Singapore, Malaysia Government protect Malaysians interest. Its easy to jump in, difficult to jump out. There are lots of Malaysia JB projects that are still empty n unoccupied.
Lots of fees and local taxes.
@@leanne2330and robberies and burglaries .. once they know u locals u better be careful
@@kimchiba4570 really? 😂
@@kimchiba4570 you means robberis Cheap fuel then goyang goyang kereta.🤣🤣🤣🤣🤣🤣🤣
@asia.network5475 not quite. According to Msia Govt, Ron97 is sold at unsubsidized price . Its fair deal, no theft or robbery
Just remain optimistic, doesn't matter RTS is a game changer or not, you must assume many people would travel into Singapore by and settle in JB, so these Singaporean owned nearby properties are going to be in great demand, the owners are reaping big profit with their assets soon once the project is completed. 🤗🤗
either they are gong to raise the minimum sum purchase for foreigners, imposes higher real capital tax gain or a 60% stamp duty mimicking singapore. their locals will be able to buy cheaper housing and foreigners will be deterred to buy overpriced but loss-making property investment in johor. good thing is their properties will never appreciate high enough to inflate the cost of good and services in johor.
Good luck to these optimistic people! Good thing Singaporeans mostly are realist and pragmatic . The capital appreciation on these JB properties will not be able to cover the depreciating currency conversion and capital gain tax. Furthermore foreigners have to keep these properties for 5 years or suffer a huge capital gain tax. Malaysia do not have a good property maintenance program. After 5 years it will become a slump so how are these Singaporean property owners going to reap profits??
On Singapore side, if this RTS really ease the bottleneck, more Malaysian will stay in JB instead of renting in Singapore.
- This will drive down rental prices in Singapore, which also have a correlation to housing prices. We may see cheaper housing in years to come if this RTS really works as advertised. (Or some big moneybags will just manipulate market and keep prices up.)
- We may also see companies hire more Malaysians instead of locals.
- More retirees in Singapore will move to JB, bringing along their money to JB, spending there and not paying GST to Singapore Coffers,
Sounds like another Sinkie pawn Sinkie project.
- This means the losers are property owners in Singapore.
- This may mean more competitive job market, means lower wages or no job at all for everyone.
- Higher Taxes for sinkies to cover for the gap from leaving retirees.
But of course, our government probably did their math that we will be better with this project than without it. But I hope that calculation involve Sinkies getting better as well, not just Singapore's GDP.
Yes, we need to ensure no free pass for them to work here.
The rental in Singapore goes down, the rental in JB goes up. Once SG rental lower, demand starts picking up again. Until it reach an equilibrium between both side. Overall, rental in SG will reduce by a little I guess. So what if there is an MRT? This MRT is going to attract more people in other part of Malaysia to come to Singapore to work and the Jam start building up at the MRT immigration with long queue. Might as well rent in SG to enjoy a good night of sleep. It's worth it. Those who want to get Singapore PR or citizenship will still need to come to Singapore to incorporate their Companies or work in Singapore. That travelling time with the MRT is going to eat away sleeping time no matter how " fast " they said it would be because I believe the queue eventually would get longer and longer during peak hour. Actually I think the devil is in the Rules of the Special economic zone. How will tax revenue be split between the two cities? How to divide profit earn in the special economic zone? I am inclined to think that the MRT is only going to benefit Singaporean who goes to JB to shop. We just get to travel in a more comfortable MRT. As more Singaporean goes to JB to make purchase, the price will double or triple or just price slightly below Singapore price. Meaning buy more one time then worth the trip. The JB locals will be force to move out of JB near singapore as pricing is out of their reach. They will move further up north to escape the high price caused by Singaporean. In the end, Singapore merely pull an MRT over and we get to control that area economically. We win.
Good lah.. benefits Singaporean ❤
1. Can foreigners like Singaporeans own properties below RM1 million?? Are these properties another Country Garden in the play?? So now the new players are Singaporeans since Chinese have already learnt their lessons from investments in country garden.
2. Currency valuation plays an important role in property investments because a devaluation of RM can wipe out any gains.
3. Political landscape is another consideration. Frequently policy changes will affect your investments. If today Malaysia government allows Singaporean to invest in these units below the current RM1 million threshold but then revert back to give approvals after you have purchased them the impact is that these foreign owners will have to sell to locals because likely the value of these properties will not be above RM1 million so foreigners cannot buy them once the regulations have changed. Locals on the other hand will not buy them because the price per sq ft is too high compared to other developments targeting the local market.
3. Buying foreign properties based on political alliance is a dangerous venture because geo politics can change. Local government changed every few years. Immigration scheme can change just like the MM2H program from a deposit of RM150,000 to RM500,000 for silver, RM2 million for gold scheme and RM5 million for buying a hope to get PR in Malaysia.
4. So far I still cannot understand what Singapore government hope to achieve through this alliance other than access to cheap labour. What does Singapore gain from the SEZ in JB? There are no details in the alliance. Look at HSR linking KL to Singapore. The benefit is Singaporean access the IT talent in Cyberjaya as these professionals travel to Jurong area ( Singapore next CBD for IT) earn Singapore pay but live in KL. Once Malaysia government see the brain drain they will have react with tighter emigration and tax policies to retain and preserve their talent pool.
5. It is risky to buy foreign properties with the hope of retirement even before you get residency status in the country you are investing in. What happens if MM2H scheme is so restrictive that the deposit requirement is beyond your reach. Also imagine you place RM500,000 in the scheme and exchange rates depreciated the Malaysian currency by 20% you would have lost RM100,000 which may be half or 30% the investment sum in your property in Malaysia. Then you sit and wait the next 25 years for your property to appreciate 50% to recover your currency losses and itay never happen in your lifetime since you are a retired.
6. Of course you can pass on the property to your kids so have you studied the estate duties and inheritance law in Malaysia? Even if you have these are likely to change over time.
But u all doesnt want to make babies and the labor force will shrink at some point. Like it or not u will need to rely more & more on foreign workers. Which one is better, bringing in Bangladeshi that will corner out the affordable rental market or bringing in Malaysians who won't even be living there? Property prices in Singapore rental market are overpriced to begin with. This is a good punishment for the greedy property owner who is making unrealistic profits. We always love to blame the government except for ourselves.
I believe Singapore will be a much bigger winner than Malaysia. JB will see significant property prices appreciation without that much productivity growth. Those living in JB will most probably work in Singapore and wage growth will be stagnant. asset appreciation is going to outstrip wage growth. Singaporeans buying properties in JB will also phase out Malaysians from the property market. If anything this project is only going to boost Singapore more than Malaysia.
I believe there is another project that is going to be worse than this. It is the KL-HSR project. It will do nothing but increase property prices for both cities. I hope Malaysia never agrees to continue with this project. It is better for both countries if this project is abandoned.
Also must consider the potential value depreciation due to MYR currency drop.
If Singaporean going to purchase property in Malaysian Jordon Bahru in my opinion, in Singapore Government should work in Malaysia Government around visa status immigration, aspects, processing property process, including legal process and compliance, and a consumer protection etc
You cannot work together, so to speak with such Boleh land folks, especially in a MEGa way, If it could be done, many things would have be done tru this span of nearly 60 yrs. Those folks there keep flip flopping, mid way introduce rules and changes primarily to favor them Bumi and always wants to 'makan' the Singapore side in any dealings of commercial value.
It is the cultural and religious based sort of society they have there vs the open modern transparent society Singapore has , that had been why Singapore had attained such success on its own after leaving the Federation vs them being what they are, unable to come to terms of certain aspects of their cultural and religious beliefs that was the hinderance to their own progress.
there is regional travel policy proposal in the talks between Singapore and Malaysia, something akin to the Schengen policy in Europe where Singaporeans and Malaysians can traverse freely without needing to go through immigration
@@kengleetan63yup, very very open modern transparent society that you guys just buy every subsidies goods available from JB. Never see any developed country citizen do that😅
There is talk of LRT coming to JB. If that happens other areas in JB will benefit too . Returns in Malaysia arent comparable to SG. Not as secure or as profitable. So those who have millions ( in SGD) to spare will prefer SG. But If you dont have deep pockets and want to avoid ABSD , investing in SG property isnt easy.
There is a Singaporean who has a channel on investing in Malaysian property. Kelly Leow. Quite interesting.
I was curious before, but the more they promote it the more cautious I am. No guarantees the RTS will be completed. That it will be functional. JB's best malls have half-functioning toilets, some experienced blackouts and no water supply at times. And of course the Msian govt will try to fix sinkies.
I'm not saying don't buy but be even more cautious now.
I seriously hope it fails ...this wun benefit Singapore at all...dunno why our gahmen thinking ..they the Malaysian workers will still come , just make sure our currency and economy stay strong
Continue to stay cautious and watch from the sideline.
@@kimchiba4570yeah, we need to question gov that. No free pass for them to work in Sg. Honestly I hate their culture. A bunch of crooks.
It will be completed. All Malaysian rail projects have been completed like the ETS.
You r too pessimistic!
Living in JB only applies legally for the mmh2 or Malaysian.
R&F is 15 mins walk from the checkpoint... How is it in walking distance? Do they even know where's the RTS entrance?
Economy cake from Singapore 🇸🇬 Malaysia RTS-Link and the economic Singapore- Johor Zone is mutually sufficient , good, beneficial and viable for all .
Same song years ago
@@aplacecalltambun....sang the same song for Forrest city. Now only the birds there sing the tune!😆😆😆😆
johor chief minister considers policies to curb properties speculation due to up and coming sez and rts. this is to ensure locals are able to afford houses. unstable and flip-flop policy make property investment in malaysia a high risk.
That's the idea, of the win win saturation. Because the retail can produce their own products in their own manufacturing in special economic zones @ the same time sales the products in their Singapore retail shops here hopefully the shops retailers will bring down some price due to the inflation to the residence in Singapore for the old & poorer residents here !
Currently the same effect can be achieved by producing in low cost countries in China, Vietnam, Cambodia ..etc but did our prices come down.. These price reductions are insufficient to offset increases in real estate costs in Singapore. USA have kept inflation down for years by turning China into the world’S factory. These 2 countries are now competitors and rivals embarking on a never ending trade war. Can we afford to end up this way with our neighbours. After taking our capital, technology, talent pool would Malaysia still need us when the factories are on Malaysia soil…
You can enjoy the lower cost of living by RENTING
Did anyone ever make money from property in Malaysia other than the builders?
Forest city, buy 2 apartments you get the tower for free
Live in one, all your maintenance staff in the other
🤣🤣🤣🤣
No Singaporean has ever profited from buying Malaysia properties, because even if Malaysia property prices appreciate just look at how much the Ringgit depreciate, after converting back to SGD it'll definitely be a loss. Malaysia property is only recommended for people who don't mind losing money since it's so cheap anyways, but for investment any property in SG would appreciate more compared to any property in Malaysia, don't believe just look at the old HDB at central locations their prices are still rising every year despite the lease.
Malaysians would rather buy landed property than rent condos/apartments. And any Singaporean that wants to stay in Johore could surely afford to buy their own unit rather than renting! So for those Singaporean retirees who want to buy a property for their own stay, it would be a great idea considering the lower cost of living in Johore. But for rental income it's not really a great idea. Stop dreaming and start living!
no need talk so much like property genius. buy buy buy.. you think all malaysian own their own property? if the rail connection is good, there maybe other malaysians NOT from JB that will want to work in SG for few years and stay in JB to save money. these are the people who will rent in JB and stay just a few years just to work in SG and earn their SGD.
Can Singaporeans as a foreigner buy properties in JB for less than RM1 million ? Thought the minimum purchase by foreigners is RM1 million.
Many of the properties closer to CIQ already asking for over RM1million
@@chuan3675 oh even the small apartments? When you buy it at this price it will be difficult to find a buyer to take it off your hands 5 years later after the expiry of the period where the tax is not so prohibitive. Locals will not buy it . Given the lack of maintenance culture in Malaysia I do not know what state these properties will be in
Yes you can purchase units for less than RM1M if it's first hand sales from developer. Only if resale then 1M and above.
These residences are not suitable for retirement. 90% of the units are occupied by the malaysian who works in Singapore and many illegal foreigners living here. It's just a high class hostel for workers. Nothing great about it.
Imagine if HSR is still alive. More immediate economic benefits in Malaysia to their advantage. I dont know how the previous govt did their calculation to cancel that project. But that cancellation no loss to SG as all the demand is kept well within the borders of SG.
True Blue Singaporeans are being Replaced !!!! Despite Serving National Service For Generations, WE R CONNED
Congrats to Singapore & Malaysia, the properties in Malaysia are more affordable than Singapore 😊
But doesnt appreciate as fast and rental not as good
Interest rates in Malaysia are higher too If borrowing. But those who cant afford high prices in Singapore need to buy overseas. JB is safest choice, can go over easily to monitor.
Of course it's more affordable than SG, how to compare third world to first world, even the worst location HDB also more expensive than any condo in Malaysia.
@@contrarian2496 it is more about land scarcity. Singapore doesnt have such a big supply of land. Of course SG is also a First world and more developed country with more advanced economy . But land scarcity is main reason our prices are so high.
What’s the ROI ? Rental is never good in Malaysia for Condo, transportation sound good but how you travel to work
Renting in Jb is a good while. Investing in kl probably a worth while. Weekend in Penang or Huahin is an heavily while.
Door is open wide for foreigners, I pay 3 ringgit, you pay only 1 SGD...why not ? Good deal lah
looking at rental income is usually fallacy, because ringgit currency keeps dropping. Also their policies can change with re-election and stop of the "rail" again.
You are absolutely right. Also forget about ‘investing’ because the capital gain is largely eroded by forex. Most worryingly is the political uncertainty. If you get another firebrand dude like Mahathir, you will get sleepless nights worrying about discriminating policies against foreign ownership.
The gov there keep roti prata, favoring Bumi, you locals here dare invest?
Don't be so pessimistic the project is already 65%complete, Malaysia just can't walk away fr it !
@@PeterLee-it4bf I think it’s near completion, not merely 65% (don’t know where you got that figure from) but what’s more important to note is these projects started many years ago after Mahathir stepped down. He was very anti-Singapore and insisted on a crooked bridge (if you remember). He was also against HSR despite the high demand (air traffic between KL-SG is the busiest in the world). After Najib was toppled, all these projects were frozen pending review (aka renegotiate hush deals). After much delay, all these projects are back on track under Anwar’s shaky coalition government.
So when you say Malaysia just can’t walk away … I chuckled. Problem with many Singaporeans like you is to analyse from Singapore’s perspective. Bro, ‘Malaysia Boleh’ is a slogan for a good reason 😂
True it is risky. But how many Singaporeans can afford a second property in Singapore , a private property ? Also there is high ABSD. Singaporeans who want to invest in property have to look abroad. At least JB is easier to manage. That is how some think. Nowhere to park money. Especially for the not so rich. Middle incomers .
There are also those who can only afford hdb in Singapore. So they buy to enjoy condo lifestyle in JB. Stay there on wkends and for retirement.
escalators or belts like those in airports, can increase the total amount of travelers per hour. and it is much cheaper.
Yes, the property prices will go up but the exchange rates of Malaysia Ringkets will likely to depreciate against SGD.
Congrats to Singapore and Malaysia. Win win 👏🎉
How?😂
@@deschan2246coz we can steal every subsidy product from JB … we plan long time ago … ur country never learn the lessons 😂😂😂😂😂
as a Malaysia NOT staying in Johor.. we know who win [ as always do ]] ----- Kiasuland ;
@@malikqierien997You're still one of us you know. Just not the governing side😅
@@ssrae-2229 In this case both Malaysian (Staying in Johor) and Singaporeans Win. With this Johor can slowly be on par with Singapore
Wise decision by Sporeans to buy properties in JB. Johor is developing by leaps and bounce under the wise administration of the new MB!
This MB is grandson of Tun Hussein Onn. His great grandfather Onn bin Jaafar founded UMNO and was mentoring besar too, like his own father. Many generations served as MB. This MB is a future PM candidate. He has a lot of potential.
But property purchase in Johor isn't without risks especially for foreigners.
Now buy is 3.47rm to 1 sgd … guess what?
In no time it become 1sgd to 4rm then the property depreciate till rock bottom then make a great loss including interest …
Smart move or wrong decision ?
Only assets to buy from Malaysia is not really on property … make a wise decision and not wrong decision
To stay is good. To buy sell, there's lots of tax and fee. No money.
Singapore make belief country. Reportedly so rich. Currency so strong. Yet NAS reportedly spent US30 billion to prop up. But food essentials no cheaper. So long weekends families by the droves up north to buy the week supplies... enjoy scenery..eat. N RTS reported 65 pc on target...but examine the in roads of many housing estates n look at the condition s.
So two three days ago special economic zone..than RTS... Today Many sgs buying homes there.
Something not so new..same type of news..during the Golden triangle period.... during the second causeway link.... Singaporeans also snapped up
Singaporean hdb,housing are 90% singaporean.mostly less them 70 years for resales hdb.down the road who is going maintenance the estate,who is going to buy resales ..are bank going to give you mortgage loans ,the older the hose is the higher the interest and insurance cost would kill you.🙏🙏🙏
Yes!
My concern is a lot of Malaysian will come to Singapore to work. Their salaries will definitely lower than Singaporean then employers still want to hire Singaporean or Malaysian
Once the malaysia government say singaporean,are welcome to get malaysia pr...for those parent are born in malaysia before 1965.their children can apply for malaysia pr..i would go first.why start in s'pore.i m asking the malaysia government ,to allow parent or person that born before 1965 s'pore independent.to allow to get malaysia pr.🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
yup very true as i think malaysia shud raise this issue
Rental????😂 who is going to rent? 😂 Malaysians will not rent, foreigners prefer to stay in hotels, which is cheap n good. Malaysia land are in abundance and lots of development still empty.
Rent out to Workers in jb commuting to sg for work daily will love the proximity
Agree with you (see, I don’t always call you stupid 😂). There are an obvious oversupply of condo units in major cities, not just JB. Many entrepreneurs set up companies and rent out these units via AirBnB. Potential Singapore buyers should be very cautious if they want to buy for investment.
Never trust Malaysia Govt
@jaimelee4853 Malaysia govt protect Malaysians interest. Singapore govt dont protect Singaporeans interest. Who should you trust?
@@deschan2246 Singapore government doesn’t protect Singaporeans’ interests? OK, give examples.
We welcome singaporean to spend in malaysia
no maintenance will be a big problem. They will build half way and never finish the project.
Not a good idea, rental in Malaysia is very cheap. People who buy usually have too much money
Why don't buy property at woodlands? I would still think that the properties in Singapore will increase more. For Singaporean buying jb properties will face the risk of conversion and local economy and low local demand. Unless, jobs are shifted to jb then I would think that it is better to invest in Singapore property.
Sporean can rent out the jb home to people there commuting daily coming to work in sg
@fidelcatsro6948 Many johoreans will go back to their home. Why would they rent? So rental demend by local might not be that high. Unless the population in jb surges a lot, if not property price will be stagnant or increase slowly.. so then you will have currency conversion risk.
@@renaturerelaxationchannel4800 many mesians working here are from many states in mesia, not all from johor, they live in rental homes in jb
@@fidelcatsro6948Places like R&F aren't really viable to rent to workers, more like for Airbnb apartments.
@@fidelcatsro6948people have been thinking like this since the late 70’s lah. Moreover think about it, what’s the difference between commuting from JB city vs Skudai to work in SG? The bottleneck is the checkpoint so renting a condo in JB city is more expensive with not much time-saving.
Foreigners relacing singaporeans in sungapore , sungaporeans are done rectlt and indirectly forced to leave sungapore .
Big company like e-commerce;are cut down staff,do thay need to explain why .....so there is no comfirmation in you or why.🙏
Local properties around Bt Changar have appreciated to above 1 million ringgit. It might rise above 2 millions by 2026. What are you, Singapore waiting for?
Be careful buying apartment in JB
YB Loke please do these 4 things:
(i) raise the entry toll for Singaporean cars to RM100 at Johor when they enter so that they won't keep taking advantage of Malaysians and Malaysia, this will prevent them from keep buying Malaysia's subsidised items and bring them back to Singapore
(ii) if Singaporean cars found to be pumping RON95, haul them to court straight and if found guilty impose jail sentence, that will deter them from stealing our subsidies , at the moment petrol stations are being fined and this is stupid, should punish the culprit instead
(ii) Singaporeans must pay 400% additional buyer stamp duty when buying houses in Johor, if buy RM1mil, must pay RM4mil taxes, this will also protect locals and prevent them from taking advantage
(iv) Singaporean cars shouldn't be allowed to pump RON97 (because it is still significantly cheaper than pumping in Singapore), so create a levy so that all Singaporean cars if pump petrol in Malaysia, must pay minimum RM10 per litre for petrol, this for sure will prevent abuse and Malaysians being taken advantage of and a great source of revenue for government
all these measures will protect locals' interest
I am not sure how Singapore will benefit from the SEZ . I understand that Johor has much to gain from it. For Singapore every $ spent by Singaporeans and Singapore residents the Singapore government looses 9 cents. Some argued that when Singapore companies start a factory in Malaysia the price of goods sold in Singapore retail shops will fall. The biggest cost in retail shop is rental. The cost savings of a cheaper factory and lower logistics cost will not be able to support increases in Singapore shop rentals. The same effect of manufacturing I lower cost countries can be achieved in Vietnam, Laos ,,etc but Singapore retailers have not done it for good reasons so why do it in the SEZ. The real benefit for Singapore lies on the cheap foreign labour from Johor and subsequently from places like Cyberjaya for IT personnel and professionals in KL once the HSR is operational. Imagine once Singapore companies build their factories in SEZ, put in the capital, transfer the technology and expertise, trained the local workforce will Johor still need us. Singapore was kicked out of the Federation for much less so like LKY said he would not want to be kicked out a second time. Look at USA and globalisation planting factories in China making China the factory to the world so that the Americans can have lower inflation with cheap goods flowing from China. Where are these 2 countries at today. They are competitors, rivals engaged in a massive trade war. Do we want to end up this way with our neighbours. Yes RTS and HSR will improve transportation and flow of people between the 2 countries. But once Malaysia realise their talent pool is fast depleting, taxes will increase for those Malaysians working in Singapore, borders will tighten with restrictive immigration policies ( even foreign retirees are not spared from this today after uprooting and buying properties and living and making Malaysia their home for 20 years. Retirees are permanent tourists contributing to the Malaysian economy and not taking away any jobs from Malaysians) . So imagine when Singapore starts to attract Malaysian professionals with higher pay ( due to currency exchange rates) beyond Johor because of ease of transport provided by HSR how will the Malaysian government react?.Both countries will suffer because Malaysia looses their talent while Singapore professionals face more competition from her neighbours.
Wait till the border close again and see 😊
I am a Singaporean been living in Malaysia for the past 30 years, there are pros and cons living in Malaysia. But i dont regret living in malaysia. Few tips for singaporeans in malaysia,
Blend in, be lowprofile ( so nobody will rob you). Cctv & alarm system is a must. use malaysia plate vehicle. be kind to your neighbours. Dont be kiasu or show our kiasuness in front of everbody. Be polite kind and generous to the locals or malaysian. Make new friends. malaysians dont hate singaporeans like most of us think.
Too much cash and can't do much with the escalating ABSD so invest in properties near RTS sites is the wisest thing to do! Moreover it's really affordable now!
i have no idea how to react as malaysian who stayed in KL.
ringgit has been dropping constantly, it is offsetting the property appreciation.
Buyers n Investors continue to snap up lands n EC as they know Singapore Growth is more than 9 percent GST. Why is singapores property so popular, this is a big secret
OMG 😳 it's so cheap Sia
Hope will rise a lot in value over the next few years.
Buying Malaysia property, will only benefit the property agents & the developers in Malaysia. It's worn Benefit foreigners, unless you are Malaysian. This is why when you buy the property there, you need to pay the foreign property tax only for Malaysian is free!
Not necessarily. Some developers are from SG.
But in fairness since when do foreigners get equal benefits to locals, foreigners will always be taxed more if not what's the benefit of being a local, so foreigners will have to decide whether the additional costs is worth it.
Why need to buy a property in Malaysia? even its very cheap at $250 but you will be better off with $730 Woodlands condos.
730 only for the single room 😂
Mostly for rental no intention to stay there...dont interview retirees n those who r rich
Even my msian friend told me to be very careful coz their laws are not fixed, their laws can change anytime and arrest u, and many checkpoints officers are not happy with spore passport in-and-out regularly, they will come up with some innocent reasons and laws to arrest u as well
If Malaysia politic changed again(Anwar and gang got dropped by blackout tricks and such again), these buyers will cry again. Some Silly Sgreans are still having pain from the scars 10 years back and recent Forest City ghost town.
not too worry about annuar as sultan johor are the king of malaysia officially fr feb 2024 onwards also johor are well taken care by johor royal family..we are johorian always trust our beloved sultan johor
Malaysians will definitely be upset when foreigners buy properties for rental income. Many Malaysians cannot afford homes due to high prices and stagnant incomes. Note this risk if Singaporeans buy more than one property for rental revenue.
Singaporeans complain property prices too high bidded up by rich Chinese nationals but they are doing the same for JB properties
This congestion problem already many years everyday especially during holidays
Malaysian authority shouldn't sell property to foreigners whom will not stay there after purchase!!!
Even now Singapore employers not willing to provide accomodation to Malaysians! & This kind sale that's not retirement purpose, is pushing unaffordable malaysians far from JB!!! Eventually this will lead to unhealthy working environment for Malaysians in Singapore!!!
whats the point? the japanese pull out from the rail project.
Not buying now
This project is kinda ok. I can see some gain with it. But the KL-Singapore HSR prpject should be abandoned. It will create nothing other than a property bubble.
Buy liao ,later become Forrest City Part 2!😆😆😆
Why Sgporean doesn’t want to stay at Batam, which is even more affordable?
Cost of food in Batam is Singapore price n no pork is sold in most supermarkets able to find only in wet market .visited Batam last year for 1 week plus .
Some unfriendy neighbors might place a floor mat printed with letters found in KK mart then u and your property will be in big trouble.
Rental in Ringgit? Tx but no thx
Chinese Singapore debt trap.
They can just change goalposts anytime they like.
My msian friend is earning 1.2K rental from Aliff condo and 1K from Senai Garden, after so many years, still, need to come up with cash from monthly housing loan repayment 😢 making losses every month.
Two tips for noob Singaporeans without experience in buying properties overseas. Look out for two simole but important things in life.
Tip#1 Always wait for the office skyscrapper buildings to be cimpleted first and the global mncs have move in then you go and buy yiur houses. Without a commercial business district in the area your house value wont climb up and you wont be able to rent out high to high income tenants either.
Tip#2 Always remember malaysia ringgit always slide down and never climb back uo in life. Whatever amount you pay today you will suffer loss in the future when the currency exchange rate start to worsen again.
Malaysia properties are only good for use as summer homes and retirement units only.
Maintenance of the buildings are unlike Sg. In 1 decade, your apt building will look rundown compared to the newer ones and ppl will prefer to buy or rent the newer ones. Read the terms and conditions about selling your apt if you have the intention to do so in future. How long is the lease ?
Yes. You are correct. Maintenance fees,repairs,lease rot, property tax and visa permits etc. A property owner have to be mindful and remember all these things all the time.
Buying property although is seen as a popular and good way to safeguard and park wealth in it rather than putting it in banks. But unlike buying gold which don't need maintenance at all and will still look just like the day you bought it a house have alot of hidden costs and maintenance to upkeep over time and you need the property market and economy to be doing well in order for you to have a healthy income or use other people mo eh to help you pay for it and upkeep it. Malaysia don't have these conditions. Just go to their most thriving cities and stay in the highest building in the most posh districts. You won't see much office skyscrappers at all. It will take several years to decades to transform the landscape . People won't have time to stay alive to wait for all these to happen and be completed.
Always remember, unless you pay cash, a depreciating currency also means installments get lower, also don't always think RM would keep depreciating, RM has been sticking recently and not falling.
@@anglo-saxonconnor817regarding your tip#1: offices are mobile and companies will simply relocate. This is especially true for JB which is not a major commercial centre compared to KL or Singapore. Tip #2: if you are so confident about depreciation RM, then might as well deal with Forex instead of overseas properties. Currency is tied to the economy of that country and Malaysia has a lot of potential (way more than Singapore) but is bogged down by domestic politics.
If Malaysia get their house in order (like with a dominant party example PAP or CCP) then they will boom. 😂you are likely right about the sliding down. I just don’t agree with forever 😂
Those who think they can work in JB and earn Singapore salaries better be careful of tax implications. You are supposed to pay tax on where you work physically not based on the location of the hiring company. If you are working in JB then you could be liable to pay Malaysian taxes which should be at a higher tax rate than Singapore.
These SG buyers will have to watch the MY changing housing rules over and over.
_Those Condo and service- apartments are not affordable to Malaysians_
smart singaporian will choose to buy condo or landed house in Jb thats close to rts bcoz can save alots of money..think back..until when singaporian will stuck mostly in a square hdb flat??make a better living for future after all jb-sg are so near..happy living❤❤
hihi, ada udang di sebalik mee. Moge Anwo betul la dgn rncgn dia.
1:02 Good idea la. Use MYR rental income to spend in JB.
ha ha problem there is no income only lossess
what about chinese invested Ghost city project hope any ?
20k unit sold but not many living there. If Malaysia remove the mm2h restriction then we can see some organic population.
@@KPPO200 Ha ha Malaysia just removed or suspended the MM2H together with all the agents. I pity the agtents they have to pay rent and staff but there is no MM2H scheme to apply. In the last few years Malaysian government is constantly revising the scheme making it more restrictie and expensive because they want QUALITY retirees
My personal opinion...Buying properties in Malaysia is very risky due to their unstable policy. Another thing is foreigners could not get much compared to local malaysian when it comes to taxation. Their government will milk u like crazy for money
HDB is that way sir
High rental yields…
Pushing citizens outside of country to get cheaper housing
i think most of them who buy are investors.
@@rinky_dinky Are you a foreigner?A lot of Singaporeans own housing in JB even before this project is around
@@profitmuhammed yes I am ...sorry I live in YISHUN
This Guest speaker not professional.
"Yeah, ok, yeah !"
Johor Bahru darul Temasek! tahniah semua!
The central concern revolves around Malaysia's ability to effectively execute its plans, considering its historical tendency to exhibit policy inconsistency. Both Malaysia and Indonesia, particularly in the case of Batam, have faced challenges in fully realizing their developmental potential. The pervasive issue of wavering policies has, in the past, impeded their progress. The pertinent question now arises: What factors suggest that this time could mark a departure from the historical pattern of unrealized potential and policy reversals?
A new factor called Annar Ibrahim?? Ha ha
@@MichaelLim0907 Until the mindset of Malays changes, Malay politicians (Mahathir is just one of many) will be able to play on religion and race issues and screw things up.
At 66 he should leave the units for the younger generation and not hoover up housing inventory for “investment”
Lots of Gong Kia Singaporeans
So Singaporeams HV no choice to buy JB property
Just too bad, Johor is not Shenzhen.
Ha ha ha!
True Hong Kong and Shenzhen is one country
Locals do not bothered. Only kiasu Singaporeans that are put off by high cost of living in Singapore
Singapore hdb flats re too expensive to own.
It is wise to buy in johor cos people and enjoy life with singapore dollars.
Thanks you CNA👍
Is that a doctor with such input and poor command of economic knowledge on national TV? I seriously doubt so.
A potential catastrophe brewing
If its good, the rich locals would have bought lah...
Singapore military is strongest around the region
This elderly couple is mostly ex-malaysian
Don't count the chickens before they hatch...
The party is over already in Singapore.