Living in JB 2 (Johore)

[Funds Transfer]

I think i must be quite lucky today, a long trailer blew its tyres right in front of me at Tuas. Morning time at Alexandra area, 2 cars merged into the centre lane, one from the left, one from the right. Both not looking, both driving very fast. Finally, after at least 2 years of silence, i had to press the horn and decelerated after checking no one was at my six. Luckily for them i warned them as one was not even looking and would have smashed into the other.

Thank God for that, bro!
Please drive carefully. There are many drivers in Singapore who are 'stressed' by too many things.

I am one of them since I am living here too. :*:

 

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true lor , haiz ... sinkie so pathetic , no place to welcome them ... and our dear mr pinky still wants us to integrate with the new citizens and immigrants!
but in jb , we never disturb or annoy them at all , we have min 500k to buy the properties , we are not fighting houses with them .... they have to be a little open lor ....

Yes, as guests of Malaysia, we should always play to the rules of the land. We should also integrate and be part of the community and not the other way round.

Our Great Leaders in Singapore seems to be advocating the other way round; let Singaporeans kow-tow to the Foreign Talents.

What to do when the 'talented ones' think like this...."Our jobs as leaders is NOT to provide the answers but to bring out the answers from everybody, that is perhaps already in their minds. THAT is how I see my role." - Chan Chun Seng on 21 July 2012

 

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If this happens here as in nuclear meltdown, no one, not even the detractors in SG will be laughing.
Everyone will still glow in the dark unless you live in a shelter aka Fallout style.

Time to look at Plan B?

Australia or New Zealand beckons.

 

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To add on... This is very real, my bro in law became a taxi driver in his late 30,s, he is a graduate n have been working as an engineer since he gratuated n with the same company, his loyalty was being taken for granted and was being kicked around in the company doing those work that no one is interested. They took in the younger FT. He was fed up, left n took closed to a year , couldn't get a job was so depressed n took up the taxi driver job.. After months of being one he managed to get an engineering job with much lower salary. Till date he still keeps his taxi licence.

I worry about the next generation who may not even get off their starting blocks.

But for the current cohort, we need to look at alternative passive income and constantly look towards pseudo-hinterlands like Johor as a means to lower our cost of living or a place to rebuild one's fortunes that may be lost due to the Government's undoing.

 

[DREAMorACTION]

So, it's at last concluded. I presumed it's that same house? Happy for you, bro.

Good to hear such reality calls to bring us back to the earth..

I just sign S&P for a new humble house.. Even if market crash, or if there is no rental yield, I am fine..

 

[DREAMorACTION]

Seeing the latest few posts by Bro Wuqi has reminded me why I was here in the first place. I shouldn't had got too emotional and got myself too upset… sorry about that. Will refocus on the objectives again. Thanks all for your PMs

 

[wuqi256]

So, it's at last concluded. I presumed it's that same house? Happy for you, bro.

Welcome back bro DOA! Glad you are back with us.

 

[wuqi256]

Yes, as guests of Malaysia, we should always play to the rules of the land. We should also integrate and be part of the community and not the other way round.

Our Great Leaders in Singapore seems to be advocating the other way round; let Singaporeans kow-tow to the Foreign Talents.

What to do when the 'talented ones' think like this...."Our jobs as leaders is NOT to provide the answers but to bring out the answers from everybody, that is perhaps already in their minds. THAT is how I see my role." - Chan Chun Seng on 21 July 2012

反客为主 - Is exactly what has happened in Singapore, Singaporeans now become the guest rather the hosts when they are even told by their "guests" not to complain and just silently and quietly accept their lot in life.

Agree wholeheartedly, i always respect the laws of whichever land i am in so when in Malaysia, respect the laws of Malaysia. This place really has a lot of untapped potential and still a lot can be done. Again we brought would be investors for tours around as well as people interested in housing here. Some friends
of mine also chipped in to help.

A learned local Dr recently remarked he may write to some government body for me as he joked i should get an honourary something for my efforts.
I respectfully declined as i have done nothing much but i added, even just a PR will be good enough.

Actually my observation, recently saw an influx of Europeans here, some really loved it to the extent that tenants have asked their landlords to buy over their units and one of them, even just placed a deposit for a car here.

 

[wuqi256]

Seeing the latest few posts by Bro Wuqi has reminded me why I was here in the first place. I shouldn't had got too emotional and got myself too upset… sorry about that. Will refocus on the objectives again. Thanks all for your PMs

Please don't be bro, the clone is gone but the other clone has already started posting after that with yet another.
You can't beat them so just don't be baited, we don't have time for this.

 

[DREAMorACTION]

I guess Japanese is now the top on the list? Followed by PRC? The population of the caucasians is increasing too, albeit at a slower pace. I usually had the chance to bum into a few of them at the shopping malls on the weekends.

Thanks, its sad however, the amount of misinformation that is out there in the market and thinks that Singaporeans are the sole reason why prices have gone up. Ask any banker worth his or her salt in the major banks to find out if truly its just Singaporeans that are buying and fueling the rise. I did ask again recently and got a shock.

If one buys on the assumption that one will be staying in it, one will never go too far wrong as worst case, just use it for original plan. Like what a learned professor (yes Sir Analytical Professor) always pointed out, there will always be changes and things may go south one day. For those intending for own stay or for own sons/daughters(yes me), then i think they are in a safer zone.

 

[wuqi256]

I worry about the next generation who may not even get off their starting blocks.

But for the current cohort, we need to look at alternative passive income and constantly look towards pseudo-hinterlands like Johor as a means to lower our cost of living or a place to rebuild one's fortunes that may be lost due to the Government's undoing.

Yes it is scary, have to give them something to fall back on as if they fall in SG, it will be very serious. I see lots of people starting businesses here in Johore, as they are more risk taking and also they feel more comfortable that even if they fall, they can easily pick themselves up again.

 

[DREAMorACTION]

It's ok … Be a bit more patience. When our houses are ready, we can get a local second hand car and blend in even more. I'm definitely not going to sympathize myself over this ….

true lor , haiz ... sinkie so pathetic , no place to welcome them ... and our dear mr pinky still wants us to integrate with the new citizens and immigrants!
but in jb , we never disturb or annoy them at all , we have min 500k to buy the properties , we are not fighting houses with them .... they have to be a little open lor ....

 

[DREAMorACTION]

Yes, bro. Lesson learned. Big lesson indeed. Will exercise more care from now on. Suspect the clone also PMed me but i'm just not gonna reply.

Please don't be bro, the clone is gone but the other clone has already started posting after that with yet another.
You can't beat them so just don't be baited, we don't have time for this.

 

[wuqi256]

I guess Japanese is now the top on the list? Followed by PRC? The population of the caucasians is increasing too, albeit at a slower pace. I usually had the chance to bum into a few of them at the shopping malls on the weekends.

Close, it seems unknown to most of us, Japan has an internal rating and seems Malaysia is on their top ten list, 6 or something according to a very learned bro.
Folks from East Asia, out of the region as well as locals make up the bulk of sales, folks from SG don't even come anyway close.

 

[wuqi256]

Originally Posted by crystal_tiong
true lor , haiz ... sinkie so pathetic , no place to welcome them ... and our dear mr pinky still wants us to integrate with the new citizens and immigrants!
but in jb , we never disturb or annoy them at all , we have min 500k to buy the properties , we are not fighting houses with them .... they have to be a little open lor ....


Sis crystal, i think you were just unlucky to met up with those from up north who are more insulated and don't get much exposed to the world at large. This is what my local friend told me about the differences in general attitude.

I must say at least 90% of the people i met here are all good people. Some even better than quite a few of my friends and definitely better than most of the relatives back in Singapore.

For someone who always admires loyalty and friendship, i feel very happy here. Recently at a gathering where good friends were here, i jokingly said if a bomb falls on all of us now, no one would be at my funeral already.

 

[DREAMorACTION]

Interesting views from a pure Investor's perspective. You live up by your name, bro …

The magnetic effect of the upcoming legoland is already drawing quite some attentions. Some of my colleagues that have never shown interests in JB like suddenly woke up from their sleep and asked me quite a lot bout the properties in nusajaya lately. Some of them have not even been to JPO yet but they are now showing interests because of legoland. I dont quite get what they have in their mind. Intention to buy property led by the hype of a theme park, can you understand it?

Brilliant, you are very sharp indeed.

I'm one of those investors who came in betting purely on the factor which you've mentioned above. There are opportunities in every situation, it's how you find it. When I invested in Nusajaya in late 2010, I didn't look at whether or not there'll be rental demand, nor was I concerned that Nusajaya needs to be very successful, in terms of having critical mass and having enough high paying jobs for locals, in order for me to make profit from this investment. That's because I can bet solely on the increase in demand from Singaporeans, as more of us get to know Nusajaya, to make handsome profit in the million(of course that depends on your invested amount).

To talk about Nusajaya having the need to be so successful isn't wrong because you guys are talking about long term sustainability. I respect you guys, including our old friend Analytical Professor who brought this up long ago, for having such detailed knowledge and professional view points about sustainability of a city. But when this opportunity is viewed in an investment point of view, which is ultimately to make profit and nothing else, there's no need to hope for Nusajaya to be very successful in order for us to make handsome profit.

There are opportunities even at present prices. You have mentioned about the current high prices but prices varies quite greatly from different type of products. For example, I would agree that;
- High-end condos at RM 1,000 psf is high (RM2 mil for a 4 rooms unit with 2,000 sq ft built-up)
- But high-end landed at RM 300 psf is not high (only around RM 0.8 mil for terraces with 4+1 bedrooms and 2,700 sq ft).

Even if a serious crisis hits and Singapore's property prices drop by say 40% to something like S$480 psf for landed. RM300 psf for a high-end terrace in Nusajaya which converts to S$120 psf is still just 25% of prices in Sg, that is still a very good bargain for Singaporeans. I would say that, in the next 2 years, there is still a room of at least 30% increase in price for such landed in Nusajaya and this price can easily be reached as the number of Singaporeans who will get to know and visit Nusajaya will be hundreds of times more than the present numbers when Nusajaya comes alive this Sept and with good reasons(like theme parks and shopping) for Singaporeans to visit. Yes, potential upcoming supplies can be a factor to suppress price, that's why we have to choose the prime land in Nusajaya's city center which are limited. I think undeveloped land in such prime area will be built with more condos instead of landed because landed developments are land consuming. Other high-end landed can only be built further away from the city center(even 2km is considered further out already). Sometimes even right across a street, prices can be a lot lower due to lack of crowd.

Prime land but which development?
That specific development but which unit?
Landed properties but terrace, semi-d or bungalow?
All those decisions will yield different returns too.

 

[wuqi256]

Time to look at Plan B?

Australia or New Zealand beckons.

Seriously if they do go ahead with it, i would think living in both Johore and SG would be both truly untenable and i would suggest to my local and Singaporeans friends to make the next move.

 

[wuqi256]

Interesting views from a pure Investor's perspective. You live up by your name, bro …

The magnetic effect of the upcoming legoland is already drawing quite some attentions. Some of my colleagues that have never shown interests in JB like suddenly woke up from their sleep and asked me quite a lot bout the properties in nusajaya lately. Some of them have not even been to JPO yet but they are now showing interests because of legoland. I dont quite get what they have in their mind. Intention to buy property led by the hype of a theme park, can you understand it?

He is right on the money, in September as well, changes in SG will divert yet still more investment funds here.

 

[DREAMorACTION]

1100 psf is really mind boggling. Very few of these recent new launches are a blend in of an existing township. They are trying to create an identity on their own within an established township. For a green field, the initial launch with its first project is already demanding this kind of price. What's down the road and what can be built to further nurture the new township?

Newbie raised some good points about prices here, etc. Agree with some of the points but if we only look at this place for own stay, i seriously don't see where we can go far wrong. Only if one buys too many, is leveraged to the hilt and exceeds ones own income by a certain percentage, etc.

There are already several properties i have seen that deserves a red flag but problem is too many people are buying into them now. One sold
100 plus units out of 2xx plus available.

Using KL prices as a guideline, it should not exceed too much if one uses psf as a general guideline yet some are already 1100 psf. I normally would not go for anything above 500-600 psf.

All my investments until today, none of them ever exceeds 500 psf even the most recent one. Even my commercial ones never reached anything near 1100 psf. Once you cross the 1000 psf mark, i would humbly think its akin to crossing the shark line protecting the beach.

 

[DREAMorACTION]

oh no … more red flags?

I also planted a lot of red flags mainly due to the prices more than any other factors ...

Newbie raised some good points about prices here, etc. Agree with some of the points but if we only look at this place for own stay, i seriously don't see where we can go far wrong. Only if one buys too many, is leveraged to the hilt and exceeds ones own income by a certain percentage, etc.

There are already several properties i have seen that deserves a red flag but problem is too many people are buying into them now. One sold
100 plus units out of 2xx plus available.

Using KL prices as a guideline, it should not exceed too much if one uses psf as a general guideline yet some are already 1100 psf. I normally would not go for anything above 500-600 psf.

All my investments until today, none of them ever exceeds 500 psf even the most recent one. Even my commercial ones never reached anything near 1100 psf. Once you cross the 1000 psf mark, i would humbly think its akin to crossing the shark line protecting the beach.