Yes hope for the best, but if really 900k come down, then you better worry because majority will be down and out and cannot afford Singapore. My parents own car and can drive, they do come down to JB to enjoy the lower cost lifestyle but would never stay in JB because they can afford to live in Singapore and drive to JB whenever they want to enjoy the varied lifestyle, in fact they just drove down yesterday and I think my dad's mechanic in Singapore just lost a customer.
-
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.
Puteri Harbour Community
- Thread starter Qube3
- Start date
Yes hope for the best, but if really 900k come down, then you better worry because majority will be down and out and cannot afford Singapore. My parents own car and can drive, they do come down to JB to enjoy the lower cost lifestyle but would never stay in JB because they can afford to live in Singapore and drive to JB whenever they want to enjoy the varied lifestyle, in fact they just drove down yesterday and I think my dad's mechanic in Singapore just lost a customer.
I always put absolute worst case scenario whenever I want to invest and then ask myself if it is acceptable to me, if the answer is yes, then I will proceed.
Seems like a suicidal move to me...the RM500K minimum sum was a good enough requirement....in my opinion...
If 900k come down, why shd I worry ? those cannot afford n down & out in SG can become a dragon in JB . just rent out their HDB will do.
Ha ha you want me to throw another worse case scenario, which I was keeping in my earlier post if you noticed.
Yah, so thank the Malaysian Govt for being too protectionist. I agree RM500k barrier is good enough.
No worries. You are definitely going to rent. No need to analyse.
Aya not me or you lah, this is for others to ponder before entering.
I'm not advocating investing in multiple properties there, no! What I am saying is that if you like PH and want to get a place there, it's not a bad but. S$400k for a 1200sq ft 30+ floor freehold condo is good anywhere...particularly for somewhere within 45 mins (on a great day) of SG, with the simplest links to batam and bintan possible. But I think there will be better opportunities to come into the market in 3-5 years as properties top out, rental yields disappoint and interest rates rise.
In 10 years, I would like to think that Johor state has encouraged good corporate FDI. It won't be Singapore, but it could start to become a very viable 'new city'. Dubai came from nowhere. They'll have to really have much better joined-up investor friendly policy though.
Bottom online, 1 property is ok if for you. Multiple for investment....very likely not.
Hi...Nice to hear from you again. I didn't mention you advocated owning multiple properties in Iskandar?
But I do know of one guy in the forum who had said he bought a house and 2-3 condos there cos of his enthusiasm that Iskandar will do well and he wants to go against the thinking of the general public. I personally don't think it's wise based on his reasoning but if he has the money, I suppose no one can stop him.I think before buying a property, one has to establish his or her position first. Are you an investor who wants to make a sensible choice while managing the exposure to risks, or are you a buyer who doesn't need facts/data to justify your purchase cos you are a multi-millionaire, or are you going to live there, etc?
Iskandar is only one of many examples of housing that is cheaper compared to Singapore. If you look at other countries, you can also buy say a 3,000sq ft house with a nice garden for S$400k. But will you rush to buy the property there? Maybe yes, or maybe not. It all depends on your position as I mentioned above. If you think if you are rich enough, even though the place is not well-known, you might buy. Another buyer who thinks the country is too far away or has political instability will likely not buy.
The bottom line is, it doesn't do justice to rush out to buy a property just because it is so much cheaper than Singapore's or because it is near to us. I'm looking from the point of view of a sensible investor with limited capital who wants to put this money to wise use. We are surrounded by other 3rd world countries other than Malaysia. There are also other properties around us which are so much cheaper.
I do understand that some are confident about Iskandar because of the plans that are in place and things that will be set up there. But as an investor, I would go beyond that. To me, I have to see my needs and objectives are met first. I'm not going to care first about how many businesses will be set up there, that a wellness center, hospital, etc will be there. My Number 1 concern is: When I buy that property, I want it to make money for me. If it doesn't, it is a liability and it will cause me to be poorer.
So if Iskandar is being developed, what then could go wrong with investing a home there? The problem with it is, as I've explained, the supply of properties is far too many compared to the amenities and businesses being built. Before one business is completed, a few new residential projects come in. When they are completed, more condos are built, but the demand cannot catch with up the supply. So how can the property make money? I've just read in Medini, another new mixed development with a lot more residential units is coming up. This is even before the thousands of new condos have completed! That's not a good sign for an investor. Because it will mean rental will suffer. As it is, rental is bad now. So projecting several years down the road, it can only get worse.
Coming back to Puteri Harbour, one has to ask: Are you going to fork out S$400k by the mere fact that you can get a high view of some water which cannot be bought in Singapore for the same sum? If money is not a concern to you, meaning if the property cause you to lose money but financially you can take it, then there is no issue with it. But this case is not interesting to discuss because if one has lots of money, he can buy anything he likes, even if the decision is unjustified or silly.
From the point of view of a careful investor who wants to maximise his returns and make an informed decision, it's likely a no go based on the analyses I've given. The risks of not making money from the property is far too high compared to the little possible returns one might get. It will become like an expensive pretty flower vase you put at home but with little or no future value.
Buying a property is about managing risks in one's investment. I think the misleading part is that supporters think the naysayers don't believe that Iskandar is progressing. That's the big mistake I made when I went in. I have friends who advised me to be careful. But I told them, Can't you see Iskandar will have amusement parks, hospitals, shopping centers, etc. It will be vibrant. How can a property I buy there not boom?
Obviously, I did not consider the more important factor of the oversupply of condos and the fact that the demand will not catch up with the huge oversupply. I also did not consider the political uncertainty in Malaysia and the fact that the weak RM currency is not to a foreigner's advantage. You may be buying low as a foreigner but without demand, and if you want to sell next time, you're making a loss overall or worse, you may be stuck with a liability without a way to dispose of the property. I also left out an important factor: The rental in JB is not fantastic. Good new for tenants, bad news for buyers trying to rent out their properties in an oversupply climate that will last for a very long time.
Does the reasoning make sense...?
I guess it boils down to one's own preference. It's great if you are ok to modify your lifestyle and work around it.
For me, 6.30am is just when I have just gotten out of bed.
It takes me only 30 mins to get from my home to work. All the time. Can't afford to be late for work.I like the freedom to go and leave work at any time I want without worrying about the traffic.
I can empathize how it feels to live in JB and work in SG. A Malaysian friend of mine got to wake up before 5am every day and leave work very early. When he reaches work at 7.30am (before work starts), he has to steal some naps. He also has to rush back to work as close to 5pm as possible. Sometimes work gets extended and he's screwed by the traffic.
Maybe it's worth it to him to go through this "ritual" every work week cos he's being paid a lot more in Singapore. But for me, I find such a lifestyle is compromised in quality. No matter how big the house may be in JB, the attraction is not strong enough for me to move over!
(Actually, I'm quite an exception from the normal Singaporean. I prefer smaller homes. More cozy, simple, less worry on cleaning, and it gives me less temptation to buy unnecessary stuffs and hoard rubbish!)
Hi...Nice to hear from you again. I didn't mention you advocated owning multiple properties in Iskandar?
I think before buying a property, one has to establish his or her position first. Are you an investor who wants to make a sensible choice while managing the exposure to risks, or are you a buyer who doesn't need facts/data to justify your purchase cos you are a multi-millionaire, or are you going to live there, etc?
Iskandar is only one of many examples of housing that is cheaper compared to Singapore. If you look at other countries, you can also buy say a 3,000sq ft house with a nice garden for S$400k. But will you rush to buy the property there? Maybe yes, or maybe not. It all depends on your position as I mentioned above. If you think if you are rich enough, even though the place is not well-known, you might buy. Another buyer who thinks the country is too far away or has political instability will likely not buy.
The bottom line is, it doesn't do justice to rush out to buy a property just because it is so much cheaper than Singapore's or because it is near to us. I'm looking from the point of view of a sensible investor with limited capital who wants to put this money to wise use. We are surrounded by other 3rd world countries other than Malaysia. There are also other properties around us which are so much cheaper.
I do understand that some are confident about Iskandar because of the plans that are in place and things that will be set up there. But as an investor, I would go beyond that. To me, I have to see my needs and objectives are met first. I'm not going to care first about how many businesses will be set up there, that a wellness center, hospital, etc will be there. My Number 1 concern is: When I buy that property, I want it to make money for me. If it doesn't, it is a liability and it will cause me to be poorer.
So if Iskandar is being developed, what then could go wrong with investing a home there? The problem with it is, as I've explained, the supply of properties is far too many compared to the amenities and businesses being built. Before one business is completed, a few new residential projects come in. When they are completed, more condos are built, but the demand cannot catch with up the supply. So how can the property make money? I've just read in Medini, another new mixed development with a lot more residential units is coming up. This is even before the thousands of new condos have completed! That's not a good sign for an investor. Because it will mean rental will suffer. As it is, rental is bad now. So projecting several years down the road, it can only get worse.
Coming back to Puteri Harbour, one has to ask: Are you going to fork out S$400k by the mere fact that you can get a high view of some water which cannot be bought in Singapore for the same sum? If money is not a concern to you, meaning if the property cause you to lose money but financially you can take it, then there is no issue with it. But this case is not interesting to discuss because if one has lots of money, he can buy anything he likes, even if the decision is unjustified or silly.
From the point of view of a careful investor who wants to maximise his returns and make an informed decision, it's likely a no go based on the analyses I've given. The risks of not making money from the property is far too high compared to the little possible returns one might get. It will become like an expensive pretty flower vase you put at home but with little or no future value.
Buying a property is about managing risks in one's investment. I think the misleading part is that supporters think the naysayers don't believe that Iskandar is progressing. That's the big mistake I made when I went in. I have friends who advised me to be careful. But I told them, Can't you see Iskandar will have amusement parks, hospitals, shopping centers, etc. It will be vibrant. How can a property I buy there not boom?
Obviously, I did not consider the more important factor of the oversupply of condos and the fact that the demand will not catch up with the huge oversupply. I also did not consider the political uncertainty in Malaysia and the fact that the weak RM currency is not to a foreigner's advantage. You may be buying low as a foreigner but without demand, and if you want to sell next time, you're making a loss overall or worse, you may be stuck with a liability without a way to dispose of the property. I also left out an important factor: The rental in JB is not fantastic. Good new for tenants, bad news for buyers trying to rent out their properties in an oversupply climate that will last for a very long time.
Does the reasoning make sense...?
wow, u r quite mouthful.
and i find it interesting that those whom u classify as financially able should not discuss here about their being able to support a loss making investment for, to you, they are a different lot of people. but then this is a ph community where the able and the handicap exist. although ph maybe my transit place when its ready, its also my investment device. the difference is the duration when i exit or at all. so i m also thinking about the money part whilst in leisure.
Hi...Nice to hear from you again. I didn't mention you advocated owning multiple properties in Iskandar?
I think before buying a property, one has to establish his or her position first. Are you an investor who wants to make a sensible choice while managing the exposure to risks, or are you a buyer who doesn't need facts/data to justify your purchase cos you are a multi-millionaire, or are you going to live there, etc?
Iskandar is only one of many examples of housing that is cheaper compared to Singapore. If you look at other countries, you can also buy say a 3,000sq ft house with a nice garden for S$400k. But will you rush to buy the property there? Maybe yes, or maybe not. It all depends on your position as I mentioned above. If you think if you are rich enough, even though the place is not well-known, you might buy. Another buyer who thinks the country is too far away or has political instability will likely not buy.
The bottom line is, it doesn't do justice to rush out to buy a property just because it is so much cheaper than Singapore's or because it is near to us. I'm looking from the point of view of a sensible investor with limited capital who wants to put this money to wise use. We are surrounded by other 3rd world countries other than Malaysia. There are also other properties around us which are so much cheaper.
I do understand that some are confident about Iskandar because of the plans that are in place and things that will be set up there. But as an investor, I would go beyond that. To me, I have to see my needs and objectives are met first. I'm not going to care first about how many businesses will be set up there, that a wellness center, hospital, etc will be there. My Number 1 concern is: When I buy that property, I want it to make money for me. If it doesn't, it is a liability and it will cause me to be poorer.
So if Iskandar is being developed, what then could go wrong with investing a home there? The problem with it is, as I've explained, the supply of properties is far too many compared to the amenities and businesses being built. Before one business is completed, a few new residential projects come in. When they are completed, more condos are built, but the demand cannot catch with up the supply. So how can the property make money? I've just read in Medini, another new mixed development with a lot more residential units is coming up. This is even before the thousands of new condos have completed! That's not a good sign for an investor. Because it will mean rental will suffer. As it is, rental is bad now. So projecting several years down the road, it can only get worse.
Coming back to Puteri Harbour, one has to ask: Are you going to fork out S$400k by the mere fact that you can get a high view of some water which cannot be bought in Singapore for the same sum? If money is not a concern to you, meaning if the property cause you to lose money but financially you can take it, then there is no issue with it. But this case is not interesting to discuss because if one has lots of money, he can buy anything he likes, even if the decision is unjustified or silly.
From the point of view of a careful investor who wants to maximise his returns and make an informed decision, it's likely a no go based on the analyses I've given. The risks of not making money from the property is far too high compared to the little possible returns one might get. It will become like an expensive pretty flower vase you put at home but with little or no future value.
Buying a property is about managing risks in one's investment. I think the misleading part is that supporters think the naysayers don't believe that Iskandar is progressing. That's the big mistake I made when I went in. I have friends who advised me to be careful. But I told them, Can't you see Iskandar will have amusement parks, hospitals, shopping centers, etc. It will be vibrant. How can a property I buy there not boom?
Obviously, I did not consider the more important factor of the oversupply of condos and the fact that the demand will not catch up with the huge oversupply. I also did not consider the political uncertainty in Malaysia and the fact that the weak RM currency is not to a foreigner's advantage. You may be buying low as a foreigner but without demand, and if you want to sell next time, you're making a loss overall or worse, you may be stuck with a liability without a way to dispose of the property. I also left out an important factor: The rental in JB is not fantastic. Good new for tenants, bad news for buyers trying to rent out their properties in an oversupply climate that will last for a very long time.
Does the reasoning make sense...?
There's one big diff betwn Iskanda and other countries. Its very near SG so we can visit frens n relatives easily n hv access to good health care under the Medishield cover.
I guess it boils down to one's own preference. It's great if you are ok to modify your lifestyle and work around it.
For me, 6.30am is just when I have just gotten out of bed.
I like the freedom to go and leave work at any time I want without worrying about the traffic.
I can empathize how it feels to live in JB and work in SG. A Malaysian friend of mine got to wake up before 5am every day and leave work very early. When he reaches work at 7.30am (before work starts), he has to steal some naps. He also has to rush back to work as close to 5pm as possible. Sometimes work gets extended and he's screwed by the traffic.
Maybe it's worth it to him to go through this "ritual" every work week cos he's being paid a lot more in Singapore. But for me, I find such a lifestyle is compromised in quality. No matter how big the house may be in JB, the attraction is not strong enough for me to move over!
(Actually, I'm quite an exception from the normal Singaporean. I prefer smaller homes. More cozy, simple, less worry on cleaning, and it gives me less temptation to buy unnecessary stuffs and hoard rubbish!)
In my view, or at least speaking for myself under my circumstances, when seen holistically from a family point of view, the overall increase in quality living more than offsets the hassles of the daily work commute ritual that I go through. Just the currency itself has raised the quality of living by a few notches which translates to cheaper food, shopping, petrol, utilities, car, housing etc…
Hey, please don't misinterpret my words. I didn't say anyone should not discuss the issue if they are financially able.
What I meant was, if one is financially able to take the risk, buying into Iskandar is seen less of a problem. There is little that needs to be argued because the wealthy can afford to weather any losses if the situation worsens.
Just like if one has the money to upgrade from an iPhone6 to a 6S, even if many reviews out there say it's not worth doing so, who cares? The person has the money to do so.
But for a common folk who has limited capital and wants to calculate the risks vs gains to make money, the decision to buy an Iskandar property or not has to be weighed carefully.
I don't know about your case but if you feel you have made the right decision, it's your money so stick with it.
For retirees, without the need to go in n out everyday, quality of life will be even better !
I prefer to enjoy JB now than wait till retirement. Life is short...live now....
I go in and out every weekend and sometimes stay at KSL hotel I don't really miss a thing enjoying life in JB too as I would not be able to take the hassles of the jam daily.
Similar threads
