The projects will not fail. But they will just hang there. Those with holding power will substain. The rest will submerge.
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Living in JB 3 (Johore)
- Thread starter wuqi256
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The projects will not fail. But they will just hang there. Those with holding power will substain. The rest will submerge.
Was told that there are strong demand for condos still in B.I and Nusajaya region in terms of rental.
Condos have been tenanted out for average RM 2000-RM 3500 in Horizon Residence and Fairway Suites. Seem that the demand is still healthy and has returned to Saner levels
Condos have been tenanted out for average RM 2000-RM 3500 in Horizon Residence and Fairway Suites. Seem that the demand is still healthy and has returned to Saner levels
yeah hard to even breakeven, now tied down as long term investor.
Malaysia still has plenty of young workforce, land n other natural resources. The government is also quite pro-business. It'd growth shd remain quite high around 5% GDP growth for next few years. So roughly property prices shd at least appreciate at 5% per annum along with national growth. So mid term of 5-10 years u will still see some significant gain. Singapore's growth will pale in comparison with aging workforce, no natural resources n high costs.
Malaysia currently is a low base.
Most of the young Malaysian affordability is maybe about 300 k probably? Or rental at maybe 1.5k monthly.
For the type of asking prices currently in Johor it's probably not doable.
Malaysia needs a long time before the local job situation can reach this level.
That's why most of the developers and potential landlords are targeting foreigners.
Most of the young Malaysian affordability is maybe about 300 k probably? Or rental at maybe 1.5k monthly.
For the type of asking prices currently in Johor it's probably not doable.
Malaysia needs a long time before the local job situation can reach this level.
That's why most of the developers and potential landlords are targeting foreigners.
less than that for average young malaysian under 30 y.o. in JB. 1K is my estimate for rental. It's not that they cannot afford to pay more, Malaysians are generally quite thrifty and don't simply spend on rental. They will group together and rent those old landed houses. If you want to target rental you either go for commercial shop lot, or those cheaper apartments about 200K (which singaporeans can't buy). The other option is places like BI where more expats frequent (be they singaporean or other countries)
Cheapo $ vvv..hard to earn, if u wan 2 earn headache..:p
yah, headache. no point unless become 100% landlord, give up day job kekekeke.
can earn, buy those cheap apartment.
Hahahaha so funnylah Bro Potter..dangerous sumore. Hahaha
The following items are exempted from the GST when implemented next year :
RON95 petrol, diesel and LPG
Electricity up to 300 Kwh
All local and imported fruit
Types of bread, tea, coffee and noodles
Medication for treatment of 30 diseases
Reading materials and newspapers.
Happy???
RON95 petrol, diesel and LPG
Electricity up to 300 Kwh
All local and imported fruit
Types of bread, tea, coffee and noodles
Medication for treatment of 30 diseases
Reading materials and newspapers.
Happy???
i think you have a very good point. Kudos!
There are a lot of Big Players in the Market with the Ability to manipulate the Market. If for whatever reason they think it is to their advantage to make the Condo's in Iskandar all come down to RM 200,000 average price, they will do it without giving a second thought to the Foreigner owners.
The Singaporeans that buy just 1 unit for "own stay" will be able to hold, without having to 'lelong'. But the Singaporeans who buy Multiple Units in Iskandar will have to forced-sale/lelong. I know many people who got greedy and bought 3,4,5 units. They are the ones who are sweating now. They know they are a 'sitting duck' now.Just waiting for the hunter's shotgun blast to wipe them out.
There are a lot of Big Players in the Market with the Ability to manipulate the Market. If for whatever reason they think it is to their advantage to make the Condo's in Iskandar all come down to RM 200,000 average price, they will do it without giving a second thought to the Foreigner owners.
The Singaporeans that buy just 1 unit for "own stay" will be able to hold, without having to 'lelong'. But the Singaporeans who buy Multiple Units in Iskandar will have to forced-sale/lelong. I know many people who got greedy and bought 3,4,5 units. They are the ones who are sweating now. They know they are a 'sitting duck' now.Just waiting for the hunter's shotgun blast to wipe them out.
I think is the same to those buy few units of landed properties too. Now, those who buy for own stay are safe.
The above is very unlikely to almost impossible, especially for new units. I do have to be realistic here even though I have always said that there will be a tremendous oversupply of condos in the next few years ahead.
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