It is the asking rent.
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Early retirement in JB
- Thread starter freedom
- Start date
It is the asking rent.
Congrats!
Thanks bro!
state consent = 9 months seem the norm for subsale house for foreigners. how about the bumi lot conversion issue? confirmed the house is converted to non bumi lot from now on?
rm4500 p/m rental is pretty good, better than kl landed houses rental yield
Was told need to produce bumi release letter if next time want to sell to foreigner...hopefully that is all...will confirm with lawyer again before payment of the rest of 90%...
You have to understand the mkt is a bit soft now so I'm afraid you must lower your expectations for now.
Was having cold feet about buying as had many fears suddenly but now I think I will go ahead and buy as can always retire there if cannot sell in future....also it offers hope of early retirement and also if my children needs money for overseas uni, I can sell my sg terrace and still have a decent place for us to stay albeit across the causeway...will go down this sat with my hubby to pay up the 90%. Pray that it should all go well and we will not get cheated of our money...
You have a nick "Mummy"?
Congratulations!!!
Thanks....remembered u applied for MM2H right? Have u got it and what made u apply?
Haha...no idea what happened in condosg... alot of nay sayers there... you will thought you are in deep problems if you try to ask for advise there for property purchases in Malaysia.. i gave up talking to them..
Dear Freedom,
I personally think it's a good time to invest in JB now. If Iskandar takes off in a big way with the ETP, properties will rise in value over time, although i think it will take many years for our profits to be realised. Am thinking perhaps 10 years or so? I do agree strongly that having a property in JB is a backup retirement plan, in case SG gets too expensive in 15-20 years down the road, we will still have a good place to live. SG will always be more ex given we import most items from overseas.
So, I can think of 2 scenarios:
1) JB properties do very well, ie. property value appreciate more than 2 times from now -> sell and take profit, continue living in SG
2) JB properties don't do well, ie. assume zero appreciation -> rent out SG property, move and retire in JB!
Same thought as you.
