Wah Frodo, don't be so humble to call yourself peasant leh. I don't even have a 2nd property in JB. You are at least ahead of me.
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Property News
- Thread starter FHBH12
- Start date
Unbelievable right? And it's happening right here in Spore, and so many people rushing in to buy! Another project in District 3, base price start from $1600 psf, but a bit more atas type. Inflation, inflation, inflation! Our next generation how to buy?
Thanks for the explanation on leasehold vs freehold.
For leasehold, I suppose once the SPA is done up, the rest should be smooth-sailing. Except maybe for selling, it may take some time for the state authorities to process. Otherwise, I don't see any restrictions, unless one wants to hold on to the property for ages. I'm not familiar with what the Msian govt can do though. They can change plans abruptly.
Unless Msians have the psychology to avoid leasehold at all costs.
You won't know the true reasons for the owner defaulting the loans. It could be these are property flippers and speculators who are holding several properties. How to tahan in this current situation, unless you are a Datuk?
Bro, I’m not faking it when I say I am peasant. My family practically live from hand to mouth! Loans to clear, bills to pay, children’s education and ECA classes, living expenses…means monthly salary and HDB rental when come in also quickly go out. My JB properties nothing much to crow about one lah…. as both units together not even RM1.5m. Who knows your one unit already cost more than my two! But I am not complaining lah…considering I like that also can have two properties in JB. Miracle liao lor. I like to tell my friends, if I can do it with my meagre means, for them would be sup sup water to get better and more JB properties.
I think that's why Maybank sounded the alarm 2 years ago. There were so many rushing in to buy. Developers sell at high prices, there were many buyers. They up the price some more, more went in to buy! It was a herd mentality.
When more of the condos are ready but with difficulty to find good rental and no buyers, we may likely see more bank auctions.
It’s not just unbelievable, it’s un..un..un..un… unbelievable! Unless my girls marry rich man (like xebay) not possible to buy any private property at all in SG. At most is BTO, but these are also rising in prices while falling in sizes.
I am not sure how true that Malaysians will avoid leasehold entirely. I heard the medini shophouses and landed are mainly Malaysian buyers as they think it's good location and relatively inexpensive compared to KL. Not sure what's the thoughts on those Malaysian buyers of leasehold landed in medini. Usually leasehold is 20 to 30% cheaper compared to similar quality and location freehold.
Hey, at least you can afford RM1.5m. Mine was only RM290k (+ RM10k state levy) when I bought in 2009. At that time, the limit was RM350k, so I had to mark up and pay extra for the stamp duty. Shh.... don't tell anyone.
Yes true... I always feel holding power shouldn't be too difficult since this is Msian properties and they are relatively affordable compared to SG ones. Investors should also have done their calculations in the past.
It's the uncertainty of the future that makes one have anxiety. Msian rules may suddenly change for foreigner buyers. RM currency may be devalued further. This down market for condos could last for many years with new supplies coming in. It's not a nice feeling to see money slipping away negatively every month from the bank loan.
In Singapore, property prices will never collapse because the government will know when to "release" the curbs. It is also detrimental to the government if the assets of the ordinary Singaporeans will diminish. Second, in land scarce Singapore, where to find forever land to continue building, apart from building taller and taller?
Medini leasehold (I called them freelease) and Stateland leasehold are different. Medini shophouses (Sunsuria) is very limited as most land in Medini are slotted for highend condos. Many Malaysians will still buy leasehold land and that is not a problem at all. Only I prefer to buy freehold given a direct comparison. But in the end of the day, we must be happy where we place our chips. And when there's a downturn, every little brownie point count.
Wah lau! You kio tio liao! I won’t complain to buy house at RM350K and wish I could have bought earlier…but how would I know that one day JB would be my home, right? LOL! I even tried looking for a house at close to RM500K as possible but wife don’t like them (Tekkun would understand this).
Wife always has this saying. Either you buy the best you can afford or you don't buy at all especially those half past six.
I dunno why we men suffer the same fate.
Do not buy Mandarin Gardens as it is now over run by a certain race and they are tearing the place apart, they want to make cricket field, kick out Thai Pan restaurant and put Indian restaurant, hold all the Hindi festivals, i mean no race should dominate an estate.
Laguna also a place for losers and greedy owners, lots of talk of en bloc but that is a good ten years or more and i think the place is 30 plus years old, not many years left, redevelopment charges and lease renewal fees would be too high for developer to sell in this deteriorating market. So if you buy, you would probably have to live out the lease. No hope to sell away.
Also if you study my analysis of the Singapore property market, the area which is really bucking the trend to falling property prices is well located HDB, especially those in the city, they are the brightest stars and bucking the trend, try and get one and at least will be more livable and affordable to the cramped condos.
Yes those places seem to be dominated by them, including Makena area.
The future looks too uncertain if buy into these places, although it was quite sought after in the past.
Asking price is not cheap, but has come down somewhat, it’s like paying for 60yrs LH + run down.
Better to look elsewhere and make better choices. Thanks for the highlight into well located HDBs, will definitely take this into consideration when hunting for the next property.
Thanks again for your sharing!
The future looks too uncertain if buy into these places, although it was quite sought after in the past.
Asking price is not cheap, but has come down somewhat, it’s like paying for 60yrs LH + run down.
Better to look elsewhere and make better choices. Thanks for the highlight into well located HDBs, will definitely take this into consideration when hunting for the next property.
Thanks again for your sharing!
In my case, I have the final say. Prior 2009, we had been going on house hunting in JB and seen at least 30 units, from condos to landed, from resale to new ones, until my wife complained to me: "Don't see anymore, every time see already don't buy." lol.Wife always has this saying. Either you buy the best you can afford or you don't buy at all especially those half past six.
I dunno why we men suffer the same fate.
I remembered visiting the Horizon Hills sales office and was pissed off by their sales staff. When inquiring to view their show house, instead of bringing us to the unit, they just directed us by saying: "You just turn left and walk straight and turn right again. The show house will be to your right."
The Setia Indah and Setia Tropika sales staff were much better and drove us around their show village to show us a few units. Unfortunately, we didn't take up because of the distance from the CIQ.
We'd almost committed on Austin as the quality was quite good, but again the distance. We also went to see Mah Sing, but the quality was even worse than the HDB.
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