The worse kind of investment are the type where you cannot liquidate it anytime you wanted to.
I've said this numerous times before, many who have bought properties in MY don't know a thing about the resale rules and regulations when worse still, this rules and regulations can be changed anytime, usually to your disadvantage.
By having all kinds of rules and regulations to restrict or to discourage foreigners from selling off their properties easily is a form of anti-speculation means but it is also an effective method to prevent capital flight.
Many had probably forgotten about that CLOB debacle whereby tens of billions of SG money were trapped in MY and the investors can do absolutely nothing except to curse and swear.
Yes, many Singaporeans are already trapped with their Iskandar properties and cannot liquidate because of the RM1mil rule. Imagine they happily bought in 2013 their RM500k-900k condos, thinking they want to do some form of investment. Then in 2014, the RM1mil rule came. Habis la. Tunggu sampai mati! (Finished. Wait until you die!)
But we can't blame all of them for their greed by wanting to flip. Some bought because they genuinely wanted their money to work hard. But instead, now kena trapped and will be bleeding away with low or no rental, and no one to buy over.
Actually, what are the most important rules an regulation about resale in Johor or Malaysia? I've heard:
1. Malaysians generally don't go for resale units if possible because they can get newer ones somewhere somehow (lots of land in Johor). Also bank loan is easier for new properties.
2. Even after 10 years, JB property prices may remain the same. So buyers can choose till they are happy.
Are the above true?
Thanks for sharing. I'm still learning.