I'm glad so many of you chipped in to contribute your thoughts. I've read each and every single one of your posts. They are very useful. Too many names to thank but I've noted all of your kind advice!
I've given much thought about the matter. Even talked for some time with a friend in the property line.
I think the sum I have to lose now if I back out is simply not worth it. I guess I got too emotional with all the unfavourable policies/rules of the Msian government, delays and uncertainty of the HSR, lack of buyer interest in Iskandar in 2014/15, and of course, the recent bad report from Maybank.
I did my own search and found that just prior to the notorious Maybank report, there were a handful of good reviews about Iskandar. So the sudden change in mood is suspicious.
While it is true Iskandar is facing an oversupply of units now, I think the writer from Maybank was trying to create a lot of noise... maybe there's some ulterior motive. Or given the huge number of borrowers wanting to apply loans for their Iskandar homes, the bank is afraid there will be many defaulters who can't afford to pay next time? So perhaps the bad news is a wakeup call for developers to slow down, and also for potential buyers to step back and let things cool down first.
I can still afford the progressive payments but just hope the ghost town phenomenon, if it really happens, won't last too long. Nothing can be worse than to see the money splurged on a property does not generate any value or return.
The difficult part for me is that, unlike some of you, I feel very comfortable with my SG home and have no incentive to want to live in Iskandar while I am still actively working in SG. The time to travel to and fro everyday will be too tiring and disruptive. I am buying more for capital gain and investment, which I realised too late that it could be an obstacle. My own fault for not doing sufficient homework back then.
The Msian government really got to work hard to get things going. Well..... hopefully more infrastructure and work come to Iskandar. It won't be soon but I have to tell myself not to be affected by all the "noise"! Long term perseverance is important.....