Living in JB 3 (Johore)

[Grago]

I think your information maybe wrong, I am told that not ALL property in Nusajaya/Iskandar Puteri falls under the Rm2 mil. threshold. Horizon Hills is still at the RM1 mil. level for foreigners as well as Nusa Indaman, East Ledang, Estuari or the UEM Sunrise projects here.
So @whoami your terrace unless it has been renovated into a CASTLE and your not marketing it at Rm2 mil. would still be able to be sold below the RM2mil. threshold if you wanted to. But nothing stopping you from selling it at RM2mil.
Hope this bit of information helps.

 

[MsPiggyy]

Hi Miss Piggy, As well, the 2m refers to certain areas, take for example the whole of Nusajaya (Now Iskandar Putri) is international zone which means subject to 2m.
Other areas within Johor and outskirts are still 1m. Most are still unaware of the 2m. To this date, i still have people who thinks that they can buy properties in Malaysia for 100k. I wish them very well, who am i to argue with their infinite wisdom. After all, 99 years is a long time to be proven that what one holds is a leasehold.

I have kept my peace on this a long time especially when people spent 150k or more on renovation. When it suits their fancy, you are a owner and you pay property tax/fix the upstairs neighbours pipes leaking into your house as you own the place after all. When it doesn't then you are reminded by both them and the banks that you are just a long term tenant and can lose your home if you do certain things(not even limited to just financial).

Recently with all the news publishing about 99 years in the papers, some friends and relatives have out of the blue ask me for lunch and ask about things here. My reply was the same, its a cowboy town with people dying every day, people are threatened and gets thrown out and riots in KL burnt all the way down to JB. People are dropping like flies here, its very much akin to an episode from Walking Dead.

Jokes aside of course, i have no issues with leasehold properties as ultimately to each his own, but i try not to hold more than one of them knowing banks are as fickle as policies makers and short leases (less than 30 unless you can cough up a lot in cash) = no loan for potential buyer therefore no sale.


Excerpt below is taken from the link:
https://www.edgeprop.my/content/1045775/minimum-property-purchase-prices-foreign-buyers

There are however, exemptions from EPU approval for certain transactions (see list of exemptions), as well as exemptions given by respective state governments.

In Johor, for instance, Medini Iskandar in Iskandar Malaysia is designated as a special economic zone.

Medini Iskandar has no restrictions on foreign ownership. There is no minimum price threshold for foreign property buyers, and foreign property purchases are exempted from real property gains tax until Dec 31, 2025.

Also given special status is Forest City, the Malaysia-China joint venture development in Iskandar which has been designated a duty free zone. The minimum price threshold for foreign buyers is RM500,000 per strata unit, according to a spokesperson of the project.

Meanwhile, the Straits of Johor Development Corridor 2025 Master Plan showed that Tanjung Bin, Tanjung Pelepas, Nusajaya (now known as Iskandar Puteri), Johor Bahru city centre, Pasir Gudang, Tanjung Piai, Sungai Sekudai and Sungai Tebrau are international zones. In these zones however, the minimum threshold for foreign property purchase is RM2 million for landed residences compared with the RM1 million threshold for landed residences in the rest of the state; and RM1 million for strata property. Hence, it would be wise to check the status of the various projects one is interested in.

Thanks so much for sharing, bro Wuqi.

 

[MsPiggyy]

Just sharing and i hope this is useful, if not to anyone, as a reminder to self, words written after an interesting conversation where someone i looked upon (still do) as a mentor years ago hurled extreme words at me for no apparent reason when i went to him for help.

Reminder to read this every single day and i try to keep to it as much as i can:

Every piece of kindness will be remembered, appreciated and reciprocated.
Every unkind act although initially hurtful, be in time forgiven and MUST BE forgotten.

After 50 years, few of our grandchildren will remember us.
Few will even know our graves or stone.

After 100 years, few of our great grandchildren knows our names.
Few will hear the name from their lips.

After 200 years, there may not be any surviving descendants to hold the surname dear.
A new order may have emerged or surname done away.

After 500 years, there may not be any who remembers us by deed or by written word.
No matter how famous you may have been or how great (or heinous) a deed was done.

After 1000 years, there may not be anyone who exists or who we even matter as much as a speck of dust.
There may be no one left to even care.

Thus in all things, learn forgiveness, patience and be forgetful towards the transgressions of others as we want others to in turn forgive us.

Hug your wife/loved ones tight, take care to hug them yet one more time before going to work. For every time we depart, it may be our last parting.

Hug your parents tight, for every day that passes, we get one lesser day with them, what we don't care enough about, life comes by and takes away.

Learn to put aside differences, past hurt and even debts people owe you. Why would you still chase after a debtor when others have already forgiven yours?

Learn to forget.

Yup yup, I agree absolutely. Thanks for sharing.

We have to learn to forgive and forget or else we will be perpetually bound by our own chains in our lives.

 

[AHGS14]

Just sharing and i hope this is useful, if not to anyone, as a reminder to self, words written after an interesting conversation where someone i looked upon (still do) as a mentor years ago hurled extreme words at me for no apparent reason when i went to him for help.

Reminder to read this every single day and i try to keep to it as much as i can:

Every piece of kindness will be remembered, appreciated and reciprocated.
Every unkind act although initially hurtful, be in time forgiven and MUST BE forgotten.

After 50 years, few of our grandchildren will remember us.
Few will even know our graves or stone.

After 100 years, few of our great grandchildren knows our names.
Few will hear the name from their lips.

After 200 years, there may not be any surviving descendants to hold the surname dear.
A new order may have emerged or surname done away.

After 500 years, there may not be any who remembers us by deed or by written word.
No matter how famous you may have been or how great (or heinous) a deed was done.

After 1000 years, there may not be anyone who exists or who we even matter as much as a speck of dust.
There may be no one left to even care.

Thus in all things, learn forgiveness, patience and be forgetful towards the transgressions of others as we want others to in turn forgive us.

Hug your wife/loved ones tight, take care to hug them yet one more time before going to work. For every time we depart, it may be our last parting.

Hug your parents tight, for every day that passes, we get one lesser day with them, what we don't care enough about, life comes by and takes away.

Learn to put aside differences, past hurt and even debts people owe you. Why would you still chase after a debtor when others have already forgiven yours?

Learn to forget.

 

[congo9]

Who would want to buy a 2mio resale terrace house for 2mio? Looks like i may have to sell to a Msian (at a loss) if i decided to let go in near future.

1 million should suffice now.

 

[congo9]

How can a seller unload his property at 2 million when loads of development is selling at 1 million ?

It's Not the price, really, but the Massive Poor Buildings Deliveries that is self-sabotauging the Iskandar Vision.

Ujana,
Teega,
Imperia,...
Sky Loft,...
Sky Executive,..

.. ALL Have Massive Quality issues that the Developer cleverly hides rectifications,...

Developer corrupts Property managers, collude with some in the committee to cover-up,.. use complicated legal protocols,...

Many Strata properties suffer from missing funds,... internal politics,... abuse of power by committee,...

These Bastards are self-sabotauging their own projects,.... Owners are divided, afraid,... uninterested,..

"Just let the properties Rot",....

Actually want to know, what if there is massive defects in your house after you collect the keys ? Some people suggested to leave the property for a year for the defects to surface before renovating.

what are the alternative ?

 

[wuqi256]

I think your information maybe wrong, I am told that not ALL property in Nusajaya/Iskandar Puteri falls under the Rm2 mil. threshold. Horizon Hills is still at the RM1 mil. level for foreigners as well as Nusa Indaman, East Ledang, Estuari or the UEM Sunrise projects here.
So @whoami your terrace unless it has been renovated into a CASTLE and your not marketing it at Rm2 mil. would still be able to be sold below the RM2mil. threshold if you wanted to. But nothing stopping you from selling it at RM2mil.
Hope this bit of information helps.

Hi Grago, you are absolutely right. There were alot of confusion but after checking with my lawyer friends, it turns out that it is still RM 1 million. Except for certain new launches, else it is still 1 million. I stand corrected and gladly so.

 

[Sammi888]

are there still many Singaporeans with kids still living in JB and travel to SG for work? can share your experience

 

[MsPiggyy]

are there still many Singaporeans with kids still living in JB and travel to SG for work? can share your experience

I personally dunno any in JB but my neighbour knows two such families. One sporean family has moved back to Spore cos couldn't tahan the stress and time commuting to and fro on a daily basis. The other sporean family is still in JB. The father has transferred his son to an international school in JB whereas he himself still commutes to spore for his job.

 

[MsPiggyy]

My neighbours on my left and right are Msians with Spore PRs except for one lady who has converted to spore citizenship for the sake of her kids. They have properties in Spore but they chose to relocate back to Msia.

One family commutes daily to spore for work and school. The other family has transferred their kids to Msian schools and only the father commutes to spore for his job.

Those who travel back to spore for school wake up very early and leave by 5 plus am every morning.

I only travel back to spore for work and errands twice or thrice a week.

Hope my info suffices.

 

[Investor]

My neighbours on my left and right are Msians with Spore PRs except for one who lady who has converted to spore citizenship for the sake of her kids. They have properties in Spore but they chose to relocate back to Msia.

One family commutes daily to spore for work and school. The other family has transferred their kids to Msian schools and only the father commutes to spore for his job.

Those who travel back to spore for school wake up very early and leave by 5 plus am every morning.

I only travel back to spore for work and errands twice or thrice a week.

Hope my info suffices.

Does your neighbourhood have any WhatsApp Chat Group or Facebook Group?

 

[MsPiggyy]

Does your neighbourhood have any WhatsApp Chat Group or Facebook Group?

There is a facebook group for the residents in East Ledang. You can Google for their fb group. The group is a closed group so you need to confirm that you are a resident.

There is a whatsapp group for the residents who car pool at East Ledang and Impiana.

I have already left both groups so can't furnish you with additional info. Hope I have answered your query.

 

[Investor]

There is a facebook group for the residents in East Ledang. You can Google for their fb group. The group is a closed group so you need to confirm that you are a resident.

There is a whatsapp group for the residents who car pool at East Ledang and Impiana.

I have already left both groups so can't furnish you with additional info. Hope I have answered your query.

Yes yes, thanks for your reply. Just Curious(JC), may I know why you’ve left both groups?

Is your profile pic really you? I’m asking because almost everybody doesn’t show their real faces in forums. Maybe we hide our faces so that we can talk nonsense

 

[MsPiggyy]

Yes yes, thanks for your reply. Just Curious(JC), may I know why you’ve left both groups?

Is your profile pic really you? I’m asking because almost everybody doesn’t show their real faces in forums. Maybe we hide our faces so that we can talk nonsense

That is good and you are welcome.

I left the fb group and the whatsapp group cos I couldn't stand one angmoh admin (I am racist haha) and there were hardly any responses to my queries respectively.

Yes, that is me with a gf. I dunno why people wanna hide their beautiful and handsome pics. I decided to show mine in the hope that others will begin to show theirs too. I think that is wishful thinking on my part. Do you wanna show yours?

 

[Investor]

That is good and you are welcome.

I left the fb group and the whatsapp group cos I couldn't stand one angmoh admin (I am racist haha) and there were hardly any responses to my queries respectively.

Yes, that is me with a gf. I dunno why people wanna hide their beautiful and handsome pics. I decided to show mine in the hope that others will begin to show theirs too. I think that is wishful thinking on my part. Do you wanna show yours?

I prefer to hide my handsome face as well

So you are residing in EL? In your own property or renting?

 

[MsPiggyy]

I prefer to hide my handsome face as well

So you are residing in EL? In your own property or renting?

Haha. Ok I guess I won't get to see the rest of the faces too except for those I have already met.

Yup, I am residing there. Only renting cos wasn't sure if EL was safe but it turns out that EL is safe and the environment is nice.

 

[MsPiggyy]

Laugh with me

It was a Practical Session in the Psychology Class.

The Professor showed a large cage with a Male Rat in it.

The Rat was in the middle of the cage.

Then, the Professor kept a piece of Cake on one side and kept a Female Rat on the other side.

The Male Rat ran towards the Cake and ate it.

Then, the Professor changed the Cake and replaced it with some Bread.

The Male Rat ran towards the Bread.

This experiment went on with the Professor changing the Food every time.

And, every time, the Male Rat ran towards the Food item and never towards the Female Rat.

Professor said: This experiment shows that Food is the Greatest Strength and attraction.

Then, one of the Students from the back rows said:

"Sir, why don't You change the Female Rat?This one may be his Wife!"



The Professor stood straight up pointing his finger towards the Student and said "You are a Damn Genius"

 

[Investor]

Haha. Ok I guess I won't get to see the rest of the faces too except for those I have already met.

Yup, I am residing there. Only renting cos wasn't sure if EL was safe but it turns out that EL is safe and the environment is nice.

You should join neighbourhood WhatsApp chat groups Which ‘Park’ are you residing at?

 

[Investor]

are there still many Singaporeans with kids still living in JB and travel to SG for work? can share your experience

Many or not many, I’m not sure. I’ve met quite a few Singaporean families with kids in international schools in Iskandar Puteri.

One Singaporean family I met recently just opened a butchery at Eco Boulevard. Parents send all their 3 kids to one of the most expensive international schools in Iskandar Puteri. Depending on ages of their 3 kids, school fees alone for all 3 of them can be somewhere between SGD7,000 to SGD13,000 Per Month, paid from own pockets (not company).

Instead of Singaporean families, there are actually a lot more Korean and Chinese(China) families who have moved to Iskandar Puteri lately. Most of them moved here just to send their kids to international schools. Apart from them, many caucasian expats residing here are working in Singapore, same as locals who reside here in Iskandar Puteri. Some of them (expats and locals) work here in Iskandar Puteri.

 

[Asterix]

That is because Sunway in Iskandar is based in Medini where it is a LEASEHOLD title for 129 years. Hence no limit but of course, it is leasehold on actual freehold land. Sorry but no go for me. Hope the information below helps clear things up.

http://www.sunwayiskandar.com/pdf/citrine-ebrochure.pdf

Developer Name: Sunway Iskandar Sdn Bhd (964451-A) • Address: Lobby Level, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 46150 Petaling Jaya, Selangor • Residential Services • Citrine • Development Type Residential Services • No. Developer License: 13596-1/07-2016/0668 (L) • Validity Period: 09/07/2014 - 08/07/2016 • Advertising & Sales Permit No.: 13596-1/07-2016/0668(P) • Validity Date: 09/07/2014 – 08/07/2016 • Plan Reference No: BPU (JB) RP/9A/10/2013 • Authorities approve: City Council of Johor Bahru • Land Tenure: Leasehold For 129 years (2141) •

http://www.thesundaily.my/news/2018/07/10/buyers-project-private-lease-scheme-johor-sue-developer

PETALING JAYA: Buyers of a property project in Medini, Johor, on a private lease scheme are taking the developer to court for failing to issue separate strata titles for their units.

One hundred and seven buyers of The Meridin@Medini are claiming for inter alia damages for misrepresentation and late delivery from Mah Sing Group Bhd unit Tropika Istimewa Development Sdn Bhd.

The case highlights one of the concerns raised by the House Buyers Association of allowing private corporations to lease out freehold land for housing development.
Note that the term "leasehold property" is commonly used in Malaysia and refers to a state lease. This type of leasehold land is owned by state authorities, which have a moral obligation to renew the lease upon expiry, at a nominal fee.

SunBiz wrote in June that projects in Medini are being developed under the private lease scheme. The Meridin is one of the projects, along with Iskandar Residences, 1Medini and Paradiso Nuova.

The defendant, Tropika Istimewa, had filed an application to strike out the plaintiffs' case on the grounds that the claim was without merit, frivolous and an abuse of process of the court.

However, the High Court yesterday dismissed its application with costs of RM5,000. The trial has been set for Sept 13.
The Meridin is a project that sits on freehold land that is owned by Iskandar Investment Bhd (IIB), which granted lease to Medini Land Sdn Bhd for 99 years from April 15, 2013.

Under a lease-purchase agreement dated Oct 18, 2012, Medini Land agreed to sell the lease to Tropika Istimewa.
Upon completion of the lease-purchase agreement, IIB granted absolute right to the developer to develop the land as a housing development and to sell the lease over the condominium parcel to the public.

The buyers and the developer signed sale and purchase agreements (SPA) which saw the developer selling the lease over the parcel to the buyers.
Clause 11 of the SPA provides that the developer shall apply and obtain separate strata titles to the parcel under the Strata Title Act 1985. However, to date, no application has been made for subdivision and issuance of separate strata titles.

Note that there is no provision in the National Land Code and the Strata Title Act to allow private lease schemes which, at present, is practised only in Medini.

Under the Act, only the registered proprietor, in this case IIB, can apply for the strata title and not the developer, which is a lessee. The Act also does not recognise the rights of the buyers of the lease to participate in the management corporation.

The National Land Code prohibits the transfer of a lease to two or more persons and if there are two or more buyers who signed the SPA, the lease cannot be transferred into both their names as only one name is allowed. Thus, there is a statutory restriction imposed for the transfer of a lease into the names of the purchasers.

Thanks for this info. Very useful.

How about Avira Garden Terraces @ Medini? private lease or state lease?

https://www.propertyguru.com.my/property-listing/avira-for-rent-by-u-hon-kun-24822947

Environment is nice though location is a bit ulu. Went to see a terrace house there but didn’t go to the nearby newly opened mall. Besides Jays grocery, anything else in that mall. I ask because many new malls in JB end up being empty for ages.