The speakers you mentioned above must not be from those Iskandar property talks! I've attended a few. Till today, I still see the usual faces. Still saying HSR will be a "game changer" and that Singaporeans will eventually move over. It's like a no brainer to them as the cost of living will get too high eventually. I rather not judge and say they are cunning salesmen trying to fool the public. It's up to the audience to evaluate for themselves.
This is an Iskandar forum so there are many with vested interests. For new investors or those who want to hear the negative sides about Iskandar (not that I think it is entirely bad but I think all the good points can already be found in this forum), I think it's better to go to other more neutral forums on investing.
People like Frodo definitely will only say the good things because he lives there! Without Johor, he cannot enjoy the present perks. He will be a beggar back in SG.
There's nothing wrong to buy properties in Iskandar if you have extra cash you can afford to let go, or if you want to stay there yourself. If I need to work in Africa for long term, I may also buy a property in Africa.
What you are telling, is already known facts. You need to know, investment is not work on past or current happening fact, it is based on future expectation. If you come out a few years earlier to warn ppl when they are hot headed, the impact will be greater. Now already downturn, you should tell ppl exercise caution to get into the market, into the right segment, not get away; few years back tell them get away, you will be right but no one will listening to you. Actually few years back I do expect the situation will be much more worse....but the whole situation now it seem quite resilient. Im not good at timing...but if you are looking for condo, 2017 to early 2018 (ok nothing to support my claim, just my experience.... ok la, my gut feeling) may have some bargain to look for. A lot of supply will come, testing the secondary market, if the price not dropping by much, then it is really hard to expect it will drop even more...not when big positive news like HSR or RTS coming into play, and those ghost town condo singaporean owner might have with some holding power. What you seem to be telling ppl is that, property is one big item, bad, avoid totally, iskandar, 10 years ahead no hope.
Ok la, true or false section, let see where we differ?
If HSR, RTS been built,
1.do you see it as game changer?
2. do you think there will be more singaporean move... now lower my figure, 5% of overall singapore population (including retiree, elderly) will either move here to stay or at least come bi weekly.
3. more people from malaysia coming to iskandar?
4. more foreigners including those ah tiong coming to iskandar?
5. If let say, just 30min you can use public transport come to greater singapore...oppss..is iskandar, do you think others will think it is worthwhile to buy a bigger space but price appreciation ability is questionable ppty to use as holiday home, for the sake of lower cost of living and in future might be a insurance plan to at least lease their HDB and stay in iskandar when they are old?
6. If 30 min is the time length to cross the strait, medini RM 800psf is reasonable by 2018 standard, cheap by 2020 standard (the act of on going building HSR will already impact the price, so the price movement will happen before infracstructure are ready). Now RM800psf in this sort of ghost town is really unworthy.
My ans to above 6 are all yes. You can tell me how wrong am I using all your current available information, but only time will prove who will be on the right side.
In short, Im very against herd mentality. This year and next is the downturn year, do not follow the herd, avoiding iskandar. Exactly it is ppl avoiding it, you can find bargain. If price no drop, no bargain, then it means the whole ppty will not drop, let alone collapse, adjust your expectation accordingly. Is buyer market, be patient to shop around.
haha, I think mpan12 talks big only lah, no money 1, and probably has an unstable job too, as a SG property agent.
But sadly, only in Asia will we have this conversation about income levels, job types.... Try telling an Aussie blue collar worker that his job sucks, and see what the response will be.
Actually aussie blue collar jobs earns great! White collar job is sucks, a lot of professional job facing stiff competition, salary either every year drop or not grow strong enough to outpace inflation. PR list they are going to remove doctor (including gynae), dentists etc from the list, professional galang guni, plumber, carpenter are welcomed.
Frankly speaking, I do think mpan12 is definitely more well off than me. I am not a beggar......yet...and hopefully won't be. My job is also not iron rice bowl that is unbreakable. Anything can happen. But I can't live in fear of what the worst can befall me, though I am not unfazed by the fears and uncertainties of what lies ahead. One step at a time lor...walk one step see one step. :p
