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Living in JB 4
- Thread starter wuqi256
- Start date
Can you not apply for mm2h now bro? If you still have the hiuse it should be easy
The house will need to be paid for in full, its no use having many properties if they are not all paid in full and amounting to at least 1 million for a single property.
I wonder what will happen next year as they mark down to 600k. Probably this will adjust
600k as you bought at 1mil def will tank existing pricetag, and the remaining units if they dont lower price it will be stuck forever. Next year will be chaos. Remember the people whk said never buy jb property
$600k next year from 1/1/2020 to 31/12/2020 (1yr window) is only for Developer existing project units completed but unable to sell for 9mths or more (Overhang units). But if not wrong to date Johor State yet to confirm if they will be lowering the Foreigner limit for these projects to $600k. Every state can set their own limits. Penang’s limit next year is $800k.
The problem is you already paid 1mil. So if they lower the existing properties in your place you are fucked. Theres no way you are ever selling at what you paid for. You can talk about state prices. They do not determine if people buy or not. If the market tanks whatever price is set no one will buy
Not for landed.
Yes not for landed, the 600k limit is to me, raising the bar and not lowering it. As it is today, one can still get condos for 500k from the overhang units. So by making it 600k, it is actually making it more difficult, not easier to buy properties here. No matter the price, banks remain the main deal maker/breaker of any properties.
A condo in Medini.
I once informed my associate not to touch, she did and now she found a buyer (subsale) selling at a slight loss but after months of trying, all banks have rejected the potential buyers loan application due to the property (not the buyer).
They seem to have the thinking that properties here are in short supply, foreigners have nowhere else to go and have to rely on just one country or one state.
Singaporeans have the wrong, and stupid approach to buying properties in Malaysia, especially Johor. They should not buy in the hopes of making profit or capital gains. That is not going to be likely in a place with so much land and so many developers doing big projects that can easily flood the market and depress prices. rather, they should look at it as a long term alternative to living in singapore. With a freehold condo in a low cost country, they can live comfortably and avoid a high cost environment like singapore. That's specially applicable to retiring sinkies who can sell they HDB flats and take some money out from the CPF. For working sinkies, it is also a possible scenario to have your daily and living cost low, while earning bigger money working in singapore. The issue is the commute, but so what? Hundreds of thousands of malaysians do the commute every day. They should stop being guniangs and do the same thing.
600 is overpriced. No one in jb will say its worth buying anything at that tag.
And they are not wrong. Look at sinkieland allowing even prs to buy hdb. We never recovered. We have our own agenda but they have proven that property prices can be regulated, unlike whatour local idiost claim, and i will never fsult them for that
I guess u need a reminder on the title of this thread, which is Living in JB. Thus, this thread in a singapore forum is for singaporeans living or thinking of living in JB. Therefore, what someone in JB thinks about whether its worth it or not at that price, is well, fucking irrelevant. What is relevant is what a singaporean thinks about it. For that price, a singaporean can only buy a moderate car, and can never smell a private freehold condo. For them, its worth it.
current relevance ia meaningless, wait till next year
And if locals wont buy who are you going to sell it to? Never ever assume that any property is going to last you forever. If you buy a deadend that cannot be sold in emergency then theres no point owning it.
Hmm, let me think. In an emergency, I would sell the HDB flat and move into this JB condo. What deadend is there? U don't know properties don;t talk cock lah
you have hdb hah? thought you very high ses with multiple landed and high end condos?
you have hdb hah? thought you very high ses with multiple landed and high end condos?
HDB is free shot lah, u don't want meh? I am just saying that if I was a HDB flat dweller, which I am not, that is what I would do.
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