Midlanders and their politicians have shown by their words and actions time and again that they have no integrity.
Warren Buffet said that when making acquisitions he looks for integrity, energy and intelligence in the managers of the target. He also adds that someone doesn’t have integrity and you have no choice but to deal with him, you want him to be lazy and stupid. Therefore, it is good for SG that Mudlanders are mostly lazy and stupid.
If one buys property in Mudland, it must not be with the expectation that it will appreciate in SGD terms. MYR will devalue against SGD in the long term. Any strength is only temporary. The low of MYR against SGD was 2.6 during the 1998 Asian financial crisis. Did the recent strength of MYR before the elections bring it back to those levels? A big fat NO.
If one buys a property in MYR, it should be a lifestyle choice. Which basically means a landed property in a gated and guarded expat enclave, preferably with its own golf course like Horizon Hills.
Ideally, one should buy foreign property which offers good lifestyle AND appreciation possibilities in SGD terms as well. This would mean places like Australia, NZ, Canada, USA. China properties will appreciate in SGD terms as China prospers and RMB gradually replaces USD, but the lifestyle is not great!