Property News

[potter]

I don't believe it's all doom in Singapore, but I do believe that is a lot of gloom in Singapore. People are gloomy about many things, and complaining about many things. Ironically education is one of them, so is housing affordability, and not forgetting transportation woes. And there is also rising costs of living. Like I shared before, I find it hard to eat meals in Singapore anymore when I convert to think I am paying RM10 for a plate of chicken rice in Singapore. Last time when I pack economic rice for entire family I can have to spend at least $20. But now in JB it is at most RM35. Or when I buy half chicken in Singapore it is $15 but cost RM18 in JB. And this is just savings from food. Haven't talk about other things like car and petrol etc.

Mr Frodo, you found the precious gem..

 

[xebay11]

Unless one is cash rich (with $2.6m in bank ) to pay for house in full, one should be fully aware of the bank loans and interest charged. These things are transparent to the buyer. And that's the way things are in JB. Loans are BLR-2.X% for everyone whether local or foreigner, if I am not wrong. And interest is always higher initially and lower eventually. Same even with HDB concessionary loan. I see my HDB monthly principal payment and interest payment I also jaw drop.:o

I have not being taking much loans, thanks to my early start in property and prudent investing. I started with small seed and buy and sell in the beginning using the company to buy and sell as they were mainly industrial purchases by the time we went into residential properties all was in cash and full payment. I never overstretched.

 

[Tekkun]

I think Sgcount had already decided what to do long time ago.
He just want someone else to concur what he wants to do.

 

[Frodo]

I have not being taking much loans, thanks to my early start in property and prudent investing. I started with small seed and buy and sell in the beginning using the company to buy and sell as they were mainly industrial purchases by the time we went into residential properties all was in cash and full payment. I never overstretched.

Good for you....people like me have no means for an early investing start.:p

 

[Frodo]

I think Sgcount had already decided what to do long time ago.
He just want someone else to concur what he wants to do.

Big decision surely will fill quite uneasy. Swallow a realised loss also quite a big bitter pill leh...

 

[Tekkun]

I have not being taking much loans, thanks to my early start in property and prudent investing. I started with small seed and buy and sell in the beginning using the company to buy and sell as they were mainly industrial purchases by the time we went into residential properties all was in cash and full payment. I never overstretched.

Not everyone is as lucky as you. You are the Elite.
As I said, different investor profiles have different thoughts and limitations. It is not fair to judge others by your standards.
Your standards is way too high for people who need to borrow. Commoners need bankers to survive in investing.

 

[Tekkun]

Big decision surely will fill quite uneasy. Swallow a realised loss also quite a big bitter pill leh...

As long as one make an informed decision, it should be of no regrets.

 

[Frodo]

Mr Frodo, you found the precious gem..

Yeeess...my precciioous...me findz itz....

 

[Frodo]

As long as one make an informed decision, it should be of no regrets.

But sometimes we make a "kiasi" decision even though it is not a "baosi" situation.

 

[Frodo]

Not everyone is as lucky as you. You are the Elite.
As I said, different investor profiles have different thoughts and limitations. It is not fair to judge others by your standards.
Your standards is way too high for people who need to borrow. Commoners need bankers to survive in investing.

Rich dad poor dad situation. I got no rich dad, and I am no rich dad either.:o

 

[xebay11]

Not everyone is as lucky as you. You are the Elite.
As I said, different investor profiles have different thoughts and limitations. It is not fair to judge others by your standards.
Your standards is way too high for people who need to borrow. Commoners need bankers to survive in investing.

No you are wrong, I do understand what others go through, that is why I said in the PH forums, many of you write off such investments like buying a car, but for some, buying a car these days is a life time savings, not everyone has deep pockets so we must also post about realities.

 

[xebay11]

I was at Fairways Suite at HH and my friend showed me the view from a high floor. Wow, there really is a lot of empty land in Nusajaya! So probably true that it will take quite a while for the people population to fill up. Maybe in the near future the JB govt might do something clever and smart and move things along faster? Never say never, right?:p

They can remove the RM1 m barrier to move things.

 

[Tekkun]

But sometimes we make a "kiasi" decision even though it is not a "baosi" situation.

haha..i like this...baosi. If one chop it off, then it is baosi cos it is gone forever.

 

[Tekkun]

Just like buying lottery:

If did not buy, you have 100% no chance, sure to be poor
If buy, 99.99 % sure to lose.

So buy or no buy?

 

[Frodo]

No you are wrong, I do understand what others go through, that is why I said in the PH forums, many of you write off such investments like buying a car, but for some, buying a car these days is a life time savings, not everyone has deep pockets so we must also post about realities.

It is because my pocket not deep that I moved over to JB.

 

[xebay11]

I have a friend who tells me that rental is all about price, and I quite agree with him. If you offer a low rental, there is a good chance that someone would take it. I know of one family who wants to rent out HDB and move over to JB but feel jittery about buying a property. If you offer him your place for $600 a month I think he will take it. You get to cover almost half your instalment and his HDB rental of say $2000 still give him extra $1400 or RM4200 to spend in JB.

What is the use of covering half the installment? It is really subsidizing the tenant, don't forget you don't even get to stay in the place.

That is why I said rental is a very real option for cash strapped who still want to enjoy the good and cheap life in JB but many simply laughed and said paying rent is subsidizing the owners property.

 

[xebay11]

It is because my pocket not deep that I moved over to JB.

You bought landed, so quite safe, condo owners bought air, I don't want to say who taught me this concept.

 

[xebay11]

Right now I spend weekends in JB by checking into KSL, sometimes once, twice a month, total out lay less than $300 and including two buffet breakfast meals each stay, really cheap and good and also enjoy good lifestyle in Johor. Other times I just drive in and out on the weekends, I don't feel I miss anything.

 

[sgcount]

Bro, much as I would like to tell you what to do, I am in no position to tell you to take a $50k hit. I am not sure about selling before completion but I believe you can.

You have actually made a good analysis and I concur. So unless anyone else can give better advice, kindly post here, so that it is debate able and transparent for sgcount to make his decision. Now is the best time to argue and fight so that both sides of the coin can be presented.

Yes that's my struggle cos of the huge amount-- $50k. It's like losing money in casino. Or losing money to a scam business. But yet, the thought of possibly losing a lot more down the road gives me the chills.

If it's $20k, I would definitely give it up without question and take it as a lesson learnt. But I woke up very late to the negative news surrounding Iskandar property investment.

I'm thinking strictly from an investment point of view. I do know many here are buying for your own enjoyment or own stay. That's ok I suppose.

 

[sgcount]

I think Sgcount had already decided what to do long time ago.
He just want someone else to concur what he wants to do.

No lah. I'm gathering views as I've said in my PM to you.

Still weighing the pros and cons.