Why Singaporeans Are Buying Residential Properties In Johor Now
ฝัง
- เผยแพร่เมื่อ 18 ก.พ. 2024
- Grab the Octa Trading App at bit.ly/worldknowmore_octa and apply the promo code "KNOWMORE" for a sweet double bonus on your deposit.
Click here for more videos about Singapore: • Slice of Singapore
While home ownership is a common aspiration among Singaporeans, it often seems unattainable. However, a glimmer of hope has emerged with the JB-Singapore RTS Link, promising reduced travel times and making Johor's residential properties more appealing. Expansive condos with lavish amenities are available at a fraction of the cost, sparking a buying frenzy. But the question remains: does owning a property in Johor live up to the hype?
Buy us a cup of coffee (or 2 so we don't have to share): bmc.link/worldknowmore
TRAVEL INSURANCE
► FWD Travel Insurance (Free Airalo eSIM - 3GB data): bit.ly/FWD_Travel
CREDIT CARDS
► OCBC 365 Credit Card Promo (free $300): bit.ly/OCBC-365
► OCBC Titanium Rewards Credit Card Promo (free $250): bit.ly/OCBC_CC
► SG_Citi_CC_Citi Cash Back Card Promo (free $300): bit.ly/Citi_CashBackCard
ONLINE STOCK BROKERAGE
► WeBull Promotion (Free $80): bit.ly/webull_sg
► Tiger Brokers Promotion (Free $80): bit.ly/TigerBrokers_SG
VPN
► NordVPN: go.nordvpn.net/aff_coffer_id=...
If your business is keen to do a brand sponsorship, please contact worldknowmore@gmail.com.
DISCLAIMER:
Some of the links in this video/description may be affiliate links. That means, if you click on one of the links and make a purchase, I may receive a commission (at no extra charge to you).
Grab the Octa Trading App at bit.ly/worldknowmore_octa and apply the promo code "KNOWMORE" for a sweet double bonus on your deposit.
Would you buy a property in Johor Bahru? Let us know what you think in the comments!
If you enjoyed this video, do like, subscribe and buy us a coffee: bmc.link/worldknowmore
Check out this video on dark truth behind the delay of the RTS Link: th-cam.com/video/o2LwllKn7NY/w-d-xo.html
I bought a property in JB and sold it… everybody is inefficient… letters go into wrong letter box…
something must be wrong when you see a lot of listings in popular areas such as horizon hills, bt indah and princess cove. too many sellers and too few buyers, added to the oversupply due to the hype of RTS and misleading marketing it is common knowledge that malaysia properties are a bobby trap for foreign investors.
@@user-yk9fw7qc9p Frankly What I find in Malaysia… simply not efficient… very laid back
@@user-yk9fw7qc9p princess cove is not an popular area especially with the selling price. There are alot of project which with consent from the state that Singaporean and foreign can buy with RM4xxk - 5xxk for 2 bedroom. Also its a freehold not like the Medini 129 years. I feel Singaporean should talk to the local more instead of just Agent, if i was an agent i will also sell the premium unit first.
A fellow Malaysian told me it's risky.
Because a foreigner (like Singaporean) buying a property in Malaysia, he can only sell the property to another foreigner.
So if he want to exit and make a profit for example, he had to find another foreigner to buy that Malaysian property.
And in the previous recession in 1997, Malaysia can restrict sellers of properties in Malaysia.. to freeze the money and not able to bring out of Malaysia.
(You can still use the ringgit to reinvest or buy another property in Malaysia but they can restrict you to exchange it to SGD and bring out of Malaysia, as it will cause the currency to weaken)
So there are risks to consider if you are buying JB property.. for investment
If you are thinking of making profit from buying and selling M'sian properties, forget it.
1) Maintenance is not up to par in comparison with Sg. M'sia has ample land to build more new and better properties as time goes. Buyers will go for new properties and not old ones.
2) The ringgit has been depreciating.
3) The govt is not so stable. A change in govt may end up with a different set of rules and laws.
4) Foreigners can only sell their properties to other foreigners.
Never buy a foreign property with expectation to resell and make gain. I refinance a fully paid SG condo to cash out and fully pay a JB condo. I make repayment on my SG condo using its underlying rent, and will thus earn the entire JB condo for 'free' after 8-10 years. I merely get JB condo as an option to stay as retirement home while collect rent in SG
Just bring a cheque and cash in your Singapore account lol. What's the difficult
There is more besides you unable to sell it, the tons of vacant apartments and empty land in JB and the poor maintenance/upkeep etc.
1 - You cannot stay in it 365 days unless you plonk in S$150k in FD in Malaysia for the long term visa.
2 - You have to pay the monthly maintenance for as long as you are stuck with the property or get sued.
3 - You have to pay for property taxes and join in the heart pounding Malaysian election every 5 years.
Don't be surprised one day PAS takes over Malaysia and your house is considered haram and needs to be torn down. Even Anwar's position as PM is not stable, what more your pathetic JB property? For Malaysians, it is probably alright for them to buy cos they are already part of the community there and sort of 'stuck' already. But Singaporeans should not foolishly join in.
@marvelcomiks8078 Facts as you have stated, but certainly sounded overblown. SG property also need to pay tax and maintenance even as HDB, i think even more costly than JB house. Of course S'porean can't stay 365 days, but even SG once a while take a trip to JB for getaway, just come back to SG as getaway and stamp passport. Malaysia has way more land than SG, taking back land and make foreigners hate them? I think if I am a leader, what for? I should find ways just to milk the rich, not taking their home. I have a SG friend bought a landed in JB, has been there more than almost 2 decades. As long you can park money there, not as I see so intimidating
This is a good video with plenty of useful comments from the authors and the viewers.
You may be able to own a "home" earlier in Malaysia but are you willing to permanently live in Malaysia and transit to and fro every day? Not to mention
If Singapore govt give out U-Save vouchers, CDC vouchers or benefits to Singaporean living in HDB you may miss out.
I would advise to still buy a HDB BTO but get a smaller flat that you can afford.
You dun need that $700k flat if you can't afford it.
Condo or flat in Singapore is not freehold. Not worth buy
@@wendyshoowaiching4161 luckily my condo in SG is freehold
@@wendyshoowaiching4161 If you want to suffer financially and mentally for the next 5-10 years, then go ahead and buy the JB condos. The ringgit keeps depreciating in value. Soon 1 to 4. If the value of the condos are so good, why doesn't the local Malaysians (including those working in Singapore) buy the condos? Don't be misled by marketing gimmicks. By the way, SG condos and HDB flats keep increasing in value.
@@wendyshoowaiching4161
It’s ridiculous to think that you can ever buy a flat freehold anywhere. No where in this world can you ever buy a flat without a lease. A “99 year lease” for a flat is an international regulation and is practised worldwide. Even buying a flat in Malaysia also required a 99 year lease.
Some states in the US offer only 50 year lease for a flat. In China, all flats are sold for a 70 year lease. In Singapore, it’s 99 year lease, better than the Americans and Chinese. My advice to you is don’t buy anything in Singapore if you want freehold. Try buying a flat somewhere else, pack up and leave.
@@jer2911.LBecause the locals prefer landed
If Forest City was put into ‘hibernation’ by the Malaysian government and becomes a ‘ghost town’ what’s the difference in these properties that Malaysian government will not do the same, restricting Chinese to own these properties.
You are right, everything about cina are no good, always use the term tanah melayu, n other races are pendatang(immigrants).
That why alot of Mainland Chinese goes to Sarawak and Sabah instead of penisular. These two states got special administration hence different mm2h requirement.
There's a lot of criticism on Johor property investment and I can understand why. Unlike Singapore, Johor property investment isn't easy but for my case, I invested right after the border opened 2 years ago near Bukit Chagar and making 30% profit so far (even with SGD - MYR currency change). It's all about timing and where to invest.
Congrats. Its a zero sum game, someone has make a loss for you to grab an opportunity of gain. I guess its those who make losses when they bought make all the dreadful complaints now.
Try selling it and see what happens
@@NS-qq9nn sour grapes
@@NS-qq9nn Sour grapes? I get 2-3 messages from property agents per week asking to sell my unit as there are SG buyers.
Work in Singapore, get high pay in strong SGD ($1=3.5RM), live in JB with cheaper costs of practically all things....what an ideal combination.
But policies can change with political changes and properties are unmovable assets not easily converted or transported.
So Singaporeans, be very careful with spending your money.
A very good information. ❤
Maintenance is not like Singapore and nice condo soon after few years are in bad shape 😂. That's why I sold my quickly
This is my main concern
Thanks for the info.
Malaysia is well known for roti prata.
JB is not Shenzhen, it is only good for retirement. it doesn't have the population to sustain the property prices. Singaporeans try to think JB can be SZ. it is much cheaper to rent than to buy. BTW, most parts of the world are not doing well, and Singapore property prices are not realistic. after all, maybe 20 years later we may be like Holland under the sea level
Agree. I bought jb as an option to stay/retire just to have my own property in SG rented out for income while working in SG. Never see JB condo really as an investment. Thankfully lately developer sale offers lower quantum 500k ringgit home for purchase in JB.
I agree Singapore prices are not realistic. It will come down one day when people cannot afford as economy is not doing well .
The Johore King and Sultan is good! But the law of Malaysia properties is subjected to change by the. Federal Government. Again who will be the government in every new election.
Laws can changed from time to time. Uncertainty can arise.
buying in JB close to the border makes sense as its so mich more affordable to live in JB and the RTS will be a game changer when its completed. Making SGD and living near the border plus the soon RTS will make the best sense considering the expensive living cost in singapore. its also good for retirement , so dont look to sell
Now if you bought at 1 S$ = RM$3.5, when it goes to 1S$ = RM$4.0,(or 3.85), teach me how to sell at a profit.
Some more if there is any profit while selling, there is a Real property gains tax(RPGT) to pay
Not everyone is buying for profit in mind. Own stay could be one of the reasons.
My uncle is selling a property in Johore. No offer in two years. Now he is offering a Msia car as a sweetener. That is how bad the demand is. Dont buy in Johore. Go and rent for three years and understand the mkt before you make the fateful mistake.
It will mostly benefit wealthy Singaporeans and their seemingly poor proxies, but will it benefit the ordinary Singaporeans or even the average Johoreans, especially the Malays amongst them ?
My aunt had bought an apartment in Penang 30 years ago. She has retired and want to sell and it's price has increased 3 folds . With the exchange rate at 3.5 to 1.0 and converting sell price back to SG dollar, she still lose money .
It is not worthwhile to hold any assets long term , when the currency is falling .
Forrest city is built on reclaimed land , its by China developer, its market is China citizens! it advertised no need to stamp passport to enter Singapore! u think can ? Singapore n Malaysia is Different! China citizens don’t know , paper work of transfer to owner is written in Malay ! u need lawyer to translate Malay to Chinese or English , in Malaysia paper work takes a long time ! I researched a lot on this , Genting Highland condos built there collapsed last 2 months in case u didn’t know some people died.
Well, if you have spare cash meaning at the back of your mind you have already prepared to lose it, why not?
Singapore is too bloody expensive due to the Govt greediness
This is perfect, living in Singapore is no longer feasible plus JB has better food
Only condo worth investing in Jb is only The Astaka, the rest can be risky, Astaka is the tallest condo in Malaysia, its equivalent to ion singapore.
The property tax will drive you crazy. It is growing to the Malaysian government as and when they like.
If I can make money online, why should I live in expensive Dubai? I can go to Thailand or other more affordable See Asian countries n work on,one there. I can stretch my dollars there
I have seen a few downturn economies during the 30-plus years; I think renting houses, factories or lands would be safer than creating a liability for your life! Please don't be emotional and you might fall into that sweet tongue.
Because they are now out buy by the mainland chinese that transfer to singapore. Mainland chinese also out buy singsporeans in landed singaporean property. Ordinary songaporeans now cannot aford to buy a home. Thats why to malaysia
This is nonsense
They wait for singaporeans to snap up huge properties at huge prices, something the locals cannot afford to buy from singaporeans except another singaporean.
But I would have to live in Malaysia… I’d rather live in a one room flat and be in Singapore. Much more freedom n rights (as I am LGBT), cleaner, greener, safer.
Ya, right....buying real estate in a country with dubious credibility is the dumbest thing to do
You can buy a property in JB if you want to have sleepless nights and regretting it every day.
It is goldmine, not 99 years return in investment but freehold. Working with malaysia, one have to understand not to expect a full 24 hours from them. They have other more major priorities. Must have a clear mindset when working with them. Is a two-way traffic with two-way control. Operation will be smooth of one way control but like they say ”when you put two people together supposing to be good but most of the time two times of every things are needed to complete one projects” especially one party feel more superior than the other party. Or what appears to be two parties is actually one party project irrespective who came out with this idea
Better save yours Money .👍
❤❤❤
The best are to live in kampong
The day may come when rich Singaporeans are profiteering landlords in southern Peninsular Malaysia & many devalued Malaysians are renters!
NO thanks to the plummeting Ringgit that has no parachute! 😭😭😭😭😭
Malaysia should banned foreigner to buy property in JB.
sporeans r NOT BUYING JB FLATS...ALL WAITING 4 MORE RINGGIT DROP TO 4 RINGGIT = 1 sg$ @ 4th qtr 2024
Because of the Price $$ Singapore 4 bedroom BTO toa payoh resale cost about $1million.
Johor wins
@wendyshoowaiching4161 Hope is a waking dream. Reality is often disappointing.
'Promo SM'
Quantify please. How many bought? Malay Singaporeans? 😂
U will regret buying a property in Johor.
Property won't appreciate. RM keep dropping. Water pump not working. Poor maintenance. Poor health services. Corrupt gangs & law. All free
Only an idiotic channel like this would egg people on buying Johor properties. Every decade since the 80s, I see Singaporeans met their money grave in Johor properties. To top it all, some western and china developers went into Johor in the 2000s based on Nusujaya promises by Badawi .... also met their end there
To all Singaporeans, do not buy properties in Malaysia. They market the worst deals to Sg.
My uncle is selling a property in Johore. No offer in two years. Now he is offering a Msia car as a sweetener. That is how bad the demand is. Dont buy in Johore. Go and rent for three years and understand the mkt before you make the fateful mistake.