Mr Loo is very down to earth people! He is not buying this JB house for investment, he has said that most likely he will not make money out of this deal and is ready to even write it off (we know that this cannot be true as the property is a freehold landed). He is just enjoying his life and making plan for his retirement and generous enough to share it with everyone. 👍
@@kichia-lk4ql wealthy boomers with spare cash to waste. he is basically spending 2.5million ringgit in total justifying the purchase to a diamond ring.
Investment is not always about money, when you reach a certain stage in life, investment can mean a better lifestyle, if you look at Mr Loo's house, how much do you need to enjoy the huge spaciousness of a huge house? As he said such a size house could easily cost at least 4 to 6 m in Singapore or face living in a cramped stuffy HDB and now he can enjoy landed lifestyle for such a paltry outlay.
@@stephenang499 Precisely when u reach a certain age, u will appreciate the intangibles SG offer that Msia can't. I see so many Msians around me who have been in SG their whole lives as PR finally convert to Sg citizenship when they hit retirement age. I wonder why.
I’m doing wat Mr Loo doing. Live in both SG & JB. 1 property in SG. 1 in Medini Grind in SG. Unwind in JB. More & more people are doing this. U dun know wat ur missing. 👍🏼😍
1 Medini Residence. If u prefer landed , u can check out Horizon Hills and Eco Botanic. I prefer Iskandar Puteri ( near 2nd Link ) bcos more spacious . I avoid Forrest City & all other properties on RECLAIMED LAND.
Mr Loo is spot on about security. JB is "Safer than Europe" but Singapore security is in a different league (to JB et al)! It also depends our what you have. After 6 months living here...We now have 5 cars, all quite "posh" but all not worth stealing. Zero resale value. Also not Protons - so zero value for spare parts also. Three of the cars are above 30 years old. The two "new"cars are 12 years old... but run like new. Oh... and Malaysian mechanics are great!
For someone who always aspire to own a landed freehold property, where SG quantum beyond reach, then its not the price anymore. Happy for him. Personally, I have a FH condo rented out, but staying with my parent. I also bought a FH condo at the lowest possible quantum around RM$500+k in JB,- reason being able to semi-retire and work in SG while still enjoy collecting rental from SG condo, while still having a place to stay in future. I did not choose landed in JB because I regard overseas property more often as for consumption rather than investment. In fact property is poor investment to me, trading stocks are better in return for me. RM$500K+ is a comfy quantum as this amount can't really buy a proper house in SG, and renting in SG is burning cash
In retirement, besides considering the cost of living, shouldn’t one also consider the quality of medical care? Of course people will say jb is near to singapore, anything just come back. But as we all know, in case of emergency, can one be mobile enough to come back for medical attention? 🤔
In retirement planning, u plan for everything especially when u want to retire elsewhere. for your concern regarding emergency , in your planning, plan to buy out of country health care insurance. Problem solved. It’s only money even if u need to go to the local hospital
By the time Mr and Mrs Loo old enough to worry about needing emergency medical care, they can come back stay in their flat in sg; and by then it will also be time for their children and grandchildren to enjoy the jb landed house as holiday home. Isn't this a great plan? Not to mention JB might just catch up with sg on medical facilities and professional care. Cannot assume sg will always stay better.
“Can one be mobile enough to come back for medical attention…….? Take Mr Loo out of the equation,,, u n your family r travelling,,.let’s say in Australia or Korea…..suddenly one of u fell sick n need immediate medical attention,,, what do u do? One will make the decision then …isn’t it?
I won’t do it because I find it tedious to maintain both jb and sg property. When retired, I want to be careful from cleaning etc. I won’t hired maid because I believe cleaning my own place than engaging others.
Hmm another ignorant statement you can get 2 cleaners for 5 hours for RM 180 to clean your house, plus if you do not clutter your landed property it is actually much easier to clean as the robot has unhindered access to the house you can easily get a clean and mop robot also.
@@stephenang499As a landed property stayer I qualify to say that there are maintenance costs every now and then. There will be leaks and faulty cisterns and snakes and rats that need attention $$$. Need to put aside rm500 monthly for maintenance purposes. Not for the faint hearted.
Agree 100% with Mr Loo. For Sgporean who wish to explore properties in Msia particularly in JB, you have to consider to buy as 1) Investment or 2) To stay. For 1) Investment, JB/KL/Penang is a good choice. However, consider condo/apartments aside from just landed. Because you can diversify your huge capital from SG to more number of properties. Research up KL property investments and you'll understand how Msians do their games. But you have to keep in mind your return value shall be in RM rather than SGD. If you are only thinking to buy Landed, then it's more 2) To stay, just as Mr Loo. There's not much investment value for landed if you don't get to flip it. However, you don't want to just buy a Landed in a very remote area with zero/low value. Don't be a donkey. Take note that this type of investment is more suited on a mid career/retiree life. Still, it is always the best to stay where you work so you won't get emotional tiring as well.
PJ will be better but after currency conversion rate, still lose out on opportunity cost. I bought a 3m semi detached at a gated community and sold for 5m.
@@JOSHTANLIVE Its not quiet! Puteri Harbour has hoards of motorcycle bikers who do the tour around the one-way system from 9pm to midnight. they have a good time. (We residents have less of a good time). But the view is great!
It's not just a holiday home. It's a retirement plan because the cost of living is a fraction of Singapore and the property last a lifetime that can be passed down to future generation. My late grandfather owns a home a little bit of land in Johor which now belongs to my father, and he plans to retire in Johor after receiving his monthly CPF payments.
Agree 100% of what Mr. Loo said on the video. I am a Singapore PR who bought a condo near RTS station (Bukit Chagar) right after Covid as my family's weekend home. We've been totally enjoying it so far. Didn't buy for investment purpose but the price has gone up by 30%-40% and like what Mr. Loo said, what happens in 10 years or 20 years, doesn't matter to me. As long as I enjoy the place and can pass on to my children as it's a freehold property.
You are a Malaysian right ? make perfect sense to buy a mlaysian properties. SG buyer as a Foreigner are subjected to possible different kind of taxation n inheritance Tax
I have a question for Mr Loo, if you buy malaysia property, will it affect your Singapore HDB, as the Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property?
Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property? This part may have misconceptions ^ It applies only when you are buying a HDB not when already own HDB then buy overseas property Hope it answers k
JP housing investment can't be an investment. You can only buy one and be a weekend holiday place. Even though, I hv a truce case to share. My brother in law has a small landed in JB. Bought only a few years but resale value already keep dropping. Want to pass over to his 2 sons but none wants to take over. So, they hv to drive in and out continuously over the weekend to 'enjoy' it. When they first got the house, it was like a dream come true to stay in landed. Now, they start to feel that retiring in Singapore is better for them. Medical concerns are one of the reasons. Also, they hv admitted that staying long term in JP is not healthy. As everything there is so much cheaper than in Singapore, everyone who goes there usually tends to eat uncontrollably.
@@JOSHTANLIVEI think Mr loo used the incorrect term “write off”:,:n misunderstood by a lot of people. There’s is no write off, like an insurance claim of a wrecked car. Mr loo should simply said:”It wouldn’t matter if the house appreciates or depreciates in value down the road as it would not be sold”, instead of saying write off n using Chanel n Rolex items to explain , that triggered the ”how Lian” comments…. Lol
One alternative for retirement, for those who are not comfortable with big investment into overseas property, or even rental lockup, is to just stay 1-2 months airBnB at various places in Msia, Thailand, Bali…. Where cost of living is lower. You stay as per your tourist visa allows, no need for any long term visa. In between u come back SG for your medical checks, enjoy subsidised healthcare as citizen, catch up with friends and relatives here, then u go to another place to explore and experience staying there. No sunk cost, no risk of getting bored. Sometimes your friends can even come bunk in at your AirBnB.
Mr. Loo indeed has some incisive insights into Malaysia in general and JB in particular. And note, implicitly, he is pointing to an arbitrage situation that is, longer term, not sustainable (in my humble opinion). To the point, at the margin, Singapore has not just become unaffordable but not worth the cost for the small marginal return at this juncture: Singapore has cornered the market in its own stock. Mr. Loo offers many examples of this. The cheap, undervalued option of Malaysia/JB is there for the taking for those who can bear some risk and exercise patience. I suspect this is why Mr. Loo advises on managing one's expectations on Malaysian property purchases. But the writing is on the wall folks. Excellent interview!
@christoper… “ Singapore…become unaffordable not worth the cost for the small marginal return at this juncture…” Granted it’s unaffordable for most Singaporean for landed properties ,in Mr Loo’s case n with his wealth, he can surely afford by leveraging but he chose not to. In terms of marginal return, I think the return will b greater in the far future due to land scarcity n if Singaporean are still chasing landed properties. If one can afford a landed property ,one should buy now,this segment of property can only appreciates in value. Finally, Sg is expensive now
@@david888a I was referring to the wider range of costs in Singapore, not just property e.g. food, COE, rent, entertainment, transportation, tax (GST) etc. So, at this juncture in 2024, what is the marginal benefit? Low crime? Stable politics? Maybe. So, imagine a small island, with high costs and marginal return sitting next to a larger land mass with resources, low costs and a large potential, long term return. The arbitrage is there if one is willing to assume the risk. Singapore remains a fantastic place if you can afford it, but how much more fantastic can it become at this point? Thanks for your feedback.
Yes not all properties in SG are making profits. Also the hassles of handling property change tenants and repairs are not fun, that’s why I plan to sell one by one in few years time
In Malaysia, property prices vary from regions. My 20 x 70 double-storey landed property, 25 minutes from KL International Airport, costs RM500K (SGD142K), with nearby Singaporean families. Conversely, my friend's well-maintained 3-room apartment, 20 minutes from KL, is priced at RM300K (SGD85K). Generally, properties in this area are deemed expensive.
Malaysians will buy SG for capital preservation (ringgit depreciating, stable sg gov), Singaporean will buy MY for lifestyle (lower cost of living , slower pace). I think this is the simple reason.
Agree with the gentleman. Enjoy life. I move between my Hong Kong condo and my KL landed property. Enjoy the best of both worlds and lifestyles . I love this arrangement so much that I no longer enjoy travelling (as a tourist) to other countries.
No point to make hundreds of thousand or even millions in stock market and not enjoying life to certain extent. Properties in good area in Malaysia are unlikely to depreciate, especially freehold land, as raw materials and labour always go up
For being a smart investor, I am surprised that Mr Loo tore down the house to almost the basic structures. If he had used the money for renovations to invest in another property, Mr Loo would have earn on another property.
"Austin Heights like staying in Holland V". Far from it!! but look , Mr. Loo is right for most of other arguments he made, I am weighing in as someone who stayed there for school holidays with family (thank you bro Steven). but remember not to be blind sighted by "so much cheaper than an HDB. " It may be not your cup of tea. My friend later sold it as Mr. Loo said , don't expect a profit' It is a life style , it is not an investment. Holland V and vicinity is a fantastic life style and a smartest investment.
I stay in holland village. Yups , I can give you first hand experience comparing the two. Austin Heights is a far better place. The number of cafes and eateries and lifestyle concepts far exceed holland village. The chic , the creativity , the trendiness of the crowd , I think hollandV is unable to match. I can count at most 5 cafes worthy of return visit in hollandV , but austinH has much much more , easily 20 cafes that are worthy of return visit. ( and I have not yet finish exploring the place )
Like to know more of the rules for foreigners to buy property in M’sia eg loan quantum, Type of property eg shop houses? Freehold or lease hold? Any rules or restriction for foreigners compare to Malaysian
IMO, politics play a significant role in Malaysia. During Najib's time, it was effortless to acquire any property without any restrictions, minimum taxes and a long-term visa. However, following Najib's collapse, all of these liberal foreign policies were wiped out overnight. This not only undermined Malaysia's credibility as a nation but also destroyed foreign confidence in Malaysia as a country that honors its commitments.
i have worked and stayed in countries like Russia, Kazakhstan, Turkmenistan, Mongolia, China, India, Vietnam, Brunei, Philippines, USA, and business trips and vacations to Canada, Australia, NZ, Korea, Thailand, Indonesia, Italy, France, Switzerland, Austria, etc and never have been pickpocketed, robbed or even threatened. So you just have to be aware of your surroundings - spatial awareness - and not think nothing is going to happen to me regardless where i go or do. Don't be stupid
Horizon Hills is quite nice area in Iskandar Puteri. Close enough to Bt Indah (Pretty mature taman & 10mins away from Medini/Eco Botanic/Puteri Harbour/Sunway Iskandar/Legoland/Gleneagles Medini Hospital etc.) 25mins to JBCC/CIQ & 20mins to Tuas CIQ.
$2,100,000 / 360 months = $5,800 per month in rent. Loo is right. Loo has relatives living there. Loo is also right to rent if you do not have any relative there. You can rent a cornered terrace elsewhere of 4, 500 square feet for $2,300 per month in Johor Bahru which is selling @ $850,000. Currently, there are abundance of houses for rent or sale in JB. Landed homes in any country faced with mosquitoes, insects, rodents and other uninvited guests. You also need a car to bring you around for groceries and eateries. Finally, you need a good medical care when you fall ill, and if the illness is serious, you need a good hospital nearby in an urgent.
@@JOSHTANLIVEthere’s lots of comments on medical n the need for emergency medical services, although it’s important,it can b easily resolved by buying out of country medical insurance, just like when u go on vacations for extended period. Company’s medical coverage covers that too. It’s not an issue if u include that in your retirement if u plan on retiring elsewhere.
I open to purchasing property in Mlysia for retirement but for RM1.95m, i am definitely against it. I really wonder as an investment preacher, why would u purchase a RM1.95m for retirement?!
@@JOSHTANLIVE I myself oso bought Malaysia home for retirement but at RM900k at Medini. But if you were to ask me purchase RM1.95m, I will never do it.
France is an ex-colonial country with many African descendants. Naturally, when Singaporeans go over, we act like tourists unable to speak French, etc, and hover around places like Lourve & Eiffel Tower and prone to pickpockets. Learn the language and embrace their rich history rather than say they are unsafe vs JB where Chinese is the 2nd largest race and you can speak Melayu & you just spent RM2m.
The Mindset of some S’poreans after they purchased the Property/Properties their priority changes. Firstly, it’s Capital Appreciation. When the market goes up, they refused to sell (usually this group is debt-free). They circling around for awhile highlighting Maintenance Fee etc.
@@JOSHTANLIVE lol. They all sg pr. They told me they won't dare to buy JB condos. They Only own hdb in sg. Lol. If they shld buy, it would only be a Malaysian LANDED. NEVER jb condo lol
@@barcaewok7229for your info Malaysians would prefer to buy landed properties over high rise living in Malaysia. Unless no choice like in KL where landed properties are expensive.
Asking Malaysian who are staying in HDB about property investment idea is the same as a Malaysian staying in a gated guarded community be it a strata landed or condo asking his Nepalese security guards about property investment in Nepal…. If those of ur Malaysian friends are wise property investment personnel, they won’t have to be cheap labour in ur precious little country… dude…
@@TheAlbert18361 you are right. In Malaysia we prefer living in landed properties rather than living in high rise given the choice. You are buying air i/o land for high rise lol.
Which european countries are dangerous? I live in most European countries and major cities due to business lately in Cyprus since covid years. Total Paradise, 1000% safe. Don't be prejudiced !!! Unless you people know these European countries very very well. Of course, no countries in the world are perfect. Come back to Mr loo, he is free to buy everywhere or anywhere he deems fit for his family and self enjoyment. This is what money can bring. Needless care of what others think of how he spend his bucks. The World is your Oyster !!!
Then you are not actually retiring yet , in 20 years what will be the situation in JB or Malaysia , who knows ? Now all we know is you are incurring extra cost keeping 2 places without renting out your Singapore home yet . Not many can afford to do that. A serious retiree would rent out the Singapore home. Apply for the MM2H . That would be real commitment
@@JOSHTANLIVE You should have asked him, does he travel there on visitor visa, in and out? The visitor visa is not for living in malaysia, so he is flirting with the law and the immigration can ban him anytime. I am shocked how come you didnt ask him such an obvious question?
Excellent timing for a Freehold landed property investment in Malaysia. It will appreciate 30%+ in 5 years. Key price drivers are inflation, cost of land & building materials and location demand / supply. I humbly share my 40 years property investing experience.in Malaysia. Remember location, location, location.
yolo and enjoy landed property ( since sg he cannot afford a decent side with RM1.9m ) before he die mah but jb security is overall bad. I have many relatives there from my mother side and they complained about house break ins. House breakers are known to be arrested to police station and released at the side gate, probarly they bribed the polis enough.
@@JOSHTANLIVE just no faith in their polis force. So corrupted even ask my auntie for a bribe so can release faster in 1 hour instead of detaining him for 48hrs when there is no case against her son.
Will share my 2 cents. One thing you neglected to discuss is the burden of owning a JB property if you ever choose to buy another HDB again. My parents are in this situation where they have a JB property but they are getting old and looking to downsize to a smaller HDB since a bigger home means more upkeep (worse still if your current home have a staircase which is a potential health risk). Unfortunately HDB refuses to let you buy another resale or BTO if you own JB property. You are technically forced to sell or transfer your JB property if you are looking to keep your retirement home HDB option open or be forced to go private. Now they need to transfer the property to their kids which works only if they have a specific circumstance where their children already own private property of their own/ not looking into HDB/ live in HDB but already served their MOP. I would think twice about owning Msia Property, unless you are rich enough to never consider HDB flats.
Good points . I think when Mr loo was considering buying a house in JB, he already factored in your concern of not being able to buy another HDB OR BTO in Sg, don’t think he went in blind. Also, it’s 20 years time, shit can happen in that long period,isn’t it?
Well, if we compare it with buying a brand new bmw or mercs, maybe it make sense as u can enjoy the house more than 10 yrs! (Other factors remain the same..)
For 1.95m ringgit and putting it to proper investment..... i can live in China, Taiwan, Japan with Airbnb forever and is not stuck at JB...LOL... anyway, his choice...
The answer is no.I wonder what happened to principle of any Asean country licence is valid to drive in each other country.That was agreed many years ago during one of the Asean ministers meetings.
@@lamsailait4114one can still drive in any country , example, u rent a car in Australia or America while on vacation ,also Singaporean like Mr Loo or anyone else if he/they obtain the MM2H, he/they can apply for the Malaysian drivers license…
Different idealogy. He buys it for his lifestyle, nothing to do with value appreciation. Going the other direction with someone who is looking for appreciation. So for those looking for appreciation, don't buy blindly.
Yes, you can the car here is around 30k- 50k Ringgit if you want to buy perodua (dont buy proton please..). so if might cost around 9k SGD for basic Perodua axia car model. And you can pump ron95 as long you drive a Malaysia carplate
You “ CONFRONTED” him ??? 🤔 😅You sounded much more polite when asking 😂 I somewhat feels that he is contradicting himself sometimes 😅 bordering on “ haolian “😂🤣 writing off his 🏡, showing that he’s wearing expensive watch etc etc …is screaming “ look at me, I’m rich, I can afford it.. and comparing it to others buying luxury cars and handbags? … it’s a lousy example 🤣“Educating” or what he called as sharing with others on property in Malaysia and at the same breath speaking on “ no shame in staying in a HDB” Is that not contradicting? Hell it is 😂 However glorious it may seemed to be, it is still not your Country , not your HOME 🇸🇬 “ That country” did not want us, kicked us out and I will not put my $$$ in that land. Let’s just called it Patriotism 😉
I don’t think it’s a fair comparison and in fact misleading when u are comparing between sg and Malaysia as u are putting the exchange rate into the equation. Not everyone has the luxury of earning sgd and spending rm.
Actually you can, unless you're banned in Malaysia. Almost every Singaporean working in SG, can hop into JB by bus, car or shuttle train. Every week if you have the time. And spend RM shopping, eating and using the services there. Actually, it's the exchange rate that makes it much more worthwhile to do that.
I bought 5 properties in JB (sold 2 and holding on to 3). I also bought 1 unit in a resort in Port Dickson. I cant think of a better place to call home than Malaysia. My income source is largely in S$. So am I concerned about Ringgit depreciation? Absolutely not! 80% of my expenses are in Ringgit. So every time Ringgit falls, my expenses becomes cheaper. So basically I earn in S$, I spend in Ringgit : )
yes, most of the car number plate is singapore registered........... but 70% of them are Singapore PRs' working and living in singapore and public holiday and weekend goes back to malaysia................. agree??????????????
Oh....is because Mr. Loo's relative is there, therefore anything that happens still gets someone to HELP! It is not so in terms of big land and cheap..... to stay alone!
One man’s meat is another man’s poison. There are many factors to consider. 1st, are you using all cash to purchase? Effective mortgage interest rate is close to 5%. 2nd, ringgit $ has been depreciating over the years, from 2008’s 2.4 to current 3.5 3rd, maintenance cost for landed properties is quite a substantial sum in Malaysia. Especially the external facades and boundary walls and landscaping. On hindsight, at least for me, you can rent. Change location every now and then, when u need a change of scenery. But if your butt is itchy, then settle for something around 2500sqft or under Rm 1 million. Just my personal opinion 😅
As mentioned, it's about being in a community of relatives. Can't expect all your relatives to move around with you every time your backside is itchy and tired of the current view. Also with rental, after decades of renting there's nothing left for your next generation. If one is childless than no problem. Let's not project our POV as the ONLY logical way.
Then you stay in SG. No one forcing you to stay at 2 places. I believe Mr Loo said he's very energetic. If you are not energetic because you're in the rat race, then live in only one place.
@@eiooops it depends on many factors… own stay or investment? Resale (subsale in malaysia) or new launch? Ur age profile…. Ur capability of serving the loan… and ur capability of actively managing ur investment… it won’t be a simple yes or no answer… but one thing that one shouldn’t worry is the interest rate environment as it is out of our control and it is simply fruitle to try to predict the interest rate movement… Banks are the most financially sophiscated institutions on earth… in general, it’s a much more financially savvy investment decision if u manage to secure a mortgage from the banks…
A good place to buy is Eco Botanic just 10 minutes from Tuas. Awesome new township, , hundreds of cafes and restaurants, masterplan design homes. Another place nearby is Setia Eco Garden at Gelang Patah where you live in a quiet hillside with fresh air, and the corner 4 room double storey is only RM 800k, with a huge garden as big as the ground coverage of your house. These are the places where most Malaysians working in Sg buy in Jb
S$600k is A BIG AMount. Throwing away this money is quite illogical as he already built them into his assumption. It tells me there is lack of confidence.
You have worsening ringgit, i don't see how the property will be a hedge against inflation. Looks like Mr Loo's go-to for the purchase is more for personal reasons. Mr Loo is right that property, luxury products etc go through cycles. You have to make the right choice at the right time to buy and sell. Not advocating speculating, but one has got to do ample research and got to know the markets well for each of these assets before they make a move to own or a move to sell them. Bottom line is - he is rich enough to splurge 1.9RM - 2.1million RM for a house and say it is ok that he is prepared to write it off. I do not think that the average singaporean can afford to do this.
@@JOSHTANLIVE agreed. So viewers and the average person have to take caution when viewing what he does. He is not the average Singaporean. The average Singaporean dual income family makes a BTO purchase and usually have to secure a 30 yr mortgage either from hdb or the bank
To see updates and interesting polls, join my TELEGRAM "Josh Tan Investment Official Group" here
joshtan.link/telegram
See you inside 👍🏻
He is not Hao Lian, he is rich, willing to share knowledge and explain answer very well at his personal view.
your money, your life, just do what is best for yourself, not right or wrong answer
Very frank n practical view from Mr Loo. If you have d money n wish to spend Malaysia is a paradise for you not only at Mt Austin. Great view from Loo
Mr Loo isn't hao Lian. He is showing us what other possible lifestyle options u can get for in Msia at affordable price.
great sharing for those Singaporean want to property purchase In Malaysia =) good job
Thanks @xiaomashitu
If you've further tips from your experience, do share them too
Unless u got extra cash like Mr. Loo.
Congratulations to Mr Loo for achieving his retirement freehold home! This is so inspiring and informative. 🎉. Thank you Josh for arranging this.
No probs, smash the subs and stay tuned for more =)
Mr Loo is very down to earth people! He is not buying this JB house for investment, he has said that most likely he will not make money out of this deal and is ready to even write it off (we know that this cannot be true as the property is a freehold landed). He is just enjoying his life and making plan for his retirement and generous enough to share it with everyone. 👍
You actually believe? Write off RM1.9m (or S$540k) might as well spend it in Sg. He is obviously betting on JB lah, lol
@@kichia-lk4qlwhy do you care how and where he spends his money to conclude “better spend in Singapore” ?
@@Dantheman8222 Time will tell, meanwhile the exchange rate...
@@kichia-lk4ql wealthy boomers with spare cash to waste. he is basically spending 2.5million ringgit in total justifying the purchase to a diamond ring.
Writing off a property has nothing to do with whether it is free hold or not.
Very wise decision, this is exactly what I also want to do in future. stretch my dollar. Singapore is too expensive.
Thank you for sharing.
Yes, each of us have different expectations and experiences.
No probs, stay tuned for more good discussions coming
He is happy, so worth it. For mass majority, it’s not a good investment
Investment is not always about money, when you reach a certain stage in life, investment can mean a better lifestyle, if you look at Mr Loo's house, how much do you need to enjoy the huge spaciousness of a huge house? As he said such a size house could easily cost at least 4 to 6 m in Singapore or face living in a cramped stuffy HDB and now he can enjoy landed lifestyle for such a paltry outlay.
True singaporean thinking, everything is about making money...
@@stephenang499 Precisely when u reach a certain age, u will appreciate the intangibles SG offer that Msia can't. I see so many Msians around me who have been in SG their whole lives as PR finally convert to Sg citizenship when they hit retirement age. I wonder why.
Very thankful to Mr Loo for his very generous and insightful sharing. Thanks Josh for this video.
No problem =) Smash the subs and stay tuned for more k
I’m doing wat Mr Loo doing. Live in both SG & JB.
1 property in SG. 1 in Medini
Grind in SG. Unwind in JB.
More & more people are doing this. U dun know wat ur missing. 👍🏼😍
Which project in Medini? Any further suggestions from experience?
1 Medini Residence.
If u prefer landed , u can check out Horizon Hills and Eco Botanic.
I prefer Iskandar Puteri ( near 2nd Link ) bcos more spacious .
I avoid Forrest City & all other properties on RECLAIMED LAND.
@@srituah but medini properties are leasehold~ how much you bought it~?
im also exploring some jb properties. im looking for seaside properties with good security. any recommendation?
@@Longtermalwayswins Horizon Hills first choice, but it's not on the seaside.
Mr Loo is spot on about security. JB is "Safer than Europe" but Singapore security is in a different league (to JB et al)! It also depends our what you have. After 6 months living here...We now have 5 cars, all quite "posh" but all not worth stealing. Zero resale value. Also not Protons - so zero value for spare parts also. Three of the cars are above 30 years old. The two "new"cars are 12 years old... but run like new. Oh... and Malaysian mechanics are great!
You are happy that you have 5 cars? You don't plan your trips to car pool? You may have the money to buy cars but it doesn't mean you should.
@@NS-qq9nn It costs S$3950 to buy a perfect condition older Mercedes car. Less than road tax and insurance in Singapore.
😂@@YangGQnice bro
😅
I enjoyed the generous sharing by Mr Loo
Thank u very much !
For someone who always aspire to own a landed freehold property, where SG quantum beyond reach, then its not the price anymore. Happy for him.
Personally, I have a FH condo rented out, but staying with my parent. I also bought a FH condo at the lowest possible quantum around RM$500+k in JB,- reason being able to semi-retire and work in SG while still enjoy collecting rental from SG condo, while still having a place to stay in future. I did not choose landed in JB because I regard overseas property more often as for consumption rather than investment. In fact property is poor investment to me, trading stocks are better in return for me.
RM$500K+ is a comfy quantum as this amount can't really buy a proper house in SG, and renting in SG is burning cash
In retirement, besides considering the cost of living, shouldn’t one also consider the quality of medical care? Of course people will say jb is near to singapore, anything just come back. But as we all know, in case of emergency, can one be mobile enough to come back for medical attention? 🤔
In retirement planning, u plan for everything especially when u want to retire elsewhere. for your concern regarding emergency , in your planning, plan to buy out of country health care insurance. Problem solved. It’s only money even if u need to go to the local hospital
So scared die just stay next to hospital all your life
By the time Mr and Mrs Loo old enough to worry about needing emergency medical care, they can come back stay in their flat in sg; and by then it will also be time for their children and grandchildren to enjoy the jb landed house as holiday home. Isn't this a great plan?
Not to mention JB might just catch up with sg on medical facilities and professional care. Cannot assume sg will always stay better.
“Can one be mobile enough to come back for medical attention…….?
Take Mr Loo out of the equation,,, u n your family r travelling,,.let’s say in Australia or Korea…..suddenly one of u fell sick n need immediate medical attention,,, what do u do?
One will make the decision then …isn’t it?
Take ambulance
I won’t do it because I find it tedious to maintain both jb and sg property. When retired, I want to be careful from cleaning etc. I won’t hired maid because I believe cleaning my own place than engaging others.
Hmm another ignorant statement you can get 2 cleaners for 5 hours for RM 180 to clean your house, plus if you do not clutter your landed property it is actually much easier to clean as the robot has unhindered access to the house you can easily get a clean and mop robot also.
@@stephenang499As a landed property stayer I qualify to say that there are maintenance costs every now and then. There will be leaks and faulty cisterns and snakes and rats that need attention $$$. Need to put aside rm500 monthly for maintenance purposes. Not for the faint hearted.
Then you should get a 2 room flexi. Less area to clean
Agree 100% with Mr Loo. For Sgporean who wish to explore properties in Msia particularly in JB, you have to consider to buy as 1) Investment or 2) To stay. For 1) Investment, JB/KL/Penang is a good choice. However, consider condo/apartments aside from just landed. Because you can diversify your huge capital from SG to more number of properties. Research up KL property investments and you'll understand how Msians do their games. But you have to keep in mind your return value shall be in RM rather than SGD. If you are only thinking to buy Landed, then it's more 2) To stay, just as Mr Loo. There's not much investment value for landed if you don't get to flip it. However, you don't want to just buy a Landed in a very remote area with zero/low value. Don't be a donkey. Take note that this type of investment is more suited on a mid career/retiree life. Still, it is always the best to stay where you work so you won't get emotional tiring as well.
PJ will be better but after currency conversion rate, still lose out on opportunity cost. I bought a 3m semi detached at a gated community and sold for 5m.
Putreri Harbour gd place, near legoland ,but hotel Jen n Ascott closed down, kittyland tooo..😢
Oh ive a viral tiktok video showing how much quieter it is these days
@@JOSHTANLIVE Its not quiet! Puteri Harbour has hoards of motorcycle bikers who do the tour around the one-way system from 9pm to midnight. they have a good time. (We residents have less of a good time). But the view is great!
Nice to interview Mr Loo. Interview me Josh Ill help answer the general idea why people still buy property in JB whether for own use or investment
Hi Ryan ok, will post some challenging questions to you soon
It's not just a holiday home. It's a retirement plan because the cost of living is a fraction of Singapore and the property last a lifetime that can be passed down to future generation. My late grandfather owns a home a little bit of land in Johor which now belongs to my father, and he plans to retire in Johor after receiving his monthly CPF payments.
Hi Mr Loo, how do u pay for the property? Opening a bank account in Malaysia and TT the money over or by cash? Thanks
Mr 1M63 is totally right about buy and forget about appreciation.
Agree 100% of what Mr. Loo said on the video.
I am a Singapore PR who bought a condo near RTS station (Bukit Chagar) right after Covid as my family's weekend home.
We've been totally enjoying it so far.
Didn't buy for investment purpose but the price has gone up by 30%-40% and like what Mr. Loo said, what happens in 10 years or 20 years, doesn't matter to me.
As long as I enjoy the place and can pass on to my children as it's a freehold property.
You are a Malaysian right ? make perfect sense to buy a mlaysian properties. SG buyer as a Foreigner are subjected to possible different kind of taxation n inheritance Tax
@maxp670 not Malaysian
Jb landed not safe ? Abit scary. On the other hand I think Mr Loo is correct. Holiday house to relax is awesome. Singapore can be tiring to retire.
An eye - opening discussion
Thank you for the high praise
Good to see Mr Loo invited by Josh! My fellow retire-in-malaysia kaki!
You can explore one in Austin heights also Chris, ask Loo for tips =P
@@JOSHTANLIVE Maybe u can interview Chris next to find out whether he has found any "hidden" makan places in Msia just like Mr Loo 😋
Brother HoneyMoney, u also got 600k SGD write off like Mr Loo??
Chris now your turn to collab with Mr Loo! Will be interesting!
I have a question for Mr Loo, if you buy malaysia property, will it affect your Singapore HDB, as the Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property?
Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property?
This part may have misconceptions ^
It applies only when you are buying a HDB not when already own HDB then buy overseas property
Hope it answers k
You are right. I agreed what he said.
Good for retiree to buy landed in JB but to stay and of course you must have the spare cash to maintain the property.
Yes agree I go to Vietnam Cambodia Jakarta no problem just be alert. I don't got robbed nor mugged
JP housing investment can't be an investment. You can only buy one and be a weekend holiday place. Even though, I hv a truce case to share. My brother in law has a small landed in JB. Bought only a few years but resale value already keep dropping. Want to pass over to his 2 sons but none wants to take over. So, they hv to drive in and out continuously over the weekend to 'enjoy' it. When they first got the house, it was like a dream come true to stay in landed. Now, they start to feel that retiring in Singapore is better for them. Medical concerns are one of the reasons. Also, they hv admitted that staying long term in JP is not healthy. As everything there is so much cheaper than in Singapore, everyone who goes there usually tends to eat uncontrollably.
Wah, not many people can write off SGD 600k for malaysia property. Only the very rich can afford while many are still struggling.
Yes do find the right priorities for your situation
@@JOSHTANLIVEI think Mr loo used the incorrect term “write off”:,:n misunderstood by a lot of people. There’s is no write off, like an insurance claim of a wrecked car.
Mr loo should simply said:”It wouldn’t matter if the house appreciates or depreciates in value down the road as it would not be sold”, instead of saying write off n using Chanel n Rolex items to explain , that triggered the ”how Lian” comments…. Lol
@@david888a well said
One alternative for retirement, for those who are not comfortable with big investment into overseas property, or even rental lockup, is to just stay 1-2 months airBnB at various places in Msia, Thailand, Bali…. Where cost of living is lower. You stay as per your tourist visa allows, no need for any long term visa. In between u come back SG for your medical checks, enjoy subsidised healthcare as citizen, catch up with friends and relatives here, then u go to another place to explore and experience staying there. No sunk cost, no risk of getting bored. Sometimes your friends can even come bunk in at your AirBnB.
Good points raised!
Mr. Loo indeed has some incisive insights into Malaysia in general and JB in particular. And note, implicitly, he is pointing to an arbitrage situation that is, longer term, not sustainable (in my humble opinion). To the point, at the margin, Singapore has not just become unaffordable but not worth the cost for the small marginal return at this juncture: Singapore has cornered the market in its own stock. Mr. Loo offers many examples of this. The cheap, undervalued option of Malaysia/JB is there for the taking for those who can bear some risk and exercise patience. I suspect this is why Mr. Loo advises on managing one's expectations on Malaysian property purchases. But the writing is on the wall folks. Excellent interview!
Thank you for the high praise 🙏
@christoper… “ Singapore…become unaffordable not worth the cost for the small marginal return at this juncture…” Granted it’s unaffordable for most Singaporean for landed properties ,in Mr Loo’s case n with his wealth, he can surely afford by leveraging but he chose not to. In terms of marginal return, I think the return will b greater in the far future due to land scarcity n if Singaporean are still chasing landed properties.
If one can afford a landed property ,one should buy now,this segment of property can only appreciates in value.
Finally, Sg is expensive now
@@david888a I was referring to the wider range of costs in Singapore, not just property e.g. food, COE, rent, entertainment, transportation, tax (GST) etc. So, at this juncture in 2024, what is the marginal benefit? Low crime? Stable politics? Maybe. So, imagine a small island, with high costs and marginal return sitting next to a larger land mass with resources, low costs and a large potential, long term return. The arbitrage is there if one is willing to assume the risk. Singapore remains a fantastic place if you can afford it, but how much more fantastic can it become at this point? Thanks for your feedback.
@@christopherbobin4268 hence my closing that Sg is expensive now without going into detail of car ownership n others…
Yes not all properties in SG are making profits. Also the hassles of handling property change tenants and repairs are not fun, that’s why I plan to sell one by one in few years time
In Malaysia, property prices vary from regions. My 20 x 70 double-storey landed property, 25 minutes from KL International Airport, costs RM500K (SGD142K), with nearby Singaporean families. Conversely, my friend's well-maintained 3-room apartment, 20 minutes from KL, is priced at RM300K (SGD85K). Generally, properties in this area are deemed expensive.
Malaysians will buy SG for capital preservation (ringgit depreciating, stable sg gov), Singaporean will buy MY for lifestyle (lower cost of living , slower pace). I think this is the simple reason.
Msia is for retirees. Not for those building careers. But important for me is distance to meet with my parents and friends
Agree with the gentleman. Enjoy life. I move between my Hong Kong condo and my KL landed property. Enjoy the best of both worlds and lifestyles . I love this arrangement so much that I no longer enjoy travelling (as a tourist) to other countries.
No point to make hundreds of thousand or even millions in stock market and not enjoying life to certain extent. Properties in good area in Malaysia are unlikely to depreciate, especially freehold land, as raw materials and labour always go up
Wise and balanced statement.
How about the resident visa? You should have asked him this most important question.
clear and simple explanation - good job by poth parties.
Thank you for the praise
For being a smart investor, I am surprised that Mr Loo tore down the house to almost the basic structures. If he had used the money for renovations to invest in another property, Mr Loo would have earn on another property.
We really dunno the situation but your point of view noted
Sgd 600k for a semi-d FREEHOLD property is ok lah..u never able to buy such property in Singapore..
2 of my favorite fin influencer sg🎉
Thank you for the high praise
"Austin Heights like staying in Holland V".
Far from it!! but look , Mr. Loo is right for most of other arguments he made,
I am weighing in as someone who stayed there for school holidays with family (thank you bro Steven).
but remember not to be blind sighted by "so much cheaper than an HDB. "
It may be not your cup of tea. My friend later sold it as Mr. Loo said , don't expect a profit'
It is a life style , it is not an investment.
Holland V and vicinity is a fantastic life style and a smartest investment.
I stay in holland village. Yups , I can give you first hand experience comparing the two. Austin Heights is a far better place. The number of cafes and eateries and lifestyle concepts far exceed holland village. The chic , the creativity , the trendiness of the crowd , I think hollandV is unable to match. I can count at most 5 cafes worthy of return visit in hollandV , but austinH has much much more , easily 20 cafes that are worthy of return visit. ( and I have not yet finish exploring the place )
Like to know more of the rules for foreigners to buy property in M’sia eg loan quantum, Type of property eg shop houses? Freehold or lease hold? Any rules or restriction for foreigners compare to Malaysian
Min quantum RM1m
Should be the only rule. Anyone w experience do share on ^ 👍
Hi Mr Loo, do u advise getting a msia car or u settled w sg car travelling between both place
IMO, politics play a significant role in Malaysia. During Najib's time, it was effortless to acquire any property without any restrictions, minimum taxes and a long-term visa. However, following Najib's collapse, all of these liberal foreign policies were wiped out overnight. This not only undermined Malaysia's credibility as a nation but also destroyed foreign confidence in Malaysia as a country that honors its commitments.
valid points raised
Does Mr Loo has to pay ABSD for his JB house to SG Govt since it is his 2nd properties after his HDB Flat in SG? How much..20%?
Absd only on sg properties
i have worked and stayed in countries like Russia, Kazakhstan, Turkmenistan, Mongolia, China, India, Vietnam, Brunei, Philippines, USA, and business trips and vacations to Canada, Australia, NZ, Korea, Thailand, Indonesia, Italy, France, Switzerland, Austria, etc and never have been pickpocketed, robbed or even threatened. So you just have to be aware of your surroundings - spatial awareness - and not think nothing is going to happen to me regardless where i go or do. Don't be stupid
A lots of choices of food there in Mt Austin but I prefer medini ,puteri harbour area.
Eco gardens area?
@@JOSHTANLIVE no good , quite far away , not convenient location.
Horizon Hills is quite nice area in Iskandar Puteri. Close enough to Bt Indah (Pretty mature taman & 10mins away from Medini/Eco Botanic/Puteri Harbour/Sunway Iskandar/Legoland/Gleneagles Medini Hospital etc.) 25mins to JBCC/CIQ & 20mins to Tuas CIQ.
@@erictiong8575 horizon hill is a good choice, need to be careful of water leakage problem if buy sub sale.
Same! Prefer Horizon Hills
I agree w Loo as well. No need to think about appreciation all the time .
He has the $$$$$. Loo is loaded and rich. he can buy anything he wants.
$2,100,000 / 360 months = $5,800 per month in rent. Loo is right. Loo has relatives living there. Loo is also right to rent if you do not have any relative there. You can rent a cornered terrace elsewhere of 4, 500 square feet for $2,300 per month in Johor Bahru which is selling @ $850,000. Currently, there are abundance of houses for rent or sale in JB. Landed homes in any country faced with mosquitoes, insects, rodents and other uninvited guests. You also need a car to bring you around for groceries and eateries.
Finally, you need a good medical care when you fall ill, and if the illness is serious, you need a good hospital nearby in an urgent.
Very good points raised
@@JOSHTANLIVEthere’s lots of comments on medical n the need for emergency medical services, although it’s important,it can b easily resolved by buying out of country medical insurance, just like when u go on vacations for extended period. Company’s medical coverage covers that too. It’s not an issue if u include that in your retirement if u plan on retiring elsewhere.
Today, the property prices are at much attractive prices since
Why not retire in China? Senzhen area?
JB is driving distance. V low cost
How is your renovation? Share?
There are many other factors to consider to retire in JB.
I open to purchasing property in Mlysia for retirement but for RM1.95m, i am definitely against it.
I really wonder as an investment preacher, why would u purchase a RM1.95m for retirement?!
If core retirement needs are fulfilled, the surplus can be for other retirement goals - in this case a second home?
@@JOSHTANLIVE I myself oso bought Malaysia home for retirement but at RM900k at Medini. But if you were to ask me purchase RM1.95m, I will never do it.
France is an ex-colonial country with many African descendants. Naturally, when Singaporeans go over, we act like tourists unable to speak French, etc, and hover around places like Lourve & Eiffel Tower and prone to pickpockets. Learn the language and embrace their rich history rather than say they are unsafe vs JB where Chinese is the 2nd largest race and you can speak Melayu & you just spent RM2m.
The Mindset of some S’poreans after they purchased the Property/Properties their priority changes. Firstly, it’s Capital Appreciation. When the market goes up, they refused to sell (usually this group is debt-free). They circling around for awhile highlighting Maintenance Fee etc.
Write off sgd 600k for pleasure to stay in JB? Thank you, not for me; we would rather spend more bucks on foreign trips.
To each own its ok. Car also same, depreciating....
@@JOSHTANLIVE But if you by a property in JB, won't you also need a car. If both are depreciating assets, then isn't this a problem?
I would take the 600K buy gold.
Renting is better? Get to move to newer project everytime
600K is definitely less than 10% of Mr Loo net worth. Write off as expense is no issue.
I have spoken to 12 malaysians over the past 15yrs. Only 1 bought 3 jb condos. The rest said NO NO NO. lol
LOL. Then they buy KL?
@@JOSHTANLIVE lol. They all sg pr. They told me they won't dare to buy JB condos. They Only own hdb in sg. Lol. If they shld buy, it would only be a Malaysian LANDED. NEVER jb condo lol
@@barcaewok7229for your info Malaysians would prefer to buy landed properties over high rise living in Malaysia. Unless no choice like in KL where landed properties are expensive.
Asking Malaysian who are staying in HDB about property investment idea is the same as a Malaysian staying in a gated guarded community be it a strata landed or condo asking his Nepalese security guards about property investment in Nepal…. If those of ur Malaysian friends are wise property investment personnel, they won’t have to be cheap labour in ur precious little country… dude…
@@TheAlbert18361 you are right. In Malaysia we prefer living in landed properties rather than living in high rise given the choice. You are buying air i/o land for high rise lol.
Go live in Straits View Residences, Permas. Nice houses there.
Been to many southeast Asia country. Most are very friendly and safe, as compare to Europe.
Yes in Europe it is worse
Which european countries are dangerous? I live in most European countries and major cities due to business lately in Cyprus since covid years. Total Paradise, 1000% safe. Don't be prejudiced !!! Unless you people know these European countries very very well. Of course, no countries in the world are perfect. Come back to Mr loo, he is free to buy everywhere or anywhere he deems fit for his family and self enjoyment. This is what money can bring. Needless care of what others think of how he spend his bucks. The World is your Oyster !!!
@@christyhilton1919 Italy, France, London, Barcelona all bad.
HaHa… maybe US is better ?
I was almost pickpocketed in Paris and Rome, so kind of resonate@@JOSHTANLIVE
Its freehold lifetime
Imagine when a ferry transports is available for people & vehicles to in/out JB.
Then you are not actually retiring yet , in 20 years what will be the situation in JB or Malaysia , who knows ? Now all we know is you are incurring extra cost keeping 2 places without renting out your Singapore home yet . Not many can afford to do that. A serious retiree would rent out the Singapore home. Apply for the MM2H . That would be real commitment
It’s a questions actually
@@JOSHTANLIVE You should have asked him, does he travel there on visitor visa, in and out? The visitor visa is not for living in malaysia, so he is flirting with the law and the immigration can ban him anytime. I am shocked how come you didnt ask him such an obvious question?
Excellent timing for a Freehold landed property investment in Malaysia. It will appreciate 30%+ in 5 years. Key price drivers are inflation, cost of land & building materials and location demand / supply. I humbly share my 40 years property investing experience.in Malaysia. Remember location, location, location.
yolo and enjoy landed property ( since sg he cannot afford a decent side with RM1.9m ) before he die mah but jb security is overall bad. I have many relatives there from my mother side and they complained about house break ins. House breakers are known to be arrested to police station and released at the side gate, probarly they bribed the polis enough.
chill, lets be constructive. we've mentioned its a different interpretation of safe or not. Europe is worse
@@JOSHTANLIVE just no faith in their polis force. So corrupted even ask my auntie for a bribe so can release faster in 1 hour instead of detaining him for 48hrs when there is no case against her son.
@@JOSHTANLIVE come on, he didn't talk about retiring in Europe! It was about Singapore vs JB!
Agree, write off as expenditure then anything is a bonus
Just back from europe and i think europe is as safe as johor or batam
General feedback is major cities are not too safe. Country side better
Hi Josh
Do u have Mr loo TH-cam will let to follow him to learn his experience in Malaysia life .TIA
Search 1m65 k
Will share my 2 cents. One thing you neglected to discuss is the burden of owning a JB property if you ever choose to buy another HDB again. My parents are in this situation where they have a JB property but they are getting old and looking to downsize to a smaller HDB since a bigger home means more upkeep (worse still if your current home have a staircase which is a potential health risk). Unfortunately HDB refuses to let you buy another resale or BTO if you own JB property. You are technically forced to sell or transfer your JB property if you are looking to keep your retirement home HDB option open or be forced to go private. Now they need to transfer the property to their kids which works only if they have a specific circumstance where their children already own private property of their own/ not looking into HDB/ live in HDB but already served their MOP. I would think twice about owning Msia Property, unless you are rich enough to never consider HDB flats.
Valid points raised. Buying private would not face this rule constrain
Good points . I think when Mr loo was considering buying a house in JB, he already factored in your concern of not being able to buy another HDB OR BTO in Sg, don’t think he went in blind. Also, it’s 20 years time, shit can happen in that long period,isn’t it?
He already said it was an expense.
Well, if we compare it with buying a brand new bmw or mercs, maybe it make sense as u can enjoy the house more than 10 yrs! (Other factors remain the same..)
May not be 100% true. In singapore COE depreciates. But Ive heard in other countries, buying and holding cars can make money
@@JOSHTANLIVEthe context is comparing it with buying a luxury car in Singapore of course.
For 1.95m ringgit and putting it to proper investment..... i can live in China, Taiwan, Japan with Airbnb forever and is not stuck at JB...LOL... anyway, his choice...
Is worth buying property in Batam?
The ferry itself would already be $70 per trip
Can Singaporean get a drivers' licence in Malaysia?
The answer is no.I wonder what happened to principle of any Asean country licence is valid to drive in each other country.That was agreed many years ago during one of the Asean ministers meetings.
@@lamsailait4114one can still drive in any country , example, u rent a car in Australia or America while on vacation ,also Singaporean like Mr Loo or anyone else if he/they obtain the MM2H, he/they can apply for the Malaysian drivers license…
Malaysia has one of the friendist people there.
Different idealogy. He buys it for his lifestyle, nothing to do with value appreciation. Going the other direction with someone who is looking for appreciation. So for those looking for appreciation, don't buy blindly.
i just wonder can you buy a car as a Singaporean in Malaysia
Anyone has experience? I think is yes based on a case Ive seen before
Yes, you can the car here is around 30k- 50k Ringgit if you want to buy perodua (dont buy proton please..). so if might cost around 9k SGD for basic Perodua axia car model. And you can pump ron95 as long you drive a Malaysia carplate
RM1.9m? Thought he mentioned it was RM1.6m?
RM1.95m 👌
You “ CONFRONTED” him ??? 🤔 😅You sounded much more polite when asking 😂 I somewhat feels that he is contradicting himself sometimes 😅 bordering on “ haolian “😂🤣 writing off his 🏡, showing that he’s wearing expensive watch etc etc …is screaming “ look at me, I’m rich, I can afford it.. and comparing it to others buying luxury cars and handbags? … it’s a lousy example 🤣“Educating” or what he called as sharing with others on property in Malaysia and at the same breath speaking on “ no shame in staying in a HDB” Is that not contradicting? Hell it is 😂 However glorious it may seemed to be, it is still not your Country , not your HOME 🇸🇬 “ That country” did not want us, kicked us out and I will not put my $$$ in that land. Let’s just called it Patriotism 😉
Friendly “confrontation” 👍
@@JOSHTANLIVE😂
I don’t think it’s a fair comparison and in fact misleading when u are comparing between sg and Malaysia as u are putting the exchange rate into the equation. Not everyone has the luxury of earning sgd and spending rm.
Actually you can, unless you're banned in Malaysia. Almost every Singaporean working in SG, can hop into JB by bus, car or shuttle train. Every week if you have the time. And spend RM shopping, eating and using the services there. Actually, it's the exchange rate that makes it much more worthwhile to do that.
I bought 5 properties in JB (sold 2 and holding on to 3). I also bought 1 unit in a resort in Port Dickson. I cant think of a better place to call home than Malaysia. My income source is largely in S$. So am I concerned about Ringgit depreciation? Absolutely not! 80% of my expenses are in Ringgit. So every time Ringgit falls, my expenses becomes cheaper. So basically I earn in S$, I spend in Ringgit : )
NATURAL HEDGE =P
Is that because you live in Malaysia.
Currently split Sg and JB like 35:65. Long term should be 10:90 @@KrishnanV9
Can give insight which area in profitable in JB, and whether is landed or condo new or subsale? Thanks
There is nothing wrong to include investment element in any big ticket purchase. Next gen is struck as they got no exit strategy
chill, lets be constructive. its ok to have a different viewpoint
His concept is to have a good sustainable retirement lifestyle..not more on investment..sg is safest, but look at construction works all over city? 😢
yes, most of the car number plate is singapore registered........... but 70% of them are Singapore PRs' working and living in singapore and public holiday and weekend goes back to malaysia................. agree??????????????
Oh....is because Mr. Loo's relative is there, therefore anything that happens still gets someone to HELP! It is not so in terms of big land and cheap..... to stay alone!
yes he has shared is unique to his situation which ups the appeal =)
One man’s meat is another man’s poison. There are many factors to consider.
1st, are you using all cash to purchase? Effective mortgage interest rate is close to 5%.
2nd, ringgit $ has been depreciating over the years, from 2008’s 2.4 to current 3.5
3rd, maintenance cost for landed properties is quite a substantial sum in Malaysia. Especially the external facades and boundary walls and landscaping.
On hindsight, at least for me, you can rent. Change location every now and then, when u need a change of scenery.
But if your butt is itchy, then settle for something around 2500sqft or under Rm 1 million.
Just my personal opinion 😅
Hi Colin, we've covered some of the concerns raised but your pov also noted
As mentioned, it's about being in a community of relatives. Can't expect all your relatives to move around with you every time your backside is itchy and tired of the current view. Also with rental, after decades of renting there's nothing left for your next generation. If one is childless than no problem. Let's not project our POV as the ONLY logical way.
Staying at 2 places is a real waste of time & energy.
That’s abit harsh
Then you stay in SG. No one forcing you to stay at 2 places. I believe Mr Loo said he's very energetic. If you are not energetic because you're in the rat race, then live in only one place.
Pls ignore any property influencers who advise u not to take loan for a property purchase…. They knew absolutely nothing about property investment…
Why? I am thinking of not taking a loan. Can you advise?
Be friendlier 🙏 Yes loans can help a property's ROI
@@JOSHTANLIVE it isn’t just about ROI… learn ur trade before doing the trade…..
@@eiooops it depends on many factors… own stay or investment? Resale (subsale in malaysia) or new launch? Ur age profile…. Ur capability of serving the loan… and ur capability of actively managing ur investment… it won’t be a simple yes or no answer… but one thing that one shouldn’t worry is the interest rate environment as it is out of our control and it is simply fruitle to try to predict the interest rate movement…
Banks are the most financially sophiscated institutions on earth… in general, it’s a much more financially savvy investment decision if u manage to secure a mortgage from the banks…
@@TheAlbert18361he is NOT taking a loan, so what u had itemized do not apply to him….
A good place to buy is Eco Botanic just 10 minutes from Tuas. Awesome new township,
, hundreds of cafes and restaurants, masterplan design homes.
Another place nearby is Setia Eco Garden at Gelang Patah where you live in a quiet hillside with fresh air, and the corner 4 room double storey is only RM 800k, with a huge garden as big as the ground coverage of your house. These are the places where most Malaysians working in Sg buy in Jb
Agree. New episode coming up on that, stay tuned
maybe with such a big landed prty in JB next should get a datokship for himself and datinship for his wife.
chill, lets be constructive. its ok to have a different viewpoint
I am waiting for Loo to visit China and gives his opinion about China after visiting.
Sorry, not going there in the short run. Too busy.
China so big depending on where you go experiences can be very different. For me I like Malaysia better, easy to adapt.
S$600k is A BIG AMount. Throwing away this money is quite illogical as he already built them into his assumption. It tells me there is lack of confidence.
You have worsening ringgit, i don't see how the property will be a hedge against inflation. Looks like Mr Loo's go-to for the purchase is more for personal reasons.
Mr Loo is right that property, luxury products etc go through cycles. You have to make the right choice at the right time to buy and sell. Not advocating speculating, but one has got to do ample research and got to know the markets well for each of these assets before they make a move to own or a move to sell them.
Bottom line is - he is rich enough to splurge 1.9RM - 2.1million RM for a house and say it is ok that he is prepared to write it off.
I do not think that the average singaporean can afford to do this.
It suits him and it can be comfortably afforded so no worries 👌🏻
@@JOSHTANLIVE agreed. So viewers and the average person have to take caution when viewing what he does.
He is not the average Singaporean. The average Singaporean dual income family makes a BTO purchase and usually have to secure a 30 yr mortgage either from hdb or the bank