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- เผยแพร่เมื่อ 18 มิ.ย. 2023
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In this episode, we will discuss about the main dilemma of our friends who are working in Singapore. The exchange rate for the currencies is amazing, therefore many talents are moving over. But the dilemma is whether to invest in Malaysia's property or not. If they do, how?? Where?? When? So many questions.
First of all, we need to get the intent right. Are you gonna stay in SG for good? Or are there plans to move back? Then in terms of loan arrangements, everything is highly dependent of whether do you get a HDB from the government.
So many uncertainties, but so interesting;)
There are several reasons why, I think, it doesn’t make sense for Malaysians in Singapore to buy properties in Malaysia.
1. Capital gain is minimal, and you may even lose money. Property prices in Malaysia have been falling or stagnant, especially in JB.
2. You may not be able to sell easily in future. Can’t find a buyer. Then, your money is trapped.
3. Ringgit is depreciating against Singapore dollar. You lose money.
4. You may not be able to find a tenant easily, and your rental income in Malaysia is highly taxed at the non-resident rate of 30%. That’s a 30% loss immediately! Stocks and bonds perform better.
5. Property is illiquid and incurs high legal fees: 8% when buying, 4-5% when selling, so that’s a 13% loss immediately. Why not invest in stocks, bonds or fixed deposits? Liquidity is much higher and hardly incur any fee.
6. Property gain tax is high (30%) if you sell within 5 years.
7. And at the personal, real-life level, Malaysians in Singapore want to buy a property in Singapore ASAP if they can afford it, because of the insanely high rent they are paying every month and the troubles, insecurities, frustrations and inconveniences of co-living with a landlord or other strangers. Nothing beats the joy and security of having your own space and owning your own house. So to ask a Malaysian to buy a property in Malaysia while they themselves are struggling in Singapore, renting and living like a slave, is not logical. It’s too much work, the yield is not that great, you may even lose money most of the time, and it usually means putting off buying a property of your own in Singapore for several more years, which means you would have to endure living a miserable life under a landlord for many more years. There are many nasty landlords in Singapore because it’s a landlords' market here, not a tenants' market. So it just doesn’t make sense to me at so many different levels.
Work in Spore & retire in Malaysia.
One only buys a property in Malaysia for retirement in Malaysia while renting out the hdb as passive income.😊
@@Praetorian157Ayou are not allow to rent out whole hdb. Besides, if you are no longer contribute tax/Cpf in Singapore, you are unable to renew your PR. This also mean you have to sell off your hbd. However, you will not have this problem if you buy condo singapore. In conclusion, hdb is not for investment
I agreed with you. The ROI for property in Malaysia is bad. Sometimes you even loss money.
If you buy property in Malaysia for own stay will be different story. However, not for investment.
Singapore government is very smart. After listening to this clip, they may change their game for hdb. I mean they will not only check your ownership of property based on sales and purchase, they will check your mortgage too!
They are trying their best to avoid Malaysia PR to use hdb as investment.
If you want to own property in both countries, I strongly suggest to buy a property for own stay (retirement in the future). Few years down the road, you can buy another condo in Singapore by using your Cpf (downpayment and monthly repayment)
You able to get your downpayment by
(a) your own saving + cpf
(b) your family help +cpf
(c) refinance your property in Malaysia with cash out
When you retire, you can decide where would you like to stay either Malaysia or Singapore.
If in singapore, you can rent out your unit and contribute tax (unsure about Cpf). You may check whether through this way are you able to maintain your PR.
Or you can sell your property in either one of the country you decide to stay.
I can forsee, selling in Singapore you can have more gain than Malaysia property. However, this also need to depend the location in Singapore and URA plan for that area
Total agree with you. Few years later maybe 1 sgd to 4myr. Capital appreciation might be able to cover forex 😢. Buy REITs in SG better.
Working in Singapore and buying a property in Malaysia is only worth it if you are planning to use the property for your retirement.
Using SGD to fund the monthly instalment payments of your Malaysian (retirement) property is the most ideal situation. The SGD has been trending upwards against MYR for the past 40 years and not expected to stop anytime soon therefore your monthly instalments would require less SGD conversion over time.
Don't even think about converting MYR back to SGD, you will regret it.
Very true….
just leaving the sgd in bank or local endowment plan (guaranteed return), the return can be a lot greater than investing in klang valley based on the comparison done 10 years before and after. Not to mention the sgd appreciate almost 70% against RM. With the instability the of current gov, unless the malaysia house is for own family use or if you retire now and need a house now to stay in malaysia otherwise it is quite a risky investment. but still, we can use the rm inheritance to invest in some super prime area.
+1 Sean got it right, Singapore working style (and also the western working style because of all the international companies there) is more straightforward. So it’s easier for people like my mildly autistic brother, and myself as I didn’t adjust well the “common sense” and “hierarchy system” in Malaysian office culture.
Autistic and people with no common sense will do well in Singapore?
What are your thoughts on new developments in JB banking on increased demand when RTS is complete? The Coronade Residences at Coronation Square is asking 1.1K/PSF - 1.3K/PSF which seems like an insane amount considering the glut of apartments available in JB. Banks also only willing to offer loan margins 70-85% for this development.
🎉you are so smart and good observes- at time 16 minutes of the recording, yes, Malaysian is pandai navigating through challenges and SG need to be compliance and follow die die, it took me 1 year plus to realise (some more need pointers from friends to realised), btw, I came to the sharing session you had in SG, I just started as 1st group of people mentioned in this youtube
Let us brainstorm on how to maximize the opportunities together haha;)
Thanks for sharing YK.
Malaysians luckiest people on earth! They come to Singapore to work no need to pay income tax in Malaysia or Singapore. No need to pay CPF or EPF! Have exchange rate of x3.5+, so go back Malaysia and become millionaires! Buy big houses and lux cars and still have money to travel around the world! Can buy houses in Singapore to invest or rent and generate passive incomes! JB is so near and things are extremely cheap there so the SG dollar can really stretch like printing RM $$$$$! Malaysians who're working in Singapore and staying in JB are richer than most Singaporeans in terms of housing and luxuries affordability. In short Malaysians working in SG, especially the Chinese are super wealthy and lucky compared to those working in Malaysia. In fact most Chinese Malaysians earnings are not declared and hence no need to pay local tax, and hence able to compound their wealth many times over! Super super rich! So most won't mind crossing over everyday to work because it's really worth it! Talk about crouching tigers hidden millionaires!
SG PR cannot apply for HDB BTO (unless already
take up citizenship) but can buy from open market (HDB resale)
Thanks Sean and Rena!
Think should not be too sentimental to own property in SG or MY, but based on long term returns as investment compared to other investment options. The main benefit for buying HDB or residential house is that you save on rental - paying yourself, to earn capital gain while staying there. Then it makes sense. And in future, want to retire, then just buy when you need. Should separate accumulation / investment & consumption (retirement).
Lots of Malaysians don’t really earn 4 to 5k a month in SG during the period of first 3 years though. Mostly average from 2.5 to 3.5k and also depending on industry
Yes correct, it all depends on their qualifications also..
@@billytan6091in singapore, alot of fake news, rumours by sinkapoleans and sinkapo gohmen, sinkapoleans love face, vanity, they always lie about how good sg , eg salaries, $4000,5000 is very high oredi, reached manager level then got,
@billytan6091in singapore, alot of fake news, rumours by sinkapoleans and sinkapo gohmen, even malaysians in sinkapo, these people become like sinkapoleans, love face, vanity, they always lie about how good sg everything , eg salaries, $4000,5000 is very high oredi, reached manager level then got this kind money, the Malaysians above told you they earn 4000,5000 in two years are liars
So now it all depends on our own qualifications too because it dictates our friends' income level too. Thanks for sharing guys;)
For the loaning bank. To support your profile on the savings you hv and your capacity to save, you can borrow some money n deposit in your account for some period of time.
Thanks for sharing, much knowledge gained from this video :D
Glad it was helpful! Thanks for watching Jiayee!!
In JB and elsewhere there are supposedly “balance housing/apt” below the RM1mil Sporeans can buy. I saw some apts only RM300k +++
Interesting, more pls, even for a Singaporean… and you are right, if one are to invest in KL, so many projects but which are the actual ones that are worth….
Yupe. Hope this channel can provide more information on that segment:)
Thanks for watching David!
uhm....uhm
If i am a msian and get use to msia i wont convert to sporean. Actually spore shd not let PR buy hdb or at least the PR must meet certain condition eg stay for more than 15yrs then can only buy a certain class of hdb
Well that's almost the existing rules already.
Thanks for sharing;)
HDB is only for Singaporeans, right? That's expected. Just like certain housing, petrol, business rights are only for Malaysians and foreigners want to stay in Malaysia also require MM2H. That's fair. Both are own different countries.
@@iherngany resale can buy by two pr spouse after 3 years.
It is not easy to gain capital appreciation for properties in Malaysia. The interest rate is pretty high around 3.50% to 4%. Therefore, to gain positive net rental income is only possible if you are able to pay more than half of the property price in cash or a fully paid one. If you want to flip, you need to budget in the RPGT if you sell in less than 5 years.
But lucky for Malaysians a lot of developers are throwing in huge perks for new properties - free SPA fees, free rebate, free loan disbursement, free maintenance fee, free stamp duty, free furnishings, etcs etcs. You practically pay less upfront cash to own a new property. Choices are plenty.
It's a personal choice. If you intend to stretch your money out of Singapore and would like a second home to retire, then Malaysia can be one of your option.
No need half of the price lah. There are lots of property we invest in that are breaking even from rent without even any capital upfront. The challenge to foreigners would be access to the deals because they are just projects in abundance in Malaysia. There are new projects launching every weekend hahaha.
Anyway, thanks for sharing Cedric!
@@iherng you're welcome! Can you share how to break even in rental from a Malaysian perspective? Haha
@@iherngI am also curious. In Singapore this is possible with excluding property tax +/- maintenance & sinking fee. I mean to have private property in Singapore
Thanks for sharing, is really helpful for a newbie who wanna working In Singapore. Just wonder, since EPF does allow to self invest (is I-saraan I guess), not sure if this does helpful others than others like credit card, saving proof etc etc.?
Very bad advice from the lady, but then again she has to promote housing in Malaysia because of her job
But if you already bought your Msian house before a certain year when the new hdb rules came out then can you still buy your 1st new hdb in Spore?
Love the video, but I can clearly hear how bad the acoustic treatment in the room is and seem like you're using either a SDC or SM57 mic which might not be the best for this kind of settings. But then again, you do you.
If your return yield cannot match the FD rate , why invest on properties?
where got starting salary 4K to 5K SGD for Malaysians in Singapore? this is NOT the salary for most Malaysians here in SG. more of 2200- 2500 here for graduates.
For graduates of course not. Most of my friends go over after being offered managerial positions. So it's a miscommunication. Thanks for highlighting.
Foreigners cannot buy HDB flats, but PR can buy a resales HDB flat. If you have property in Msia but declare to HDB none to buy HDB, bear in mind HDB doesn’t give loan to foreigners. So you turn to Singapore commercial banks. The bank will request yr Msia’s credit bureau report and Singapore CBS. Bank will reject yr loan as it showed you are servicing a Malaysian property.
Thanks for sharing sminsky:)
So insightful!!
Indeed. The HDB rule is you cannot own the HDB while owning another private residential property locally or overseas.
It seems most of the examples given were those young Malaysian who started working in Singapore. Maybe can add some examples or tips for Malaysian PR that have worked 20 years in Singapore and looking to buy property in Malaysia to retire.
Once u buy a property there will be caveat Lodgement which the Sg govt can countercheck for properties owned by I in SG and overseas. Not just govt., lawyers will be able to check when doing their due diligence check.
Just checking is this from personal experience or hearsay yea?! Because what I learnt was different.
Thanks for sharing yea:)
Experience in properties matters. U can check up SLA, LDAU & URA govt agencies
Easy loop hole la. Just put it under someone you trust like your family
In some ways they enjoy the exchange rates. (For most people who doesn’t work on the internet la). On internet we can earn any currencies.
On a side note; I think best bank to apply a car loan is from PB but better go through the main branch and apply face to face over the counter as I had a bad experience where your loan request from a branch did not go through as the branch office didnt process it at all but still said to me that I was not successful. The main branch was the one to tell me after checking that there was no loan application made for me by the branch. Hmmmm! Cant even trust the branches.
The PB told me that PB doesnt bother about your CBS from Spore. PB only interested in Msian accounts.
I mentioned my experience above experience becos maybe PB also applies the same application requirements for Msian housing loan. Inhad my retirement home 15yrs ago when it was easy to apply for loans. Cheers all!
Singapore Government should not even allow PRs to buy HDB flat. Even to buy resale flats should not be allowed. PRs are still foreigners and holding citizenship and passport of a foreign country. HDB flats are subsidised government housing and should be for Singapore Citizens only. PRs only buy HDB flats to speculate, this only makes the flats more expensive for Singaporeans, and will sell and make a huge profit when they give up their PR. SG govt should change this rule in the future.
Singaporeans are quick to whack foreigners for enjoying government subsidies yet say nothing when their people pump subsidized fuel in Malaysia only meant for citizen. Hypocritical bunch...
HDB is for Singaporeans, right? That's expected. Just like certain housing, petrol and ability to stay in Malaysia also require MM2H. That's fair. Both are own different countries.
Maybe it’s SG gob’s intention to allow PRs to and with intended intentions. Speculation can be done either by a sporean or non sporean.
To add to your point, prior to 1997, many hongkonegers came to Singapore to become PR and bought hdb. After 1997, when they felt that perhaps the Chinese rule was not that oppressive then, they left. The exodus drove prices of hdb down. Not sure if any of you here remember this. Now Singapore is making the same mistake again of allowing new PRs to buy hdb.
@@pinkublacku It is no surprise people leave back to their home countries. Furthermore, isnt drop in prices good for locals?
What about the legal aspects processing in buying n selling a property in Msia ..
Also if so happen being a single a sudden death the will , or transfership procedures plus legal fees and also taxation declaration for a Malaysia ..
thanks for sharing👍
Is the Singapore Law making machine here? Just like the united States and also UK EU UAE Africa also. Including China?
HDB rules is regarding foreign ownership of Residential property. If your title is under Commercial category, the restrictions do not apply.
Ooowh... this is interesting!! Thanks for sharing Petia;)
Buy JB house for retirement while renting out spore hdb as passive income.
It's so complicated even though I know cause they keep changing. The government already keep buying and owning things that nobody own. Dies the bank know who owns what? Maybe ask them group the addresses and location. Who has the database also don't know.
Very frank sharing ! 👍
I thought HDB flat is only in Singapore Island? I didn't know how things work. You call it CPF our EPF.
PR can buy resale HDB flats only .Singaporean buying property in Malaysia and selling need to pay 15% - 20% tak
Good info 👍
How to convert into Singaporean? Wah still got blue IC?
My suspicion is that the HDB is targeting those with high net worth to prevent subsidized housing from getting speculated So maybe if a normal PR don't declare your foreign properties, you should be fine?
Prove HDB bto are subsidise? Control by HDB not market valuation. They can sell it for 10 million $. Take or leave it,
@@stephenwang9567then we just protest or vote them out. This is not china .
The conversation forgot abt ABSD. Singaporeans will mostly "decouple" and have 1 property each name (1 HDB + 1 condo or 2 condos). One they fill up their quota only will they look at overseas property (or upgrade in SG)
SPR can only buy resale HDB as a couple (2 names). Also not allow to rent out as an entire unit - must own stay
The ABSD rate will be increased from 30% to 60% for foreign buyers purchasing any residential property, and 35% to 65% for entities and trusts purchasing any residential property.= this is a good deterent against prpperty speculation in SG impacting Singaporeans.
You cannot own hdb and condo together
@@tongsm3994 decouple sg husband and wife or sg with pr spouse. my colleague has done it
That's exactly what I said because I didn't know Berkshire Hathaway was buying up stuff here? Didn't the Freddy Mac and Fannie Mae said already collapse. So I also don't know what it meant. But then again, Warren and Charlie are the stand-in for everything Silicone Valley too. Munger looks like a character in the jungle book.
Singaporeans mostly not bothered about Malaysian PR buying HDB because most Malaysians are not rich enough to speculate the SG property market, it's mostly the rich people from China who can afford to pay much higher prices. I know this because I sold my HDB for above a million SGD to China PR at record price/PSF, lots of other country PR came to view but nobody can offer that kind of price except for them. Some China PR or foreigner even bought the entire prime district condo in a single purchase. This is the kind of money which very few will be able to compete. Even if Malaysians buy HDB it's usually only about half a million SGD, as for Malaysian buying SG private property we will never see news of them buying prime district properties in bulk.
When money launderers, tax evaders and children of corrupt officials from China move here to Singapore and spend money without batting an eyelid, they would inevitably drive up the cost of living for us normal working people, who earn money the honest, hardworking way. Honest, hardworking people work our entire life also would never get that kind of money these people put into their pockets easily in China. But they all like to come here to compete with us for limited housing and infrastructure. But our government likes them so much, keeps welcoming more and more of them with open legs, even though housing prices and rents are already so far.king high. The result is cost of living for us would continue to soar higher and higher. We locals suffer. We don’t get to pocket money easily like them, but when they live in the same country as us, their dollars and our dollars would chase after the same goods. And when too many dollars chase after the same limited amount of goods, our cost of living spikes up higher and higher. The only solution is for us to work and work constantly non-stop till old age, till we die also cannot rest, because the ease of earning a dollar for us can never win the ease of earning by those corrupt officials overseas! Always remember this!
@@danieltan00unfortunately Sg is known as the w*shing machina of ASEAN. It’s an open secret. A rot that’s packaged in Hermes bag. C_rr*pt money are mostly from Indonesians and to a lesser extent Malaysians. Money from rich Indons has long formed the core or anchor demand for Sg’s monetary base since Suharto/Sukarno days. I would say the recent hot money from north east asia and middle east are transient flows. The core demand for sg assets are still from asean neighbors. Imagine where Indonesia would be right now if those capital were reinvested in Indonesia instead. Well, life’s unfair…
@@Kash-is-King wow bro, i am looking for this type of comment for my understanding.
few years ago, i met someone from australia working in spore. while chatting on few topics incl economy ... he told me about spore, something like you mentioned.
while we see spore as developed nation, there something behind the scene that people don't know. there were money flow to spore which is considered illegal money. most of it are from indonesia since 1950s including money from corruption. there are also some from malaysia but may be not as much as from indo. he believe there are also from other places but majority are corrupt money from indo. in another word, these are black money or money laundering that help spore development for all these days.
he told me that spore financial & banking system is also corrupt ... even spore bank involve in money flow related to 1MDB. their government just close one eye. i don't know what he mean by this actually !
... i try to ask few peoples on this but it seems that nobody can tell me about this until i saw your comment .
HDB is only for Singaporeans, right? That's expected. Just like certain housing, petrol, business rights are only for Malaysians and foreigners want to stay in Malaysia also require MM2H. That's fair. Both are own different countries.
@jasonl4218 Singapore is the Switzerland of Asia just like the Switzerland in Europe, lots of unclean money
Most locals and PR dont view CPF as their own money due to the stringent CPF withdrawal requirement. Hence those with a lot of CPF balnce in their account literally view HDB as good as free as the monthly installment can be covered by CPF contribution.
I see. Thanks for sharing that perspective! It's very helpful;)
@@iherng FYI. Those plan to fore go PR and back to Malaysia, they can withdraw all their CPF after 50 years old now. (e.g. age 48, stop working in SG 2 years, fore go PR. Then get all CPF back to Malaysia ).
if one needs to use cpf to pay for monthly instalment, means they cant really afford that property.
not to mention losing out on compound interest by letting monies sitting in cpf.
@@tanpingyi4771 pretty sure the singaporeans/PRs i know can easily afford to pay in cash if they want to. Free cashflow can do much more, CPF can do little in comparison. But to each their own. It’s a personal financing choice for most of them.
PR + PR only get buy resale HDB, not the new BTO
Thanks for sharing:)
@iherng those information about hdb and BTO are not correct. Maybe you should share more how to own a property in Malaysia and Singapore in your clip after familiar with the rules in Singapore. Otherwise it is confusing for those people who are not familiar with the system.
Anyway, I'm learning from your clip 😊 and enjoy it
Well this is not educating how people can do it, but a finding on what we realised after checking out our friends in SG. Now only we know that there’s a lot of people trying to maximise their situation in SG by investing in MY properties. Let us go find out more first as mentioned in the podcast:)
Whether to invest in Malaysia or Singapore property, the most important factor, I think, is your tax residency. For Malaysians working in Singapore, their tax residency is in Singapore, so if they buy a property in Malaysia, they would need to pay a much higher tax on their rental income earned in Malaysia, so it's not worth it, before we even consider the forex risk due to a depreciating ringgit. Correct me if I'm wrong. I don't know how strict Malaysia's enforcement is for evading the tax on rental income. But your rental agreement is stamped, and immigration has the record that you are not living in Malaysia for more than 50% of the time, so it seems quite easy for the authorities to catch you if you do not declare your rental income and tax residency truthfully? Is it common for people to evade the tax on rental income?
Lol, nobody cares and don't even bother to check here...rental income just don't declare..
@@Epiderm91 I see, but if you want to prove to the bank that you are earning this rental income, for the purpose of improving your debt service ratio for getting a loan for, say, buying a second property etc, then you would need to declare this rental income in your tax filing, right? Then, in this case, you would be subject to a high tax rate as a non-resident.
@Alan 100 it is true that in msia, at least at this juncture, no declaration of rental income is required. Unlike SG. Hence, the focus here is really for Singaporean or other foreigners to acquire a good property in msia if they decide to reside here as retiree. But to be frank, it doesn't make sense to buy and let as the rental yield in msia is dodgy and irrelevant due to its supply and demand of housing. So, two cents are, it's worth investing now for retirement but not for pure investment purposes as the best time to purchase a property is really pre-2010 era.
@@glutzoid
Actually rental income declaration is required under the law in Malaysia . But it's not enforced .
@@alantew4355 banks also never bother to check if you pay taxes. As long as there is money consistently going into your account...all good 😅👍
I'm a Malaysian working in Singapore and trying to apply a loan for a property and they asked for saving proof of 100k to 300k, the banker told me they prefer saving, current or fd accounts as savings proof but ASB cannot use for saving proof. I dumb all my savings into ASB and they didn't recognize it. 😂
I used ASB can. Less than 50k. Can get loan total up to 714k. I'm Malaysian working in Singapore too
300k loan few k savings can approve liou
😂
How big was your loan that they asked for saving proof of 100k to 300k? 300k can already buy a decent house outright. Even if you buy a 600k house, it doesn't make sense to me that they ask for saving proof of 300k.
@@alantew4355 I was also stunned when they asked, the loan I apply for is below 500k. It’s an instant approval if I have that kind of savings.
$1000 RM sell for $400 RM, u still dare to buy? Build equity or lose money? What is her job?
what is a saving proof?
If you are a Malaysian earning 4~5k a month in Singapore. After a few years of working with a yearly 5% increament and a 2~3k per month saving, you can easily pay off a modest condominium in JB in cash. Continue to work in Singapore and with a falling ringgit (possibly 1:4) you can buy 2 or 3 more units in the next 2 years in cash. Nothing so difficult.
The problem is buy which one??
@@iherng buy one near the coming RTS lah
why buy? so many see their real value decrease over the last 10 years due to forex
Thank you for making this video. This video is packed with valuable insights.
I've question, I am currently working remotely from Malaysia for a job based in Singapore, and I receive my salary in Singapore dollars. I try apply credit card from multiple malaysia bank and get rejected. I still don't know the reason why.
I now worry it would difficult for me to buy a house in malaysia in future
You are a foreigner earning foreign income. Malaysia is not Singapore, two different countries. Do people here just woke up or suddenly become so dumb? Maybe you should just be Singaporean, easier stay there better
Try Public Bank. There's a recent campaign and I used my Singapore salary too.
@@garethmah5538 Thanks. Have to try other than public bank?
I opened my Maybank account in JB previously with no issues
U need to keep trying open. Somehow i apply maybank via online and give NOA and bank statements they approved. Last time rejected me once
28.36 Don't discuss money especially with sibling, unless you are generous to give it away. Even with friends.
Smart investors know 'when to venture's where average investors will not. Real estate gains is a long term investment not for faint hearted, especially not for ' flippers'.
SGD$1 = MYR$3.44 with super low income tax is a no brainer for few small sacrifices
I totally agree.
What is the state of the rental market in Malaysia for people who wish to retire there?
Well it depends on location. If it’s within high demand area such as Mont’ Kiara or Bangsar then the rental is high. But if it’s within suburbs, it’s amazing value for money:)
I got Taiwan Passport from last time belongs to my grandma from father's side.
Buying a house or condo in Malaysia is not an investment. You do not expect high returns or zero return if u r lucky or loss in value. Malaysia property is good for vacation house or retirement purposes only if your wife or husband is a Malaysia. Want a real good investment...buy Singapore property
But most people could only get one to call home. Only those who progresses away from HDB get to call themselves investors when they start getting industrial properties or ECs.
Jiu hu kia kong jiao wei...at 3.4 going to 3.5 to 1 it is a no brainer to even have such topic for discussion.
Buy HDB or not? No brainer question. Of course is a HUAT KUEH for sure lah! PR cannot buy BTO but still can buy resale just after MOP.
At 3.4X going even to3.5... 3.6 to 3.7 soon...jiu hu kia..
Strike lottery everyday whenever they work in Singapore.
Boleh land properties no way can invest lah , unless buy to stay or rent out without capital appreciation.
Typical SG Ah Beng 😂 thinks every Msian is from Johor (Jiu Hu)
@@Kash-is-King ...all Boleh landers are losers if not why come over? The Sinkie is Ah Beng like you so choose to call them as such, they should be going over ,right?
Get your politics right. Don't just over a small matter like Ms Chia can make it into a World news even bigger than Ukraine and Russia war. What did LKY 60yrs go tell your Tungku?
Go read up your history.😆😆😆😆
iherng is the best because the people he invites are English speaking and they are often fluent as well
Malaysia property supply more then demand. Even interest rate hike it wont increase rental price. No point investing here.
If that's the reality you believe, then I would suggest to just follow lah.
Plus RM depreciation makes Malaysia properties lose value overtime when converting from SGD
For foreigner owning HDB (PR), the rules is you are not supposed to hold any foreign property. If you own a foreign property, your HDB can be confiscated. How they check? they will randomly check (rarely happens). but when someone reports you to HDB and they got enough evidence, unfortunately bye bye to your HDB. Its not a matter of "buying which one first", the rules states you not allowed to own any property if you have a HDB as a PR. Most of the cases that kena from HDB is because the person yaya papaya and someone red eye him/her then report to HDB. lesson of the day for those PRs are to stay low profile. Don't brag. Once someone reports you, you are done for sure. i know someone migrated to NZ and yaya papaya to his neighbor when he come back to SG telling them how nice his new house is in NZ with land yada yada then HDB send him letter to his NZ address. LOL
Hahaha😂 u think Malaysia government will release such info to Singapore government? Don’t be naive la. SG is not a country anymore, it just a place to make money.
There are many ways to own property outside SG without using your own name.
As Spore PR, you can own HDB house but need to buy from resale HDB, not new HDB BTO. As Spore PR, you can own oversea property.
Also, those foreigners who want to stay in Malaysia, please apply for mm2h, you're a foreigner so make sure you meet the requirements. You can't stay in Malaysia daily basis, you get caught, ready to get deported or ban from entering Malaysia.
I support this rule. It's good, especially targeted at the fake Malaysians. Either you're Malaysian or you just stay and become citizen in tiny island sg la. This Malaysian government far more proactive, Good
For good advices for both citizens ! Impossibly
RM1m is still considered high net worth these days? Interesting…
RM 3 Mil at least
RM 1M is nothing, majority of HDB already worth more than that, if that's HNW, than all Singaporeans will be HNW
@@contrarian2496 agree that RM1m is nothing. On your other point, an ordinary joe Singaporean with a 1m sgd hdb can’t exactly be deemed as hnw simply because the house is a necessity. Where is he gonna live if he liquidates his hdb to realise capital gains…
@@Kash-is-King he can simply sell his HDB and buy a house in Malaysia with 3M ringgit lol
Dilemma as SGD keep going up
Well that's not really a dilemma if you're already there hahahaha;)
SG rent also keeps going up, so although weak RM benefits Malaysians working in SG but cost of renting in SG increases, so not much net gain.
Let me know which area is good to buy. 🙏
Let me extend this topic further yea. Thanks for watching:)
For young people like you all, buying property in malaysia meaning to buy Ringgit. Is there any attraction to buy a currency which have proven a Failure . Recently , i travel to Thailand , no exchange bureau accept Ringgit 😅😅😢
Well you can invest without capital. Other countries require at least 20-25% upfront payment.
You have to serve installments and those money is considered cash investment. And if the currency weakened, means it is a failed investment.
Malaysian PRs should only allow to buy private condos, leave subsidized pubic housing to Singapreans. What do you think?
Retiring in msia is for msians not recm for non msians. The hype n marketing of real estate investing or retirement is by chinese or foreign developers. Msia is a lawless country n lots of backdoors need to know to get things done. Even living there is stressful, wondering who is outside the door. Many msians themselves migrate to other countries n very few will choose to return.
Next up DILEMMA OF MALAYSIANS WORKING IN THE UK! 🤭 Why not right, I am looking forward to it..
Hahaha. Let me get the right guest in to discuss further yea.
Thanks for watching Indderkumar;)
You should only buy singapore property after getting pr or citizenship. Don't buy as a foreigner, absd will kill all your profit.
Thanks for sharing yea;) It's very helpful.
60% ABSD for foreigners, no Malaysian is that rich to pay that. Mostly who are paying 60% ABSD are the rich people from China, whereas Americans don't have to pay ABSD because of the free trade agreement.
Hey im in a dilemma shud i buy property with dual key solely for investment. The contract guarantees 2 years rental income that covers the monthly installment. Property is Novo Ampang
Whats the general view on this type of property? "Guarentee rental" etc
If really so good, why the developer still want to sell? 😂
You lost me st 2.30. Malaysian just starting to work in singapore for 1-2 years, earning 4 to 5k sgd? How many years of working experience have they accumulated in Malaysia? Your statement is ambiguous and misleading.
Well not everyone goes to SG as a fresh grad. So many of my friends are already managers when they got offered greater opportunity there.
Some of my brilliant Malaysian poly classmates who got into NTU and NUS. Those graduate from there and work in singapore will earn at least 4k.
fresh grad median salary is > 4k sgd, for example software engineer can get 5-6k, banking/finance can fetch even higher pay if lucky
Only 2 ways, Malaysians need to graduate from the top SG universities or have certain level of working experience from Malaysia. Quite common for senior Malaysians to take up a junior role in SG, because although they downgrade in seniority but upgrade in salary because of weakening RM.
@thsiah I guess u got this data from the statistics board? I remember seeing it too. But the reality on the ground seem not to reflect this "median" figure. I know of msians grads with 2 years working exp in banking, legal industry, taking in less than 3k (mid to high 2k) starting pay.
After reading the thread, HDB flats are tightly controlled residential properties, not for speculation. Appreciation won’t be short-term. But, demand will still high as more young Singaporeans get married and more foreigner got naturalized as Singapore citizens.
Work in SG (PR) but kena rejected by Bank credit card application in Malaysia. Because no credit record CCRIS! 0 debt in SG and Malaysia...so funny, don't know why they reject even with job or salary income.
Reason to apply credit card to build CCRIS record, then borrow loan to buy house. For house loan in Malaysia, probably better get the CBS from SG then apply house loan in Malaysia. In SG, I have 2 credit cards and paid by giro monthly.
You are not Malaysian to me at all, you're Singaporean and foreigner/alien (To Malaysia). So, you will be treated as foreigner so, MM2H is fair. Remember to pump RON97 only when come to Malaysia?
@@leealex24 ???
Try applying with the bank u used since young. If not then can pledge FD for cc. I m using both method
@Lexxx Those who pump Ron97 might be Malaysians driving S'pore registered cars too.
I think you cant own Malaysian properties when you own a hdb, need to recheck if they've changed the regulation.
Well that's stated clearly in the rules. But.... hmmm.... erm... I think there are ways...
😂 so honest huh? U think Malaysia government will share such info with Singapore government? Hahaha my colleague as PR own property at both side. I will not report him to HDB because no benefits to me. Unless hdb reward me 😂😂😂.
IRAS is catching these Malaysians who buy properties in SG and MY
@@HawkishMerlion1965 Just report, then other Singaporeans can get rewarded with a repo house haha
@@RelaxingMusic-wp8rm don’t be naive la. Why so stupid go make enemy with a colleague when there no benefits. If got benefits kill him also can. Lol Singapore is no more a country,just a place to make money.
The Malaysia series is the Magic Kingdom series. Religion, Magic, Witchcrafts and Dungeons and Dragons. Hmm
Where got dilemma when you can get $1 change to Rm3.50
The dilemma is do you wait for an old HDB as a PR? Or do you invest in Malaysia property while waiting for citizenship? What happens if you finally get the HDB? Are you okay to just leave your families back home alone? How do you further grow wealth after passing the survival mark? Life is beyond money at that point… basically issues that money couldn’t solve will cause the dilemma.
common room in Sg is $1.2k only
can be lesser if u divide by 2/3
Malaysian SPR here, been working in SG for about 4 yrs and just got my first house at KL. Intended for investment and also just in case i wanna go back to Malaysia someday 😂 Been thinking if it s actually worth it to get a HDB if i dont really wanna settle down in SG as hdb is a really big commitment 😅
if i happen to get a HDB it s kinda like my original intention has alrdy changed haha, most malaysians come to SG to earn money mah.. not to be a poor man with huge housing debts.
HDB is not meant to be an investment in the first place unless you choose to buy a HDB and rent few rooms out. SPRs can only buy resale HDBs and generally the property appreciation for resale hdb is not much, unless you or your partner convert to Singaporean and queue for a BTO..
For some context, my previous boss sold his HDB at Yishun last year after owning it for 20 years but the property only appreciated from 270k to 460k-ish, that's basically just breaking-even once you factor in the loan interest and inflation. Meanwhile my uncle got a condo at jurong east for 220k around 2000 and recently his block got offered Enbloc 2nd time for about 2.65 mil+ sgd... (1st enbloc was 2.5mil but only 70% residents agreed, this time still couldnt reach 80% too). So the question is more like do you wanna reside in SG or in MY for long term. If your intention is to invest in properties, might as well just buy SG Reits.
Now u can't buy a HDB in SG cause u bought a house in KL
Also, those foreigners who want to stay in Malaysia, please apply for mm2h, you're a foreigner so make sure you meet the requirements. You can't stay in Malaysia daily basis, you get caught, ready to get deported or ban from entering Malaysia.
Buy another condo in Singapore and not hdb. Use the cash by refinance your Malaysia property + Cpf + cash. Monthly instalement should not be a problem by using Cpf and self top up a bit
if want get HDB need wait 15 months after selling malaysia property before can buy HDB...anyone got loophole?
Doable, lots of my frens did the same. Some of them even do name transfer🫢 loan is his own name, house is the parent’s name. N he buy hdb.. tat was b4 covid time. Not sure if this trick still works now
Yea. We are exploring that currently as well. Our prime minister just announced similar benefits as well. Thanks for sharing Rachel;)
Good
Many Singaporeans dun even afford n cannot buy...stil allowed others to buy?
Well it depends on who works harder mah. Plus the qualification for HDB is open and very strict.
Malaysians working in SG really normally earn 5k meh, after 2,3 years??
depends on line of work and nego skill lo. some i know go in already 6k
For the same job, Malaysians will always be paid lower than Singaporeans because employers know that RM is depreciating and Malaysians will accept any salary in SG. Example, employers know Malaysians will accept S$3K so of course they won't offer S$4K.
depends on industry
@@contrarian2496 Is that true ? Since CPF is another cost factor that Companies have to consider
Why not, civil engineer 3 years 5.5k
It should be Singapore PR... not Malaysia PR..
the first time i watch a video from this channel.
i have been through all 3 stages of Malaysian in SG. After being in SG for 37 years, i am finally giving up my MY citizenship.
Why?
1. I refuse to pay 5% ABSD (for SG PR) for my pte property. For a $2m property, thats $100k!!
2. My child (SG by birth) is going to work and likely rise in SG civil service. i dont want my non SG citizenship to be an impediment to him.
3. MY has MM2H. even at the current conditions, i can fulfil the requirement,what more when Johor Sultan goes up. So if i convert to SG citizenship,i can still come back through another door.
1. Low-key flexing wealth
2. Low-key flexing son’s achievement
3. Little coherence in this argument. What’s the connection between mm2h and the Agong rotation system?
@@Kash-is-King not going to comment on 1) & 2). too old for that 😂.
3) Sultan of Johor goes up, 1st thing he will demand of PMX or PMXI is the lowering of criteria for MM2H 😅
You are not Malaysian to me at all, you're Singaporean and foreigner/alien (To Malaysia). So, you will be treated as foreigner so, MM2H is fair. Remember to pump RON97 only when come to Malaysia?
How would your being non-Singaporean impede your child's career in the civil service? Since you child is Singaporean, he should be treated equally as all other Singaporeans, isn't it? I don't think Singapore practises discrimination against its own citizens, especially not in the civil service.
It's a well known fact that Malaysians who convert to SG citizenship wants the RM to depreciates further hence want Malaysia economy to worsen. BTW, S$2M property is no big deal in SG, low tier private property.
thing is you have private in malaysia. you CAN NOT BUT HDB IN SINGAPORE
better be careful what said in this chanel by the banking institution here. SG will check your customer portfolio soon
Well we do everything legally here just in case you're wondering;)
Thanks for watching and sharing yea.
'no such salary like $4,5000 work 1,2year as beginner, just average in sg...' bluff niah
KL foreigner can buy UP TO n RM1 MILLION ?
For KL properties, the minimum price is RM 1mil. For selangor it needs to be a minimum of RM 2mil.
Sg housings biggest speculative bubble in the world when it burst blood on the street
$4,5000 work 1,2year in sg is not alot , is average in sg? Bluff only niah. I know malaysians also, top aussie uni work in sg gov hospital finance manager accounting 8year wxperience salary is $4500. Top aussie uni doctor 7year experience sslari is $8000. Wat 4,500!!? fake!
Malaysians working in Singapore shouldn't buy any Malaysian property as an Investment. You want to store your monetary value against inflation and other forces. Why store it in a instrument that depreciate overtime. 20 years ago, 2.2 to1. 10 years ago 2.4. now 3.4. Unless your property value grow above the forex rate, it's not worth it. your store of value depreciate.
24:24 Want to sell MY house also struggling. Want to unlock value also difficult.
Set aside nationalism when you are investing. Be heartless and objective. The current MY government is unstable. and I think will be so for next 10 years.
Still many political struggle. Which usually translate to uncertain economic growth. With the balance of global power shifting to the east (research BRICS, dedolloraization and why the Middle East is shifting focus to East). Which country is more likely to leverage on that more? The country that does that better will see the value of its currency rise against the other.
Don't be sway by agent saying SGD convert to MYR cheap cheap. minimal commitment. Your goal is to store/grow the value of money for your retirement/business.
It's very different if you buy for own stay/retirement.
The M'sian and S'pore english is Soooooon ' thick with Singlish'. Lol!
Single Malaysian(SPR) are also not allow to purchase hdb. 😅
Yealoh. The discussion then wouldn't it make sense to leverage on the strong currency to build a portfolio back home?
Thanks for sharing Yuu;)
@@iherng Then $1000 psf become $400 psf is a good way to earn? if that person bought ANY property in Singapore 10 years ago, probably would have doubled or even tripled her equity
I stop watching after feeling irritated with all the ems ems
After so many years yet Johore. State still slumped in the wild... It should be like SHEN ZHEN in China. Singapore big players like to invest nearby and it is convenient to operate with skilled workers from here. The global big players will follow if Singapore set the way, but instead what have we done... jealousy, small hearted, greedy, corrupted, lots of little nepoleans, fickle minded with flip flop policies and
tell me who dares to invest
Openly and without worries..... 😮😮😊😊
Without follow up with skill technical graduates will also a doom case..
Make Malaysia BOLEH
Cannot invest in properties in Malaysia. Malaysian dollars keep on weakening against Singapore dollar. I remember years ago S$1 = M$1.70. Now S$1 = M$3.42. It will get worse and worse. Malaysian reserves, economy and political stability not good. I recommend not to put your Sing dollars savings into Malaysia unless you want to retire in Malaysia for good.
Can anyone pass me Rena Chong contact? need to make some enquiries
TQ
1sgd to 5 ringgit soon
FIRST!