BFM Podcast

Johor's Property Sector: Vibrant Horizons

Tan KW
Publish date: Wed, 10 Jan 2024, 03:05 PM
Johor's Property Sector: Vibrant Horizons

10-Jan-24 09:30

Samuel Tan, Executive Director, KGV International Property Consultants (Johor)

Johor's property market has seen a resurgence of interest despite ongoing economic uncertainties, with the High-Speed Rail (HSR) and Special Economic Zone (SEZ) on the horizon. Samuel Tan, Executive Director, KGV International Property Consultants (Johor) gives us his take on Johor's property sector.

Image credit: Shutterstock.com

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calvintaneng

2 to 3 years ago when Johor Single storey houses were priced around Rm300,000 a unit and similar single storey houses in Kl priced at Rm600,000 a unit (or twice that of Jb) and Penang Island glade single storey house priced at Rm900,000 a unit ( at that time one similar house in Penang worth 3 in jb)

We told those in Penang to sell their single storey houses for Rm900,000 and then use the same proceeds to buy 3 similar houses in Jb for Rm300,000 each

Then stay in one house in Jb and rent out two others and retire

If anyone has taken this advise will now see single storey house price in Jb has jumped from Rm300,000 to Rm500,000

So his / her 3 houses will now have equity of

Rm500,000 x 3

= Rm1.5 Millions
So from Rm900k to Rm1.5 mil is up by Rm600K

Or up by 66.6%

And when Rts from Spore to Jb up in end 2026 prices will rise even more

2024-01-10 23:21

calvintaneng

Missed this opportunity?

Never mind

Now there is an easier way

In Ikn Nusantara of East Kalimantan Tsh Resources own a total of 94,700 acres of lands there

94,700 acres is about 52% of Singapore total landmass of 180,000 acres

Tsh book value for those lands bought in year 2008 as low as Rm5,000 per acre

WHEN IKN NUSANTARA IS READY BY END 2024 THEY MIGHT ALLOW LAND SALE THERE

AND POSSIBLE TO SEE TSH SELL LANDS AT MANY X (TIMES) ITS BOOK VALUE

2024-01-10 23:28

calvintaneng

This is the Putrajaya (More advance many times) of Indonesia

https://www.youtube.com/watch?v=B4-Q8YaftEk

2024-01-11 01:01

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