As things stand right now, the Singapore factor is worth at least RM50 billion (S$16.6 billion) a year to the Johor economy, said state executive councillor for tourism and domestic trade, Mr Tee Siew Keong.
“I know the impact of the Singapore dollar on the Johor economy. An average of 16 million tourists a year from Singapore visit Malaysia and a vast majority enter the country via Johor Baru. It is their first stop and assuming they spend a night or two here before moving to other places, the money they spend is substantial,” he said.
“And then, we have Malaysians living in Johor Baru who travel daily to Singapore for work. The government estimates there are 400,000 of them. Assuming they earn S$2,000 each on average a month, the (total amount) they bring home annually is staggering.”
“I have done some calculation and I think RM50 billion a year to the Johor economy, from the tourists and Malaysians working in Singapore, is a fair amount (to quote),” Mr Tee added.
He stressed now is the right time for businessmen in Johor to consider exploring the Singapore market, given the value of ringgit against the Singapore dollar.
“Agricultural products like fruits and vegetables (for example) ... there is huge potential there, and Johor being an agricultural state, we can grow enough for the export market.”
The furniture business, according to Mr Tee, is also an attractive option.
“Labour costs are cheaper here. Wood products are cheaper here and therefore, the cost of furniture like cabinets, tables and chairs are definitely much lower compared to those made in Singapore.”
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Morning Calvin, what you think about forest city? It is very nice in the plan layout. Will foreigner especially china or Singaporean can fill up all building built? I have a feeling the next 10 to 20 year Johore will the area of most development. Property price may double up soon as Johor royal attitude is more business minded n progress business thinking.
2016-05-01 09:25
Try to book another lot in Melia residence but all fully book. Sale staff recommend me to wait for any those loan rejected.
2016-05-01 09:29
Posted by Lk036 > May 1, 2016 09:25 AM | Report Abuse
Morning Calvin, what you think about forest city? It is very nice in the plan layout. Will foreigner especially china or Singaporean can fill up all building built? I have a feeling the next 10 to 20 year Johore will the area of most development. Property price may double up soon as Johor royal attitude is more business minded n progress business thinking.
Lk036
43 posts
Posted by Lk036 > May 1, 2016 09:29 AM | Report Abuse
Try to book another lot in Melia residence but all fully book. Sale staff recommend me to wait for any those loan rejected.
Yes good morning Lk036,
I have visited Forest City Twice already. It is mostly sold to Singaporeans & China nationals for the 1st phase. So far they are selling well.
On the wall they listed the prices of condos in Sentosa, Singapore. Comparing forest city prices to Spore Sentosa show very deep discount. So they lured many buyers from Singapore. Forest City looks like a tropical island paradise.
As for Melia's total sell out I am not surprised at all. UEMS has priced them below the market. So they have sold like hot cakes.
Maybe you should wait for Sunway Pendas to launch more affordable 2 storey houses like UEMS. Since Forest City already opened up a new short cut road from PTP area there will be better access to Pendas area.
Another new road expansion will be the PTP Road Link to PLUS Highway. This will also boost Sunway's accessibility.
2016-05-01 09:38
Calvin, yesterday I read kyy article, I find that to gain money in share market is to invest a real growing stock where it's earning is keep on growing and it's product or service is a trending in market. I foresee tek seng is an example where the company keep expanding n it's order is increasing. I believe tek seng will be good for at least next 5 years with its well manage management. Calvin, it good n appreciated if you can share any growing stock for all of us to earning some $.
2016-05-01 12:08
Lk036 Calvin, yesterday I read kyy article, I find that to gain money in share market is to invest a real growing stock where it's earning is keep on growing and it's product or service is a trending in market. I foresee tek seng is an example where the company keep expanding n it's order is increasing. I believe tek seng will be good for at least next 5 years with its well manage management. Calvin, it good n appreciated if you can share any growing stock for all of us to earning some $.
01/05/2016 12:08
What Kyy say is only true to a certain extend. Growth stocks can be cyclical growth or stable growth. For Cyclical Growth stocks you must sell into strength.
If growth is sustainable due to long term moat then go get some by all means - like Coca Cola, McDonald & Walmart or Ikea.
For Tekseng I think price already very toppish.
I think we must THINK SAFETY FIRST. Then only growth. We need to approach investment in a very defensive manner.
These are some stocks I think quite safe for now:
1) Cbip - There will be strong orders due to El Nino driving up CPO prices
2) Insas - Now Great Value is emerging on price weakness
3) MHC Plantation (Insiders nibbling & nibbling.)
4) Dutaland (Duta Yap bought millions at 47 cents. So it is well supported.)
5) BPlant (High dividend yield. Tabung Haji Top Owner)
6) Daiman (Worth at least Rm10.00 if NTA revised.)
7) ThPlant (Highly defensive. Dynaquest Dr Neoh also in Top 25 shareholders)
2016-05-01 13:31
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Koon Yew Yin's Blog
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Stock Market Enthusiast
PBBANK: Technical Outlook Suggest Target of RM5 (Uptrend but Overbought) - KingKKK
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Koon Yew Yin's Blog
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Koon Yew Yin's Blog
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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