IN ORDER FOR JOHOR TO REALLY PROSPER N CLEAR THEIR EXCESS OVERHANG PROPERTIES, THEY REALLY NEED REAL SPOREAN AND CHINA CITIZEN TO REALLY BUY PROPERTIES AND DO BUSINESS THERE AND STAY IN JOHOR LOH...!!
THE JOHOR SULTAN REALIZED THIS, BUT MAHATHIR STOP IT BCOS OF UNFOUNDED NATIONAL PRIDE LOH.....!!
IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!!
BY HAVING GOOD EARNINGS THRU HARD WORK & SAVING UP....THAT HOW THEIR LATER GENERATIONS GAINING A BETTER LIFE LOH....!!
Posted by qqq3 > Dec 25, 2018 03:46 PM | Report Abuse
Posted by qqq3 > Dec 25, 2018 03:46 PM | Report Abuse
what kind of life is that? pitiful
WHAT KIND OF LIFE?
MY FRIEND MR SOH LIVES IN TAMAN REDANG, A MIDDLE CLASS ENCLAVE NEAR TMN MOLEK. TMN REDANG HOUSES ARE PRICED AR RM500K BECAUSE IT IS LEASEHOLD BUT G&GUARDED
HE HEARD ONE NEIGHBOUR IS DRIVING A NEW MERC BENZ. UPON ENQUIRY THE SECURITY GUARD TOLD HIM THE GUY WHO OWNS THE MERC BENZ IS ACTUALLY A BUS DRIVER IN SINGAPORE!!!
IN MALAYSIA A BUS DRIVER COULD MOST PROBABLY AFFORD A PROTON SAGA OR WIRA
stockraider > Dec 25, 2018 03:51 PM | Report Abuse
IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!! ============
I don't think life in 2018 is same as great grand father time......
IT IS NO DIFFERENT IN 2018, IF PEOPLE WANT TO BUILD A BETTER FUTURE, THE SAME OLD FORMULA STILL WORK, THRU WORKING HARD & TOUGH LOH....!!
Posted by qqq3 > Dec 25, 2018 03:54 PM | Report Abuse
stockraider > Dec 25, 2018 03:51 PM | Report Abuse
IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!! ============
I don't think life in 2018 is same as great grand father time......
Actually many Malaysians left for Japan, Europe, Dubai, USA or Australia to work for high wages before coming home to start businesses in the 70s and 80s
This same thing is happening now in Singapore. More than half million Malaysians are working in Spore for high wages. They remit these funds to buy houses in Perak, Kedah, Negri Sembilan, Pahang, Sarawak, Malacca, Sabah and of course the bulk of them all is buying houses in Johor
Mostly energetic young adults of 20 to 40 years old
After spending 10 to 20 years building up capital they return home to start their own businesses
I know of many business owners in Johor worked in Singapore to build up capital and then became own Boss later in Iskandar
They no longer go to Singapore for work for a salary
In fact many who own businesses in Johor now employ workers for their business
Life then has become less stressful and very rewarding
I also know many of these businessmen and businesswomen invest in multiple properties in Iskandar as they see them as a store of value. They also see the potential for these assets to appreciate upward for many years to come
actually my granfather got lots of lands, but my relative usurped the lands. Is really lots of land, these lands were acquired long long ago. Whenever i think about this, i get very angry.
Most construction tools, fittings, lighting's, wirings, decorative stuff are imported especially from China
So when China raise prices they become more expensive
Another reason is the high hidden cost of getting foreign labour legally. As wage cost increase nowadays a daily wage foreign worker (legal) is more than rm80 a day. Local workers want anything from rm100 to Rm150 a day. Highly skilled ones have left for Singapore
So prices remain elevated
Now if there is a crash like 1997/8 then everything will also crash in tendum. Only the most defensive and highly desirable locations will hold up it's value then.
property price fall or unsold depend on location too.a few of my frens are property brokers in penang,they told me the market still ok.they also told me still a lot of rich people invest in penang properties
Malaysian with Singapore PR can afford ma.. Isn't it better to stay a bigger house compared to HDB flat? Furthermore they are earning power in SGD is more affordable compared to most of us earning MYR
Lots of Singapore and are buying in Horizon hills And lots more Singaporean PR (Malaysian) living in Singapore are also buying
Above all many Johoreans and non Johoreans working in Singapore are also buying Johor landed properties
In fact wherever there are landed houses priced attractively by Mahsing, Keck Seng, Pelangi Bhd, Scientex or in Tmn Mutiara Rini by Boustead long queues will form overnight.
All these houses will be sold within one or two hours during launching
So there is huge demand for houses priced below rm500k
Only problem is most developers like Ksl, Crescendo, E&O, Plenitude, Daiman and even Uems are building houses with price from Rm700,000 to over Rm1.6 Millions
If they will reduce their prices to Rm500,000 they will sell like hot cakes in no time
Calvin, those houses selling >700k are bigger compared to 500k houses mostly non gated. Developers may cut conners on those 500k hse, road access may not be good n maybe owners need to incur higher renovation cost.
Houses priced below rm500,000 might be without frills. But they are affordable and easier to get financing by banks Developers should therefore build what the market wants
Rental yield in Johor now moving up very strongly due to these factors
1. HUGE FDI CREATED TENS OF THOUSANDS OF NEW JOBS. MANY PEOPLE FROM OTHER STATES HAVE MIGRATES TO JOHOR. LEADING TO MORE DEMAND FOR RENTAL HOUSES
2. SINCE MOST DEVELOPERS BUILT HIGHRISE CONDO THERE IS A LACK OF NEW HOUSES. SO SUPPLY OF HOUSES NOT CATCHING UP. LEADING TO LACK OF NEW SUPPLY
3. AND IN SINGAPORE THERE IS ENBLOC FEVER. MANY OLD CONDOS WITH BIG LANDS HAVE BEEN COLLECTIVE SOLD FOR REDEVELOPMENT. SO LESS CONDOS MEAN MORE DEMAND FOR RENTAL PROPERTIES
4. NOW ONE SMALL ROOM RENTAL IN A HDB FLAT IS PRICED FROM S$600 (LOWEST PRICE AVAILABLE) WHICH IS RM1,800 ROOM RENT IN CONDO IS RM3000 SO MANY MALAYSIANS HAVE DECIDED TO WORK IN SINGAPORE AND LIVE IN JOHOR
5. AND SO WITH DEMAND FROM WORKERS IN SINGAPORE AND NEW MIGRANTS FROM OTHER STATES RENTAL PRICES IN JOHOR HAVE ALSO MOVED UP BY 50% TO 100%
6. WITH STRONG SING DOLLAR NOW ONE SING DOLLAR EQUALS RM3.04 MANY SINGAPOREANS ARE FLOCKING TO JOHOR SHOP, WASH HAIR, WASH THEIR CARS AND OTHERS. LEADING TO EVEN HIGHER DEMAND FOR RENTAL
7. SO THESE ARE THE FACTORS. IMMIGRANTS FROM ALL OVER DUE TO HUGE FDI. HIGH SING DOLLAR ATTRACTS EVEN MORE WORKERS. HIGH SING DOLLAR ALSO SPUR MORE SPOREANS TO VISIT JOHOR. ENBLOC IN SPORE CAUSE CONDO SCARCITY. STRONG SING DOLLAR CAUSE PURCHASING OR RENTAL POWER TO RISE AMONG THOSE WORKING IN SPORE BUT STAYING IN JB. LACK OF NEW LANDED HOUSES FOR RENT DUE TO MISMATCH OF BUILDING TOO MANY UNWANTED HIGHRISE CONDOS
ALL THESE AND MORE WILL PROPEL RENTAL TO SPIKE UPWARD
I thought u can rent a double house in horizon hill jb with rm 1800 per mth with property costing rm 700k giving a yield of 3% pa...i think reasonable loh....!!
1) High Service fees which could go up year after year in hands of incompetent management. So after deducting fees from rental yield could drop
2) If too many condos competing for rental then it will be a race to the bottom
Mr. Law the Top Boss pf OSK-ISKANDAR Told Me His True Experience
He bought a Condo in Permasville Johor for Rm290K. After spending Rm30k to Rm40K (His cost Rm330K) he managed to rent it out to a manager for Rm1,900 a month or 6.9% gross yield
But then the 1st tenant shifted out and he got a 2nd tenant. A supervisor for Rm1,700. After one year the Supervisor, too, moved out. Now his furniture/fittings already 2 years old. He managed with some difficulty finding a 3rd tenant for only Rm1,400
This is what he said
The Quality of tenents & rental dropped year by year
From Manager to Supervisor and then To Worker commuting daily for work in Singapore
And rental yield also dropped from Rm1.900 to Rm1,700 & then to only Rm1.400
So he decided to sell off the Condo
It was sold off for Rm330K (His cost after 3 trying wasted years(
The New buyer got it valued at Rm370K and 90% loan is Rm333K.
So the buyer is gettting more than his purchase
Both Mr Law & The Buyer were happy
Now the buyer will start to regret as price from Johor High Court auction has fallen below Rm300k and still falling some more
Why not looking for fertile land in neighbouring country? Vietnam is a country which would be benefited most from the trade war. Many manufacturers are pouring money into this country. Industrial land prices are getting higher due to huge demand. In HCM, the rental yield for a soho is between 6% to 7% in downtown. The size of soho is about 26sqm to 40sqm but fetching high demand due to prime location. It costs only US 3k to 3.5 per sqm.
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Posted by hollandking > 2018-12-25 15:22 | Report Abuse
yeah, stockraider, u right, On average is as what u mentioned.