Posted by calvintaneng > 2018-12-25 14:44 | Report Abuse

Among the states that have a serious overhang are Johor, Selangor, Penang


Overhang in Johor mainly High Rise High End Condos. And also Expensively Overpriced Landed Houses Above Rm1 millions

There is a huge shortage of affordable new single storey houses priced below Rm350,000 and huge shortage of 2 storey houses priced below Rm500,000 in booming Iskandar (Johor)

Posted by qqq3 > 2018-12-25 14:48 | Report Abuse

Johor looks like full of ghosts towns in the making....scary.....

Posted by calvintaneng > 2018-12-25 14:52 |

Post removed.Why?

Posted by qqq3 > 2018-12-25 14:54 | Report Abuse

trust these charts or trust what any visitor can see?

a lot of the ghost towns are built by China companies....reminds people of China ghost towns...and built by PNB related companies.....

Posted by feimah > 2018-12-25 14:58 | Report Abuse

abcdefg your statement is incorrect.

Msia wouldn't give auto PR to any foreign who bought property in the country.

abcdefg bec of your Mahathir forbade Chinese from buying property...

Posted by qqq3 > 2018-12-25 15:00 | Report Abuse

calvin...people tell me even the town center condos are largely unoccupied......

Posted by calvintaneng > 2018-12-25 15:10 | Report Abuse

Town Center Condos?

Not too many Condos are found in JB Town Centre as there is little land there

Only condos are by China Country Garden in Danga Bay (9000 units),

Forest City & Medini

Johoreans don't live there if any

Johoreans are staying in Landed Single or Double Storey Houses now in short supply due to Many many people working in Singapore but living in Johor

https://www.google.com/search?q=johor+causeway+jam+pictures&tbm=isch&tbo=u&source=univ&sa=X&ved=2ahUKEwjU2qjAtrrfAhWMvo8KHVdzCQAQsAR6BAgFEAE&biw=1920&bih=938

Posted by calvintaneng > 2018-12-25 15:13 | Report Abuse

All Businesses in JB CBD are doing roaring business due to Very Strong Sing Dollar now

https://www.thestar.com.my/news/nation/2018/12/24/the-dollar-sings-ho-ho-ho-in-jb-singaporeans-hunting-for-shopping-bargains-thanks-to-their-strong-cu/

Posted by hollandking > 2018-12-25 15:16 | Report Abuse

yup qqq3, those condos were used for speculations, already anticipated this was gonna happened.

Posted by hollandking > 2018-12-25 15:17 | Report Abuse

the developers are still pumping more , i'm not sure currently are they still building. They still building, flippers want to flip but can they outdo developers? Sure mati one

Posted by stockraider > 2018-12-25 15:19 | Report Abuse

Affordability tops housing issues in 2018

Publish date: Fri, 21 Dec 2018, 02:07 PM
KUALA LUMPUR: The year 2018 has been a year of consolidation for the property industry as both the Pakatan Harapan-led government and property developers grappled with ways to offer affordable houses to resolve the housing woes especially of the Bottom 40 (B40) of the population.

Lawyer, Chris Tan Chur Pim of Chur Associates, said the supply and demand mismatch in the affordable houses category remained a key issue despite various initiatives taken by the previous government.
“The mixed product that was offered in the market was just not sufficient and the affordable range offered by private developers was not a good match.

“We think it (houses) was build more for the upper B40 or the lower Middle 40 (M40) group because most of the B40 have no access to financing as conventional bank terms were not modelled to meet their requirement.
“However, since PH took over, we think the government has been very open in finding alternatives in helping people own their first house and developers too are being assisted in reducing the overhang of properties,” Tan told Bernama.

The PH government is trying to implement various measures at the Federal level, emulating what the opposition-led government did then in states like Selangor and Penang.

For instance, the Selangor government initiated the ‘’Rumah Selangorku’’ housing programme which provided several financing options.
This were among the examples which prompted the Federal government to be more open in providing funding alternatives, thus, the ‘’FundMyHome’’ initiative was announced during the 2019 Budget.

Tan said having the house buyer to come up with the 20 per cent down payment and the balance to be raised from institutions or individuals, signified that housing loans methods were changing in accordance with the pressing need for financing and when banks could not provide that bridging facility.
“This new loan model is an investment that offers an alternative to house ownership and personally we think it is a good start.
“However, the details of FundMyHome will only be finalised in the first quarter of 2019,” added Tan.

The government in its 2019 Budget also announced several moves to boost the property sector including the RM25 million allocation to Cagamas Bhd for mortgage guarantee for first-time buyers earning up to RM5,000 monthly, which was deemed positive by the Real Estate and Housing Developers Association (REHDA).
“Coupled with the stamp duty exemption on transfer instruments for the purchase of first houses priced between RM300,001 and RM1 million, it is indeed a step in the right direction towards encouraging people to own properties, which is an effective wealth-creating instrument,” said REDHA President Datuk Soam Heng Choon.

He pointed out that the stamp duty waiver for houses costing up to RM500,000 and the RM1 million to help first-time homebuyers with household incomes of below RM2,300 to acquire a house of up to RM150,000 at a low financing rate of up to 3.5 per cent per annum, were also expected to boost house ownership.
In the meantime, the RM1.5 billion allocated for affordable housing projects under the People’s Housing Programme, the Malaysia Civil Servants Housing Programme (PPA1M), Perbadanan PR1MA Malaysia (PR1MA) and Syarikat Perumahan Nasional Bhd (SPNB) would also ensure that affordable houses continue to be made available for those who are eligible.

Besides, the exemption of construction services from the Sales and Services Tax (SST) and as principally agreed for utility firms to build their own amenities as part of efforts to help reduce compliance costs, are expected to enable developers to reduce house prices.
On a related matter, Housing and Local Government Minister Zuraida Kamaruddin introduced three new categories of affordable houses, namely, those costing RM150,000 and below, RM150,000 to RM300,000; and of RM300,000 to RM500,000.

She also said that all housing projects under the five housing entities namely PR1MA; PPA1M; UDA Holdings Bhd; SPNB; and the Hardcore Poor Housing Programme (PPRT), would be streamlined under one programme.
As for the performance of the property market during the year, according to the National Property Information Centre (NAPIC), a marginal decline in market activity was recorded in the first half of this year in line with the challenging economic and financial situation.

As revealed in the ‘’Property Market Report for First Half (1H) 2018’’, prepared by the Valuation and Property Services Department of the Ministry of Finance, 149,889 transactions, worth RM67.74 billion, were recorded during the period, down 2.4 per cent and 0.1 per cent, respectively, compared with 153,526 transactions valued at RM67.83 billion recorded in 1H 2017.

Posted by hollandking > 2018-12-25 15:19 | Report Abuse

those town condos not worth the money, bcoz johor not land scared, lots of land, i can get better property a bit further away. Beside, they goreng so high, not worth at all

Posted by stockraider > 2018-12-25 15:21 | Report Abuse

IF U TALK AFFORDABILITY THEN MSIAN GENERALLY CAN AFFORD HOUSES AROUND RM 250K & BELOW IF THEY EARN LESS THAN RM 5K PER MONTH LOH...!!

BUT MOST OF THE HOUSES ARE ABOVE THIS RANGE MAH...!!

Posted by hollandking > 2018-12-25 15:22 | Report Abuse

yeah, stockraider, u right, On average is as what u mentioned.

Posted by calvintaneng > 2018-12-25 15:24 |

Post removed.Why?

Posted by hollandking > 2018-12-25 15:25 | Report Abuse

if is me, i'll go for agriculture land, think i can do big with them.

Posted by qqq3 > 2018-12-25 15:27 | Report Abuse

affordability is a function of interest rates.....

of course if interest rates go to 10% , all hamgar chan.....

Posted by stockraider > 2018-12-25 15:28 | Report Abuse

INCOME 1ST THEN INTEREST RATES LOH...!!

Posted by qqq3 > Dec 25, 2018 03:27 PM | Report Abuse

affordability is a function of interest rates.....

of course if interest rates go to 10% , all hamgar chan...

Posted by calvintaneng > 2018-12-25 15:29 | Report Abuse

Posted by stockraider > Dec 25, 2018 03:21 PM | Report Abuse

IF U TALK AFFORDABILITY THEN MSIAN GENERALLY CAN AFFORD HOUSES AROUND RM 250K & BELOW IF THEY EARN LESS THAN RM 5K PER MONTH LOH...!!

BUT MOST OF THE HOUSES ARE ABOVE THIS RANGE MAH...!!


CORRECT

RM250,000 for Malaysians due to weak ringgit

BUT 500,000 JOHOREANS ARE NOW WORKING IN SINGAPORE FOR 3X MALAYSIAN WAGE (ONE SING DOLLAR NOW RM3.04)

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens

Posted by stockraider > 2018-12-25 15:34 | Report Abuse

IF THEY ARE IN SPORE EARNINGS SGD 3K TO 4K IS NOTHING LOH....!!

IT IS LIKE BANGLA AND INDON EARNINGS RM RM 2.5K TO 3K IN MSIA LOH....!!

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens

Posted by calvintaneng > 2018-12-25 15:36 | Report Abuse

Posted by stockraider > Dec 25, 2018 03:32 PM | Report Abuse

IF THEY ARE IN SPORE RARNINGS SGD 3K TO 4K IS NOTHING LOH....!!

IT IS LIKE BANGLA AND INDON EARNINGS RM RM 2.5K TO 3K IN MSIA LOH....!!

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens


Of course little in Singapore

But All these Banks

Public Bank
Hong Leong Bank
MAY Bank
RHB BANK
UOB BANK
HKSB BANK
STANDARD CHARTERED BANK
CIMB BANK
AMBANK

Happily lend monies to anyone working in Singapore with just only

S$2,000 (Rm6,000) a month

SO THAT'S WHY JOHOR IS SO BOOMING

Posted by stockraider > 2018-12-25 15:39 | Report Abuse

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.....!!

Posted by calvintaneng > 2018-12-25 15:39 | Report Abuse

See how they even walked to Singapore for work

https://www.google.com/search?q=walking+across+the+cause+way+photo&tbm=isch&tbo=u&source=univ&sa=X&ved=2ahUKEwjXjfjnvLrfAhVMvI8KHdSuBqkQsAR6BAgBEAE&biw=1920&bih=938#imgrc=bDozZPlD0eN2_M:

Posted by calvintaneng > 2018-12-25 15:43 | Report Abuse

Is there anywhere in Whole of Malaysia? Or planet earth today where people wake up at 4am in the morning to queue for bus?

See

http://www.johorinvestment.com/waiting-for-cw6-bus-from-nusajaya-to-jurong-singapore-at-4am/

Posted by stockraider > 2018-12-25 15:46 | Report Abuse

ZHUHAI AND MACAO I NOTICE IS LIKE SPORE N JB.

ALSO BATAM & SPORE TOO.

Posted by qqq3 > 2018-12-25 15:46 | Report Abuse

what kind of life is that? pitiful

Posted by stockraider > 2018-12-25 15:51 | 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.....!!

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

what kind of life is that? pitiful

Posted by calvintaneng > 2018-12-25 15:54 | 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

Posted by qqq3 > 2018-12-25 15:54 | 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......

Posted by stockraider > 2018-12-25 15:57 | Report Abuse

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......

Posted by calvintaneng > 2018-12-25 16:27 | Report Abuse

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

Posted by calvintaneng > 2018-12-25 16:30 | Report Abuse

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

Posted by stockraider > 2018-12-25 16:39 | Report Abuse

CORRECTLOH....IF U WANT TO HAVE GOOD LIFE N LIVE REASONABLE WELL, U NEED TO BE EITHER VERY PANLAI OR VERY HARD WORKING LOH...!!

NOT MANY PEOPLE CAN BE VERY PANLAI, BUT ALOT PEOPLE CAN BE VERY HARD WORKING MAH.....!!

Posted by hollandking > 2018-12-25 17:24 | Report Abuse

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.

Posted by apolloang > 2018-12-25 17:29 | Report Abuse

https://www.theedgemarkets.com/article/median-house-price-malaysia-rises-3q18

why price still going up?

Posted by calvintaneng > 2018-12-25 17:45 | Report Abuse

Price goes up due to fallen ringgit

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.

Posted by apolloang > 2018-12-25 17:49 | Report Abuse

rich people curi curi buy,like they accumulate stocks,diam diam beli

Posted by feimah > 2018-12-25 17:52 | Report Abuse

Calvin, why your countrymen not investing in iskandar houses since you describe it is value for money?

Posted by apolloang > 2018-12-25 17:53 | Report Abuse

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

Posted by apolloang > 2018-12-25 17:55 | Report Abuse

value for money or value for staying? Iskandar rental yield good or not? butterworth big houses cheaper than penang but rental yield very low

Posted by feimah > 2018-12-25 18:00 | Report Abuse

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

Posted by Alex™ > 2018-12-25 18:01 | Report Abuse

Yes... When house price can turun?

Posted by apolloang > 2018-12-25 18:03 | Report Abuse

penang many rich people,turun no wanna sell.....hehe

Posted by apolloang > 2018-12-25 18:04 | Report Abuse

johor turun can sell lah cos huge landbank

Posted by calvintaneng > 2018-12-25 18:05 | Report Abuse

Feimah

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

Posted by apolloang > 2018-12-25 18:12 | Report Abuse

penang pula terbalik,cheap one people no wan cos place lousy....hehe

Posted by feimah > 2018-12-25 18:15 | Report Abuse

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.

Posted by calvintaneng > 2018-12-25 18:26 | Report Abuse

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

Posted by apolloang > 2018-12-25 18:27 | Report Abuse

depend on the rental yield lah

Posted by feimah > 2018-12-25 18:38 | Report Abuse

I see you point.