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.....!!
In Johor CBD due to higher rent eating out for Johoreans is about same as KL
But One Third of Johoreans earn in Sing Dollar which is 3X ringgit purchasing power
However, if you do your home cooking things are cheap in MyDin, Giant, Tesco, AEON or ECONSAVE. Especially ECONSAVE As their house brand beats all in prices
Also Johor Govt wants to help Bumi by giving 15% Discount for New House purchases. This 15% Discount is the highest in Malaysia
I am very very tempted. But i dont think they are as good as equities. And i am no longer in johor and thus unable to care for my investment if i bought one.
I spoke to a very intelligent lawyer this week in Johor.
He said he bought 3 low cost flats in Skudai area in Jb for rm25k to rm35k each from High Court auction. To his glad surprise he tenanted them out as high as rm600 each. That is a fantastic 23% to 28% rental yield!
He also bought Spore Reits for good dividend. He bought when S$ was Rm2. 40. Now S$ has gone up to RM3. 03. However, market has gone down by 20% to 30% even for Reits in Spore. But it's ok as he gets consistent dividends plus currency exchange gain due to Strong Sing dollar
These are very dangerous times holding on to high rise highend condos now in glut. Or high-flying shares. Low priced LANDED HOUSES LIKE ONE STOREY BELOW RM300K ARE SAFE DUE TO SCARCITY AS THERE WILL NO MORE NEW ONES
AND ALSO BEST BUYS ARE LOW COST LANDED HOUSES THAT CAN COMMAND A YIELD TWICE THAT OF BANK FD
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3334 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
calvintaneng
56,031 posts
Posted by calvintaneng > 2018-12-25 15:37 | 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