Lucky? More like sorhai....

Playing with loans and gambling like in genting...people like him are responsible for the sharp spike (and subsequent crash) of properties..

True freedom if he owns those props outright. As of now he owes the banks 8 million.

Until then, the banks own him. If the prop market crashes...he will be in chains for the rest of his young life.

accumulate 13 properties with only 3-5k income, not many young fella can do it. Many from this income group still crying for homeless.

Yes

I realised that too, in Singapore, Iskandar is damn hot. But a lot KL investor are not very keen with development in Iskandar. The thing is that, Sg government is imposing a lot of investment restriction in Sg for investors, thus many of them are looking elsewhere and Iskandar seems to be the best place to park the money. (cheaper alternative)

Plus, the ferry terminal is opening next month to connect both Harbour Front (Singapore) and Puteri Harbour, am so looking forward to the influx of Singaporean into Iskandar. Commercials will definitely fly.

I know some people who invest quite a bit in Iskandar, but to me there are two major problems:
1) Price is already far too high for locals for these popular launches (>700 psf)
2) It's freaking big

I never understand this part, unless banks are very lenient.

Example:
Income 6k, available for installment 6/3=2k, rent out at 2k
New income 8k, available for installment 8/3=2.67k, rent out at 2.67k
..
..
..
New income 9k, available for installment 9/3=3k, rent out at 3k (this is maximum)