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 R&F Princess Cove, Iskandar Zulkanain

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bigman
post Aug 21 2014, 11:34 AM

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QUOTE(Zelphon @ Aug 21 2014, 11:25 AM)
I disagree...

Screwed up immigration policies caused infrastructure issues in SG now..
And driving up housing prices including HDB..
Meanwhile, salary level is depressed...
Cost of living is ridiculous now..

PAP govt is world no.1 in milking money..
Even China, Brunei.. etc send officials to SG to learn...

Malaysia is learning already..
In SG, BIGGEST LANDOWNER is GOVT... BIGGEST MONOPOLY BIZ all GOVT-LINKED..
Tat is why not much entrepreneurship in SG..
High risk of starting a biz in SG...
High cost too...

There are more opportunities in Malaysia due to inept govt..
*
yup...the opportunities still a lot in malaysia...u no need to be very competent or have very strong background in first place to setup ur business in malaysia...of course u need to work hard n get good networking (cable) to success...


bigman
post Aug 21 2014, 11:34 AM

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QUOTE(Zelphon @ Aug 21 2014, 11:25 AM)
I disagree...

Screwed up immigration policies caused infrastructure issues in SG now..
And driving up housing prices including HDB..
Meanwhile, salary level is depressed...
Cost of living is ridiculous now..

PAP govt is world no.1 in milking money..
Even China, Brunei.. etc send officials to SG to learn...

Malaysia is learning already..
In SG, BIGGEST LANDOWNER is GOVT... BIGGEST MONOPOLY BIZ all GOVT-LINKED..
Tat is why not much entrepreneurship in SG..
High risk of starting a biz in SG...
High cost too...

There are more opportunities in Malaysia due to inept govt..
*
yup...the opportunities still a lot in malaysia...u no need to be very competent or have very strong background in first place to setup ur business in malaysia...of course u need to work hard n get good networking (cable) to success...


Tigerr
post Aug 21 2014, 11:34 AM

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QUOTE(Cocoon @ Aug 21 2014, 10:30 AM)
if it is true why not keep buying HDB flat? You can make a fortune out of it.  flex.gif
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Yes I ll buy a hdb instead of princess cove. I can rent out at sgd2.2k n u have hard time to rent out at rm5k. Same time hdb price ll go up in the next 10 years time as already got talks of 10 mil population....
Tigerr
post Aug 21 2014, 11:35 AM

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QUOTE(bigman @ Aug 21 2014, 11:34 AM)
yup...the opportunities still a lot in malaysia...u no need to be very competent or have very strong background in first place to setup ur business in malaysia...of course u need to work hard n get good networking (cable) to success...
*
Plus u give 30% share to the "bumi"s n those PTI after getting the IC also consider bumi.
hhho
post Aug 21 2014, 11:47 AM

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QUOTE(Zelphon @ Aug 21 2014, 11:19 AM)
Exit Strategy from Singapore mah..

KL too far...
Transport expenditure will be high even with HSR...

Even if I rent out R&F cheaply in future, I can still easily access it in case tenant run away...etc..
Very hard to monitor overseas properties if too far..

No bike.. No car..
That is why I only pick R&F Princess Cove..

My mum got a terrace/something in Taman Daya..
Whole house rent out only RM 530 a month (excluding utilities) and always tenant run away without 1st informing us..
1st time lost 3 mths worth of rental..
Just happened again with this one and heard from neighbours that the whole house lights is turned on..
Wonder how much rental losses this time...

That is why I avoid buying properties that is not easily accessible for me...

Rental in malaysia is really headache one.
When tenant runs.. u won't able to locate them in Malaysia..

As I mentioned, rental is crap in Malaysia.. with the risks involved..
R&F on the plus side is easily accessible for me...

Rental or not, it serves a great purpose as exit strategy..
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Your purpose of purchase is slightly different from mine!

I only buy new house directly from the developer and stay for a certain period of times (no rental, please)
KL is not consider that far when HSR ready in year 2020!
Even now I get use to travel from Singapore to Malaysia regularly by coach or bus for more than half day!
I do not drive to Malaysia eventhough I own a car.
Location wise, KL is still much better than JB but that for me!

Thank you very much for sharing your opinion!



Zelphon
post Aug 21 2014, 11:51 AM

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QUOTE(Tigerr @ Aug 21 2014, 11:34 AM)
Yes I ll buy a hdb instead of princess cove. I can rent out at sgd2.2k n u have hard time to rent out at rm5k. Same time hdb price ll go up in the next 10 years time as already got talks of 10 mil population....
*
Yes..

But u can only own 1 HDB...
To get a 2nd property in SG..
Even a studio 1 BR in f***ed up locations cost min. SGD $550,000..

Then all the ABSD.. TDSR comes into play... Making it very very difficult to get a 2nd property..

Govt is trying to control people by forcing them into debts via HDB... Screwed up CPF schemes and unabated high cost of medical treatments...

SG is a richman's playground now..
A place to earn money...

That's it..


Tigerr
post Aug 21 2014, 11:56 AM

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QUOTE(hhho @ Aug 21 2014, 11:47 AM)
Your purpose of purchase is slightly different from mine!

I only buy new house directly from the developer and stay for a certain period of times (no rental, please)
KL is not consider that far when HSR ready in year 2020!
Even now I get use to travel from Singapore to Malaysia regularly by coach or bus for more than half day!
I do not drive to Malaysia eventhough I own a car.
Location wise, KL is still much better than JB but that for me!

Thank you very much for sharing your opinion!
*
For me. If need to stay n work in singapore. Buying or investing in a hdb definately better than buying in iskandar.
hhho
post Aug 21 2014, 12:06 PM

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QUOTE(Tigerr @ Aug 21 2014, 11:56 AM)
For me. If need to stay n work in singapore. Buying or investing in a hdb definately better than buying in iskandar.
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Not for me as I have been staying in Singapore for many years already
Looking forward much cheaper and better housing after stop working!

http://mothership.sg/2014/06/15-reasons-wh...me-in-malaysia/
hhho
post Aug 21 2014, 12:17 PM

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QUOTE(Zelphon @ Aug 21 2014, 11:26 AM)
If I get retrenched or SG is too expensive to bear..

Can downgrade to living in R&F while renting out entire HDB for old age...
This is better than the leasebuy back crap from PAP govt and the CPF life crap..
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+1 agreed with you! thumbup.gif
Tigerr
post Aug 21 2014, 12:18 PM

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QUOTE(hhho @ Aug 21 2014, 12:06 PM)
Not for me as I have been staying in Singapore for many years already
Looking forward much cheaper and better housing after stop working!

http://mothership.sg/2014/06/15-reasons-wh...me-in-malaysia/
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But if for singaporean. U need 1 mil above property. But not sure how to stay in malaysia for long term. Govt to grantew immigrants visa or ????
hhho
post Aug 21 2014, 12:23 PM

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You may refer to information on MM2H program

http://www.mm2h.gov.my/index.php/en/benefi...urchase-a-house
Cocoon
post Aug 21 2014, 12:52 PM

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QUOTE(Tigerr @ Aug 21 2014, 11:56 AM)
For me. If need to stay n work in singapore. Buying or investing in a hdb definately better than buying in iskandar.
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U dont get the point. Those singa lang looking into investing in overseas already sorted out their own stay house n most likely is a hdb.

U wont consider buying rnf vs hdb flat. U will consider a private condo in singa vs rnf.

Just like u wont consider keeping a mistress before u even get married bro
Tigerr
post Aug 21 2014, 01:06 PM

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QUOTE(Cocoon @ Aug 21 2014, 12:52 PM)
U dont get the point.  Those singa lang looking into investing in overseas already sorted out their own stay house n most likely is a hdb.

U wont consider buying rnf vs hdb flat. U will consider a private condo in singa vs rnf.

Just like u wont consider keeping a mistress before u even get married bro
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My few colleagues singa poh lang investing in oversea like hk n phillipine n thailand. They didnt give a thought of jb leh except one ex GM who bought a unit at horizon hill...
Cocoon
post Aug 21 2014, 02:43 PM

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QUOTE(Tigerr @ Aug 21 2014, 01:06 PM)
My few colleagues singa poh lang investing in oversea like hk n phillipine n thailand. They didnt give a thought of jb leh except one ex GM who bought a unit at horizon hill...
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u compare like that is sensible. U could be right!

Sorry I just wannt to make a point on ur comparison analysis. Cheers bro.


blessedvillain
post Aug 21 2014, 03:01 PM

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It depends on your objectives.

For Zelphon, he is a genuine buyer and is clear that this RnF property is his exit strategy from Singapore in the event when he is retrenched. I respect and understand his intention.

If you view RnF as investment, maybe this is not so sustainable in short to mid term. Calculate your monthly mortgage installment and compare it with the existing rental market at JB. If the estimate rental (in 3 years time when VP) can give good yield, then it's a GO!
Tigerr
post Aug 21 2014, 04:07 PM

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QUOTE(blessedvillain @ Aug 21 2014, 03:01 PM)
It depends on your objectives.

For Zelphon, he is a genuine buyer and is clear that this RnF property is his exit strategy from Singapore in the event when he is retrenched. I respect and understand his intention.

If you view RnF as investment, maybe this is not so sustainable in short to mid term. Calculate your monthly mortgage installment and compare it with the existing rental market at JB. If the estimate rental (in 3 years time when VP) can give good yield, then it's a GO!
*
I have discussed with my colleagues who investing. They dont plan to buy in jb mainly because they think they not able to get high rental to those working class from singapore aka ta kung chai. So they rather invest in phillipines n thailand as can get better roi (according to them lar) in rental games.
QSquare
post Aug 21 2014, 04:17 PM

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Why do you guys worry so much? Got rental or no rental. R&F is going to double 5 years down the road. HUAT AH
Kicimiao66cc
post Aug 21 2014, 07:36 PM

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Wait see wait see wait see...end up see people getting rich and live in beauty lifestyle.
ManutdGiggs
post Aug 21 2014, 07:45 PM

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QUOTE(Zelphon @ Aug 21 2014, 11:51 AM)
Yes..

But u can only own 1 HDB...
To get a 2nd property in SG..
Even a studio 1 BR in f***ed up locations cost min. SGD $550,000..

Then all the ABSD.. TDSR comes into play... Making it very very difficult to get a 2nd property..

Govt is trying to control people by forcing them into debts via HDB... Screwed up CPF schemes and unabated high cost of medical treatments...

SG is a richman's playground now..
A place to earn money...

That's it..
*
Boss mind to share which part of Singa is Fark up???

I'm looking at jurong and ang mo kio. Isit gd???

It's true Singa props r at nonsense price now. But just wanna buy one in case need to Zhao Lou fr Malai. laugh.gif
Cocoon
post Aug 21 2014, 07:58 PM

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QUOTE(ManutdGiggs @ Aug 21 2014, 07:45 PM)
Boss mind to share which part of Singa is Fark up???

I'm looking at jurong and ang mo kio. Isit gd???

It's true Singa props r at nonsense price now. But just wanna buy one in case need to Zhao Lou fr Malai. laugh.gif
*
You zhao lou there he zhao lou here. Gain one lose one no gain no loss breakeven

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