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Investment Newbie Buying Property in Johor, Please enlighten me sensei
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Cavatzu
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 Jan 16 2023, 05:16 PM
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QUOTE(Honor69 @ Jan 16 2023, 03:41 PM) Newbie trying out property investment The unit I am looking at is an 881 square ft 2 bed and 2 bathroom layout. There is a tenant inside the unit and the rental is around RM 1700, the selling price is RM480k which I manage to haggle down to RM 380K which is almost 100k off. I think I will jack up the price to RM 1800/RM 1900 after I purchase the unit. The rental yield is roughly around 5.6% which I considered decent. If you compare this to any other units in KL/RnF pricess Cove, I find this unit quite impressive as most of the properties in KL only yield roughly 3% rental yield, at most 4% I’d just correct that and say that your figures about KL are mistaken. It is still a capital city and rents in “in-demand” areas have been very resilient. Way above the 5 or 6% mark. With SGD backing you, you don’t have to look at mass market property for Malaysians, consider the upper middle or upper crust stuff. Johor has become a third rate Shenzhen wannabe with limited industry and won’t shake that off in a hurry. Perhaps it makes sense if you get something at 50% or less of its original price. Buyers are now wary of locations that are highly cyclical and only appeal to one set of clientele. This post has been edited by Cavatzu: Jan 16 2023, 05:19 PM |
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Cavatzu
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Jan 16 2023, 07:45 PM
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Agreed. If I were Singaporean and I wanted to buy something just across the border, it would be landed at a fraction of the price.
If you’re going after a more cosmopolitan populace then it’ll be KL.
Just to reiterate, Johor is not Shenzhen. It’s like Philadelphia to Manhattan.
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Cavatzu
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Jan 17 2023, 11:58 AM
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What nonsense conjecture. Hard borders are up for a reason. What if PAS takes over government, that’s more likely than SG sponsoring their citizens to live in our country and not contribute to their GDP. It’s mainly Malaysians who work in SG who will buy back in Johor.
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Cavatzu
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Jan 17 2023, 03:57 PM
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QUOTE(loyiwei @ Jan 17 2023, 01:59 PM) The is already a mini Singapore estate in JB called Horizon Hills, the local call it Singapore village. SG is not sponsoring but saving money from this move as CPF is still individuals' money, not gov money. and if the retirees visit a SG gov hospital, gov need to subsidized heavily. If not, how do you explain the reason the SG gov allows that to be used in JB hospital. If PAS take over and implement drastic change, it is not difficult to just migrate back. On GDP, retirees dun contribute a lot to GDP and Singapore can convert a lot of resources/ space/ man power for higher value activity. JB can get higher spending power population to boast the economy. I see tat as a win-win for both country. You do make some valid points but until Malaysia gives assurance of what happens in case of an emergency or when borders get closed then this is not a full proof plan. Recent events have shown how volatile this can be. The idea is great but the reality might not match up. I saw too many MM2H people get completely stuffed over with no home for a long long time. This post has been edited by Cavatzu: Jan 17 2023, 04:00 PM |
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Cavatzu
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Jan 18 2023, 09:21 AM
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QUOTE(loyiwei @ Jan 18 2023, 09:01 AM) For the pandemic, it is a recent event and hence people still concern about it. give it a few years and it will be forgotten, that is how we have financial crisis every 10 yrs. We are forgetful. Pandemic that lead to border closure is a one in century event based on historical trend, I likely won't live to see another one...lol. Having seen The Last of Us - a fungal pandemic is a very real thing and not within the realm of being impossible. Since SARS, swine flu etc - there have been incidents at least once a decade and there are real repercussions to global warming. I’m no doomsayer but never say never. Covid was a good practice run at least. |
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