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Investment Newbie Buying Property in Johor, Please enlighten me sensei

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ribby2020
post Jan 16 2023, 04:42 PM

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Just my 2 cents,
- Got to find out who is your potential tenant if the current tenant moved out. Why ppl in JB willingly rent your unit for rm1800-1900 if there are other cheaper option at the same place?

- New project vs subsale. Have u calculated the SPA legal fee, MOT and etc into your cost? 1 of the reason ppl go for new property is bcuz of all kind of incentives given by developers.

- Exit plan. As u mentioned, the reputation of the project itself is quite bad, u are lucky enough if the property price remain stagnant. How many potential buyers in the market 5/10 years later? Assuming the property is well maintained.

- Consider auction market if u hv so much cash in hand.

- 7k sgd is a lot if convert back to MYR. Try consider commercial properties like shophouses?

ribby2020
post Jan 17 2023, 10:12 AM

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QUOTE(Honor69 @ Jan 16 2023, 04:55 PM)
- The average rental there would be around RM 1700 to RM 1800 for the same unit layout as mine as most of the rental are slowly increasing since the customs open up.

- I calculated and most likely everything excluding the property will come up to roughly around RM 20k which I will mark up the SnP and use bank money to cover it.

- True, the exit plane might be a concern to me. But I heard like refinancing is also a good way to cashout or milk money from the property assuming there are tenants paying for ur installment. Like there are few ways of making money other than buy low sell high

- I am also looking into auction market but still awaiting the properties I want in auction, might consider getting 2nd or 3rd property in auction

- Shoplots, hmm an interesting choice, not much experience in this, i guess shoplots wont be considered because higher entry barrier (more risk), if really nobody rent then hailat compare to house at least i still got a house at the end of the day

thanks for commenting thou but what do u think ?
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Personally, I dun like the project itself. It wasn't built for local Malaysian at that time. Besides, JB and KL is different, demand for high rise is low. But for investment purpose, look at the numbers and pray hard u get a good tenant, if all good u can just go ahead. Nobody guarantee can predict the future.

 

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