QUOTE(timothy817 @ Nov 25 2023, 12:52 PM)
very very detailed & insightful post, i really appreciate your effort & kindness in patiently analyzing the pros & cons for me here
ya, definitely overflux of affordable housing like rumahwip, rumahselangorku & etc etc poorly performed sub sale project will be a tickling timebomb to the current market.
the current market is quite contradicting as well, as on one hand u see piles of lelong high rises here & there, at also same time u see rental market jacked up.
my main reason of thinking of shifting to singapore is mainly due to weakening currency concern, still have not tender my resignation at the moment, i hope not to make hasty decision & put myself in trouble & regret.
your opinion is so helpful, i will be carefully reading it, thank you so much god bless u
Moving to Singapore is a major lifestyle change la (much more competitive and cutthroat), and unless you have super unique skills that can compete in the SG job market, bear in mind that Singaporeans tend to treat Malaysians as second class citizens, same like Malaysian employers tend to treat Indonesians. So even earning in SG if it's not high enough to match SG's cost of living, you're not actually earning much (and SG is notoriously one of the most expensive rental markets in the world).
Some suggested that the market value of properties have gone up, but higher market value doesn't necessarily mean there are many ready buyers in the market, and there's an odd trend now where asking rent and prices are going up, but buyer and renter interest is going down unless you're in places now where population is undergoing rapid growth (Johor is a good example right now).
If your property is NOT an affordable home (which has cap on pricing) and is in a strategic location (near active business areas, good connectivity), there's certainly not much harm waiting unless you're debt laden and require cash, since the value should hold decently if location is good.
A conservative but "sure" strategy would be to sell ASAP and downsize to stay in a cheaper location/room/unit where the monthly rent+utilities is cheaper than the cost of serving instalment and maintenance of your current house. That way you get money in your bank account to prepare for moving, and you also lower your monthly commitment, enabling you to save more to move. At your current age, you need to start to seriously consider costs of healthcare (SG healthcare also not cheap) and retirement, so make sure you're well insured and you have already a decent retirement savings.