ASKING SEAN

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In this episode, we will discuss somewhat the opportunity, which is also the dark side of property investment. In JB where land are in abundant, we have exact examples of high rise projects where their value has dropped 70% in less than 10 years time.
That's a very scary story that I wish everything should take note of it. Well in order to prevent it, it would still be market research that helps us make informed decisions.

[@haarishk556]

You are giving sound , sincere and knowledge based advice. Most people investing in property may not think about currency exchange rate, cost to buy and cost to hold and potential appreciation/depreciation for the duration of holding the property. You are one of the good genuine guys giving advice. Keep up the good work Sean!

[@pheunthai]

The problem with JB properties is that even when you think their prices have reached the lowest, they will go even lower. There are other investment options.

[@J-Young_photography]

it is always cheaper to rent, and rent as needed. many Singaporeans buy JB properties for retirement is a bit silly, rent a unit is good enough. and once you get use to stay in Malaysia and has a local car can venture to further away from JB for better location. JB is not Shenzhen, never.

[@NurismanTube]

Free consultation. No matter how analytical a person is when looking at an opportunity and armed with all the statistic and figures in hand, what really matters are the experience and knowledge about the area of interest. Otherwise we can just AI the decision, probably a software tool for this is already out there. This is where a person such as Sean makes a difference. But not being analytical and ignoring the statistic will lead to uninformed decision and relying on luck.

[@markkoh888]

"Keeping $$ in S$ by default it's already capital appreciation..." Well said!!

[@weezersg]

I am also looking at buying a unit at this development but is for own stay. What makes it a compelling buy at the moment is definitely the depress price due to the negative ‘image’ of the development/per. Personally I have tried a few units AirBnB and the units I stayed in have no issues at least what I can observed and upkeep is surprisingly good. Generally the condo price in JB is very depress and I don’t see much capital upside. I am still weighing my options, what attracts me is the proximity to JB town and amazing sea view .

[@user-mv3tv6zo4o]

So did you buy?

[@bryanjp79]

Such a good patience to answer such a long email. Salute.

[@iherng]

Anything for better context.

[@justinjustin1802]

good video content. yes, you mentioned about the most important point, the writer is actually want to show himself up how much how well he is earning right now, and how smart he is by doing all this analytical analysis. and yet free advice, this is what he need. i hope I'm wrong and one day he will sign deal with Sean whenever he buy/sell his property and continue support Sean.

[@dannyc7659]

Warning to all investors buying malaysian properties...... the devaluation of the their currency alone will kill your portfolio! Not to mention that the persistent massive supply always outstrips the demand and local banks only acknowledge the initial purchase price of any property hence only the upcoming new projects will be priced higher. Malaysia itself does not welcome foreign residents so it is not advisable to buy any property in Malaysia as a whole notwithstanding that the rental returns are so pitifully low. I personally experienced it and had exited the Malaysians property market since 2013 luckily with just a small loss before the the ringgit collapses from 2.48 to 3.10. Do your due diligence before any decision if you insists on buying.

[@kenkintel]

Has he visited the actual site? There's so many problems, you sell people also dont want. Sean is definitely right, dont let the prior price tag 1m become a vague discount reason in this deal

[@jylaw9495]

what are some major defects?

[@frederickho348]

Very good analysis of client email. It's very important to factor in - who will buy your good deal next? Locals, foreigners etc. One important point left out by all parties - political certainty esp to foreign purchasers. With constant political changes in KL, foreign ownership are subject to much changes..MM2H eligibility! If foreigners have to pay above 1m again,(currently this waiver is privy to developers!) will locals esp Johoreans, buy your good deal at above RM380k condo?

[@angxiang3186]

Basically you r buying an asset with no potential for capital appreciation. U bought low n u will sell low ~ best gain is that u “low balled” the seller. Unless u r prepared to self occupied the unit - the rental is not a constant stream as there r plentiful of alternative units n elsewhere, u may not break even against maintenance cost/financing. As for the mall ~ all malls need crowd n pedestrians consumers - otherwise no shops can operate.

[@Edwin69King]

Hi, iherng, I am the one who submitted this question ! Really appreciate for answering all my questions and doubts that I have. I have decided to listened to your advice and not proceed through with the deal.

[@CBF2020]

I've rented at danga bay for a year. Trust me the quality is bad, management is bad, there was an electricity outages for 4 days for the whole bay laurel block because the china developer used sub par material for the main copper wiring. Currently density is low so there isn't much maintenance needed but once people start to move in and the quality of work will eventually show. Trust me better buy a unit by local developer. Sky88 is a good condo IMO

[@hanzz4184]

Princess Cove can consider too, walking distance to CIQ

[@OceanWave545]

@@CBF2020 this is very good feedback, thanks for sharing

[@iherng]

@@OceanWave545 Yea, thanks for sharing!!

[@ericljy99]

What kind of job do you do to have 7000sgd at 24 age ? I'm same age with you really impress with that salary

[@Sllee93]

Wow. I am saving this to watch definitely!

[@iherng]

Hope you enjoy it! :)

[@caine23]

Wise Malaysian only purchase Landed property and it call "House" , Condo just a tiny "Box" and that's why So many out there developers build it and Oversupply in Malaysia

[@Defender888888]

is landed really that preferable to condo in malaysian eyes? i get land is abundant. but landed higher chance of breakin, it is so big its a nightmare to clean, both landed and condo are freehold. is there any other special reasons why landed prized so far above condo in malaysia?

[@CSB-pu9mc]

Very good analysis from both and the information is really useful.

[@yauyh88]

With so many buyers incurring losses, the proportion of owners paying maintenance fees won't be high and may not be able to sustain the upkeep of the place. It would be run down pretty badly overtime. One more factor that needs to be considered.

[@keegankit2863]

Precisely , i am about to say that , look at the upkeep at forest city, a lot of crack tiles at the shop front. It going from Bad to worst

[@propertyguru22]

If an owner cannot pay maintenance fees, then their property can be sealed or seized. (after a certain time period). This is the law.

[@keegankit2863]

@@propertyguru22 Are you Malaysian?

[@propertyguru22]

@@keegankit2863 No

[@keegankit2863]

@@propertyguru22 I thought so , in malaysia its hard to get everyone pay the maintenance fee . At my housing estate only 60% pay the rest got the free rides. :)

[@user-cn5ri5he4c]

Which area do you think is the best area to buy today and which area is likely to have the best area for resale? Which part of Malaysia is best for the very best quality of life? Do you think other countries are more interesting to buy properties? Thank you.

[@TheIkan88]

Landed in jb still reasonable price instead of kv

[@jeff6429]

you talk business investment sense. Well done!

[@iherng]

Thanks for watching jeff!!

[@s1399518]

To the host, you are A damn good awesome youngster yourself, eloquent, analytical, deep knowledge! from A non youngster.

[@suukinsin6771]

Your property can increase in value after many years but not many buyers can afford..

[@hyhowe]

Just my opinion on general based on myself as a Malaysian living overseas and also a recent property hunter in SG and MY. As a property hunter, yes Edwin are facing the same problem as myself. However, in my case it is for self stay. Mortgage rate is now more expensive in SG than in MY. SORA is now 3.85% (before the recent Fed rate hike of 0.25%) + 0.75% mark up by the bank. So buying an property in SG is not affordable for a family size unit. Also the stamp duty for non-citizen is just mad. So my target now is in JB so commuting to SG will be easier, but my target is only JB city. But like Edwin mentioned, developer units are abundant (I saw the list from agent's phone). I was looking at the high rise project from the top 3 local developer within 2km to the CIQ. Eventually I bought a 50 year old runned down landed property in the JB city, tear it down and rebuild. Hopefully it will be featured in Seed Design. LOL. And just my personal opinion to you. I assumed that you are a Malaysian working in Malaysia and not a SG PR, and this is your first career, it is most likely that you will settle down in Singapore. (Obtained a PR, then married in Singapore) It is likely that when you are married in a few years time, you will not eligible to a BTO HDB due to income ceilling (most likely your partners will be a Singaporean). So you will need a lot of cash to purchase a resale HDB or a private property. that's happens to many of my friends when there are in the second half of their 20s. I would suggest you to just save up or to invest in blue chip shares in Singapore. Dividend returns are roughly 6% for the local Singapore banks. Lastly, it is better to think now if are you going to renounce your Malaysian citizenship in your lifetime, you will need to let go all your properties when you decided to do so.

[@hann659]

Within 2km from CIQ.... If it is beyond 0.5km, there is a problem. Drive, no where to park. Walk, too far (JB town is the most dangerous place to walk in Johor because there are many rich Singaporean pedestrians who are good targets for robbers). Bus, if there is a bus... For such a distance, the driver may not stop. Generally daily commutes are ok for may be 10 years. Unless it is the small number of apartments within walking distance from CIQ. And you are ok with paying 10-20 SGD a day for the new train service. I commuted for 10 years. Now have been living full time in Johor for another 10 years. Far from JB town. Life cannot be about traffic forever, or it will suck, even though it generates more money.

[@jacko9294]

Well done sir! Salute for not being a sheep and forging your own path (staying away from overbuilt/overpriced condos). I hope to see your landed house featured on Design Seed too.

[@DaysChallenge-dk8jn]

Any advice for Singaporean married with Malaysian?

[@hyhowe]

@@DaysChallenge-dk8jn Buy when only you need. Don't buy for the sake of buying.

[@huhx87]

saw Quayside JBCC, which is a hotel venture by Ascott group, owned by capitaland... what about the hotel scene in JB?

[@user-cn5ri5he4c]

Good morning Sean, You mentioned that we can purchase a property as part of a group to get a better rate. !) Where does one find out about these group purchases? 2) What is the very best way to purchase a property for the best chance of making a profit when you resale? Thank you for your informative program.

[@iherng]

Well I’m a VIP of this investment club called Far Capital and I’ve got my last several investments from them. If you’re interested, you can click the link here : bit.ly/3DxoxWS Well please do your due diligence yea:)

[@chelsonnen6080]

Impressive analysis and very accurate in my opinion. As usual, excellent Sean!

[@iherng]

Glad you enjoyed it Chelson!! thanks for watching!!

[@jasonwong2317]

Actually the exchange different risk is not as high if the property is (1) not generating negative cash flow and (2) heavily debt financed (e.g. 90%) since the depreciation of currency applies to both the asset (property) and the liability (loan) so getting a loan is somewhat a "hedge" for currency risk.

[@samuel1289]

But there's opportunity costs

[@Desmond-_-]

@samuel1289 if the property is financed, currency depreciation would mean lower monthly repayment. So it's gonna to offset itself. Only if you paid the property with large sum or fully in cash, then opportunity cost is a big thing to consider.

[@Lesteryky]

it is... my boss bought a landed property in Bkt Indah when it first launch. got is for RM480k and the exchange rate during then was $1 = RM2.4, now the property appreciated to RM750-800k. lets take 800k for example. She bought the property for 200k SGD. now the property is 242k SGD. That is 10+ years ago. after factoring in interest and other cost. she literally not making any money at all because of the ringgit depreciation and as Sean mentioned, you earn more by buying REITs.

[@user-yk9fw7qc9p]

@@Lesteryky rightly so. Foreigners are buying at a too high premium. Next time if want to see hdb also need to sell overseas property too.

[@michaelnch]

I've been thinking of doing the same thing as the guy so this video really helps! Btw, any chance that you'll be doing a review on The Commune @ Eco Botanic 2?

[@iherng]

Let me call my friends hahaha. Thanks for watching!!

[@maskmanfive3774]

Anything that is called ... The Commune ... Deserves to be buyer beware ... Or have it's residents treated as traitorous elements.

[@sttn0236]

What is the price now?? Has it been appreciated ?????

[@benk7177]

hi Sean, where can we check information on transacted prices and property details? Is there such a government database? So far I find buying property in Malaysia can be quite challenging due to lack of information as I can't anything on the internet.

[@Arvinross]

Brickz

[@hingloongleong3808]

And theirs information, even in those property guru , etc many is fishing content. Same unit can be 200K different and when u ask is totally different project.

[@durian5233]

He is not asking a question. He is giving advice through your channel.

[@farikfazlul214]

I would say it’s a good deal.. Singapore rental were pushed up because Malaysian started to rent here due to MCO.. now these Malaysias are staring to move back to JB.. R&F rentals have gone up significantly and with the RTS coming in will be a game changer.. JB apartments in good locations will see an increase in value.. Landed very difficult to maintain and give on rent for yield.

[@Eric414]

Hi iherng, Like your advice on property review. What do you think of Horizon Hills in Iskandar Puteri ? will you be doing any review regarding the projects over there ?

[@iherng]

The landed homes in Horizon Hill has always been popular, and the mixed arrangement of gated and guarded but the houses are still in individual title is great. That allows customization still, that's why lots of local like them.

[@Eric414]

@@iherng Thank you for the opinion :)

[@cashmerehazel21]

Hi Sean, would you consider putting up the question(s) on screen instead of reading out loud only? It's sometimes hard to decipher the ratio/ square feet/ dollar/ yield etc through your speed reading 😅

[@krisztinafoo27]

Omg so long the question...

[@leeaaron7856]

One disadvantage of landed property is the cost of repairs when switching between tenants and cost of renovations when buying them old. Cost is much lower for condos. Plus, condos has facilities which landed doesn't have. When buying landed, you have to budget in a hefty pool of money for repairs.

[@williamlau7179]

Condo has high maintenance fees. It is a preferential choices. Water rationing, power black outs, lifts not working, could be undesirable.

[@rosalynnchow5057]

@@williamlau7179 They will keep increasing maintenance over the years. It's like a death sentence, forever you have to pay even if you don't use any of their facilities except perhaps the lifts.

[@williamlau7179]

👍@@rosalynnchow5057 🍻 The reason I always go for landed properties. Buying a good house is to live in, but not re-sale for profit or for rental.

[@leeaaron7856]

Landed property for own stay is ok as owners will usually take good care of the property. For rentals, it is a nightmare. Plus, landed properties does have maintenance fee if it has a shared security 24 by 7. One point to highlight is the rental yield. If the rent Vs the cost of the property is too low, it's not going to cover cost. For landed, the yields are usually very low because landed cost is higher than condos. The returns on the rentals must make sense and it needs to cover the cost of upkeeping the landed property as well.

[@williamlau7179]

@@leeaaron7856 agreed. Had seen bad incidents of rental cases. Many thinking for paying no rental living in rented houses for whole life, n believed can get away. Life is like nomads. Good life?

[@ryanyoutube7315]

what do you think of purchasing at 300+k, then let the original 1mil one default and get repossesed.

[@geewhizz3948]

You said the younger generation now are awesome. You're awesome too!!

[@iherng]

Wah. Appreciate it!! Thanks for watching Gee;)

[@cherrywang1618]

Thank you sean

[@iherng]

Thanks for watching Cherry;)

[@tafwos]

What about further down CGDB the condo name’s Tropez by local developer Tropicana?

[@iherng]

It was hot selling when it was launch but I'm not too sure about the current condition. But you can always look at the current selling price versus rental rates to make your calculations!!

[@patricklim3338]

A bit problem is their water pipe output narrow for that project.

[@jylaw9495]

so got water leaking issues?

[@blueberrybaby1105]

What do u think about Princess Cove?

[@chalisblur]

Wow 7kSgd a month at 24, what job and career path might I ask?

[@akhterjakhro8552]

Let me know is thr any good apartment or land property near the utm jb campus. Thnx hope u reply soon

[@Tramuntanamaki]

Thanks!

[@iherng]

Thank you!! Appreciate the gesture.

[@frankauerbach]

I am not sure if you are aware that full seaview 2 bedroom units can be rented for rm300+ a night on airbnb for danga bay.

[@kwekkelvin]

What’s the rental for a 1 bedder in JB? As a long term stay ; weekend or retirement home….

[@iherng]

Well it differs from one project to another. But for a direct answer, you can always log into property portals such as Propertyguru;)

[@HWCgroupco]

wah hen luoso and long but good question and insights.

[@propertyguru22]

What does *iherng* stand for? Is this an acronym?

[@iamjonz8049]

@iherng would it be wise to buy The Astaka or Southern Marina Resi ( consider trophy Apartment? )and hold for 10yrs, use it for vacation stay. Both development selling at fire sale, RM 1.5mil, 2549sqft/2013sqft...

[@iherng]

I have friends working in both projects. You want more insider benefits?? hahaha;)

[@iamjonz8049]

@@iherng yes. Wanna know more beside Agent sales talk...

[@candicelee7308]

​@@iherngI would like to know the insiders benefits too! As I am also looking into one as vacation home or retirement home in JB

[@loke3075]

Demand, demand and demand

[@weeeweee8940]

Why invest property in Malaysia? Just buy sg property man. Corrupted country with track record of many property developers leaving half developed properties are good enough reason to skip Malaysia.

[@iherng]

So how many do you have?

[@vincentyeoh3023]

6:49 you meant yourself Sean😂

[@EminemReaperz]

What’s the bgm song at the last?

[@nigelchung86]

It’s been a year. Now how have things change?

[@perfectstring]

Hello, iherng, i plan to get 1 near RTS, for own stay and work in sg

[@akukuattakterkata8356]

Hi..any opinion here: What investment should I do? I'm 44 y/o,staying at JB. Hv a cash flow around 400k

[@PiscesSK]

just don invest in JB, lol.

[@KPPO200]

Buy landed

[@scalarvector9678]

Similar thread in one of the Lowyat forum. Same person asking maybe? Haha

[@Jaymore639]

How about condo near the future rts like tri tower or twin tower

[@iherng]

Well almost all apartments in JB were affected, its only a matter of how much they loss.

[@Jaymore639]

@@iherng thank you for the reply

[@haoziran8179]

For self staying, yes you can buy property in JB...for investment? sorry...

[@christianchuaedutainment]

if he bought at $380k, he made quite a bit now.

[@SkyVergil83]

feel ur "AHHHhh......" hahahaha....

[@rnegoro1]

I think if you buy JB definitely landed.

[@iamjonz8049]

Hi iherng, what do you think of buying Southern Marina Residence. I saw you did a video on that. Do you have any review n comment on that property for investment?

[@iherng]

Its a fabulous architecture in my opinion. The entire built environment along with setting would be an ideal space to call home. But if you're thinking of getting cashflow from the rental or you're expecting high capital appreciation, it's gonna take a long time though.

[@iamjonz8049]

@iherng thanks for your feedback. I love the architecture design and the environment. Plan for long term hold,10-15yrs..use for staycation. I m only particular going for this development only. The rest of Iskandar project nearby Puteri Harbour doesn't have any similar project like Southern Marina Resi, right?

[@iamjonz8049]

JB 1M Landed House Or 1M S.Marina.Resi ?

[@pickmeup2323]

jb property market is really bad. i lost money even in prime developments like horizon hills and eco botanic

[@iherng]

That's too bad man. I just sold my landed semi D within Taman Molek too, at a lost;(

[@Notsosmartyetnotsostupid]

Reading notes 😂

[@LianJim]

I just bought a condo few months back in kl. it has 6% yield, rental it out on second day I got the key. The condo was owned by a Singaporean, personally I think it’s not worth it for him, since myr depreciated so much lol.

[@jylaw9495]

mind to share which condo?

[@EvilBaggOBolts]

@@jylaw9495 heritage

[@NurismanTube]

The cost ownership is low compared to buying a flat in Singapore. So home ownership in Johor for a Malaysian working in Singapore is a no brainer. Also for same 1 Sing Dollar he is now able to buy more of the property in JB. since RM keeps sliding relative to Sing $. A clear win there. Issue is if that purchase is for an Investment he needs to consider future depreciation in currency. Further devalue in RM will erode his investment both in capital and rental value. Furthermore, rental market in that area may not be vibrant and landed property is more popular hence demand and value appreciation in landed property is a better bet. For a Singaporean earning a living in Singapore, Renting a property is JB is a better option than buying one.

[@bensontan685]

One can't have this mindset, invest in RM than expect return in SGD. What you get is what you sow...

[@cac1504]

Any new update as at April 2024?

[@elimi8z]

GXFC

[@ongernie7216]

Over supply apartment in JB.

[@xcre8ionx]

Not so clever Edwin.. you can make more money investing other than property.. property there will be a lot of miscellaneous payments other than installment of the house..

[@csiajoo]

meaning the house price that was 500k and now only cost 150k?PM me. I need 10 unit pls

[@Captain-wi7pq]

Lol can rent out that unit already laughing to the bank still thinking of wanting to increase rent. You think SG property ah?

[@denyin4549]

Negative equity at its best

[@nfstudio7405]

like forest city

[@kelvynchin1968]

Save all your hard earned money then buy singapore property, don't buy JB property, especially condo... Just because it's cheap, doesn't mean it's a good investment. Even Malaysians tumpang on their siblings' PR status to buy property in Singapore, make like mad (I'm not making this up - the project is High Park Residences in Jalan kayu). If she had gone to put her money in JB condo, at best price is just flat and collect poor rental, not to mention not always you will have tenants there. Also don't forget, MYR has been steadily depreciating vs the SGD for the past 50 years. In the 70s, it was parity. In the 90s it was 1.5-1.8rm to the dollar. Then it became 2.3 in the 2010s , then now it's 3.2. Hence, it is not wise to use your SGD to buy a Malaysian asset class with iffy investment potential.

[@genshinlayla]

class 4 driving license - garbage truck driver earn about $8 k to $10 k sgd per month. maybe he is one of them

[@bossjack6251]

Going to #200 soon!!!!😍😍😍

[@iherng]

Yea!! Hahaha. Been answering a lot of questions. Anyway, thanks for watching!

[@Tampin111]

True or not In all my LFE never experienced 70% discount even though I am a property man

[@iherng]

The unit were sold around RM 1mil. Now it's only around RM 300k.

[@wjj7488]

A roti prata leadership with invariably falling currency . Even KLSE is dead with local play only .

[@whkee]

Prata is great that both side are well cooked☝️🤣

[@jylaw9495]

earning so much at such a young age, amazing!

[@iherng]

Yupe!!

[@alberthuat5748]

halal atau haram? 😈😈😈

[@wongjinglee]

@@iherng i can feel ur envy from the sigh you make at the end of the video...lol... envy of time....

[@sek898]

fake one. see his youtube account (just created few days ago)

[@Edwin69King]

@@alberthuat5748 Its actually halal 1 with proper bankslip and everything, its MNC and most likely most malaysian will be very familar with their product.

[@contrarian2496]

The biggest difference between Malaysia and Singapore property is that Malaysia property can depreciate 70% in value something which will never happen in SG. Another major difference is that Malaysia properties are reliant on foreigners for any chance of profit but foreigners usually go for new launches rather than resale because Malaysia's properties tend to have poor maintenance especially for condo, unlike condo in Singapore. That's why no matter how cheap are Malaysia's properties, majority of foreigners will lose their property investments in Malaysia. Capital appreciation is not an expectation in Malaysia unlike in Singapore. All these factors combined you can understand why the prices between the 2 countries are vastly different. Even a tiny 3room public housing flat in Singapore easily costs RM 1 million equivalent. That's why majority of foreigners in Singapore cannot afford any better and usually are just living in ordinary 4room HDB flats, because when they think about paying over SGD 1 million for a small private property in Singapore they will always think that price can buy bungalow in Malaysia.

[@j38233]

Why are we deviating from the topic?

[@alberthuat5748]

@@j38233 nahhh just a biased outlook nothing new...I rather have my properties touching the ground than hanging up in the air...some more SG economy is very dependent on foreigners parking their financial wealth in their banks...once any political socioeconomic change happen then all hell will break loose

[@caine23]

No Sir, the Biggest difference is Singapore's property mostly LEASEHOLD, own by Government, poor Singaporean Rent it with Government . Malaysia property mostly Freehold.

[@Kujam88]

Proper investors in JB still are very wary of purchasing properties from China developers as a result of this failed project.

[@iherng]

Yupe. I think we should always be wary anyway.

[@drsoonsharing4032]

Johor will become potential only when there are more "LINK to Singapore" is build. If there is 3rd link and 4th link, then more people will rent in Johor. Or else, erm.........

[@KPPO200]

3rd link also no use, we need more organic population in the area. Most of the population was centralize in the Iskandar region. Government should push for more 200k-300k apartment like those in selangorku. 40k pricing for rumah mampu milik is affordable but it only able to supply very limited number.

[@ahmengng4396]

So much concerned..DUN BUY LA.

[@checknamtan4125]

❤

[@iherng]

:)

[@shazamman8153]

Never buy Malaysian properties only rent. Land is abundant.

[@alberthuat5748]

wrong conclusion...buying strategically positioned properties for rent is a win all the time

[@iherng]

Well said @albert ;)

[@nickyyap1663]

My dog house is bigger than some condo unit.😂

[@iherng]

Well good for you.

[@DaysChallenge-dk8jn]

24 earning 7k in Singapore? Impressive

[@iherng]

We have a lot of great young talents;)

[@DaysChallenge-dk8jn]

@@iherng just not working in Malaysia, if they are, they will never reach the pay 😅

[@LLeigh-kz7le]

Typical Singaporean/pr buyers….so beh Kiasu…. Squeeze sellers to the extent it’s only these type of buyers win only. That’s one of a reason prices of jb properties depreciating. Literally counting grasses….

[@DaysChallenge-dk8jn]

That's literally a Malaysian squeezing another Malaysian😅 team kill

[@fongtiankoh9964]

Bubble economic coming soon

[@iherng]

Not really. Technically it already happened.

[@fongtiankoh9964]

Wait n see, just my 2 cents

[@alberthuat5748]

@@fongtiankoh9964 I have seen a few and those residential units are hit hardest whereas industrial or commercial units just thrives on

[@akoj3262]

Wa really 老bak塞。。。。。1mil to 300+ n hold so long

[@iherng]

Right?? So scary.

[@gts6536]

Evil of you if you own one more home than you already owned! Don't forget, we are all here on leasehold, and you can never take the property with you when the end came calling. Spare the thought for the less fortunate while you are having a good time at others' expense, that your well being came from other less fortunate.

[@stevenlee4099]

Hello Iherng 🐻🐨🐻🐨🐻🐨 Nice meaty arms......

[@yaoguang5901]

@Edwin, you must be a genius. At 24 yrs old, probably just came out from school or uni if you even went to uni. And there is a "smart Alex" willing to pay you SGD7k per month. Do you even know what is SG median salary for this age group? It's about SGD2-3k. What a joke.

[@stuffnextdoor8166]

lol what a joke. 7k ringgit

[@ifuknjk]

I feel sorry 32u... u mirco the rental investment 2 much 2 make sense...not taking into consideration of mkt forces...malaysia properties r a buyers' mkt.. when buy to rent u triple the proble...foreigners r at a disadvantage.. rental can fall by 50% n renters hv. much choices.. so reduce rent still no takers...then u need an agent to rent n look after the flat/hse...MY ADVICE.. don't buy now till blood on the streets....did not factor in the unexpected

[@ahbenglovefashion5812]

R & F princess cove still the best condo in JB as is the nearest to CIQ 😉

[@tanyijing8488]

Best in terms of renting, not for buying if buying u will need at least 800k which is also 20 to 30 percent loss if you buy during launch price. But nice thing about this is that the rental demand and the rental there is fairly healthy

[@ahbenglovefashion5812]

@@tanyijing8488 Yes, I think now is you buy these leftover unit in phase 1 , the price is around $900 plus psf vs the launch price of $1200 plus psf. I think the price will move up up once the RTS station up in 2026.

[@KPPO200]

@@ahbenglovefashion5812 but can it walk to the rts? Should be 2.5 to 3km from r&f

[@ahbenglovefashion5812]

@@KPPO200 There will be a link from CIQ to RTS

[@gl1363]

Have you seen the poor finishing and the lack of maintenance of the buildings? Best to rent maybe but in a few years you going to get plenty of complains of things falling apart

[@kengleetan63]

Bumiputra cannot run the country so the Tungku was told by LKY in the 1960s before Singapore splits. Holds true nearly 60 yrs later.😆😆😆😆😆😆😆

[@marquis9074]

racist pos

[@kengleetan63]

@@marquis9074 ..if you cannot even know the difference between the words...racist and facts...especially facts in regard to history between Singapore and West Malaysia, kindly re-visit your old school history text books, which might or might not tell you the whole truth. In any case, the bare truth is clear, currency exchange rate RM$3.3 to S$1and getting worse and property values in West Malaysia irregardless of states in both in sale and rents rock bottom and even below what was transacted before Covid. It would be wise if you wake up and maybe,just maybe if you follow your fellowmen and women over at your side , to flood over to make some fortune working here, just base on the fact of the exchange rate....ALONE!

[@zhuangxixing6755]

Liarrr

[@wiseinfiniti4908]

Property developers are mega scammers these days

[@iherng]

Well there's also a factor of people willingly pay for the products. So the only way forward is to make informed decision. Buyers must have accountability for their choices too.

[@wiseinfiniti4908]

@@iherng most definitely I agree with you . However developers create an atmosphere of FOMO amongst purchasers with enticing show units and that they are missing out on one of the biggest opposite of a lifetime. The government should step in and put a ceiling cap on the profitability of developers

[@josephynh5921]

It’s not developer doing that, mostly it’s the marketing agent that is responsible for all this scam set up with developers giving them products to scam

[@wiseinfiniti4908]

@@josephynh5921 it's both ways. A also want to make maximum amount of money by squeezing innocent people with not much options