ML Reacts to Singaporeans Scammed in JB Property Deal!!! Oh Noooo

[@MasterLeong888]

many are asking what is the name of the developer? cna and me do not dare name the developer but I would provide the further reading material below which should answer all your questions www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute in singapore context there are developers that hold the land as freehold but sells them out at 99 years so do beware stackedhomes.com/editorial/11-leasehold-condos-with-a-secret-theyre-actually-on-freehold-land-heres-where-to-find-them/#gs.jd3012 all content are 100% for education and entertainment only I am not a property expert, i usually talk about stock market one please do your own due diligence Good Luck and Take Care ML

[@sweehuatho261]

Today I learnt a new Chinese idiom: 祥龙敌不过地头蛇 - Majestic Dragon can’t fight the snakes on the ground. Thank you ML.

[@purpletulip1688]

Interesting video. Properties in Malaysia very hard to make money. Even if the property goes up by 30%, the exchange rate drops by 35%, deleting all the profits plus these properties have property taxes...

[@Ymusputhandle]

@@purpletulip1688 this is typical Singaporean peasants mindset, buy property to make money, no wonder our property prices keep hiking When sell want sell high2, but forget about buying Typical Singaporean mindset Singapore peasants pay the same price for everything, be it property, petrol ⛽, cars etc as our foreigners 🤑 Singapore peasants compete with our foreigners for prices, cost & living Malaysia bumi has bumi putra, RON95 and Proton, Perodua etc Wat singapore peasants hv?

[@peterng6795]

Fully agreed with you. Herd mentality and greed was the outcome of this case.

[@lleong666]

Good content to remind our fellow Singaporeans. I recall the CLOB saga.

[@ongtayjoojames-ow1bs]

Yuppp...!!!😮🙄😬

[@miketan2814]

Many JB land are not private owned, some are belongs to e Sultan, developer may lease and built,but they don’t have e right to determine what to do with the land other than what was agreed during e lease. Under such circumstances,how can these developers SELL the condo ? Esp to Foreigners like Singaporean?

[@demo1234-w6l]

yes they like to flip prata. those play stock back then in the 80s,90s will remember how malaysia lock many ppl money in the stock market due to change of policy

[@seninamak289]

A good reminder that purchase of property overseas is not the same as in Singapore.

[@LonganLee]

Many renting from a leasehold in SG are also illegally renting out what.

[@ray0106]

Many got suck in without thinking through carefully. I was once thought buying a JB condo with all the media and agents advise. After doing some calculation, I would rather rent than to own a JB property. As you may stuck with something which you cant dispose easily and suffer greater loss. If rent, you are free to move and more choices.

[@naga2015kk]

YES, there are many apartment begging for tenants. Prime locations.

[@Drakeo-l8s]

SUE those agents registered under CEA for false representations. SUE until they go bankrupt.

[@HBs0305]

I am so happy I bought a 2nd Condo (FH) in Singapore instead JB.I had nightmares when I bought a Condo in JB years ago.I finally got rid of it at a lost.Out of sight out of mind.

[@MasterLeong888]

nice! yes sg safer la

[@LonganLee]

Can we also say these victims are victims of the cost of living crisis in singapore where many do not like to retire in sg , desperately?

[@WilliamTan-wz9zu]

Nah! Can't always put the blame on something else.

[@AZ108AZ10]

NO GST NO VAT, foreigners owned substantial quantity of properties, still 0il @ 160°C, HK Oven, ED stressful, tiny homes

[@Jeff-n2n]

Singaporean better don't buy JB property, just rent will do as its cheaper than purchase and less headache. Avoid Forest City or reclaim land type.

[@liudaniel6656]

Reclaim land type ground will " sink" lower after 30 -40 years

[@AZ108AZ10]

@@liudaniel6656 Yes, you're correct, soil movement unpredictable due to underground water conditions, 0thers.

[@liudaniel6656]

@@Jeff-n2n danga bay also reclaim land right ?

[@CaRRW]

Thanx for explaining... I now understand the situation better😊

[@JacksonWong-pw4zq]

WTFish pap says hdb are cheap and "" affordable ""

[@hipposamadesu]

Already signed the contract in black and white. What is there to fight? 🤣

[@aldoporche76]

There’s a different a word for sale and for rent unit so if in the agreement stated sale but turn out is for lease and who ever lead those buyer to purchase the unit pretending not knowing the law and dishonest which they know that is legal for such confusion and shady project then it is a trap in purpose . they should sue whoever are the marketing property agents .

[@spyderativ2438]

Learned the lesson. Also timeshare properties in Thailand be careful. I lost everything.

[@ongtayjoojames-ow1bs]

Oh really...???!!!😮🙄😬🤔

[@MasterLeong888]

ohh noooo but yeah thailand also much traps, i saw on you tube many Chinese investors got scammed gg

[@ongtayjoojames-ow1bs]

@MasterLeong888 The whole world, is lawless already...!!!🙄😬

[@AZ108AZ10]

Scams are everywhere in every city around the world, no greed, no gain and no loss, status quo is the best safety.

[@AW-tc4hy]

Many China people who invested in malaysia are still in the dark. This incident will wake up the hornet nests😄😄😄

[@gasoh55555]

Chinese r might not as SB as sg 🤭

[@beehives4343]

Ai wan, buying another "HDB lease" property...no meaning.

[@AZ108AZ10]

SG lingo camaraderie 1.2 m served ns still alive and formidable today in 2024.

[@ongtayjoojames-ow1bs]

Dear ML..., I've seen through yr video and found all yr comments very down to earth indeed.! Every comments u made, was very wise and most importantly, easy to understand.! U shd do more of such videos in future, for others to understand important issues...!!!☝️✌️💪👍✊🤜🤛👊👏🙂😊😉

[@AZ108AZ10]

Some Khmer owners of residential and commercial properties, including shophouse in Kampuchea are doing the same

[@AZ108AZ10]

Water level rising, boat cruise tanker, also rising in cost of living and inflations ahead of incomes, govt to react to protect voters.

[@stanleyfong5296]

Another bubble is forming... 😢

[@MasterLeong888]

ya lor up 30% in prices already i believe it will go up even more in 2025 before the bubble pops

[@stanleyfong5296]

@MasterLeong888 with a few bubbles 🫧 here and there plus some uncertainties, we all should be more careful with our money and investments in 2025 and 2026

[@EurobeatExpress]

Great content ! i like ! 👍

[@shaunsttey]

Property Contracts like SPA or tenancy agreement and bank loan agreements in Malaysia is in English. In general its not as bad as you might think, maybe just one condo project, or my guess it's the Medini special zone where there is no foreigner or bumiputra quota which is affected by this PLS scheme. All the others are fine.

[@MasterLeong888]

I thinking if the contracts in english how come they dunno its a trap, so scary 😢😢😢

[@shaunsttey]

@@MasterLeong888 can't comment much also, need more info as not sure which project this is. JB is different from Sg, not so systematic but also a lot to like and enjoy, in some ways also quite similar to Sg. You should come in some time, economy here booming since borders reopened.

[@Jeff-n2n]

@@MasterLeong888 Forest City better don't buy

[@liudaniel6656]

​@@MasterLeong888 private lease scheme, generally , is cheaper in price/ psf...

[@purpletulip1688]

​@@Jeff-n2n I went there to see . Wanted to buy but I felt the price was too high.. thus abandon the idea. Lucky me

[@athulican]

The cheapest MM2H scheme is SEZ (Special Economic Zone), but that also requires you to pay RM10k to the gov. That is about SGD$3k, crazy!

[@AW-tc4hy]

Wow, screwed badly. Pay rent for 99yrs

[@LonganLee]

Many renting the whole flat in sg are also renting out to foreigners. Renting also rent out. Illegally?

[@petechua966]

I agrees with you to stay in a smaller home in Singapore than a big home in Malaysia. I sold my Semi D in Austin Heights in the past just to get out the headache of insecurity and safety there.

[@MasterLeong888]

austin heights, isnt that the area that mr loo 1m65 bought! gg but ya singapore at least here is safe, small house but safe and healthy can riao no need worry so much

[@purpletulip1688]

The maintenance is also an issue in the long term. The mcst or whoever can't keep up with the maintenance standard.. Also it is hard to rent out. Rent to who? Malaysia does not have high paying foreigners like those in Singapore who can afford.

[@ongtayjoojames-ow1bs]

"'Hmmm...!!!"'🙄🤔 U got a strong point, indeed...!!!🙄😬☝️👍🫵

[@rtim9929]

Just make sure u can get title deed in your name

[@MasterLeong888]

they were promised title deeds but never get gg

[@rtim9929]

@@MasterLeong888 so that's misrepresentation. Need prove before signing

[@rtim9929]

@@MasterLeong888 in foreign country better get lawyer to get this done

[@Ymusputhandle]

Sound familiar? Lessee for 99 yrs Property of hdb Mus seek hdb permission before rent out, airbnb etc otherwise they will repossess ur flat Hdb is the developer, buyer only tenant & lessee

[@ChinBaySoong]

But HDB flat you also allowed to sell

[@PR-pp4le]

If you are not a local, don't buy local property. You will get fckd. Court cases can take years. I blame people like yoyolu for this

[@MasterLeong888]

ya seems like on going court case gg www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute

[@AZ108AZ10]

Few Singaporean developers bought freehold land, built condos on the freehold and sold condos on 103 or 99-year lease ⛔

[@MasterLeong888]

yes very cunning sia slicing it out

[@chandirap]

Now cannot trust anyone ! 😢

[@clementihammock7572]

已故老共蛤蟆江説過 “Too simple, sometimes naive". Please leh, read up the 90s what was CLOB International Fiasco all about. In real life hor, our HDB 99 years leased-hold still valuable and profitable. 🤣😂 SSDD, Same Stupidity Different Decades.

[@MasterLeong888]

seems that folks forgot about CLOB already scary

[@ongtayjoojames-ow1bs]

Very well commented, indeed ML...!!!☝️✌️💪👍👏✊🤜🤛👊👏😉

[@eiooops]

Good video❤ don't buy, rent. Property gain tax.

[@Ymusputhandle]

Ppl sign Sales & Purchase Agreement SPA He signed tenancy agreement, so whose fault?

[@LonganLee]

ML, do sg flat leaseholders have voting rights on the flats? Same as this malaysia case?No voting right? Is a hdb leasehold not also leasing? English is ambiguous. There is Ownership for hdb flat leaseholders. Yes, they own a lease agreement. They are leasing too. Ambiguity is ownership. Owning what? The flat or the lease agreement? Owning is ambiguous without further clarifications. Own for a period is also owning. Its leasing during this period. Its not owning the flat. If you really own a flat, you dont sign a lease agreement. If a lessee is a owner, then who the hdb who owns the flat? The Malaysia case is also leasing. Gullibility leads to scams. Greed, Opportunistic mindset, fomo, kiasu are all common traits of many singaporeans. Over Trusting and assuming too

[@MasterLeong888]

I also dunno wor to be honest i am not a property expert, i focus on stock market one just that i want to warn my followers not to fomo not to follow the herd to whack jb properties 😂😂😂

[@Jackson0000]

I assume malaysia gov still courrpt again 😂😂😂😂😂😂😂

[@hsumabel7635]

Since when they stop? It's their expertise. 🤣🤣🤣

[@ktchia4740]

What’s the fuss? Is it not the same as HDB lease scheme?,

[@tanpengjoo7205]

Don't buy , bo tai chi. why keep being a slave for greedy developers. Any houses big or small just to sleep for a night after days of hard work, even the biggest palace one will never able to bring along when ones day expire.

[@MasterLeong888]

a lot is herd mentality all now rush to go buy jb properties cause they think its cheap gg

[@keithf3730]

Malaysia, esp JB is unfortunately a honey trap for many gullible Singaporeans. This inflated property prices in Malaysia has been on-going for decades, each decade a generation of gullible Singaporeans are trapped with over-priced condo that cannot be sold and are sitting on a depreciating asset which has a lease (and not freehold) title. This decade, another generation of Singaporeans are again biting the bate and trapped. I speak from knowledge of Singaporeans i know who are trapped.

[@tanpengjoo7205]

Go back kampong are the best .

[@fynnneo4536]

If lease hold affected will not be only this developer but all economy zones are lease hold affected right

[@KevinShenton]

Have Singaporeans never heard of “caveat emptor”. Buyer beware. Looks like the main problem is many people too cheap to pay $5k for specialist lawyer to check out contract. Singaporeans tend to know the price of everything but the value of nothing.

[@davidtan9101]

Eg: R&F condos are freehold and Phase 1 owners already got their strata title. Phase 2 just TOP. People always like to use one stick to knock down the whole ship of people and spread fear :) The project mentioned should be the Medini Special Zone condos completed in 2018, the developer is counter arguing that the time line has passed for the owners to sue. People are using this rare PLS scheme in Medini condos to instill fear that all JB condos are PLS...typical sour grape or some manipulator fear mongering trying to knock down JB properties prices so that they can load cheap and earn when RTS is completed. And I think manipulators very happy that more of this fear instilling videos are helping them to instill fear :)

[@liudaniel6656]

Buy freehold...yes I agreed with David tan manipulator involved ...SPA is in english

[@victorhow9613]

@@liudaniel6656 yes irresponsible to say SPA in Malay.

[@babyhoney9]

SG also same ma ,if SG condominium u don't own the land ? right??

[@MasterLeong888]

i also dunno leh to be honest i not a property expert i mostly focus on stocks one haha but i think SG laws more transparent for condo do note i have seen cases which the developer hold the land as freehold however they slice out 99 years leasehold to sell so always do our due diligence

[@Tky_83]

If u buy any property in foreign land, pls buy freehold la...buy leasehold in a country with plenty of space doesn't make sense

[@lamcso]

How can the foreign Buyers be "cheated" when buying S$280k (RM840k) properties in Johor when Laws CLEARLY that Foreign Buyers can only buy highrise properties Value above RM1 Mil. Now who cheated the Malaysian government ? Developer, foreign busters or Agent?

[@laijoehan2268]

Precisely. The key word is "buy". Anything less than 1M should set the alarm. The owners are only leasing the property. This supports the developer's argument that the owners knew what they were getting into

[@daigamessg6725]

because you are living in a frog Island,you do not know the law outside the Island,foreigner can buy property below 1m even below 0.50m depend on the project.

[@lamcso]

Extract : Foreigners can buy property in Johor, Malaysia, but there are restrictions and requirements to meet: Minimum purchase price The minimum price to buy property in Johor depends on the type and location of the property. For example, the minimum price for a landed property in an international zone is at least RM2 million, while the minimum price for a high-rise or strata title property outside of the international zones is at least RM1 million.

[@naga2015kk]

dont forget there is ZERO transaction for apartments in the secondary market. THATS the real value for your investment.

[@AZ108AZ10]

High net worth China Chinese feel more comfortable and prefers to invest in a Chinese majority cities in Malaysia and SG ❣

[@shinovasion6826]

Technically shod not call ‘buy’ from developer. Rent fr dev

[@kohtc9939]

22:50 contributing to their decision to "buy" are these analysts and profesionals.22:50. Those who bought whole life policies.... Those who bought accumulators..... Those who are convince to buy clob..... The list is long. 社会的本质就是人吃人。。。----- 刘震云

[@MasterLeong888]

property agents, insurance agents, stock brokers their incentive is to earn commissions, years later clients horland is not thei biz riao lol gg

[@Beeven79]

How much did the buyer paid upon signing the spa..? Normally is 10% upon property prices. If is less, maybe is lease to own. Just a thought.

[@MasterLeong888]

no idea leh they never give the details

[@babyhoney9]

but the SG we sell lol,our government are their protecting your land ??

[@dennisyin2844]

Also stay away from Princess Cove.

[@MasterLeong888]

too late i think many sg folks hoot riao

[@ongtayjoojames-ow1bs]

"'Teoh hoot liao...!!!"'😮🙄😬

[@tankk8185]

Let the CNA news talk.

[@MasterLeong888]

so sorry as this is a reaction video so i try to input my views and analysis

[@queenlip6152]

'don't dare to name' 🤣

[@MasterLeong888]

i also do not dare to name but the details can be found in my pinned comment post thanks

[@edwinwee267]

I thought buying property in Johor must adhere to a minimum purchase price of RM1 million.? So it would have raised a flag that this PLS scheme is not one of ownership and / neither is it a trap? Not sure if the full details of the story was revealed?

[@MasterLeong888]

found from forums www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute

[@edwinwee267]

@MasterLeong888 Looks like the contested case relies entirely on misrepresentation. The repercussion also on other properties sold within the SEZ may impact the reputation of the Johore state government how it will turn out. Sad😮‍💨

[@AZ108AZ10]

@@edwinwee267 ignorantia juris non excusat

[@AZ108AZ10]

caveat emptor

[@Aphrodisiac80]

Good thing no cheap,cheap thing no gd,cheap n gd no such thing..no need pity those tat got scam cos they r greedy ppl..serve them right..Wahahahhahaaaa

[@commando4935]

so value investor is stupid? because we want good company for cheap price

[@zhangwuji2139]

Yes. You think that you are smart ass .

[@fooiyoh]

Lesson here is don't be a cheapo.

[@Korlord547]

What about new zealand properties, ML, can buy?

[@MasterLeong888]

no idea leh NZ and Australia i never see, I feel very expensive now already due to the hot chinese money

[@AZ108AZ10]

Foreigners' owned property must be sold to Australians and Australia isn't in good health today in 2024.

[@AZ108AZ10]

New Zealand is earthquake prone, and I won't want to roll the dice or playing the Russian roulette, whatever for?

[@anghockseng5686]

Learn lesson

[@ongtayjoojames-ow1bs]

Very expensive lesson...!!!😮🙄😬

[@marvinfoo4838]

ML but if your wife is the local in the country the risk is if the marriage turn sour your wife may scam u instead 😅

[@MasterLeong888]

yes, so even if wife is local also got risk when buy msia thai viet myanmar assets

[@AZ108AZ10]

women are temperamental and unpredictable hold ming vase don't drop fractured or cracked unrepairable, game over

[@daigamessg6725]

Malaysia SP ageement/contract never sign in Malay Language,it is 100% in English.

[@MasterLeong888]

yes sorry now then i know cause i noob in msia property market thanks for pointing out

[@MasterLeong888]

but what got me curious if all contract in english dunno why they kanna scam gg

[@philiptan8739]

Singaporeans apply for Malaysia PR if they want

[@ongernie7216]

These are bullying.

[@uncleyongdimension2024]

may i know the name of the developer?

[@MasterLeong888]

from forums it seems like this www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute

[@tankk8185]

You are so noisy. Do not interrupt when the video is playing.

[@MasterLeong888]

so sorry this format is called reaction video, in which the youtuber comments on the video lol

[@is200gt]

name the singapore property agency name

[@MasterLeong888]

please check my latest pinned comments all details there cheers

[@MasterLeong888]

so sorry, their contract is all in english not malay there is an error in my understanding but also weird leh, if all contract is in english how come they will tio scam leh? gg

[@bernkoh343]

My friend got scam ten year ago.

[@MasterLeong888]

sad gg but i think more folks will be joining your friends lol

[@FongChowPeiChinatown]

HOW much do you know about JB ? How much do you know about the property market in JB? This particular unhappy episode only affects a very tiny percentage of house buyers in JB. It is confined to a special zone, earmarked by the Johor Government for a new project. You are trying to imply that the whole JB property market is similar. Thousands of Singaporeans have had bought properties and are now enjoying their new environment. And low cost of living. Most units are freehold. Cheap and good. Obviously you are being "sour grape" because you don't have a property in JB. Compare your tiny HDB unit with the BIG SPACIOUS unit in JB. HDB is also 99 years leasehold. You only live once. Can you live beyond 99 (plus your age now)? Enjoy your stay while you live. Don't think of selling or renting out your property to make more money. And don't discourage or dissuade others if are the kiasoo and kiasee type, who prefers to be confined to your small cage in SG forever.

[@findsing]

very disturbing. Always interjecting.

[@naga2015kk]

cool headed analysis without the usual hysteria. THIS IS WHAT investment is all about. Projects in Malaysia like cyberjaya was ALL SCREAMING but today its NOT even a shadow of the plan. The only people there are university students. Same with Galah Patah speculations, a lot of people caught in the net. Check how many people are crying over their Genting investment. 1 development with THOUSANDS unit, 12 storey of parkings. Guess the congestion on the weekend.

[@MasterLeong888]

thanks for support cause i see nowadays a lot of fomo and herd mentality all rush to buy JB properties so just wanna take this chance to warn my followers on the risk of buying overseas assets gg at least buy singapore reits (which I am advocating) there is proper rules and regulations and protection base on sg laws

[@ChinnayyaPillaiThanasekaran]

No matter how educated you're, still kena con.

[@MasterLeong888]

i think cause ppl fomo all rush to buy JB properties at same time, some is trust or follow their friends all board same boat together gg

[@dividendnomatt]

Must be freehold! 😮 aiyo… just invest in REITs lah… safer, it’s not even that cheap! 1Mil RM… Overseas property is okay, but really have to be familiar with the laws and regulations… don’t rush into it or be pressured by agents

[@MasterLeong888]

yes i see a lot of sg folks buy jb property for investment i scared i think buying reits is safer as the professional handle for u will not get scammed

[@chekeocha4923]

Any idea who is the developer and for which project?

[@MasterLeong888]

forums got discussion seems is this www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute

[@ssgoh4968]

Why are you giving the impression that you video is from CNA? Can't make it on your own is it?

[@MasterLeong888]

so sorry this is a new youtube format called Reaction Video in which a KZbinr "Reacts" to another video and give his thoughts i just trying out this new format

[@ssgoh4968]

@@MasterLeong888 sorry I am not aware of this feature. Thought we were doing click baiting. Apologies

[@MasterLeong888]

@@ssgoh4968 no worries ^^

[@findsing]

very disturbing. interjecting so many times.

[@MasterLeong888]

so sorry as this is a reaction video so i try to input my views and analysis

[@daigamessg6725]

HA..哈哈，only Singaporean was kena scammed.

[@KS-zd4ew]

Any Malaysian who buys a 3 bedroom flat in Johor never had this problem why educated Singapore end up say they get cheated ?? Fishy la

[@MasterLeong888]

no idea man but i got a feeling more of such cases will pop out in 2025 as all fomo to buy JB property due to hype of RTS

[@victorhow9613]

hello, SPA in English la. since when it is in Malay ? dun misled people.

[@MasterLeong888]

so sorry i also not sure but if the SPA is in english how come these singaporeans fall into this trap?

[@victorhow9613]

@@MasterLeong888 if not sure, dun anyhow talk la. People not lawyers so may not be able to understand everything they read.

[@music_adventures88]

No lah most SPA are in English not Malay.....

[@jeffreytan5826]

Very irritating video. Stopping too frequently. I have turned off and watch it over CNA portal without frequent interruptions. 😡

[@MasterLeong888]

so sorry as this is a reaction video so i try to input my views and analysis

[@steevetan3347]

I m happy that Malaysia system behave like these. Both Governments & developers take advantage of investors! How will this country ever growth? Not for another 100years! Congrats buyers! 😂😅

[@teecee3911]

So irritating when this ML kept interrupting.

[@MasterLeong888]

so sorry as this is a reaction video so i try to input my views and analysis the original video can be viewed on cna youtube cheers

[@ongtayjoojames-ow1bs]

Very well commented, indeed ML and with humour, I might add...!!!☝️✌️💪👍👏✊🤜🤛👊👏🫢🤭😉