38:39 UK tax is also very high, up to 45% on rental income for foreign landlords of UK properties. How can you make money when 45% of your rental income is gone?
Careful you don't fall for hindsight bias. Sure Sing property has done better than Msia because Sing economy has done better. It might not always be that way. Well we can hope!
The sad fact is that Sing economy and property will always do better than Malaysia..Malaysians can pray and hope that one day it might come down, if if sing economy slows down Malaysian economy crashes.Looking at the last 50 years Malaysia will never catch up with Singapore..let alone overtake.😢
@@MrLtoos yes that is true but it is backward looking. The two countries have very different economies now so could go in different directions in the future. Hopefully its a case of the Malaysian economy catching up rather than the Sing one slowing and both do well. Win-win.
The Malaysia properties thing is a no brainer from start. Investment in Malaysia properties is a no no for Singaporean as you need to keep making sure your house is in a good condition to be able to rent out, and if RM drop your house value will drop too. Even if it do not drop, the overhead cost is too much and rental yield is not alot.
Residential property? Yes. But why choose residential properties from the start when yall r rich enough to afford most things with sgd? Malaysia is a big land compared to Singapore, different state have much different characteristics of property market. Residential is probably ur worst choice to invest in JB
PR and PR can only buy resale flat (HDB). There are limitations to how a person can take a loan as well, depending on his/her income ceiling. I think Iherng’s English is far more clear and understandable in comparison, even google is not able to catch her words clearly. For someone selling UK properties, could be more convincing if at least the diction and pronunciation should be used clearly. No?
Technically they couldn’t buy anything less than RM1mil. But I would want to assist the Malaysians that work in SG in building their investment back home because my brother is one of them:)
Nutritious episode, first time I hear from a real life example of Singaporean domicile investing oversea's property. Very good knowledge shared. Always good content from Iherng.
qiuyu is an ex MOE teacher and now COO of iquadrant. i guess the presentation skills as a teacher has enabled her to simplify concepts and move into sales
Sean...apa kata buat episode dengan topik yang jarang dibincangkan dalam sektor hartanah... seperti pemilik Airbnb dan homestay yang mengalami kerugian akibat penyewa dari NERAKA dan apakah langkah-langkah pemilik hartanah boleh buat untuk mengatasi masalah ini...TQ 👍
S'pore properties for both public & private housing are realistically out of reach for income challenged, for retirees & aged property investors. They currently can't move between property classes & are literally trapped within their property which they bought years ago but can't cash in for their retirement. In a sense, asset rich but cash flow poor class of people who are trapped within their deteriorated home. Those income earners who in their late 20s to early 30s are in their sweet spot. They can borrow using their future income stream plus potentially long years working just to have a single property. But are they overreaching their debt limits & working all their lives to pay for their single property😢? Also, S'pore's high cost of living & relentless inflationary pressures - even the 5 C's are already out of reach in S'pore. Also the space offered (ie. new launch) to new property buyers are shrinking (shrinkflation). People need to cast aside their prejudices & think deeper.😂 Look beyond S'pore for opportunities to grow wealth in property.
@davidcks Why UK when Australia is so much closer to Asia & Sydney, Melbourne property asset growth have been phenomenal over the last decade. What drove global property prices upwards the last decade was China. UK is too far away from China & had brexited from the EU - their biggest trade partner. Who are they going to trade with to replace the EU? Whereas China is Australia's biggest customer & the target of many rich Chinese investing into Australian properties. Property investors should do their DYODD (Do Your Own Due Diligence) before jumping into a foreign market. Make sure that the property consultant are working for you & not for themselves.
Currency play a part too. Last 20 years, SG 1 = RM 1.2. Now about RM3.2. So, the house need to appreciate at least 3X to compensate the currency differences. Even house price up 5X from 20 years.....after interest and maintenance etc...then back to square...If house price don't up 3X then lose money....rent for foreign worker ma kar lai ...
35:41 Sean, are there stricter criteria for interest-only mortgage loans in Malaysia? Is it only for rich people / T20? Or average people earning RM3000-4000 per month also can get?
Sg need to provide for a small population with flats thats main chunk of population of sg. Malaysia will need to provide many times more heavily subsidised public housing if it were to attempt the same. So cannot compare one
So many freehold in malaysia. This is the real problem in singapore. In fact. I am buying a 2 storey terrace house, with 3 bedroom and 2 bathroom for 265k and this house is freehold to sleep. 😅
100% loan is a trap, 399k property with 4% interest RM 15960, monthly RM 1330. That only for the interest. Let’s say you paid 2k/month, 24000-15960=8040. 10 years later, you still owe the bank RM313913. What you paid off is only 85086, RM 154914 for bank interest.
You are considering in flat rate method. Whereby the 4% interest (currently is around there) and a repayment of 2k per month. The outstanding balancing will be actually RM 300,342. not much different with yours calculation but the concept is correct, you payment is majority interest in the first 15 years (let say 30 years loan). Modern slavery nowadays. Conclusion, either paid more in instalment, do refinancing when need money or paid by cash to buy property.
Malaysian property better not buy. The say foreigners have to buy RM1mil and above but in reality most developers just inflate the price for foreigners but the workmanship standard is similar to their low end properties which are meant for their local. You will end up spending more to upkeep the property due to the poor workmanship
Singaporean should get a Malaysia wife or husband, then invest housing in Malaysia with Malaysia price and loan scheme ! Then take the opportunity. In addition, Some more Malaysia wife is less demanding like SG girls and Malaysia husband is more hardworking and responsible.
Malaysia wife is less demanding? Malaysia husband is more hardworking? what a joke. Malaysia wife if in SG, you will need to keep an extra bed for her Family stay in Singapore. And yes the SG husband pays.
38:39 UK tax is also very high, up to 45% on rental income for foreign landlords of UK properties. How can you make money when 45% of your rental income is gone?
My Malaysians frens buying Spore properties and ,made money , so far none of my Spore frens made money in Msia properties .
Right?? hahahaha. Thanks for watching!!
Careful you don't fall for hindsight bias. Sure Sing property has done better than Msia because Sing economy has done better. It might not always be that way. Well we can hope!
I hear of earning on ringgit before! But after convert into SGD, very sad.
The sad fact is that Sing economy and property will always do better than Malaysia..Malaysians can pray and hope that one day it might come down, if if sing economy slows down Malaysian economy crashes.Looking at the last 50 years Malaysia will never catch up with Singapore..let alone overtake.😢
@@MrLtoos yes that is true but it is backward looking. The two countries have very different economies now so could go in different directions in the future. Hopefully its a case of the Malaysian economy catching up rather than the Sing one slowing and both do well. Win-win.
She is an excellent teacher, made them so simple and beneficial. Well done
The Malaysia properties thing is a no brainer from start. Investment in Malaysia properties is a no no for Singaporean as you need to keep making sure your house is in a good condition to be able to rent out, and if RM drop your house value will drop too. Even if it do not drop, the overhead cost is too much and rental yield is not alot.
Residential property? Yes.
But why choose residential properties from the start when yall r rich enough to afford most things with sgd?
Malaysia is a big land compared to Singapore, different state have much different characteristics of property market. Residential is probably ur worst choice to invest in JB
PR and PR can only buy resale flat (HDB). There are limitations to how a person can take a loan as well, depending on his/her income ceiling. I think Iherng’s English is far more clear and understandable in comparison, even google is not able to catch her words clearly. For someone selling UK properties, could be more convincing if at least the diction and pronunciation should be used clearly. No?
It’s Singlish and they take pride in it tremendously..please do not belittle Slingish!
One more thing , if your house has any home improvement , you need pay full.
Thanks Sean for scaring Singaporean away to compete in our current
Technically they couldn’t buy anything less than RM1mil. But I would want to assist the Malaysians that work in SG in building their investment back home because my brother is one of them:)
Nutritious episode, first time I hear from a real life example of Singaporean domicile investing oversea's property. Very good knowledge shared. Always good content from Iherng.
Glad you enjoyed it Kenny:)
qiuyu is an ex MOE teacher and now COO of iquadrant. i guess the presentation skills as a teacher has enabled her to simplify concepts and move into sales
lmao iquadrant is shit
super useful for malaysians working in SG deciding where to invest in, thanks iherng!
Sean...apa kata buat episode dengan topik yang jarang dibincangkan dalam sektor hartanah... seperti pemilik Airbnb dan homestay yang mengalami kerugian akibat penyewa dari NERAKA dan apakah langkah-langkah pemilik hartanah boleh buat untuk mengatasi masalah ini...TQ 👍
Really enjoy your coverage on SG properties! I like to listen to your Malaysian side but unfortunately cannot relate as much. Great guest too!
Thanks for watching Gomugomu!!
Very knowlegeable and smart street lady! Thank you both yours insights.😊
Isn't this.. the QUEEN OF Timing!?
S'pore properties for both public & private housing are realistically out of reach for income challenged, for retirees & aged property investors.
They currently can't move between property classes & are literally trapped within their property which they bought years ago but can't cash in for their retirement.
In a sense, asset rich but cash flow poor class of people who are trapped within their deteriorated home.
Those income earners who in their late 20s to early 30s are in their sweet spot. They can borrow using their future income stream plus potentially long years working just to have a single property.
But are they overreaching their debt limits & working all their lives to pay for their single property😢?
Also, S'pore's high cost of living & relentless inflationary pressures - even the 5 C's are already out of reach in S'pore. Also the space offered (ie. new launch) to new property buyers are shrinking (shrinkflation).
People need to cast aside their prejudices & think deeper.😂 Look beyond S'pore for opportunities to grow wealth in property.
Hong Kongers alone moving to UK will be approximately one million people within 4 to 5 years.
Oowh wow!! Thanks for sharing Gibson!!
PR not eligible for BTO...
You can op out the CPF, just be a business owner. Medisave is not able to op out.
Investing in uk has its risk as well…..cases where the tenant uses it for illegal activity etc…..
@davidcks
Why UK when Australia is so much closer to Asia & Sydney, Melbourne property asset growth have been phenomenal over the last decade.
What drove global property prices upwards the last decade was China. UK is too far away from China & had brexited from the EU - their biggest trade partner. Who are they going to trade with to replace the EU?
Whereas China is Australia's biggest customer & the target of many rich Chinese investing into Australian properties.
Property investors should do their DYODD (Do Your Own Due Diligence) before jumping into a foreign market.
Make sure that the property consultant are working for you & not for themselves.
OMG, this is so good and very informative!! LOVE IT SO MUCH!!!
Glad you liked it Jovin!!
When are you coming to SG Sean? Come and chit chat on the weird and wild world of SG property market.
This thursday night actually. Follow my IG "iherng" for confirmation of details;)
@@iherng yes already following.. will look out for details
Wa, super interesting! Would like to know more about property investing in the UK! Thank you for the insights!
Singles can buy 2rm flexi bto. If they 35yrs old n above
Currency play a part too. Last 20 years, SG 1 = RM 1.2. Now about RM3.2. So, the house need to appreciate at least 3X to compensate the currency differences. Even house price up 5X from 20 years.....after interest and maintenance etc...then back to square...If house price don't up 3X then lose money....rent for foreign worker ma kar lai ...
HDB didn’t go over millions mark … its just that inflation 🚀
very informative and insightful, thank you!!
Thanks for watching!!
35:41 Sean, are there stricter criteria for interest-only mortgage loans in Malaysia? Is it only for rich people / T20? Or average people earning RM3000-4000 per month also can get?
It depends on the credit score of the individual, but most of them only offer for the first 5 years yea.
Brexit long term effect....lack of supply for demand reduction in future...especially long term perspective...
Sg need to provide for a small population with flats thats main chunk of population of sg. Malaysia will need to provide many times more heavily subsidised public housing if it were to attempt the same. So cannot compare one
Penang Island need
1st: U don own Yor HDB .u r merely rentin for 99yrs
2nd:singles can buy BTO but only for 2rms n over 35yrs old
3rd
In Malaysia even the cars are freehold 😂
So many freehold in malaysia. This is the real problem in singapore. In fact. I am buying a 2 storey terrace house, with 3 bedroom and 2 bathroom for 265k and this house is freehold to sleep. 😅
Higher return, higher risk
First. Watching this while stuck in traffic.
100% loan is a trap, 399k property with 4% interest RM 15960, monthly RM 1330. That only for the interest. Let’s say you paid 2k/month, 24000-15960=8040.
10 years later, you still owe the bank RM313913. What you paid off is only 85086, RM 154914 for bank interest.
But without it, they couldn't even own a home ;(
Pay cash bro. Cash is king
@@iherng
0%首付399k 利率4%，每月分期2千。10年後本金只還了80多K。差不多等於是你的20%首付。未來十年的通漲你一毛錢沒省到。
一年付給銀行16K，存起來10年160K。10年後你的房子要漲到560K才能抵消你的利息。
如果利率是1%可以考慮0%首付。不然借越多，還越多。成了房奴。當然有人會算，住了十年，如果能分租…。
0%首付真的是給那些沒錢卻不得不買房住的人，但凡能付得起20%首付的、也不至於供房供得那麼辛苦。
@@davidl6112that’s why don’t want to use all cash to buy house. Plus has some risk being cheated.
You are considering in flat rate method. Whereby the 4% interest (currently is around there) and a repayment of 2k per month. The outstanding balancing will be actually RM 300,342. not much different with yours calculation but the concept is correct, you payment is majority interest in the first 15 years (let say 30 years loan). Modern slavery nowadays.
Conclusion, either paid more in instalment, do refinancing when need money or paid by cash to buy property.
Great discussion!
Thanks for watching Ken!!
Great video. Very candid and open.
Malaysian property better not buy. The say foreigners have to buy RM1mil and above but in reality most developers just inflate the price for foreigners but the workmanship standard is similar to their low end properties which are meant for their local. You will end up spending more to upkeep the property due to the poor workmanship
when collab with cafe money?
+1
where is her IG link?
Singaporean should get a Malaysia wife or husband, then invest housing in Malaysia with Malaysia price and loan scheme ! Then take the opportunity.
In addition, Some more Malaysia wife is less demanding like SG girls and Malaysia husband is more hardworking and responsible.
Malaysia wife is less demanding? Malaysia husband is more hardworking? what a joke. Malaysia wife if in SG, you will need to keep an extra bed for her Family stay in Singapore. And yes the SG husband pays.
walau, buying RM3million house so easy peasy! How many Singaporeans or Malaysian migrants in Singapore can afford that?
It's a $900k apartment in conversion leh. Of course not everybody but just in relation of the difference of currency.
Thanks for watching JT.
plenty actually
5%cash +CPF Account money+ 90%/ 80% bank loan , definitely doable for most couple working in Singapore !
Anyone knows what’s her IG name?
UK pound going to crash in next 10 years ! Singapore dollar is better !
Janda baik is hot now
UK is going down the drain, you really want to buy there meh?
Why is it going down the drain?
LOL. Follow the advice sure cannot huat.
Malaysia property wasting time haha!
If you’re a Singaporean looking to make some money from it.
Not for Malaysians.
What's her IG?
13:18 very demoralising. Feels like, why even try.