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
I heard at Medini, which is near the legoland, that there is no minimum purchase price requirement for foreign buyers. This could be the only place in Msia that does not have a quotum requirement. Hence, this may explain why there are so many Singaporean buyers involved. 有一好，就沒二好，更沒可能樣樣好😂😂
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...
@@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?
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
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.
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?
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.
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.
C''mon please do Not spread Fear. We are participants of the MM2H for the last 18 Years and we are very happily settled in M'sia. if you have signed the MM2H, that visa programme would be protected till the end. Having said that, we preferred KL which is like any big cities in the world and livelier than Johor. Areas matters: buy in top end areas eg Damansara Heights, Bangsar, TTDI, Mt Kiara, Sri Hartamas, Kenny Hills etc. We bought 2 condos and sold 1 later at a profit!! plus we got a cheque from their penalty of not finishing the project within 3 years. Buy from reputable developers eg Sime Darby, Gamuda, Mah Sing etc...Moreover there are always a pool of local buyers because they know those reputable developers and areas. Security? Excellent Nepali security guards, tight surveillance. Getting a local own lawyer to act for you (different from the developers lawyer) is always a smart move, no matter what country you are in. I've also bought, rented, sold properties in London. No problems,
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.
The best news ever happened to Singaporeans who are not appreciative of the country that give them jobs, home, affordable goods yet they complain. Now look at these people who think they are smart, they do not deserve pity for their greed and ungratefulness.
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...!!!☝️✌️💪👍✊🤜🤛👊👏🙂😊😉
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?
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
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.
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 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.
Suit them right for not figuring out the T&C before purchasing... Using SG knowledge to trade in other country thinking country outside SG plays by SG laws. Very dumb and naive.
On Msian property from my experience, I rented an atas condo near CIQ for a year, very nice but many defects inside the unit n their MSCP always flooded after raining. I rented another condo at Iskandar Puteri near the harbour, also many problems mostly plumbing n central Aircon issues. The construction was poorly designed using cheap material. Lastly, poor maintenance of the condos, the elevator broke down for many months, pool dirty, gym equipment spoiled, area looked old n need new coat of paint. It's best to check the property/developer and hire SG lawyer to go over the purchase contract before committing. Happy New Year!🎉
thanks all for the feedback and pointing out that the SPA is in english not malay however my concern is if its english how come they still tio scam meh? just don't feel right haha anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
@ usually SPA is a set of thick documents with many fine prints. Most buyers in general would not read through it page by page. Instead most would only pay attention to the project name, purchase price and their personal particulars are correct. I feel bad for all these buyers too, after all its hard earned money. Its good u r doing this video to create awareness among your followers
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.
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.
Are there no property scams in Singapore? What about million $ BTO..80 pc built in air where is land space. Land belongs to sg..yet Are many foreigners buying BTO?
@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
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.
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
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.
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
thanks all for the feedback and pointing out that the SPA is in english not malay however my concern is if its english how come they still tio scam meh? just don't feel right haha anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
That's true. These properties got no enbloc potential. When 99 years is up, the developer will kick you out surely and they demolish everything and start selling a new residential project. The land still belongs to the property developer in perpetuity in my opinion.
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 :)
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
In the 1990s, many Singaporeans invested in resort-style condo in Malacca. Remember the Time-sharing condo BS? Sadly, now another generation of Singapore 韭菜.
thanks all for the feedback and pointing out that the SPA is in english not malay however my concern is if its english how come they still tio scam meh? just don't feel right haha anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
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 .
Actually in Singapore, there are developers selling apartments on freehold land as leasehold, holding reversionary rights to the property once the lease expired. Hence, this is nothing new and it is wrong to assume that properties in JB must be freehold. Some properties in KL are already sold on leasehold many years ago. Even Najib's bungalow is leasehold.
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 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😮💨
MY has plenty of land. Malaysians refer landed property so resales for condo could be an issue. Plus you can only buy property of certain value. Malaysians may not be able to afford to buy yours. Currrency risk, ringgit keeps droping, plus interest is higher there. Evaluate carefully. Rent is a good option, wuite cheap!
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.
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
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
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 😂😂😂
What u say is very truth ,the only reason why I want to stay in JB is because our HDB (is noisey) wall is thin ,even u stay in top floor downstair neightbour below close drawer(no soft closing) ,cabinet , door or footstep also can hear especially at night. I will rent a semi D or corner terrace for long stay. Rent out noise HDB flat.Sick of the noise from neighbour
yes i also have problems with noise in HDB, even have to go to court then the noise reduce a bit damn sianz i can only slowly get used to it sometimes never sleep well then afternoon take a nap haizzz i can understand how u feel
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
Terms and conditions are always worded in "cheem" vocabulary for any layperson to even bother to read word for word, let alone understand. Also the font size of the words are always purposely made so small no one bothers. Are there any not only money minded lawyer out there who have read enough t/cs to publicly make known to the unwitting public what info is impt for them to know in layman's langurage?
thanks all for the feedback and pointing out that the SPA is in english not malay however my concern is if its english how come they still tio scam meh? just don't feel right haha anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
Bought one before COVID at almost 1 million RM now wsnt to sell at 600k. No offers! Can't even rent out because of poor maintenance. Alamak! Money down the drain! KNL 😢😅
Have never liked overseas properties given the many unstable elements in these countries that we cannot control or even unaware of legislation changes or updates that may have kicked in as time pass. There are many instruments to invest in and not necessarily properties. Also, properties are very illiquid and rigid with challenges of looking for the RIGHT BUYER, which may take a very long time, unless you sell at a LOSS. Also, I can’t sell a part of the property like maybe the toilet 😂, unlike equities, which is still my preferred instrument, very liquid and flexible. If die die must buy then exercise extreme caution and care.
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
no wonder u don't dare to say. Wise decision
The buzz word in the link - is_something 😂
I heard at Medini, which is near the legoland, that there is no minimum purchase price requirement for foreign buyers. This could be the only place in Msia that does not have a quotum requirement. Hence, this may explain why there are so many Singaporean buyers involved. 有一好，就沒二好，更沒可能樣樣好😂😂
Good content to remind our fellow Singaporeans. I recall the CLOB saga.
Yuppp...!!!😮🙄😬
Wake up, my dear fellow Singaporeans. Not everything in JB are worth buying. You go cheap, you won't get the quantity.
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...
@@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?
Excellent comment
Fully agreed with you. Herd mentality and greed was the outcome of this case.
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.
你的中文挺不错的！厉害！
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
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.
YES,
there are many apartment begging for tenants. Prime locations.
A good reminder that purchase of property overseas is not the same as in Singapore.
Many renting from a leasehold in SG are also illegally renting out what.
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?
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.
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.
nice! yes sg safer la
C''mon please do Not spread Fear. We are participants of the MM2H for the last 18 Years and we are very happily settled in M'sia. if you have signed the MM2H, that visa programme would be protected till the end. Having said that, we preferred KL which is like any big cities in the world and livelier than Johor. Areas matters: buy in top end areas eg Damansara Heights, Bangsar, TTDI, Mt Kiara, Sri Hartamas, Kenny Hills etc. We bought 2 condos and sold 1 later at a profit!! plus we got a cheque from their penalty of not finishing the project within 3 years. Buy from reputable developers eg Sime Darby, Gamuda, Mah Sing etc...Moreover there are always a pool of local buyers because they know those reputable developers and areas. Security? Excellent Nepali security guards, tight surveillance. Getting a local own lawyer to act for you (different from the developers lawyer) is always a smart move, no matter what country you are in. I've also bought, rented, sold properties in London. No problems,
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?
Nah! Can't always put the blame on something else.
SUE those agents registered under CEA for false representations. SUE until they go bankrupt.
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.
Reclaim land type ground will " sink" lower after 30 -40 years
@@liudaniel6656 Yes, you're correct, soil movement unpredictable due to underground water conditions, 0thers.
@@Jeff-n2n danga bay also reclaim land right ?
high-density high-rise circuit breaker safety Induction Hob - one life - pipe rubber tube gas leaked explosion - too late - SCDF
Learned the lesson. Also timeshare properties in Thailand be careful. I lost everything.
Oh really...???!!!😮🙄😬🤔
ohh noooo
but yeah thailand also much traps, i saw on you tube many Chinese investors got scammed gg
@MasterLeong888 The whole world, is lawless already...!!!🙄😬
Scams are everywhere in every city around the world, no greed, no gain and no loss, status quo is the best safety.
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.
The best news ever happened to Singaporeans who are not appreciative of the country that give them jobs, home, affordable goods yet they complain. Now look at these people who think they are smart, they do not deserve pity for their greed and ungratefulness.
totally agreed ...
Thanx for explaining... I now understand the situation better😊
NO GST NO VAT, foreigners owned substantial quantity of properties, still 0il @ 160°C, HK Oven, ED stressful, tiny homes
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!
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...!!!☝️✌️💪👍✊🤜🤛👊👏🙂😊😉
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?
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
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.
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
Many renting the whole flat in sg are also renting out to foreigners. Renting also rent out. Illegally?
Many China people who invested in malaysia are still in the dark. This incident will wake up the hornet nests😄😄😄
Chinese r might not as SB as sg 🤭
WTFish pap says hdb are cheap and
"" affordable ""
Some Khmer owners of residential and commercial properties, including shophouse in Kampuchea are doing the same
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.
I thinking if the contracts in english how come they dunno its a trap, so scary 😢😢😢
@@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.
@@MasterLeong888 Forest City better don't buy
@@MasterLeong888 private lease scheme, generally , is cheaper in price/ psf...
@@Jeff-n2n I went there to see . Wanted to buy but I felt the price was too high.. thus abandon the idea. Lucky me
Suit them right for not figuring out the T&C before purchasing... Using SG knowledge to trade in other country thinking country outside SG plays by SG laws. Very dumb and naive.
Is this the norm of buying properties in MY?
it seems now there is a huge rush of singaporeans buying JB property and prices have gone up 30%!
On Msian property from my experience, I rented an atas condo near CIQ for a year, very nice but many defects inside the unit n their MSCP always flooded after raining.
I rented another condo at Iskandar Puteri near the harbour, also many problems mostly plumbing n central Aircon issues. The construction was poorly designed using cheap material.
Lastly, poor maintenance of the condos, the elevator broke down for many months, pool dirty, gym equipment spoiled, area looked old n need new coat of paint.
It's best to check the property/developer and hire SG lawyer to go over the purchase contract before committing.
Happy New Year!🎉
yes maintenance is a huge issue
happy new year!
2025 green dragon lets go
SPA in Malaysia are all in English, not in Bahasa Malaysia
thanks all for the feedback and pointing out that the SPA is in english not malay
however my concern is if its english how come they still tio scam meh? just don't feel right haha
anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets
for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
@ usually SPA is a set of thick documents with many fine prints. Most buyers in general would not read through it page by page. Instead most would only pay attention to the project name, purchase price and their personal particulars are correct. I feel bad for all these buyers too, after all its hard earned money. Its good u r doing this video to create awareness among your followers
Isn't this similar to HDB? Buy or rent also need approval by HDB right? Funny how some people trying to say they are different. Hmm
Ai wan, buying another "HDB lease" property...no meaning.
SG lingo camaraderie 1.2 m served ns still alive and formidable today in 2024.
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
ya seems like on going court case gg
www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute
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.
a lot is herd mentality all now rush to go buy jb properties cause they think its cheap gg
Great content ! i like ! 👍
Ppl sign Sales & Purchase Agreement SPA
He signed tenancy agreement, so whose fault?
Water level rising, boat cruise tanker, also rising in cost of living and inflations ahead of incomes, govt to react to protect voters.
Sometimes, we do need these victims, so they can share their encounter & experiences,actually they are learned "cheap"lesson lor
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.
"'Hmmm...!!!"'🙄🤔 U got a strong point, indeed...!!!🙄😬☝️👍🫵
Are there no property scams in Singapore?
What about million $ BTO..80 pc built in air where is land space. Land belongs to sg..yet
Are many foreigners buying BTO?
You do a property scam in SG, you go to jail. Foreigners buying BTO? You living in parallel universe?
Yes many foreigners easily get Singapore citizens now thus they help to boost HDB flats prices.
Another bubble is forming... 😢
ya lor up 30% in prices already i believe it will go up even more in 2025 before the bubble pops
@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
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.
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
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.
dont forget there is ZERO transaction for apartments in the secondary market.
THATS the real value for your investment.
Wow, screwed badly. Pay rent for 99yrs
SG also same ma ,if SG condominium u don't own the land ? right??
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
Already signed the contract in black and white. What is there to fight? 🤣
thanks all for the feedback and pointing out that the SPA is in english not malay
however my concern is if its english how come they still tio scam meh? just don't feel right haha
anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets
for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
Because majority of people don't read fine print lah
Few Singaporean developers bought freehold land, built condos on the freehold and sold condos on 103 or 99-year lease ⛔
yes very cunning sia slicing it out
That's true. These properties got no enbloc potential. When 99 years is up, the developer will kick you out surely and they demolish everything and start selling a new residential project. The land still belongs to the property developer in perpetuity in my opinion.
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 :)
Buy freehold...yes I agreed with David tan manipulator involved ...SPA is in english
@@liudaniel6656 yes irresponsible to say SPA in Malay.
Good video❤ don't buy, rent. Property gain tax.
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
But HDB flat you also allowed to sell
Not the same
Very well commented, indeed ML...!!!☝️✌️💪👍👏✊🤜🤛👊👏😉
Trust malaysia gov? 😳
Where is this?
Details in pinned comment
Just make sure u can get title deed in your name
they were promised title deeds but never get gg
@@MasterLeong888 so that's misrepresentation. Need prove before signing
@@MasterLeong888 in foreign country better get lawyer to get this done
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.
no idea leh they never give the details
but the SG we sell lol,our government are their protecting your land ??
And can be trusted/knowledge
In the 1990s, many Singaporeans invested in resort-style condo in Malacca. Remember the Time-sharing condo BS? Sadly, now another generation of Singapore 韭菜.
I assume malaysia gov still courrpt again 😂😂😂😂😂😂😂
Since when they stop? It's their expertise. 🤣🤣🤣
Malaysia SP ageement/contract never sign in Malay Language,it is 100% in English.
yes sorry now then i know cause i noob in msia property market
thanks for pointing out
but what got me curious if all contract in english dunno why they kanna scam gg
thanks all for the feedback and pointing out that the SPA is in english not malay
however my concern is if its english how come they still tio scam meh? just don't feel right haha
anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets
for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
Also stay away from Princess Cove.
too late i think many sg folks hoot riao
"'Teoh hoot liao...!!!"'😮🙄😬
Do u know many already making good profits ?
@@victorhow9613 others make money from bitcoin, but is it a good investment 😀??
to the commentator, kindly do not interrupt the recording
so sorry this is a reaction video which i add my own views and analysis
original video is on CNA
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 .
Good outcome is at least future buyers are now aware of these kind of properties.
Now cannot trust anyone ! 😢
Any ideas what the developments involved?
details in my pinned comment thanks
Actually in Singapore, there are developers selling apartments on freehold land as leasehold, holding reversionary rights to the property once the lease expired. Hence, this is nothing new and it is wrong to assume that properties in JB must be freehold. Some properties in KL are already sold on leasehold many years ago. Even Najib's bungalow is leasehold.
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?
found from forums
www.edgeprop.sg/property-news/buyers-take-iskandar-investment-berhad-court-over-spa-related-dispute
@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😮💨
@@edwinwee267 ignorantia juris non excusat
caveat emptor
Singaporeans apply for Malaysia PR if they want
If lease hold affected will not be only this developer but all economy zones are lease hold affected right
MY has plenty of land. Malaysians refer landed property so resales for condo could be an issue. Plus you can only buy property of certain value. Malaysians may not be able to afford to buy yours. Currrency risk, ringgit keeps droping, plus interest is higher there. Evaluate carefully. Rent is a good option, wuite cheap!
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.
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
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
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 😂😂😂
What u say is very truth ,the only reason why I want to stay in JB is because our HDB (is noisey) wall is thin ,even u stay in top floor downstair neightbour below close drawer(no soft closing) ,cabinet , door or footstep also can hear especially at night. I will rent a semi D or corner terrace for long stay. Rent out noise HDB flat.Sick of the noise from neighbour
yes i also have problems with noise in HDB, even have to go to court then the noise reduce a bit damn sianz i can only slowly get used to it sometimes never sleep well then afternoon take a nap haizzz i can understand how u feel
characteristic of a hdb
High net worth China Chinese feel more comfortable and prefers to invest in a Chinese majority cities in Malaysia and SG ❣
Just rent will be better
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
property agents, insurance agents, stock brokers
their incentive is to earn commissions, years later clients horland is not thei biz riao lol gg
My friend got scam ten year ago.
sad gg but i think more folks will be joining your friends lol
Go back kampong are the best .
Slump soon...call minister to define with developers..con people with legal jargons..see lah later
No matter how educated you're, still kena con.
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
Still never learn to be smarter , come on la Singaporean
What’s the fuss? Is it not the same as HDB lease scheme?,
In Singapore, when you want to sell your hdb after 5 years mop, do you need approval to sell?
Technically shod not call ‘buy’ from developer. Rent fr dev
Terms and conditions are always worded in "cheem" vocabulary for any layperson to even bother to read word for word, let alone understand. Also the font size of the words are always purposely made so small no one bothers. Are there any not only money minded lawyer out there who have read enough t/cs to publicly make known to the unwitting public what info is impt for them to know in layman's langurage?
thanks all for the feedback and pointing out that the SPA is in english not malay
however my concern is if its english how come they still tio scam meh? just don't feel right haha
anyway my sharing is just for awareness and to warn my followers about the potential risk of investing in overseas assets
for those who are still bullish on JB property and want to make purchase please go ahead but at least now we can be more cautious and will get professional lawyers to check out the SPA in greater scrutiny cheers
What about new zealand properties, ML, can buy?
no idea leh NZ and Australia i never see, I feel very expensive now already due to the hot chinese money
Foreigners' owned property must be sold to Australians and Australia isn't in good health today in 2024.
New Zealand is earthquake prone, and I won't want to roll the dice or playing the Russian roulette, whatever for?
boutique less crowded low-density low-rise < 99 units exclusive luxury enjoyable harmony peace priceless quiet tranquility ❣
Bought one before COVID at almost 1 million RM now wsnt to sell at 600k. No offers! Can't even rent out because of poor maintenance. Alamak! Money down the drain! KNL 😢😅
ohh nooooo
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 😅
yes, so even if wife is local also got risk when buy msia thai viet myanmar assets
women are temperamental and unpredictable hold ming vase don't drop fractured or cracked unrepairable, game over
I thought ML got interviewed by CNA 😂
😂😂😂
When bukit indah's at infancy stage i jio bro-in-law to share 2nd property...didnt materialised else i now make a whopper already🤭
Wow. This revelation could be the opening of a can of worms. How about the rest. Is this a scam?
2025 we will see more such cases exposed i feel
Have never liked overseas properties given the many unstable elements in these countries that we cannot control or even unaware of legislation changes or updates that may have kicked in as time pass. There are many instruments to invest in and not necessarily properties. Also, properties are very illiquid and rigid with challenges of looking for the RIGHT BUYER, which may take a very long time, unless you sell at a LOSS. Also, I can’t sell a part of the property like maybe the toilet 😂, unlike equities, which is still my preferred instrument, very liquid and flexible. If die die must buy then exercise extreme caution and care.
ya that's why i prefer reits as property investment if need money can just liquidate immediately
Who is that(property guru)of sorts or is he a(fortune-teller?!!!