Thk u for this great idea Mr Loo. I hv been toying with the idea of buying a condo (not landed) but the following considerations have helped me conclude that renting actually is a better option if you want a holiday home in JB... 1. General oversupply of condos in JB - limited upside potential. 2. Currency depreciation. Now 3.5 to S$, 5 yrs down the road maybe 4.0 or 15%. 3. Interest loan of 4% or so - 5 yrs set you back 20% if you take a loan. 4. Generally low rentals S$600-800 gets you a 2 decent bedder. 5. Your S$200k if invested in S&P or QQQ yields 8-12% pa - which is more than enough to pay the JB rental. 6. No need for maintenance, condo fees, taxes etc which can be royal pain. 7. Most people who bought JB properties 10 yrs ago till now are suffering huge losses. If you buy now, even with upcoming MRT, it is going to be very hard to break even. So yes, renting truly seems the way to go! What are your thots? Appreciate this video and God bless you and Dragon.
Actually, the option of rent and buy also depends on budget If you have the budget I would rather buy. 1. General oversupply of condos in JB - limited upside potential. This is true for condos, which I would not recommend anybody to buy, buy landed freehold. 2. Currency depreciation. Now 3.5 to S$, 5 yrs down the road maybe 4.0 or 15%. This is actually a pro when it comes to buying, you secure a landed property at 2023 prices and if you take a 10 year loan, can you imagine paying 1 to 4 down the road? I am hoping hard on this. 3. Interest loan of 4% or so - 5 yrs set you back 20% if you take a loan. It depends I am opening SGD FD in Malaysia at at 4% and one account with monthly tenure at 3.5% for the purpose of making draw down payments, so I am practically buying the property with interest shielding to make it interest free. 4. Generally low rentals S$600-800 gets you a 2 decent bedder. I am buying new launch landed property and intend to build a pool and koi pond etc and turn it into my personal Balinese resort, something you cannot do with a decent 2 bedder. If you want to live in Malaysia you have to live it fully with the huge house and land space no point living in a pigeon hole 2 bedder like HDB, might as well just go in and out as RTS is due in 2026. 5. Your S$200k if invested in S&P or QQQ yields 8-12% pa - which is more than enough to pay the JB rental. Really? so easy and risk free? I have 4 million SGD to invest.
6. No need for maintenance, condo fees, taxes etc which can be royal pain. If you have the budget and rental from SG property these are very minor. 7. Most people who bought JB properties 10 yrs ago till now are suffering huge losses. If you buy now, even with upcoming MRT, it is going to be very hard to break even. They are sorry and do not know how to invest. I think someone in this video paid RM1.95m in cash and will lose out if the RM really goes to 4 like you are so predicting and quite dumb if you ask me and will be suffering as they don't know how to hedge and shield with the strong SGD currency. Also surprised such ppl do not know how to make use of the bank to help them. I worked with my private banker in Malaysia to talk about the strengthening(?) SGD and hedging of interest by investing in their bank. Another advantage of buying FH landed is that Johor is one of the cheapest and nearest in the world where they still allow you to buy Freehold individual landed property at a steal, as someone here said profit is made at the point of purchase and not sale, my landed home is the equivalent of a SGD4m landed home in Singapore. Also if you buy you can leave it to your next generation and that would make it very cheap to own as 2 or more generations can enjoy, or sell it later, long term landed properties do appreciate.
@stephenang499 OMG,I finally Found someone having the same mindset and game plan as me!!! Oh wow! I tot I m the Only One... everyone say buy Msia properties are stupid. But it is not... you need to find the right GEM in JB.
As a Malaysia, RM2, 800(SGD800) per-month is cut throat. We only pay around RM1500 to RM2000 for this kind of condominium. For something like RM2, 800 (SGD800), we go for landed property.
This condo mosaic very cui. I went to see b4. I tot very good since near southkey. The facilities, management never maintained. Layout of the hse is very small. And the bedroom face corridor. Inside unit have leaking problem.
Want to check the noise level from your direct neighbour upstair and downstair? Like footstep noise , slamming of door and closing of closet (no soft closing mechanism) or banging noise at night . This apply to up and downstair.
renting is the right choice, it seems that johor chief minister is thinking of implementing policy to restrict the rising property price due to speculation from the up coming sez and rts. foreign buyers will be affected for sure.
Renting in lupsup condo or landed hse, is fine. But u r still paying for other ppl installment.there are still gem in jb landed.but u need to find, buy n hold. Buy something in jb that u can't afford to buy in SG like properties in Orchard areas. Anyway, Mosaic is also another lupsup condo,if rent, is fine. Buy at ur own risk. Don't study on those cheap condo,that msian won't buy. Think more in depth....
Jb 2+1 condo $2800 equivalent to sg hdb (not condo) common room rental. Conclusion: its bad idea to buy jb condo as investment . For write off like mr loo austin height would b another story.
Traitor! SG is affordable as long as u don't go for luxury brand or eat offen at restaurants. In sg i can go cycling or walking in the middle of the night with peace of mind. In Malaysia even daytime one need to be very careful on busy street.😂😂😂
1.5 million Malaysians living in Singapore are traitors? Are having a war with Singapore? Hamas? No, we are in peace between both countries.. All Singaporean are welcome to Malaysia❤
![Johor Property Market. Is there capital upside or is it just a retirement home? [Ft Loo, 1M65]](http://i.ytimg.com/vi/bR0hKCREPG4/mqdefault.jpg)
![Johor Property Market. Is there capital upside or is it just a retirement home? [Ft Loo, 1M65]](/img/tr.png)
Thk u for this great idea Mr Loo. I hv been toying with the idea of buying a condo (not landed) but the following considerations have helped me conclude that renting actually is a better option if you want a holiday home in JB...
1. General oversupply of condos in JB - limited upside potential.
2. Currency depreciation. Now 3.5 to S$, 5 yrs down the road maybe 4.0 or 15%.
3. Interest loan of 4% or so - 5 yrs set you back 20% if you take a loan.
4. Generally low rentals S$600-800 gets you a 2 decent bedder.
5. Your S$200k if invested in S&P or QQQ yields 8-12% pa - which is more than enough to pay the JB rental.
6. No need for maintenance, condo fees, taxes etc which can be royal pain.
7. Most people who bought JB properties 10 yrs ago till now are suffering huge losses. If you buy now, even with upcoming MRT, it is going to be very hard to break even.
So yes, renting truly seems the way to go! What are your thots? Appreciate this video and God bless you and Dragon.
Actually, the option of rent and buy also depends on budget
If you have the budget I would rather buy.
1. General oversupply of condos in JB - limited upside potential.
This is true for condos, which I would not recommend anybody to buy, buy landed freehold.
2. Currency depreciation. Now 3.5 to S$, 5 yrs down the road maybe 4.0 or 15%.
This is actually a pro when it comes to buying, you secure a landed property at 2023 prices and if you take a 10 year loan, can you imagine paying 1 to 4 down the road? I am hoping hard on this.
3. Interest loan of 4% or so - 5 yrs set you back 20% if you take a loan.
It depends I am opening SGD FD in Malaysia at at 4% and one account with monthly tenure at 3.5% for the purpose of making draw down payments, so I am practically buying the property with interest shielding to make it interest free.
4. Generally low rentals S$600-800 gets you a 2 decent bedder.
I am buying new launch landed property and intend to build a pool and koi pond etc and turn it into my personal Balinese resort, something you cannot do with a decent 2 bedder. If you want to live in Malaysia you have to live it fully with the huge house and land space no point living in a pigeon hole 2 bedder like HDB, might as well just go in and out as RTS is due in 2026.
5. Your S$200k if invested in S&P or QQQ yields 8-12% pa - which is more than enough to pay the JB rental.
Really? so easy and risk free? I have 4 million SGD to invest.
6. No need for maintenance, condo fees, taxes etc which can be royal pain.
If you have the budget and rental from SG property these are very minor.
7. Most people who bought JB properties 10 yrs ago till now are suffering huge losses. If you buy now, even with upcoming MRT, it is going to be very hard to break even.
They are sorry and do not know how to invest. I think someone in this video paid RM1.95m in cash and will lose out if the RM really goes to 4 like you are so predicting and quite dumb if you ask me and will be suffering as they don't know how to hedge and shield with the strong SGD currency. Also surprised such ppl do not know how to make use of the bank to help them.
I worked with my private banker in Malaysia to talk about the strengthening(?) SGD and hedging of interest by investing in their bank.
Another advantage of buying FH landed is that Johor is one of the cheapest and nearest in the world where they still allow you to buy Freehold individual landed property at a steal, as someone here said profit is made at the point of purchase and not sale,
my landed home is the equivalent of a SGD4m landed home in Singapore.
Also if you buy you can leave it to your next generation and that would make it very cheap to own as 2 or more generations can enjoy, or sell it later, long term landed properties do appreciate.
@stephenang499 OMG,I finally Found someone having the same mindset and game plan as me!!! Oh wow! I tot I m the Only One... everyone say buy Msia properties are stupid. But it is not... you need to find the right GEM in JB.
I buy JB home 10 years ago at Adda Heights for RM380k. Now valued at RM1.1. If someone offers me RM1.3, I will not sell. ... Love my place
As a Malaysia, RM2, 800(SGD800) per-month is cut throat. We only pay around RM1500 to RM2000 for this kind of condominium. For something like RM2, 800 (SGD800), we go for landed property.
Would u rec any place to rent?
This condo mosaic very cui. I went to see b4. I tot very good since near southkey. The facilities, management never maintained. Layout of the hse is very small. And the bedroom face corridor. Inside unit have leaking problem.
Downstairs oso v cluttered with kopitiam, clinics etc. Feels like People's Park rather than upscale condo. Lol
lol@@Oldyonfoldy
MOVING TO JB NOW! POWER OF SGD!
Want to check the noise level from your direct neighbour upstair and downstair? Like footstep noise , slamming of door and closing of closet (no soft closing mechanism) or banging noise at night . This apply to up and downstair.
Did you find a place that is free of noise like you said that you can share? Thanks
Sound great to rent instead of owning a house in JB. Thanks for sharing.
renting is the right choice, it seems that johor chief minister is thinking of implementing policy to restrict the rising property price due to speculation from the up coming sez and rts. foreign buyers will be affected for sure.
After very detail on site study in jb , i concluded that renting is better option instead of purchasing a condo in jb
Renting in lupsup condo or landed hse, is fine. But u r still paying for other ppl installment.there are still gem in jb landed.but u need to find, buy n hold. Buy something in jb that u can't afford to buy in SG like properties in Orchard areas. Anyway, Mosaic is also another lupsup condo,if rent, is fine. Buy at ur own risk. Don't study on those cheap condo,that msian won't buy. Think more in depth....
Renting JB house for some people means the convenience to bring in other women to relax the soul and unleash the creative juice. Just sayin’ 😂
😂😂😂
Nice idea !
lol.. happy to see both of u
Hi gd evening,can't hear yr conversation
Jb 2+1 condo $2800 equivalent to sg hdb (not condo) common room rental.
Conclusion: its bad idea to buy jb condo as investment . For write off like mr loo austin height would b another story.
Financial steps the Dragon Tan Way?
Yes, that's the smarter way then buying property in JB if you are staying in JB longer than Singapore in a year.
I really need an apartment to rent in a month in Johor Bahru near UTM area … if any one knows anything please let me know. Thanks
What’s the name of this condo?
South Key Mosaic
@@dragontan6132we will join you introspect lol
dragon's strength must be his neatness....lol
😂
In short, thks for the great job. The nice view must equip with maid. to clean the window. Not like mine
Provided you've a car in sg
Malaysian property is very easy to but but extremely hard to sell!
No sound
yup buy the milk and not the cow...
Traitor! SG is affordable as long as u don't go for luxury brand or eat offen at restaurants. In sg i can go cycling or walking in the middle of the night with peace of mind. In Malaysia even daytime one need to be very careful on busy street.😂😂😂
1.5 million Malaysians living in Singapore are traitors? Are having a war with Singapore? Hamas? No, we are in peace between both countries.. All Singaporean are welcome to Malaysia❤