ASKING SEAN  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Landed in jb still reasonable price instead of kv

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

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

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

you talk business investment sense. Well done!

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

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

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

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

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

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

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

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

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

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

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

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

Wow. I am saving this to watch definitely!

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

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

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

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

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

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

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

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

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

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

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

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

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

I think if you buy JB definitely landed.

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

Over supply apartment in JB.

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

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

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

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

What do u think about Princess Cove?

Any new update as at April 2024?

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

Thank you sean

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

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

Demand, demand and demand

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

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

earning so much at such a young age, amazing!

Thanks!

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

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

Going to #200 soon!!!!😍😍😍

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

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

like forest city

24 earning 7k in Singapore? Impressive

wah hen luoso and long but good question and insights.

What’s the bgm song at the last?

6:49 you meant yourself Sean😂

So much concerned..DUN BUY LA.

Negative equity at its best

Never buy Malaysian properties only rent. Land is abundant.

GXFC

Bubble economic coming soon

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

Reading notes 😂

My dog house is bigger than some condo unit.😂

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

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

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

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

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

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

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

❤

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

Liarrr

Property developers are mega scammers these days