Mr Loo is very down to earth people! He is not buying this JB house for investment, he has said that most likely he will not make money out of this deal and is ready to even write it off (we know that this cannot be true as the property is a freehold landed). He is just enjoying his life and making plan for his retirement and generous enough to share it with everyone. 👍
@@kichia-lk4ql wealthy boomers with spare cash to waste. he is basically spending 2.5million ringgit in total justifying the purchase to a diamond ring.
Mr Loo is spot on about security. JB is "Safer than Europe" but Singapore security is in a different league (to JB et al)! It also depends our what you have. After 6 months living here...We now have 5 cars, all quite "posh" but all not worth stealing. Zero resale value. Also not Protons - so zero value for spare parts also. Three of the cars are above 30 years old. The two "new"cars are 12 years old... but run like new. Oh... and Malaysian mechanics are great!
Investment is not always about money, when you reach a certain stage in life, investment can mean a better lifestyle, if you look at Mr Loo's house, how much do you need to enjoy the huge spaciousness of a huge house? As he said such a size house could easily cost at least 4 to 6 m in Singapore or face living in a cramped stuffy HDB and now he can enjoy landed lifestyle for such a paltry outlay.
@@stephenang499 Precisely when u reach a certain age, u will appreciate the intangibles SG offer that Msia can't. I see so many Msians around me who have been in SG their whole lives as PR finally convert to Sg citizenship when they hit retirement age. I wonder why.
I won’t do it because I find it tedious to maintain both jb and sg property. When retired, I want to be careful from cleaning etc. I won’t hired maid because I believe cleaning my own place than engaging others.
Hmm another ignorant statement you can get 2 cleaners for 5 hours for RM 180 to clean your house, plus if you do not clutter your landed property it is actually much easier to clean as the robot has unhindered access to the house you can easily get a clean and mop robot also.
I’m doing wat Mr Loo doing. Live in both SG & JB. 1 property in SG. 1 in Medini Grind in SG. Unwind in JB. More & more people are doing this. U dun know wat ur missing. 👍🏼😍
1 Medini Residence. If u prefer landed , u can check out Horizon Hills and Eco Botanic. I prefer Iskandar Puteri ( near 2nd Link ) bcos more spacious . I avoid Forrest City & all other properties on RECLAIMED LAND.
Agree 100% of what Mr. Loo said on the video. I am a Singapore PR who bought a condo near RTS station (Bukit Chagar) right after Covid as my family's weekend home. We've been totally enjoying it so far. Didn't buy for investment purpose but the price has gone up by 30%-40% and like what Mr. Loo said, what happens in 10 years or 20 years, doesn't matter to me. As long as I enjoy the place and can pass on to my children as it's a freehold property.
It's not just a holiday home. It's a retirement plan because the cost of living is a fraction of Singapore and the property last a lifetime that can be passed down to future generation. My late grandfather owns a home a little bit of land in Johor which now belongs to my father, and he plans to retire in Johor after receiving his monthly CPF payments.
Agree 100% with Mr Loo. For Sgporean who wish to explore properties in Msia particularly in JB, you have to consider to buy as 1) Investment or 2) To stay. For 1) Investment, JB/KL/Penang is a good choice. However, consider condo/apartments aside from just landed. Because you can diversify your huge capital from SG to more number of properties. Research up KL property investments and you'll understand how Msians do their games. But you have to keep in mind your return value shall be in RM rather than SGD. If you are only thinking to buy Landed, then it's more 2) To stay, just as Mr Loo. There's not much investment value for landed if you don't get to flip it. However, you don't want to just buy a Landed in a very remote area with zero/low value. Don't be a donkey. Take note that this type of investment is more suited on a mid career/retiree life. Still, it is always the best to stay where you work so you won't get emotional tiring as well.
PJ will be better but after currency conversion rate, still lose out on opportunity cost. I bought a 3m semi detached at a gated community and sold for 5m.
Malaysians will buy SG for capital preservation (ringgit depreciating, stable sg gov), Singaporean will buy MY for lifestyle (lower cost of living , slower pace). I think this is the simple reason.
No point to make hundreds of thousand or even millions in stock market and not enjoying life to certain extent. Properties in good area in Malaysia are unlikely to depreciate, especially freehold land, as raw materials and labour always go up
IMO, politics play a significant role in Malaysia. During Najib's time, it was effortless to acquire any property without any restrictions, minimum taxes and a long-term visa. However, following Najib's collapse, all of these liberal foreign policies were wiped out overnight. This not only undermined Malaysia's credibility as a nation but also destroyed foreign confidence in Malaysia as a country that honors its commitments.
In retirement, besides considering the cost of living, shouldn’t one also consider the quality of medical care? Of course people will say jb is near to singapore, anything just come back. But as we all know, in case of emergency, can one be mobile enough to come back for medical attention? 🤔
In retirement planning, u plan for everything especially when u want to retire elsewhere. for your concern regarding emergency , in your planning, plan to buy out of country health care insurance. Problem solved. It’s only money even if u need to go to the local hospital
By the time Mr and Mrs Loo old enough to worry about needing emergency medical care, they can come back stay in their flat in sg; and by then it will also be time for their children and grandchildren to enjoy the jb landed house as holiday home. Isn't this a great plan? Not to mention JB might just catch up with sg on medical facilities and professional care. Cannot assume sg will always stay better.
“Can one be mobile enough to come back for medical attention…….? Take Mr Loo out of the equation,,, u n your family r travelling,,.let’s say in Australia or Korea…..suddenly one of u fell sick n need immediate medical attention,,, what do u do? One will make the decision then …isn’t it?
$2,100,000 / 360 months = $5,800 per month in rent. Loo is right. Loo has relatives living there. Loo is also right to rent if you do not have any relative there. You can rent a cornered terrace elsewhere of 4, 500 square feet for $2,300 per month in Johor Bahru which is selling @ $850,000. Currently, there are abundance of houses for rent or sale in JB. Landed homes in any country faced with mosquitoes, insects, rodents and other uninvited guests. You also need a car to bring you around for groceries and eateries. Finally, you need a good medical care when you fall ill, and if the illness is serious, you need a good hospital nearby in an urgent.
@@JOSHTANLIVEthere’s lots of comments on medical n the need for emergency medical services, although it’s important,it can b easily resolved by buying out of country medical insurance, just like when u go on vacations for extended period. Company’s medical coverage covers that too. It’s not an issue if u include that in your retirement if u plan on retiring elsewhere.
@@JOSHTANLIVEI think Mr loo used the incorrect term “write off”:,:n misunderstood by a lot of people. There’s is no write off, like an insurance claim of a wrecked car. Mr loo should simply said:”It wouldn’t matter if the house appreciates or depreciates in value down the road as it would not be sold”, instead of saying write off n using Chanel n Rolex items to explain , that triggered the ”how Lian” comments…. Lol
In Malaysia, property prices vary from regions. My 20 x 70 double-storey landed property, 25 minutes from KL International Airport, costs RM500K (SGD142K), with nearby Singaporean families. Conversely, my friend's well-maintained 3-room apartment, 20 minutes from KL, is priced at RM300K (SGD85K). Generally, properties in this area are deemed expensive.
Yes not all properties in SG are making profits. Also the hassles of handling property change tenants and repairs are not fun, that’s why I plan to sell one by one in few years time
For someone who always aspire to own a landed freehold property, where SG quantum beyond reach, then its not the price anymore. Happy for him. Personally, I have a FH condo rented out, but staying with my parent. I also bought a FH condo at the lowest possible quantum around RM$500+k in JB,- reason being able to semi-retire and work in SG while still enjoy collecting rental from SG condo, while still having a place to stay in future. I did not choose landed in JB because I regard overseas property more often as for consumption rather than investment. In fact property is poor investment to me, trading stocks are better in return for me. RM$500K+ is a comfy quantum as this amount can't really buy a proper house in SG, and renting in SG is burning cash
i have worked and stayed in countries like Russia, Kazakhstan, Turkmenistan, Mongolia, China, India, Vietnam, Brunei, Philippines, USA, and business trips and vacations to Canada, Australia, NZ, Korea, Thailand, Indonesia, Italy, France, Switzerland, Austria, etc and never have been pickpocketed, robbed or even threatened. So you just have to be aware of your surroundings - spatial awareness - and not think nothing is going to happen to me regardless where i go or do. Don't be stupid
One alternative for retirement, for those who are not comfortable with big investment into overseas property, or even rental lockup, is to just stay 1-2 months airBnB at various places in Msia, Thailand, Bali…. Where cost of living is lower. You stay as per your tourist visa allows, no need for any long term visa. In between u come back SG for your medical checks, enjoy subsidised healthcare as citizen, catch up with friends and relatives here, then u go to another place to explore and experience staying there. No sunk cost, no risk of getting bored. Sometimes your friends can even come bunk in at your AirBnB.
Agree with the gentleman. Enjoy life. I move between my Hong Kong condo and my KL landed property. Enjoy the best of both worlds and lifestyles . I love this arrangement so much that I no longer enjoy travelling (as a tourist) to other countries.
France is an ex-colonial country with many African descendants. Naturally, when Singaporeans go over, we act like tourists unable to speak French, etc, and hover around places like Lourve & Eiffel Tower and prone to pickpockets. Learn the language and embrace their rich history rather than say they are unsafe vs JB where Chinese is the 2nd largest race and you can speak Melayu & you just spent RM2m.
Excellent timing for a Freehold landed property investment in Malaysia. It will appreciate 30%+ in 5 years. Key price drivers are inflation, cost of land & building materials and location demand / supply. I humbly share my 40 years property investing experience.in Malaysia. Remember location, location, location.
@@JOSHTANLIVE lol. They all sg pr. They told me they won't dare to buy JB condos. They Only own hdb in sg. Lol. If they shld buy, it would only be a Malaysian LANDED. NEVER jb condo lol
@@barcaewok7229for your info Malaysians would prefer to buy landed properties over high rise living in Malaysia. Unless no choice like in KL where landed properties are expensive.
Asking Malaysian who are staying in HDB about property investment idea is the same as a Malaysian staying in a gated guarded community be it a strata landed or condo asking his Nepalese security guards about property investment in Nepal…. If those of ur Malaysian friends are wise property investment personnel, they won’t have to be cheap labour in ur precious little country… dude…
@@TheAlbert18361 you are right. In Malaysia we prefer living in landed properties rather than living in high rise given the choice. You are buying air i/o land for high rise lol.
Mr. Loo indeed has some incisive insights into Malaysia in general and JB in particular. And note, implicitly, he is pointing to an arbitrage situation that is, longer term, not sustainable (in my humble opinion). To the point, at the margin, Singapore has not just become unaffordable but not worth the cost for the small marginal return at this juncture: Singapore has cornered the market in its own stock. Mr. Loo offers many examples of this. The cheap, undervalued option of Malaysia/JB is there for the taking for those who can bear some risk and exercise patience. I suspect this is why Mr. Loo advises on managing one's expectations on Malaysian property purchases. But the writing is on the wall folks. Excellent interview!
@christoper… “ Singapore…become unaffordable not worth the cost for the small marginal return at this juncture…” Granted it’s unaffordable for most Singaporean for landed properties ,in Mr Loo’s case n with his wealth, he can surely afford by leveraging but he chose not to. In terms of marginal return, I think the return will b greater in the far future due to land scarcity n if Singaporean are still chasing landed properties. If one can afford a landed property ,one should buy now,this segment of property can only appreciates in value. Finally, Sg is expensive now
@@david888a I was referring to the wider range of costs in Singapore, not just property e.g. food, COE, rent, entertainment, transportation, tax (GST) etc. So, at this juncture in 2024, what is the marginal benefit? Low crime? Stable politics? Maybe. So, imagine a small island, with high costs and marginal return sitting next to a larger land mass with resources, low costs and a large potential, long term return. The arbitrage is there if one is willing to assume the risk. Singapore remains a fantastic place if you can afford it, but how much more fantastic can it become at this point? Thanks for your feedback.
"Austin Heights like staying in Holland V". Far from it!! but look , Mr. Loo is right for most of other arguments he made, I am weighing in as someone who stayed there for school holidays with family (thank you bro Steven). but remember not to be blind sighted by "so much cheaper than an HDB. " It may be not your cup of tea. My friend later sold it as Mr. Loo said , don't expect a profit' It is a life style , it is not an investment. Holland V and vicinity is a fantastic life style and a smartest investment.
I stay in holland village. Yups , I can give you first hand experience comparing the two. Austin Heights is a far better place. The number of cafes and eateries and lifestyle concepts far exceed holland village. The chic , the creativity , the trendiness of the crowd , I think hollandV is unable to match. I can count at most 5 cafes worthy of return visit in hollandV , but austinH has much much more , easily 20 cafes that are worthy of return visit. ( and I have not yet finish exploring the place )
The Mindset of some S’poreans after they purchased the Property/Properties their priority changes. Firstly, it’s Capital Appreciation. When the market goes up, they refused to sell (usually this group is debt-free). They circling around for awhile highlighting Maintenance Fee etc.
Then you are not actually retiring yet , in 20 years what will be the situation in JB or Malaysia , who knows ? Now all we know is you are incurring extra cost keeping 2 places without renting out your Singapore home yet . Not many can afford to do that. A serious retiree would rent out the Singapore home. Apply for the MM2H . That would be real commitment
@@JOSHTANLIVE You should have asked him, does he travel there on visitor visa, in and out? The visitor visa is not for living in malaysia, so he is flirting with the law and the immigration can ban him anytime. I am shocked how come you didnt ask him such an obvious question?
Different idealogy. He buys it for his lifestyle, nothing to do with value appreciation. Going the other direction with someone who is looking for appreciation. So for those looking for appreciation, don't buy blindly.
I don’t think it’s a fair comparison and in fact misleading when u are comparing between sg and Malaysia as u are putting the exchange rate into the equation. Not everyone has the luxury of earning sgd and spending rm.
I open to purchasing property in Mlysia for retirement but for RM1.95m, i am definitely against it. I really wonder as an investment preacher, why would u purchase a RM1.95m for retirement?!
@@JOSHTANLIVE I myself oso bought Malaysia home for retirement but at RM900k at Medini. But if you were to ask me purchase RM1.95m, I will never do it.
@@eiooops it depends on many factors… own stay or investment? Resale (subsale in malaysia) or new launch? Ur age profile…. Ur capability of serving the loan… and ur capability of actively managing ur investment… it won’t be a simple yes or no answer… but one thing that one shouldn’t worry is the interest rate environment as it is out of our control and it is simply fruitle to try to predict the interest rate movement… Banks are the most financially sophiscated institutions on earth… in general, it’s a much more financially savvy investment decision if u manage to secure a mortgage from the banks…
I have a question for Mr Loo, if you buy malaysia property, will it affect your Singapore HDB, as the Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property?
Sin Gov, had annouce that they will confiscate your HDB if you buy oversea or Malaysia property? This part may have misconceptions ^ It applies only when you are buying a HDB not when already own HDB then buy overseas property Hope it answers k
Will share my 2 cents. One thing you neglected to discuss is the burden of owning a JB property if you ever choose to buy another HDB again. My parents are in this situation where they have a JB property but they are getting old and looking to downsize to a smaller HDB since a bigger home means more upkeep (worse still if your current home have a staircase which is a potential health risk). Unfortunately HDB refuses to let you buy another resale or BTO if you own JB property. You are technically forced to sell or transfer your JB property if you are looking to keep your retirement home HDB option open or be forced to go private. Now they need to transfer the property to their kids which works only if they have a specific circumstance where their children already own private property of their own/ not looking into HDB/ live in HDB but already served their MOP. I would think twice about owning Msia Property, unless you are rich enough to never consider HDB flats.
Good points . I think when Mr loo was considering buying a house in JB, he already factored in your concern of not being able to buy another HDB OR BTO in Sg, don’t think he went in blind. Also, it’s 20 years time, shit can happen in that long period,isn’t it?
Like to know more of the rules for foreigners to buy property in M’sia eg loan quantum, Type of property eg shop houses? Freehold or lease hold? Any rules or restriction for foreigners compare to Malaysian
S$600k is A BIG AMount. Throwing away this money is quite illogical as he already built them into his assumption. It tells me there is lack of confidence.
Oh....is because Mr. Loo's relative is there, therefore anything that happens still gets someone to HELP! It is not so in terms of big land and cheap..... to stay alone!
You “ CONFRONTED” him ??? 🤔 😅You sounded much more polite when asking 😂 I somewhat feels that he is contradicting himself sometimes 😅 bordering on “ haolian “😂🤣 writing off his 🏡, showing that he’s wearing expensive watch etc etc …is screaming “ look at me, I’m rich, I can afford it.. and comparing it to others buying luxury cars and handbags? … it’s a lousy example 🤣“Educating” or what he called as sharing with others on property in Malaysia and at the same breath speaking on “ no shame in staying in a HDB” Is that not contradicting? Hell it is 😂 However glorious it may seemed to be, it is still not your Country , not your HOME 🇸🇬 “ That country” did not want us, kicked us out and I will not put my $$$ in that land. Let’s just called it Patriotism 😉
Why Holan? He is giving people an option..with hdb resales flats hitting over Sgd 1 million becoming normal, you can rent out your Sg hdb flat while staying in JB
I hope most if not all SG ppl think relocating to JB/Msia is a downgrade and Lao Kui etc etc. i have done that 10yrs ago. Today i see more people doing what i did and seriously inflating prices here in Jb from houses to food and other services. How i wish i am the only singaporean here… 😵💫
@@chekeocha4923soon normal Singaporean would not b able to buy a resale HDB flat if prices keep escalating as these million $$ flats r bought by millionaires coming from the sales of their landed properties. Buying a BTO or Condos n after MOP,flipped for a few hundred thousand dollar’s profit,there’s no end to this vicious cycle n people r complaining Sg is too expensive to live? Will Singaporean by screwed down the road..I would say yes…
@@JOSHTANLIVE Its not quiet! Puteri Harbour has hoards of motorcycle bikers who do the tour around the one-way system from 9pm to midnight. they have a good time. (We residents have less of a good time). But the view is great!
One man’s meat is another man’s poison. There are many factors to consider. 1st, are you using all cash to purchase? Effective mortgage interest rate is close to 5%. 2nd, ringgit $ has been depreciating over the years, from 2008’s 2.4 to current 3.5 3rd, maintenance cost for landed properties is quite a substantial sum in Malaysia. Especially the external facades and boundary walls and landscaping. On hindsight, at least for me, you can rent. Change location every now and then, when u need a change of scenery. But if your butt is itchy, then settle for something around 2500sqft or under Rm 1 million. Just my personal opinion 😅
yolo and enjoy landed property ( since sg he cannot afford a decent side with RM1.9m ) before he die mah but jb security is overall bad. I have many relatives there from my mother side and they complained about house break ins. House breakers are known to be arrested to police station and released at the side gate, probarly they bribed the polis enough.
@@JOSHTANLIVE just no faith in their polis force. So corrupted even ask my auntie for a bribe so can release faster in 1 hour instead of detaining him for 48hrs when there is no case against her son.
A good place to buy is Eco Botanic just 10 minutes from Tuas. Awesome new township, , hundreds of cafes and restaurants, masterplan design homes. Another place nearby is Setia Eco Garden at Gelang Patah where you live in a quiet hillside with fresh air, and the corner 4 room double storey is only RM 800k, with a huge garden as big as the ground coverage of your house. These are the places where most Malaysians working in Sg buy in Jb
I bought 5 properties in JB (sold 2 and holding on to 3). I also bought 1 unit in a resort in Port Dickson. I cant think of a better place to call home than Malaysia. My income source is largely in S$. So am I concerned about Ringgit depreciation? Absolutely not! 80% of my expenses are in Ringgit. So every time Ringgit falls, my expenses becomes cheaper. So basically I earn in S$, I spend in Ringgit : )
Well, if we compare it with buying a brand new bmw or mercs, maybe it make sense as u can enjoy the house more than 10 yrs! (Other factors remain the same..)
The answer is no.I wonder what happened to principle of any Asean country licence is valid to drive in each other country.That was agreed many years ago during one of the Asean ministers meetings.
@@lamsailait4114one can still drive in any country , example, u rent a car in Australia or America while on vacation ,also Singaporean like Mr Loo or anyone else if he/they obtain the MM2H, he/they can apply for the Malaysian drivers license…
You have worsening ringgit, i don't see how the property will be a hedge against inflation. Looks like Mr Loo's go-to for the purchase is more for personal reasons. Mr Loo is right that property, luxury products etc go through cycles. You have to make the right choice at the right time to buy and sell. Not advocating speculating, but one has got to do ample research and got to know the markets well for each of these assets before they make a move to own or a move to sell them. Bottom line is - he is rich enough to splurge 1.9RM - 2.1million RM for a house and say it is ok that he is prepared to write it off. I do not think that the average singaporean can afford to do this.
@@JOSHTANLIVE agreed. So viewers and the average person have to take caution when viewing what he does. He is not the average Singaporean. The average Singaporean dual income family makes a BTO purchase and usually have to secure a 30 yr mortgage either from hdb or the bank
Josh should have done this earlier. Im65 on his own videos hadn't been forthcoming with his reasons and personal situation in the purchase. Some of his viewers might have acted on the encouragement his videos conveyed and have to live to regret it. For the kind of profile im65 is, I am very disappointed that his videos on his Malaysian property had been just to click bait people to earn a few bucks from Google at the expense of his viewers financial loss.
Horizon Hills is quite nice area in Iskandar Puteri. Close enough to Bt Indah (Pretty mature taman & 10mins away from Medini/Eco Botanic/Puteri Harbour/Sunway Iskandar/Legoland/Gleneagles Medini Hospital etc.) 25mins to JBCC/CIQ & 20mins to Tuas CIQ.
Need to consider healthcare in Malaysia is very poor standard! My ex-Malaysian friend who is a singaporean polytechnic lecturer sold his JB bungalow 10 years ago to avoid traffic jams at causeway and 2nd link in case seeking medical treatment in Singapore hospital! He is married and retired without children. He stayed in a singapore condo.
Malaysia private hospitals are in the 250 global top hospitals in the world. Of course Singapore is better but the private hospitals are a very close 2nd behind Singapore in Asia with Japan together
Mr Loo, feeling happy for your achievement. But no point repeatedly claiming Singapore is expensive to justify your decision. Claiming Singapore is expensive with the income you are getting now is very likely caused by your lifestyle. If Singapore is really so expensive, why wait 20 yrs later when u r retire then move to JB? Do it now !
But Sg now is expensive n in 20 years time when he retires it would be very very expensive…and in 20 years time without buying house in JB for RM$1.95 now, it would be much more…good decision on his part to buy now….forward looking….
