Penang Property - Can buy or Bye Bye? From a Singapore Buyer Perspective 

Great presentation 🎉! Subscribed!

you are clear, concise and funny.

As for Batu Lanchang property example you used and asked why so many people trying to sell. The answer is this property is very popular amongst foreigners especially Japanese because it is close to the wet market and town. These foreigners are selling because these owners are likely on MM2H scheme and they are affected by the recent changes in the regulations governing this scheme especially with the amount of deposits they have to place in Ringgit in the bank. The deposit has been raised to RM500,000 , RM1,000,000 or RM$2,000,000. Before the change it was RM150,000 . Even at RM150,000 deposit MM2H participants would have lost RM$50,000 or more depending on when they joined the scheme because the currency has depreciated. So to retire in Malaysia is not as simple as you described . You need to do alot of homework and there is a high risk because the uncertainty of future changes to the immigrartion scheme which may drastically affect your financial plans

I bought property in JB 39 years ago at 1SGD=1.1RM. I sold it 5 years ago at 400% of my purchase price and exchange rate was 1SGD=3RM. My loan rate was 10% for a 15-year loan. FYI, a 4-rm hdb was only 40+K...! Today it's 400K...! Big mistake for me.

Singaporean buy properties in Malaysia for what? How long you want to stay in Malaysia? To get PR (permanent residency) ? Citizenship? In time, ypu still have to come back to Singapore. So, just rent lah.

You have missed out on a critical factor the depreciation of ringgit . If you translate the value bought 10 years ago and the value of the same property sold today you can see that in your foreign currency like S$ the appreciation is not 16%. This must be taken into account when analysing overseas properties because Singaporeans will be changing their S$ into Ringgit to fund the purchase

Penang property can buy!!

Need long term visa to stay in Msia

Data is far off than actual case, in penang island, lots of condo are above rm500k, and if can afford to buy 1 million condo, doesnt mean we can push ourselves to buy 1.4 mil landed, because that is another extra 400k to pay. Anyhow.. the data show for penang, is not too accurate, go to tanguh bungah and gurney area, the condo price will blow your mind, even there are lots of condo more than 2 to 3 million.

We cannot buy overseas property if we are staying in hdb in Singapore right?

Come lah🎉🎉🎉

hi wee can do a video for ipoh too>

Covert the currency rate in 2013 and now... lose until lao sai

Is Tony Phuah your relative ?

It’s Girl-nee drive, not goo-nee.

Malaysian properties are a waste of time. Only good for buying for own stay. Forget abt capital gains or rental yields