Property in Johor

[HP_Lee]

Whether or not one wish to buy property in Johor, there is no such as good or bad idea. It's all voice down to fitting of ones profile. I had bought one landed property in mid 2000, and rented out till I sold in 2014. Just before, I sold the rental yield was around 14.5%. On top of this, the appreciation of property from RM350 to almost RM2mil. Even with the depreciated current to 2.56 at that time, is still a worthwhile venture.

Back than ppl said I was crazy when I bought in 2000s. But in Today's context, one just have to be careful when buying in JB. Buy small projects with few hundred unit and below. Try to avoid those with integrated or township kindly of gimmicks., that comes with shopping plazas. Once, there are not enough population to sustain the retailers, one day you see ghost shopping plazas. This will have an impact on property price. Also developments with shopping plazas, will tend to have higher crimes than those away.

 Watch out those that are very near to Singapore that are selling RM600k and above. In general, local middle class can only afford btw RM400k - RM600k at maximum.

No one will want to buy from the seller at RM2mil and above. Unless is a big plot of land with great view. Even though, I was merely able to sold mine at less than RM2mil to a businessman previously. Always have in mind on exit strategy whether is buying local or overseas property. JB is not as bad as what the social media has proclaims. Country is big, that is why you see more crimes as compared to Singapore. But if you use numbers represented in percentage, than you view differently.

[Lava]

due to the nature of my job I have the opportunities to live outside Singapore, eg, south Africa - Johannesburg, china - hk - sz, Malaysia - jb. I am not keen in buying overseas property due to currency control, too far away from home... until about 4 years ago, I had decided to purchased 2 pieces of properties in jb for long term investment and own stay.

 

I have a relatively small family therefore will never consider landed property. condo will be my first priority no doubt that landed property has a better appreciation value. just have to keep in mind that buying property in Malaysia must has the ability to hold it for longer term, and has to be extreme careful if you wish to rent out your property aiming for some return. open out your eyes when come to selecting and managing your tenant. you may wish to know that under the Malaysia law, you are not allow to drive out your tenant fail to pay you his or her rental. a court order has to be obtained and this could take you months before you can legally "invite" he or she out of your property.

 

location and developer also play an important role to withhold the property value. perhaps one may consider east ledang and putire harbour area. different developer give you different building, finishing and property management quality, therefore selecting and more established developer can help to maintain your property value.

 

the financial structure in Malaysia is quite ok, and with their natural resources and keep on improving hardware and software capability, I think the challenges ahead of us will not be easy.

[HP_Lee]

Another thing to add on. I sold mine, because Australia properties is more attractive. So re-cycle capital to Australia mainly due to the following factors :

 

1. Johor property price have shot up to the roof, that have not been tested before.

2. Australia had an economy crises

3. Australian dollar suffered

4. Australian properties at certain places when bust to certain extend.(Not referring to central core)

 

 

Whether or not one wish to buy property in Johor, there is no such as good or bad idea. It's all voice down to fitting of ones profile. I had bought one landed property in mid 2000, and rented out till I sold in 2014. Just before, I sold the rental yield was around 14.5%. On top of this, the appreciation of property from RM350 to almost RM2mil. Even with the depreciated current to 2.56 at that time, is still a worthwhile venture.

Back than ppl said I was crazy when I bought in 2000s. But in Today's context, one just have to be careful when buying in JB. Buy small projects with few hundred unit and below. Try to avoid those with integrated or township kindly of gimmicks., that comes with shopping plazas. Once, there are not enough population to sustain the retailers, one day you see ghost shopping plazas. This will have an impact on property price. Also developments with shopping plazas, will tend to have higher crimes than those away.

 Watch out those that are very near to Singapore that are selling RM600k and above. In general, local middle class can only afford btw RM400k - RM600k at maximum.

No one will want to buy from the seller at RM2mil and above. Unless is a big plot of land with great view. Even though, I was merely able to sold mine at less than RM2mil to a businessman previously. Always have in mind on exit strategy whether is buying local or overseas property. JB is not as bad as what the social media has proclaims. Country is big, that is why you see more crimes as compared to Singapore. But if you use numbers represented in percentage, than you view differently.

 

Edited April 11, 2016 by HP_Lee

[Wyfitms]

Those who are pessimist against Forrest City, I suggest you drive to the showroom and take a look.

 

You will be darn surprised.

 

were you surprised? Did you invest?

 

I have not seen the location, just viewed some pics online

 

To me, china developer + reclaimed land + over 300K units = bad idea

 

understand target market is chinese buyers & singaporeans (just like dunga bay)

 

i wouldnt want to take part in an enormous washing machine party. just my view, i could be wrong 

Edited April 11, 2016 by Wyfitms

[HP_Lee]

Darn Surprised???

 

I have previously invested in Malaysia and know what should touch and not., aleast to certain extend. My advice, very one wanted to touch Forrest City. Think again.....

 

I visited the showroom too. Wow!!! It's far more impressive than those in Singapore. They have buffer served!!! Buttt.......... Be careful of those with large number of units. Do your homework , like population and demographics of JB.

 

My view of this project is very very scary.  

 

Those who are pessimist against Forrest City, I suggest you drive to the showroom and take a look.

 

You will be darn surprised.

 

[Wyfitms]

Darn Surprised???

 

I have previously invested in Malaysia and know what should touch and not., aleast to certain extend. My advice, very one wanted to touch Forrest City. Think again.....

 

I visited the showroom too. Wow!!! It's far more impressive than those in Singapore. They have buffer served!!! Buttt.......... Be careful of those with large number of units. Do your homework , like population and demographics of JB.

 

My view of this project is very very scary.  

 

eh, better page for your @Porker to cum give u english lesson 

[HP_Lee]

eh, techer Wyfitms please help to correct my England. I need an "A".

 

He did a corrected . You are techer 2. My boy

 

 

eh, better page for your @Porker to cum give u english lesson 

 

[LPPL]

were you surprised? Did you invest?

 

I have not seen the location, just viewed some pics online

 

To me, china developer + reclaimed land + over 300K units = bad idea

 

understand target market is chinese buyers & singaporeans (just like dunga bay)

 

i wouldnt want to take part in an enormous washing machine party. just my view, i could be wrong

You buy iskandar you will get stuck, your unit will be incredibly hard to offload to locals who are generally more keen to buy a house that sits on a land and freehold. Your only chance is selling to a foreigner in future but suckers are very hard to find especially when new developments will keep springing up non stop for years to come. Unless you really love johor, don't buy any property there in the hope of making money now. Those who bought in the early 2000s are laughing to the bank coz prices were dirt cheap then, but it is not the case now. Even the township of mont kiara in the capital KL is seeing terrible sales for new projects and that is supposed to be an upscale neighbourhood. If upmarket mont kiara in the capital of Malaysia is not doing well, i seriously won't expect iskandar which sells plenty of 99yr leasehold airspace to be doing well. Johor may be very close to Singapore, but in property terms, it is really a world apart.

[HP_Lee]

Wah! 99 years leasehold is a very bad idea in JB. To summarized things to look for when buy property is JB :

 

1. Avoid Township like developments.

2. Avoid many developments around the area.

3. Look for small developments, where mostly local executives are buying to stay.

4. Price point not more than RM500-600k for apartments with size aleast 900-1k+ sqft. For investment purpose and not often staying there.

5. Avoid developments near malls. Tend to have high crime rate.

6. Look for freehold.

7. Avoid buy landed property, if mainly for investments. Previously before I sold mine, my tenant told me, house break-in twice in a snap of 6 years, even with gated compound.

8. Look for smaller town location, but near city and industrial area. This are where the grow is.

9. Avoid investing those just opposite of Singapore or very near to Singapore. No one will buy from you at RM800 and above. Maybe if one can wait for 20-30 years time.

10. Popular developers tend to sell you high price. There are some mid-tied who are good developers too.

11. Never pay full in cash. This is to hedge against depreciation of currency, that will indirect give ones a discount to the actual price of purchase.

12. Go for flex-loan. This used that many years ago.    

 

In Malaysia, not all locations are invest-able. As long as one have gone through due-diligence, the cost of servicing a property is more worthwhile, than throwing all eggs into the property you stay, whether in Singapore or other places. Likewise, I have purchased a condo in Australia recently for my possible retirement. And planning one more in SIngapore or Johor for opportunistic buy, depending on attractiveness. So I may revisit Malaysia too.

 

 

You buy iskandar you will get stuck, your unit will be incredibly hard to offload to locals who are generally more keen to buy a house that sits on a land and freehold. Your only chance is selling to a foreigner in future but suckers are very hard to find especially when new developments will keep springing up non stop for years to come. Unless you really love johor, don't buy any property there in the hope of making money now. Those who bought in the early 2000s are laughing to the bank coz prices were dirt cheap then, but it is not the case now. Even the township of mont kiara in the capital KL is seeing terrible sales for new projects and that is supposed to be an upscale neighbourhood. If upmarket mont kiara in the capital of Malaysia is not doing well, i seriously won't expect iskandar which sells plenty of 99yr leasehold airspace to be doing well. Johor may be very close to Singapore, but in property terms, it is really a world apart.

 

[LPPL]

Wah! 99 years leasehold is a very bad idea in JB. To summarized things to look for when buy property is JB :

 

1. Avoid Township like developments.

2. Avoid many developments around the area.

3. Look for small developments, where mostly local executives are buying to stay.

4. Price point not more than RM500-600k for apartments with size aleast 900-1k+ sqft. For investment purpose and not often staying there.

5. Avoid developments near malls. Tend to have high crime rate.

6. Look for freehold.

7. Avoid buy landed property, if mainly for investments. Previously before I sold mine, my tenant told me, house break-in twice in a snap of 6 years, even with gated compound.

8. Look for smaller town location, but near city and industrial area. This are where the grow is.

9. Avoid investing those just opposite of Singapore or very near to Singapore. No one will buy from you at RM800 and above. Maybe if one can wait for 20-30 years time.

10. Popular developers tend to sell you high price. There are some mid-tied who are good developers too.

11. Never pay full in cash. This is to hedge against depreciation of currency, that will indirect give ones a discount to the actual price of purchase.

12. Go for flex-loan. This used that many years ago.

 

In Malaysia, not all locations are invest-able. As long as one have gone through due-diligence, the cost of servicing a property is more worthwhile, than throwing all eggs into the property you stay, whether in Singapore or other places. Likewise, I have purchased a condo in Australia recently for my possible retirement. And planning one more in SIngapore or Johor for opportunistic buy, depending on attractiveness. So I may revisit Malaysia too.

I will avoid johor altogether unless the price revert to the early 2000s type of price. I can't see rental yield prospects or cap gain. Most of those johor investors who made money were those that entered early and have already exited.

[Porker]

eh, better page for your Porker to cum give u english lesson 

 

We can both give him English lessons and he can buy us a buffer meal at Ritz Carlton. Right or not Ah Lee aka @hp_lee? 

[Wyfitms]

We can both give him English lessons and he can buy us a buffer meal at Ritz Carlton. Right or not Ah Lee aka @hp_lee? 

 

i can have the meal and you can carry on with Mr Lee in his suite upstairs 

[HP_Lee]

You are right in some ways. But back to early 2000s? Wait long long.

I will avoid johor altogether unless the price revert to the early 2000s type of price. I can't see rental yield prospects or cap gain. Most of those johor investors who made money were those that entered early and have already exited.

 

Ok lah . ok lah..

 

 

We can both give him English lessons and he can buy us a buffer meal at Ritz Carlton. Right or not Ah Lee aka @hp_lee? 

 

Aiyo. My teacher Porker is not that bad lah. Don't paint him dirty, teecher Wyfitms.   

 

i can have the meal and you can carry on with Mr Lee in his suite upstairs 

 

Edited April 13, 2016 by HP_Lee

[Donut]

You are right in some ways. But back to early 2000s? Wait long long.

 

Ok lah . ok lah..

 

 

 

Aiyo. My teacher Porker is not that bad lah. Don't paint him dirty, teecher Wyfitms. 

 

I came across this FH development in JB. 

 

Price looks pretty reasonable for a double storey bungalow, from 700k RM to 900k RM.

 

Any comments about this?

 

IJM developer. is this a good developer?  Based on their website, looks very established.

 

And how about the location?  I'm not familiar with Austin area.

[Lava]

what abt investing a semi-d at leisure farm (those built along the pond)?

 

I think it cost ard rm1.6m

[Mockngbrd]

They sure like giving u free SPA

[HP_Lee]

Hi Bro, I am still looking around, after just settled my Australian unit. I did hear of this developer. Quite ok. I am new to this area that you mentioned. Happen to pass-by and it looks pretty new estate and looks nice. The price look ok, because is further in and also not far from Singapore. Is it gated?

 

 

I came across this FH development in JB. 

 

Price looks pretty reasonable for a double storey bungalow, from 700k RM to 900k RM.

 

Any comments about this?

 

IJM developer. is this a good developer?  Based on their website, looks very established.

 

And how about the location?  I'm not familiar with Austin area.

 

[Donut]

Hi Bro, I am still looking around, after just settled my Australian unit. I did hear of this developer. Quite ok. I am new to this area that you mentioned. Happen to pass-by and it looks pretty new estate and looks nice. The price look ok, because is further in and also not far from Singapore. Is it gated?

according to brochure, it says gated.

 

did you see any power tower and lines ard there?  I hate to stay near these things.

 

Let me know if u find out more info abt this development.