Unsold completed residential properties increase by 48%

Post removed.Why?

2018-12-25 15:24

hollandking

if is me, i'll go for agriculture land, think i can do big with them.

2018-12-25 15:25

affordability is a function of interest rates.....

of course if interest rates go to 10% , all hamgar chan.....

2018-12-25 15:27

INCOME 1ST THEN INTEREST RATES LOH...!!

Posted by qqq3 > Dec 25, 2018 03:27 PM | Report Abuse

affordability is a function of interest rates.....

of course if interest rates go to 10% , all hamgar chan...

2018-12-25 15:28

Posted by stockraider > Dec 25, 2018 03:21 PM | Report Abuse

IF U TALK AFFORDABILITY THEN MSIAN GENERALLY CAN AFFORD HOUSES AROUND RM 250K & BELOW IF THEY EARN LESS THAN RM 5K PER MONTH LOH...!!

BUT MOST OF THE HOUSES ARE ABOVE THIS RANGE MAH...!!

CORRECT

RM250,000 for Malaysians due to weak ringgit

BUT 500,000 JOHOREANS ARE NOW WORKING IN SINGAPORE FOR 3X MALAYSIAN WAGE (ONE SING DOLLAR NOW RM3.04)

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens

2018-12-25 15:29

IF THEY ARE IN SPORE EARNINGS SGD 3K TO 4K IS NOTHING LOH....!!

IT IS LIKE BANGLA AND INDON EARNINGS RM RM 2.5K TO 3K IN MSIA LOH....!!

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens

2018-12-25 15:34

Posted by stockraider > Dec 25, 2018 03:32 PM | Report Abuse

IF THEY ARE IN SPORE RARNINGS SGD 3K TO 4K IS NOTHING LOH....!!

IT IS LIKE BANGLA AND INDON EARNINGS RM RM 2.5K TO 3K IN MSIA LOH....!!

SO MANY WORKING IN SINGAPORE FOR JUST S$3,000 to $4,000 are Getting Rm9,000 to Rm12,000 now

I am so happy for them as I visit Gek Poh Supermarket, Jurong Point & Everywhere in Singapore

When there go home to JB In the evening they can live like Kings & Queens

Of course little in Singapore

But All these Banks

Public Bank
Hong Leong Bank
MAY Bank
RHB BANK
UOB BANK
HKSB BANK
STANDARD CHARTERED BANK
CIMB BANK
AMBANK

Happily lend monies to anyone working in Singapore with just only

S$2,000 (Rm6,000) a month

SO THAT'S WHY JOHOR IS SO BOOMING

2018-12-25 15:36

IN ORDER FOR JOHOR TO REALLY PROSPER N CLEAR THEIR EXCESS OVERHANG PROPERTIES, THEY REALLY NEED REAL SPOREAN AND CHINA CITIZEN TO REALLY BUY PROPERTIES AND DO BUSINESS THERE AND STAY IN JOHOR LOH...!!

THE JOHOR SULTAN REALIZED THIS, BUT MAHATHIR STOP IT BCOS OF UNFOUNDED NATIONAL PRIDE LOH.....!!

2018-12-25 15:39

See how they even walked to Singapore for work

https://www.google.com/search?q=walking+across+the+cause+way+photo&tbm=isch&tbo=u&source=univ&sa=X&ved=2ahUKEwjXjfjnvLrfAhVMvI8KHdSuBqkQsAR6BAgBEAE&biw=1920&bih=938#imgrc=bDozZPlD0eN2_M:

2018-12-25 15:39

Is there anywhere in Whole of Malaysia? Or planet earth today where people wake up at 4am in the morning to queue for bus?

See

http://www.johorinvestment.com/waiting-for-cw6-bus-from-nusajaya-to-jurong-singapore-at-4am/

2018-12-25 15:43

ZHUHAI AND MACAO I NOTICE IS LIKE SPORE N JB.

ALSO BATAM & SPORE TOO.

2018-12-25 15:46

what kind of life is that? pitiful

2018-12-25 15:46

IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!!

BY HAVING GOOD EARNINGS THRU HARD WORK & SAVING UP....THAT HOW THEIR LATER GENERATIONS GAINING A BETTER LIFE LOH....!!

Posted by qqq3 > Dec 25, 2018 03:46 PM | Report Abuse

what kind of life is that? pitiful

2018-12-25 15:51

Posted by qqq3 > Dec 25, 2018 03:46 PM | Report Abuse

what kind of life is that? pitiful

WHAT KIND OF LIFE?

MY FRIEND MR SOH LIVES IN TAMAN REDANG, A MIDDLE CLASS ENCLAVE NEAR TMN MOLEK. TMN REDANG HOUSES ARE PRICED AR RM500K BECAUSE IT IS LEASEHOLD BUT G&GUARDED

HE HEARD ONE NEIGHBOUR IS DRIVING A NEW MERC BENZ. UPON ENQUIRY THE SECURITY GUARD TOLD HIM THE GUY WHO OWNS THE MERC BENZ IS ACTUALLY A BUS DRIVER IN SINGAPORE!!!

IN MALAYSIA A BUS DRIVER COULD MOST PROBABLY AFFORD A PROTON SAGA OR WIRA

2018-12-25 15:54

stockraider > Dec 25, 2018 03:51 PM | Report Abuse

IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!!
============

I don't think life in 2018 is same as great grand father time......

2018-12-25 15:54

IT IS NO DIFFERENT IN 2018, IF PEOPLE WANT TO BUILD A BETTER FUTURE, THE SAME OLD FORMULA STILL WORK, THRU WORKING HARD & TOUGH LOH....!!

Posted by qqq3 > Dec 25, 2018 03:54 PM | Report Abuse

stockraider > Dec 25, 2018 03:51 PM | Report Abuse

IS NOT THAT PITIFUL MAH....IF U LOOK AT YOUR GREAT GRAND FATHER COME TO MSIA TO WORK.....DURING THE OLD DAYS THE CONDITION IS EVEN MUCH WORSE LOH.....!!
============

I don't think life in 2018 is same as great grand father time......

2018-12-25 15:57

Actually many Malaysians left for Japan, Europe, Dubai, USA or Australia to work for high wages before coming home to start businesses in the 70s and 80s

This same thing is happening now in Singapore.
More than half million Malaysians are working in Spore for high wages.
They remit these funds to buy houses in Perak, Kedah, Negri Sembilan, Pahang, Sarawak, Malacca, Sabah and of course the bulk of them all is buying houses in Johor

Mostly energetic young adults of 20 to 40 years old

After spending 10 to 20 years building up capital they return home to start their own businesses

I know of many business owners in Johor worked in Singapore to build up capital and then became own Boss later in Iskandar

They no longer go to Singapore for work for a salary

In fact many who own businesses in Johor now employ workers for their business

Life then has become less stressful and very rewarding

2018-12-25 16:27

I also know many of these businessmen and businesswomen invest in multiple properties in Iskandar as they see them as a store of value.
They also see the potential for these assets to appreciate upward for many years to come

2018-12-25 16:30

CORRECTLOH....IF U WANT TO HAVE GOOD LIFE N LIVE REASONABLE WELL, U NEED TO BE EITHER VERY PANLAI OR VERY HARD WORKING LOH...!!

NOT MANY PEOPLE CAN BE VERY PANLAI, BUT ALOT PEOPLE CAN BE VERY HARD WORKING MAH.....!!

2018-12-25 16:39

hollandking

actually my granfather got lots of lands, but my relative usurped the lands. Is really lots of land, these lands were acquired long long ago. Whenever i think about this, i get very angry.

2018-12-25 17:24

https://www.theedgemarkets.com/article/median-house-price-malaysia-rises-3q18

why price still going up?

2018-12-25 17:29

Price goes up due to fallen ringgit

Most construction tools, fittings, lighting's, wirings, decorative stuff are imported especially from China

So when China raise prices they become more expensive

Another reason is the high hidden cost of getting foreign labour legally. As wage cost increase nowadays a daily wage foreign worker (legal) is more than rm80 a day. Local workers want anything from rm100 to Rm150 a day. Highly skilled ones have left for Singapore

So prices remain elevated

Now if there is a crash like 1997/8 then everything will also crash in tendum. Only the most defensive and highly desirable locations will hold up it's value then.

2018-12-25 17:45

rich people curi curi buy,like they accumulate stocks,diam diam beli

2018-12-25 17:49

Calvin, why your countrymen not investing in iskandar houses since you describe it is value for money?

2018-12-25 17:52

property price fall or unsold depend on location too.a few of my frens are property brokers in penang,they told me the market still ok.they also told me still a lot of rich people invest in penang properties

2018-12-25 17:53

value for money or value for staying? Iskandar rental yield good or not? butterworth big houses cheaper than penang but rental yield very low

2018-12-25 17:55

Malaysian with Singapore PR can afford ma..
Isn't it better to stay a bigger house compared to HDB flat? Furthermore they are earning power in SGD is more affordable compared to most of us earning MYR

2018-12-25 18:00

Alex™

Yes... When house price can turun?

2018-12-25 18:01

penang many rich people,turun no wanna sell.....hehe

2018-12-25 18:03

johor turun can sell lah cos huge landbank

2018-12-25 18:04

Feimah

Lots of Singapore and are buying in Horizon hills
And lots more Singaporean PR (Malaysian) living in Singapore are also buying

Above all many Johoreans and non Johoreans working in Singapore are also buying Johor landed properties

In fact wherever there are landed houses priced attractively by Mahsing, Keck Seng, Pelangi Bhd, Scientex or in Tmn Mutiara Rini by Boustead long queues will form overnight.

All these houses will be sold within one or two hours during launching

So there is huge demand for houses priced below rm500k

Only problem is most developers like Ksl, Crescendo, E&O, Plenitude, Daiman and even Uems are building houses with price from Rm700,000 to over Rm1.6 Millions

If they will reduce their prices to Rm500,000 they will sell like hot cakes in no time

2018-12-25 18:05

penang pula terbalik,cheap one people no wan cos place lousy....hehe

2018-12-25 18:12

Calvin, those houses selling >700k are bigger compared to 500k houses mostly non gated. Developers may cut conners on those 500k hse, road access may not be good n maybe owners need to incur higher renovation cost.

2018-12-25 18:15

Houses priced below rm500,000 might be without frills. But they are affordable and easier to get financing by banks
Developers should therefore build what the market wants

2018-12-25 18:26

depend on the rental yield lah

2018-12-25 18:27

I see you point.

2018-12-25 18:38

Rental yield in Johor now moving up very strongly due to these factors

1. HUGE FDI CREATED TENS OF THOUSANDS OF NEW JOBS. MANY PEOPLE FROM OTHER STATES HAVE MIGRATES TO JOHOR. LEADING TO MORE DEMAND FOR RENTAL HOUSES

2. SINCE MOST DEVELOPERS BUILT HIGHRISE CONDO THERE IS A LACK OF NEW HOUSES. SO SUPPLY OF HOUSES NOT CATCHING UP. LEADING TO LACK OF NEW SUPPLY

3. AND IN SINGAPORE THERE IS ENBLOC FEVER. MANY OLD CONDOS WITH BIG LANDS HAVE BEEN COLLECTIVE SOLD FOR REDEVELOPMENT. SO LESS CONDOS MEAN MORE DEMAND FOR RENTAL PROPERTIES

4. NOW ONE SMALL ROOM RENTAL IN A HDB FLAT IS PRICED FROM S$600 (LOWEST PRICE AVAILABLE) WHICH IS RM1,800
ROOM RENT IN CONDO IS RM3000
SO MANY MALAYSIANS HAVE DECIDED TO WORK IN SINGAPORE AND LIVE IN JOHOR

5. AND SO WITH DEMAND FROM WORKERS IN SINGAPORE AND NEW MIGRANTS FROM OTHER STATES RENTAL PRICES IN JOHOR HAVE ALSO MOVED UP BY 50% TO 100%

6. WITH STRONG SING DOLLAR NOW ONE SING DOLLAR EQUALS RM3.04 MANY SINGAPOREANS ARE FLOCKING TO JOHOR SHOP, WASH HAIR, WASH THEIR CARS AND OTHERS. LEADING TO EVEN HIGHER DEMAND FOR RENTAL

7. SO THESE ARE THE FACTORS. IMMIGRANTS FROM ALL OVER DUE TO HUGE FDI.
HIGH SING DOLLAR ATTRACTS EVEN MORE WORKERS. HIGH SING DOLLAR ALSO SPUR MORE SPOREANS TO VISIT JOHOR. ENBLOC IN SPORE CAUSE CONDO SCARCITY. STRONG SING DOLLAR CAUSE PURCHASING OR RENTAL POWER TO RISE AMONG THOSE WORKING IN SPORE BUT STAYING IN JB. LACK OF NEW LANDED HOUSES FOR RENT DUE TO MISMATCH OF BUILDING TOO MANY UNWANTED HIGHRISE CONDOS

ALL THESE AND MORE WILL PROPEL RENTAL TO SPIKE UPWARD

2018-12-25 18:44

I thought u can rent a double house in horizon hill jb with rm 1800 per mth with property costing rm 700k giving a yield of 3% pa...i think reasonable loh....!!

2018-12-25 18:58

penang time square 650k rental 2.2k,condo more better rental yield than house.....hehe

2018-12-25 19:01

For horizon hill those early birds bought 2 storey houses cheap around Rm300k.

Now sitting on good rental
https://johor-bahru-real-estate.com/2015/02/02/renting-link-houses-in-horizon-hills-johor/

Condos in KL Sri Petaling were rented out for Rm1200 when Cost was Rm150K

Landed 2 storey houses also cost Rm150K but rental only Rm550

That was year 1991 (27 years ago)

Today 2 Storey houses have reached Rm800,000 while Condo price still languish around Rm300K

So short term Condo in KL or Penang performs better in rental. But longer term will lose out on Capital Appreciation to Landed houses always

2018-12-25 19:13

U must take into account of compulsory monthly management maintenance fees to calculate ur return on condo & apartment mah...!!

2018-12-25 19:21

Yes there are hidden dangers in Condo

1) High Service fees which could go up year after year in hands of incompetent management. So after deducting fees from rental yield could drop

2) If too many condos competing for rental then it will be a race to the bottom

Mr. Law the Top Boss pf OSK-ISKANDAR Told Me His True Experience

He bought a Condo in Permasville Johor for Rm290K. After spending Rm30k to Rm40K (His cost Rm330K) he managed to rent it out to a manager for Rm1,900 a month or 6.9% gross yield

But then the 1st tenant shifted out and he got a 2nd tenant. A supervisor for Rm1,700. After one year the Supervisor, too, moved out. Now his furniture/fittings already 2 years old. He managed with some difficulty finding a 3rd tenant for only Rm1,400

This is what he said

The Quality of tenents & rental dropped year by year

From Manager to Supervisor and then To Worker commuting daily for work in Singapore

And rental yield also dropped from Rm1.900 to Rm1,700 & then to only Rm1.400

So he decided to sell off the Condo

It was sold off for Rm330K (His cost after 3 trying wasted years(

The New buyer got it valued at Rm370K and 90% loan is Rm333K.

So the buyer is gettting more than his purchase

Both Mr Law & The Buyer were happy

Now the buyer will start to regret as price from Johor High Court auction has fallen below Rm300k and still falling some more

2018-12-25 19:45

See this Permas Ville Condo for auction at Reserve Price of Rm255K only

https://www.propertyguru.com.my/property-listing/permas-ville-apartments-for-sale-by-richard-lim-29042041?ref=ls%7C%7C2%7C1

2018-12-25 19:49

This Permas Jaya condo can get rental Rm 1400 per month ??

2018-12-25 20:02

Permas ville condo currently advertised in Property guru for rent as low as rm1000 to rm1200 now

2018-12-25 20:25

Merry Christmas

Invest defensively

2018-12-25 21:25