Buying a house in JB

[Guest house]

Would you buy a landed house or an apartment in JB? Is Princess Cove good since is very near the custom? 

[auscent]

Reasons have to be strong: able to stay there longer periods, not just annual leave/ long weekends; really like Msia lifestyle; has appetite to stomach ways of how things are done in Msia.

[DiDing]

I’d consider a landed house, just solely cos I like planting stuff and a good landed apartment would give me enough space and good sunlight to grow a range of stuff. But if I am going there is probably when I retire Liao.

[Guest Anthony]

40 minutes ago, DiDing said:

I’d consider a landed house, just solely cos I like planting stuff and a good landed apartment would give me enough space and good sunlight to grow a range of stuff. But if I am going there is probably when I retire Liao.

 

If you are a singaporean, how do you deal with getting a retirement/LT visa?

Doesn't make logistical sense to stamp passports every 30 days, as that will still be considered as a social visit.

[Cigna]

If landed best get a gated community with security kind. My uncle based in jb once told me his 50 plus inch tv was being stolen by burglars while his family was out for dinner. 🥲

[DiDing]

18 minutes ago, Guest Anthony said:

 

If you are a singaporean, how do you deal with getting a retirement/LT visa?

Doesn't make logistical sense to stamp passports every 30 days, as that will still be considered as a social visit.

Haha yea so far it will require more consideration and working out the details before actually going ahead with it, but that is quite some time away.

Tbh stamping the passport isn’t something I’d be too concerned with given that it’s jb and it would be good to be back often to reconnect with friends and stuff, it’s more of the, if I wanna work some sort of retirement job that would be an issue.
 

For now tho, it’s just a thought on the qn of having a landed or apt in JB. Don’t think I’ll ever have enough for a landed in sg 😬

[radiusulnar]

Sorry may be off topic but what about Philippines? Saw an article in newspaper today about people who retire there. I cannot speak Malay so think Malaysia may be more difficult than Philippines where English is widely used

[Guest Kulala Lumpur]

Why not KL? So cruisy.

[lonelyglobe]

5 hours ago, Guest house said:

Would you buy a landed house or an apartment in JB? Is Princess Cove good since is very near the custom? 

Rental in princess cove have gone up thanks to the crazy and ridiculous rental in SG. It is expected to go even further when the JB-SG MRT open up. Having said that,  there are  a lot of risk involved in buying oversea property be it in JB or elsewhere. 

[bodybuildMLY]

4 hours ago, auscent said:

Reasons have to be strong: able to stay there longer periods, not just annual leave/ long weekends; really like Msia lifestyle; has appetite to stomach ways of how things are done in Msia.

 

Additional factors to consider:

1. You must be able to blend yourself well with the locals, otherwise, if you tell everyone (directly / indirectly) you will be a moving target. Singaporeans are now under watchful eyes of the Johoreans
2. You must stay there 5 out of 7 days per week minimally. Otherwise, you're house will be a burglar target.
3. I am not too sure about home ownership there, but I know my colleagues do not have it easy and a lot of them have to sell their houses in JB.

 

What is your intention? Investment? Retirement?

[cutejack]

My colleague will be collecting her condo key in kl soon..told her its a good move. Safe n peaceful retirement soon for her n her family. 

[Guest Anthony]

5 minutes ago, cutejack said:

My colleague will be collecting her condo key in kl soon..told her its a good move. Safe n peaceful retirement soon for her n her family. 

 

M'sian properties are not good for investments, dwindling value of RM, vast land for more newer properties over time, poor maintenance of condos after the initial few years...

 

Still would 'harp' on how your colleague would retire if she is on a social visit pass to M'sia.  I should think this is the biggest stumbling block for Sporeans to move over to M'sia.

[robin]

21 hours ago, Guest house said:

Would you buy a landed house or an apartment in JB? Is Princess Cove good since is very near the custom? 

 

Most Singaporeans will consider landed as they tend to use the Singapore's experience to make the decision.  In other countries, a landed house may not be as safe as an apartment.  There is a need to consider the theft, robbery and riot cases. 

 

I have a friend who own a landed property in another country. One of the tenants killed the other tenant and burnt down the house.  If it is in an apartment and there is a fire, I believe the neighbours would have been more helpful since the fire may easily spread to their units. Also, in Indonesia, during  Ramadan period, there tend to have a spike in thefts and robberies. 

 

Edited March 19 by robin

[cutejack]

8 hours ago, Guest Anthony said:

 

M'sian properties are not good for investments, dwindling value of RM, vast land for more newer properties over time, poor maintenance of condos after the initial few years...

 

Still would 'harp' on how your colleague would retire if she is on a social visit pass to M'sia.  I should think this is the biggest stumbling block for Sporeans to move over to M'sia.

The most she will exit n fly back to kl every month I guess.

Or she might apply for PR status as the condo sold for 2mil which qualified her to get PR status? I'm not sure about that.

To me nothing is secured in life nowadays. Even here in spore, flats are being leased out to those who has not enough cash n needs it.

Imagine own flat get leased out to the owner by the Government. Good idea? Safe? Hmmm...

[Guest guest]

As quoted by a Malaysian real estate guru, property in Malaysia is not really that good of an investment for Singaporeans due to RM depreciating but might be relevant if you are looking at proximity to Singapore and a property type that would be expensive to get in Singapore e.g. freehold landed property. Maybe for safety purposes, it may be better to buy one in a gated community. Didn't see many of these in JB but the Klang Valley has some gated communities comprising landed housing.

 

PR most likely can't be attained just by buying property in Malaysia. Need to show significant length of stay in Malaysia as well as proof of employment. I'm guessing the 'long term visa' that can be attained via owning Malaysian property would be the MM2H visa which has also become more difficult to get.

 

If ROI is a big concern, then Malaysia is not a good choice. I heard many still recommending UK property if you only look at numbers.

[nate42]

While they may not yield good returns,  I think the Princess Cove is one to consider.  Given that it is FH.  Can leave it to the kids.

Something to consider for retirement.  I looked at it a few years ago.

With my wife's and my CPF Life payouts we will be looking at about SGD$2,000 per month.  Rent out our property in SG for $3500 conservatively, we will be looking at RM$18000 per month which will be super comfortable.  SG is just I.1km away.  Thomson Medical open there too.  So we can get regular treatment and use our Medisave to pay.  For more serious conditions we can always come back to SG to get treatment.

Makes good sense. 

[Guest Guest SuperNova]

On 3/18/2023 at 11:24 AM, Guest house said:

Would you buy a landed house or an apartment in JB? Is Princess Cove good since is very near the custom? 

 

On 3/18/2023 at 11:24 AM, Guest house said:

Would you buy a landed house or an apartment in JB? Is Princess Cove good since is very near the custom? 

Landed. Ultimately you want the property to appreciate in value and Malaysians don't really care for apartments.

[singalion]

13 hours ago, Guest guest said:

As quoted by a Malaysian real estate guru, property in Malaysia is not really that good of an investment for Singaporeans due to RM depreciating but might be relevant if you are looking at proximity to Singapore and a property type that would be expensive to get in Singapore e.g. freehold landed property. Maybe for safety purposes, it may be better to buy one in a gated community. Didn't see many of these in JB but the Klang Valley has some gated communities comprising landed housing.

 

PR most likely can't be attained just by buying property in Malaysia. Need to show significant length of stay in Malaysia as well as proof of employment. I'm guessing the 'long term visa' that can be attained via owning Malaysian property would be the MM2H visa which has also become more difficult to get.

 

If ROI is a big concern, then Malaysia is not a good choice. I heard many still recommending UK property if you only look at numbers.

 

Does it matter to a gay who has no kids?

 

Gays would probably buy a flat or house to live in it and not for any investment purposes in the first place or to resell the property. Why then focus on ROI?

While a landed property might be nice, but would it be the main preference for a gay guy?

 

On theft, just buy an insurance for your home.

Most newer homes, would come with safety features (card access, card on lifts etc).

 

Below are the requirements for the Malaysia second home

I find them quite straight forward.

I think any property in Malaysia would be calculated into the assets  :

 

The following sets out the main requirements for the MM2H visa.

• Age 35 and above;
• Passport must be valid for the next 24 months;
• Certified true copy of Marriage Certificate (if applying with spouse);
• Certified true copy of Birth Children’s birth certificate (if applying with children);
• Resume – outlining employment history of primary applicant and current employment
• Job and Salary Verification Letter from the employer;
• Evidence of Liquid Assets – You need to show Offshore Liquid Assets of RM1.5 million to be shown in a form of most recent 3 month bank statement.
• Evidence of regular monthly income. The minimum net offshore income of RM40,000 per month has to be shown with most recent 3 month’s pay slips and where the income is credited to;
• Letter of Good Conduct (LOGC) by a government agency where you currently live (if you have lived there several years) or your home country (usually Police Department). The original has to be submitted. All applicants above 18 years old have to have LOGC;
• Medical Report of all applicants

Note: Upon Approval, Applicant needs to open a Fixed Deposit account of RM1.0 million with any Bank in Malaysia for Main Applicant and additional RM50K for each dependent.

[Guest guest]

5 hours ago, singalion said:

Evidence of Liquid Assets – You need to show Offshore Liquid Assets of RM1.5 million to be shown in a form of most recent 3 month bank statement.

• Evidence of regular monthly income. The minimum net offshore income of RM40,000 per month has to be shown with most recent 3 month’s pay slips and where the income is credited to;

Note: Upon Approval, Applicant needs to open a Fixed Deposit account of RM1.0 million with any Bank in Malaysia for Main Applicant and additional RM50K for each dependent.

 

How many people can meet these requirements?

Also do bear in mind, these deposits will melt away faster than if you put them in SGD deposits.

[Why?]

Aiya!!!!  If you truly wanted a carefree, less expensive retirements, do it sincerely lah.   Buy a caravan in Australia, turn it into a little house, and stay close to the friendly village people for free water and eggs while still being able to take in the scenery of the mountains. Far less expensive than purchasing real property, plus you may move your home around as well.  

[singalion]

1 hour ago, Guest guest said:

 

How many people can meet these requirements?

Also do bear in mind, these deposits will melt away faster than if you put them in SGD deposits.

 

While I admit that the Ringgit might devalue further in future compared to the SGD, however interest rates are also higher in Malaysia.

 

Note that the amounts indicated were in Ringgit. Foreigners do get loans in Malaysia also.

 

 

[Mojohomme]

1 hour ago, Why? said:

Aiya!!!!  If you truly wanted a carefree, less expensive retirements, do it sincerely lah.   Buy a caravan in Australia, turn it into a little house, and stay close to the friendly village people for free water and eggs while still being able to take in the scenery of the mountains. Far less expensive than purchasing real property, plus you may move your home around as well.  

caravan is more expensive than houses and parking is an issue. i think the best is to buy a small farm. build a few small huts and rent them out as airbnb. 

[Why?]

17 hours ago, Mojohomme said:

caravan is more expensive than houses and parking is an issue. i think the best is to buy a small farm. build a few small huts and rent them out as airbnb. 

True retirements mean you no longer require additional source of income. You should not be burdened by the extra inconveniences of being a landlord dealing with difficult tenants, etc. You should live carefree. A caravan is simpler to maintain than a real house, and you may relocate it to a location with beautiful views, next to a grocery shop or a doctor's office, etc. Eventually, you can also become a member of a caravan club community where like-minded people comes together.   I hope Singapore can encourage Caravan as alternative living choice.  People who don't drive at all, can choose  to convert ship container into a living space.  I have experience visiting one of those 2-storey spruce up shipping containers,  and it was cozy. 

[singalion]

20 hours ago, Why? said:

Aiya!!!!  If you truly wanted a carefree, less expensive retirements, do it sincerely lah.   Buy a caravan in Australia, turn it into a little house, and stay close to the friendly village people for free water and eggs while still being able to take in the scenery of the mountains. Far less expensive than purchasing real property, plus you may move your home around as well.  

 

30 minutes ago, Why? said:

True retirements mean you no longer require additional source of income. You should not be burdened by the extra inconveniences of being a landlord dealing with difficult tenants, etc. You should live carefree. A caravan is simpler to maintain than a real house, and you may relocate it to a location with beautiful views, next to a grocery shop or a doctor's office, etc. Eventually, you can also become a member of a caravan club community where like-minded people comes together.   I hope Singapore can encourage Caravan as alternative living choice.  People who don't drive at all, can choose  to convert ship container into a living space.  I have experience visiting one of those 2-storey spruce up shipping containers,  and it was cozy. 

 

With or without a caravan, Australia has some strict immigration laws also. If you don't have any right to stay in Australia, it is going to be difficult after a while.

Australia grants a one year tourist visa if you have any serious reason, hospitalisation visit, close family members etc.

But otherwise you will just receive 3 months tourist visa as a Singaporean...

 

The idea of just parking a caravan in Australia anywhere is also a bit like freeloader type.

When old, you want to beg for eggs and water from neighbours?

What is if there is a technical issue with the caravan...?

 

This whole idea seems more the quality of a dream than able to be set into reality.

 

Is the caravan industry already talking about e-Caravans?

Now you switch to Caravan living in Singapore. Talk to people who own an office lorry to see where you can park and what sacrifices they need to take every day besides the costs. I don't think living in a caravan in Singapore is any realistic option . Note that those interested intend to escape the high costs of living in Singapore, this is why they consider retiring in a another country.

 

Have you actually ever staid in Singapore member Why?

I m not sure you have, because coming up with these proposals seems a bit far fetched to me.

 

More and more I am getting a feeling, that you Why? are not serious in any of your posts and just posting absurdities.

 

 

[singalion]

18 hours ago, Mojohomme said:

caravan is more expensive than houses and parking is an issue. i think the best is to buy a small farm. build a few small huts and rent them out as airbnb. 

 

Cost wise, Australia is surely not an option to retire when people here intend to escape the retirement rat race of Singapore.

[Why?]

28 minutes ago, singalion said:

More and more I am getting a feeling, that you Why? are not serious in any of your posts and just posting absurdities.

 

 

You think I am absurd?  This middle age lady will show you her middle-finger to prove a point. 

 

 

Edited March 21 by Why?

[singalion]

1 hour ago, Why? said:

You think I am absurd?  This middle age lady will show you her middle-finger to prove a point. 

 

 

Ok, you are just replying with more non relevant posts, because you want to prove a point.

 

I still think your posts are absurd when looking at your latest post.

The topic is buying a house in JB.

 

As usual you are ignoring certain facts, the lady has the right to stay in Australia, due to her immigration status (being a NZ citizen).

99.99 % of Singaporeans won't have any such status to stay longer than 3 months on a social visit pass in Australia.

 

Last point, gays who are known to socialise a lot, do you think they really want to move into the nowhere of Australia to live in a tiny house?

 

The lady said in the movie that she was fortunate for the land owner to give the space to her.

In fact, I think the reason why the land owner permitted the stay is because he  is in the business of selling tiny houses.

What Singaporean will be that lucky to get a place for free in Australia?

 

The average tiny home costs somewhere between AUS $30,000-$60,000 to build. I read for Australian cases.

 

Be aware that 1 bedroom apartments in Malaysia are on sale for 120,000 Ringgit and above... and this at the outskirts of KL even with MRT access nearby...

 

 

 

 

 

Edited March 21 by singalion

[lonelyglobe]

2 hours ago, Why? said:

True retirements mean you no longer require additional source of income. You should not be burdened by the extra inconveniences of being a landlord dealing with difficult tenants, etc. You should live carefree. A caravan is simpler to maintain than a real house, and you may relocate it to a location with beautiful views, next to a grocery shop or a doctor's office, etc. Eventually, you can also become a member of a caravan club community where like-minded people comes together.   I hope Singapore can encourage Caravan as alternative living choice.  People who don't drive at all, can choose  to convert ship container into a living space.  I have experience visiting one of those 2-storey spruce up shipping containers,  and it was cozy. 

Not all tenants are difficult, it takes 2 hands to clap.....SG also have convert 2 eleven storey JC campus into dormitory for low income single,  who know they might also have luxury room for high income single soon? Got money go everywhere also can live in heaven, no money everywhere is hell living. 

[Mojohomme]

for me the best is northern thailand. weather is good, food is good. but land can only be sold too a local. therefore have to marry a thai in order to own a piece of landed there.