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Buying a house in JB


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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.

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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.

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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 😬

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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. 

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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?

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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.

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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 by robin
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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...

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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.

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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. 

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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.

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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.

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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.

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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.  

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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.

 

 

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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. 

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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. 

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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.

 

 

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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.

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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 by Why?
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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 by singalion
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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. 

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  • 1 month later...
On 3/18/2023 at 3:46 PM, DiDing said:

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 😬

just go for landed

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Guest guest

Buy a house in JB? You must able to stay there often, if buy just to go there over the weekends or PH to stay and left the house empty for most of the time, i would not think it is a good choice. Esp if there is another covid episode happen again, and border close for months, your JB house no one take care and become a ghost house, better don't waste your money buying. Rather buy a house in sg.

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22 minutes ago, Guest guest said:

Buy a house in JB? You must able to stay there often, if buy just to go there over the weekends or PH to stay and left the house empty for most of the time, i would not think it is a good choice. Esp if there is another covid episode happen again, and border close for months, your JB house no one take care and become a ghost house, better don't waste your money buying. Rather buy a house in sg.

I guess it’s more of a retirement plan. Don’t think I’ll be able to go back and forth while working either

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  • 2 weeks later...

The JB R&F Princess Cove developer is the GuangZhou R&F Group (listed on the HK Stock Exchange. https://www.bloomberg.com/quote/2777:HK#xj4y7vzkg )
The stock is trading at historical lows which isn't a good sign.

On 28 May 2023, SCMP posted the below article.  where it askes whether R&F Group can avert a collapse with its overseas development.  For guys considering the development, you go in with your eyes open.

______________



https://www.scmp.com/business/article/3222001/rf-group-finds-silver-lining-upbeat-overseas-property-markets-it-enough-avert-collapse

R&F Group finds a silver lining in upbeat overseas property markets, but is it enough to avert a collapse?

  • R&F is marketing projects in London, Australia, Malaysia’s Johor Bahru and in Cambodia’s capital Phnom Penh amid upbeat market conditions there
  • The company’s development in Malaysia could benefit from pricier Singapore market

    28 May 2023

Guangzhou R&F Properties, one of China’s most indebted developers, is capitalising on upbeat sentiment in overseas markets where some of its projects are located, to inject some relief into its operations and improve its creditworthiness at a time when the sector is experiencing sluggish conditions in China.

The debt-stricken group is marketing projects in London, Australia, Malaysia’s Johor Bahru and in Cambodia’s capital Phnom Penh and leveraging buoyant market conditions in these markets, Garry Yau, R&F Group’s Hong Kong regional sales and marketing director, told the Post.

“The local markets in which some of the company’s projects are located have been booming recently. As the pandemic has passed, the market [momentum] has resumed,” said Yau, while highlighting the R&F Princess Cove project in Malaysia, which has seen Singaporeans and Malaysians rushing in to buy.

R&F Properties, set up in 1994, began rolling out its global strategy in 2013. It is now one of China’s largest property companies with operations in China, Malaysia, Australia, the United Kingdom, Cambodia and South Korea.

Yau’s comments follow a difficult year when it completed a debt restructuring involving 10 tranches of US-dollar denominated notes, totalling around US$4.9 billion.

The company said in its financial report in March that with unprecedented negative sentiment in recent years, various forms of refinancing were impractical.

“Hence, the group began assessing alternative options and engaged creditors early to seek a workable solution,” it said in the report, referring to its debt overhaul.

The company, which was unable to repay certain bank and other borrowings of 1.963 billion yuan in January this year, was classified by Fitch Ratings as “in default on certain bank and other borrowings”.

The ratings agency said the company had completed 4.9 billion yuan of asset disposals in 2022 and more sales could emerge.

“We expect further asset disposals to provide additional liquidity. The company continues to seek opportunities for asset disposals, and believes its hotel portfolio can attract investor interest,” Fitch said.

The company acknowledges the challenges it is facing.

“Under a difficult economic environment and financial turmoil, the group had to explore alternative means of sourcing liquidity. Over the past 18-months, the group had been disposing assets in China and overseas as a means of generating cash flow,” the company said in its financial statement published in March.

Yau said the company’s Malaysian developments could benefit from the pricier market in Singapore.

The company’s R&F Princess Cove project is located in Johor Bahru, which is close to Singapore, and suitable for those priced out of the island state’s surging property market. Singapore’s limited land reclamation potential and soaring housing rents had had a “spillover effect” in Johor Bahru where residential property prices are a lot lower.

Yau drew parallels with Shenzhen. “Singapore-Johor Bahru is like the Southeast Asian version of Shenzhen-Hong Kong”. It is located on top of the Johor Bahru–Singapore Rapid Transit System Link which is set to become operational in 2026, he said. Cecilia Wong, business development director at Penta Global, said Malaysian property was attracting interest from buyers looking to purchase retirement homes.

In R&F’s project in Cambodia capital Phnom Penh, where over half of the total 5,000 units have been sold at US$1,900 to US$2,100 per square metre, a third of the buyers are from China and Cambodia each. Real estate agency Fortune International said buyers were attracted to Cambodian property markets because of the low prices and the country’s favourable demographics.

 

 
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Guest bana
On 5/20/2023 at 12:42 AM, begleitung said:

house in sg is small n not worth it

 

actually the older i am now, i prefer small house that easy to take care off, this body can't up keep with big house especially landed one lol.

unless im rich enough to hire maid, but then even im rich enough i prefer do thing on my own than always relies on someone else.

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Guest Guest
On 3/18/2023 at 11:27 PM, 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...

 

 

True.....If you know math, houses in JB are not good for investment. 

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Guest Tree
6 hours ago, HendryTan said:

The JB R&F Princess Cove developer is the GuangZhou R&F Group (listed on the HK Stock Exchange. https://www.bloomberg.com/quote/2777:HK#xj4y7vzkg )
The stock is trading at historical lows which isn't a good sign.

On 28 May 2023, SCMP posted the below article.  where it askes whether R&F Group can avert a collapse with its overseas development.  For guys considering the development, you go in with your eyes open.

______________



https://www.scmp.com/business/article/3222001/rf-group-finds-silver-lining-upbeat-overseas-property-markets-it-enough-avert-collapse

R&F Group finds a silver lining in upbeat overseas property markets, but is it enough to avert a collapse?

  • R&F is marketing projects in London, Australia, Malaysia’s Johor Bahru and in Cambodia’s capital Phnom Penh amid upbeat market conditions there
  • The company’s development in Malaysia could benefit from pricier Singapore market

    28 May 2023

Guangzhou R&F Properties, one of China’s most indebted developers, is capitalising on upbeat sentiment in overseas markets where some of its projects are located, to inject some relief into its operations and improve its creditworthiness at a time when the sector is experiencing sluggish conditions in China.

The debt-stricken group is marketing projects in London, Australia, Malaysia’s Johor Bahru and in Cambodia’s capital Phnom Penh and leveraging buoyant market conditions in these markets, Garry Yau, R&F Group’s Hong Kong regional sales and marketing director, told the Post.

“The local markets in which some of the company’s projects are located have been booming recently. As the pandemic has passed, the market [momentum] has resumed,” said Yau, while highlighting the R&F Princess Cove project in Malaysia, which has seen Singaporeans and Malaysians rushing in to buy.

R&F Properties, set up in 1994, began rolling out its global strategy in 2013. It is now one of China’s largest property companies with operations in China, Malaysia, Australia, the United Kingdom, Cambodia and South Korea.

Yau’s comments follow a difficult year when it completed a debt restructuring involving 10 tranches of US-dollar denominated notes, totalling around US$4.9 billion.

The company said in its financial report in March that with unprecedented negative sentiment in recent years, various forms of refinancing were impractical.

“Hence, the group began assessing alternative options and engaged creditors early to seek a workable solution,” it said in the report, referring to its debt overhaul.

The company, which was unable to repay certain bank and other borrowings of 1.963 billion yuan in January this year, was classified by Fitch Ratings as “in default on certain bank and other borrowings”.

The ratings agency said the company had completed 4.9 billion yuan of asset disposals in 2022 and more sales could emerge.

“We expect further asset disposals to provide additional liquidity. The company continues to seek opportunities for asset disposals, and believes its hotel portfolio can attract investor interest,” Fitch said.

The company acknowledges the challenges it is facing.

“Under a difficult economic environment and financial turmoil, the group had to explore alternative means of sourcing liquidity. Over the past 18-months, the group had been disposing assets in China and overseas as a means of generating cash flow,” the company said in its financial statement published in March.

Yau said the company’s Malaysian developments could benefit from the pricier market in Singapore.

The company’s R&F Princess Cove project is located in Johor Bahru, which is close to Singapore, and suitable for those priced out of the island state’s surging property market. Singapore’s limited land reclamation potential and soaring housing rents had had a “spillover effect” in Johor Bahru where residential property prices are a lot lower.

Yau drew parallels with Shenzhen. “Singapore-Johor Bahru is like the Southeast Asian version of Shenzhen-Hong Kong”. It is located on top of the Johor Bahru–Singapore Rapid Transit System Link which is set to become operational in 2026, he said. Cecilia Wong, business development director at Penta Global, said Malaysian property was attracting interest from buyers looking to purchase retirement homes.

In R&F’s project in Cambodia capital Phnom Penh, where over half of the total 5,000 units have been sold at US$1,900 to US$2,100 per square metre, a third of the buyers are from China and Cambodia each. Real estate agency Fortune International said buyers were attracted to Cambodian property markets because of the low prices and the country’s favourable demographics.

 

 

 

Why should one worry if he wants to get a unit there?
The units (as far as I can see) are completed products, so there will not be a situation which you would buy an unfinished unit and the company goes bankrupt.

As far as I know, the R&F units are completed for a few years.  So even if you buy one with some defects, it is expected as it is no longer a new unit.

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  • 4 months later...
On 3/19/2023 at 1:10 AM, robin said:

 

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. 

 

Why holy month have robbery !????

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On 5/29/2023 at 9:09 PM, Guest Tree said:

 

Why should one worry if he wants to get a unit there?
The units (as far as I can see) are completed products, so there will not be a situation which you would buy an unfinished unit and the company goes bankrupt.

As far as I know, the R&F units are completed for a few years.  So even if you buy one with some defects, it is expected as it is no longer a new unit.

There can still be problems like this:

 

https://www.freemalaysiatoday.com/amp/category/nation/2023/02/23/jb-condo-owners-sue-developer-for-4-year-delay-in-strata-titles/

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Guest JB Retirement

1) I wouldn’t consider buying a property in Malaysia for investment; possibly for retirement.

2) I would consider renting a condo unit in JB for retirement while renting out my house in Sg. 

3) However, rental scene in Malaysia is a question mark. Will I be asked to vacate my rental place within 3 months for no apparent reason? 

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in my personal view :

1.dun buy for investment

2.use as retirement or holiday stay

3.less commitment to mortage loan

4.dirt cheap below sgd 100k

 

a few of my army buddy bought with regrets :

i guess they bought by wife pushing,face value and lack of financial knowlege and lastly by agent pushing.

this ID boss spend sgd$1.3m on denga bay condo and trap into debt when his company bankruptcy - his condo use by his family and relative for weekend stay but nobody help to contribute money. He almost have to declare bankruptcy within the next few month due to outstanding debt.

 

cases 2 : his retirement to splash out to buy for his legacy unfortunately during the covid period - all his belonging were stolen by thiefs and all gone.His children out of job, useless wife refuse to fork out her saving and within overnight he got a useless property and worry of robbery at his estate (got security guard but useless)

 

cases 3 : use his cpf fund to buy a 3 storey for rental but end up can get rent at rm$2k only after payback the lawyer fee and maintance - he got almost nothing. Is was his worst investment strategies in his life - location in Ipoh (tourist area).

 

last cases he was born with golden spoon - got 5 unit at KL famous tourist locaton - unable to get approval to build hotel and required to rebuild flooring without fund. He can't sub rent out but offer free rental to hawker to ensure at least got peope keep and eye for him. Almost for 5 yr without rental yield and making lost thru out the  years.

His another 2 condo at cameron and genting were ghost town bcz airbnb nobody keen and hardly go up there due to land slide and inconvience.

 

summary : everyone very sturborn but hope luck on their side to invest - now rts mrt ready 2024 which going to boom the JB property since all singaporean buy for retirement for those medeka and old folk with cpf fund. I hope our gov step in to ensure nobody lost money thru this - msia gov need fund from singapoprean investment too!

 

so far i never hears or know anyone make a profit out of malaysia property - except the local got a good rental yield in KL condo but a miserable $1k rental only to cover loan or maintain fee of rm$250.

 

conclusion : is your money so invest with caution.

 

ps : some msia guy work in sg buy a low cost flat at rm85k with montly loan of rm$400 to bank - he manage to subrent for $800 rental but his tenant skip paying and subrent to others. His worst nightmare for a malaysian - his luck not on his side.

 

 

 

 

 

 

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another recent cases : 

she bought a low cost flat at kl for rm$102k and manage to subrent out but tenant mia so she decide to sold away with profit of $50k only.

reason : low cost flat at kl is worst place to stay bcz 

1. no parking lot

2. neigbour got fiancial issue

3. drug addict hideout

4. dirty and dump location

5. dim or without light

6. congested with crowd

 

lastly she almost kenna rape at staircases by FT and housewife hang herself at staircases. She didn't stay or don't stare to stay - we learn a new lesson - cheap price doesnt mean good property.

 

ps : i almost laugh and shock to learn that she need to push other cars to drive out from her lot or alway dun have parking lot after 5pm. She have a strong hand and arm after a few pushes.

i fall down due to dim corridor - lifts alway breakdown and smelly too

 

 

 

 

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To me, if u earn yr living in spore in a proper n blessed way,yr earnings will never go wasted. 

Good idea to buy a property in jb for retirement but one have to be knowledgeable to get the right location with the right price. Suggest get a location where many locals stay. They are nice people to look after or take care yr house when u r back in spore. Rent yr unit in spore n spend it there in jb. Cheaper n wise move. 

Edited by cutejack
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There are several sources of information for buying property in Malaysia, even JB. I think iherng is one of the best channels and recently he expanded his channel to comment about those in Singapore buying property in Malaysia. These are my thoughts:

 

1) Malaysia property is a poor choice for investment due to depreciation of RM. The purpose is mostly ultimately getting it as a holiday home, whether you pay by cash or service by mortgage.

2) Easier to access than properties in other countries i.e. bus & plane are within reasonable travel times whereas in other countries you have to take a plane to get there reasonably.

3) JB city centre is the only place closest to viability and even at RM 1 mil, the rental can barely cover the mortgage. A number of properties in this area also cost way more than 1 mil, so covering the shortfall may be a burden, unless you choose your JB home for ownstay and rent out SG home. 

4) Singaporeans get an advantage over other non-Malaysians (save for those whose credentials are really good) for local mortgage loan as the financing can be as high as 85%. Due to depreciation of RM, I won't recommend getting the SG overseas loan thing as the bank may require you to pay any shortfall when the currency depreciates.

5) KL properties are more manageable as some of the RM 1 mil properties are centrally located enough to fetch enough rental to cover the mortgage. Also, JB feels like basically buying a home in a secondary city centre (in comparison to Singapore).

6) Any kind of roadshow (especially when they go to Singapore) is likely selling unpopular property and just to clear stock.

7) While yoiu have to stick to RM 1 million property, the developer sometimes give rebates until you are paying for less than 1 million.

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wow i m happy with response and sharing from others

 

i shouldnt' put in such a negative vibes of remark but thru my own experiences from friends and also their failure - some manage to quit before the worst sceanario.

 

Yes i heard and know some malay rental out hdb to swap for stay at jb with bigger space and family too. I must agree the best win win situation - they didn't buy the property but RENTAL ONLY. So dun mislead by others about this concept - now their johore sultan going to take action in 2024 and i foreseen the property will be benefit many singaporean especially those senior and malay family with kids.

 

i m seeking for rental too instead of buying the property - i prefer my cpf work harder for me.

 

I prefer penang then JB but i try my best to work for it

 

 

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If you think it is cheap to buy today, it will be cheaper to buy in a year's time because of the ever depreciating currency. 

 

Anyone wishes to stay in JB for whatever reason, my advise is to rent. There are no shortage of unit up for rental for both apartment and landed.

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What if u are just holding a work permit  and u couldn't buy a Singapore flat the only option is to buy jb condo .This is the right time to invest before RTS operate in 2026.Already many owner jack up the price above bank value.Many expected many will move to jb and rent there.

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Aiyah, human nature. Good means everything is good although certain part sucks. Bad means everything we see is not right. 

If u know how to n where to buy the right unit , life would be heaven in jb. No crowded place,eateries, no heavy traffic, soo flexible , overall not a military life. Life is so peace n healthy there. Mostly well mannered n no rude b**** in jb. 

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16 hours ago, Guest Guest said:

What if u are just holding a work permit  and u couldn't buy a Singapore flat the only option is to buy jb condo .This is the right time to invest before RTS operate in 2026.Already many owner jack up the price above bank value.Many expected many will move to jb and rent there.

 

Some say that the condos near JB Sentral can jack up rent psf to be close to Woodlands once RTS is open.

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