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Seriously wanna retire there, why buy? Just rent orh. Imagine you rented one staying there and when CoVid hit come back and tell the landlord .... good luck
KTV妹妹说,香港人无义,台湾人无情,新加坂人无智
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Now how to go over there to buy?
(This post was last modified: 19-08-2021, 10:53 AM by
cityhantam.)
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(19-08-2021, 09:18 AM)sgbuffett Wrote: I want to seek property expert opinion whether this property below can buy? What to look out for and various pitfalls.
wait until the nearby rts is ready, it's the only reason to buy there. by then the price will go up.
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If you want to live or retire in Malaysia , just rent.. Your landlord will be subsidizing you
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(19-08-2021, 12:31 PM)5354 Wrote: JB property I am the real expert as I went there to see units before the 2nd link was built
I purchased my first property in JB in 1994
Bought 3 freehold residential condominium for RM900K in 2008, see proof below
R&F Princess Cove is service residence not residential condominium
You should only buy freehold residential condominium, not service apartments
The unit is only 1387 sg ft, at RM880K is overpriced, can drop 50%
If you wish to buy for stay, look for a freehold bungalow, not service apartment or condo as there are too many in JB
If you buy a condo or service apartment, the only criteria is CASH FLOW, trust me
Your advice makes sense...
Why are units in Madihana so cheap?
1800sqft for $400+K.....appear "too good to be true"
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Developers must reduce their outstanding stock lest they get margin call from the banks which will proceed to bankrupt the companies. Will it happen here?
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(19-08-2021, 02:59 PM)A2Z Wrote: Developers must reduce their outstanding stock lest they get margin call from the banks which will proceed to bankrupt the companies. Will it happen here?
sg property price is trending up even with covid. just give some carrot only, everyone cheong showroom.
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(19-08-2021, 12:59 PM)5354 Wrote: I recommend you this unit asking price RM438K, 1847 sq ft freehold condo with swimming pool, tennis and squash court and a badminton court and dedicated covered car park lot
Around 500 m from future Bukit Chaggar mrt station to Singapore
https://www.propertyguru.com.my/property...w-32943980
I have done the research.
Here's a video of some people talking about living in Madihara condo. It's a bit painful to watch as it chit chat but you should skip to 17min into the video.
This condo is more than 20yrs old. During its lifetime the unit the couple stayed in was rented out in the beginning for $3k a month then it kept dropping now the 3bedroom unit cannot even be rented out for $1k!!!! This also means the value of property has dropped for 20yrs a d the condo is now worth less than half when new. The freehold status is useless!
Clearly such low yield low rental property it will attract all sorts of tenants and will just sink to a downhill state with poor maintenance and vicious cycle. Plse will simply become worthless.
No way I will buy even to stay and write off because the security of the place will also go downhill.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 19-08-2021, 08:53 PM by
sgbuffett.)
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My brother rented his KL condo to a Dr working in KL after 2 yrs he didt renew
but when his agent went over to collect the keys the told my brother there is a massive leak from the ceilling
and after 20k+ reno, the whole place is finally done but decided not to rent out again
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Question is after the new MM2H monthly income ceiling kicked in, it doesn't make sense to retire in Malaysia anymore..
40k MYR monthly income, can allow you to stay in Singapore. No need to relocate.
1. I have served the nation in a combat unit for 2.5 + 10 years. I had fulfilled my duty as a citizen, but has the country do it's part for me?
2. I don't know where the threat of CCP is, but I know the threat of CECA is already at my doorsteps
3. I had been called a CCP, JHK, Pinoy, but they never called me a CECA..
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