[sgbuffett]

Read this ...before covid already rent keep falling and falling ....no buyers when try to sell, no tenant when try to rent out. Many took out Malaysian housing loan to financial 85%@4.5% interest....
Developer make, state make from land sales, bank make from housing loan....those who buy suck dry.

Looks almost like scam. Over time the property will become worthless the govt there will choose another site to be development zone ...sell.another round of residential property then leave buyers holding bag...then repeat.


Remember when Iskandar was the next big thing in property? (And if you don’t, that just makes this all even worse). The “goldmine” in Malaysia has turned out to be a booby trap for two investors, who share their regret and lessons:

https://www.99.co/singapore/insider/why-...-malaysia/