[sgbuffett]

Very simple Lah 

If the Chinese Malaysian are not buying condominium in JB, FC, PC, etc..
Why must Singaporean buy it? 
If the Malaysian themselves knows it is a lousy investment. Don't be stupid to pick up, what other people don't want in their own country. 

We know in Malaysia, regulation and govt policies keep on changing in every 2 years. Especially those affecting foreigners. So many damn bloody examples.
Clob, MM2H, Custom clearance, Taxes GST, VAT, Sales Tax, etc..

SIngaporean normally faced the worst, in Malaysia new changes of policies. And yet need to park $million in Malaysian bank, buy Property just for longer term visa 5 to 10 years? Even when getting the PR can be revoke anytime. 
What a lousy deal.

Might as well park that same amount of money in Canada, Australia, US for PR and Citizenship after 5 years stay. No brainer deal.

Lastly, even the Chinese Malaysian  emigrates to other countries. To avoid the bumiputera system, future political instability and the eventuality of religious law implementation.
Why Chinese Singaporean still get themselves into such angles? With millions $ stuck into something even Singapore Government cannot help.

Better don't play with fire.

Just want to explain my view of what you wrote
Malaysian Chinese often leave especially those with good qualifications to work in other countries favorite is Canada, US and Australia. ...and Singapore ....This is true.because pay is much higher outside Malaysia.

Due to falljng ringgit and need to diversify they park money out of Malaysia.

However after their working life many actually return or spend more time in Malaysia due to the low cost of living. They usually buy a property they can return to ...i iis pocket change for those who worked overseas...it US more for use than investment as you rightly pointed out it may not be a good investment.

If there a few siblings one will keep Malaysian citizenship to help to buy low price property. 

These properties used as retirement homes...they cannot live better or cheaper than this...elsewhere.

In fact many Austrlian, UK retirees stay in places like Malacca and KL because cost is lower.

KL is faboriteb among young retirees from Japan