Wednesday 8th Feb 2012 01:39 PM
Welcome to Qotion.com!
Qotion.com is a website for you to browse and discuss financial products. Currently, we are undergoing further development, and hope to serve you when we relaunch the site with new features.
Tue, 04/01/2008 - 20:21
With property prices cooling off here in Singapore, is it time to look at investing in more affordable properties, like in KL, Malaysia?
Or perhaps Johor (if its safe to get there)
Investing in properties is a great way to increase your wealth or even a source of passive income. However Malaysia properties in my point of view is still rather risky especially those in areas like johor as safety of getting there is one issue. There has been cases of properties being built with owners paid up in full for the house to end up with nothing when the company commits an act of fraud.
Another situation which happens is that newspapers reported one case of one owner when he went back to his home in johor and found a family living illegally on his property.
If u are keen on investing, perhaps consider areas which are more well developed like KL. (Just my P.O.V)
Its better to invest in Land in JB. The potential is better
if you can find small plot of below 5 acres.
JB perhaps might have a greater potential. However crime rates one point to consider before really deciding.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.
Maybe some properties in JB where there might be embassies? or higher security...
KL is probably a great place to invest when compared to singapore property prices, a HDB here can get you a decent condo near KLCC or in downtown man
InTerms of security aspect, my belief is that KL might be a better consideration compared to JB as your real state investment or your condo might not be subject to crimes as much as JB. However i might be wrong.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.
Agreed! KL is so much better...and prettier too. Family member just invested in one, waited 3 years to build. I'm amazed at the quality of construction there & the finishes are so high-class esp. the district just behind KLCC (beside Club Aloha and all). Enter this zone & you completely forget you're in Asia - more of Florida or New York suburbanian city. (I think that's the classy look they wanna create).
Just that ah...beyond that zone, it suddenly hits you that it's KL after all, the noisy streets, dirty sidewalks, faded vehicles...If anyone, I think street reconstruction is the first step to raising their property value la...Cheap now yes, but they can surely sell for more...
That location is a good spot...can enquire how much your family member bought? And the specs of the unit?
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.
Hey, just checked...the smaller (one-room) unit is MYR300+ and the larger (2 room, 1 hall) is MYR500+. Total is 990+ for both, but right now it's fetching at least 2 mil.
Think most likely it'll be gg for rental first, sell only if really good price. Hot mkt right now, lotsa expats moving in on Msia...
Thats more than 100% increase in value.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.
Thats more than 100% increase in value.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.
Yeah man!! I wished I had the foresight like that to make such judgements...Oh well, Learn learn learn! It all only comes with experience, & i'm a noob in property still~
Well...u can improve your foresight thru experience or leveraging on other people experiences and advices.
----------------------------------------------------------------------------------------
Contest theory: More entries = More chances - Concept of Probability.
Time & Tide waits for no Man.