More young Malaysians overspending and falling into debt

[Thriftville]

It's a long way to go for some proper reversal.

Populist policy, once taken is hard to recall back.

There is a prop play in Malaysia now - JB Iskandar is touted to be developed akin to Shenzhen (analogy of HK being Singapore). What do you guys think? Can JB match up to Shenzhen?

I was quite skeptical about Iskandar first... because of poor historical records of their project management skill...

Recently, I tour around the area... the built up area is quite impressive. With Thomson medical and overseas university going in... i think it may do well...
The relationship between the countries have improved a lot... as you can notice that the buses on the road now have posters of Malaysian tourism...
Nowadays, the causeway is less congested also. because Singapore welcome more Malaysians to visit their IR (to donate $). so even lorry lane is open for cars!

If Singapore continue to grow, I guess JB may match Shenzhen... just like in USA, cities grow into metropolis?

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For property investment, its not so easy to make money. Because if you view JB from satellite view, there are still vast area of empty land. So developers can keep building, as long as there's demand.