Malaysia Property

[Behappyalways]

The rental market in Singapore....if some of the Malaysian renting rooms in Singapore shift to JB...

Add to rising long term interest rates.... the headwinds for Singapore property will be interesting

[Big Toe]

There will be 'some' adventurous Singaporeans who just want to enjoy what Msia have to offer as a leisure or retirement destination and plough in some money to own a property. The majority will not consider purchasing.

The percentage of malaysians renting in SG is small. Those who decided to work here long term have already turned PR/Singaporeans and are getting their own properties. The headwinds will likely be a combination of local factors ie an onsalught of supply outpacing the demand, weak economic growth, higher unemployment, high interest rates, etc etc

Having worked both in Sg and Msia at the same time for many years, msia do have a lot to offer in terms of space and leisure activities, but there are also many things we take for granted in sg that do not exist in msia. ie I am always mindful of where I go during heavy rain as a few areas are flood prone. Also I will not consider sending my kids to schools in Msia, there are good international schools but they do cost quite a bit. Also the langage, not everyone understands english. And what about your friends and relatives? Great if you have relatives in Msia, not so good if all of them are based in sg. I could probably live ok both in msia and sg as I shuttle between both all my life but I would imagine that many would not easily get used to msian lifestyle for the longer term and how things are run there.

While I tend to agree that SG properties are way overvalued. I disagree that msian properties, esp the ones in JB are a bargain, no matter how you look at it. They are at fair price at best. Only worth a look if you plan to have a holiday/retirement home or as a malaysian commuting daily to sg to work.

[CY09]

Hi Big Toe,

With RTS at Bukit Chagar, it makes that area feel like 2 additional MRT stops extra from Woodlands North. For starters, your kids can commute daily to a school in Woodlands/Admiralty area quickly (within 20 minutes). Its also possible to meet friends since RTS is linked to Woodlands North MRT station which means you can hop on Singapore public transport easily

[Big Toe]

I would spare them the agony of commuting between 2 countries if I could afford it regardless of the time taken. Also to shortern the travel time it would mean the family will have to stay in those sad looking ultra high density condos next to the RTS. Not a great environment to raise a family. But that's a purely personal preference.

Prefer to stay in a good sized HDB with decent schools within a few minutes walk. With all the amenities, shopping ctre/mkt/supermarket/coffeeshops/sports hub/clinics/etc, all within short walking distance. Less time spent travelling, more time spent living.

[CY09]

Thanks Big Toe.

For me, I am now evaluating buying a property at Princess Cove R&F, the apartment at R&F mall. Its selling for RM 1,000,000 for 1,050 sq feet and will be a 5 minutes walk from Bukit Chagar. While there is an extra 10 mins extra travelling (so as to reach Woodlands North), I do feel saving SGD$300,000 for a comparable flat is worth it.

[Big Toe]

It's a personal choice. I would not uproot and make myself less comfortable for a savings of $300K. But it may work for someone else. btw if my memory serves me correct, it was RM 600-700 psf for new units resale sometime ago, is it RM 900-1K now?

Before you purchase, just rent a few days or weeks there before deciding. Plenty airbnb ard that area, (which also make it less desirable for living in my opinion)

[hongonn]

I not that familiar with the custom arrangement of the RTS because as i see it the RTS just a different mode of travelling using MRT instead of bus or car. When using bus and car during peak hour it might take hours to clear custom and clear the traffic jam.

This RTS has special arrangement where you can go through custom clearance with no queue or no crowd like the ERP toll? If not i don't think it is like taking MRT just 2 stations away from Woodlands MRT.

[CY09]

Hi, it depends on how crowded the RTS will be.

For Malaysia/Singapore side, the clearance of rail will be done by automated gates. Clearance will be done within 1 locality. Example at JB, you clear Malaysia customs, then you clear Singapore customs before boarding the train. At Singapore, you can walk out just like a normal station. At Singapore side, the immigration clearance is the same.

Only constraint will be how fast Malaysia clears you, for Singapore's side, it will be cleared by automated gates

[Behappyalways]

If you work from home and only need to go to the company once a week....

And travelling to JB is convenient...

Why not get a house in JB and stay there, buy yourself a car there instead of spending $1m on a HDB flat.

With rise in long term debts, the interest on loans will not be easy for borrowers...

Life is short, why load up with so much debts....

Anyway things might change in 2026 and we do not have a crystal ball. Let's see what happens then

[donmihaihai]

General election happen like clock work. Make big decision base on election cycle will be very busy.

Why not Batam. Even cheaper.