Should I invest in Iskandar Malaysia?

[OngHuatHuat]

Penang rental yield is much lowest than jb and it is very hard to get tenant. Keep saying beautiful island.... Hahaah.

penang.

beautiful place, so slow and it has alot of potential.

chinese majority + indians + malay = can get things done.

 

[henrylbh]

OK that says it all. Different people different view.

for me Genting Highlands.

 

[OngHuatHuat]

Terengganu is a beautiful place, a lot of forest, low expenses, spend a bit of money can buy a super huge bungalow with no nearby neighbors.

 

[henrylbh]

Terengganu is a beautiful place, a lot of forest, low expenses, spend a bit of money can buy a super huge bungalow with no nearby neighbors.

Like that you need to keep at least one dozen fierce dogs.

 

[OngHuatHuat]

That side much safer than jb.

Like that you need to keep at least one dozen fierce dogs.

 

[kuehteow]

You buy those place where there is a lot of foreigners, financial crisis come, first to crash.

My local refers to Chinese Locals, not the Bumi. No offence, most of the Bumi area are mostly slump.

 

[Wood41]

Did you see the numbers correctly or not?

Look at the % movements and also the chart patterns.

Do a cross sectional analysis with some other currencies.

Make an informed conclusion on the above data.

 

[OngHuatHuat]

Those bumi areas are the safest in terms of security.
A lot of titles are Malay reserved land, doubt they allow change of name.

My local refers to Chinese Locals, not the Bumi. No offence, most of the Bumi area are mostly slump.

 

[Mecisteus]

blah blah pictures

1) I told you to check the % movement for the same period.

PHP
31.57831 -> 35.21195
SGD appreciated 11.5% against PHP.

MYR
2.32503 -> 3.02614
SGD appreciated 30.2% against MYR.

2) I told you to also check the trends on the price charts. For the past 10 years, it was quite clear that MYR was heading into 1 direction from left to right. If you see the PHP, it was relatively sideways about a mean 32.

2007 was an anomaly. PHP appreciated sharply against SGD within a short period of time. I don't think any rational person will rush to purchase an overseas property in Philippines after seeing its base currency slide significantly within a short period of time.

 

[ocs_woodlands]

I know there are a lot of passionate fellas in this thread... But nevertheless, just wanted to point out teh obvious.

While lots of early property buyers in Iskandar (2006/07) will enjoy 200% capital appreciation, this is NOT restricted to Iskandar or even Malaysia.

If one looks at URA's Realis or is subscribed to a property price database, one would see similar if not even more crazy capital appreciation (without currency depreciation). A unit in Serangoon garden 999 LH 1841 sf was transacted at 850k in July 2006. The neighbouring property (2units away) transacted in August this year for 1.8million.

While property agents will say it's all about Location, location, location.....
True investors will say it's all about timing, timing, timing....

Between timing and location, which do you think is more important?

To me, the title of the thread should be "should I invest in property now or in 2017?"

 

[newjersey]

I know there are a lot of passionate fellas in this thread... But nevertheless, just wanted to point out teh obvious.

While lots of early property buyers in Iskandar (2006/07) will enjoy 200% capital appreciation, this is NOT restricted to Iskandar or even Malaysia.

If one looks at URA's Realis or is subscribed to a property price database, one would see similar if not even more crazy capital appreciation (without currency depreciation). A unit in Serangoon garden 999 LH 1841 sf was transacted at 850k in July 2006. The neighbouring property (2units away) transacted in August this year for 1.8million.

While property agents will say it's all about Location, location, location.....
True investors will say it's all about timing, timing, timing....

Between timing and location, which do you think is more important?

To me, the title of the thread should be "should I invest in property now or in 2017?"

I think investing in sg then, will provide more returns.

agree on what u typed, on timing and location.

 

[Mecisteus]

Between timing and location, which do you think is more important?

Should be location! Because if you buy at the right location ie beside a reservoir or beach, at least you can swim or plug coconuts if you happen to buy at the wrong timing.

 

[mummy1234]

I actually think timing is more important....eg if buy at peak of 1997 before the crash, all properties no matter their location all suffered but if bought at Low during Lehman crisis, most properties no matter their location will Huat in varying degrees...

 

[newjersey]

Should be location! Because if you buy at the right location ie beside a reservoir or beach, at least you can swim or plug coconuts if you happen to buy at the wrong timing.

well, depends on the entry price too.

example, the prices of newton or the CCR apartments, enter now, sure die.

 

[OngHuatHuat]

Klcc properties still not recovered since 2007 peak.

But landed at other places already reach new height.

Sometimes the timing at which you manage to earn you first pot of gold matters too.
Like for me, I need at least until 2011 or 2012 then only can afford to purchase a condo in sg.

I actually think timing is more important....eg if buy at peak of 1997 before the crash, all properties no matter their location all suffered but if bought at Low during Lehman crisis, most properties no matter their location will Huat in varying degrees...

 

[Mecisteus]

well, depends on the entry price too.

example, the prices of newton or the CCR apartments, enter now, sure die.

I am just kidding.

Timing of purchase is definitely crucial in any kind of financial transactions.

 

[OngHuatHuat]

Other people rent out apartment, dunno earn how much already lor. If you just stand aside and rent from others, I doubt the price decrease will benefit you, unless you have another self stay property.

well, depends on the entry price too.

example, the prices of newton or the CCR apartments, enter now, sure die.

 

[OngHuatHuat]

Haha..... If you fortunate enough to buy a unit at desa park city at that time, your return at least 3-4 x your original capital.

I think investing in sg then, will provide more returns.

agree on what u typed, on timing and location.

 

[steven168z]

mommy scared newjersey?

 

[steven168z]

Switzerland pressures Malaysia over 1MDB 'Ponzi scheme'


Geneva - Switzerland on Wednesday raised the pressure on Malaysia to co-operate with its probe into scandal-tainted 1MDB, saying new evidence indicated a "Ponzi scheme" was used to cover up US$800 million (S$1.10 billion) in misappropriations from the Malaysian state fund.

The Swiss attorney general's office opened an investigation into 1Malaysia Development Berhad (1MDB) in August 2015 following allegations that some of the billions of dollars that it alleges were stolen from 1MDB had passed through Swiss banks.

The Swiss attorney general initially asked for Kuala Lumpur's help in January, but that request was "still pending", said a statement from Switzerland's top prosecutor, Michael Lauber.

Lauber's office on Wednesday reissued its call for "mutual legal assistance from the Malaysian authorities", following a similar request earlier this year.

Citing new evidence in the 1MDB case, the attorney general's office (OAG) said it had "identified further suspect transactions involving the Swiss financial sector". A total of US$800 million purportedly invested in natural resources by the Malaysian company SRC, a former 1MDB subsidiary, "appears to have been misappropriated", the statement said.

The fraud "was committed based on a form of 'Ponzi' scheme", the OAG statement added.

A Ponzi scheme involves paying returns on investments with money from other investors, rather than from income generated by the investments themselves.

The OAG did not provide details of the alleged scheme.

Malaysia has been rocked for more than a year by allegations of a massive campaign of fraud and embezzlement surrounding 1MDB that is stunning in its scale and complexity.

The scandal has prompted calls for the ouster of Malaysian Prime Minister Najib Razak - who established 1MDB in 2009 - sparked a huge anti-Najib protest in the capital, and triggered investigations by authorities in several countries.

The US Justice Department filed lawsuits in the United States in July to recover billions in assets it said were purchased by Najib relatives and associates with money stolen from 1MDB.

The suits also said an unnamed Malaysian official as taking part in the theft. A spokesman for Najib's government has admitted that official was the prime minister, while denying he was a target of the US probe.

The US moved to seize assets including real estate in Beverly Hills, New York and London, artworks by Monet and Van Gogh, a Bombardier jet, and corporate ownership stakes.

A Najib spokesman did not immediately respond to a request for comment on the latest allegations, and no immediate comment was seen from Malaysia's attorney general, Mohamed Apandi Ali.

Apandi, who was appointed by Najib after the scandal broke, earlier this year cleared Najib of any wrongdoing, provoking outrage in Malaysia.

Najib has shut down domestic investigations. He and 1MDB deny any wrongdoing.

In January, Apandi promised to co-operate with the Swiss.

The OAG did not directly accuse Malaysian authorities for dragging their feet, but made clear that its initial request had not been answered.

"The OAG remains confident that the two requests for mutual legal assistance made to the authorities in Malaysia will be executed," the statement said.

In contrast, Swiss authorities noted their "full satisfaction" with co-operation from authorities in Singapore, through which some of the funds involved in the scandal moved.

http://business.asiaone.com/news/switzerland-pressures-malaysia-over-1mdb-ponzi-scheme