MSNews - S'pore man loses over $300K after Johor seaview condo project stalls for 10 years

[johnsonheng]

Batam Bliss Park is also like this, almost brought 2 units but luckily didn't. Now proud owner of 170m2 semi-detach.

Always buy completed projects

 

[kindaichi83]

How to know which one is safe to buy?

 

[selemuse]

So buy completed project better?

In Malaysia, you need to manage risk by buying completed project. You probably paying more for a peace of mind for a completed project. Anything can happen during the building process (eg covid, property bubble, whatever policies that affect it). That's say there always political risk as well, that someday, a less Singapore-friendly Malaysia government take over and thing may change for those Singaporeans who own the property there.

At the end of the day, it is the risk level and type of risk that you need to be aware of, and not just because it may be cheap to stay there.

 

[Yowe55 mini]

In Malaysia, you need to manage risk by buying completed project. You probably paying more for a peace of mind for a completed project. Anything can happen during the building process (eg covid, property bubble, whatever policies that affect it). That's say there always political risk as well, that someday, a less Singapore-friendly Malaysia government take over and thing may change for those Singaporeans who own the property there.

At the end of the day, it is the risk level and type of risk that you need to be aware of, and not just because it may be cheap to stay there.

Dear selemuse,

If Anwar government falls, what happen to the condos and the RTS?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[meepokkia]

Can go lowball and rent it for 500rm / month. Any takers?

 

[WarMage87]

So buy completed project better?

Do due diligence first ah.

This kind of thing, need to do research one de.

 

[elvintay07]

This one looks like small development. No wonder up lorry.

 

[selemuse]

Dear selemuse,

If Anwar government falls, what happen to the condos and the RTS?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

To be honest, no one knows what will happen if Anwar government fails. Even with the RTS (Johor Bahru–Singapore Rapid Transit System) as leverage, future tensions may still arise. Issues like the water agreement expiring in 30 years could also become political. They might even introduce new rules to tax foreigners further, especially those who own property there. Not to say it will definitely happen, but there is certainly risk that people need to be aware of, and one should not depend on the Singapore government to bail them out or provide assistance.

 

[chari-men]

probably china developer.. run road liao..

 

[Kegler]

I've been telling people around me not to buy but rent....I guess they just haven't got their hands burnt
It's good for such news to warn people of the threat. Singaporean are too naive for overseas property

 

[lampano]

just few wks ago my friend still say wanna get landed and went for Q already ask me for advice.
i just say good lucks

 

[Kegler]

I wish for some high subscriber YouTuber to start advocate people esp sg people not to fall for this trap. Stop throwing away your money.
Stop BUYING JB projects, you will regret!!!!!

 

[エステ好きな野郎]

crazy bugger　　　

 

[elvintay07]

A few things already is alarm bells to me

(1) Whole project is 948 units. This number seems big in SG but 948 is tiny in Malaysia context. Why? R&F is 20,000 units. Per phase is 2,000 units

(2) The developer, Sichuan Sanjia Group, also private developer. This one another alarm bells

 

[Yowe55 mini]

Dear all,

Anyone buying R&F phase 3 project?

Confidence for the future. More good years ahead... Let us take Singapore forward together.
Thank you.

 

[iam7377]

This one looks like small development. No wonder up lorry.

Big or small development, just rent in Msia.

 

[GundamG]

no money but want to follow people rent and live in JB and go mortgage house when no money.....

 

[thyler_koh]

no money but want to follow people rent and live in JB and go mortgage house when no money.....

Yeah , exactly . If got money , still need to mortgage his EC?

 

[moonlighter_sg]

I feel like this uncle being scammed. The developer could have planned ahead to run road. Dun think he is the only one suffered the loss. This condo so big sure got other sinkies lost money, just that they kept quiet.

 

[likehotbutter]

is it kena psychoed by TKL