Iskandar Project Advice?

[cyf 0]

Hi all, been hearing a lot about iskandar project lately. wanted to see if anyone bought property there before and what are the procedures etc

[bepgof 20]

Hi all, been hearing a lot about iskandar project lately. wanted to see if anyone bought property there before and what are the procedures etc

Peter Lim.

Heard abt what football club? Eventually?

Heard abt what thomson medical? Eventually?

Big fish paints nice picture for small fishes to come.

Once small fishes come, big fish disappears.

No more nice picture.

Differentiate between needs and wants.

Settle the needs then talk abt the wants.

[yoongf 11]

http://www.facebook.com/TheSkyExecutiveSuites

This project is right smack in centre of bukit Indah, and they are now doing key handover/defect reporting.

Interesting to read about the defects encountered/ experiences.

Think many sg ppl bought units there.

Very interesting project as reference for any investment there.

[bepgof 20]

Investment means risks and returns. It also concerns market depth (numbers of buyer and seller)

Do a PEST (political, Environmental, Social, Technology) analysis/screening, very quick you'll reach conclusion.

Singapore is transparent and efficient, almost reach efficient market conditions - tot 'insider' info till play a part.

[薛 智鸿 0]

Overpriced!

[bepgof 20]

Overpriced!

Conclusion reached by CAPM model?

Eugene Fama's Efficient Market Hypothesis?

Or just personal agar agar theory?

Or technical analysis which believe in 'trends' or 'cycles'.

Political and exchange rate are 2 keys consideration, besides the 'rental yield' and ' capital gain' consideration.

Imagined u used SGD100K exchanged into 50k x 2.4 = 120k riggit bought an unit.

MAS holds 'steady and slow' SGD appreciation approaches that explained foreigners buy properties (convert their 'currency to SGD) and SGD appreciates over time.....besides the capital gain.....Singapore has stable politic, no capital gain taxation.....

[joey8 2]

I read there are some new rules now on Malaysian property. It's better to get the facts right before buying.

Take a look here :

http://www.straitstimes.com/the-big-story/case-you-missed-it/story/iskandar-developers-seek-clarity-new-rules-20140116

[wroomwroom 5]

Avoid JB projects as there is a huge oversupply. My JB friend told me only the Singaporean suckers buy the ridiculously priced JB properties. Locals will not even pay half the price for them.

[bepgof 20]

Currency exchange rate is always an important consideration factor!

Wise investment ONLY when other country's currency (MYR in this case)is in appreciation against purchasing currency(SGD in this case)in mid to long run.

Why?

http://www.xe.com/currencycharts/?from=SGD&to=MYR&view=10Y

MYR depreciate against SGD for past 10 yrs.

Say buy at RMY500,000 in yr1 @ 2.3 rate = sgd217,391. After 5yrs, capital appreciate @ 10%@ & sell @MYR550,000 @ 2.6 MYR/SGD = SGD211,538

Meaning within 5 year, you gained MYR50,000. However, after converting to SGD, you actually lose SGD217,391 - SGD211,538 = SGD5, 853.

Not to mention the transaction cost, opportunity cost....

That explains why '3rd world' currency holders like to purchase property in Singapore (say for rental). 1 stone 3 birds. Rental /capital /exchange rate gains!

MAS monetary & fiscal policy abt SGD - slow & steady appreciation vs GDP.

Locals using SGD purchasing local property only subject to rental (subject to income tax) and capital gains.