Malaysia to impose 6% sales tax by 2015

[soros]

http://www.reuters.com/article/2013/10/2...TY20131025

the main thing is not the sales tax, the main thing is the foreigners curbs which announced in the 2014 budget. Buying curbs now raised from 500k to 1mil ringgit.

Basically whoever bought malaysian property last year priced > 500k and < 1m they could be screwed by this new ruling because no foreigners will be able to buy their properties.

They changed curbs from 100k in the 80's then 250k in the 90's and again 500k and now 1mil.

hmm..i never see it this way of analogy..interesting
so those who bought it between 500k to 1mil will have to be long term investors now? or maybe they can apply for the Malaysia my 2nd home stay visa now?

If i look at it this way: The cheapest property a foreigner can buy is 1mil. So a foreigner who wants to buy a property in Iskandar have to fork out 1mil. Does that mean those who bought Iskandar properties below 1mil can start selling at min 1mil?

What is the average monthly rent paid for 1000 sq ft flat in Iskandar ?

[Jon-san]

http://www.reuters.com/article/2013/10/2...TY20131025

the main thing is not the sales tax, the main thing is the foreigners curbs which announced in the 2014 budget. Buying curbs now raised from 500k to 1mil ringgit.

Basically whoever bought malaysian property last year priced > 500k and < 1m they could be screwed by this new ruling because no foreigners will be able to buy their properties.

They changed curbs from 100k in the 80's then 250k in the 90's and again 500k and now 1mil.

hmm..i never see it this way of analogy..interesting
so those who bought it between 500k to 1mil will have to be long term investors now? or maybe they can apply for the Malaysia my 2nd home stay visa now?

If i look at it this way: The cheapest property a foreigner can buy is 1mil. So a foreigner who wants to buy a property in Iskandar have to fork out 1mil. Does that mean those who bought Iskandar properties below 1mil can start selling at min 1mil?

What is the average monthly rent paid for 1000 sq ft flat in Iskandar ?

My in-laws have several houses tenanted out on a long-term basis at ard RM800/mth for the whole house. It's those double storey terrace house types, around Johor Bahru location.

[etan]

You can google to find out the rental rates for Iskandar region. E.g. http://www.iskandarpropertyjohor.com/

Min. purchase price for foreigners now: RM1mil = abt S$392,000.

Lots of new condos and some landed coming on stream.
For old landed, yes the rental is abt RM800 to RM1000, esp around Sentosa area in old JB.

For new ones in Iskandar region, e.g East Ledang - rental can be as high as RM10,000+ for bungalows.
http://www.propwall.my/nusajaya/east_led...g=For+Rent

Just for Horizon Hills, the rental varies:
http://tophills.com.my/Property.aspx?Sta...rd=horizon hills

---

JB undergoing transformation, property prices should go up.

My in-laws have several houses tenanted out on a long-term basis at ard RM800/mth for the whole house. It's those double storey terrace house types, around Johor Bahru location.

[sgd]

If i look at it this way: The cheapest property a foreigner can buy is 1mil. So a foreigner who wants to buy a property in Iskandar have to fork out 1mil. Does that mean those who bought Iskandar properties below 1mil can start selling at min 1mil?

if your property valuation goes up then yes. If it goes down then the only people you can sell to are Malaysians because the whole idea behind foreigners curbs is to keep homes affordable for their citizens. And bumiputras when buying new properties have further subsidies I heard from my malaysian friend so the market of malaysian buyers for 2nd hand property under a million could be smaller.

Consider they have so much land JB alone is big enough to fill several amk or bedok hdb estate in it why would prices appreciate? Since the time when they raised curbs in the 90's there has been non-stop building and building, lots of old rubber estate around to convert to condo.

If you buy property in malaysia it better be for reasons that you want to live in it because every few years they will always roti prata on this foreigner curbs thingy.

[WolfT]

My father had a case where the tenant horde on to the hse and refused to pay rent, call e police so many times but useless. Headache...in the end have to use SS.

[Temperament]

And people may have forgotten Sing $ is 1 : 2.55 $RM now.
No country can be as friendly to FTs as us Singapore, if you want to compare countries' FTs policy.
Why?
Is it we have no choice because we are a little RED DOT that need FTs to become citizens to ensure that our population does not dwindle to a dangerous low level? - To almost extinct Singapore original species?

Maybe in time to come almost all Singaporeans are 1st and very miniscule 2nd generation Singaporeans again.
i am 2nd generation.
How many of you here are?
But i am tempted to have a Malaysia 2nd home if not for the many strange things happenings there.

[countonme]

Nobody knows wat will happen to the rules and regulations, and perhaps also politik in JB. Who knows if 4 yrs down the road the ruling lost control of JB, then the condos/landed may bcome empty castles. Sg is more stable in this aspect. The ruling shld be in control for long time, unless the locals cannot tahan the influx of FTs anymore.

[sgd]

And people may have forgotten Sing $ is 1 : 2.55 $RM now.
No country can be as friendly to FTs as us Singapore, if you want to compare countries' FTs policy.
Why?
Is it we have no choice because we are a little RED DOT that need FTs to become citizens to ensure that our population does not dwindle to a dangerous low level? - To almost extinct Singapore original species?

Maybe in time to come almost all Singaporeans are 1st and very miniscule 2nd generation Singaporeans again.
i am 2nd generation.
How many of you here are?
But i am tempted to have a Malaysia 2nd home if not for the many strange things happenings there.

FT policy, 2030 whitepaper is all about cpf money lah.

If you go to singstats now. statistics says population is 5.4 million people and 19.5% of population is between 35-39yo which if calculate is 1.05 million people.

So in 17yrs time which is 2030 most of these people are either retired or going to retire.

If minimum sum today is 148k per person by age of 55yo that's over 148 billion. If you consider official CPF reserves are at 305 billion 148 is almost half of that money going to pay retirees.

So by 2030 you have 1 million people no longer productive at work. Where are they going to find people to work and contribute to cpf replace the money? So the FT policy and whitepaper is it really about demographics or is it really about money.

Recall how they shoved this thru parliament.

See for yourself singstats

http://www.singstat.gov.sg/Publications/...on2013.pdf

[Temperament]

And people may have forgotten Sing $ is 1 : 2.55 $RM now.
No country can be as friendly to FTs as us Singapore, if you want to compare countries' FTs policy.
Why?
Is it we have no choice because we are a little RED DOT that need FTs to become citizens to ensure that our population does not dwindle to a dangerous low level? - To almost extinct Singapore original species?

Maybe in time to come almost all Singaporeans are 1st and very miniscule 2nd generation Singaporeans again.
i am 2nd generation.
How many of you here are?
But i am tempted to have a Malaysia 2nd home if not for the many strange things happenings there.

FT policy, 2030 whitepaper is all about cpf money lah.

If you go to singstats now. statistics says population is 5.4 million people and 19.5% of population is between 35-39yo which if calculate is 1.05 million people.

So in 17yrs time which is 2030 most of these people are either retired or going to retire.

If minimum sum today is 148k per person by age of 55yo that's over 148 billion. If you consider official CPF reserves are at 305 billion 148 is almost half of that money going to pay retirees.

So by 2030 you have 1 million people no longer productive at work. Where are they going to find people to work and contribute to cpf replace the money? So the FT policy and whitepaper is it really about demographics or is it really about money.

Recall how they shoved this thru parliament.

See for yourself singstats

http://www.singstat.gov.sg/Publications/...on2013.pdf

Oh dear!
If i am still living, i will be 82 years old.
All forgotten and perhaps living like a Zombie now if penniless.
That is Singapore.