Quote:
Originally Posted by Unregistered
Over the next 10 years (2015 - 2025), Johor property prices are expected to collapse between 40% - 50% and the exchange will reach S$1 = RM3.50 by 2025. The oversupply of properties in Johor is unprecedented as it is driven mostly by speculation. Property prices in Johor should collapse for BOTH condos and landed properties. There will be an overall collapse in Johor property prices due to the massive glut of properties.
On the other hand, with the transformation of the Jurong Lake District (JLD) into the SECOND CBD (Central Business District) in Singapore, property prices in the JLD will appreciate by at least 50% over the next decade and there is no forex risk for Singaporeans buying JLD properties. Condo prices in the JLD will move towards Marina Bay and Shenton Way condo prices. This will gradually and surely happen. It is not unbelievable as the reasons are clear.
It is no brainer that both Singaporeans and Malaysians alike should put their hard earned money in JLD condos rather than Johor properties.
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You need not be a property expert to recognize the potential of JLD, and everybody also know the same thing is going to happen there.
Your problem will be, property developers also know that. They are buying old condo enblock and to put up new one. Can you afford the new condo? Do you have the financial resources? My advice is buy within your reach, treasure your good sleep. Don't make mortgage payment haunts you every night.