MM2H is not really an open license for everything in Malaysia, especially with Johor State pertaining to property ownership. The general MM2H rule of foreigner owning property of priced at RM150,000 doesn't apply to Johor. If i may clarify, all land matters are state matters in Malaysia. In other words, land laws are under the jurisdiction of the different state governments. Take Johor for instance, foreigner can only purchase residential properties of minimum RM250,000 and above with many other terms and conditions.
MM2H originate from a previous plan called "silver-haired programme", which to me is a great move to attractive more foreigners other than just the elderly people to reside in Malaysia. A great disappointment however, this programme prevents them from working. How can we expect those younger and affordable foreign personnels to come and reside in Malaysia for a long period of time without giving them a chance to work locally? Are we too overly protect our local job market? Just some thoughts to share.
Over 30 years of experience in Iskandar Malaysia's property market, Johor Bahru -based registered estate agency, Tiram Realty, offers FREE tips and info on the selling, buying, renting and auction of properties in Iskandar Malaysia through the blog.
Saturday, February 28, 2009
Saturday, February 21, 2009
Real estate blogs and you
Recently, i came across some blogs concerning real estate investment in Johor Bahru. Interesting blogs as they may be seen, and i am happy to see more blogs of this nature to come into existence, as they provide a good platform for investors at large to pool in their opinions with regards to Johor Bahru property market. Be cautious however to their opinions, as they are not accountable to any real estate professional body to what they have said whatsoever, be it ethicals or real estate professional practices in Malaysia.
I have always tried to avoid general statistics or formalaes in my articles as i always tell this to my clients, what they should choose to invest at the end of the day should be something that they are "familiar" with, which they have plenty of on-site market information. Information, information, information is the golden rule to property investment. Always check out the location, rate of return, tenantability and property management when you want to invest in property. You can refer to my previous articles on this.
One word of advise however, never get yourself "over-geared/over-borrowed" in property investment, or else you may be easily get caught when the market is in the downturn like what's happening to our counter-parts in the States right now.
I have always tried to avoid general statistics or formalaes in my articles as i always tell this to my clients, what they should choose to invest at the end of the day should be something that they are "familiar" with, which they have plenty of on-site market information. Information, information, information is the golden rule to property investment. Always check out the location, rate of return, tenantability and property management when you want to invest in property. You can refer to my previous articles on this.
One word of advise however, never get yourself "over-geared/over-borrowed" in property investment, or else you may be easily get caught when the market is in the downturn like what's happening to our counter-parts in the States right now.
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