Not sure why my Facebook will frequently show me Tan Kin Lian’s post. He has been talking about Forest City I recalled from 2017 till now. So what if Forest City is freehold condo and cost just S$300K relative to S$1.5Mil+ Singapore condo right now? Beside the issues of foreign exchange depreciation risk as well as ghost town issue, the MM2H (Malaysia My Second Home) scheme is also fraught with the ever changing political climate risk. One moment Malaysia politicians welcome foreigners like Singaporeans and Chinese and then the next moment they may just decide to ban foreigners or raise up the anti-foreigners sentiment to score political points.
Hence I am shocked that he even mentioned that it maybe a good idea for retirees to sell one’s property in Singapore and then use part of the proceeds to buy an apartment in Forest City. One will always be a second class citizen in other countries and that is the cold hard truth.
And the 1M65 guy too. Property in JB.
ReplyDeleteIDK of anyone who made money.
Hi Damn, yup you are right....seems that Mr Loo from 1M65 also bought a landed property in JB as it is cheap. At least he still kept his HDB flat in Singapore.
DeleteTan Kin Lian went nuts to suggest retiree to sell their Singapore property to buy Forest City and said it is a "good idea". I really dunno what to say about his train of thoughts these days.