Property
4 lessons we learned from buying homes in Johor
By Property Soul  •  March 31, 2021
On the first day of 2021, our Prime Minister broke the bad news that the Kuala Lumpur-Singapore High Speed Rail (HSR) project had been terminated. Several Malaysian news reports quoted unnamed sources that the Malaysian Cabinet would go ahead with the project without Singapore and end the railway in Johor. Early this week (Mar 29), Singapore and Malaysia announced that they have finally reached the settlement for the aborted HSR project. Malaysia has paid a compensation of S$102.8 million or RM320 million. Singapore had reportedly spent about $270 million on the project, including consultancy services, infrastructure design and manpower, but excluding land acquisition costs. From the figures provided, the latter would amount to $167.2 million. What about Singaporeans who bought Johor and Kuala Lumpur properties on the expectation that property prices in these two places will be spiked up by the HSR, who were carried away by the promise that...
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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