The $100 Billion City Next to Singapore Has a Big China Problem

If you are considering buying properties as investments in Iskandar, Johor, do be careful as there were just too much supply, therefore no resale market. Similarly, no tenants because of insufficient employment in the offices and factories.

A model of the Forest City development at the Country Garden showroom in Johor, Malaysia.

PHOTOGRAPHER: ORE HUIYING/BLOOMBERG

This report from Bloomberg say it all. Click here to read the report.

Although Singapore government implemented property cooling measures in February year 2010, properties here is still best buy as it is regulated and controlled. The only problem you face will be your loan. Can you hold the property for 3 years? If yes, no issue as you can sell off after 3 years without any extra tax ( SSD=Seller Stamp Duty ). See chart below.