I Lived in JB To See How Much Money I Could Save on Rent | TBH

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I Lived in JB To See How Much Money I Could Save on Rent | TBH​

Is renting in Johor Bahru THE solution to rising rental prices in Singapore? To find out, we sent our host Kimberly to rent a place in JB for a week and travel across the causeway for work every day. Was it really worth it?

Introducing TBH, a new series where we investigate, experiment and find the answers to some of Singapore's biggest millennial problems!

Content:
00:00 Intro
02:07 Taking the KTM shuttle into JB
02:44 Apartment tour
04:22 Meeting a Singaporean renting in JB
07:47 Taking the bus from JB to SG for work
08:42 Meeting someone who has chosen to settle down in JB
11:52 JB's kampong spirit
15:19 Loneliness & social life in JB

@Indos @Menthol

 

[Menthol]

Ideally any young men who is working should have enough money to buy a house that fit for a family with 3 children.

Expensive house prices should not be seen as wealth, but instead as a sign of social danger.

 

[Song Hong]

Ideally any young men who is working should have enough money to buy a house that fit for a family with 3 children.

Expensive house prices should not be seen as wealth, but instead as a sign of social danger.

Right now even cities with huge land area have high house price. House is a tax as well as birth control toolkit. It is also weaponized to enable dynastic wealth.

 

[REhorror]

It is more advisable to buy a land lot and a container house..

 

[Song Hong]

It is more advisable to buy a land lot and a container house..

The house price rise in tandem with public infrastructure. You can buy a lot of land near the farms of Hanoi or HCMC, it is quite cheap.

Once there is a metro line pass through, price rocket.

 

[Mista]

Ideally any young men who is working should have enough money to buy a house that fit for a family with 3 children.

Expensive house prices should not be seen as wealth, but instead as a sign of social danger.

There's public housing in SG if you're Singaporean and married.

If you're not choosy, you can definitely afford a home in Singapore (except for special circumstances like if you're handicapped and can't work etc).

The smallest flat (2-room flat, ~45 sqm) can go as low as SGD18K after grants for the very low income (monthly income <SGD1.5K).

Grant amount based on household income:

Household income distribution:

As you can see, even for the bottom 10% of households the average monthly household income from work is $2,314.

Let's use a more typical example because most people don't earn $1.5K household income or aspire to live in a 2-room flat.

Rail Green I & II @ CCK BTO Launch in October 2023

Find out pricing, unique features, and nearby amenities for Rail Green I & II @ CCK BTO in October 2023

www.srx.com.sg

A typical 4 room flat (~90sqm) costs around $300K-400K. In the above development coming in August 2023, the median price is $325K. If your household income is around $5K (belongs to the bottom ~25% income as per the income distribution above), the monthly mortgage is around $1.1K. After deducting CPF (compulsory savings fund), the monthly cash outlay is $0. Yes, zero. The monthly instalment can be serviced with just CPF.

For a 5-room flat (~110sqm) in the same area, your monthly cash outlay reaches zero if your household income is above $8K (still below the median household income).

So, it's very common for the typical Singaporean family to pay zero cash outlay for their housing as long as you aren't buying in a prime area.

The video is just for clicks or that their target audience is for foreigners renting in Singapore. No one in their right mind will go spend $1k cash per month to rent in JB and squeeze in a 2-hr commute with 300K Malaysians into Singapore everyday lol.

 

[Menthol]

There's public housing in SG if you're Singaporean and married.

If you're not choosy, you can definitely afford a home in Singapore (except for special circumstances like if you're handicapped and can't work etc).

View attachment 944287

The smallest flat (2-room flat, ~45 sqm) can go as low as SGD18K after grants for the very low income (monthly income <SGD1.5K).

Grant amount based on household income:
View attachment 944268

Household income distribution:

View attachment 944288

As you can see, even for the bottom 10% of households the average monthly household income from work is $2,314.

Let's use a more typical example because most people don't earn $1.5K household income or aspire to live in a 2-room flat.

Rail Green I & II @ CCK BTO Launch in October 2023

Find out pricing, unique features, and nearby amenities for Rail Green I & II @ CCK BTO in October 2023

www.srx.com.sg

View attachment 944289
A typical 4 room flat (~90sqm) costs around $300K-400K. In the above development coming in August 2023, the median price is $325K. If your household income is around $5K (belongs to the bottom ~25% income as per the income distribution above), the monthly mortgage is around $1.1K. After deducting CPF (compulsory savings fund), the monthly cash outlay is $0. Yes, zero. The monthly instalment can be serviced with just CPF.


View attachment 944290

For a 5-room flat (~110sqm) in the same area, your monthly cash outlay reaches zero if your household income is above $8K (still below the median household income).

So, it's very common for the typical Singaporean family to pay zero cash outlay for their housing as long as you aren't buying in a prime area.

The video is just for clicks or that their target audience is for foreigners renting in Singapore. No one in their right mind will go spend $1k cash per month to rent in JB and squeeze in a 2-hr commute with 300K Malaysians into Singapore everyday lol.

View attachment 944286

The problem is, no one wants to live in public housing.

It's shameful.

Unless there's no other choice.

Even in HK, young people are protesting over house prices, despite there's a public house for them.

But yeah, society's problem.

Singapore public housing is one of the best in the world, if not the best.

Indonesia should learn a lot from Singapore.

 

[Song Hong]

The problem is, no one wants to live in public housing.

It's shameful.

Unless there's no other choice.

Even in HK, young people are protesting over house prices, despite there's a public house for them.

But yeah, society's problem.

Singapore public housing is one of the best in the world, if not the best.

Indonesia should learn a lot from Singapore.

People do not want to live in public housing because it will turn into ghettos and criminal dens. Then good people start to move out and take up mountains of debt never mind how expensive private housing is.

The price levels will keep the bad guys out.

Singapore invented an exotic ways. Force the race and social class to mix together. Singapore public housing got racial quotas and small house build together with big house.

Then neighborhood becomes much better when criminal elements are more fragmented.

The neigborhood school also will not be ganster infested

Singapore minorities and baizuo open their sht mouth and keep on stirring it is Chinese racism.

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sudhirtv.com

 

[Mista]

The problem is, no one wants to live in public housing.

It's shameful.

Unless there's no other choice.

Even in HK, young people are protesting over house prices, despite there's a public house for them.

But yeah, society's problem.

Singapore public housing is one of the best in the world, if not the best.

Indonesia should learn a lot from Singapore.

Honestly, HK's public housing is not comparable.

In SG, ~80% live in public housing and of which most own their own homes.

In HK, only ~15% live and own a public housing. 30% lives in rental public housing.

And their public housing is still small and expensive, and the chance to even buy them is slim.

Compared to the application rate in SG:

And by the way, Singapore's median household income is ~2x of HK's.

So in terms of affordability and availability, HK doesn't even come close.

It's totally understandable why their young people are frustrated.