I had the freedom of staying in my house in HH over the weekends. Must say that the place is serene and peaceful, even on weekend nights. The roads inside are deserted but that does not mean its dangerous. I feel so safe to be walking along the main road outside my house at 9pm.. except for a few speeding cars who become too complacent. I love to stroll along the golf course perimeter, overlooking The Golf Semi-dees where its under construction.
As the days progressed, the capital appreciation is on-going. I am contented that I have secured some units here for my investments and retirement.
The dim-sum at the corner shoplot around Fairways Suites is nothing to shout about.. But at least it is a decent place to hang out and have a decent breakfast.. I love to drive around the clubhouse on weekends... just to observe the fast and luxury cars gathering there for their weekly golfing sessions. I always associate a place success and potential with the number of supercars parked around the place..
Life suddenly become slow in HH.. Too slow for my comfort during the weekdays when I became relaxed. I enjoy washing my car inside the car pouch with water running, not worrying about the cost as water is still cheap here.
Air at night is too. I dont even on the aircon and close up all the windows with fan at just level 1!
Hi horizonhills,
A forumer here did mentioned that your style of writing seems to be like another forumer Dxxxxxt, I'm guessing the same
Someone also mentioned that Lemans seems to be Cxxxxxxxt and I guess it's likely too. Anyway I consider both of you as old forum friends.
Although 3 of us bought properties in Nusajaya at around the same time, I'm only enjoying half of what both of you have already been enjoying and that's being happy with my decision to invest in Nusajaya. The feeling is definitely great when our investments appreciate right after we committed, whether it's in properties or daily trading of stocks
The other half which I still can't enjoy is the weekend stay in Nusajaya since my units are not ready yet
I've never, in any single moment, worry that my investments in Nusajaya might be a wrong move. No investment in this world has 100% chance of profiting but I see a 95% chance of profiting from Nusajaya when I judged it last year. I gave it only a 5% chance for something bad which might happen and affect my investments, like for example the change of government's plan(but even if that happen, it still won't be financially threatening to me since we don't place all eggs in one basket anyway). Of course we don't just pluck an imaginary figure of 95%, we judge it after doing our own due diligence on Nusajaya's prospect and background at that point of time(Just like what Temasek should have done to make them decide to select Nusajaya's Medini instead of other areas like say JB city at Woodlands side).
Even when crimes happened, I did mentioned that I wasn't worried about my investments, just that I might not wanna use one of my units for weekend stay and that's about it. When Nusajaya develops further and further with all the new attractions, schools, mega malls, hospitals, Government bodies, amenities, infrastructure etc springing up but crime in Johor 'remains the same', do you think that it will deter buying interest? The key to note is that 'crime rate remains the same', meaning it's 'nothing new to anyone', whereas the new attractions and others mentioned above are great 'plus points' to Nusajaya. Well if crime rate worsen, it'll definitely affect demand but not if it maintain. Moreover, the chances of having a lower crime rate in future is more possible than having a higher crime rate since the government had invested billions trying to improve security of Iskandar and they will certainly invest more if situation don't improve since they need to lower the crime rate in order to attract investments for the next 15 years. Give them a few years, even if the billions of dollars doesn't work, it still won't hurt(as mentioned above).
Some naysayers might worry too much and think that it'll be very very difficult for the Malaysian Government to attract enough investments into Iskandar and successfully develop it into a sustainable city, creating enough jobs with medium to high income in order to sustain it's economy etc etc. These are definitely genuine concerns but they are talking about achieving Peak success when all the concerns can be tackled. Who says Nusajaya needs to be 100% successful in order for our investments at RM240psf to make profit? What I think is firstly, you have to know what kind of price you're being offered now and whether or not it's already too high. Eg. For Nusajaya, if I was offered RM700psf for a terrace, I won't invest due to limited upside and even potential loss as price might go lower than RM700psf after I buy. But at RM240psf, I think the potential upside is really good, I like investments with at least 100% potential profit. As a Singaporean, I would like to see it as SGD100psf. Some might say "Why not invest in Singapore or KL? It'll give you faster return." Try telling that to Warren Buffett, Bill Gates, Temasek or just any rookie investor that you know of an investment which guarantees a 100% winning chance and 0% risk of losing(That might be savings account or fixed deposit's interest, not investments in properties). You can say that there's a smaller risk in investing in Singapore's properties than investing in Johor's and I would agree to that. But based on present Singapore's mass market price of SGD1,000psf, I think it'll take a miracle for me to make 100% profit out of it as it'll have to reach SGD2,000psf for mass market properties(Not high end ones). Lower risk? Yes, but definitely not higher potential return when compared to Nusajaya.
We all know that for a region which is 3 times the size of Singapore, definitely not every single corner will appreciate in price, we have to be really selective on the area and even the development and most of us here have chosen certain developments in Nusajaya since most of the foreign investments, including Temasek's developments, are pouring into Nusajaya. Truthfully, I dare not say that I have the same confidence in the whole of Iskandar region. But from the beginning, I only have eyes for Nusajaya. I'm not saying that all other areas in Iskandar will fail, some other good locations like eg. our friends' Kempas area is good locations too. LeisurFarm? Yes but only if they can get the approval for a new entrance/exit point nearer to Highway or Medini, that'll definitely be Great.
Thus at RM240psf, I reckoned that I'll be making profit even if Nusajaya is just 50% successful.
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