Ok peace to Westman and all who are offended in one way or another.
The thread was meant to be peaceful. But there are troublemakers like Freekazoid that cause problems.
Like all internet forums, info should be shared freely and it's up to readers to take away what they find useful. But it's usually when people try to push their ideas on others forcefully that it becomes unbearable. One will then try to defend his views, etc and internet war can erupt. That's why I think the best way is to ignore buggers like the freek.
It's also best not to compare residential projects and say one is better than the other. There are pros and cons to everything. For eg, although I know PH is seen by many owners as one class above the rest, remember that you have already paid a high premium for your unit. And you don't have the advantage of Medini owners in terms of minimum sum the unit can be sold and lack of Capital Gains Tax.
What I feel is useful is for owners as well as those who are interested in property investing, is to discuss how they view the positive and negative situation. I'm more of an investor, so I view things in a very objective manner based a lot on facts. Iskandar (especially Medini) was under my radar some time back. But I avoided it for reasons I've constantly given. I want to understand the psychology of buyers of that region and also know how they mitigate the risks involved, such as:
- Very high entry price
- Hoping for the future development (very risky, especially in a Malaysian environment where delays can happen, plans change or discarded, new rules, etc)
- Mainly foreign play, no local support
- Minimal or lack of amenities (If it's so attractive, A LOT more businesses and industries would have gone in, but we are not seeing that. Yes, some, but at a very slow rate and not many. Has anyone questioned WHY?)
- Can you really find future buyers or you don't mind being stuck with the property forever? Maybe some don't mind, but I know not all can take it
However, all I am hearing generally is "I trust my instinct", "I buy for my own stay", "They have many plans coming up, such as new businesses, etc".... These are all very very subjective.
Why am I sticking around these forums? Cos I am learning. I hope others are too.
For Medini, the Malaysian government is not so stupid to remove from you the Capital Gains Tax or no minimal sum to buy. Who doesn't want to make money? In place of that, they have already slapped on you a leasehold status (most prefer freehold in a big land Malaysia) and very high starting price. They probably sold the land at marked up prices and developers jack it up further. That probably explains how some of you bought at a very high RM760 psf and above.
This thread caught my attention because of my personal visit to Medini last month, after I saw the very vast and sparse land and the completion of a very quiet 1 Medini.
It will be good if all you future owners of Medini condos start thinking what to do or if they developments will really take off as they promise. How long a risk you guys are willing or can take. These are all important questions.
But I do understand there are many rich folks here. Some are retirees or soon to be retired. So you can plonk your money down on an Iskandar property and not afraid even if you can't get it back. But to the rest, I would be worried and extremely cautious.
Hope I'm not considered flipping table here. Just giving pure objective advice.
The thread was meant to be peaceful. But there are troublemakers like Freekazoid that cause problems.
Like all internet forums, info should be shared freely and it's up to readers to take away what they find useful. But it's usually when people try to push their ideas on others forcefully that it becomes unbearable. One will then try to defend his views, etc and internet war can erupt. That's why I think the best way is to ignore buggers like the freek.
It's also best not to compare residential projects and say one is better than the other. There are pros and cons to everything. For eg, although I know PH is seen by many owners as one class above the rest, remember that you have already paid a high premium for your unit. And you don't have the advantage of Medini owners in terms of minimum sum the unit can be sold and lack of Capital Gains Tax.
What I feel is useful is for owners as well as those who are interested in property investing, is to discuss how they view the positive and negative situation. I'm more of an investor, so I view things in a very objective manner based a lot on facts. Iskandar (especially Medini) was under my radar some time back. But I avoided it for reasons I've constantly given. I want to understand the psychology of buyers of that region and also know how they mitigate the risks involved, such as:
- Very high entry price
- Hoping for the future development (very risky, especially in a Malaysian environment where delays can happen, plans change or discarded, new rules, etc)
- Mainly foreign play, no local support
- Minimal or lack of amenities (If it's so attractive, A LOT more businesses and industries would have gone in, but we are not seeing that. Yes, some, but at a very slow rate and not many. Has anyone questioned WHY?)
- Can you really find future buyers or you don't mind being stuck with the property forever? Maybe some don't mind, but I know not all can take it
However, all I am hearing generally is "I trust my instinct", "I buy for my own stay", "They have many plans coming up, such as new businesses, etc".... These are all very very subjective.
Why am I sticking around these forums? Cos I am learning. I hope others are too.
For Medini, the Malaysian government is not so stupid to remove from you the Capital Gains Tax or no minimal sum to buy. Who doesn't want to make money? In place of that, they have already slapped on you a leasehold status (most prefer freehold in a big land Malaysia) and very high starting price. They probably sold the land at marked up prices and developers jack it up further. That probably explains how some of you bought at a very high RM760 psf and above.
This thread caught my attention because of my personal visit to Medini last month, after I saw the very vast and sparse land and the completion of a very quiet 1 Medini.
It will be good if all you future owners of Medini condos start thinking what to do or if they developments will really take off as they promise. How long a risk you guys are willing or can take. These are all important questions.
But I do understand there are many rich folks here. Some are retirees or soon to be retired. So you can plonk your money down on an Iskandar property and not afraid even if you can't get it back. But to the rest, I would be worried and extremely cautious.
Hope I'm not considered flipping table here. Just giving pure objective advice.
