Living in JB

[lastresort]

In my opinion, it really depends on your personal time frame and purchase purpose. If it is for investment, I can say it still takes a while before Nusajaya's financial centre is realised. If you look at the long term plan, JB aims to move from agriculture and manufacturing base to service base by 2025. It might be able to achieve it, but I don't foresee that to happen in 5 years time. And within this 5 years, I might not be able to cover my monthly high installment as it might be a challenge to rent out such an expensive unit. So personally, I don't have that much holding power to buy it now.

If you look at the mature resale KLCC market, Imperia is priced almost the same. While the folks in KLCC next to Petronas Twin Towers can see return almost immediately, their time frame is perhaps just like me, short term.

Furthermore, JB is still very different from KL and SG in the sense that over in SG and KL, we can still survive without having a car, but it is not the same as for JB folks, and so...

 

[lastresort]

Just my opinion bro, if for retirement wise, I wouldn't be too happy to retire next to a financial centre, for marina view, those at Keppel Bay (reflections) seems more interesting, while if it has to be JB, I would like one in Senibong Cove, they will have a private marina. If no preference, I would perhaps choose Leisure Farm when I have million dollar budget!

 

[lastresort]

End of the day, i'm looking at price relativity, I do hope Imperia will continue to shoot thru the roof and set a new bench mark for the rest of the developments. I believe there is a lot more to catch up for the more mature developments. After looking at the average price index in JB between 2010 and 2011, its sad to say some relatively older tamans that used to be upmarket are moving in opposite direction.

 

[KittyMeow]

Re: Investing in Nusajaya

My advise is dont go approach sales ppl who just wanna sell you the most expensive unit. I met the manager in PH. He is more interested in selling you a unit that will maximise the dollar you put in.

Hi PH, congrats on your purchase, it is a very pricey unit I must say. However I have my reservations after finding out more about the place when I visited a couple of months ago.

Do try not to list the contact details of sales executives in this forum as you might be mistaken as a sales doing your job here. My experience with UEM sales is that they are mostly inexperienced.

 

[KittyMeow]

lastresort, i beg to differ. i stayed in kl all my life and found bliss after moving to jb. kl traffic is crazy and if you dont have a car you cant get around. the problem with kl is everyone build build build without thinking who is gonna stay in them. same goes with penang. the expat pool is not growing fast. jb on the other hand is different. it's like macau and shenzhen to hong kong. in current times you will be lucky to get 5% rental return on a unit in kl but in jb 8% is still common.

In my opinion, it really depends on your personal time frame and purchase purpose. If it is for investment, I can say it still takes a while before Nusajaya's financial centre is realised. If you look at the long term plan, JB aims to move from agriculture and manufacturing base to service base by 2025. It might be able to achieve it, but I don't foresee that to happen in 5 years time. And within this 5 years, I might not be able to cover my monthly high installment as it might be a challenge to rent out such an expensive unit. So personally, I don't have that much holding power to buy it now.

If you look at the mature resale KLCC market, Imperia is priced almost the same. While the folks in KLCC next to Petronas Twin Towers can see return almost immediately, their time frame is perhaps just like me, short term.

Furthermore, JB is still very different from KL and SG in the sense that over in SG and KL, we can still survive without having a car, but it is not the same as for JB folks, and so...

 

[spidey]

Hi Spidey,

Congrats on your purchase! Since Seri Austin is just next door, seems like we can share info abt good food haunts around that place soon! Saw a KFC college or something like that at Bandar Dato Onn, jus wondering if it teaches culinary skill or an academic school sponsored by KFC? Anyone bought Adda Height so far?

Not sure leh about the KFC college!! at 1st thot from afar, it was a KFC outlet.....hahaahahh....anyway, heard they will be building Mc,KFC and Pizza Hut near there...something like Setia Tropika - trying hard to encourage ppl to eat fast food there....
And yes, a lot of shops and eateries there, not to mention car accessories shop...

Adda Heights is beautiful!!! was there a couple of weeks back and saw a lot of SG registered cars....a lot of interest....if I have a milion bucks to splurge on...that will be the place!!
It's just next to Dato Onn and they are building a huge playground on the hills behind the commercial units....looks nice from afar..

 

[IskandarRocks]

Re: Investing in Nusajaya

Hi PH, congrats on your purchase, it is a very pricey unit I must say. However I have my reservations after finding out more about the place when I visited a couple of months ago.

Do try not to list the contact details of sales executives in this forum as you might be mistaken as a sales doing your job here. My experience with UEM sales is that they are mostly inexperienced.

I agree with lastresort. My investment in Imperia was very similar to that of PH - same stack and high floor. That said, I do realize that no investment is risk free, this one in particular just for the fact that most of the critical developments (such as CIQ) are still on paper. Why did I invest then? Firstly, my apetite for risk is on the higher side. Secondly, I am looking at this for long term retirement, or maybe even move there once it is completed. Think carefully if you are looking at this purely from investment point of view. I am sure that there are other low risk projects are available, where most infrastructure is either complete or in late stage of completion. While I am very excited about this purchase and would like to see more like minded folks buy units in Imperia, I do want to paint the right picture.

I was overall very disappointed by the sales folks, particularly the manager, at Imperia. They are definitely not experienced in selling 'high end' real estate. On the day of the soft launch, despite having an appointment, I was made to wait for more than 30 minutes. The manager was not doing anything but busy getting his picture taken in front of the Puteri Harbour model. Finally, I walked over and gave him a piece of my mind and he finally attended to me.

Also, later the Puteri Harbour management tried to force me to engage their preferred lawyer, the one who did the S&P agreement, to do the loan documentation as well. Which lawyer I use for my loan documentation is none of their business, as long as they are on the bank's panel. Moreover, I am paying for them, so it is between me and my bank. At the end, I wrote an email to the UEM Land General Manager and Marketing Director. I must admit that they reponded to me almost immediately and took care of the issue. As a matter for fact, the Marketing Director was very apologetic and admitted the fact that the Sales team was not experienced in marketing high end properties. He also promised that they would fix this before the official launch in November.

Just to be clear, East Ledang, although a part of UEM as well, was a totally different experience. My buying experience was way more positive, in fact one of the best I have had. The are way more experienced and professional. Well, they have been selling properties for more than 3 years I suppose.

 

[lastresort]

Actually when it comes to buying property, a single mistake will cost a lot... both heartache and $$$. So, it's better not to make mistakes. Having said that, people actually learn better from mistakes... hahah... a bit contradictory, i know. If you or I do hear about Milan's seminar, maybe we can inform each other and attend together. He usually has it 3-4 times each year, and sometimes in SG. But the one in SG would be expensive because he will charge in SGD. Definitely agree with you that it's good to invest in knowledge. I started by making my own mistake and lost RM20k in the stock market before I attended Milan's seminar.

Hi Vincentck,

great to hear from you! yup yup, I will inform you when I hear of his seminar in Singapore, I actually don't mind going to KL if it happens to be at the same time when I am there. Good to know he is a guru not only in property, but stocks as well, so we can learn how both work together.

 

[Puteri harbour]

Hi lastresort,
Thanks for your advise and views. When I mean for retirement, I am referring to an asset to preserve my wealth in relation to inflation. I would most likely prefer to retire home in Singapore unless JB develop at such a fast phase that I feel that it is no difference from Singapore. 3 important criteria for retirement are 1)safety 2 enterainment( musicals , Michelin Star restaurant, playground for kids) 3) stable and strong government that can implement unfriendly bit strategic policies. Malaysia is improving but no where near as of now. If not for the recent improvement after making took over the helm, I would not even look at nusajaya despite the great plan more than 5 years ago.

Cheers,
PH

Just my opinion bro, if for retirement wise, I wouldn't be too happy to retire next to a financial centre, for marina view, those at Keppel Bay (reflections) seems more interesting, while if it has to be JB, I would like one in Senibong Cove, they will have a private marina. If no preference, I would perhaps choose Leisure Farm when I have million dollar budget!

 

[KittyMeow]

Re: Investing in Nusajaya

Wow, someone holds a grudge against sales people. I had a totally different experience haha!!!

I agree with lastresort. My investment in Imperia was very similar to that of PH - same stack and high floor. That said, I do realize that no investment is risk free, this one in particular just for the fact that most of the critical developments (such as CIQ) are still on paper. Why did I invest then? Firstly, my apetite for risk is on the higher side. Secondly, I am looking at this for long term retirement, or maybe even move there once it is completed. Think carefully if you are looking at this purely from investment point of view. I am sure that there are other low risk projects are available, where most infrastructure is either complete or in late stage of completion. While I am very excited about this purchase and would like to see more like minded folks buy units in Imperia, I do want to paint the right picture.

I was overall very disappointed by the sales folks, particularly the manager, at Imperia. They are definitely not experienced in selling 'high end' real estate. On the day of the soft launch, despite having an appointment, I was made to wait for more than 30 minutes. The manager was not doing anything but busy getting his picture taken in front of the Puteri Harbour model. Finally, I walked over and gave him a piece of my mind and he finally attended to me.

Also, later the Puteri Harbour management tried to force me to engage their preferred lawyer, the one who did the S&P agreement, to do the loan documentation as well. Which lawyer I use for my loan documentation is none of their business, as long as they are on the bank's panel. Moreover, I am paying for them, so it is between me and my bank. At the end, I wrote an email to the UEM Land General Manager and Marketing Director. I must admit that they reponded to me almost immediately and took care of the issue. As a matter for fact, the Marketing Director was very apologetic and admitted the fact that the Sales team was not experienced in marketing high end properties. He also promised that they would fix this before the official launch in November.

Just to be clear, East Ledang, although a part of UEM as well, was a totally different experience. My buying experience was way more positive, in fact one of the best I have had. The are way more experienced and professional. Well, they have been selling properties for more than 3 years I suppose.

 

[jasonjst]

In my opinion, it really depends on your personal time frame and purchase purpose. If it is for investment, I can say it still takes a while before Nusajaya's financial centre is realised. If you look at the long term plan, JB aims to move from agriculture and manufacturing base to service base by 2025. It might be able to achieve it, but I don't foresee that to happen in 5 years time. And within this 5 years, I might not be able to cover my monthly high installment as it might be a challenge to rent out such an expensive unit. So personally, I don't have that much holding power to buy it now.




If you look at the mature resale KLCC market, Imperia is priced almost the same. While the folks in KLCC next to Petronas Twin Towers can see return almost immediately, their time frame is perhaps just like me, short term.

Furthermore, JB is still very different from KL and SG in the sense that over in SG and KL, we can still survive without having a car, but it is not the same as for JB folks, and so...

Your are right . I feel prices have move ahead of time too.
Seem to me that JB is recession proof leh , they were talking about price increases every month by 5% , woos !
Was at Setia Cascadia on Sunday to look see look see . Was told by sales that clusters homes all sold out , only few bumi lots available . Next I ask how much ? He say is 600 plus . So can I book a unit ? He say no ! by the time they released it in the market , it will be 700 plus ! I tell time how come is not at current price since I make booking now ? He keep on shake head .... look like he is going to buy up all the units for himself !
Back in Singapore , China , HK etc , people are talking about price correction or at least stablised for a while . Wow JB is power ! Satu Malaysia !

 

[lastresort]

Hi lastresort,
Thanks for your advise and views. When I mean for retirement, I am referring to an asset to preserve my wealth in relation to inflation. I would most likely prefer to retire home in Singapore unless JB develop at such a fast phase that I feel that it is no difference from Singapore. 3 important criteria for retirement are 1)safety 2 enterainment( musicals , Michelin Star restaurant, playground for kids) 3) stable and strong government that can implement unfriendly bit strategic policies. Malaysia is improving but no where near as of now. If not for the recent improvement after making took over the helm, I would not even look at nusajaya despite the great plan more than 5 years ago.

Cheers,
PH

great bro, hope to learn from you as well, I learn more when I share my views.

If you are likely to retire in Singapore, there are 2 factors to take note. Singapore's interest rates vs inflation rates, secondly, the forex movements. However, the gross rental return at certain developments in JB can be higher than Singapore. That if I assume you're taking a loan, and don't mind renting out in the mean time.

 

[wuqi256]

Wow, this thread is really getting vibrant and pretty colour. Thanks to all bros for always helping to answer.
Some thoughts on rental potential, as bros here have shared, its only in certain areas and developments, rest are still bad

Although this may change, i would only go for the following where possible:
1. Gated and guarded with few tiers of security
2. Residential wise - Non-bumi, non-agriculture, non-commercial related
3. Non-strata titled
4. Location where amenities, shopping and schools are just nearby
5. Location where there is potential for growth, new roads, new developments

 

[wuqi256]

Just took my good friend and colleague plus her family to lots of places last weekend. Even her husband was impressed.
They saw the Imperia too and its really nice but i would still go for landed as condo is just not my cup of tea.

I now have an interesting situation, i am starting to have groups of friends or colleagues who have at least 5-10m to invest,
need to help find them bungalows in gated and guarded areas. LF and LH are still one of the most viable options it seems but
going to hunt for more for them on the weekends.

 

[wuqi256]

The international schools here are quite expensive and may remain so as they are catering to a different market. There are also other educational options like sending to the private schools and Chinese private schools. For people in HH, i was told they are given first priority to the Chinese Primary school just outside.
Speaking of International schools, I heard of more opening up here recently on top of the existing Omega one.

According to a learned bro of mine(The learned Mr Teo) and i quote:
Mark my words, there will come a time when those coming out here won't be coming because of cheap pricing but because of the alternative lifestyle it offers.

This is fast becoming a place for foreigners to invest, unlike Singapore though, foreigners coming to Johore are mainly to live and invest. No real work is taken away from the locals and instead foreigners like me have set up companies here (my wife preschool) and employing at least 5 locals.

 

[lastresort]

Isn't Iskandar supposed to appeal with lower cost of living and higher quality of life? With these exorbitant tuition fees won't it be better to receive education back in SG? There goes our plan of moving to JB, start a family, live frugally n let our children study in inexpensive International school while we supplement their education with moral teachings at home...sigh!

due to Malaysia gov's flip flop policies in education and recent change. Science and math will be taught in Malay in Gov schools, you see many people put their kids in internation schools as these schools teach foreign curriculum and syllabus in English. There is a market for these international schools, but they also have a high percentage of locals.

 

[ShawnLow]

Alitle update to BH, they start painting the wall n outlook from the last row showhouse unit row to the 1st row. Finally it getting completed soon =) yesterday i did see quite alot of sg car been to BH, anyone of them are from this forum?^^

 

[lastresort]

Just took my good friend and colleague plus her family to lots of places last weekend. Even her husband was impressed.
They saw the Imperia too and its really nice but i would still go for landed as condo is just not my cup of tea.

I now have an interesting situation, i am starting to have groups of friends or colleagues who have at least 5-10m to invest,
need to help find them bungalows in gated and guarded areas. LF and LH are still one of the most viable options it seems but
going to hunt for more for them on the weekends.

you would do well if you're a sales person! haha.

I think highrise condos do cater to a different group of people, so different market lah!, it can cater to young couples & familes, and to busy working professionals who do not have time to maintain a garden, it provides them lifestyle needs like convenience of a pool and gym. It can also provide added security. For youngsters like me, I don't mind living in a spacious loft, the living culture can be different as rules can be more strictly enforced, like no illegal parking, no noise pollution, no uninvited guests and so on. And since it caters to a different market, all can still do well across the board. It really depends on development.

 

[Investor]

Hi everyone,

Does anyone have any information about the approval of a new future exit(interchange) on 2nd Link Highway connecting to Leisure Farm? (as mentioned by Sanur)

Is there a map showing the exact location of this future exit(interchange)?

Thank you.

 

[lastresort]

Just an update,

2 storey Clusters at the hills are selling above 930 000, and 3 storey above 1 million (interesting layout with backyard), I think the quality is better, they come with panic button and auto gate. All units at Fairway Suites have also gone up by at least 20k and if I am not wrong they come with panic button as well.