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  1. O

    Matex Residence

    It is good to compare from all angles but remember there is a lot of differences in terms of land title, theme, country, foreigner-eligibility, etc. Personal opinion, this Matex condo had unique advantage over the rest in JB Sentral. May have a chance to get the hotel to manage the service...
  2. O

    Matex Residence

    My Five criteria for property purchase if applied for Suasana, Iskandar Malaysia/Matex1) Location - Heart of JBCC, CBD, Shopping Centres, Close to future RTS, CIQ2) Transformation - JWAF transformation/Tanjung Puteri Site/Peter Lim Medical Hub3) Economic / Industrialisation planning - see master...
  3. O

    Matex Residence

    Suggest to talk to NSG if you are interested. The package for a new buyer may be different. Seems like still a lot of buyer despite price increase. At the end of the day, it is attractiveness of the location of the properties that counts.
  4. O

    Matex Residence

    This first few min of this video show what may be like for RTS to JB. Kind of like it. http://www.youtube.com/watch?v=eMMV-mPBImw
  5. O

    Matex Residence

    The floor they are confriming is level 9, 13,14,15,18,19 and 20. Wonder where did the level goes? i.e 10-12 and 16. It is pretty sure that level 21 above will be premium price
  6. O

    Living in KL!! :D

    My take is This project is good with Ascott management as a hotel and due dilgence is done by Ascott when they entered into contract. But there is a few uncertainties/risk 1) Not well-known developer. D'pulze. Maiden project under this company 2) For Non-malaysian, State consent cannot applied...
  7. O

    New developments to share

    Agreed. HSR actually not necessary. We are already well-linked by budget airlines. Introduce more budget flies to keep the cost down. RTS is good to further jump start the iskandar.
  8. O

    Exchange Rates for RM

    That is great. I can now buy cheaper Malaysia assets with the strength of the Sing dollar.
  9. O

    Matex Residence

    There is no sure win. It all depends how iskandar develops and no one can tell for sure.
  10. O

    Matex Residence

    At SPA stage, it is quite safe as it is governed by Housing Act including service residence like Matex. Developers will be violating laws if they does SPA without all the approvals. Buying from established developers like UMLAND had lower risk of abandoment, hence it had a price premium.Of...
  11. O

    RTS rapid transit system linking Johor and Singapore (MASTEEL)

    This intra city rail network in JB is scrapped.http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=150632%3Aiskandar-intra-city-rail-line-plan-scrapped&Itemid=3#axzz2d2NA8y5SKUALA LUMPUR: The RM1.23 billion intra-city rail line for Iskandar Malaysia in Johor, as proposed by a...
  12. O

    Country garden @ Danga Bay is Launching Soon

    Already got subsales on - going. How speculative?
  13. O

    Matex Residence

    The margin of safety is very small now. At RM$1000 psf , it is the same price as a HDB flat in Singapore.
  14. O

    Matex Residence

    Hit them like what happened to KSL recently.
  15. O

    Matex Residence

    The only way is to get them to make good on their promises via media. I can't imagine how badly UMLAND reputation will be hurt if an articles about this is publised at the edge malaysia or starproperty news.
  16. O

    Matex Residence

    As warren buffett said : You can't struck a good deal with a bad person. I think this is very true. UMLAND in the past is quite honourable. Recently, with capitaland no longer as shareholder and change in CEO, their practice changes. As for NSG, their acts already speak for itself. In...
  17. O

    Matex Residence

    If I compare to the current market price of other new developments in JB Sentral (i.e Sky Pavillion, Tri-tower, Sky 88, WF tower, Marina Bay Suites now, it is still slightly cheaper but a better location. Btw , I doubt midview will be cheaper than this.
  18. O

    Matex Residence

    E.g the units is $1 million. You will need to pay 20% as cash downpayment i.e $200K during SPA (assume 80% loan financing) No interest payment till completion as it is DIBS. The developer will continue to draw the loan as it progress with construction till completion. At TOP i.e vacant...
  19. O

    Matex Residence

    looks like a lot of people is giving it up. According to NSG, they said there is no lack of buyers at the new price.
  20. O

    Matex Residence

    Mine increased by 20%. I am considering if I am to keep.
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