Leisure Farm Community

[Valdez]

https://m.facebook.com/photo.php?fbid=10152433936853736&set=p.10152433936853736&type=1

Extension of coastal highway confirmed. Good news for LF

 

[Market]

https://m.facebook.com/photo.php?fbid=10152433936853736&set=p.10152433936853736&type=1

Extension of coastal highway confirmed. Good news for LF

Hi Valdez,

Thanks for re-highlight.

Might you have the expected time of completion?

Interestingly, more important is when existing NS highway entry will complete first.

 

[Valdez]

Hi Valdez,

Thanks for re-highlight.

Might you have the expected time of completion?

Interestingly, more important is when existing NS highway entry will complete first.

You mean the south bound access road.? I heard need to relocate a water pipe. But generally due to HSR terminal station which is located at gerbang nusajaya and all the highway and roads connections have to be redesigned.

 

[Daydreamer]

Hi Valdez,

Thanks for re-highlight.

Might you have the expected time of completion?

Interestingly, more important is when existing NS highway entry will complete first.

2018 onward realistically speaking.

 

[Market]

Bayou Water Village officially breakaway from Leisure Farm corp by end of this month. Good news or bad news?

I suppose BWV will be officially having their own MCST committee from today onwards to take care of their own estate affairs?

 

[Valdez]

More news on the coastal highway extension
http://www.bharian.com.my/node/8860

http://www.bharian.com.my/node/8860
KUALA LUMPUR : Iskandar Investment Bhd ( IIB ) Facilitation Fund Agreement ( FFA ) with the Government of Malaysia and Bank Pembangunan Malaysia Bhd ( BPMB ) to finance part of the cost of construction of the Coastal Link ( CHSL ) worth RM180 million .

Highway along the 5.2 miles is the final link to the Coastal Highway Highway Link.

President and Chief Executive Officer , Datuk Syed Mohamed Syed Ibrahim , said 50 percent of the cost of highway construction will be borne shareholders and 50 percent by the federal government through the Public Private Partnership Unit ( UKAS ) in the Prime Minister's Department .

" Construction will begin this November CHSL and is expected to be completed in the second quarter of 2017, " he said after the signing ceremony which was held behind closed doors today .

Signing the agreement, Syed Mohamed represents IIB ; UKAS by its director-general Datuk Ahmad Husni Hussain ; while BPMB represented Head of Business Banking 1 , Zakaria Saad .

Present to witness the signing of the Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar and IIB chairman Tan Sri Azman Mokhtar .

CHSL would cross the proposed development of Nusajaya South Gate , Kampung Tiram Duku Left , Kg Bukit Kuching , Sunway Iskandar development proposals and Leisure Farm , thus providing a direct connection from Highway Link to Medini , Nusajaya trade center .

CHSL project will reduce the travel distance from Highway Link to Medini by about 10 miles , while the travel time from the Customs, Immigration and Quarantine ( CIQ ) VOA to Medini will only take five minutes.

development proposals and Leisure Farm , thus providing a direct connection from Highway Link to Medini , Nusajaya trade center .

CHSL project will reduce the travel distance from Highway Link to Medini by about 10 miles , while the travel time from the Customs, Immigration and Quarantine ( CIQ ) VOA to Medini will only take five minutes.

Earlier, IIB Infrastructure Cost Sharing Agreement with the three stakeholders will benefit from the project CHSL Nusajaya Rise Sdn Bhd , a wholly owned subsidiary of UEM Sunrise Bhd ; Sunway Iskandar Development Sdn Bhd and Mulpha International Bhd .

IIB owned investment agency of the federal government and the states, including Khazanah Nasional Bhd , the Employees Provident Fund (EPF ) and Infrastructure Group People Johor ( KPRJ ) , wholly owned by the Government of*johor.

 

[Market]

Happened to see the LTA camera coverage of the Tuas and Woodlands checkpoints this morning at around 7.30am.
Both ways at Tuas was severely jammed, with the incoming side from Msia filled with motorbikes taking the entire incoming section. Cars were in a single lane coming in from the outgoing lane.
Quite a lot of pressure for those who need to do it on a daily commute.
The bigger surprise was the long line of cars going into Msia at 7.30am as well.
Is that the usual Friday effect?

 

[Daydreamer]

I suppose BWV will be officially having their own MCST committee from today onwards to take care of their own estate affairs?

Yes. And own accountant I think. Lets see how it plan out.

 

[Daydreamer]

Happened to see the LTA camera coverage of the Tuas and Woodlands checkpoints this morning at around 7.30am.
Both ways at Tuas was severely jammed, with the incoming side from Msia filled with motorbikes taking the entire incoming section. Cars were in a single lane coming in from the outgoing lane.
Quite a lot of pressure for those who need to do it on a daily commute.
The bigger surprise was the long line of cars going into Msia at 7.30am as well.
Is that the usual Friday effect?

The outbound Tuas is those "lucky Friday off" for this long weekend trip up north. Tonight outbound will be the killer. Expect at least 2 hrs queue to go through the checkpoint.

 

[Valdez]

Heard there was a robbery at palm grove on wed. Waiting for LF management for confirmation.

 

[Market]

Heard there was a robbery at palm grove on wed. Waiting for LF management for confirmation.

Oh no, I hope no one was hurt.
Curious how the robber managed to get past the two level of security.
Might be internal culprit?

 

[Daydreamer]

Oh no, I hope no one was hurt.
Curious how the robber managed to get past the two level of security.
Might be internal culprit?

Same house they hit 5 years ago. The house is tuck away near the jungle, very vulnerable IMO. It's near the 2nd entrance which is unman after certain hours (bad idea).

 

[PuteriWorld]

lucky I now buy into condos which has 4-tier security. The last tier is when the concierge escort the visitors up and I hope they are shrewd enuff not to escort robbers into my house

Oh no, I hope no one was hurt.
Curious how the robber managed to get past the two level of security.
Might be internal culprit?

 

[Daydreamer]

lucky I now buy into condos which has 4-tier security. The last tier is when the concierge escort the visitors up and I hope they are shrewd enuff not to escort robbers into my house

Thats no point of living in fear.

 

[PuteriWorld]

Recently many people live in FEAR that they cant get their CPF back also.

Thats no point of living in fear.

 

[FHBH12]

Recently many people live in FEAR that they cant get their CPF back also.

CPF is your money. Only the medisave part you cannot touch when you go into another world.

There are many jokers who want to spend their money upon retirement and expect other tax payers to fund their retirement. CPF Life is to prevent that.

 

[PuteriWorld]

The irony is that its your money but you cant get it upon retirement. Thats so sad

CPF is your money. Only the medisave part you cannot touch when you go into another world.

There are many jokers who want to spend their money upon retirement and expect other tax payers to fund their retirement. CPF Life is to prevent that.

 

[Market]

The irony is that its your money but you cant get it upon retirement. Thats so sad

Not everyone would be as wise as PW to have the experience to have timed the market well by investing into so many properties globally early on to get the passive income.
It would be prudent for the SG govt to plan according to the lowest denominator of the financially less literate masses.
Many people underestimate how long they might be able to live, often times outliving their accumulated wealth.

 

[PuteriWorld]

With so many china babes coming in, its quite wise of the govt to control the people's saving and lose it elsewhere

Not everyone would be as wise as PW to have the experience to have timed the market well by investing into so many properties globally early on to get the passive income.
It would be prudent for the SG govt to plan according to the lowest denominator of the financially less literate masses.
Many people underestimate how long they might be able to live, often times outliving their accumulated wealth.

 

[Market]

With so many china babes coming in, its quite wise of the govt to control the people's saving and lose it elsewhere

Say what you want about Temasek and GIC, they are still respected in the institutional investor circle along the likes of the Norwegian Sovereign Wealth Fund and other similar sovereign related funds (CIC, Abu Dhabi amongst others).

If one is to invest in the market, one has to assume the downside risks alongside potential upside returns. Many investors would have gotten affected during 2007 global financial crisis, and recovered after that if one was to hold on the the investments which did recovered (e.g. Citi shares amongst others).

If one were to compare with Malaysia, there would be other scandals related to sovereign related funds as well. Just read the link:
http://www.asiasentinel.com/politics/fund-scandal-looms-malaysia/

I am not saying that one country is better than the other. There is no perfect scenario in life.

Malaysia is coming on strong as a developing nations, thus, it would be considered a higher risk/higher return investment option.

Singapore has already reached a developed nation status since many years back. Thus, one cannot expect equivalent level of risk/return ratio and potential.

Speaking of foreign talents/investments, that is not a problem that is isolated to Singapore.

Just speak to any Malaysians and they would consider the foreigners buying/investing in their countries as such too. These foreign investors include Singaporean, Japanese, British and many other nationalities who had invested into their country as well. They have contributed to higher prices in properties too.

You just have to look around Malaysia to note that they do import a low of low skilled/cost labour as well. There are many Indonesian, Myanmese, Nepalese, Bangladeshi and other nationalities there too.

No one has brought up the issue that many African visitors would have stayed in Malaysian and some had created issues for the locals as well.

One should not be too critical of one's country when it had given him the opportunity to accumulate wealth to invest into another country.

Let's be grateful and count your blessings.