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Living in JB 2 (Johore)
- Thread starter wuqi256
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Another related news about this ... In particular, the last few paragraphs
The unfair advantage
Foreigners, with their higher currency exchange, are competing with the locals in the landed housing market.
The hike in property prices of the last two years should be a good enough reason to pull out all the plugs that have stifled home ownership among the people.
House prices in the property hot spots of Kuala Lumpur, Petaling Jaya and Penang have way surpassed the affordability level of the average Malaysians and more proactive measures are needed to extend a helping hand to them.
The latest statistics contained in the Property Market Report 2011 by the National Property Information Centre showed that average house prices climbed 6.6% in the fourth quarter of 2011.
Deputy Finance Minister Datuk Donald Lim rightly pointed out that the Government was worried of the emergence of a real estate bubble and did not want a United States sub-prime mortgage crisis in Malaysia.
The situation has to be addressed urgently before the high property prices cause more hardship to the people. Any further hike in housing prices will aggravate the climbing cost of living and derail efforts to promote home ownership.
Bank Negara's measures to rein in rising property prices and deter speculative property buying, including a maximum loan-to-value ratio of 70% for third-time mortgage borrowers and using net personal income calculation instead of gross income to decide on the quantum of loan approved, are showing results.
Banks should be prudent in their lending practices and if the speculative buying persist, tighter lending measures, like a further lowering of the LVR for multiple mortgage borrowers, should be implemented to nip property speculation in the bud.
However, first-time house buyers should be made a priority sector and they should be granted full financing if they met the lending conditions.
To ensure the home ownership programme will be a success, the efforts have to be undertaken holistically with the ultimate objective of making it easy and affordable for all households to own at least a home each.
The programme needs a masterplan that looks into the overall supply and demand scenario in the property market, and should not be undertaken on a piecemeal basis.
Given the importance of the family unit to the well-being of the country's social fabric, ensuring that every household has at least a house of their own will have many spillover benefits for the overall good of the country.
To address the supply side, sufficient land should be allocated to be developed into affordable housing townships that offer well-planned housing units priced between RM200,000 and RM400,000.
Instead of having different authorities or agencies, a dedicated umbrella body in the like of a National Housing Board should be responsible for all the Government's affordable housing initiatives to plan and execute projects for the 1Malaysia Housing Scheme and My First Home Scheme.
A closer scrutiny on the demand side points to the fact that besides strong buying interest by local purchasers, there has been an influx of foreign buyers, including from the Middle East and China, who have been snapping up local properties, thus contributing to the sharp spike in prices.
The situation is further compounded by the market cooling measures undertaken by governments in Singapore, China and Hong Kong to stem price hikes in their property markets.
Besides making it difficult and costly for their own nationals to buy multiple properties, strict conditions have been meted out on foreign buyers.
Last December, Singapore imposed a 10% stamp duty on foreign buyers to control the high number of foreign purchases.
The aim is to prevent property prices from boiling over which may lead to mayhem in the market should a property bubble happen.
Having seen the effect of the spiralling property prices in raising the cost of living,
I believe the holistic measures to contain property prices in our country should include some form of curbs on purchases by foreigners.
In view of the strong interest for landed housing units and sharp price hikes in this product segment, foreign purchasers should be disallowed from buying landed residential properties, except the super high-end ones.
Like in Singapore, landed housing projects, except the super high-end projects on Sentosa island, is made a critical sector that is only exclusive to the local buyers.
Foreigners should only be allowed to buy high-rise properties that are priced at more than RM1mil and multi million ringgit landed housing.
With these measures, the foreigners with their higher foreign exchange advantage will not be competing with the locals in the high demand landed housing sector which is one of the reasons driving prices to the current high levels today.
The unfair advantage
Foreigners, with their higher currency exchange, are competing with the locals in the landed housing market.
The hike in property prices of the last two years should be a good enough reason to pull out all the plugs that have stifled home ownership among the people.
House prices in the property hot spots of Kuala Lumpur, Petaling Jaya and Penang have way surpassed the affordability level of the average Malaysians and more proactive measures are needed to extend a helping hand to them.
The latest statistics contained in the Property Market Report 2011 by the National Property Information Centre showed that average house prices climbed 6.6% in the fourth quarter of 2011.
Deputy Finance Minister Datuk Donald Lim rightly pointed out that the Government was worried of the emergence of a real estate bubble and did not want a United States sub-prime mortgage crisis in Malaysia.
The situation has to be addressed urgently before the high property prices cause more hardship to the people. Any further hike in housing prices will aggravate the climbing cost of living and derail efforts to promote home ownership.
Bank Negara's measures to rein in rising property prices and deter speculative property buying, including a maximum loan-to-value ratio of 70% for third-time mortgage borrowers and using net personal income calculation instead of gross income to decide on the quantum of loan approved, are showing results.
Banks should be prudent in their lending practices and if the speculative buying persist, tighter lending measures, like a further lowering of the LVR for multiple mortgage borrowers, should be implemented to nip property speculation in the bud.
However, first-time house buyers should be made a priority sector and they should be granted full financing if they met the lending conditions.
To ensure the home ownership programme will be a success, the efforts have to be undertaken holistically with the ultimate objective of making it easy and affordable for all households to own at least a home each.
The programme needs a masterplan that looks into the overall supply and demand scenario in the property market, and should not be undertaken on a piecemeal basis.
Given the importance of the family unit to the well-being of the country's social fabric, ensuring that every household has at least a house of their own will have many spillover benefits for the overall good of the country.
To address the supply side, sufficient land should be allocated to be developed into affordable housing townships that offer well-planned housing units priced between RM200,000 and RM400,000.
Instead of having different authorities or agencies, a dedicated umbrella body in the like of a National Housing Board should be responsible for all the Government's affordable housing initiatives to plan and execute projects for the 1Malaysia Housing Scheme and My First Home Scheme.
A closer scrutiny on the demand side points to the fact that besides strong buying interest by local purchasers, there has been an influx of foreign buyers, including from the Middle East and China, who have been snapping up local properties, thus contributing to the sharp spike in prices.
The situation is further compounded by the market cooling measures undertaken by governments in Singapore, China and Hong Kong to stem price hikes in their property markets.
Besides making it difficult and costly for their own nationals to buy multiple properties, strict conditions have been meted out on foreign buyers.
Last December, Singapore imposed a 10% stamp duty on foreign buyers to control the high number of foreign purchases.
The aim is to prevent property prices from boiling over which may lead to mayhem in the market should a property bubble happen.
Having seen the effect of the spiralling property prices in raising the cost of living,
I believe the holistic measures to contain property prices in our country should include some form of curbs on purchases by foreigners.
In view of the strong interest for landed housing units and sharp price hikes in this product segment, foreign purchasers should be disallowed from buying landed residential properties, except the super high-end ones.
Like in Singapore, landed housing projects, except the super high-end projects on Sentosa island, is made a critical sector that is only exclusive to the local buyers.
Foreigners should only be allowed to buy high-rise properties that are priced at more than RM1mil and multi million ringgit landed housing.
With these measures, the foreigners with their higher foreign exchange advantage will not be competing with the locals in the high demand landed housing sector which is one of the reasons driving prices to the current high levels today.
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Agree. It is still feasible to live in JB via renting the place you like without much of the exposure of financial risk due to policies vagaries.
A positive news for KSL... Great for bros whom have vested there 
KSL Resort set to be a hit among travellers
JOHOR BARU: Operator of KSL Resort Johor Baru, one of Malaysia's biggest city hotels, says there is big potential for the hotel industry here.
KSL Resort executive chairman Ku Hwa Seng said the city's average occupancy rate had increased from 68 per cent two years ago to 78 per cent last year.
Riding on this, Ku is confident that KSL Resort will be a hit among travellers and businessmen.
KSL Resort is having its soft opening today.
"Banking on the high occupancy rate, our resort hotel is offering another alternative for tourists and visitors who want a combination of business and leisure during their stay in the city.
"This is not only the biggest hotel in Johor, but also the biggest city hotel in the country," Ku told a media briefing at the hotel on Wednesday.
The five-star resort hotel, built on top of the KSL Mall in Taman Century, will feature 868 rooms in two face-to-face 20-storey tower blocks.
Developed at a cost of RM200 million by KSL Holdings Bhd, the hotel will be fully opened by May 15.
Ku said the resort hotel formed part of the RM1 billion development in the area, which also features the shopping mall, which was opened in December 2010, and an exclusive condominium called D' Esplanade Residence, scheduled for opening in the third quarter of this year.
It is called a resort hotel as the facilities are more that of a resort than a city hotel.
Among the resort facilities coming up at the hotel are a water theme park, electronics golf simulators, a lake-type swimming pool, among others.
Of the total rooms, 596 are superior rooms, 239 are deluxe rooms and 33 are suites.
The resort hotel also boasts the biggest restaurant seating 560 persons.
It will also have a pillarless ballroom on the seventh floor to accomodate up to 1,000 people.
KSL Resort set to be a hit among travellers
JOHOR BARU: Operator of KSL Resort Johor Baru, one of Malaysia's biggest city hotels, says there is big potential for the hotel industry here.
KSL Resort executive chairman Ku Hwa Seng said the city's average occupancy rate had increased from 68 per cent two years ago to 78 per cent last year.
Riding on this, Ku is confident that KSL Resort will be a hit among travellers and businessmen.
KSL Resort is having its soft opening today.
"Banking on the high occupancy rate, our resort hotel is offering another alternative for tourists and visitors who want a combination of business and leisure during their stay in the city.
"This is not only the biggest hotel in Johor, but also the biggest city hotel in the country," Ku told a media briefing at the hotel on Wednesday.
The five-star resort hotel, built on top of the KSL Mall in Taman Century, will feature 868 rooms in two face-to-face 20-storey tower blocks.
Developed at a cost of RM200 million by KSL Holdings Bhd, the hotel will be fully opened by May 15.
Ku said the resort hotel formed part of the RM1 billion development in the area, which also features the shopping mall, which was opened in December 2010, and an exclusive condominium called D' Esplanade Residence, scheduled for opening in the third quarter of this year.
It is called a resort hotel as the facilities are more that of a resort than a city hotel.
Among the resort facilities coming up at the hotel are a water theme park, electronics golf simulators, a lake-type swimming pool, among others.
Of the total rooms, 596 are superior rooms, 239 are deluxe rooms and 33 are suites.
The resort hotel also boasts the biggest restaurant seating 560 persons.
It will also have a pillarless ballroom on the seventh floor to accomodate up to 1,000 people.
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Haven't forgotten la. But I had never thought that u were serious ... U didn't want to come out to meet mah, I thought no chance in this partnership Liao ...
Anyway, with all these rumors (state levy, min purchase price, tightening loan policy etc), how to go in? Btw, just out of curiosity, for two non-related person going in to apply for a loan, will bank entertain?
Anyway, with all these rumors (state levy, min purchase price, tightening loan policy etc), how to go in? Btw, just out of curiosity, for two non-related person going in to apply for a loan, will bank entertain?
Uem is in action again ... More things might be around Kota iskandar/puteri harbour if succeed
UEM Land Holdings Bhd's fully-owned unit, Nusajaya Premier Sdn Bhd (NPSB), has offered to purchase 49.49 hectares of freehold land located in Johor Bahru from Tanjung Bidara Ventures Sdn Bhd for RM93.2 million, according to a report by Bernama.
UEM Land revealed that the proposed acquisition still needs to be approved by the Economic Planning Unit, Estate Land Board, Johor State Authority and other pertinent agencies.
"The land is adjacent to Kota Iskandar and the company's existing prime development in Nusajaya, Puteri Harbour," said UEM Land.
The company noted that the proposed acquisition will allow the group to achieve its original vision for the Puteri Harbour project - a high density urban waterfront development located amidst private and public marinas complemented with high-rise and landed residential properties on both sides.
Barring any unforeseen occurrences, the company expects the planned purchase to be completed in seven months.
UEM Land Holdings Bhd's fully-owned unit, Nusajaya Premier Sdn Bhd (NPSB), has offered to purchase 49.49 hectares of freehold land located in Johor Bahru from Tanjung Bidara Ventures Sdn Bhd for RM93.2 million, according to a report by Bernama.
UEM Land revealed that the proposed acquisition still needs to be approved by the Economic Planning Unit, Estate Land Board, Johor State Authority and other pertinent agencies.
"The land is adjacent to Kota Iskandar and the company's existing prime development in Nusajaya, Puteri Harbour," said UEM Land.
The company noted that the proposed acquisition will allow the group to achieve its original vision for the Puteri Harbour project - a high density urban waterfront development located amidst private and public marinas complemented with high-rise and landed residential properties on both sides.
Barring any unforeseen occurrences, the company expects the planned purchase to be completed in seven months.
For some of u whom have moved in to JB, can enjoy euro 2012 with astro. Envy u ... No need to pay ridiculous price like in sinkieland ! Can invite soccer fans (including me) to watch footie at your house? We'll being beers and food... Promise will clean up the house
Astro Spore specials? wait long long..more likely to be levy for Spore customers
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Erm , can't think of arsenal have provide any useful tips leh. Jokes a lot only ......
Still can get, banks will entertain even if two complete strangers, its not like HDB where they need ROM cert.
Who knows, maybe that will lead to ROM cert.
Don't give up!
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For some of u whom have moved in to JB, can enjoy euro 2012 with astro. Envy u ... No need to pay ridiculous price like in sinkieland ! Can invite soccer fans (including me) to watch footie at your house? We'll being beers and food... Promise will clean up the house
Their sports group subscribers get to watch at no extra charge and I heard for new signups, if you sign on till at least Jan 2013, they will refund you the Euro package money.
But is the satelite dish stable? Sometimes I watch at hotel, bad weather causes the screen to blank out for a while. (no reception)
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Argh ... Like that also angry meh? Okay la, I said all these to hide the real reason, that is, the DoA is poor and no more cash :'( not really anything to do with u ..
Haha bro. Not thinking anything like that! :p
I'm like bro last resort. Must find ways to expand the portfolio, before everything goes out of our reach. Have never given up at all
I'm like bro last resort. Must find ways to expand the portfolio, before everything goes out of our reach. Have never given up at all
Still can get, banks will entertain even if two complete strangers, its not like HDB where they need ROM cert.
Who knows, maybe that will lead to ROM cert.
Don't give up!
J
Gave up. Forumers will only remain forumers. Won't really become friends and hv friendship.
Still can get, banks will entertain even if two complete strangers, its not like HDB where they need ROM cert.
Who knows, maybe that will lead to ROM cert.
Don't give up!
Gave up. Forumers will only remain forumers. Won't really become friends and hv friendship.
We tried to Jio u and organize some outings/dinners last time, but u didn't seem forthcoming also what ...
Ai yo... have lah.. but my tips very subtle... one day when you understand must remember Arsenal lah..
I feel u bro gunner. I have always understood all your subtle hints/tips.
I also can see that u r getting more and more into animals, starting with penguins and birds. I'm sure u will share more tips when u own a mini zoo eventually
I also can see that u r getting more and more into animals, starting with penguins and birds. I'm sure u will share more tips when u own a mini zoo eventually
I started thinking of landed house because of dog.. Bought a dog but no place for it to run around in an apartment. Eventually give it to some dog lover living in a big landed house.
Maybe when I retire one day, I will want to work for the zoo.. and take care of elephants, lions, cleaning their backie and teasing their arm pits...
Maybe when I retire one day, I will want to work for the zoo.. and take care of elephants, lions, cleaning their backie and teasing their arm pits...
I feel u bro gunner. I have always understood all your subtle hints/tips.
I also can see that u r getting more and more into animals, starting with penguins and birds. I'm sure u will share more tips when u own a mini zoo eventually
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