The information in this thread is really useful for me to understand my requirements before making my investment in JB. I did my homework and categorized us into three main categories. There are three projects which are widely discussed in this thread so I decided to categorize them based on these three projects; NI, HH and EL.
Nusa Idaman (NI), investors or home buyers who are:
1) Gaining faith in JB property market but still having some doubts, hence not willing to invest too much yet
2) Only willing to invest RM500k-700k (RM500k, minimum price for foreigners to invest) for a weekend home which might turn out to be a retirement home at the later stage or permanent home for the family
3) Only interested in gated and guarded homes
4) Wanted to stay near to the heart of Bukit Indah; Jusco, banks, etc (1-2km away)
5) Only interested in buying from reputable developers such as UEM. This is to avoid having to invest into smaller timer developer who may just abandon their projects during construction stage
Horizon Hill (HH)
1) Having good faith in JB property market and very positve that Malaysian government will make Iskandar project a success story
2) Willing to invest RM700k-1.5mil for a home in JB. Most probably have already decided that we are moving our family permanently to JB
3) Only interested in gated and guarded homes with a golf course facilities nearby
4) Wanted to stay near to the heart of Bukit Indah; Jusco, banks, etc (2-3km away)
5) Only buying from good developer (Gamuda/UEM)
East Ledang (EL)
1) Almost certain that Iskandar project is going to be very successful
2) Willing to invest RM1.5-4mil for a home in JB.
3) Only interested in gated and guarded homes
4) Only interested in buying from reputable developers such as UEM. This is to avoid having to invest into smaller timer developer who may just abandon their projects during construction stage
5) Too much cash lying around...
just kidding
I am definitely not having too much cash lying around...
so I could either be in HH or NI category. However at the moment I think I would consider myself in NI. Apart from the reasons listed above, I think there is another hidden factor which may make NI a better choice from short-term capital appreciation perspective.
Correct me if my analysis is incorrect k?
Intermmediate lots for phase 7 & 8 are priced between RM450-490k and corner lots are priced higher than RM500k. I am sure some of us would prefer it to be priced slightly higher to breach the RM500k mark for intermmediate units. However this is not the case now. Anyway assuming that I bought a corner/end lot unit in NI and if few months later the developer decided to increase the price of the intermmediate units for phase 7 & 8 to RM500k to attract more foreign buyers, wouldnt my unit also benefit from the price increased? Which also translate to short-term capital appreciation. Or upon completion, sub-sale for intermmediate units are priced above RM500k due to the demand from the above mentioned NI category investors. So eventually we all know that NI properties are almost surely going to increased by RM10-50k at the very least upon completion.
Recently I booked a unit in NI, still deciding whether to proceed with it or not. If my analysis is correct, I would have easily make RM10-50k in a few months by just signing the SPA now. If yes then should I be getting more than one unit to double up the advantage?
I am informed that phase 8 launched around Oct2011 and completing mid of next year. Phase 7 launched around June2011 and is completing end of this year! Correct me if my information is wrong coz I am doubting it as well.