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True, can take flight better go, no need to take plane, drive to KL can already, this time the wind not blowing the haze there. Maybe the way to KL already jammed?
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Living in JB 3 (Johore)
- Thread starter wuqi256
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True, can take flight better go, no need to take plane, drive to KL can already, this time the wind not blowing the haze there. Maybe the way to KL already jammed?
Wanna ask if refinancing a property at m'sia after the lock-in period, normally how many % the bank would give based on new valuation amount?
Is it still 90% of the new valuation amount?
Cos heard a banker mentioned the maximum is only 70% based on the new valuation amount, is it true?
Is it still 90% of the new valuation amount?
Cos heard a banker mentioned the maximum is only 70% based on the new valuation amount, is it true?
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- Jun 16, 2011
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[h=1]Johor condo delays upset S'pore buyers[/h] [h=2]Complaints also include changes to the plans and completion date
[/h] By Rachael Boon
Straits Times, 24 June 2013
A GROUP of Singaporeans who bought units in a Johor Baru condominium have faced repeated construction delays, changes to the plans and confusing information about when the complex will be ready.
The developer says some of the delays stem from labour shortages and problems sourcing materials. It also says some buyers did not fully understand the terms of the contract.
Investors have asked about the completion date five times for the 602-unit KSL D'Esplanade Residence, only to be told it has been put back.
One told The Straits Times that when he bought his RM750,000 (S$298,800) unit two years ago, the developer told him that the project was already 80 per cent complete.
But in April this year, buyers were told that the development - it sits on top of KSL City Mall as part of a mixed-use development with a hotel - was still only 80 per cent complete and expected to be ready in July.
KSL Holdings, a Malaysian company listed on the Kuala Lumpur Stock Exchange, is still marketing the condominium, and the average price is RM950 per sq ft. Unit sizes range from 1,267 sq ft to 2,023 sq ft.
A spokesman for developer KSL Holdings told The Straits Times that the 80 per cent completion rate cited in 2011 referred to the lower floors and that "every floor has a different completion date".
She noted that just like in Singapore, projects are given a five-year grace period for completion.
"But projects first get three years unless you apply for an extension, which we did not plan for. If we had applied for the extension to five years, this year would have been the fifth year, and we'd be in time to complete the project."
The firm said the sales and purchase agreement begins only on the date of purchase, not the day which construction started. That means every buyer's three-year duration started at a different date. It also means if the project is completed within three years of the sales and purchase agreement, there is little disgruntled buyers can do.
The KSL spokesman noted that completing the project within three years would have been difficult given manpower issues over the past two years caused by government curbs on foreign labour. She said that the condo was completed last month, apart from glass installations that were affected by late supplies.
When The Straits Times visited the site earlier this month, workers were installing the last glass panel and said the development is expected to be completed next month.
But delays are not the only issue for the 10 or so Singaporean buyers who came together on an online forum. They claim they are being short-changed as the project now does not fully reflect the plans at time of purchase.
The brochures said the hotel would have amenities including an 18-hole mini-golf course but last October, buyers found out it had been replaced by a water theme park.
A Singaporean buyer who declined to be named said: "I did not buy the unit to stay next to a wonderland."
The KSL spokesman said: "That area is not part of the residential area; it belongs to the hotel, and the hotel management has the right to change anything."
The experience has left some fed-up buyers regretting they did not read the fine print more closely. The buyer warned: "Check the surveyor report and the clauses in the contract, and what is named in the brochure before you decide to purchase."
[/h] By Rachael Boon
Straits Times, 24 June 2013
A GROUP of Singaporeans who bought units in a Johor Baru condominium have faced repeated construction delays, changes to the plans and confusing information about when the complex will be ready.
The developer says some of the delays stem from labour shortages and problems sourcing materials. It also says some buyers did not fully understand the terms of the contract.
Investors have asked about the completion date five times for the 602-unit KSL D'Esplanade Residence, only to be told it has been put back.
One told The Straits Times that when he bought his RM750,000 (S$298,800) unit two years ago, the developer told him that the project was already 80 per cent complete.
But in April this year, buyers were told that the development - it sits on top of KSL City Mall as part of a mixed-use development with a hotel - was still only 80 per cent complete and expected to be ready in July.
KSL Holdings, a Malaysian company listed on the Kuala Lumpur Stock Exchange, is still marketing the condominium, and the average price is RM950 per sq ft. Unit sizes range from 1,267 sq ft to 2,023 sq ft.
A spokesman for developer KSL Holdings told The Straits Times that the 80 per cent completion rate cited in 2011 referred to the lower floors and that "every floor has a different completion date".
She noted that just like in Singapore, projects are given a five-year grace period for completion.
"But projects first get three years unless you apply for an extension, which we did not plan for. If we had applied for the extension to five years, this year would have been the fifth year, and we'd be in time to complete the project."
The firm said the sales and purchase agreement begins only on the date of purchase, not the day which construction started. That means every buyer's three-year duration started at a different date. It also means if the project is completed within three years of the sales and purchase agreement, there is little disgruntled buyers can do.
The KSL spokesman noted that completing the project within three years would have been difficult given manpower issues over the past two years caused by government curbs on foreign labour. She said that the condo was completed last month, apart from glass installations that were affected by late supplies.
When The Straits Times visited the site earlier this month, workers were installing the last glass panel and said the development is expected to be completed next month.
But delays are not the only issue for the 10 or so Singaporean buyers who came together on an online forum. They claim they are being short-changed as the project now does not fully reflect the plans at time of purchase.
The brochures said the hotel would have amenities including an 18-hole mini-golf course but last October, buyers found out it had been replaced by a water theme park.
A Singaporean buyer who declined to be named said: "I did not buy the unit to stay next to a wonderland."
The KSL spokesman said: "That area is not part of the residential area; it belongs to the hotel, and the hotel management has the right to change anything."
The experience has left some fed-up buyers regretting they did not read the fine print more closely. The buyer warned: "Check the surveyor report and the clauses in the contract, and what is named in the brochure before you decide to purchase."
Hi,
I have bad experiences with KSL in a property near to KP. Besides the sales, the management team also play "taichi". never give any confirmation, even with it is verbally and not trustable. sigh.
My experience is like buying PI car in Singapore. again long story, promises never deliver. Just be carefully at all times.
I have bad experiences with KSL in a property near to KP. Besides the sales, the management team also play "taichi". never give any confirmation, even with it is verbally and not trustable. sigh.
My experience is like buying PI car in Singapore. again long story, promises never deliver. Just be carefully at all times.
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Msia govt has improved to hourly API readings.
"We are giving it out every hour due to the public's request," she said.
The updates can be viewed at http://www.nre.gov.my/malay/Pages/defaultnre.aspx "
http://thestar.com.my/news/story.asp?file=/2013/6/25/nation/20130625103947&sec=nation
"We are giving it out every hour due to the public's request," she said.
The updates can be viewed at http://www.nre.gov.my/malay/Pages/defaultnre.aspx "
http://thestar.com.my/news/story.asp?file=/2013/6/25/nation/20130625103947&sec=nation
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this is the hourly reading for today 25 Jun 13:
http://www.nre.gov.my/Malay/Documents/IPU/Status IPU.pdf
http://www.nre.gov.my/Malay/Documents/IPU/Status IPU.pdf
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this is the reading for Johor today 26 Jun 13, 3pm:
Pasir Gudang, JOHOR 59*
Larkin, JOHOR 60*
Muar, JOHOR 66*
Kota Tinggi, JOHOR 74*
Nota/Note: * = Habuk Halus (PM10)
http://www.nre.gov.my/Malay/Documents/IPU/Status IPU.pdf
Pasir Gudang, JOHOR 59*
Larkin, JOHOR 60*
Muar, JOHOR 66*
Kota Tinggi, JOHOR 74*
Nota/Note: * = Habuk Halus (PM10)
http://www.nre.gov.my/Malay/Documents/IPU/Status IPU.pdf
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My data input show IM condo price should not exceed RM215psf if similar property cost S$1200psf in Singapore 
Probably can take this as the baseline should IM property bubble burst, walao very siong...
Population : 0.31
Land : 3
Location : 0.7
Infrastructure : 0.4
Safety : 0.25
Living cost : 0.6
Spacious : 2
Education : 0.3
Stressful : 0.2
Cooling measures : 0.5
Probably can take this as the baseline should IM property bubble burst, walao very siong...
Population : 0.31
Land : 3
Location : 0.7
Infrastructure : 0.4
Safety : 0.25
Living cost : 0.6
Spacious : 2
Education : 0.3
Stressful : 0.2
Cooling measures : 0.5
My data input show IM condo price should not exceed RM215psf if similar property cost S$1200psf in Singapore
Probably can take this as the baseline should IM property bubble burst, walao very siong...
Population : 0.31
Land : 3
Location : 0.7
Infrastructure : 0.4
Safety : 0.25
Living cost : 0.6
Spacious : 2
Education : 0.3
Stressful : 0.2
Cooling measures : 0.5
Yup, the outcomes always subject to how we view each factors. So each individual has their own value of each factor, the calculation just helps to quantify all factors into the value of IM based on our view on various factors. Is the outcome matching your expectation?
Anyhow, take the outcomes with pinch of salt, hope you enjoy it.
Last edited:
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haha...maybe you can include other factors like food, people, corruption etc.
Anyway it is very good effort and i believe many would appreciate, thanks!
Anyway it is very good effort and i believe many would appreciate, thanks!
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Can also include other factors like earn S'pore $$.. & buy in M'sia??
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this is the reading for Johor today 27 Jun 13, 3 pm:
Pasir Gudang, JOHOR 81c
Larkin, JOHOR 70c
Muar, JOHOR 71*
Kota Tinggi, JOHOR 75*
Nota/Note: * = Habuk Halus (PM10) c = Ozon (O3)
a = Sulfur Dioksida (SO2) d = Karbon Monoksida (CO)
b = Nitrogen Dioksida (NO2) & = Lebih daripada satu pencemar
Pasir Gudang, JOHOR 81c
Larkin, JOHOR 70c
Muar, JOHOR 71*
Kota Tinggi, JOHOR 75*
Nota/Note: * = Habuk Halus (PM10) c = Ozon (O3)
a = Sulfur Dioksida (SO2) d = Karbon Monoksida (CO)
b = Nitrogen Dioksida (NO2) & = Lebih daripada satu pencemar
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wow , not sure this news real or not :
Watch out: heard from the internal sources that new cooling measurement in Johor will be launched on 1 July 2013. One of the measurements is any new property (landed or condo) is disallowed to resell to foreigners within 5 years since TOP. More to be confirmed...
Watch out: heard from the internal sources that new cooling measurement in Johor will be launched on 1 July 2013. One of the measurements is any new property (landed or condo) is disallowed to resell to foreigners within 5 years since TOP. More to be confirmed...
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If true, then it is too excessive. Quite devastating to the resale market, however not surprise as we know what kind of government is running the country.
On other hand, delighted to know Malaysia Passport holders need not apply visa prior entering Japan from 1 July 2013.
Good news and bad news :(
On other hand, delighted to know Malaysia Passport holders need not apply visa prior entering Japan from 1 July 2013.
Good news and bad news :(
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Sounds very interesting.
If true, the internal source must have dumped everything and run for the door. Too bad for us as no time to run now.
If true then it is back to the M era where they can backdate a law 3 years back and sayonara to all investors in Malaysia.
So many versions floating around. But I think some controls on DIBS is good, as it is the key instrument use for flipping.
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