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Living in JB
- Thread starter wuqi256
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Hi i would like to suggest to who are traveling a lot between SG and Msia. Use Flexiroam to make call or to receive call from Msia while in SG. Switch to SG sims and people in Malaysia will call your Msia number and it will forward to your SG sims.. Unlimited call for RM10/day.. It saves roaming cost a lot expecially those who need to make call often.. Currenly Flexiroam giving 3 days roaming FREE.. just sign up at their website.. here:
Though close to my place.. did not visit.. notice the land behind the plot of land for canberra residences is actually a new water plant..
Totally agree with what you say, you write so beautifully!
Blush ...! Thank you. Just an opinion which not all will agree with.
Some Updates on Puteri Habour
Launching soon.... Those who have reserved, you'll need to follow through with first 10% to confirm your unit.
Launching soon.... Those who have reserved, you'll need to follow through with first 10% to confirm your unit.
I have been toying with this idea of interest-offset package for sometime already. Was confounded by the fact that the banks are willing to offer such a good deal--"effectively" raising the interest rate of your savings of the borrowed amount (in FD let's say) to BLR-XX of let's say 4.1%. What was the catch given that FD interest rates are going at 3.3% p.a. averagely?
Then I realised one thing, interest offset is non-interest bearing. In other words, your principle does not ever grow. And given that the borrowed amount is reducing, putting your borrowed amount in FD might be a better deal over time for bros with spare cash. The power of compounding interest.
After 30 years, your principle of $448K would become $1.275mil in your FD account based on 3.55%. Your house with interest paid up over 30 years would be a total of $780K, and you will have access cash to spare.
Btw, RHB is having FD promotion of averaged 3.55% p.a. for 8months FD, till end September.
Hi,
Open a current account with them and put in RM448K cash. under the interest offset plan, the 2 accounts are linked resulting in 0 effective loan. so interest is 0 regardless of interest rate levels.
Don't understand how above can be achieved?>>
Open a current account with them and put in RM448K cash. under the interest offset plan, the 2 accounts are linked resulting in 0 effective loan. so interest is 0 regardless of interest rate levels.
Don't understand how above can be achieved?>>
Mallow i was not wrong!
Please continue.
Please continue.
Totally agree with what you say, you write so beautifully!
Blush ...! Thank you. Just an opinion which not all will agree with.
Wow.. Another blog...but i like it..
Haha...danke.... Just a way of keeping track of things...
New water plant, what is that? Is it same as waste treatment plant? Didn't know about it, only know there is a waste treatment plant at Seletar area, that one can smell it when drive past..
Hey guys, very good news! I have just checked online after my KL friend updated me on FB. Malaysia has just confirmed Foxconn investment project in Kulai!
Malaysia confirms Foxconn investment project
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201108100042
Kuala Lumpur, Aug. 10 (CNA) Taiwan's Foxconn Technology Group has received a licence to invest in Kulai, in Malaysia's Johor State, Malaysia's Ministry of International Trade and Industry confirmed Wednesday.
A ministry official told CNA the Taiwanese electronics titan said the group will produce printer cartridges, employing 1,000 engineers and technicians. It did not disclose the number of general workers that will be required to operate the plant.
The official declined to reveal the amount of capital to be injected into the investment project.
Foxconn received approval May 18 from the Kulai City council to build an industrial park, and construction is currently underway.
According to Malaysian regulations, foreign investment projects with paid-in capital of more than 2.5 million Malaysian ringgit (US$831,532) or a work force of more than 75 full-time workers are required to obtain a licence from the ministry. (By Sun Tien-mei and Lilian Wu) ENDITEM/J
Malaysia confirms Foxconn investment project
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aECO&ID=201108100042
Kuala Lumpur, Aug. 10 (CNA) Taiwan's Foxconn Technology Group has received a licence to invest in Kulai, in Malaysia's Johor State, Malaysia's Ministry of International Trade and Industry confirmed Wednesday.
A ministry official told CNA the Taiwanese electronics titan said the group will produce printer cartridges, employing 1,000 engineers and technicians. It did not disclose the number of general workers that will be required to operate the plant.
The official declined to reveal the amount of capital to be injected into the investment project.
Foxconn received approval May 18 from the Kulai City council to build an industrial park, and construction is currently underway.
According to Malaysian regulations, foreign investment projects with paid-in capital of more than 2.5 million Malaysian ringgit (US$831,532) or a work force of more than 75 full-time workers are required to obtain a licence from the ministry. (By Sun Tien-mei and Lilian Wu) ENDITEM/J
Hi Yonglip bro, welcome to the forum and hope you will like your new home when it's ready! I supposed your unit is a cluster house. I think you have bought the home at a very reasonable price considering other developments nearby are priced higher.
The newer precincts at Bukit Indah are situated further away from the commercial area (Jusco), so definitely not as good as BH in terms of location. HH's cluster homes of around the same built up and land size are selling above 910 K, but I wouldn't compare them because they are of different concepts and market.
The closest alternative I can think of is Nusa Duta (also one of my personal favourite developments), it is also very near to commercial areas. It has a very neat and organised masterplan, good quality, design, touch up and I foresee very good top end management, maintainance and security. Only thing is the built up of cluster homes are only around 2400sf for the same price you're paying, land size is around the same. Good units are already taken up some time ago. What do you think of Nusa Duta?
Hi /0m0\,
welcome! I have always wanted to check out older tamans nearer to the custom/JB sentral as I have always believe the Pelangi area will always remain as the true downtown area so it will always be wang! It has all the fundamentals, being nearer to custom and town and I think the price is reasonable and some are undervalued. But it may get a little congested at times. Nusajaya to JB sentral is like Putrajaya to Kuala lumpur. Both are important cities.
It's also good to have someone who is more senior than us in this forum who is full of drive and energy to share with us your perspectives and views. Maybe you can share with us about the living environment in the Pelangi area. Do you meet Singaporeans who have moved there decades ago, and some who have recently moved there?
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Hi Yonglip bro, welcome to the forum and hope you will like your new home when it's ready! I supposed your unit is a cluster house. I think you have bought the home at a very reasonable price considering other developments nearby are priced higher.
The newer precincts at Bukit Indah are situated further away from the commercial area (Jusco), so definitely not as good as BH in terms of location. HH's cluster homes of around the same built up and land size are selling above 910 K, but I wouldn't compare them because they are of different concepts and market.
The closest alternative I can think of is Nusa Duta (also one of my personal favourite developments), it is also very near to commercial areas. It has a very neat and organised masterplan, good quality, design, touch up and I foresee very good top end management, maintainance and security. Only thing is the built up of cluster homes are only around 2400sf for the same price you're paying, land size is around the same. Good units are already taken up some time ago. What do you think of Nusa Duta?
hi bro..nice to be here man. Nusa Duta is great! i would definitely have bought the Type A (32 x 70, 2592 sqft) if it was not sold out.current launches are around RM740K (beyond budget) and size is bigger. Quality wise, BH is better in terms of internal finishes...timbre..wrought iron railing for staircase and main gate, flushed drainage at land area...and so forth....but ND is further away from highway/wires...like i said no one development is perfect..cheers bro.
I have been toying with this idea of interest-offset package for sometime already. Was confounded by the fact that the banks are willing to offer such a good deal--"effectively" raising the interest rate of your savings of the borrowed amount (in FD let's say) to BLR-XX of let's say 4.1%. What was the catch given that FD interest rates are going at 3.3% p.a. averagely?
ater 30 years, the RM448K indeed does grow to RM1.3million
Then I realised one thing, interest offset is non-interest bearing. In other words, your principle does not ever grow. And given that the borrowed amount is reducing, putting your borrowed amount in FD might be a better deal over time for bros with spare cash. The power of compounding interest.
After 30 years, your principle of $448K would become $1.275mil in your FD account based on 3.55%. Your house with interest paid up over 30 years would be a total of $780K, and you will have access cash to spare.
Btw, RHB is having FD promotion of averaged 3.55% p.a. for 8months FD, till end September.
Hi HH_lover. thanks for the insight man...however your analysis is half right. You are right to say with compounding, RM448K does grow to RM1.3 million after 30 years, however, you also need to compound your instalments per month paid to the banks. i.e. saving up the monthly instalments in savings or FD account. if you do that you realise its more than just the RM800K we are talking here..in fact it is closer to 1.3 million even at just 2.5% p.a. so no real gains from FD route. Also FD result in the money being virtually "stuck"...a big no no for me. this is really no difference from paying off the developer. the interest offset route is practically immune to interest rate movement..whether BLR goes up or down..bo tai chee..this makes the linked current account a de-facto FD that is earning at the lending rate which is definitely much higher than FD rate..cheers bro.
Hi /0m0\,
welcome! I have always wanted to check out older tamans nearer to the custom/JB sentral as I have always believe the Pelangi area will always remain as the true downtown area so it will always be wang! It has all the fundamentals, being nearer to custom and town and I think the price is reasonable and some are undervalued. But it may get a little congested at times. Nusajaya to JB sentral is like Putrajaya to Kuala lumpur. Both are important cities.
It's also good to have someone who is more senior than us in this forum who is full of drive and energy to share with us your perspectives and views. Maybe you can share with us about the living environment in the Pelangi area. Do you meet Singaporeans who have moved there decades ago, and some who have recently moved there?
I believe he means Taman Pelangi Indah (about 15km away from causeway), which is different from the Taman Pelangi in JB town.
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