Hi IskandarRocks,
You posted questions about East Ledang and Puteri Harbour just 2 months ago and now you've already bought both? East Ledang landed plus Puteri Harbour's Imperia? I mean that's great to hear, you are one who acts and not just talk.
Yes, you have noticed well. I did act fast and picked up a EL landed and Imperia. I was quite convinced about the potential after 2-3 visits. Of course, the wealth of information on this forum was definitely the accelerator. Many thanks to all of you.
For some of you who have questions about Imperia, the price at pre-launch (from what I remember) started at RM 550 psf and goes all the way to RM 800 psf. This one has no bumi units from what I understand. The ones (3 bedrooms) facing the marina are significantly more, on a psf basis, than the ones that face the office block. On the day of the soft launch, they had received payments for around 60 units and were waiting for a wire transfer for another 20 units from Japanese buyers who were looking into the MM2H program. Not sure what the current number after adds and dropouts are. This is out of a total of 250 units. Given that I have not seen a single advertisement, I consider this to be pretty good. As someone mentioned, the full-launch will be in November and they were talking about bumping up the prices.
In terms of the developments, as you all know, Traders Hotel and Indoor Theme Park are coming up fast. I was also told that Legoland is putting a lot of pressure on UEM Land to get the CIQ center going fast so that they can start ferrying in visitors to the theme park once it opens next year. Not sure how soon this will happen but this should help boost the potential.
What is better? Ujana or Imperia? I was asking the same question earlier. Ujana is sold out. The new launch at East Ledang is Impiana. Pricing is different, as it was from RM 400 to RM 600 range. To me, Impiana sounded more like an upper-mid market segment. The targeted residents would be students at Educity. Imperia, on the other hand, is positioned at high end or luxury and the target residents would be professionals and executives. So it really depends on what you are looking at as well as your appetite for risk. Imperia is definitely riskier, as it is more expensive and there are fewer firmed up developments around Puteri Harbour (meaning under construction) compared with East Ledang. My decision towards Imperia was based on the potentailly fantastic views of the harbour, located near future CIQ, and also the quality of finishings as noticed in the show units. Hope this helps.
Congrats and thanks for sharing. As long as you like the place and can enjoy it for own leisure or long term stay, then investment risk is much lower
Your East Ledang terrace is in which phase?
Thanks Much! Yes, fully agree with you Investor. For me, this is very long term, and I like Marinas and Harbours. So you are absolutely right, the level of risk from my personal perspective is very low.
East Ledang - Phase 3A, Melody Park. Terraces and Semi Ds were all sold out by the time I got to know about this.
Oops, sorry for the downgrade by me, my bungalow friend :p Just your bungalow's investment value alone is already more than the value of all my present units in Nusajaya added up.
You said, "were all sold out by the time I got to know about this(Nusajaya)". That was one of the reason why I invested in Nusajaya since last year 2010. I believe that as the catalist projects materialized along the way, there will be more and more new demands for properties in Nusajaya from the many(Malaysians and Singaporeans just like yourself) who will then only start to visit Nusajaya for the first time.
Yes, many have heard about Nusajaya, but this unique chance(slow and delayed demand) only happens in Malaysia as people simply Do Not believe that the Malaysian government can succeed in such mega projects. Most of us who visited Nusajaya knows that this city is a 'see to believe city', if you don't visit it personally, you won't believe that it'll materialize.
Luckily for us, we've visited Nusajaya earlier than others and have seen
1) Already developed projects like Kota Iskandar, Puteri Harbour, Columbia Asia, Horizon Hills etc.
2) Government commitments - Newly developed infrastructure like highways, city's roads, new police stations etc.
3) Massive private sector's committed projects like Medini, Temasek's Wellness Village, Pinewood Studio, Legoland, Childrens' Indoor Theme Park, Mega Mall and Retails(Lifestyle Mall & Medini Square), many hotels eg. Traders Hotel, Gleneagle Hospital, 8 nos. of Universities in EduCity, Marlborough Colleague and... (too many to name).
All the above have given us the confidence in the further progress and prospect of Nusajaya. Just like what our friend Yonglip said,"You don't need a degree to figure that out(he was referring to the prospect of capital appreciation in Nusajaya)
So, Congratulations to all forummers who have bought properties in Nusajaya, we are the early birds for this one