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Living in JB
- Thread starter wuqi256
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Re: Investing in Nusajaya
Wow I can see that you are really keen about properties and investment in Malaysia ...
How do you compare such JV with our GICs vs the all Malaysian GICs . In term of value , quality , chances of sucess ,any differances ? So far I can see they are quite good in term of quality . Look at Sutera Mall , it is one of the best in JB dispite the so so location. Their shophouses is very well layout , look very neat vs those at Bestari / Indah area. Biz there are good dispite the so so location. I miss big time to buy their shophouses when it was 800K , now they wanted 2.5M for those near the mall / front rows. Ended up bought one at Bestari , biz fark even though the location is supposed to be better. :(
Wow I can see that you are really keen about properties and investment in Malaysia ...
How do you compare such JV with our GICs vs the all Malaysian GICs . In term of value , quality , chances of sucess ,any differances ? So far I can see they are quite good in term of quality . Look at Sutera Mall , it is one of the best in JB dispite the so so location. Their shophouses is very well layout , look very neat vs those at Bestari / Indah area. Biz there are good dispite the so so location. I miss big time to buy their shophouses when it was 800K , now they wanted 2.5M for those near the mall / front rows. Ended up bought one at Bestari , biz fark even though the location is supposed to be better. :(
Re: Investing in Nusajaya
Wow 50cts sell for 200psf ! no wonder we are getting poorer, the rich get richer !
Wow 50cts sell for 200psf ! no wonder we are getting poorer, the rich get richer !
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Re: Investing in Nusajaya
Anyways, i was refering to the less famous Lee Rubber Lee family, not the Lee Dynasty Lee Family.
Many locals in the early days bought into Tanah Sutera because of Pelangi Berhad's good reputation. The entire Tanah Sutera development is a well planned one, from the mall to the commercial and residential area. It still is and has remained one of the favourite local community towns. Singaporeans who vested in the early days had faith in Kep, Cap and Lee Rubber.
Now Malaysia Gov fund PNB has acquired Pelangi Berhad, merged it with other acquired developer, namely Petaling Garden, Island and Peninsular into one big useless government linked developer.
Anyways, i was refering to the less famous Lee Rubber Lee family, not the Lee Dynasty Lee Family.
Many locals in the early days bought into Tanah Sutera because of Pelangi Berhad's good reputation. The entire Tanah Sutera development is a well planned one, from the mall to the commercial and residential area. It still is and has remained one of the favourite local community towns. Singaporeans who vested in the early days had faith in Kep, Cap and Lee Rubber.
Now Malaysia Gov fund PNB has acquired Pelangi Berhad, merged it with other acquired developer, namely Petaling Garden, Island and Peninsular into one big useless government linked developer.
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Re: Investing in Nusajaya
http://www.themalaysianinsider.com/...a-malaysian-capitaland-with-sunrise-takeover/
UEM aims to become the Malaysian's Capitaland.
The way I see it, UEM is trying to become like Capitaland. Setia is more like Far East Organisation.
The all Malaysian GLCs now are very much different from the past Mahathir led GLCs. The Khazanah group is now better managed. So things can become much better.
But there is a big advantage for them. How they even tendered to become the master developer of Nusajaya is still unknown. So they are able to clinch contracts from the government and sub contract out (they call it Ali BABA). They JV with UM land, Gamuda Land, Temasek, sold a big portion to the middle easterns (Medini). In Singapore, Capitaland, Keppel Land or any other GLC developer has to bid for land openly and fairly.
Another big advantage for being the master developer, UEM can do lots of land planning, it advice where to build a new coastal highway that will benefit it's own development all using tax payer's money to fund the project.
This is just one example.
They had also converted some leasehold development in Danga Bay to freehold, so easy to approve meh?
Sutera development is well managed because we know Cap and Kep are experts. Not just in residential area, but the MALL too! They have done very well in management and layout of shoplots. I agree too, they are able to turn a wet swamp land and plantation in a so so area around.
I think UEM is slowly gaining experience and expertise since taking over sunrise. They have less to lose.
Hard to answer your question leh, because things are changing! Last time where got Iskandar Malaysia!
http://www.themalaysianinsider.com/...a-malaysian-capitaland-with-sunrise-takeover/
UEM aims to become the Malaysian's Capitaland.
The way I see it, UEM is trying to become like Capitaland. Setia is more like Far East Organisation.
The all Malaysian GLCs now are very much different from the past Mahathir led GLCs. The Khazanah group is now better managed. So things can become much better.
But there is a big advantage for them. How they even tendered to become the master developer of Nusajaya is still unknown. So they are able to clinch contracts from the government and sub contract out (they call it Ali BABA). They JV with UM land, Gamuda Land, Temasek, sold a big portion to the middle easterns (Medini). In Singapore, Capitaland, Keppel Land or any other GLC developer has to bid for land openly and fairly.
Another big advantage for being the master developer, UEM can do lots of land planning, it advice where to build a new coastal highway that will benefit it's own development all using tax payer's money to fund the project.
This is just one example.They had also converted some leasehold development in Danga Bay to freehold, so easy to approve meh?
Sutera development is well managed because we know Cap and Kep are experts. Not just in residential area, but the MALL too! They have done very well in management and layout of shoplots. I agree too, they are able to turn a wet swamp land and plantation in a so so area around.
I think UEM is slowly gaining experience and expertise since taking over sunrise. They have less to lose.
Hard to answer your question leh, because things are changing! Last time where got Iskandar Malaysia!
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Re: Investing in Nusajaya
Lee Kong Chian!
His wealth is unknown, but to say it is many times more than the Ng Teng Fong family is an understatement.
Lee Kong Chian!
His wealth is unknown, but to say it is many times more than the Ng Teng Fong family is an understatement.
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Re: Investing in Nusajaya
err... overstatement you mean?
The Lee group in Malaysia has the same parents as the OCBC Lees in SG
err... overstatement you mean?
The Lee group in Malaysia has the same parents as the OCBC Lees in SG
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Re: Investing in Nusajaya
I thought nowadays everybody use PVC pipes... dint know people still use copper pipes... but i'm pretty sure PVC is fine.
I used to own an old HDB flat in SG and the metal pipes corroded like hell, causing seepage between floors.
As for termites, i would imagine developers do a treatment before building on new grounds. We had a lot of argument in SG on termites. Termites attacked some of the ground floor units in an FEO condo and there were many theories put forward by the developer:
1) The ground was treated for termites, but termites could bore a hole from neighbouring land parcel into your existing ground
2) There are diff types of termites.. there are those that could fly hence infesting a treated ground.
I said to them: BULLSHIT ! The ground was not treated... or not properly treated - the company that certified the treatment colluded with main con / developer so that costs were kept to minimum !
I thought nowadays everybody use PVC pipes... dint know people still use copper pipes... but i'm pretty sure PVC is fine.
I used to own an old HDB flat in SG and the metal pipes corroded like hell, causing seepage between floors.
As for termites, i would imagine developers do a treatment before building on new grounds. We had a lot of argument in SG on termites. Termites attacked some of the ground floor units in an FEO condo and there were many theories put forward by the developer:
1) The ground was treated for termites, but termites could bore a hole from neighbouring land parcel into your existing ground
2) There are diff types of termites.. there are those that could fly hence infesting a treated ground.
I said to them: BULLSHIT ! The ground was not treated... or not properly treated - the company that certified the treatment colluded with main con / developer so that costs were kept to minimum !
Re: Investing in Nusajaya
No wonder you are interested in undervalued land in Iskandar.
At just 23 yrs old, your hard work in your research on property investment has already yielded more knowledge than many of the novice investors whom already made it to be entry-level millionaires from properties. Your challenge now is how you can draft out a plan to get capital in order to turn your knowledge into action. (eg. one of my friend, having no money, convinced a few rich investors with his biz plan and they came out with SGD1 mil for him to set up that biz)
No wonder you are interested in undervalued land in Iskandar.
At just 23 yrs old, your hard work in your research on property investment has already yielded more knowledge than many of the novice investors whom already made it to be entry-level millionaires from properties. Your challenge now is how you can draft out a plan to get capital in order to turn your knowledge into action. (eg. one of my friend, having no money, convinced a few rich investors with his biz plan and they came out with SGD1 mil for him to set up that biz)
Re: Investing in Nusajaya
Great ! No wonder all the highway entry/exit point all so near to UEM / Setia development.
http://www.themalaysianinsider.com/...a-malaysian-capitaland-with-sunrise-takeover/
UEM aims to become the Malaysian's Capitaland.
The way I see it, UEM is trying to become like Capitaland. Setia is more like Far East Organisation.
The all Malaysian GLCs now are very much different from the past Mahathir led GLCs. The Khazanah group is now better managed. So things can become much better.
But there is a big advantage for them. How they even tendered to become the master developer of Nusajaya is still unknown. So they are able to clinch contracts from the government and sub contract out (they call it Ali BABA). They JV with UM land, Gamuda Land, Temasek, sold a big portion to the middle easterns (Medini). In Singapore, Capitaland, Keppel Land or any other GLC developer has to bid for land openly and fairly.
Another big advantage for being the master developer, UEM can do lots of land planning, it advice where to build a new coastal highway that will benefit it's own development all using tax payer's money to fund the project.
They had also converted some leasehold development in Danga Bay to freehold, so easy to approve meh?
Sutera development is well managed because we know Cap and Kep are experts. Not just in residential area, but the MALL too! They have done very well in management and layout of shoplots. I agree too, they are able to turn a wet swamp land and plantation in a so so area around.
I think UEM is slowly gaining experience and expertise since taking over sunrise. They have less to lose.
Hard to answer your question leh, because things are changing! Last time where got Iskandar Malaysia!
Great ! No wonder all the highway entry/exit point all so near to UEM / Setia development.
What is market price like now ? Waiting for it to come down leh , it hurt the pocket to buy now.
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Blossom Residences EC @ Segar, 1055 sqft their price range is between $720 to $780. Guess the agent wanted to try his luck on appeal to close the deal
You mean we can get the MACS done at Jusco Bukit Indah, besides 2nd Link or Causeway?
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Blossom Residences EC @ Segar, 1055 sqft their price range is between $720 to $780. Guess the agent wanted to try his luck on appeal to close the deal
this is new to me , didnt know can appeal ....
maybe applies to EC but not hdb ...
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Re: Investing in Nusajaya
Hi Odyssey,
Seems like majority of the HH owners here are either buying for own stay or long term investment. Besides iproperty.com.my, u may wanna try out thinkproperty.com.my and type in "Horizon Hills"? Returns quite a few listings and some are new units. All the best in your house-hunting!
Hi Odyssey,
Seems like majority of the HH owners here are either buying for own stay or long term investment. Besides iproperty.com.my, u may wanna try out thinkproperty.com.my and type in "Horizon Hills"? Returns quite a few listings and some are new units. All the best in your house-hunting!
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