Living in JB

[crystal_tiong]

Re: Investing in Nusajaya

the sales say usually for foreigners , only 80% loan ....
she also said deposit is 10k .....

Hey ct, i dont think its becos of foreigner issue, but actually on your loan approval? EG. 90% loan then no d/pmt needed right? its best to check with bankers on that...any1 knws better? well NS have big corner lots, but i notice their end lots have no garden, its just a flat end lot with a couple of windows on the side. But plus point for NS is the bigger built up, slightly over 2300 sqf, so all up to individual preference/needs

 

[Batok Seri]

Re: Investing in Nusajaya

Here's my take.
Nusa Sentral, Nusa Bayu or similar devts may be cheaper but upside not as good if ever there will be one.

If for investment who is most likely to buy? Prospective Singaporeans subsale buyers prefer upmarket precincts while Johoreans will think you already crazy paying such prices to developers.

If for own stay. Then wouldn't you prefer exclusivity and neighbours of a similar wavelength. Last year I was all besotted by Bandar Dato Onn's Spanish influenced designs. But there was one intermediate joker who painted his whole exterior a bright Hulk shade of green and I went limp thinking of that unit in my field of view everyday.

Nusa Idaman belongs to the tier after EL and HH. Looking at occupied units the crowd there have decent taste. Anyway if you pronounced 'Nusa Idaman' as it should be pronounced, those within earshot will nod and agree...

"Yes... You Da Man.."

 

[lastresort]

Re: Investing in Nusajaya

the sales say usually for foreigners , only 80% loan ....
she also said deposit is 10k .....

Hi Crystal sis, yes the sales is right, usually foreigners can loan up to 80%, but there are also some who managed to loan up to 90%. My family member actually loaned up to 90%. It's possible, but you have to check with the bankers before committing because I believe this is a case by case basis.

 

[lastresort]

Re: Investing in Nusajaya

the sales say usually for foreigners , only 80% loan ....
she also said deposit is 10k .....

Do check if they will rebate the 10k booking fee/deposit as part of the 10% down payment rebate. Also check whether they will absorb all the legal fees, stamp duty, progressive payment etc. Personally, I would prefer ND or NI. In my opinion, Nusa Sentral caters more to the local community. But as what everyone here says, each has their own preferences.

If you don't mind resale, I think you still can find resale unit in The Gateway within your budget.

 

[lastresort]

Re: Investing in Nusajaya

So far, in my own limited experience, rental is only good for certain areas and developments. When they do well though, they really do very well.

I would still suggest to buy the biggest you can reasonably afford for your own stay and to buy mainly smaller units in gated and guarded areas. (Buy only G&G where possible)

Fully agree with what Wuqi Bro says. =)

 

[lastresort]

Re: Investing in Nusajaya

I remember seeing people renting small terrace house at Setia Tropika for rm1500-1800. But that was actual transactions a couple of months back. A rental agent also offered me this price then. But now I see people asking for rm2300. If owner give some discount, I think it might not be far lower then rm2k too. So don't too pessimistic of jb's rental market. I think its all about location, location and LOCATION!

Agree with Cathy sis too. I believe in the longer term, rental market will improve in older matured estates too. All should improve in tandem at different rates though.

 

[lastresort]

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)

Thanks Bro for you continuous encouragement! To be honest, I have slacken quite a lot in my research, most of these research were done before this year. I hope I can convince some taikors here too! =) of course I can be wrong at times, so got a lot more to learn. Later today I am going to the Iproperty expo at MBS, so excited as I will be meeting some special guests from KL.

 

[contra]

Re: Investing in Nusajaya

hello my friends,

i dont know what all the heated fluff has been about in this forum. sometimes I think we are just taking out the stress at work on each other. When our houses in JB ready, I am sure the temperature will come down a lot.

Just to share with you the basic reason I invested and continue to be happy about it .... My job is high pressured and deal with many time zones around the world and all kinds of people. Today I decided to knock off work early after listening to some crap from some sotong ang moh, and go to jb for some peace and sit out the horrendous rainy Friday evening rush hour on the PIE.

Hanged out in jusco bukit indah. always enjoy buying a local mag/paper, and sit to a meal at old town coffee (great sambal in the nasi lemak, it all goes well with their special coffee) and a spot of shopping at Daiso & Jusco. of course the customary car wash and petrol and durian (yes the season is back). The drive on 2nd link back to Singapore is pleasant and cool especially after the rain. I cannot wait for my house in HH to be ready, and the Coastal Highway the great equaliser for proximity to Singapore, plus legoland, premium outlet etc. Wherever you live in JB, I envy you already as what you are enjoying is the atmosphere. where in good ol Singapore can you go a couple of kilometers without seeing a human? The cheap shopping in JB is good for the soul. More importantly the ample space has an indescribable soothing effect. Will help me live longer.

I was really happy to be in bukit indah just now. I hope you can find your spot in jb. If corner/semi-d too exp, Intermediate is just as good. Is more built-up than over here pigeon box. Also more land as corner/sd just means more grass to cut and weeds to pull.

Happy weekend to all.

 

[lastresort]

Bros who are thinking of buying properties here mainly to rent out. Only some areas are good, most aren't so great, at least not yet.

A bro of mine has several and most of his are terraces. His are $2500-$2800. He shared with me only has one family (his tenants) that he likes a lot (i actually recommended them to him if i am not mistaken) so always kept low for them. My semi-d neighbours has no issues with renting out at 5000MYR or more. These are fully furnished units, just sharing some experience in The Gateway, your mileage may vary.

I was able to rent out some units and some references:

The Gateway:
1. Terrace - $2600 MYR
2. Terrace - $2800 MYR
3. Cluster - $3600 MYR

All fully furnished with aircon units, curtains, dining sets, wardrobe sets water heaters, sofa sets, queen/king sized beds, lighting/fans, kitchen stoves, etc. Only things required are some shelves/cupboards and personal clothing. Average of 1-3 months within taking of keys to rent out. Rented without the use of agents except for the Cluster one as i wanted a higher price.

Bro Wuqi or any bro/sis here who has rented out your unit. Can I check with you whether you're currently contributing to the income tax when you rent out the units. Is it 26% after all expenses? I don't know whether this rule is the same as all other states.

 

[lastresort]

Wuqi, health is worth much more than wealth ...

Hope bro Wu is alright by now.. Health more important than wealth!

 

[lastresort]

Two things to share today.

1) Heading into HH/EL from Tuas, saw massive jam at 2nd link around Gelang Patah side heading into Singapore around 7 plus am. This is the first time I have seen such a massive jam which stretch over 2-3 exit of the highway.. possibly 5-10km long. My friend was struck inside the mother of all jams and found that a huge truck had overturned and and most part of the body is in right most lane.. middle lane is also inaccessible. There are huge mess.. as thousands of crates of eggs and some metals were scattered all across the road.. at least 50,000pc eggs were crushed. Friend saw the emergency team carried a body bag into a vehicle.. Not sure if its really a body but it could be some eggs that had been overturned. Hope we dont have such major and fatal accidents so often!

2) Reaching Horizon Hills for golf, saw the whole place engulfed with misty. I mean, I cant really see 50m ahead. Only HH has this special nature effect. It could be the rain all day and night long.. I drove into Gateway and imagine I was standing at Gateway and can't see the Golf houses clearly.. such is the mist thickness which enveloped the entire HH. I was told by my friend when he was leaving for Singapore in the morning, he cant even see the Hills entrance when he was at the roundabout.. he thought the world is going to end.

Anyone experience this morning?

I think i've experienced this before, felt like I've woken up in a fairy land.

 

[lastresort]

Re: Investing in Nusajaya

Hey arsenal haha of cos! your nick suggest you're gunners fan...well, we'll have bbq while liverpool plays arsenal

Man U supporter here!

 

[lastresort]

Re: Investing in Nusajaya

hello my friends,

i dont know what all the heated fluff has been about in this forum. sometimes I think we are just taking out the stress at work on each other. When our houses in JB ready, I am sure the temperature will come down a lot.

Just to share with you the basic reason I invested and continue to be happy about it .... My job is high pressured and deal with many time zones around the world and all kinds of people. Today I decided to knock off work early after listening to some crap from some sotong ang moh, and go to jb for some peace and sit out the horrendous rainy Friday evening rush hour on the PIE.

Hanged out in jusco bukit indah. always enjoy buying a local mag/paper, and sit to a meal at old town coffee (great sambal in the nasi lemak, it all goes well with their special coffee) and a spot of shopping at Daiso & Jusco. of course the customary car wash and petrol and durian (yes the season is back). The drive on 2nd link back to Singapore is pleasant and cool especially after the rain. I cannot wait for my house in HH to be ready, and the Coastal Highway the great equaliser for proximity to Singapore, plus legoland, premium outlet etc. Wherever you live in JB, I envy you already as what you are enjoying is the atmosphere. where in good ol Singapore can you go a couple of kilometers without seeing a human? The cheap shopping in JB is good for the soul. More importantly the ample space has an indescribable soothing effect. Will help me live longer.

I was really happy to be in bukit indah just now. I hope you can find your spot in jb. If corner/semi-d too exp, Intermediate is just as good. Is more built-up than over here pigeon box. Also more land as corner/sd just means more grass to cut and weeds to pull.

Happy weekend to all.

Thanks for sharing! well said. Like you, I've spent more quality time with my family in JB, now I treasure and appreciate them more than ever. Can't wait for Legoland, premium outlet store etc to be ready. If only every day is a weekend!

 

[arsenal]

Re: Investing in Nusajaya

Batok Seri england is too good... Must be a lawyer by training...spewing brimstone... Wah.. A learned person..

His summary was that its hard to get a property with a strip of land by the side (end, corner terrace, semi-d cluster) presently at close to 500k. To highlight intermediates or others still available below 500k is moot because ..

1. not his type.
2. not eligible for him or majority here

but i will not hesitate to continue to correct and point out further misrepresentation, misleading facts & statements, unintentional or deliberate, by humans or rodents.

To get all righteous spewing brimstone and to take on the price police role is a bit drama don't you think?

 

[iamapseudoneem]

Re: Investing in Nusajaya

yalah....i went back all the cluster sold, so i ended up looking at the semi-d 40x80.....too damn big...but would be nice to have a snooker table in the living room haha...yep NI has got nice wide road, mine is 8B lake precinct, and i like the fact that NI has got nice landscaped backyard instead of the usual backlane, next year we take turns bbq yeah haha

Hi GorengPisang! Nice to see another NI neighbour in the forums! At first when I heard your lot is 32x75 I was surprised as that is pretty big. If that's the standard unit size at 8B then I'd say it's an increase from Phase 8A. Then I thought maybe you included the 10ft land as well? A unit at 8A is about 22x75. Is your unit close to the lake itself? Btw I'm vincentck's neighbour
So when will is the official date for receiving your keys for 8B? I'm supposed to get mine latest June 2012. Can't wait!

 

[iamapseudoneem]

Re: Investing in Nusajaya

List of forummers who have purchased or intend to purchase property in Johor. Hope those guests who are following this thread actively will also create their own account and join 'The List'. (Copy the whole list including this heading. Click 'Reply to Thread'. Paste it in your reply and add your nick to the list.)
# IMPORTANT - For new members, please try to make your first 10 post anywhere else before adding your nick to this list.

1. Wuqi256 - Nusajaya, Wuqi256 sisters, sister bf. Wuqi256's relatives, friends and colleagues - Total 27 bought so far in Nusajaya
2. Investor - Nusajaya
3. Analytical Professor - Kempas
4. Sanur - Leisure farm/polo view
5. Sanur's mum - Leisure Farm/bayou water village
6. Sanur's SIL - Leisure Farm/polo view
7. Jasonjst - Sutera Utama
8. Tansi - Leisure Farm
9. relaxmannn - Nusajaya
10. nusajayaphile - The Hills Precinct, Horizon Hills
11. Mahesh - Leisure Farm/pinggiran bayou
12. East539 - Nusajaya
13. East539's Sis - EL/LF
14. JazJoz - Horizon Hills
15. Lynn - east Ledang
16. TheGolf - HH
17. Grago. - Horizon Hills
18. Arsenal - Horizon Hills
19. Vincentck & Wife - NI
20. mathstub- Horizon Hills
21. ShawnLow - Bestari Heights
22. Skippy - Horizon Hill The Golf
23. LastResort Family - Horizon Hills, The Gateway, The Hills & Fairway Suites
24. Kaeel - Nusa Idaman , Hill side Semi D
25. Lord Aragorn - The Straits View Residences, Permas Jaya
26. cathylmg - Kempas
27. captw - Bukit Indah, Amelia 1
28. mallow - Nusajaya
29. IskandarRocks - East Ledang, Imperia@Puteri Harbour
30. euphony - LF & mt. austin
31. narmi - NI
32. maxpark - Fairway Suites, Indahwalk3
33. Avalon74- Setia Eco Garden
34. Yonglip - Bestari Heights
35. AbuGumGum - Sungai Chat, Johor Bahru
36. 2bFree - HH
37. Aisanbo - Sky Gardens Residences @ Setia Tropika
38. 29ers - LF
39. Weetabix - HH
40. SeriAustinian - Seri Austin, HH South Golf
41. iamapseudoneem - Nusa Idaman

I was waiting for someone to take 41 so I can take the 42nd spot. After all it's the answer to the meaning of life!
But since it's been awhile I thought might as well put my nick in to keep the list going

 

[LeMans2011]

Thanks for sharing Goreng Pisang, i am sure that there are definitely agents here doing their job. I always like to believe that they mean no harm but as always, this is mainly about living in JB so its just to share findings. Maybe Spidey didn't really look at subsales? Its good that you shared this so people can see that there are still good gems around.

Speaking of agents. I myself was in the very beginning accused by people (not referring to you HorizonHills) to be an agent or having ulterior motives and even just recently, the lady friend of my Italian buddy even said loudly i must be getting commissions when i brought them to view houses.

Today, even though they were all here with new friends to look at houses, i didn't join them as i didn't want them to misunderstand but i did send SMS to offer my help where i can. I was busy with work today and just had a fall yesterday so wasn't too well anyway but mainly i just want to avoid having to explain myself.

One funny phenomenon i observe is, when you recommend someone a particular property enthusiastically, they tend to think you have something to gain. For this reason i consciously make a point to "reserve" my enthusiasm. For EL, i tell my friends outright there is a buyer-get-buyer commission and we can share it if he wish to use my name as a referor. (I told them, if they can "convert" the buyer-get-buyer commission into outright discount for themselves, by all means go ahead)

There are people who believe they can get a better deal themselves directly - they think if they get this through your referral they might be paying more because a commission is priced in for you. In fact many people think this way. A year back i spoke to one of my colleague about EL - when he started to cast his five hundred doubts on Iskandar i simply smiled and "agreed" indeed that Malaysia is indeed known for poor execution in materialising a vision. Recently when we spoke again about how hot the market is, he was surprised to learnt of my purchases and jokingly accused me of buying the properties while speaking bad of it last year. I said hello, you are the one who spoke badly of it, not me.

 

[wuqi256]

One funny phenomenon i observe is, when you recommend someone a particular property enthusiastically, they tend to think you have something to gain. For this reason i consciously make a point to "reserve" my enthusiasm. For EL, i tell my friends outright there is a buyer-get-buyer commission and we can share it if he wish to use my name as a referor. (I told them, if they can "convert" the buyer-get-buyer commission into outright discount for themselves, by all means go ahead)

After the past 3 years here, i learnt to "curb my enthusiam". My colleagues wanted to come by yesterday but i couldn't move much. They are very very keen now. My relatives who bought Nusa Duta and who were so reluctant in the past are now so happy to start their renovation. Another relative who also has Nusa Duta is starting on Monday so asked to stay over at our place over the weekend. More than happy to oblige. For some reason, seeing people happy makes me much more happier than before.

Even my wife said to me recently, she said i tend to smile more and laugh for longer ever since we started coming out here.

 

[LeMans2011]

Re: Investing in Nusajaya

Expensive! haha....i almost got the ND semi-d but after a couple of viewing i find it too big, im single n will only have occassional family & friends over for sat night football n bbq hehe, so i guess NI size is just right. got it at 535k with all misc acquisition cost absorbed by developer, its a nice (and rare) end lot corner, i like the end lot here cos its like a small corner/cluster with 10ft land as i do not want to have a tipycal corner with huge 20ft land. Its 32x75, so essentially its similar to ND's cluster, but smaller built up. Well its for own stay n long term, so i guess its alright

I thought that was the pricing for phase 7 lauched 2 -3 months back
Btw.. i too agree with another bro... i don't believe there are too many JB real estate agents here. I hope i did not sound like one for recommending the resale market

 

[LeMans2011]

Re: Investing in Nusajaya

Here's my take.
Nusa Sentral, Nusa Bayu or similar devts may be cheaper but upside not as good if ever there will be one.

If for investment who is most likely to buy? Prospective Singaporeans subsale buyers prefer upmarket precincts while Johoreans will think you already crazy paying such prices to developers.

If for own stay. Then wouldn't you prefer exclusivity and neighbours of a similar wavelength. Last year I was all besotted by Bandar Dato Onn's Spanish influenced designs. But there was one intermediate joker who painted his whole exterior a bright Hulk shade of green and I went limp thinking of that unit in my field of view everyday.

Nusa Idaman belongs to the tier after EL and HH. Looking at occupied units the crowd there have decent taste. Anyway if you pronounced 'Nusa Idaman' as it should be pronounced, those within earshot will nod and agree...

"Yes... You Da Man.."

This i disagree. Nusa Idaman owners especially a few from Heliconia precinct have atrocious taste. Just look at the row facing the park/main road... those guys virtually changed their houses to 1970s styling. But talk about poor taste, the winner of them all goes to the house at the junction of Jusco/Horizon Hills (meaning if you are coming from highway at the first traffic light, look north east)