Living in JB

[thegolf]

Re: Investing in Nusajaya

Horizon hills The gateway 2 storey super link.

Nice extended balcony
View attachment 2741

Come with Jacuzzi bathtub!!!
View attachment 2742

Hi,is that your place ?
Yes, kind of nice to soak with a view but others also enjoy your view although not so many units around.

Hahaa.. how I wish the balcony is mine but must minus the Jaczzi!! Very funny to be naked there
Found it @ http://cforum6.cari.com.my/viewthread.php?tid=2561309

 

[aangsc]

Re: Investing in Nusajaya

Hahaa.. how I wish the balcony is mine but must minus the Jaczzi!! Very funny to be naked there
Found it @ http://cforum6.cari.com.my/viewthread.php?tid=2561309

Wow, renting for 4K for intermediate and sales of 890K. One of my neighbour and first time I got to peep in , hasn't meet formally.
If you have that bugging question, the answer is No, has seen seen anyone soak in Jacuzzi nake !!! .

 

[euphony]

I have the same feeling... All the jb renovated house I've seen are pretty ugly... Poor color combi, cheap looking but yet expensive furnitures...outdated carpentry all over... And they actually pay up to 70 to 100k for the Reno....

Furniture shops in jb does not have the style I like..Im considering getting furniture from KL and transport transport them to jb... Wonder if the charges will be very high...

i almost want to do that but in the end decided its easier to buy from SG instead. Closer to home and can monitor from departure till arrival. I think rejection could be difficult from KL shops (damaged furniture) cos they'll definitely charge transport.

 

[euphony]

Re: Investing in Nusajaya

Hahaa.. how I wish the balcony is mine but must minus the Jaczzi!! Very funny to be naked there
Found it @ http://cforum6.cari.com.my/viewthread.php?tid=2561309

nice balcony, buy aiyoh what's with the pink sofa set

 

[cathylmg]

Eh, with property booming in Iskandar, prosperous businesses and relaxing lifestyle with all the resort homes like LF/EL/HH, i think hard press to see demand for psychology consulting......KL is a better place, commuting to work and back after work involves an average 3-4 hours back to back traffic with many reckless hell drivers cutting in & out.....alot of people need to go for anger management session ....child psychology might see demand, for SG kids who have to wake up at 3am to commute to school in SG cos their parents cant leave their newly purchased house alone hehe

May I add that the queue to see a the doctor for kids with dyslexia, autism and adhd is very long in Singapore. Also private doctors are very expensive. Maybe in can look into this as a matter of cost savings for the parents to sick treatments in JB instead.

 

[arsenal]

May I add that the queue to see a the doctor for kids with dyslexia, autism and adhd is very long in Singapore. Also private doctors are very expensive. Maybe in can look into this as a matter of cost savings for the parents to sick treatments in JB instead.

With that, many Singaporeans with autism children do not have to migrate to Australia or new Zealand.. I know 6 families migrated to down under for that..

 

[mrbean]

Thanks for the info bro Wuqi.

On a separate note, does anyone in this forum own or know of anyone who owns a water home? There are a couple at Port Dickson managed by Nexis group. Last weekend they were in Singapore promoting The Hibiscus. Seem to have attractive rental returns if its to be believed. Some short facts:

a) property will be professionally managed by an operator as a resort. Owner leases back to operator for 7% pa first 4 yrs. Thereafter profit sharing 75% owner-25% operator next 11 yrs. Owner gets 10 days stay per yr.
b) property is 99 yr leasehold. Considered as commercial property.
c) all outgoings will be paid for by operator - tax, maintenance, etc. If owner does not lease back, then all charges owner bears.

Details not shown/indicated:
a) profit is based on projection, any track record of past projects to show what actual profits experienced?
b) 99 yrs lease starts from when?
c) after 15 yrs, what happens to the property? Its not suitable as a house, its on water.
d) if operator does not do a good job, then what is the recourse? I guess buying the property is based on faith of the operator.
e) Are foreign restrictions applicable to selling back such properties? Eg. if need to liquidate urgently can sell to foreigner below $500K? Or must still stick to the rules of transaction must be above $500k.

Any bro/sis here who may have experience or knows of someone who has the experience, appreciate if can share feedback. My relative seems keen to invest but I cautioned him to hold back first. But the project seems to be selling well, if their sales representation is to be believed.

 

[euphony]

caution i'd say, i went to avillion the past june period and took a drive around since i've never been there before, there were countless abandoned resorts/condos etc dotted along the coast...

Thanks for the info bro Wuqi.

On a separate note, does anyone in this forum own or know of anyone who owns a water home? There are a couple at Port Dickson managed by Nexis group. Last weekend they were in Singapore promoting The Hibiscus. Seem to have attractive rental returns if its to be believed. Some short facts:

a) property will be professionally managed by an operator as a resort. Owner leases back to operator for 7% pa first 4 yrs. Thereafter profit sharing 75% owner-25% operator next 11 yrs. Owner gets 10 days stay per yr.
b) property is 99 yr leasehold. Considered as commercial property.
c) all outgoings will be paid for by operator - tax, maintenance, etc. If owner does not lease back, then all charges owner bears.

Details not shown/indicated:
a) profit is based on projection, any track record of past projects to show what actual profits experienced?
b) 99 yrs lease starts from when?
c) after 15 yrs, what happens to the property? Its not suitable as a house, its on water.
d) if operator does not do a good job, then what is the recourse? I guess buying the property is based on faith of the operator.
e) Are foreign restrictions applicable to selling back such properties? Eg. if need to liquidate urgently can sell to foreigner below $500K? Or must still stick to the rules of transaction must be above $500k.

Any bro/sis here who may have experience or knows of someone who has the experience, appreciate if can share feedback. My relative seems keen to invest but I cautioned him to hold back first. But the project seems to be selling well, if their sales representation is to be believed.

 

[tutucake]

The Malaysia custom gonna tax u like crazy if u bring in from sg... How do u plan to do it?

I really liked one of the sofa from ikea... But cheaper by 700sgd in KL... Thts y I was thinking if I can get more items, it's gonna be really worth it... But like u said, if there is transportion damages, it will be impossible to claim...

 

[arsenal]

The Malaysia custom gonna tax u like crazy if u bring in from sg... How do u plan to do it?

I really liked one of the sofa from ikea... But cheaper by 700sgd in KL... Thts y I was thinking if I can get more items, it's gonna be really worth it... But like u said, if there is transportion damages, it will be impossible to claim...

IKEA Tebrau City
Sneak peak into IKEA Johor Bahru.. Expected completion 2012..

A cool cartoon showing "pulling IKEA" to JB
IKEA JB will look something like this, opposite Jusco Tebrau City
--
http://www.tjarc.com/15-ikea-tebrau-sc.html

 

[tutucake]

IKEA Tebrau City
Sneak peak into IKEA Johor Bahru.. Expected completion 2012..

A cool cartoon showing "pulling IKEA" to JB
IKEA JB will look something like this, opposite Jusco Tebrau City
--

http://www.tjarc.com/15-ikea-tebrau-sc.html

I know...but i heard there's still no progress....
i did see a squarish building in contruction there lately...donnoe if its IKea...

 

[matx3315]

Thanks for the info bro Wuqi.

On a separate note, does anyone in this forum own or know of anyone who owns a water home? There are a couple at Port Dickson managed by Nexis group. Last weekend they were in Singapore promoting The Hibiscus. Seem to have attractive rental returns if its to be believed. Some short facts:

a) property will be professionally managed by an operator as a resort. Owner leases back to operator for 7% pa first 4 yrs. Thereafter profit sharing 75% owner-25% operator next 11 yrs. Owner gets 10 days stay per yr.
b) property is 99 yr leasehold. Considered as commercial property.
c) all outgoings will be paid for by operator - tax, maintenance, etc. If owner does not lease back, then all charges owner bears.

Details not shown/indicated:
a) profit is based on projection, any track record of past projects to show what actual profits experienced?
b) 99 yrs lease starts from when?
c) after 15 yrs, what happens to the property? Its not suitable as a house, its on water.
d) if operator does not do a good job, then what is the recourse? I guess buying the property is based on faith of the operator.
e) Are foreign restrictions applicable to selling back such properties? Eg. if need to liquidate urgently can sell to foreigner below $500K? Or must still stick to the rules of transaction must be above $500k.

Any bro/sis here who may have experience or knows of someone who has the experience, appreciate if can share feedback. My relative seems keen to invest but I cautioned him to hold back first. But the project seems to be selling well, if their sales representation is to be believed.

Do give a good thought. house on water, have you thought about the corrosion level of the property from the salt water?

 

[thegolf]

Bro Wu...your tread "Living In JB" gonna hit 1,000,000 views really soon!!!

 

[lastresort]

Update on Legoland. What do you guys think of the progress so far?

Replica of shoplots at Jalan Wong Ah Fook in Johor made from Lego

 

[contra]

Thanks for the info bro Wuqi.

On a separate note, does anyone in this forum own or know of anyone who owns a water home? There are a couple at Port Dickson managed by Nexis group. Last weekend they were in Singapore promoting The Hibiscus. Seem to have attractive rental returns if its to be believed. Some short facts:

a) property will be professionally managed by an operator as a resort. Owner leases back to operator for 7% pa first 4 yrs. Thereafter profit sharing 75% owner-25% operator next 11 yrs. Owner gets 10 days stay per yr.
b) property is 99 yr leasehold. Considered as commercial property.
c) all outgoings will be paid for by operator - tax, maintenance, etc. If owner does not lease back, then all charges owner bears.

Details not shown/indicated:
a) profit is based on projection, any track record of past projects to show what actual profits experienced?
b) 99 yrs lease starts from when?
c) after 15 yrs, what happens to the property? Its not suitable as a house, its on water.
d) if operator does not do a good job, then what is the recourse? I guess buying the property is based on faith of the operator.
e) Are foreign restrictions applicable to selling back such properties? Eg. if need to liquidate urgently can sell to foreigner below $500K? Or must still stick to the rules of transaction must be above $500k.

Any bro/sis here who may have experience or knows of someone who has the experience, appreciate if can share feedback. My relative seems keen to invest but I cautioned him to hold back first. But the project seems to be selling well, if their sales representation is to be believed.

Yea been seeing that advert. I thought was a joke.
My neighbour got burnt on a PD investment once which developer at the time was by a reputable company (MBF). It did not materialise and she had to write off.
I guess if its legs are detacheable and can become a boat then maybe.....

 

[contra]

Hi bro lastresort, I like this! But my kid does not understand why they cannot open Legoland yet .... I wonder if got jalan to go see the place where they are constructing these lego pieces..

 

[Investor]

Nusajaya - The investment magnet of Iskandar Region.
BioXCell in Nusajaya is in discussions with 10 more potential foreign investors.
http://biz.thestar.com.my/news/story.asp?file=/2011/11/1/business/9809601&sec=business

NUSAJAYA: Malaysian BioXCell Sdn Bhd is in discussions with 10 more foreign biotechnology companies which are planning to invest in BioXCell here.

Chief executive officer Rizatuddin Ramli said the investors had shown serious commitment to set up operations here.

The some of the companies, from Europe, India, South Korea and the United States, were public-listed entities.

“The new investments in BioXCell are worth several billion ringgit,” Rizatuddin told reporters during a media tour to the BioXCell site yesterday... ... ... ... ... ...

 

[Investor]

Johor Premium Outlets grand opening on Dec 11

http://www.btimes.com.my/Current_News/BTIMES/articles/ietp2-2/Article/#ixzz1cVzSv62s
KUALA LUMPUR: Johor Premium Outlets (JPO), a shopping haven joint-venture project between Genting Bhd and Simon Property Group, is scheduled for a grand opening on December 11.

The project, located in Kulai, Johor, is 95 per cent complete, said Datuk Seri Idris Jala, chief executive officer of Pemandu, the government unit that oversees the implementation of the Economic Transformation Programme (ETP).

JPO, a project earmarked under the ETP to boost the economy via tourism, is expected to create more than 3,000 jobs.

"It is currently 95 per cent completed. More than 80 designer and brand names have confirmed their presence," Idris said at a briefing here yesterday that marked one year since the ETP was launched.

It was previously reported that the 330,000 sq ft centre will offer savings of 25 per cent to 65 per cent on brands that include Burberry, Coach, Tumi, DKNY, Giorgio Armani, Gap Outlet and Levi's.

 

[Investor]

Iskandar Malaysia property market set to grow
http://thestar.com.my/metro/story.asp?file=/2011/11/1/southneast/9802768&sec=southneast

JOHOR BARU: The property sector in Iskandar Malaysia will benefit immensely with the improvement in connectivity and accessibility within the economic growth corridor.

Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim said this could be seen from many new property projects being built in recent years.

“Better accessibility and connectivity will help push up demand as well as prices for properties within Iskandar Malaysia,” he said at an event to mark the completion of three new traffic interchanges.

These are the Bukit Indah-Taman Tema 1 and Taman Tema 2 interchanges costing RM135mil, Jalan Abu Bakar-Jalan Lingkaran Dalam interchange (RM17mil) and Indahpura elevated interchange (RM36.2mil).

Ismail said the interchanges are expected to be open to motorists between now and the first quarter of 2012, pending approval from the Malaysian Highway Authority.

He added that the new interchanges would help to reduce traffic congestion between 20% and 30% along existing roads and shorten travelling times between 15mins and 20mins.

“Apart from upgrading the road network, we will also focus on improving the public transportation system in Iskandar Malaysia,” he said.

Ismail said relevant parties in Malaysia and Singapore were already discussing the improvement of people’s movement between Iskandar Malaysia and Singapore via a Light Railway Transit system by 2018 or 2020.

He said, to date, Irda had spent RM4bil from a RM6.38bil allocation to undertake infrastructure works such as road improvement, flood mitigation, river cleaning and public housing.

The country’s first economic growth corridor Iskandar Malaysia, was launched on Nov 4, 2006, it covers 2,217 sq km located in the southernmost part of Johor.

From 2006 up to the third quarter of this year, it has attracted RM77.82bil in committed investments, of which 60% is from domestic investors and 40% from foreigners.

 

[CUBIC]

Re: Investing in Nusajaya

Hi Bro Lastresort,
U mean the dinner at Marina Bay Link Mall? Jus a coincidence I joined a group of like-minded frens n met another bro (n sis-in-law) from this forum as well as Mr J Tay too!

Hi Puteri harbour,
Popped by UM Land booth n they were creating awareness about their upcoming low-rise condo fronting the marina with unblocked view. It was marketed by a SG real estate agency whose staff was not too well-informed about the project (few of them haven even been to Puteri Harbour as well as the location / direction there). A young lady informed me it was about RM1.0M and the smallest unit starts from abt 1000sqft. That equates to RM1000psf!!! If it is true, UM Land must either be very optimistic about the global financial situation or they are very very greedy to even surpass the selling price of Imperia by such a margin (in terms of psf)...

Hi SriAustinian,

Been to the EXPO and noticed the same development also. The service apartment is
ucalled Somerset. Understand from a lady this project haven't officially launch yet. Floor plan not finalize and off the record price indicative around $700 to $1100. This apartment will be managed by Ascott. Shops below are not for sale but only rent out by the developer.

By the way, I have been following this forum since it is still under 50 pages. A big thanks to Wuqi and other forumers for keeping this forum hot and rolling.