Living in JB

[lastresort]

While others were thinking, 'Where is AP?' I was wondering, 'Where is Contra?' Haha welcome back
Thanks for sharing your knowledge about FX and I've learnt a great deal from you, PH, Lastresort, Wuqi, Yonglip and others who contributed in just the last 2-3 pages

Just like you, I didn't bet on rental yield(Lastresort should know that thru our PM ) I was only betting on capital appreciation since last year.

But you might have mistaken that I'm betting on appreciation of ringgit. I know nothing about FX and factors which affect it so I've never bet on ringgit.
My bets are almost just the same as you guys, the bullish and ambitious ones here, other than some points which I didn't see but you guys did.
So thanks everyone for sharing your knowledge.

haha, bro Investor thanks for your contribution too, esp from an investor's point of view, I'm sure many have learnt a lot. Let's continue to share. Hope the properties will continue to appreciate in value and at the same time, rental will also appreciate to a point that can cover all expenses and more.

 

[wuqi256]

Thanks Wuqi. I am sure even if she did introduce you, she did not believe as much as you did to move in entirely with your family and put in everything and encourage more to follow. Saying is easier than doing. What you have done is so much more than just introducing.

Thanks Lastresort, actually she didn't at all as i would have remembered if she did. I am more than willing to sell a house at cost price to her if she was the one who introduced us to Johore. Many thanks, alot of bros including your goodself has helped out more than myself.

I am just a tiny little ember to get things started.

 

[wuqi256]

[video=youtube_share;0swR1mNsVSU]http://youtu.be/0swR1mNsVSU[/video]

Just sharing a video that inspired me.
The answer is blowing in the wind.

 

[Investor]

Is Puteri Harbour really freehold? (Medini next door is 99 yrs leasehold).....owner of both same > UEM Land.

Hi Contra,
Yes both East Ledang and Puteri Harbour are the immediate FreeHold land right beside 99 years leasehold CBD of Nusajaya - Medini.
To be exact, East Ledang is right beside Medini, one can reach CBD from East Ledang just by crossing the street. That's the reason why East Ledang is fully sold every phase.
As for Puteri Harbour, there's still a forested area between Medini and itself, but Puteri Harbour is no doubt the ultimate lifestyle location for the well-to-do with private yacht.

 

[wuqi256]

Hi Wuqi,
In a blink of an eye, one year has past and things have already progressed so much here in Nusajaya.
In just another year, another blink of an eye, Nusajaya will come alive with Lifestyle Mall(bigger than Vivo but will open in phases), Legoland, Indoor Theme Park at Puteri Harbour, Traders Hotel, another University in Educity etc etc... By then, things will be even more bullish. Most importantly, all of us here are the early birds for this one Congrats everyone.

Yes it has, i am surprised too by the progress that i am seeing. Its like a project here and there at first but then all coming together to form something vibrant, the whole is truly greater that the sum of all parts

 

[ODYSSEY]

Hi wuqi,
This is sad to hear. We always have a choice.
Sometimes is good to choose to ignore and shut out from your life, people who will poke you even when you have helped unconditionally. Could be a red flag to back off from the situation. When economic cycle dictates that it is the hard times's turn to visit even for a short moment, people like these can be vicious to look for a scapegoat to blame for all their misgivings. You have done so much good for all of us, we wish you will be healthy, wealthy and happy. Not only us, the medium too

Hi Wuqi,
Agreed totally with Contra here. There's only so much one can do. Just leave those naysayers alone before they eat into you. Take care.

 

[ODYSSEY]

I haven't seen any 3 wheelers before especially in my immediate area but i did see some micro/pocket bikes around.

I saw those micro/pocket bikes yesterday at Gateway while viewing some houses. Some kids were having fun with them, oblivion to traffic around them. School hols will be upon us soon, so can expect to see more of these. So drive safe and slow as I dont think those young riders can hear you approaching amidst the din those small machine are producing. Pity the neighbours though.

 

[Aisanbo]

Agreed, if not for naysayers, some are really good as reality checks.

Precisely because there are many naysayers among us are we able to be considered early birds.
When everybody is singing to e same tune, prices would have risen so high already.
I think the timing to buy now is just nice....completed in 2-3 yrs time and just pass the inflexion point of Iskandar where growth would be rapid.

 

[ODYSSEY]

To Wuqi and all others who had helped and PM'ed me with their advices and encouragement. My friend and I have found and signed on the dotted lines for our houses at Golf Precinct yesterday through sub-sale. Many thanks!

 

[lastresort]

To Wuqi and all others who had helped and PM'ed me with their advices and encouragement. My friend and I have found and signed on the dotted lines for our houses at Golf Precinct yesterday through sub-sale. Many thanks!

Hi Odyssey bro, welcome to HH and Nusajaya. When would you be moving in?

 

[wuqi256]

Hi Odyssey,

Very happy to hear from a bro about your purchase, glad to see that you like this place as well as we do. Hope to see you guys around.

 

[arsenal]

I have a friend just sold his house in Golf area, totally unfurnished, making 100% return.. Congratulations to him..

My house in HH is totally for my possession and relaxation.. Learned a lot from the forum on leveraging.. I realised that I don't have the concept of leveraging.. During the 1996 property downturns, I know many learned friends who either lose their house or only recovered their investment only in recent years.. So I have the habit of paying up the loan and keep the loan to the safest possible amount.. and invest the money in liquid equities in which I buy/sell based on chart rather than hope.. Last few years these old concept has proven to be not too brilliant..but definitely my age and the younger ones are different and thus my risk level is different.. Until today other than shophouse, I don't like to make rental money from residential.. Again I think I am wrong..because so many people are rich because of property..rather than their day to day work..

 

[Aisanbo]

In the 1990s, my father and his brothers queued up to buy some offices in Metro Larkin.
Developer was supposed to be very reliable and market was hotting up.
Not cheap, at that time a little office cost more than rm400k. I think less than 1000sf.
Of course we know now that the project was abandoned. I think eventually another developer took over and he did take over the premise but it's a ghost town. He took it as complete loss and people offer like 20k to buy over the unit.
(so u can imagine he's the biggest naysayer to convince me not to buy)

As many bros here are living in JB and may be more aware of the happenings inside, anybody knows the status of this Metro Larkin? Heard they are still building a hotel on topmost levels....not sure.
Any news much appreciated. Thanks.

 

[lastresort]

In the 1990s, my father and his brothers queued up to buy some offices in Metro Larkin.
Developer was supposed to be very reliable and market was hotting up.
Not cheap, at that time a little office cost more than rm400k. I think less than 1000sf.
Of course we know now that the project was abandoned. I think eventually another developer took over and he did take over the premise but it's a ghost town. He took it as complete loss and people offer like 20k to buy over the unit.
(so u can imagine he's the biggest naysayer to convince me not to buy)

As many bros here are living in JB and may be more aware of the happenings inside, anybody knows the status of this Metro Larkin? Heard they are still building a hotel on topmost levels....not sure.
Any news much appreciated. Thanks.

Hi Bro Aisanbo, is this the one?

It is still empty. Do you know whether it's freehold or leasehold?

 

[checkers]

Made my first trip today. Very glad I did, time to complete due diligence regarding a move, and then making it.

We have left with a favourable impression of living in HH, taking into account several considerations. Will continue to explore other residential developments around Nusajaya still though.

Our understanding of the area is still very limited, and we were doing a lot of blind driving today.

I must admit though that I was rather surprised at the state of development of the area. From what I'd been reading and hearing, I honestly thought the overall development of the area would be more advanced than what I saw. Then again, I didn't go to Medini or Kota Iskandar etc, and additional visits will probably give me cause to change my view.

Again, all advice taken on board and appreciated.

Hi ...first impressions may not be reliable...best to go to a place a few times to confirm if you really like it ...and at different times of a day.

Read everything here with a pinch of salt. Judge for yourself based on your lifestyle, taste and financial situation.

 

[Aisanbo]

Hi Bro Aisanbo, is this the one?

It is still empty. Do you know whether it's freehold or leasehold?

I think it is. Pink colour thats what I know. It's freehold.
Is the pic taken recently? Thanks.

 

[CannonFairy]

Any kind souls here please break down the monthly expenses of living in JB please?

 

[lastresort]

I think it is. Pink colour thats what I know. It's freehold.
Is the pic taken recently? Thanks.

yes quite recently. It looks like that now, I think there was progress and it's almost completed for sometime, but don't know why it is not handed over yet.

 

[lastresort]

I think it is. Pink colour thats what I know. It's freehold.
Is the pic taken recently? Thanks.

there are also quite a lot of classifieds online selling the office units.

http://www.mysimplifieds.com/offices-for-sale-metro-larkin-offices-properties-classifieds-905921

http://www.iproperty.com.my/propertylisting/632241/Metro_Larkin-Office-ForSale

And I do know the Metro Larkin Apartment behind is occupied though not very well managed.

 

[Investor]

Like your view... Need to know you Once of these days......
Ambitious can also be down to earth. Just keep reserves of 8years.... No matter what happen to the world, nothing will happen to us.....

I extremely ambitious as well.... Ha ha....

Cheers,
PH

I like your view that an ambitious person can also be down-to-earn.
More often than not, we always stero-type and assume others of possessing a certain set of characters just by the one thing that a person does.
Some of the world's most ambitious and successful people are also among the list of the world's greatest philanthropists. Bill Gates and Warren Buffett are great examples.