Living in JB

[Investor]

Haha. Lucky you, there were case where one came in n later the barrier n gate close, the fella got stuck inside. That precinct should b bayou bay??

No, I just checked LF's website and from the layout it is Merbok Springs. The one beside it with small stream is Bayou Water Village.

 

[vincentck]

House with mortgage may not be a liability. Property in many countries has grow many time faster than income and inflation rate. With leverage and HOLDING POWER. House with mortgage can be the biggest asset.

With regards to real estate investment, the biggest asset is not cash. Many people does not realize that the biggest asset is the ability to borrow and young age to borrow longer.

A 30 year old investor can borrow up to 40year in Singapore. At 2% the monthly installment is 3028. Work out to 36336 annually. This investor need to keep 8years reserve of this amount to be able to hold through a property cycle usually abt 8 years. This mat to 291,000 reserve.

Conversely for a 50 years old investors, he need to have a reserve of 485000 to last him 8 years.

Debt is good as long as you keep 5-8years of installment reserves. The more you borrow the more reserves you should keep.

Where to find the reserves? For the lucky one, you can take an equity loan on your property if your property increase in value over the years. For the lucky ones, they have to working harder to earn their reserves.

The more successful investors do not use their own money to invest, they use others money.
This way the ROE is very huge or infinite as they use none or little of their own capital.

Hope this will shed some lights with regards to property investment using good debts.

Cheers,
PH

Hi PH, often people will consider a house to be an asset because it appreciates and it's a tangible item. However, fom the way I look at it, as long as I need to pay the monthly installments, it is still a liability for me because I need to support the house. For properties with positive rental income, I consider it an asset because it makes money for me. After deducting all expenses including the installment, the positive cash flow puts money into my pocket. So, I'm not looking at things from a conceptual viewpoint, I'm looking at it from a Income/Expense POV.

As to keeping reserves of 8 years, I buy insurances to ensure the properties are covered in the event somethings happens to me. MRTA only covers death or TPD, but does not pay-up when the policyholder suffers from CI. But my insurances are not enough to fully settle all the loans, because some of my properties are rented out affordably and I foresee the rental to continue even in the event of a recession. It doesn't cover all my bases, but it's enough to allow me some breathing space.

Yes I am catholic. I think the nearest one would be Church of the Immaculate Conception as mentioned by Jasonjst. Mass times are Weekdays 5.45pm (Mon-Fri); Sunset 6pm (Novena 5.30pm); Sun 7am, 9am, 10.30am, 5.30pm. Hope these help.

Quite a number of Catholics here, from the sound of it. I'm also a Catholic, but I've not attended mass for the past 2 years due to a lapse of faith; may need to revisit that path soon.

Hi everyone

Wish to share, if anyone if u doing extension of rooms, it us better to have roof tiles type, rather than flat roof, as flat roof tends to leak in time.

Hi Sanur, thanks for the tip; will keep that in mind. Mind to share how much was it to do a room extension? I plan to do a double-storey room extension out the side of my future house into the garden, maybe a 15x20ft room. How big is/was your room extension.

3) Nusa Idaman
My understanding is that Nusa Idaman is part of UEM Nusajaya Residences project, yet I cannot seem to find any information whatsoever on properties there, or anything for sale. Is there really such a place?

Hi Teck21, just to add on to what other bros/sis has shared, if you are coming from 2nd link and exit the highway at Exit 307C, Nusa Idaman is the exit you will see next to Columbia Asia Hospital. The sales office is a few minutes drive after you turn off the highway. At the moment, the uncompleted precincts are Precinct 8A, 8B and 7. Since you plan to get sub-sale, you may want to check out Precinct 5 & 6, which is relatively new and partially occupied. NI is cheaper than HH and not as far in as BH or ND, but from what I've read, security is not as strong as HH or EL, which are considered premium developments.

Hi linked

U might wan to try this, we uses deodorized insecticide which contains synthetic pyrithoid. Mixed it with water n in a commercial spray. We sprayed it when necessary in the garden and the perimeter of outside of yr house. Remember to close all doors n windows first. We are doing it for both Singapore n Jb home. And never experience mosszie than.

This deodorized insecticide sounds interesting. Definitely an item to get if there's grass and garden in the house. So different for Singapore where's its hard to find mosquitoes.

 

[cathylmg]

Re: living in JB =)

Things are sure progressing well. =)

Temasek, Khazanah Said to Seek S$5 Billion in Property Loans

Read More: http://www.businessweek.com/news/20...id-to-seek-s-5-billion-in-property-loans.html

Nov. 17 (Bloomberg) -- Temasek Holdings Pte and Khazanah Nasional Bhd., the state-owned investment companies of Singapore and Malaysia, hired banks to arrange S$5 billion ($3.9 billion) of property development loans, according to two people familiar with the matter.

Eight lenders will contribute to the five-year bullet facility, which will pay a so-called all-in fee of 100 basis points over benchmark rates, one of the people said yesterday, asking not to be identified as details are private.

Khazanah and Temasek said in June they would jointly develop $9.8 billion of projects in southern Malaysia and Singapore.

Thanks for sharing the piece of new lastresort. Yap! Things are definately progressing well. Although I still feel a bit slow, but slow and steady beats not moving!

 

[teck21]

Hi Teck21, just to add on to what other bros/sis has shared, if you are coming from 2nd link and exit the highway at Exit 307C, Nusa Idaman is the exit you will see next to Columbia Asia Hospital. The sales office is a few minutes drive after you turn off the highway. At the moment, the uncompleted precincts are Precinct 8A, 8B and 7. Since you plan to get sub-sale, you may want to check out Precinct 5 & 6, which is relatively new and partially occupied. NI is cheaper than HH and not as far in as BH or ND, but from what I've read, security is not as strong as HH or EL, which are considered premium developments.

Thanks for the tip vincent, I actually managed to find my way to the sales office there on Sunday. Area-wise we do prefer HH, so we will focus mainly on HH. EL, LH and LF are out of budget, so we won't be looking at those.

While I am very keen to move, there is the issue of pre-schooling for my child to consider.

My boy is now 3-years old and has been attending attending a half-day nursery school program at Chiltern House since the start of this year. My wife and I are concerned about the pre-schooling options in and around the area for young children, so we are wondering if any fellow forummers actually reside there permanently and have young children as well, and what you do about their schooling?

We are hoping that there is something suitable that will see him all the way through till he's primary school age.

Thanks.

 

[crystal_tiong]

Thanks for the tip vincent, I actually managed to find my way to the sales office there on Sunday. Area-wise we do prefer HH, so we will focus mainly on HH. EL, LH and LF are out of budget, so we won't be looking at those.

While I am very keen to move, there is the issue of pre-schooling for my child to consider.

My boy is now 3-years old and has been attending attending a half-day nursery school program at Chiltern House since the start of this year. My wife and I are concerned about the pre-schooling options in and around the area for young children, so we are wondering if any fellow forummers actually reside there permanently and have young children as well, and what you do about their schooling?

We are hoping that there is something suitable that will see him all the way through till he's primary school age.

Thanks.

Hey Teck

U may wan to contact Wuqi256 , his wife has opened a child care there .

 

[teck21]

Hey Teck

U may wan to contact Wuqi256 , his wife has opened a child care there .

That's interesting, will do, and ty.

 

[crystal_tiong]

That's interesting, will do, and ty.

Np , and if u refer to previous pages , there is discussion abt how they send their children to school early in the morning ...
Take some time to read again as sometimes we might overlook things that have been mentioned.
Copy the impt info into words and u can refer at times ...

 

[Grago]

Thanks for the tip vincent, I actually managed to find my way to the sales office there on Sunday. Area-wise we do prefer HH, so we will focus mainly on HH. EL, LH and LF are out of budget, so we won't be looking at those.While I am very keen to move, there is the issue of pre-schooling for my child to consider. My boy is now 3-years old and has been attending attending a half-day nursery school program at Chiltern House since the start of this year. My wife and I are concerned about the pre-schooling options in and around the area for young children, so we are wondering if any fellow forummers actually reside there permanently and have young children as well, and what you do about their schooling?We are hoping that there is something suitable that will see him all the way through till he's primary school age.Thanks.

Teck, This is a link for Marlborogh College Malaysia which is a approx. 5-10 minutes drive from HH ( depending on traffic and style of driving ) http://www.marlboroughcollege.org/malaysia/Thought you might want to have a look. You mentioned sending your child to Chiltern House.....

 

[Investor]

Hey guys,
Check out this designer bungalow in Ledang Heights, very nice! Click on 'Completed Project' and choose 'D' Banyan'. Here's the link http://ledangheight.com/ I just found this website. Seems like this company had bought quite a number of plots in Ledang Heights to build designer bungalows for sale.

By the way - all sold out. Thus, to those smart Alec, don't need to suspect that I'm trying to advertise something I'm just sharing nice things.
Hokkien says - Kiang Tio Ho, Mai Kay Kiang

 

[teck21]

Np , and if u refer to previous pages , there is discussion abt how they send their children to school early in the morning ...
Take some time to read again as sometimes we might overlook things that have been mentioned.
Copy the impt info into words and u can refer at times ...

Thanks crystal, I've actually been reading those, but my boy is a bit too young for that lol. He's only 3, no daily cross-border commuting plans for him just yet. I am looking for a school there he can go to if and when we move.

Teck, This is a link for Marlborogh College Malaysia which is a approx. 5-10 minutes drive from HH ( depending on traffic and style of driving ) http://www.marlboroughcollege.org/malaysia/Thought you might want to have a look. You mentioned sending your child to Chiltern House.....

I've checked them out, narrowly missed their seminar at LF on Sunday. They're for kids a little bit older as well, not to mention exorbitant fees. And I'm not so keen on sending him to a private college when he's older. I've had many Malaysian friends who studied at Taylor's College in KL, and I find their lifestyles during their time there tended to be so umm ..... Beverley Hills 90210 lol, not sure I'm very keen on that.

Not one bit enamoured of the fact that Prince-something and Kate Middleton studied at the UK one.

 

[Sanur]

Hey guys,
Check out this designer bungalow in Ledang Heights, very nice! Click on 'Completed Project' and choose 'D' Banyan'. Here's the link http://ledangheight.com/ I just found this website. Seems like this company had bought quite a number of plots in Ledang Heights to build designer bungalows for sale.

By the way - all sold out. Thus, to those smart Alec, don't need to suspect that I'm trying to advertise something I'm just sharing nice things.
Hokkien says - Kiang Tio Ho, Mai Kay Kiang

MMMn... Actually what's wrong with being an agent in this forum? Agents are human trying to make a decent living. We should be old, smart enough to make our own decision, am sure there are some agent among us too. By the way , don scold me, my hub also not agent..

 

[euphony]

which precint are u staying?

so which precinct are you staying at?

 

[kennyc]

We went to Leisure Farm last year(or year before last) as we've booked the holiday home for a weekend. As we were in LF's compound, we were driving around and taking pictures. We noticed that the gate/barrier(looks like some kind of side gate for contractors) of one of the precinct was opened so we immediately drove in and went around taking pictures of the bungalows. After like 10 mins of free and easy exploration, the head of guards came with his team of guards to intercept our vehicle and escorted us out of that precinct. I remember that the precinct is right beside another precinct with canals or small stream, it is a precinct for own building of bungalows just like Ledang Heights. It's located on the left hand side, after the ultra big bungalows aligned along the left side after guardhouse.

If last year, then the head guard must have been Lalut( dont know spelling) he has gone back to nepal as his contract could not be renewed due to malaysian law. there is a new chubby guy whom is local, wonder how his performance. so far he has gotten off in a bad start with some residence, thinking that he is high and mighty,

 

[cleyeo]

saw today's Strait Times
There is a quarter page ad in strait times today. There is MAPEX 2011 at KSL city from today (thursday) till Sunday. I am not what MAPEX stands for, I believe it is Malaysia Properties Exhibition. There are more than 50 development in the exhibition. The projects / development are listed in the ad, but I do not see Horizon Hill, Nusa Idaman, KSL, East Ledang.

If I am available, I will drop by and c c look look.

 

[euphony]

Hi investor,

Curious, u managed to sneak in LF? Even tou, there is no way to gain entry to various precinct as need access card to have gate open, n each time per vehical. Yes, the Gurhka guards n their patrolling very very on. I need to know if they lax, as once my precinct gate not working, they station a guard there whole day till it was fix. Sorry, I buy due to strict security and my mum stays at her place alone with all windows n doors open. That's the basic I would except n they know.

Sanur I like your access card. Just need to wave. Is it the same at the exit and entrance card points?

 

[aangsc]

MMMn... Actually what's wrong with being an agent in this forum? Agents are human trying to make a decent living. We should be old, smart enough to make our own decision, am sure there are some agent among us too. By the way , don scold me, my hub also not agent..

I certainly don't find anything wrong whether you are agent or working for property company , just be honest upfront
where you are coming from.<O:p</O:p
Of course they must also follow some rules esp those that turn people off such as :-<O:p</O:p
Bad mouthed the competitor's project <O:p</O:p
Flood the threads with his contact about "For Sales/Rent advertisements"<O:p</O:p
I am sure from the tone of their speech , we could more or less figure out whether the person is an agent or not.<O:p</O:p

 

[euphony]

Thanks crystal, I've actually been reading those, but my boy is a bit too young for that lol. He's only 3, no daily cross-border commuting plans for him just yet. I am looking for a school there he can go to if and when we move.



I've checked them out, narrowly missed their seminar at LF on Sunday. They're for kids a little bit older as well, not to mention exorbitant fees. And I'm not so keen on sending him to a private college when he's older. I've had many Malaysian friends who studied at Taylor's College in KL, and I find their lifestyles during their time there tended to be so umm ..... Beverley Hills 90210 lol, not sure I'm very keen on that.

Not one bit enamoured of the fact that Prince-something and Kate Middleton studied at the UK one.

if you don't mind the malaysian chinese schools, there's always the Foon Yew group of primary schools (when your kid reaches primary school going age). Their syllabus is fairly rigorous and I had so many friends who came from there. Though I don't know how is the registration/criteria/fees like for foreigner children.

 

[Grago]

Thanks crystal, I've actually been reading those, but my boy is a bit too young for that lol. He's only 3, no daily cross-border commuting plans for him just yet. I am looking for a school there he can go to if and when we move.I've checked them out, narrowly missed their seminar at LF on Sunday. They're for kids a little bit older as well, not to mention exorbitant fees. And I'm not so keen on sending him to a private college when he's older. I've had many Malaysian friends who studied at Taylor's College in KL, and I find their lifestyles during their time there tended to be so umm ..... Beverley Hills 90210 lol, not sure I'm very keen on that.Not one bit enamoured of the fact that Prince-something and Kate Middleton studied at the UK one.

Yes I've heard about that rep...... there will always be 'wannabe's'. As to the the "Royal" connection....... that has been played up by the press. If you manage to go for a presentation that is not mentioned BUT the Ethos of the Institution is emphasised and the quality of education, (the old adage ' You pay for what you get') ..... Something that is sadly remissed in the what is taught here. More like 'achieve' at all cost and if you don't, 'you' are a failure. The fess are comparable to what is paid at the various Internationl Schools here minus the 'citizens' discount..... I do believe they do take entrants as young as 3 years. It 's stated at the end of the Fees page. I believe you have missed the recent last Open day reception at Ledang Retreat 12 November. You might want to get in touch with the Admssions tutor Dr. Alison Sharp - [email protected] for more Don't misunderstand me, I am NOT touting business for Marlborough College, but I strongly believe in giving the Child the beST possible education one can get, so that they have a 'stepping stone' in an already Challenging Life.

 

[kennyc]

ALso staying in LF! BWV.

 

[aangsc]

Hey guys,
Check out this designer bungalow in Ledang Heights, very nice! Click on 'Completed Project' and choose 'D' Banyan'. Here's the link http://ledangheight.com/ I just found this website. Seems like this company had bought quite a number of plots in Ledang Heights to build designer bungalows for sale.

By the way - all sold out. Thus, to those smart Alec, don't need to suspect that I'm trying to advertise something I'm just sharing nice things.
Hokkien says - Kiang Tio Ho, Mai Kay Kiang

Yeah, I actually attended the launch of their showhouse back in 2008 , organized with a ppty agent in SG. Was impressive and make you want to buy. They even organized a tour of Puteri harbour and I was asking myself who on earth would want to travel that distant inward to the harbour to invest but in just 3 years many things have change and I am glad they are doing alright so far for Nusajaya. Back to developer, his smallest plot was like 9000 sqft and the largest is somewhere around 36,000 sqft but at that time my understanding was that you have to build within two years....kind of turn you off but I guess they don't , the place will soon be like LF in the past . Everyone bought the land but wait for neighbour to build first, in the end nobody build and remain vacant for a long long time. I am surprised if they managed to sell off all plots, my guess is not everyone build within two years , otherwise there should be many nice bungalows there now but I also heard to get around the two years must start building condition; you simply build a fence or wall around your land, they tell you must start but never tell you must completed by when ...Anyone here from Ledang Height ?