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LGLab

Alfrescian
Loyal
Those living or invested in Horizon Hills must rejoice with me in this piece of great news yet again.

Yesterday, my friend managed to sell off his Horizon Hills Superlink TERRACE ( TERRACE, not Cluster or semis ) Totally BARE unit.

The price is RM 1.3 million + resale.

A few other Superlinks ( big terraces ) have been sold recently for RM 1.1million already.

Those semis facing the Golf course at the Gateway, I heard from the HH salesmen that one was recently sold for RM 1.6 million +.

At this rate, below RM 1 million houses cannot be found in HH soon.

Yesterday the Spore government announced yet another major round of coolig measures to deter the prices from shooting up.

For sure the investors will start looking to snap up more houses in HH and nearby as there are no restriction on any ownerships or property investments here yet.

wait for me!!!

d0nt shoot sooo fast till i cant buy !
lol
 

teck21

Alfrescian
Loyal
Yesterday, my friend managed to sell off his Horizon Hills Superlink TERRACE ( TERRACE, not Cluster or semis ) Totally BARE unit.

The price is RM 1.3 million + resale.

A few other Superlinks ( big terraces ) have been sold recently for RM 1.1million already.

Those semis facing the Golf course at the Gateway, I heard from the HH salesmen that one was recently sold for RM 1.6 million +.

Ummm, seriously? I barely just bought my unit, but I will cash out instantly if so lol. That kind of price is absolutely absurd.
 

spidey

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In a way, it's good.....if the toll fee is not increased for those not using EDL.
At least there's a choice for people to escape the jam at CIQ if they willing to pay.
That's additional s$8 per day or s$160/mth which I think is worth it if there's no jam and makes it feasible for daily smooth commuting.

OMG - If I understand correctly what they have written about this - there is no choice for the ppl using the causeway! the toll booth will be located near/in the CIQ. So, irregardless if you wish to use the EDL or the Tebrau way - you gotta pay, the moment you pass thru the CIQ!
Those that do not need to pay are ppl using the EDL without hitting the causeway! The changes from 2.90RM currently to 9 bucks..if I am not mistaken....much more expensive than Tuas! knn!!

Normally i use the causeway rather than Tuas, if this is true better have to think twice already....
 

yonglip

Alfrescian
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Ummm, seriously? I barely just bought my unit, but I will cash out instantly if so lol. That kind of price is absolutely absurd.

reminds me of the newbie PRs that comes in to buy HDB flats in the last few years. They do not know what is the actual market price and just pay whatever the owner is asking cos when they compare SG with other major cities like Beijing or Shanghai, still cheap. They forgot to compare SG to SG. In the process, these PRs spoil the market and drive up the price resulting in many Singaporeans turning to BTO.

I think at this rate, it will be no time before M'sian govt intro more cooling measures like raising the min to RM750K for foreigners...
 

teck21

Alfrescian
Loyal
reminds me of the newbie PRs that comes in to buy HDB flats in the last few years. They do not know what is the actual market price and just pay whatever the owner is asking cos when they compare SG with other major cities like Beijing or Shanghai, still cheap. They forgot to compare SG to SG.

Hush yonglip bro, I'm in the process of putting my own unit up for sale, don't want you giving them strange ideas as to how much they should or shouldn't pay for it lol.

When they were RM 1.7m to RM 1.9M, I avoid cos I feel it is grossly overpriced. Now the resale are hitting RM 3million.

I see your point. Fact of the matter is, as far as property goes, or any other asset class for that matter, any objective analysis will reveal upside or downside possibilities, regardless of prevailing market conditions.

Best one can do is take the data in and come to a decision.

I am very bullish about the long-term prospects for southern Johor, but very sceptical about property prices everywhere in East Asia and Australia for the short term.

At the transacted prices you mention, it simply appears to me that prices have run up too fast, and too quickly. Unsustainably so for the short term.

Lol, but then again, I've been reading this thread in full and I noticed scepticism about rising prices here in Nusajaya from 2 years ago. *shrug* Who really knows till well after it happens?

ANyway I'm buying for immediate occupation, so I guess it doesn't really matter to me right now which way they go. :smile:
 

johnny333

Alfrescian (Inf)
Asset
reminds me of the newbie PRs that comes in to buy HDB flats in the last few years. They do not know what is the actual market price and just pay whatever the owner is asking cos when they compare SG with other major cities like Beijing or Shanghai, still cheap. They forgot to compare SG to SG. In the process, these PRs spoil the market and drive up the price resulting in many Singaporeans turning to BTO.

I think at this rate, it will be no time before M'sian govt intro more cooling measures like raising the min to RM750K for foreigners...


I think some Sporeans are crazy :eek: They forgot why Sporeans are moving to JB in the 1st place.

No wonder the Malaysians are complaining of high prices in JB.
 

ODYSSEY

Alfrescian
Loyal
Ummm, seriously? I barely just bought my unit, but I will cash out instantly if so lol. That kind of price is absolutely absurd.

Hey, tis is good news for u Teck! But I know u wouldnt, at least for now....lol. Tis is good news to all who had already vested in HH. Avelc, mia tu liao!
 

avelc

Alfrescian
Loyal
Yes. Check the caveat around Feb or March and the prices should be reflected. I really cannot believe it but he has showed me the contracts early this morning. Suddenly I feel that RM 3 million upsized bungalows in HH left unsold now look cheaper. When they were RM 1.7m to RM 1.9M, I avoid cos I feel it is grossly overpriced. Now the resale are hitting RM 3million. No wonder I see more and more maseratis, lambos and Bentley during my weekend golf session recently

Hey HH, where do you check caveats lodged for Johor properties?

reminds me of the newbie PRs that comes in to buy HDB flats in the last few years. They do not know what is the actual market price and just pay whatever the owner is asking cos when they compare SG with other major cities like Beijing or Shanghai, still cheap. They forgot to compare SG to SG. In the process, these PRs spoil the market and drive up the price resulting in many Singaporeans turning to BTO.

I think at this rate, it will be no time before M'sian govt intro more cooling measures like raising the min to RM750K for foreigners...

I also think it's only a matter of time before Msia govt introduces cooling measures like raising the bar to 750k.

Hey, tis is good news for u Teck! But I know u wouldnt, at least for now....lol. Tis is good news to all who had already vested in HH. Avelc, mia tu liao!

Hey odyssey, have to shop around leh, I'm just a humble buyer, buy property have to work out sums & choose area, not masak masak like buying toys... Going to Puteri Harbour & maybe Bukit Indah this weekend.
 

Icyraine

Alfrescian
Loyal
The new super-link in the Hill is selling at 820k, if a super-link is sold at 1.1m, then i think it's either
1)The unit is the special super-link terrace (only 8 unit at the golf) with good golf view, i saw one such corner terrace asking for 1.4m
2)All of the terrace priced at 820k is sold out ( which is possible bcoz there are only a few units left 2 weeks ago but i know they will open up more)

Either way, this is a great news!
 

Aisanbo

Alfrescian
Loyal
OMG - If I understand correctly what they have written about this - there is no choice for the ppl using the causeway! the toll booth will be located near/in the CIQ. So, irregardless if you wish to use the EDL or the Tebrau way - you gotta pay, the moment you pass thru the CIQ!
Those that do not need to pay are ppl using the EDL without hitting the causeway! The changes from 2.90RM currently to 9 bucks..if I am not mistaken....much more expensive than Tuas! knn!!

Normally i use the causeway rather than Tuas, if this is true better have to think twice already....

Based on the report today, you are bloody right....
http://motoring.asiaone.com/Motoring/News/Story/A1Story20111208-315095.html
 

euphony

Alfrescian
Loyal
its more likely a move to liven up kota iskandar. put a toll on that route and nobody will find a reason to go and become a white elephant situation?

i am really and truly puzzled...why coastal highway can be free while they have to charge on EDL????...
 
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euphony

Alfrescian
Loyal
I'm thinking will the SG side follow the pricing change? If so it'll be a significant amount for daily commuters plus weekend day trippers looking for some savings across to JB. That'll kill a lot of cash cows in 1 stone and a political suicide for the incumbent. I suspect they'll judge the backlash and then shy away from the drastic decision. History shows similar flamboyant moves almost never takes...


if thats the case, what has the increase in toll got anything to do with the EDL?
it appears that they are just finding a reason to increase the toll... crap man....
 

Aisanbo

Alfrescian
Loyal
if thats the case, what has the increase in toll got anything to do with the EDL?
it appears that they are just finding a reason to increase the toll... crap man....

Yes lah, it is not EDL toll fee but CIQ toll fee.
They are smart also to prevent the EDL becoming white elephant. Since need to pay might as well use.
I think toll fee would be increased to RM6.20 from rm2.90 now.
A return trip would cost about s$6.50 inclusive sg toll.
One month 20 working days would be s$130.
If it can effectively reduce jam and redistribute traffic between tuas and woodlands, actually not too bad considering the many other savings from housing, food, petrol, etc.
But I worry their CIQ counters never expand and so back to square 1.
 

wuqi256

Moderator - JB Section
Loyal
Hey guys, sorry i'm back. Need to rush my work so i will be brief on my cents.
All about pricing:
I don't think the pricing for the entry fees for Lego land is feasible.
For the first link pricing, even implemented, i don't think this will remain for long once they realise its not feasible.

For HH, i am really surprised, i had thought it would be slow and steady growth and not as fast as its doing, it should
remain reachable at least for a time.

As for people who always tell me that there is no corruption, people don't die in the streets in Singapore, please refer to this:
http://sammyboy.com/showthread.php?...t-knifed-and-killed-by-gangster-on-the-street!
 

wuqi256

Moderator - JB Section
Loyal
Congrats Teck21!! :smile:

Agree that it should be something sustainable rather than rocket up like its doing now.
For me its no different, bros who have approached me before knows i am not selling any.
 
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wuqi256

Moderator - JB Section
Loyal
I'm thinking will the SG side follow the pricing change? If so it'll be a significant amount for daily commuters plus weekend day trippers looking for some savings across to JB. That'll kill a lot of cash cows in 1 stone and a political suicide for the incumbent. I suspect they'll judge the backlash and then shy away from the drastic decision. History shows similar flamboyant moves almost never takes...

Actually this seems to be their long term plan, to starve the JB side of things it seems and divert the hustle and bustle to the 2nd link area.
 
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