Re: causeway link bus
Bro Nusajaya, Diaspora,and others...
thanks for your mind advice.
It is in fact good to ask myself what I need or want.
What I don't need:
- I don't need a place for stay (other than my current place) for next 20-25 years. At least I believe, I should work for this duration.
What I want:
- I want a property for investment
- It needs to easily find tenants.
- Hopefully it appreciates faster than surrounding and probably I can invest for my 2nd property
In case my expectation doesn't work out:
- I may just use this property as holiday home/weekend home.
- and if I'm no more competitive earlier than I thought: I may migrate out earlier and earn my rental income from SG property.
I analysed this whole development over this weekend period and I finally believe:
1) It may take 20-30 years for the whole Iskandar (3x of SG) to fully develop.
2) The 1st 10 years will focus on inner Zone B (East Ledang, Medini, Kota iskandar, Puteri Harbour, Educity)
This is the key of the development. If it succeed, others will. If it fails, others have not much chance to survive.
Therefore I feel it is very important for me to pick property in this region as there will be many business activities in this area which requires housing.
The housing in this area:
- East Ledang is no more affordable for me.
- Puteri Harbour is too expensive
- 1Madini is very interesting. But it is Leasehold and using commercial term (electricity, tax, etc will be higher).
- Ujana sold out.
- Impiana has some available looking as the best candidate in this area for me.
The outer zone B such as:
- Horizon Hills
- Nusa Idaman
are the next on my list. But as it is separated by highway to the city, it becomes less appealing to me. But I have not totally given up on this area unless someone prove me otherwise.
So this morning I went to Impiana Showroom (Nusajaya Centre) and signed a contract by giving RM10k deposit. Pick up the highest available floor (9th) from 3rd phase release.
There will be final phase next year which has 22nd floor as its peak.
I had an agreement that in case I cancel it within 2 weeks and they'll refund me RM9500. So I will only lose RM500. Which is worth a bet and my trip.