Living in JB

[IskandarRocks]

Hi IskandarRocks bro, thanks for sharing this valuable input to me. After visiting the mini expo at Orchard Hotel yesterday, these 2 look pretty interesting to me. My other half will prefer a condo/apartment for a start. Hence I start looking around for these.

Impiana: The quality looks pretty ok to me. There are still a few units left though not choice ones. But I like the location because it is so near to Educity! And yes you hit the nail on the spot. My other half is right about convinced by me but still not fully. Therefore, we will like something "safe". Buying in a great location will not only provide some form of insurance, in the event that something negative happens, we can still use it as a weekend stay and enjoy the great amenities around us.

Imperia: The prices are a little steep for us to be honest. But hey, this is Puteri Harbour! Looking at how prices in our SG "Puteri Harbour", I can imagine the explosion if this really takes off. Hence I too feel in terms of returns, this will be much better than Impiana. The furnishings and stuff, I'm really surprised because they use marble flooring, etc. I didn't know about the member to HH golf club too. Yesterday I brought a friend along with me. She went down today again. Not sure if she has placed a cheque or not. She seemed more excited than me yesterday. But I am glad I manage to convince someone about the potential of Nusajaya with my limited knowledge of what is happening.

I hope I can make a decision soon and I want to thank all for the input all of you have given to me so far. Thanks once again. Very greatful.

Hi bro, yes, I went to the Expo early yesterday as well. Folks had just started coming in and I could see a lot of interest around Imperia, Impiana and the Pavillion Villa. The manager told me yesterday that 2 of the most expensive units at the Pavillion Villa (3.8M and 3.5M) were booked already (and they just finalized the floorplans the night before).

I also took a friend with me to the Expo. He was very keen on one of the Pavillion Villas at EL at first. He actually went over to Nusajaya this morning and visited EL, PH and LF. He found Imperia to be his top choice after visiting the site and is in the process of finalizing one of the high floor 3 br units. Said he was quite impressed with the overall Puteri Harbour masterplan.

 

[Investor]

Hi bro, yes, I went to the Expo early yesterday as well. Folks had just started coming in and I could see a lot of interest around Imperia, Impiana and the Pavillion Villa. The manager told me yesterday that 2 of the most expensive units at the Pavillion Villa (3.8M and 3.5M) were booked already (and they just finalized the floorplans the night before).

I also took a friend with me to the Expo. He was very keen on one of the Pavillion Villas at EL at first. He actually went over to Nusajaya this morning and visited EL, PH and LF. He found Imperia to be his top choice after visiting the site and is in the process of finalizing one of the high floor 3 br units. Said he was quite impressed with the overall Puteri Harbour masterplan.

Hi IskandarRocks,

Are you looking for your third unit in Nusajaya?

 

[Puteri harbour]

The finishes are a world of differences, marble flooring and free kitchen equipment for imperia. The other difference is whether one prefer coastal and marina view vs plantation/ city and pvt estate view. Price almost double for imperia.

hi bros here, any comments about impiana and imperial?

 

[IskandarRocks]

Hi IskandarRocks,

Are you looking for your third unit in Nusajaya?

Hi Investor, great question. Honestly, I am in 2 minds. Really tempted, but after making big commitments already, I keep getting a feeling that I should not be overcome by greed. In any case, even if I do, it will not be anytime soon but maybe after Q1 next year when, and if, bonuses come through.

But, currently, I usually vist these expos not to look for something for myself but get friends along and try to get them on board, have them as neighbours, get them to join this great forum.

Any particular reason for you to ask? I know that you always ask in good faith.

 

[Investor]

This is what I like about Horizon Hills, I believe the new Coastal Highway will give Horizon Hills a boost in future demand.


Morning view in Horizon Hills.

 

[Puteri harbour]

Was in LH this morning with my whole family to see 3 houses and 2 lands marketed by UEM. Does not quite like the location due to low ground. Any one in the forum own LH and thinking of taking profit, I open to look at land between 18,000 to 24000 sq ft. Many thanks

Also drive past PH, ascott 3 level high. traders hotel and indoor theme park 5 level high but interior not known.

Also bring my wife to see EL phase 3b. Finishes not perfect but top notch in JB Liao......

Cheers,
PH

 

[Leisure]

This is what I like about Horizon Hills, I believe the new Coastal Highway will give Horizon Hills a boost in future demand.


Morning view in Horizon Hills.
View attachment 3087

Wow... I love the view!

 

[Investor]

Hi Investor, great question. Honestly, I am in 2 minds. Really tempted, but after making big commitments already, I keep getting a feeling that I should not be overcome by greed. In any case, even if I do, it will not be anytime soon but maybe after Q1 next year when, and if, bonuses come through.

But, currently, I usually vist these expos not to look for something for myself but get friends along and try to get them on board, have them as neighbours, get them to join this great forum.

Any particular reason for you to ask? I know that you always ask in good faith.

My actual question will come only if your answer above was yes, and that question is, 'Which development?' Haha!
If you've noticed, I've been keeping myself updated since the early days of this thread.

Before the launch of Imperia, I have to admit that I didn't foresee investors from Singapore, like yourself, to come in hordes to buy such expensive condo unit in Nusajaya (I see in terms of per sq ft price). My view is like most of the earlier investors - that freehold landed properties in Nusajaya have BIG room for further appreciation. Repeating what I posted in page 104 - At around Sgd100 psf in Nusajaya now compared to around Sgd1,000 psf in Singapore, I think my investment has a good chance to be doubled to Sgd200 psf in around 5 years time as Nusajaya develops further. Moreover, I see the possibility of further appreciation to Sgd300 in longer period like 10-15 years, but I'll just take the excess above double as bonus.

That's why I'm curious to know what development/s investors like you and Puteri Harbour who bought Imperia condo at RM2.x mil are looking at next.

 

[Puteri harbour]

I welcome the expats and anyone that can contribute to Singapore with open hand. We need talents to move forward. If not, the world will not be waiting for us to catch up.... That is the true fact of life run as fast as you could and spend quality time if your family.... That is my philosophy in life.

Fear not competion as such fear will bring upon thy failure.

Cheers,
PH

I wonder how our malaysian friends feel with this influx of singaporeans into JB particularly the nusajaya area?

 

[Puteri harbour]

Hi iskandarocks and investor,

Keep me inform if there is any lobang.... Since our views are so similar...

Thanks in advance......

Cheers,
PH

Hi IskandarRocks,

Are you looking for your third unit in Nusajaya?

 

[Investor]

Hi iskandarocks and investor,

Keep me inform if there is any lobang.... Since our views are so similar...

Thanks in advance......

Cheers,
PH

No problem and by the way are you looking at your 2nd or 3rd unit? Have you committed in any development other than Imperia so far?

 

[Puteri harbour]

No other commitment but have already budgeted for LH land and intend to build single story Balinese villa in 2 years so that house can be really for rental when the whole area mayerialised. If developments delayed, I will postpone constructions.

Cheers,
PH

No problem and by the way are you looking at your 2nd or 3rd unit? Have you committed in any development other than Imperia so far?

 

[Investor]

No other commitment but have already budgeted for LH land and intend to build single story Balinese villa in 2 years so that house can be really for rental when the whole area mayerialised. If developments delayed, I will postpone constructions.

Cheers,
PH

OIC, your investment locations are exactly the same as IskandarRocks.
Both of you are on the same wavelength.
Both of you are the high-end investors of Nusajaya from Singapore.

 

[Investor]

No other commitment but have already budgeted for LH land and intend to build single story Balinese villa in 2 years so that house can be really for rental when the whole area mayerialised. If developments delayed, I will postpone constructions.

Cheers,
PH

Did you try this ERA agent for Ledang Heights?
http://www.tannyho.com/projects.aspx?pid=7125&style=1

 

[Puteri harbour]

I believe if IDR sustain the rate of developments so far... Many investors will start looking at it. During the main launch, I saw an ex saf general. Many of my friends are also looking at it.

In fact the land cost with construction of abt MYR 3.5m are within reach of many Singaporeans. It is just that they are uncomfortable with security and ignorance about nusajaya. Many Malaysian in JB also does not know about nusajaya. Many only know about sutera utama, taman universiti Nikita indah. When they all knows about nusajaya, it is when all of us start celebrating.....

Cheers,
PH

OIC, your investment locations are exactly the same as IskandarRocks.
Both of you are on the same wavelength.
Both of you are the high-end investors of Nusajaya from Singapore.

 

[Investor]

I believe if IDR sustain the rate of developments so far... Many investors will start looking at it.
...It is just that they are uncomfortable with security and ignorance about nusajaya.
Many Malaysian in JB also does not know about nusajaya....When they all knows about nusajaya, it is when all of us start celebrating.....

Cheers,
PH

This is another exact same view we share and I've repeated it many times

On another topic, what do you guys think about the possibility of having too many investors buying up a few units each purely for investments and Nusajaya ended up with too many units up for rental but with insufficient demand?

Another thing is that aren't you worried about over supply of bungalows in Nusajaya in future by developers themselves which can absorb the potential demand which you're anticipating? Because the major developers of developments in this prime land are all planning to build more bungalows. Eg. Ledang Heights(all bungalows), East Ledang(all bungalows in future), Horizon Hills(around 2500 bungalows in all 13 precincts), Medini(High-end semi-dees and bungalows though 99 years), nearby Leisure Farm(many more bungalows, land is super vast, though not as prime as your targeted Ledang Heights). The developers are all competing with you for the same future buyers.

 

[Investor]

Great news! Johor Premium Outlets is only a small attraction compared to next year's Legoland + Lifestyle Mall + Puteri Harbour's Indoor Theme Park but there's already a big Hoo Haa created and it was on prime time TV news just now. Coach transport company mentioned that business boomed due to JPO and Singapore's tour agencies talked about tour packages for Singaporeans which can have JPO as highlight. By end of next year, Singapore's Tour agencies will have weekend 2 days 1 night packages just for Nusajaya plus a JPO visit. By then, Singaporeans and Malaysians will finally visit Nusajaya in hordes and demand for properties here will Definitely see a Boom.

 

[Icyraine]

I saw that one on the 11.00 pm news as well, in mandarin though.. hehe, yes, this is good news.

 

[contra]

As an investor, I see that doing 'some' market research in buyers' 'wants and needs' is important for my investments to have a better chance of success.
Developers do in-depth market research to determine how they want to position their products (eg. high-end or low-cost properties) in order to sell well.

Buying a house for own stay is something personal, everyone has different taste and needs. Thus - Don't need to seek too many opinions (This I agree)
Investing in a property is different. We cannot rely on our own personal taste and needs to judge. We need to find out what Most(Majority) buyers in the market prefer and we go with that majority.

Hi Investor,

This one I agree. We must always keep in mind the target market. If it is upper middle class and above people for the semi-d and bungalows, then good chance they play golf. Already we have Arsenal & Icyraine. HH has a leg up on this. I believe many people buy HH after playing golf there. (Me, after I watched the 2010 Iskandar Open on TV).

Back to topic of target market, and this time on who will rent a house in HH or EL?
I am still trying hard to understand what are the rental market demographics in HH and EL We have bro Vincent in this forum but seems to be a transition to NI. At work I know my America colleague seriously considering staying in Nusajaya so that he can bring his dogs from the States. Malaysians working in Singapore or JB likely to buy for own stay. Thus so far I am not sure if I should invest another for the sake of rental yield? Is the high-end rental market robust enough yet? Any tip on rental demographics appreciated. Taking another loan that does not immediately pay for itself will be painful for me. But willing to take the chance if I have more info on rental target market for high end properties in JB.

 

[contra]

LGLab, you need to be in the " malaysia 2nd home" plan if you want to hire a maid. Or, if you have any Malaysian relatives, then may be you can try applying using their name?

Errr a word of caution on last part. Was in KL two week ago and I saw on TV the news that Malaysia Gov will fine RM500k for people asking their maid to work in someone else's house. Maybe it was for Indonesian maids only? Not sure. Just careful to check.