Nothing defensive. No worries. I fully respect what others invest. You don't see me condemning this or that project is bad. I cannot say Medini is bad as well. Who am I to say?
All I can offer advice is "go there, open eyes big big, buy limited land properties, buy freehold, etc"
If no one want to listen, what can I say. I surely don't like to kaypoci other people's decision.
That's a good attitude.
Actually, you are free to say Medini is bad. Ok, maybe "bad" is a strong word that will cause people to slam you. You can definitely say how you feel honestly. Whatever you say, it's your own judgement, perception and personal investment. Nobody can put you down. If I don't like the smell or taste or durians, I will downright say I don't like durians and I think they stink. Why should I say durians are nice just because I am surrounded by a group of durian-lovers?
So I am not afraid at all to say I think Medini is not worth investing in. Period. No one can accuse me I've not been there. I opened my eyes big and observed when I was there. And if anyone wants to know the truth, I walked totally on foot from Legoland to 1Medini side, Puteri Harbour and back to Legoland. How many of you have done that? I figured if I was travelling in the car, it would be too comfortable with air-con and I wouldn't have an accurate feel of the whole place.
Try exploring the areas around Paradiso Nuova, 1Medini, and Iskandar Residences condos. They are quiet and deserted. That's not all. I also saw many unused lands and trees all over.
I don't know, maybe some of you may want to start drawing parallels about how SG was once like that and property prices boomed later. Then I should remind you that you also agreed JB is not like, and should not be like SG. Of course. We are miles apart. JB has so much land. Planning is also not as detailed and open like SG, among several other factors.
I've said many many times and I will repeat it here in case people don't know where I am coming from. Money is yours. Your financial background may be different from many others. How willing you are to spend is based on your choice. So everyone is entitled to their own opinions. For eg, I bought an iPad before but used it only a few times. After only 3-4 short years, some 3 new models were released and my old iPad is now chucked in some drawer. I can afford to do that. But I'm not sure about someone, say from a 3rd world country whose few months of salary is equal to an iPad. For such people, they would naturally think very hard and long and be very careful whether to buy an iPad or not.
So similarly, I told my friend to give up his Medini condo because I knew his background. He is far from a millionaire (like a handful of you here) but just a commoner (earning slightly less than $100k a year) who wants to try to make his money work harder purely by investing in a Medini condo. I told him, Look, just admit you've made a mistake and move on. Either you lose this sum of money (S$30+k) now or are you going to suffer more for the next 10-20 years? It will likely be too late to sell your property then. Who's going to buy? Sure, maybe if you are lucky, you may find one eventually. When? And likelihood? Understand the (high) risks involved and the odds you are against.
If you are a multi-millionaire, maybe you find paying full cash on a RM1 mil home is peanuts. I can totally understand that. But not all are like that. I can afford to dump my iPad but a 3rd world worker can't.
