Meridin at Medini and Astaka Project in Iskandar - any good?

[Ks2750]

Its No 3 Jalan Legoland, Bandar Medini, Nusajaya...
I guess the address is not bad

 

[freekazoid]

why you say so? just curious. I thought UEM and sunrise were both pretty good in their projects in KL.

You are right, UEM and Sunrise both have very good reputation and result to show. No reason to say UMLand is better

 

[graveyard]

you must have spent ages hunting around for such a condo. my guess is it has old world charm and is well maintained? u bought to stay or rent out?

Actually not really long. I withdrew out of tropez as i felt at that time 6xx psf is too high. Then i went online to research on condo.with good management - names like aloha towers, prima regency, straits view, molek pines popped out. saw an ad for aloha gg for 350k when other similar unit selling 400k. Went to view this, like it and confirm on same day. Since then it has been tenanted. I like the place - 5mins drive to ciq, windy/breezy as its on raised land, high floors have unblocked city/straits view. Good mgt indeed - many security guards patrolling with walkie talkie. very quick to shoo off cars parking any area except the designated lots

 

[malpaso]

Actually not really long. I withdrew out of tropez as i felt at that time 6xx psf is too high. Then i went online to research on condo.with good management - names like aloha towers, prima regency, straits view, molek pines popped out. saw an ad for aloha gg for 350k when other similar unit selling 400k. Went to view this, like it and confirm on same day. Since then it has been tenanted. I like the place - 5mins drive to ciq, windy/breezy as its on raised land, high floors have unblocked city/straits view. Good mgt indeed - many security guards patrolling with walkie talkie. very quick to shoo off cars parking any area except the designated lots

good buy!

 

[graveyard]

good buy!

Hmm its not perfect though. This is an old condo and facilities are nothing to.shout.about. i have to spend some money to change the pipes due to wear and tear and fix the wiring. Then again, i think the location factor is worth these inconvenience

 

[xixxix]

Hmm its not perfect though. This is an old condo and facilities are nothing to.shout.about. i have to spend some money to change the pipes due to wear and tear and fix the wiring. Then again, i think the location factor is worth these inconvenience

Are you Malaysian? I thought foreigners cannot buy properties below 500k?

 

[graveyard]

Are you Malaysian? I thought foreigners cannot buy properties below 500k?

Yes i am. Msian SPR

 

[Chocolate]

Actually not really long. I withdrew out of tropez as i felt at that time 6xx psf is too high. Then i went online to research on condo.with good management - names like aloha towers, prima regency, straits view, molek pines popped out. saw an ad for aloha gg for 350k when other similar unit selling 400k. Went to view this, like it and confirm on same day. Since then it has been tenanted. I like the place - 5mins drive to ciq, windy/breezy as its on raised land, high floors have unblocked city/straits view. Good mgt indeed - many security guards patrolling with walkie talkie. very quick to shoo off cars parking any area except the designated lots

Good decision. There is a price disparity between the brand new launches and some of the older condos that doesnt make sense to me. For those of us who are Malaysuian and know JB, some of the so called'convenient' locations in Jb that are going at premier prices are areas that the locals with moeny wont buy as they are not considered anywhere near 'atas'. They just happen to be near CIQ.Even with landed its the same.I wonder if this will be the new 'normal' here or will it be unsustainable. A bit like Geylang here. Its convenient but locals dont like the 'flavour/ambience' of the area. However, foreigners dont mind as much as prices have been moving up especially when they re-brand it as Paya Lebar.
The local JB folks associate good neighbourhoods with those around the old town area, and Jalan Straits View area, some of the houses there have lovely sea views.

 

[graveyard]

Good decision. There is a price disparity between the brand new launches and some of the older condos that doesnt make sense to me. For those of us who are Malaysuian and know JB, some of the so called'convenient' locations in Jb that are going at premier prices are areas that the locals with moeny wont buy as they are not considered anywhere near 'atas'. They just happen to be near CIQ.Even with landed its the same.I wonder if this will be the new 'normal' here or will it be unsustainable. A bit like Geylang here. Its convenient but locals dont like the 'flavour/ambience' of the area. However, foreigners dont mind as much as prices have been moving up especially when they re-brand it as Paya Lebar.
The local JB folks associate good neighbourhoods with those around the old town area, and Jalan Straits View area, some of the houses there have lovely sea views.

Thanks. on the hindsight, I would be having capital gain if I had bought tropez. But at that time, I reasoned that by the time tropez top, I would have collected few years of rent with a ready ppty like aloha that I can live with depressed rent when all the developments are up and still have a decent yield given the low psf. Well the real atas places in JB will be east ledang, horizon hill I guess. The houses at Jalan Straits View are nice but don’t come cheap as expected due to limited supply and bungalow structure. Anyway, yes I do agree that the good old spacious condos still pose a challenge to the new 1000psf city condo – no frill, no fancy facilities – just good old space. That’s why I am seriously planning to give up Suasana (Matex)

 

[jstan]

Bros , i am personally marketing both projects as mention namely Meridin and Astaka. If there's any queries or help i can assist you do contact/sms me @ 96522882. Jazzer Tan

 

[kengheng23]

Bros , i am personally marketing both projects as mention namely Meridin and Astaka. If there's any queries or help i can assist you do contact/sms me @ 96522882. Jazzer Tan

no advertisig here please

 

[sotong007]

All those early buyers already sitting on massive paper gain.
now danga starting PSF 800-900 for worst units. Avg 1200 psf, best ones going for 2000 psf!

 

[graveyard]

All those early buyers already sitting on massive paper gain.
now danga starting PSF 800-900 for worst units. Avg 1200 psf, best ones going for 2000 psf!

Overly optimistic - not even KL is hitting 2000psf. It will be long before JB catches up

 

[gooddebt]

All those early buyers already sitting on massive paper gain.
now danga starting PSF 800-900 for worst units. Avg 1200 psf, best ones going for 2000 psf!

Wow 2000 psf ! which developmt ??

 

[graveyard]

Wow 2000 psf ! which developmt ??

The honor can only belongs to Penang

http://www.propertyguru.com.my/property-listing/setia-v-residence-penang-for-sale-1646714

 

[Chocolate]

Thanks. on the hindsight, I would be having capital gain if I had bought tropez. But at that time, I reasoned that by the time tropez top, I would have collected few years of rent with a ready ppty like aloha that I can live with depressed rent when all the developments are up and still have a decent yield given the low psf. Well the real atas places in JB will be east ledang, horizon hill I guess. The houses at Jalan Straits View are nice but don’t come cheap as expected due to limited supply and bungalow structure. Anyway, yes I do agree that the good old spacious condos still pose a challenge to the new 1000psf city condo – no frill, no fancy facilities – just good old space. That’s why I am seriously planning to give up Suasana (Matex)

East Ledang is in Zone B.Its not even in JB , locals differentiate between Skudai/Gelang Patah and JB. So its Zone A that they prefer to live in.Nothing wrong with Zone B or the other areas in Zone A that Singaporeans target but we have to be aware that these are solely dependent on foreign interest. So there is a certain degree of risk different from buying in areas locals also buy to stay.The only area in Zone B Malaysians seem keen on is Puteri Harbour, I am not vested there. Just making a comment.

 

[sotong007]

Just went for a drive to Puteri Harbour and medini Sat morning

Whole stretch of big vast empty land, no cars at the traffic. Its gonna be a while before any Iskandar zone B investor see any actual gains. Paper gains are nice but u gotta find a bigger fool to buy from u with nothing up on the site.......

To be fair there are some earlier projects already building up. Area nearer to the 2nd link and highway is likely gonna higher launch price, (medini lakeside) so early movers made more paper gains

 

[FHBH12]

Just went for a drive to Puteri Harbour and medini Sat morning

Whole stretch of big vast empty land, no cars at the traffic. Its gonna be a while before any Iskandar zone B investor see any actual gains. Paper gains are nice but u gotta find a bigger fool to buy from u with nothing up on the site.......

To be fair there are some earlier projects already building up. Area nearer to the 2nd link and highway is likely gonna higher launch price, (medini lakeside) so early movers made more paper gains

I agree. There is still plenty of land at Medini. I don't think the government is really keen to shift to Kota Iskandar. It is very far from staff homes and activity area at JBCC, Tebrau & Johor Jaya and the manufacturing hubs at the east side.

 

[sotong007]

Wow 2000 psf ! which developmt ??

i asking around want to hoot waterfront development

brunsfield Iskandar water front. penthouse almost 2k psf. 41 storey..... then got only 14th floor left (start from 7th storey) at 1100 psf......... low / mid floor at this price, the penthouse really selling 2000 psf. i think sold already coz agent say the 14th floor only unit left at tower D (out of 4 tower)

 

[wolverine23]

Kind to share what is your unit size and rental currently?

Is it easy to find a tenant? (I am curious as I have bought Tropez...)

Actually not really long. I withdrew out of tropez as i felt at that time 6xx psf is too high. Then i went online to research on condo.with good management - names like aloha towers, prima regency, straits view, molek pines popped out. saw an ad for aloha gg for 350k when other similar unit selling 400k. Went to view this, like it and confirm on same day. Since then it has been tenanted. I like the place - 5mins drive to ciq, windy/breezy as its on raised land, high floors have unblocked city/straits view. Good mgt indeed - many security guards patrolling with walkie talkie. very quick to shoo off cars parking any area except the designated lots