Agreed. At current prices, Psf increase will be much slower and investors must be VERY discerning when buying now...
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New developments to share
- Thread starter wuqi256
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Agreed. At current prices, Psf increase will be much slower and investors must be VERY discerning when buying now...
Is that really so big? It's less than half of perth. Try not to think of relative size too, the population density is relatively low. 1x HDB's population can easily cover a large area there.
I'm just hoping the prices steadily rise and not too fast which may create social problems.
In Horizon Hills they still have landed in The canal. But I understand SP Setia has sold out all current launches. I think they are running out of land. They will be launching Sky Trees( condo) later this year. Bestari heights landed I believe they still have bumi lots for release.
Thanks prof for your words of wisdom, and ever willingness to share.
If think rental could cover bank loan, think again. Can find so many tenants??
In Singapore my two neighbors who rent out, empty for almost 4 - 6 months oredi. So think harder. Just see how many condos coming up in Iskandar.......
I agree the supply is somewhat worrying, not just in Medini but also all over Zones A & B. In Singapore I have owned 2 condos for more than 7 years, never had vacancy loss of more than 2 mths. That's because location is good and we maintain unit well. In Iskandar, I agree a lot isnt proven yet. But when its proven, if its proven, prices would have moved.
Quite a few investment stuff coming up soon, not referring to high rise units. Seems like more news are going to be released soon.
bro, could you kindly PM me what are those ? Thanks in advance,
The problem I see , isnt proven yet prices move up a lot ! ( Is that what you trying to say ? )
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Quite a few investment stuff coming up soon, not referring to high rise units. Seems like more news are going to be released soon.
Pls PM me . Thanks!
What I mean is we are buying on potential. I dont know how it will go, only time will tell. On one hand if we enter now, we likely will see more upside as its relatively early for Medini.On other hand if we buy later, we may be more sure of how things are going, but we will have to pay a premium for the 'insurance'. Its like Bukit Indah, those who bought before it was developed, have seen a huge gain, e.g Sky Executuve suites. Ultimately its about risk profile. Are you willing to take more risk for higher gains or prefer to wait till risk level goes down? Of course, sometiems being prudent also saves you money as you can choose to not go in should it be a flop. Certain areas in Nusajaya like around Bukit Indah, East Ledang, there's less doubt. Its also more livable from local point of view. Medini is more a foreign mkt I believe. Tenants are likely to be from the biz area, so the biz area has to take off or it will sink.Would Singaporeans choose to live there, just to stay and commute? I would think they'd prefer an area with more amenities, likewise Malaysians.
Selling like hot cakes
http://www.propertyguru.com.my/en/p...7/Units at Meridin@Medini sell like hot cakes
May 17, 2013 - PropertyGuru.com.my
By Farah Wahida:
The Meridin@Medini in Iskandar Malaysia sold 446 units with a collective value of RM261 million during its recent preview, reported The New Straits Times.
Astoundingly, 75 percent of the units were sold within just five hours. Out of this figure, 65 percent were purchased by Malaysians, while the rest were bought by foreigners from Singapore, Indonesia, Korea, Taiwan and Japan.
“This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini,” said Tan Sri Datuk Sri Leong Hoy Kum, Group Managing Director cum Group Chief Executive of Mah Sing.
Also sold were 30 lifestyle retail units measuring from 850 sq ft and priced from RM1,000 psf. Most of the buyers were firms that commence qualifying activities before 31 December 2015 as they will be able to register for IDR Status. This grants many incentives such as royalties, income tax, import duty, sales tax, real property gains tax and withholding tax for services.
Developed by Mah Sing Bhd, Meridin@Medini is a purpose-built integrated project located along Persisiran Pantai JB-Nusajaya.
http://www.propertyguru.com.my/en/p...7/Units at Meridin@Medini sell like hot cakes
May 17, 2013 - PropertyGuru.com.my
By Farah Wahida:
The Meridin@Medini in Iskandar Malaysia sold 446 units with a collective value of RM261 million during its recent preview, reported The New Straits Times.
Astoundingly, 75 percent of the units were sold within just five hours. Out of this figure, 65 percent were purchased by Malaysians, while the rest were bought by foreigners from Singapore, Indonesia, Korea, Taiwan and Japan.
“This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini,” said Tan Sri Datuk Sri Leong Hoy Kum, Group Managing Director cum Group Chief Executive of Mah Sing.
Also sold were 30 lifestyle retail units measuring from 850 sq ft and priced from RM1,000 psf. Most of the buyers were firms that commence qualifying activities before 31 December 2015 as they will be able to register for IDR Status. This grants many incentives such as royalties, income tax, import duty, sales tax, real property gains tax and withholding tax for services.
Developed by Mah Sing Bhd, Meridin@Medini is a purpose-built integrated project located along Persisiran Pantai JB-Nusajaya.
I think bulk of Malaysians n other foreigners r Singapore PRs, if not how to ballot?
There was a VVIP pre launch sale where already got good respond. This was followed by aggressive marketing in Singapore for the remaining units. Rumoured there was overwhelming RM 10K chaques given for the ballot and 99% sold after the ballot.
I understand Malaysian agencies also collect cheques like for Iskandar Res, Tophills collects over there. Balloting will be done altogether with the Huttons cheques from here.
Johor being a much bigger state that Singapore you will be surprised but many actually are quite well off, even in small towns, not just JB. Small town Johoreans dont spend much as cost of living is low so you may not see their wealth, but many actually have cash and can easily buy a property that is 1M or more. Esp[ecially people in Biz and doctors , lawyers who btw earn a lot more than their Singaporean counterparts.
Singaporeans arent that well off, the average Singaporean is likely a HDB dweller that at most can buy one foreign property. There being many more Malaysians than Singaporeans, chances are there are many more rich Malaysians not in percentage but in real numbers. You'll be surprised, many also invest in London, Australia etc.
People up north prefer to invest up north in KL or Penang, those who come down south may have ties with Johor or have grown up there.
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