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Or one can put it simply as if medini takes off vs a current commerical shopping eating hub for zone B. But when is if?
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New developments to share
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Or one can put it simply as if medini takes off vs a current commerical shopping eating hub for zone B. But when is if?
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For Sky View & Breeze, units on lower floors are indeed RM4xx psf after early bird discount, much lower than units on higher floors which are almost RM600 psf despite after discount.
I would say the risk is lower if buying in Bukit Indah since it is developed and mature estate and much sought after by the locals, however the capital appreciation may not be as good as Medini if the latter is developed as planned.
I would say the risk is lower if buying in Bukit Indah since it is developed and mature estate and much sought after by the locals, however the capital appreciation may not be as good as Medini if the latter is developed as planned.
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I did hear about Sky Breeze & Sky View. And I know what happens with Setia's projects especially Bukit Indah, but even then 900psf is likely only if they make the units even smaller, so the quantum is palatable, like in the case of D'Pristine. Even Sky Breeze , the 2 bedrooms are not big, below 900sqft?Mickey Mouse developments seem to be coming to Nusajaya
Indeed, its a more developed estate with amenities which I think will appeal to Malaysians and Singaporeans alike. The resale prices of Sky Executive suites is abv 500psf? Am basing this on asking prices. I dont know what the actual resale prices are. If its in that range then no surprise that the next 2 Sky-s were sold at at least that price, and I hear higher floors of Sky Loft were also abv 500psf. My friend was offered a unit last year,abv 30th floor and didnt buy at that time as it was only unit left for 2 bedrooms but quantum about 800K.
I was hoping to grab something in BI but at these prices.....maybe I am too late
How about the condo nearer Bestari side, D'Inspire? Am not sure of the name, is it sold out?Price? There are also condos in Nusa Duta & Nusa Idaman. I hear the one at Nusa Duta just sold out. HH, had units about a month back, am unsure now.
Impact of the KL-Singapore high-speed rail
Your window to Malaysia
Saturday, 8 June 2013
Font-size: A | A | A
by Wong Mei Kay on Monday, 03 June 2013 16:00
BEFORE commercial airlines, trains were the preferred mode of transport for long-distance travel. Over the years, man's endless pursuit of speed has seen the advancement of railway technology, enabling us to travel faster across great distances.
Today, high-speed trains zoom across cities and countries at breakneck speeds of more than 300kph.
Japan introduced the world's first high-speed rail in 1964. It runs between Tokyo and Osaka and remains the leading high-speed rail in the world today with its continued innovation and technology. Since then, countries across Europe and Asia have been motivated to develop similar systems.
Earlier this year, Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong gave the go-ahead for a high-speed rail (HSR) connecting Malaysia's capital Kuala Lumpur to the city-state.
The exact cost of the HSR has not been announced officially, but it is estimated at RM30 billion. It will cover some 330km as it snakes its way through the west coast of Peninsular Malaysia, which translates into a cost of about RM91 million per km. Travel time between the two capitals is expected to be just 90 minutes.
The HSR, which is targeted for completion in 2020, will complement another rail project — the Rapid Transit System Link — that will link Johor Baru to Singapore's Thomson Line, which is expected to be ready by 2019.
The HSR has been a topic of discussion since its announcement. Some are optimistic about it while others are concerned about the cost of its construction and the price of the tickets. A widely talked about aspect of the HSR is how it is going to affect the property sector.
The Edge Investment Forum on Real Estate 2013 brought together three experts in their fields to participate in a panel discussion titled "The impact of the KL-Singapore high-speed rail" on May 11.
The panellists were Nor Azam M Taib, senior vice-president of corporate business at Malaysia Building Society Bhd; Sunway Bhd's executive director Kumar Tharmalingam and Knight Frank Malaysia's managing director Sarkunan Subramaniam.
All three agreed that the HSR would have a huge impact on the country's economy and the real estate sector. Its construction is expected to add RM6.2 billion to gross national income, stimulate gross domestic product by 0.5% a year during the construction period, impact the construction, manufacturing and tourism sectors and raise foreign direct investment in Malaysia.
The panellists believe Malaysia could experience the same kind of effects that HSR in, for example, Europe (the Eurostar between London and Paris) and China have had if the project becomes a reality.
Nor Azam said the HSR would create more movement and activity in the areas between the two economic hubs when it is completed. The benefits to the tourism sector would be huge. "With the HSR stopping at both Changi Airport and Kuala Lumpur International Airport, the region would eventually emerge as a main tourism hub."
The HSR would also have spillover effects across various industries, boosting business and employment opportunities in the tourism, hospitality, education, retail, transport and construction sectors, Nor Azam added.
Although the HSR's stations have not been announced, five places have been mentioned in the initial plan — Seremban (Negeri Sembilan), Ayer Keroh (Melaka) and Batu Pahat, Muar and Iskandar Malaysia (Johor). Noz Azam said this would lead to an increase in demand for properties around the stations, which will have a positive impact on the property market in the areas.
According to Sunway's Kumar, the Kuala Lumpur rental market would be among the main beneficiaries of the proposed HSR as greater connectivity and stronger cross-corporate relationships would motivate more foreign companies and investors, especially those that are already established in Singapore, to do business in Malaysia. Expatriates and foreign workers would need accommodation, which is good news for the rental market.
Cross-corporate relationships would also create more corporate content, higher-quality companies and better-paid staff in the city, said Kumar, adding that hotels, serviced apartments and offices would benefit as well.
The panellists see new developments mushrooming along the HSR as well as in Kuala Lumpur city.
Knight Frank's Sarkunan opines that the project would alleviate congestion and cut costs associated with urban growth in the cities and trigger the rise of nearby second and third-tier cities. The spread of population and growth would reduce the disparity of income between the cities and secondary towns. This, in turn, would make way for more efficient allocation of business activity across space and help firms control costs.
"We can also expect to see more transit-orientated developments and mixed built communities, such as affordable homes around the stations, thus providing better housing and transport choices," he said.
Developers with existing landbank in Johor and prime locations in the Klang Valley are likely to reap the benefits of the HSR.
This story first appeared in The Edge weekly edition of May 20-26, 2013.
Your window to Malaysia
Saturday, 8 June 2013
Font-size: A | A | A
by Wong Mei Kay on Monday, 03 June 2013 16:00
BEFORE commercial airlines, trains were the preferred mode of transport for long-distance travel. Over the years, man's endless pursuit of speed has seen the advancement of railway technology, enabling us to travel faster across great distances.
Today, high-speed trains zoom across cities and countries at breakneck speeds of more than 300kph.
Japan introduced the world's first high-speed rail in 1964. It runs between Tokyo and Osaka and remains the leading high-speed rail in the world today with its continued innovation and technology. Since then, countries across Europe and Asia have been motivated to develop similar systems.
Earlier this year, Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong gave the go-ahead for a high-speed rail (HSR) connecting Malaysia's capital Kuala Lumpur to the city-state.
The exact cost of the HSR has not been announced officially, but it is estimated at RM30 billion. It will cover some 330km as it snakes its way through the west coast of Peninsular Malaysia, which translates into a cost of about RM91 million per km. Travel time between the two capitals is expected to be just 90 minutes.
The HSR, which is targeted for completion in 2020, will complement another rail project — the Rapid Transit System Link — that will link Johor Baru to Singapore's Thomson Line, which is expected to be ready by 2019.
The HSR has been a topic of discussion since its announcement. Some are optimistic about it while others are concerned about the cost of its construction and the price of the tickets. A widely talked about aspect of the HSR is how it is going to affect the property sector.
The Edge Investment Forum on Real Estate 2013 brought together three experts in their fields to participate in a panel discussion titled "The impact of the KL-Singapore high-speed rail" on May 11.
The panellists were Nor Azam M Taib, senior vice-president of corporate business at Malaysia Building Society Bhd; Sunway Bhd's executive director Kumar Tharmalingam and Knight Frank Malaysia's managing director Sarkunan Subramaniam.
All three agreed that the HSR would have a huge impact on the country's economy and the real estate sector. Its construction is expected to add RM6.2 billion to gross national income, stimulate gross domestic product by 0.5% a year during the construction period, impact the construction, manufacturing and tourism sectors and raise foreign direct investment in Malaysia.
The panellists believe Malaysia could experience the same kind of effects that HSR in, for example, Europe (the Eurostar between London and Paris) and China have had if the project becomes a reality.
Nor Azam said the HSR would create more movement and activity in the areas between the two economic hubs when it is completed. The benefits to the tourism sector would be huge. "With the HSR stopping at both Changi Airport and Kuala Lumpur International Airport, the region would eventually emerge as a main tourism hub."
The HSR would also have spillover effects across various industries, boosting business and employment opportunities in the tourism, hospitality, education, retail, transport and construction sectors, Nor Azam added.
Although the HSR's stations have not been announced, five places have been mentioned in the initial plan — Seremban (Negeri Sembilan), Ayer Keroh (Melaka) and Batu Pahat, Muar and Iskandar Malaysia (Johor). Noz Azam said this would lead to an increase in demand for properties around the stations, which will have a positive impact on the property market in the areas.
According to Sunway's Kumar, the Kuala Lumpur rental market would be among the main beneficiaries of the proposed HSR as greater connectivity and stronger cross-corporate relationships would motivate more foreign companies and investors, especially those that are already established in Singapore, to do business in Malaysia. Expatriates and foreign workers would need accommodation, which is good news for the rental market.
Cross-corporate relationships would also create more corporate content, higher-quality companies and better-paid staff in the city, said Kumar, adding that hotels, serviced apartments and offices would benefit as well.
The panellists see new developments mushrooming along the HSR as well as in Kuala Lumpur city.
Knight Frank's Sarkunan opines that the project would alleviate congestion and cut costs associated with urban growth in the cities and trigger the rise of nearby second and third-tier cities. The spread of population and growth would reduce the disparity of income between the cities and secondary towns. This, in turn, would make way for more efficient allocation of business activity across space and help firms control costs.
"We can also expect to see more transit-orientated developments and mixed built communities, such as affordable homes around the stations, thus providing better housing and transport choices," he said.
Developers with existing landbank in Johor and prime locations in the Klang Valley are likely to reap the benefits of the HSR.
This story first appeared in The Edge weekly edition of May 20-26, 2013.
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Johor Baru may see Johor Grand Prix street race revival
JOHOR BARU: By next year, the state capital here may see a revival of the famous Johor Grand Prix street race marking the start of interesting motorsports events for the country.
The street race will be part of the popular Malaysian Cub Prix Championship and will be modeled after the famed Esplanade street race in Penang.
The New Sunday Times learnt that several potential locations in the city have been proposed for the street race. Among them are the Danga Bay stretch of Jalan Skudai, the Stulang Laut area and also Larkin.
Another possibility is the city centre fronting Lido Beach where near the Istana Besar and Courts are located which was also the original location for the Johor Grand Prix which last saw action in the 1960s.
The original Johor Grand Prix was the brainchild of the then Tunku Mahkota of Johor Almarhum Sultan Sir Ismail Sultan Sir Ibrahim in 1940 as an effort to contribute to the war fund. In the 1950s and 1960s, the event sparked the interest of many budding car racers and motorcycle racers from the region.
*It is learnt that race promoter Safe Aim Mutual Sdn Bhd (SAM), who are instrumental in the revival of Penang's popular street race several years ago, are in discussions with the state government and the city council concerned on the feasibility of the street race.
*SAM promotions director Ron Hogg said that the planned street race in Johor Baru will definitely revive the interest and promote competitive motorcycle racing in the state.
*"It is no doubt a great time for Johor race fans as a street race promises lots of excitement and has a different feel to it," he said yesterday.
*However, Hogg was quick to point out that his company was in the midst of discussions and are still looking for a reasonable location in Johor Baru.
* "As organisers of the Malaysian Cub Prix Championship and also the Asia Road Racing Championships our priority will always be the road suitability as a race track, safety and also ample space for spectators," he said.
* The proposed Johor Baru street race would ideally need a road surface of between 1km to 1.4km and enough spectator area for up to 50,000 to 70,000 people a day.
* The organisers are looking at a cost of more than RM1 million for the event, which is basically the figure based on the Penang street race.
* Besides the state capital, it is learnt that SAM has also been offered to host a street race in Kluang town as a possible alternative.
* Hogg, who has close to 20 years in organising motorsports races, said that Johor Baru's scenic view of the Johor Straits, as well as the historical buildings makes it a unique setting for a street circuit.
* He hoped that if the street race materialises, it will be a permanent part of the Malaysian Cub Prix Championship and will offer an exciting venue for Malaysian motorcycle race fans.
* "As organisers and race promoters, we want a win-win situation for Johor as it not only promotes motorsports but also benefits tourism in the state," said Hogg.
(From NST today.)
JOHOR BARU: By next year, the state capital here may see a revival of the famous Johor Grand Prix street race marking the start of interesting motorsports events for the country.
The street race will be part of the popular Malaysian Cub Prix Championship and will be modeled after the famed Esplanade street race in Penang.
The New Sunday Times learnt that several potential locations in the city have been proposed for the street race. Among them are the Danga Bay stretch of Jalan Skudai, the Stulang Laut area and also Larkin.
Another possibility is the city centre fronting Lido Beach where near the Istana Besar and Courts are located which was also the original location for the Johor Grand Prix which last saw action in the 1960s.
The original Johor Grand Prix was the brainchild of the then Tunku Mahkota of Johor Almarhum Sultan Sir Ismail Sultan Sir Ibrahim in 1940 as an effort to contribute to the war fund. In the 1950s and 1960s, the event sparked the interest of many budding car racers and motorcycle racers from the region.
*It is learnt that race promoter Safe Aim Mutual Sdn Bhd (SAM), who are instrumental in the revival of Penang's popular street race several years ago, are in discussions with the state government and the city council concerned on the feasibility of the street race.
*SAM promotions director Ron Hogg said that the planned street race in Johor Baru will definitely revive the interest and promote competitive motorcycle racing in the state.
*"It is no doubt a great time for Johor race fans as a street race promises lots of excitement and has a different feel to it," he said yesterday.
*However, Hogg was quick to point out that his company was in the midst of discussions and are still looking for a reasonable location in Johor Baru.
* "As organisers of the Malaysian Cub Prix Championship and also the Asia Road Racing Championships our priority will always be the road suitability as a race track, safety and also ample space for spectators," he said.
* The proposed Johor Baru street race would ideally need a road surface of between 1km to 1.4km and enough spectator area for up to 50,000 to 70,000 people a day.
* The organisers are looking at a cost of more than RM1 million for the event, which is basically the figure based on the Penang street race.
* Besides the state capital, it is learnt that SAM has also been offered to host a street race in Kluang town as a possible alternative.
* Hogg, who has close to 20 years in organising motorsports races, said that Johor Baru's scenic view of the Johor Straits, as well as the historical buildings makes it a unique setting for a street circuit.
* He hoped that if the street race materialises, it will be a permanent part of the Malaysian Cub Prix Championship and will offer an exciting venue for Malaysian motorcycle race fans.
* "As organisers and race promoters, we want a win-win situation for Johor as it not only promotes motorsports but also benefits tourism in the state," said Hogg.
(From NST today.)
in any case, if medini takes off, it will benefit all residential area within nusajaya including bukit indah too. bukit indah is within nusajaya anyway. Of course medini has better advantage as it s the city for nusajaya with better location..
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The Afiniti in Medini, all 147 units sold. Medini is really hot now.
http://m.youtube.com/watch?v=VJJNUXS3Zu4
http://m.youtube.com/watch?v=VJJNUXS3Zu4
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LEase hold property has nvr been tis hot EVER!!!!!!
Hopefully Ben B continues to print more money if not ,2 words ...."1994 massacre"
Hopefully Ben B continues to print more money if not ,2 words ...."1994 massacre"
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bro wuqi,forget me not hor :-)
To be precise.. 128 yr lease. 129 yr lease base on June 2012.
Afiniti is considered the iconic project in the whole of medini north unlike the rest. It's backers is both khazanah and temasek. It has cimb as the anchor tenant at the training centre. Bankers from the Asia pacific region will use this facilities all yr round. Hence, provide constant tenants to both sommerset serv apartments and Afiniti residences.
D'pristine , 99 yr lease will launch in mid July. Just opposite Afiniti. Tentative price just below 700psf. It may go up but it will not be more expensive than Afiniti. I know this developer. They r not price setter. they r price follower.
U mean you can find S$700 psf in SG? Or are you referring to elsewhere? I am pretty up to date with SG condos, and it is quite a herculean task to find S$700psf condo near MRT in SG....
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