New developments to share

[nusaduta]

Cluster 32 x 70 said to be priced at 900k, semi d at 1.5k. Official pricing will be confirmed at launch in August. They are now collecting rm10k cheque for booking. Currently more cheques then available units so balloting will happen. Those who put the cheque in, they will call to confirm if we r keen to put in for ballot, if not, they will return the cheque. Once we confirm to put the name in for ballot and we can't choose a unit that we like, they will also return the check to us. Quite risk free, IMO.

However, if u have chosen a unit but before signing SPA, they will deduct RM500 admin fee is u back out.

Was told 600+ units for phase 1. 20% reserved for bumi. Remaining 80%, half foreigner, half local. Sales exec told me currently most of cheques are from Malaysian.

Hope that helps.

What is the price?

 

[omnifly]

There's a new condo launch in Medini called Paradiso Nuova (35-storey) by a China developer (Zhuoyuan) and it's going for RM850 psf & up, despite being 99-year. Iskandar Residences Medini (40-storey) in front of it, is only RM670 - RM750 psf for 129-year. Paradiso supposedly comes with slightly higher end finishes, wonder what will be the response.

 

[Valdez]

Looks like delays can be expected on all new and existing developments in Johore. Better factor in 1 extra year on what they tell you and expect deteriorating quality. Even a malaysian listed company can turn and twist their words. Better stick to Temasek, GIC and capitaland projects.

 

[Rocker]

Just sharing what I have received via email on Paradiso Nuova Medini - there are 2 block of 35 storey with a total of 382 units, come with imported marble flooring with solid timber, branded applicances and fittings such as Bosch, Teka, TOTO & Grohe, private lift lobby, 5 tier security and comprehesive facilities, indicative price RM$800/psf. The distance to Gleneagles Medini Hospital and Iskandar Financial District is "only 5 mins walk" but what attract me to read further was "High Speed Rail"? Wonder is this HSR confirmed? Anyone know?

 

[FHBH12]

HSR location is speculative at the moment. Many developers are claiming "next to future HSR" or "next to future RTS" now, so buy with care.

 

[Skooz]

HSR location is speculative at the moment. Many developers are claiming "next to future HSR" or "next to future RTS" now, so buy with care.

"Bull shitters"
Excuse me ,but when I when for a look beside Legoland Medini they also claim there is MRT as they call it n asked again to confirm they say there is MRT not RTS just a marketing ploy to unwary buyers n as far as I heard there is HSR also near Legoland Medini , so everything is just a tactic to bait ,Once bitten 2wise shy,good luck.
"

 

[FHBH12]

"Bull shitters"
Excuse me ,but when I when for a look beside Legoland Medini they also claim there is MRT as they call it n asked again to confirm they say there is MRT not RTS just a marketing ploy to unwary buyers n as far as I heard there is HSR also near Legoland Medini , so everything is just a tactic to bait ,Once bitten 2wise shy,good luck.
"

Very likely once the RTS is up around 2020, there could be light rails (MRT/LRT) connecting it to the major Tamans. I believe the developers are working hard with the government to locate such stations next to their development.

 

[gooddebt]

Went there today. Phase one launching clusters and semi d. Phase 2 onwards semi d and bungalow. There will.be clubhouse, gym. balloting is estimated to take place in jul/aug. showhouses under construction on site. Facing future lake at the.entrance. Its exact location is next to educity and 10mins to tuas..not allowed to take pics of the models.but the layout looks pretty neat.

next to educity ? I thot it is at zone A ?

 

[graveyard]

next to educity ? I thot it is at zone A ?

definitely not. its at Zone B. good neighbourhood - east ledang, horizon hill

 

[1nottiboy]

Everyone claims to know where the HSR station is located.

Earlier this year, I was told that it would be in Kempas. Now I am told it would be at Gelang Patah (hope I spelt it right). All the news came from "reliable" sources. If you ask me, I think its a bullshit ploy by developers and agents.

Anyway, just a reminder to fellow forummers that the Malaysian govt. isnt known to be rational thinkers or planners. if they can build KLIA in the middle of nowhere, there is the high chance that the HSR Johor Station would be located in the middle of nowhere too.

HSR location is speculative at the moment. Many developers are claiming "next to future HSR" or "next to future RTS" now, so buy with care.

 

[terencetan1981]

Cluster 32 x 70 said to be priced at 900k, semi d at 1.5k. Official pricing will be confirmed at launch in August. They are now collecting rm10k cheque for booking. Currently more cheques then available units so balloting will happen. Those who put the cheque in, they will call to confirm if we r keen to put in for ballot, if not, they will return the cheque. Once we confirm to put the name in for ballot and we can't choose a unit that we like, they will also return the check to us. Quite risk free, IMO.

However, if u have chosen a unit but before signing SPA, they will deduct RM500 admin fee is u back out.

Was told 600+ units for phase 1. 20% reserved for bumi. Remaining 80%, half foreigner, half local. Sales exec told me currently most of cheques are from Malaysian.

Hope that helps.

went to the sale gallery yesterday. The sale girl said it's strata title. Does that mean we cannot do even water wall feature at the side since it need to alter the boundary wall? does the sale say it's freehold or lease hold?

 

[graveyard]

Everyone claims to know where the HSR station is located.

Earlier this year, I was told that it would be in Kempas. Now I am told it would be at Gelang Patah (hope I spelt it right). All the news came from "reliable" sources. If you ask me, I think its a bullshit ploy by developers and agents.

Anyway, just a reminder to fellow forummers that the Malaysian govt. isnt known to be rational thinkers or planners. if they can build KLIA in the middle of nowhere, there is the high chance that the HSR Johor Station would be located in the middle of nowhere too.

Totally agree. That’s the frustrating part abt msia ppty market – lack of transparency and ppty data. Probably its deliberately kept this way to facilitate bribery and other “under table”transactions by developers and govt officials.

 

[graveyard]

went to the sale gallery yesterday. The sale girl said it's strata title. Does that mean we cannot do even water wall feature at the side since it need to alter the boundary wall? does the sale say it's freehold or lease hold?

its strata freehold

 

[1nottiboy]

Not surprised that KSL came out in the news. I went to see the mall and was disappointed with the end product.

KSL can build, no doubt. But little effort/heart goes into the project/s. IMO, they dont even measure up to the lowest tier of developer in SG i.e. HDB.

Which then brings me to another topic - price and value. Someone brought to my attention that a few condos in JB are launching at good prices. So I went to check them out. What I realised that the developers are essentially giving you BARE UNITS. nothing more than entry level sanitary fittings, flooring, pipes, etc. What that means is that you will have to build your own cabinets, cupboards, kitchen (all you have is a sink), appliances, which in essence will add onto your psf cost should you be buying for self-stay (i know some are just ppl are just buying for speculation). Bare units are good if you have a design flair and want to customise everything to your preferred lifestyle. Downside is that, it is terribly time consuming to oversee renovation. Personally, I would rather buy something similar to what SG developers can provide. All I need to do is to buy lightings, some electrical applicances, curtains, furniture and move in with my luggage.

The reason I am writing this down is because I suspect that the profile of some Singaporeans buying properties in JB are similar to mine - noobish. say for example you buy a bare unit at BI for RM600 psf and it costs you another RM250 psf (an estimate that I used for my house in sg) for renovation. Total costs comes to RM850 psf before taking into account your time and supervising efforts (and possibly anguish). of cos, the value of your time, desired level of comfort, etc, are subjective. My point is, your purchase price may be low, but when you take into account the other costs, you might be better off buying something more expensive (with more fittings) to begin with. A bare unit RM600 psf unit may be just as expensive as a semi-fitted RM1,000 psf unit at the end of the day.

For the average Singaporean buyer, the property mkt in Malaysia is a jungle. So please tread carefully.

Looks like delays can be expected on all new and existing developments in Johore. Better factor in 1 extra year on what they tell you and expect deteriorating quality. Even a malaysian listed company can turn and twist their words. Better stick to Temasek, GIC and capitaland projects.

View attachment 10792

 

[gooddebt]

definitely not. its at Zone B. good neighbourhood - east ledang, horizon hill

sorry maybe I got the wrong developmt...which developmt u talking abt ?

 

[graveyard]

sorry maybe I got the wrong developmt...which developmt u talking abt ?

haa ..eco botanics

 

[Rocker]

Thanks for sharing! Yeap in fact, it really caught me in surprise when first saw a condo in JB, only floor tiles and toilet essential are provided. Aircons only provided in master room and + 1 room. The other bedrooms you are own your own. I also went to see Besteri Height phase 1, when the developer still have some units left over... saw some leaking and wall crack. The developer say they will sell it "as it is" - no warranty given because the developer has open the unit for the potential owner for inspection so you actually know the unit conditions before process e SPA. Sign**

Not surprised that KSL came out in the news. I went to see the mall and was disappointed with the end product.

KSL can build, no doubt. But little effort/heart goes into the project/s. IMO, they dont even measure up to the lowest tier of developer in SG i.e. HDB.

Which then brings me to another topic - price and value. Someone brought to my attention that a few condos in JB are launching at good prices. So I went to check them out. What I realised that the developers are essentially giving you BARE UNITS. nothing more than entry level sanitary fittings, flooring, pipes, etc. What that means is that you will have to build your own cabinets, cupboards, kitchen (all you have is a sink), appliances, which in essence will add onto your psf cost should you be buying for self-stay (i know some are just ppl are just buying for speculation). Bare units are good if you have a design flair and want to customise everything to your preferred lifestyle. Downside is that, it is terribly time consuming to oversee renovation. Personally, I would rather buy something similar to what SG developers can provide. All I need to do is to buy lightings, some electrical applicances, curtains, furniture and move in with my luggage.

The reason I am writing this down is because I suspect that the profile of some Singaporeans buying properties in JB are similar to mine - noobish. say for example you buy a bare unit at BI for RM600 psf and it costs you another RM250 psf (an estimate that I used for my house in sg) for renovation. Total costs comes to RM850 psf before taking into account your time and supervising efforts (and possibly anguish). of cos, the value of your time, desired level of comfort, etc, are subjective. My point is, your purchase price may be low, but when you take into account the other costs, you might be better off buying something more expensive (with more fittings) to begin with. A bare unit RM600 psf unit may be just as expensive as a semi-fitted RM1,000 psf unit at the end of the day.

For the average Singaporean buyer, the property mkt in Malaysia is a jungle. So please tread carefully.

 

[Chocolate]

Not surprised that KSL came out in the news. I went to see the mall and was disappointed with the end product.

KSL can build, no doubt. But little effort/heart goes into the project/s. IMO, they dont even measure up to the lowest tier of developer in SG i.e. HDB.

I would also say that the choice of developer is very important. KSL is an average developer and standards for such are pretty bad compared to SG, as mentioned , not even HDB level. Pick oen that si worse and you may not even geta completed unit. Developer running away is not uncommon in MY. They just declare bankruptcuy and re-open anotehr company.With KSL you dont get what they promised or when they promised but you still get something. The better developers like SP Setia and other top 10 developers are more professional. I have been to see my friend's landed in BI and can see why peopel pay a premium fro those or HH. Its not so much that their quality is so great but they handle things more professionally, perimeter fences, security are of a higher level. Even construction defects of the ones I saw which is only 3 units ( 2 in BI and 1 in HH) were not that bad and they do fix at least the major defects. So do your homewk on the developer. KSL sold the 1st phase of Bestari H quite cheaply , so I think buyers got a good deal as relatively it was much cheaper to others in vicinity. But D'Esplanade isnt cheap so I think those buyers have been done in. For future phases of BH, will deopend on how they price it. Just make sure you get what you pay for.

 

[Chocolate]

There's a new condo launch in Medini called Paradiso Nuova (35-storey) by a China developer (Zhuoyuan) and it's going for RM850 psf & up, despite being 99-year. Iskandar Residences Medini (40-storey) in front of it, is only RM670 - RM750 psf for 129-year. Paradiso supposedly comes with slightly higher end finishes, wonder what will be the response.

I have seen the specs. Although architect is Ong & Ong, design doesnt appeal to me. I think IR and the earleir launches look more lcassy. But that's just my opinion.Also I think there will be a lot of PRC buyers like Country Gdn. So if you buy get set for lots of PRC neighbours....

 

[Rocker]

Regarding the HSR, thanks for pointing out!