New developments to share

[IskandarRocks]

I have heard this being said a few times... the low interest rate in Malaysia.
I do not understand this...
The best housing fixed interest rate in Singapore is about 1.25% now compared to 4.1% in Malaysia.
That is more than 3 times more!
So how is that considered low interest rate?

Can anyone enlighten me on this?

Depends on what you compare with:
India 11%
China 8%
Indonesia 10%
Thailand 6% - typically higher for foreigners

Also, historically speaking, the average BLR in Malaysia has been 8.1%, highest being 12.27% in 1998. So the current rate of 6.6% would be on the lower side.

Here is more on BLR history:

http://www.blr.my/

 

[Walker]

Depends on what you compare with:
India 11%
China 8%
Indonesia 10%
Thailand 6% - typically higher for foreigners

Also, historically speaking, the average BLR in Malaysia has been 8.1%, highest being 12.27% in 1998. So the current rate of 6.6% would be on the lower side.

Here is more on BLR history:

http://www.blr.my/

The biggest group of foreign investors in Iskandar should be Singaporeans so in comparison it should be with Singapore.
Singaporeans coming in may not see it as low interest.

But in light of Malaysia's 8.1% average, I can see why they say it is low.

Thanks IskandarRocks!

 

[Aisanbo]

The biggest group of foreign investors in Iskandar should be Singaporeans so in comparison it should be with Singapore.
Singaporeans coming in may not see it as low interest.

But in light of Malaysia's 8.1% average, I can see why they say it is low.

Thanks IskandarRocks!

In Malaysia, their FD rate is about 3.2% while in Singapore, it's 1.2%.

 

[IskandarRocks]

The biggest group of foreign investors in Iskandar should be Singaporeans so in comparison it should be with Singapore.
Singaporeans coming in may not see it as low interest.

But in light of Malaysia's 8.1% average, I can see why they say it is low.

Thanks IskandarRocks!

That is in interesting perspective Walker and I will not disagree with you.

However, two more perspectives:

1) Interest rates in Malaysia are definitely a few time higher than that in Singapore, however, property prices in Singapore are a few time higher. Infrastructure being not that bad in Malaysia. You cannot get everything.

2) Agreed that the biggest group of foreign investors in Iskandar are Singaporeans. However, these are open minded Singaporeans who are willing to venture overseas. They would benchmark Malaysia interest rates with those in other potential countries where they could invest. In that case, Malaysia would not be that bad.

Yes, to the 'homeward bound' Singaporean, Malaysia interest rates are definitely high. They would believe that the minute they cross the Straits they would definitely get robbed. They would also think that every project will be abandoned and every developer would go broke, without doing any research. I would not expect these guys to venture overseas anyway. I know a bunch of these guys. Btw, no offence to anyone, these 'homeward bound' folks exist everywhere, not just Singapore.

 

[Walker]

That is in interesting perspective Walker and I will not disagree with you.

However, two more perspectives:

1) Interest rates in Malaysia are definitely a few time higher than that in Singapore, however, property prices in Singapore are a few time higher. Infrastructure being not that bad in Malaysia. You cannot get everything.

2) Agreed that the biggest group of foreign investors in Iskandar are Singaporeans. However, these are open minded Singaporeans who are willing to venture overseas. They would benchmark Malaysia interest rates with those in other potential countries where they could invest. In that case, Malaysia would not be that bad.

Yes, to the 'homeward bound' Singaporean, Malaysia interest rates are definitely high. They would believe that the minute they cross the Straits they would definitely get robbed. They would also think that every project will be abandoned and every developer would go broke, without doing any research. I would not expect these guys to venture overseas anyway. I know a bunch of these guys. Btw, no offence to anyone, these 'homeward bound' folks exist everywhere, not just Singapore.

Haha IskandarRocks...
Yes I agree also with your other perspectives.

The "homeward bound" Singaporeans are also call kiasu and kiasi.
When things are just developing, aiya too Risky la! Sure lose one la...
When things are all completed, aiya too expensive already... if I early know, buy 2, 3 years ago....

.....I also say if I early know I buy!

 

[avelc]

Talking about being robbed... I got pick pocketed last weekend in KL -- luckily only lost phone and not wallet. Took it as a lesson learnt to be more aware of my surroundings.

Seeing is believing. When S'poreans see the developments with their own eyes, then their minds will slowly change.

Actually after my KL-trip, I realized Malaysians are a lot more streetsmart than S'poreans, as their environment demands them to be more outspoken and brave. Maybe it's the Malaysians I've met, including one gung-ho commercial investor that I shall not name. But definitely, homeward folks exist everywhere (myself included).

That is in interesting perspective Walker and I will not disagree with you.

However, two more perspectives:

1) Interest rates in Malaysia are definitely a few time higher than that in Singapore, however, property prices in Singapore are a few time higher. Infrastructure being not that bad in Malaysia. You cannot get everything.

2) Agreed that the biggest group of foreign investors in Iskandar are Singaporeans. However, these are open minded Singaporeans who are willing to venture overseas. They would benchmark Malaysia interest rates with those in other potential countries where they could invest. In that case, Malaysia would not be that bad.

Yes, to the 'homeward bound' Singaporean, Malaysia interest rates are definitely high. They would believe that the minute they cross the Straits they would definitely get robbed. They would also think that every project will be abandoned and every developer would go broke, without doing any research. I would not expect these guys to venture overseas anyway. I know a bunch of these guys. Btw, no offence to anyone, these 'homeward bound' folks exist everywhere, not just Singapore.

 

[teanotcoffee09]

Heard that Setia is doing a prelaunch for their condo, Sky Breeze for early birds that have registered interest with them previously.

 

[Mspimples]

Thank u..it's useful to have such info

Depends on what you compare with:
India 11%
China 8%
Indonesia 10%
Thailand 6% - typically higher for foreigners

Also, historically speaking, the average BLR in Malaysia has been 8.1%, highest being 12.27% in 1998. So the current rate of 6.6% would be on the lower side.

Here is more on BLR history:

http://www.blr.my/

 

[Newbie11]

indeed the rumours abt sky88 tower a is true..


http://www.setiasky88.com.my/images/project-details.jpg

 

[Walker]

indeed the rumours abt sky88 tower a is true..


http://www.setiasky88.com.my/images/project-details.jpg

rm1690 -rm1722 psf??? :*:

 

[RedsYNWA]

Thank u..it's useful to have such info

Actually if you were to look more closely at the link IskandarRocks provided, the BLR has not gone beyond 6.75 for 12 years now (current is 6.6%). Not sure if the banks spreads were less favourable then though.... Hence the 8.1% average is not a fair reflection....

 

[Newbie11]

spread used to be additions while now is substractions

 

[austin_hts]

That is advert and before discount. I believe last few international units sold at about RM1200-1300 psf (high floor studio) after discount.

rm1690 -rm1722 psf??? :*:

 

[austin_hts]

New launch. Looks impressive...


http://forums.condosingapore.com/showthread.php?p=359437

*** AN EXCLUSIVE DEVELOPMENT SET TO BRING A NEW DEFINITION TO SKY-LIVING LAUNCHING VERY SOON @ ISKANDAR JB ***Development : Blue Infiniti @ Iskandar (Sky Bungalows, Sky Suites & Sky Villas)Providing a new habitat and lifestyle of luxury living in Iskandar.A new iconic first luxurious and unique residential development in Iskandar.Nestled within Johor’s booming Iskandar metropolis, Blue Infiniti is cradled by a seamless convergence of entertainment, bustling business & pristine greenery. Just a mere nine minutes cruise from CIQ via the new coastal highway, you’ll enjoy the best of both worlds. Enjoy the clear views of Singapore & the Straits of Johor.With its Sky Bungalows & Sky Villas built up in the air including an upcoming new township promising comprehensive amenities, Blue Infiniti is the first property of its kind in Malaysia.

.Unique Selling Points:-
- Freehold- Sea view facing Singapore (South)- 41, 36 & 45 Storey towers highest condo building.
- 338 unitsUnit Types :*-Sky Suites, Sky Duplexes, Sky Bungalows and Sky Villas.-
-Paranomic Sea View- Private Car lifts for Tower 2 and 3
- Private Lift Lobby- Top Quality European Fittings*- Spacious- New Coastal Highway- 7-9 mins drive from CIQ
- Amenities & Shopping Malls at Permas Jaya- Upcoming Hotel right beside Blue InfinitiUnit

Mix :Type A: 4 Bedroom - Sky Bungalow with Pool - 2771sfType B: 4 Bedroom - Sky Suite - 1741sfType C: 3 Bedroom - Sky Suite - 1334sfType D: 4 Bedroom - Sky Bungalow - 2786sfType E: 3 Br + Family - Sky Duplex Suite with Pool - 3531sfType F: 3 Br + Family - Sky Duplex Suite - 3374sfType G: 4 Br + Family - Sky Villa with Pool 4472sf

 

[shctaw]

Very nice, got car lift. Can drive your car into your condo.

Also very nice personal pool for some unit....

New launch. Looks impressive...


http://forums.condosingapore.com/showthread.php?p=359437

*** AN EXCLUSIVE DEVELOPMENT SET TO BRING A NEW DEFINITION TO SKY-LIVING LAUNCHING VERY SOON @ ISKANDAR JB ***Development : Blue Infiniti @ Iskandar (Sky Bungalows, Sky Suites & Sky Villas)Providing a new habitat and lifestyle of luxury living in Iskandar.A new iconic first luxurious and unique residential development in Iskandar.Nestled within Johor’s booming Iskandar metropolis, Blue Infiniti is cradled by a seamless convergence of entertainment, bustling business & pristine greenery. Just a mere nine minutes cruise from CIQ via the new coastal highway, you’ll enjoy the best of both worlds. Enjoy the clear views of Singapore & the Straits of Johor.With its Sky Bungalows & Sky Villas built up in the air including an upcoming new township promising comprehensive amenities, Blue Infiniti is the first property of its kind in Malaysia.

.Unique Selling Points:-
- Freehold- Sea view facing Singapore (South)- 41, 36 & 45 Storey towers highest condo building.
- 338 unitsUnit Types :*-Sky Suites, Sky Duplexes, Sky Bungalows and Sky Villas.-
-Paranomic Sea View- Private Car lifts for Tower 2 and 3
- Private Lift Lobby- Top Quality European Fittings*- Spacious- New Coastal Highway- 7-9 mins drive from CIQ
- Amenities & Shopping Malls at Permas Jaya- Upcoming Hotel right beside Blue InfinitiUnit

Mix :Type A: 4 Bedroom - Sky Bungalow with Pool - 2771sfType B: 4 Bedroom - Sky Suite - 1741sfType C: 3 Bedroom - Sky Suite - 1334sfType D: 4 Bedroom - Sky Bungalow - 2786sfType E: 3 Br + Family - Sky Duplex Suite with Pool - 3531sfType F: 3 Br + Family - Sky Duplex Suite - 3374sfType G: 4 Br + Family - Sky Villa with Pool 4472sf

 

[OracleMasia]

Even at Permas Jaya areas also can sell at 686 psf onwards.!!!..those who want to buy better think twice...

 

[jailbird005]

Even at Permas Jaya areas also can sell at 686 psf onwards.!!!..those who want to buy better think twice...

nt surprising, kempas utama d'summit aso selling above 600psf.

http://thissit.com/Properties-The-D-Summit-Residences-Tower-Orion-Property-313.aspx

 

[Jetstream]

Even at Permas Jaya areas also can sell at 686 psf onwards.!!!..those who want to buy better think twice...

Seaviews /water-facing views /nature views always command a premium as environs get more and more built up with time.

 

[tigerbear]

Gavin Tee seminar...Malaysia - golden 10yrs!

http://www.nst.com.my/red/golden-decade-for-property-investors-1.207136

 

[wolverine23]

seems nice and cheap!

Very nice, got car lift. Can drive your car into your condo.

Also very nice personal pool for some unit....

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