New developments to share

[yahoo1234]

Agreed but need to be selective. KLCC is not all rosy.

There is a glut in KLCC condo for the past few years. Developers are rushing to launch during the booming years, 2004-2007. Now you can hardly see any new condo coming into the market which is a good news for the market to absorb the existing supply. So I think the rule of thumb is to first look at the:
1) Occupancy rate - this will give you an idea of the popularity and maintenance of the property
2) Price per sf - More room for capital appreciation
3) Location - KLCC, within walking distance will be the best. Most expats prefer not to drive in KL

To name a few condo which is a stone throw away from KLCC are One KL, Marc, Idaman Residence, Avenue K

 

[Valdez]

Take caution on Singapore -Malaysia rail link project: Moody

Feb 27, 2013 - PropertyGuru.com.my
By Farah Wahida:

Credit ratings agency Moody’s is adopting a cautious view on the proposed High Speed Rail link between Malaysia and Singapore until additional project details are revealed, reported Bernama.

“It is definitely creating a lot of buzz, but I think we prefer to be cautious about this,” said Christian de Guzman, Vice President-Senior Analyst, at Moody’s Investors Service Singapore Pte Ltd.

This follows the announcement of Singapore and Malaysia Prime Ministers at the recently held Leaders’ Retreat that both countries will undertake the High Speed Rail link.

“For one thing, when you look at the high speed rail, we still do not know a lot of details,” like where in the city-state the rail link will be located. Notably, this could influence the project’s success, noted de Guzman.

Moreover, the upcoming general election in Malaysia creates uncertainty, he added.

“From our perspective, it doesn’t matter who wins, but policy certainty is important. Even if there was a change in government, if investors are assured that the policies are continued there should not be a problem.”

“Nevertheless, we are confident that a lot of things won’t change much,” he said.

On the project’s impact, Malaysia and Singapore’s tourism and general linkages will definitely be boosted. However, it also depends on the ticket cost.

“If the ticket costs as much as a plane ticket to KL, there might not be much of an impact, but at the same time it could facilitate trade and the flow of people.”

 

[Valdez]

UK's University of Reading invests RM980m in Iskandar

JOHOR BARU: Iskandar Malaysia received another boost yesterday when one of the UK's top universities, University of Reading, pumped in RM980 million to build its campus in EduCity.

Its vice-chancellor David Bell said the university's first overseas campus will allow the university to bring its rich heritage in quality education to Malaysia and the Asia-Pacific region.

"This will help promote Malaysia as a key education hub in the region," he said, adding that the university is confident of the growth of Asian markets.

Speaking at a press conference after the groundbreaking ceremony of the university's campus here, Bell said the campus, to be known as the University of Reading Malaysia, will be opened in September 2015. It expects to enrol about 400 students in its first-year of operation.
The university is offering programmes at undergraduate and postgraduate level in three thematic subject areas as requested by the Ministry of Higher Education (MOHE), namely business and law, science and pharmacy as well as built environment.

Also present were Iskandar Investment Bhd president and chief executive officer Datuk Syed Mohamed Ibrahim, University of Reading's chancellor John Madejski, University of Reading Malaysia provost and chief executive Professor Tony Downes and MOHE's Private Higher Education Institutions Governance Division director Dr Mohamed Ali Abdul Rahman.

Meanwhile, Bell said the campus will be the latest in a growing band of UK universities in Malaysia, where the students from Malaysia will be able to continue their studies without having to go all the way to UK.

"We are consciously and pro-actively developing this campus to offer the best experience to students, from both the infrastructure side and education delivery."

 

[Valdez]

Singapore's happiness dilemma


SHARED INTERESTS: Iskandar represents the unity between two nations that share a commonwealth of humanity, writes Ng Tze Shiung

IS Aggregate Demand (or Gross Domestic Product) still, in the wake of the social fallout from the global debt crisis, a valid value for comparing standards of living between nations?

Recent allusions by some of our politicians to the progress made by the South Korean economy from an origin where, they allege, our economy was far superior, may have us convinced that monetary and material wealth is indeed a marker for the people's well-being.

Yet wealth is a subjective category. Malaysia lies in a different quadrant of the globe from South Korea. The dynamics of Southeast Asian society are vastly different from that of Northeast Asia. We have, however, in our neighbour, Singapore, a more cognate example by which to make a comparison. While Singapore's economy pales against the scale of South Korea's economy, it might be said to be more successful in its GDP per capita. The average Singaporean commands an income twice that of the average South Korean.

Certainly Singapore has prospered by leaps and bounds relative to the Malaysian economy. The average Singaporean commands an income four times than which is earned by the average Malaysian. As a model of public policy planning, Singapore constantly ranks among the most envied nations for being the cleanest, safest, most efficient and desirable to live and do business in.

Yet judging by the nuanced issues addressed in a recent Population White Paper by the Singaporean government, the response to the White Paper by the citizens of Singapore -- which by their standards might constitute an outcry -- and the Singapore government's delicate handling of their feelings, we may be persuaded that monetary and material wealth did not necessarily bring happiness to the average Singaporean after all.

The White Paper dealt with the problems of an unsustainable population. There are increasingly less births that can compensate for an ageing population. There will, therefore, be less working-age people to support the pensioned generation. More importantly there will be less income earners to sustain the economic growth that critically ensures that the national debt does not spiral out of control.

In recent years, the Singaporean government seems to have balanced this inadequacy by importing foreign labour, capital and knowledge. What was a solution to an economic problem has however unfolded into a political one. The Singaporeans have understandably developed a defensive complex against the foreigner.

The perception grows that the country that the people had built, and continue by their best efforts to keep safe, well and functioning, now benefits a class of foreigners who are either more affluent than the Singaporean, or by their skills are enjoying a status as privileged as Singaporean citizenship.

The headache for the Singapore government is that with this perception also grows a sense of injustice among the people of Singapore. What the leaders of Singapore experience today are the pains of nationhood. Their people, despite their apparent wealth, are unhappy because they perceive their special position as the rightful people of Singapore to have been trespassed by policies, which combine the free market with regulations to favour the foreigner.

To those who know their history, the irony is not lost.

Singaporean leaders may concede that roles have reversed since the days when then prime minister Lee Kuan Yew had called on the Malay states to open their traditional societies, forsake the special position of the Malay ruler and people, and embrace a liberal and pluralistic "Malaysian Malaysia" of free individuals.

The rupture in 1965 between Malaysia and Singapore had, I believe, originated with this struggle between the cosmopolitan and libertarian society of 1960s Singapore and what had already constituted a Malay "nation" in the Malay States.

Half a century later, Singapore's citizens look grudgingly towards the cosmopolitan and libertarian society of Singapore's City and Central districts and ask why the foreigner inhabiting those districts should claim the benefits of their nation's good government -- i.e. housing, employment, education, healthcare, public services, the port and market; -- when the foreigner could easily afford greater luxuries.

Or if the foreigner easily affords such luxuries, they ask why by comparison are they struggling to make ends meet?

Singaporeans are one step short from telling foreigners to go back to South Korea or wherever.

This reversal of circumstances is poignant. It saddens me to observe that Singaporeans, who were once part of Malaysia, are now after decades of hard work and conviction beset by a crisis of identity.

I believe nevertheless that an opportunity of reconciliation is presented by this moment. Unlike in the 1960s, Malaysia and Singapore today have something valuable in common.

They are both instructed by their own people, each of which recognises the strength of their national character to lie not in the fleeting riches of monetary and material wealth, but by the common weal that its body of people represents.


I suspect the governments of Malaysia and Singapore understand this opportunity.

Where the interests of Malaysia and Singapore overlap can be seen in the Iskandar growth corridor.


Iskandar represents the unity between two nations who discovered that they both share a commonwealth of humanity.

May Iskandar prosper as a combined national community, and may it be a beacon to the rest of Malaysia that the libertarian society of "Malaysian Malaysia" was never ever a superior or happier option than has been claimed to be.


Singaporeans sheltering under umbrellas during a demonstration against a government white paper on population on Feb 16. Reuters pic

 

[shctaw]

CDL own land in Iskandar. But will continue to land bank instead of developing those land.

SINGAPORE: With an expected slowdown in the property market at home, homegrown developer City Developments (CDL) is now looking to diversify more of its assets beyond Singapore.

While CDL's mid-priced condominiums like those at the Echelon in Alexandra should continue to see demand, the same cannot be said for its high end properties.

And to push sales in this segment, CDL said it is coming up with new strategies but it is keeping tight lipped on details about the sales strategies.

Given its strong financial position, CDL is able to hold back from launching new high-end projects till market sentiment improves.

The company also has an added advantage as the land that it acquired for high-end properties were bought at lower prices.

CDL's executive chairman Kwek Leng Beng, said: "Sentosa has no more land for development. Even if demand is so small, my cost is actually based on 2006. If you take into account 2006 and today's price, how good it is to be able to enjoy such a low price, I keep it."

The company recently reported that its revenue reached S$3.3 billion, the highest in its 50-year history.

It booked a 53 per cent on year rise in fourth quarter net profit to S$249.35 million while revenue was up 22.8 per cent in the same quarter to S$886.37 million.

However for the full year, net profit fell by 15.1 per cent to S$678 million due to one-off gains made in 2011.

Property development made up 49 per cent of pretax profits while hotel operations made up another 26 per cent.

Property development and hotel operations continued to be the lead contributors to CDL's earnings. Looking ahead, the group will also be gradually diversifying property investments and look beyond Singapore for more opportunities.

Wilson Liew, investment analyst at Maybank-Kim Eng, said: "Global headwinds will come from their hotel operations, especially in the second half. From the new numbers, some of the gateway cities have experienced a decline in terms of RevPAR (revenue per available room). So we expect that to be a big part of the hotel story for this year."

One area which CDL may expand into is in the Iskandar region in Johor Bahru.

Mr Kwek said that may take some time as Iskandar, three times the size of Singapore, is only 20 per cent developed.

Mr Kwek said: "Many of you have you have forgotten that CDL in the old days still has some land within the Iskandar Region which were held at a dirt cheap price you can never dream of buying today. We are looking into this. I want Iskandar to be more developed before I capitalize on this land.To commemorate its 50 year anniversary, CDL proposed a special ordinary dividend of five cents on top of the ordinary dividend of eight cents per share.

This brings total dividend for 2012 to 13 cents a share.

 

[shctaw]

More Flyovers for JB...


FOR many of us Malaysians, flyovers — those monstrous elevated roads at junctions supported by concrete pillars — are the most visible sign of a country’s development.
In Johor Baru, flyovers are considered something new as they have only cropped up in the past few years, due to the development of Iskandar Malaysia.

Despite their late arrival in the southern region, these flyovers are already poised to be part and parcel of Johor’s state capital as these modern infrastructures reduce traffic congestion to ensure smoother road flow.

They have received a big welcome from Johor Baru’s motorists who have had to fight for space on roads that are growing more cramped by the day due to the increased traffic volume. Such structures promise to be the answer to our traffic woes.

Unlike George Town, Kuala Lumpur or even Petaling Jaya, Johor Baru’s city traffic is still considered to be manageable.

One does not have to be stuck in traffic snarls for hours and hours here.

To be frank, the longest I have ever been stuck in traffic since I was posted here three years ago was 30 minutes, when I was caught in a bumper-to-bumper crawl.

And with the recently built flyovers, a more manageable traffic system looks to be in the city’s future.

As a town, Johor Baru was without flyovers. However, over time and with the declaration of Johor Baru as a city in the 1990s, progress became rapid and inter-city infrastructure was much needed.

Since 2006, the city has witnessed a flurry of construction, thanks to federal government funds made available for Iskandar Malaysia, which witnessed a number of flyovers being built for improving traffic flow in Johor Baru and its outskirts.

However, while the policymakers at Iskandar Regional Development Authority (Irda) consider flyovers to be the answer to traffic congestion, some Johor Baru residents would disagree.

Many of them, who had grown up in the city, argue that such structures will mar the city’s landscape as flyovers are not part of Johor Baru’s heritage.

“The flyovers along Jalan Skudai at Lido Beach have spoilt the scenery. It is not the JB that I know,” said a long-time Johor Baru resident in his 60s.

However, the former government servant agreed that his views had mainly to do with the cosmetics of the landscape.

“Ultimately, I know that such structures cannot be avoided as we progress towards the future,” he said with a sigh.

For me, I personally think that the city cannot escape from development, more so with the country and our neighbours in the region looking at Iskandar Malaysia to become as a world-class city and possible metropolis in time to come.

Yes, Johor Baru might not be the town that I knew 20 years ago, but we can’t have a roundabout at every junction as the solution to the city’s traffic woes.

Flyovers definitely save time for motorists and are, after all, commonplace in big cities such as Singapore and Bangkok these days.

Their benefits far outweigh their shortcomings, with one of the most important factors in their favour being that they do cut time and distance for the motorists. With its future so bright and promising, Johor Baru needs to have such infrastructures in place as it hurtles into it.

 

[shctaw]

Mah Sing Projects in Iskandar (iParc and Meridin)

MAH Sing's fourth-quarter 2012 net profit of RM55.4mil came in within ours and the market's expectations. Projects from the Klang Valley, Penang and Johor Bahru have all contributed to the company's earnings.

Full-year earnings grew 36.8% on the back of a 13% increase in the topline. Overall earnings before interest and taxes (EBIT) margin improved to 17.3% from 14.7%.

Net gearing fell to 25.5% from 30% in the last quarter.

Meanwhile, accounts payable surged substantially to RM1.3bil from RM736mil, largely attributed to the outstanding payment for the Bangi land (about RM300mil) as well as the Medini land on a staggered basis.

A 7.6 sen dividend (0.4 sen taxable dividends per share plus 7.2 sen single-tier dividend) was declared.

This was lower than last year's 11 sen, as financial year's 2012's (FY12) dividend takes into account the impact of the enlarged share base subsequent to the rights and bonus issue, and payment date will be in September this year.

Mah Sing achieved RM2.503bil property sales in FY12. This is a 10.6% growth from FY12's sales of RM2.26bil. A bulk of the sales came from Kinrara Residence, Clover @ Garden Residence, M City, Southbay City, and M Residence 1.

The RM3bil sales target is likely to be hit, on the back of RM3.7bil of launches this year.

The projects that will be rolled out include Southville City, M Residence 2, Ferringhi Residence, iParc@Tanjung Pelepas, The Meridin@Medini, and Sutera Avenue in Kota Kinabalu.

Projects in Iskandar (iParc and Meridin) will gain significant interest as the area is now capturing sales from Singaporeans, after various rounds of property tightening measures in Singapore.

The indicative pricing for Meridin Suites of RM580 per sq ft (starting price) is in line or just slightly below the current price going at WCT's 1Medini.

Ferringhi Residence (20 five-storey blocks with two units per floor) has seen a take-up of more than 80% since the release of the initial six blocks.

As for Southville, it has received over 8,000 registrants.

The Savanna suites will be put into the market in mid-2013, with prices from RM280,000 (or about RM290 per sq ft) for a three-bedroom 975 sq feet unit.

Our revised fair value of RM2.11, a 20% discount to revised net asset values, reflect only the impact of the rights issue (entitlement date was Feb 25 and closing date of acceptance of rights is March 12), as the entitlement date of the bonus issue will be after the completion of the rights issue, sometime in the second quarter.

We maintain our “neutral” rating on Mah Sing. Strategic landbanking at reasonable price could be the re-rating catalyst for the stock.

 

[alnine]

Mah Sing Projects in Iskandar (iParc and Meridin)

MAH Sing's fourth-quarter 2012 net profit of RM55.4mil came in within ours and the market's expectations. Projects from the Klang Valley, Penang and Johor Bahru have all contributed to the company's earnings.

Full-year earnings grew 36.8% on the back of a 13% increase in the topline. Overall earnings before interest and taxes (EBIT) margin improved to 17.3% from 14.7%.

Net gearing fell to 25.5% from 30% in the last quarter.

Meanwhile, accounts payable surged substantially to RM1.3bil from RM736mil, largely attributed to the outstanding payment for the Bangi land (about RM300mil) as well as the Medini land on a staggered basis.

A 7.6 sen dividend (0.4 sen taxable dividends per share plus 7.2 sen single-tier dividend) was declared.

This was lower than last year's 11 sen, as financial year's 2012's (FY12) dividend takes into account the impact of the enlarged share base subsequent to the rights and bonus issue, and payment date will be in September this year.

Mah Sing achieved RM2.503bil property sales in FY12. This is a 10.6% growth from FY12's sales of RM2.26bil. A bulk of the sales came from Kinrara Residence, Clover @ Garden Residence, M City, Southbay City, and M Residence 1.

The RM3bil sales target is likely to be hit, on the back of RM3.7bil of launches this year.

The projects that will be rolled out include Southville City, M Residence 2, Ferringhi Residence, iParc@Tanjung Pelepas, The Meridin@Medini, and Sutera Avenue in Kota Kinabalu.

Projects in Iskandar (iParc and Meridin) will gain significant interest as the area is now capturing sales from Singaporeans, after various rounds of property tightening measures in Singapore.

The indicative pricing for Meridin Suites of RM580 per sq ft (starting price) is in line or just slightly below the current price going at WCT's 1Medini.

Ferringhi Residence (20 five-storey blocks with two units per floor) has seen a take-up of more than 80% since the release of the initial six blocks.

As for Southville, it has received over 8,000 registrants.

The Savanna suites will be put into the market in mid-2013, with prices from RM280,000 (or about RM290 per sq ft) for a three-bedroom 975 sq feet unit.

Our revised fair value of RM2.11, a 20% discount to revised net asset values, reflect only the impact of the rights issue (entitlement date was Feb 25 and closing date of acceptance of rights is March 12), as the entitlement date of the bonus issue will be after the completion of the rights issue, sometime in the second quarter.

We maintain our “neutral” rating on Mah Sing. Strategic landbanking at reasonable price could be the re-rating catalyst for the stock.

Is Meridini freehold or 99 yr ? If 99 yrs start from when ?

 

[Valdez]

MB Builders aims to be No 1 developer in Johor


Your window to Malaysia
Saturday, 2 March 2013
Font-size: A | A | A
by Wong King Wai of theedgeproperty.com on Friday, 01 March 2013 09:00

PETALING JAYA: Johor-based property developer MB Builders Sdn Bhd aims to launch projects worth RM2.5 billion in the southern state this year.

Incorporated in 2009 and an associate company of Mahabuilders Bhd, a well-known “white knight” developer of abandoned projects in Johor, MB Builders has a landbank of just over 917 acres (371.9ha), primarily in Johor.

“MB Builders wants to be the No 1 residential property developer in Johor this year, with projects worth a gross development value of RM2.5 billion,” marketing director Datuk Jacky Ker told The Edge Financial Daily. He added that the company is aiming to build 4,500 residential units this year.



One of the company’s strengths is in creating wealth for its customers. “The average appreciation rate for MB Builders’ products have been between 30% and 40%,” Ker added.

MB Builders’ recent projects have been well-received including the Pandan Residence  serviced apartments, Nusa Heights shop offices, and Desaru Villas in Taman Desaru Utama, which comprised bungalows, single- and double-storey semi-detached homes.

Upcoming residential projects to be launched at end-April are Tri Tower Residences, M Condominium and Taman Desaru Utama’s Marinea terraced-houses.Tri Tower Residence comprises two 55-storey serviced apartment towers linked by a skybridge and a 52-storey hotel situated in Johor Baru Sentral with a GDV of RM450 million.

The project will feature 360 apartment units and 360 hotel rooms. The hotel will be called Capri by Fraser and managed by Fraser Hospitality.

The apartment built-ups are from 696 to 2,719 sq ft with selling prices from RM800 psf.

Also to be launched at end-April is the four-tower M Condominium. “This is a long awaited condominium project in Johor Baru as there aren’t many [similar developments] around,” said Ker.

Situated in Larkin, the RM450 million development will have 944 units with built-ups of 1,068 sq ft or 1,100 sq ft.

For its 905-acre Taman Desaru Utama township, it will be launching 2-storey terraced houses called Marinae.

There will be 239 Marinea homes with lot sizes of 22ft by 70ft and built-ups of 1,798 sq ft (Type A) or 2,000 sq ft (Type B). The selling price is from RM400,000.


Tri Tower Residence comprises two 55-storey serviced
apartment towers linked by a skybridge and a 52-
storey hotel situated in Johor Baru Sentral.
Ker said the Petronas Refinery and Petrochemical Integrated Development (Rapid) is only 20 minutes away from Taman Desaru Utama and the township will benefit from the estimated over 50,000 oil and gas workers moving into the area.

On its hospitality business, MB Builders currently runs the 263-room Amansari Hotel City Centre operating since June and the 144-room Amansari Express Hotel since October. The average room rate is RM110 per night.

In the pipeline are two more hotels, Amansari Hotel Nusajaya and Amansari Hotel Desaru, which will start operations this and next year respectively.

MB Builders is also planning the development of two malls called MB City Mall (formerly Pacific Mall) and Desaru Mall with a net lettable retail area of 370,080 sq ft and 150,695 sq ft respectively.

 

[Valdez]

Live it up at Marina View


SHOW HOUSE OPEN: Strategically located near the Causeway, residents of the condominium can look out to the sea

JOHOR BARU: LUXURY condominium Marina View in Kampung Senibong, near here, recently opened its show house for public viewing.

The two-towered project is set to be completed in the beginning of 2016, but the units are now open for sale.

Developer Capital Extension Land Sdn Bhd (CEL) has already sold 50 per cent of the units and is welcoming more people to view and buy the remainder.

There are 284 units in total, available in eight different sizes and layouts.

CEL chairman, Fred Ho, said the company's intention is to provide luxury and tranquillity to those living in Johor.

"When home owners look out of their windows, they will be able to view the sea and Singapore in the horizon. In the next 10 years, the view will be like looking at Hong Kong from Guilin," he said.

The condominium is also built upon a secure foundation.

"Being so near to the sea, we have to make sure that the foundation is strong. This is why we used the raft piling system. This will ensure the safety of the building, even through shifting of the sand underneath," said Ho.

Other amenities that the condominium boasts are its three pools, comprising the lap pool which is only open to adults, relax pool for the enjoyment of the whole family and a children's pool. A poolside lounge completes the relaxing evening for the residents.

A sky garden and gymnasium on the top floor of the building are also expected to attract more buyers who wish to maintain a healthy lifestyle amid landscaped open space. Other facilities include a tennis court, children's playground, multi-purpose hall and parking for all 284 units.

The units are spacious and come with extra fittings like kitchen cabinet, oven and refrigerator, built-in wardrobes in rooms and stainless steel toilet paper holder, pedestal water closet and mirrors in the bathroom.

The location of the condominium is also strategic as it is only 15 minutes from the Customs, Immigration and Quarantine complex, with easy access to the Pasir Gudang highway as well as to schools, shopping complexes and hospitals.

The units are sold at between RM800,000 and RM7 million, with the double-storey penthouse being the most expensive.

Those interested in viewing the show house can come to the office located at Lot 58766, Jalan Permas Timur, Kampung Senibong. The show house is open daily from 10am to 7pm. Alternately, appointments can be made by calling 07-388 9888.

 

[shctaw]

Very interesting project.

Did some research but cannot find the actual location....

Anyone can help point out the actual location?

Project name: Tri Tower Residences @ JB Sentral.
Developer website
http://www.mbbuilders.com.my

Upcoming residential projects to be launched at end-April are Tri Tower Residences, M Condominium and Taman Desaru Utama’s Marinea terraced-houses.Tri Tower Residence comprises two 55-storey serviced apartment towers linked by a skybridge and a 52-storey hotel situated in Johor Baru Sentral with a GDV of RM450 million.

The project will feature 360 apartment units and 360 hotel rooms. The hotel will be called Capri by Fraser and managed by Fraser Hospitality.

The apartment built-ups are from 696 to 2,719 sq ft with selling prices from RM800 psf.

 

[OracleMasia]

Very interesting project.

Did some research but cannot find the actual location....

Anyone can help point out the actual location?

Project name: Tri Tower Residences @ JB Sentral.
Developer website
http://www.mbbuilders.com.my

This should be the development next to Pacific Mall which they are re-developing M-Mall if I am not wrong. Feel free to comment if I am not correct.

 

[shctaw]

This should be the development next to Pacific Mall which they are re-developing M-Mall if I am not wrong. Feel free to comment if I am not correct.

I thought it is on top of CIQ?

But I am not sure where.

I know Pacific Mall, it is big and look scary

 

[Newbie11]

Plans for pacific mall
http://www.nst.com.my/streets/johor/enter-hope-for-the-abandoned-1.214765

 

[OracleMasia]

if Fraser is involved, I am also interested in the project if price is about 800psf. Need to check out more for it.

 

[ahlong]

It is cheap. Even RM200 is worth it as it is landed. (Cost of building on the land may be another RM1.5m.)

But the condo at RM1200 is crazy.

Problem is bank valuation is till at $110. This means you need to have deep pocket to buy. Also, I believed 9 out of 10 buyers totay are speculator with no plan to eventually built a house for own occupancy.

 

[sgtsk]

Very interesting project.

Did some research but cannot find the actual location....

Anyone can help point out the actual location?

Project name: Tri Tower Residences @ JB Sentral.
Developer website
http://www.mbbuilders.com.my

Hope this helps.

From the pic in the link, looking from woodland side, it is on the right side of causeway, next to JB Sentral.

http://www.theedgemalaysia.com/in-t...lders-aims-to-be-no-1-developer-in-johor.html

 

[Jetstream]

Live it up at Marina View

JOHOR BARU: LUXURY condominium Marina View in Kampung Senibong, near here, recently opened its show house for public viewing.

The two-towered project is set to be completed in the beginning of 2016, but the units are now open for sale.

Developer Capital Extension Land Sdn Bhd (CEL) has already sold 50 per cent of the units and is welcoming more people to view and buy the remainder.

Can't seem to find info on this deveoper or its website.

 

[Jetstream]

Hope this helps.

From the pic in the link, looking from woodland side, it is on the right side of causeway, next to JB Sentral.

http://www.theedgemalaysia.com/in-t...lders-aims-to-be-no-1-developer-in-johor.html

It's going to be striking - 3 x 50+ storey towers!

It'll have V@Summerplace and SkySuites for company.

 

[sgtsk]

Can't seem to find info on this deveoper or its website.

This website has got some infor.

http://thissit.com/Projects-The-Marina-View-Project-92.aspx