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New developments to share

One thing I noticed is that current new property is priced at a new height. Those older properties remain at a older price. So makes me wonder if I acquire one now, will I able to sell at higher price ? it seems the new and old properties prices in JB do not sync. Unlike Singapore which old properties value will be affected by new properties. In JB, this seems not the case? Anybody can comment?
 
I guess u can buy easily but to sell its difficult unless the property u bought has demand for it .
 
One thing I noticed is that current new property is priced at a new height. Those older properties remain at a older price. So makes me wonder if I acquire one now, will I able to sell at higher price ? it seems the new and old properties prices in JB do not sync. Unlike Singapore which old properties value will be affected by new properties. In JB, this seems not the case? Anybody can comment?

The older properties are increasingly expensive also, just that the lag is longer due to abundance of new launches in recent 1-2 years. Some bros here have pointed out that many new launches in good locations are fast selling out. New comers who want the well-located properties will first turn to sub-sales which is happening now, then to re-sales in 2-3 years' time when the sub-sales dry up.
 
Re: Sky Suite / Skysuite VS V Summerplace VS paragon at CIQ

PSF around RM950 after discount.

You may also want to consider Aloha Tower and Straits View. Although not new; but have good rental income.

What is the rental income like?
 
Re: Sky Suite / Skysuite VS V Summerplace VS paragon at CIQ

paragon is will know of hotel, should be very good and is inside vantage bay ... if not mistake ...

The RTS station is reportedly near here 1°27'35"N 103°46'13"E. http://wikimapia.org/1256943/Old-Lorry-Customs-Immigration.... This location is nearer to sky suites and v summerplace than paragon suites... Btw, I bought paragon suites... Wonder if it is a good buy now that it is about 2km away from the RTS station...
 
FOCUS: Upward momentum after general election


MORE ACTIVE: Although a period of adjustment is expected immediately after the general election, the local property market is expected to continue its upward trajectory in the next five years.

Adjustment: For the first two months after the general election (GE), there will be about two months of adjustment period followed by six months of a lot of movement in the market due to pent-up demand, says property consultant Gavin Tee. “Immediately post-election, the property market will be relatively quiet as the elected government takes time to settle in and the inevitable staff changes take place in the cabinet and ministries. For example, even though Barisan Nasional (BN) remains in federal government, we would likely see a change of key personnel and policymakers in the cabinet. There would also be internal changes during respective party elections that would affect the selection of these policymakers,” says Tee during an exclusive interview with NST RED recently.



Will the property market change after the GE? “The bigger question is if there are any policy shake-ups at state level regardless of which party wins. I am a little bit more concerned this time around compared to the last two elections, especially with regards to foreign investors who have expressed some uncertainty. On the other hand, there is more political maturity among the electorate, which is a good thing. Regardless of the election results, the property market will still move forward in an upward trajectory and should remain strong within the next five years,” says Tee, who is also the Founder and President of SwhengTee International Real Estate Investors Club.



Concerned: Based on Tee’s various trips overseas, foreign investors especially Singaporeans and Chinese have confided that they are quite concerned about the future of major projects should there be any changes in government, whether it’s at federal or state level. “My answer to them is quite simple - major property developments like Iskandar, Johor Bharu and others in Greater KL are federal-backed projects with major foreign investors. Whichever way the outcome goes, the government of the day will have to follow through with these projects. In fact, both BN and PR (Pakatan Rakyat) have stated that they welcome Foreign Direct Investments (FDI), so it shouldn’t be much of an issue. Therefore, I don’t think any major developments will be greatly impacted by the upcoming election results,” observes Tee.

The property consultant feels that changes in leadership and policymakers within the government are important and part and parcel of the nation’s growth and evolution. The government needs to inject more youth and professionals into its leadership. “It is vital to appoint more people with the relevant expertise in each field. In other words, we have to select candidates based more on their skills and ability rather than just political influence or power.”



Five-Year Plan: A lot of people are adopting a wait-and-see attitude, but Tee is of the opinion that now is the best time to invest in property. “In fact, the best time to invest in property is before the election when investors are able to negotiate for the best prices. Nevertheless, most people will probably start to invest in property only after the elections. Of course, they will have to do the necessary research before deciding to invest.”



Tee advises property investors, whether they are corporations or individuals, to plan ahead and prepare for the next five years. He observes that with more property developments being led by the government and policies becoming more transparent, it is quite easy to identify the relevant government policies that will potentially impact investments. This definitely helps in drawing up a five- year plan. “The best time for property investors will be within the next five years. There will be a lot of pent-up demand to propel the property market to the next level. Many foreign and private investors of major projects have been in standby mode. The property market will see a lot of action in the next six months regardless of who is in power. Malaysia is now much more open and globalised in terms of policies and developments.”

Policymakers: Globally, the property market is becoming increasingly linked to the economic system. Around the world, governmental participation has become more and more essential to the growth of a country’s economy. For example, there has been a wave of governments setting up Special Economic Zones (SEZ) to compete with other countries to attract foreign funds.



This election will be important to ongoing developments such as Iskandar (Johor Bharu), Greater KL, the East Coast and Penang. “I think the big question for this general election is not whether it will have a positive or negative impact on the property market, but what will be the direction of the next government regardless of whether it’s BN or PR. For example, in which direction will policies change in areas such as tourism and affordable housing? Policymakers can make the difference to the direction of the property market. That’s how the general election may impact the economy – through changes in policymakers,” opines Tee.



Tee is optimistic that world-class property developments in Malaysia such as Iskandar will continue to prosper but he thinks that this election will probably have more impact on developments in Greater KL than in other areas. “Heavy investments in Greater KL have been in standby mode and major announcements will probably happen only after the GE such as major infrastructure projects, Menara Warisan Merdeka and Tun Razak Exchange (TRX). The best investment picks are government-led projects and developments such as the Mass Rapid Transit (MRT) and Menara Warisan Merdeka.”



Hotspots: Tee says that most property hotspots have been influenced by government developments such as Iskandar and the MRT. “Most developing countries need improvements in critical infrastructure such as highways, railways and other modes of transportation. In most of these cases, the government will get involved one way or another due to the heavy investment required. The private sector alone won’t be able to undertake these mega projects themselves. You can see for yourselves how newly developing countries such as Myanmar, Laos and Cambodia are changing so fast that as a result, their property markets are moving up very fast as well.”



Tee reveals that property prices in Malaysia are still among the lowest in the region and will start booming in the coming years. “Although we have not been promoting our property market as much as we should to attract foreign investors, I think that things are improving. In fact, within three years’ time, I believe KL will become one of the hottest property markets in the region.”
 
UCHING: Iskandar Malaysia’s property sector will soon be comparable with that of Klang Valley on the back of the mega government to government (G2G) tie-ups and support by the Singaporean government.

Kenanga Investment Bank Bhd (Kenanga Research) in its research report noted that Iskandar was set to be the next property engine. It highlighted that Johor-based developers had been hosting numerous foreign and local investors.

“We are heartened by the increased traffic on the Second Link highway. This is a big departure from a year ago, when there were very few cars on the road,” it observed.

The support shown by the two governments was also set to boost Johor developments. Among the projects that Temasek Holdings Ltd and Khazanah Nasional Bhd to develop Marina South and Ophir-Rochor in Singapore, Urban Wellness at Medini North and the 85.5 hectare Resort Wellness project joint venture development with E&O Bhd.

“Both governments have agreed to a Johor-Singapore My Rapid Transit and the KL-Singapore High-Speed Rail which is viewed positively by the rest of the world.”

Kenanga Research believed that Johor’s property sector would soon be comparable to Klang Valley. It highlighted that new launches of cluster homes in gated and guarded communities were being priced at RM700,000 to RM850,000 per unit in prime areas with semi-detached and bungalows easily clearing the RM1 million level.

These prices were almost a 40 per cent to 70 per cent increase from 12 to 18 months ago.

“Current pricing is narrowing towards average Klang Valley pricing while in the past, Johor used to command steeper discounts of 25 to 35 per cent over the last six years,” said Kenanga Research.

The research house predicted that prices would eventually exceed Klang Valley as foreign buyers and Johorians earning in Singaporean dollars have greater spending power in the backdrop of the state’s relatively cheaper real estate market.

“We believe that there will be a two-tiered market in Johor: the investors/foreign market and the local market. As of now, the non-Nusajaya market (areas closer to the Johor Bahru city centre) is mostly driven by locals working in Johor while the Nusajaya areas are mostly occupied by foreign buyers who enjoy ‘international lot’ status with no foreign buyers restrictions,” Kenanga Research explained.

As such, the non-Nusajaya areas are largely driven by sustainable organic population, typically owner-occupiers rather than investors.

On the other hand, Kenanga Research believed that Nusajaya would see greater price speculation given the number of foreign buyers who typically see properties as investments.

“This will result in a greater push of capital values as seen with recent launches while we understand high-end launches in the near future could be averaging between RM900 to RM1,200 per square foot.”

The research house expected this trajectory to continue over the next few years since residential yields in those areas had still been commanding six to 13 per cent for properties bought three to five years ago.

Read more: http://www.theborneopost.com/2013/0...to-be-on-par-with-klang-valley/#ixzz2NNtqJTNh
 
Hi, what you guys think about UEM's ophira townhouse? Launching this friday and I went to the sales gallery yesterday in Nusajaya, All the ground floor units and mostly type B layouts are already resevered by UEM's VVIPs. For approximate 2200sqft, the selling price is only around $1.2M, almost the same for a 1200sqft unit in Teega Bay. I think it is a value buy, guarded and gated, with it's own facilities. Of course, residents still entired to use The Ledang's facilities if they want to.
 
I went to see too. looks ordinary to me. no pull factor for me.

Hi, what you guys think about UEM's ophira townhouse? Launching this friday and I went to the sales gallery yesterday in Nusajaya, All the ground floor units and mostly type B layouts are already resevered by UEM's VVIPs. For approximate 2200sqft, the selling price is only around $1.2M, almost the same for a 1200sqft unit in Teega Bay. I think it is a value buy, guarded and gated, with it's own facilities. Of course, residents still entired to use The Ledang's facilities if they want to.
 
Hi went to Tuas this morning n saw the mrt line has reached up to the Tuas checkpoint about 500 meters next to Raffles Marina ,it seems this would be better gateway to iskandar area then the proposed woodlands mrt since very close to jb just wondering if anybody has any idea if it will go to jb probably n will be completed by 2016 which is much earlier then the woodlands line ,got some picturesa will try to post later thanks.
 
Hi went to Tuas this morning n saw the mrt line has reached up to the Tuas checkpoint about 500 meters next to Raffles Marina ,it seems this would be better gateway to iskandar area then the proposed woodlands mrt since very close to jb just wondering if anybody has any idea if it will go to jb probably n will be completed by 2016 which is much earlier then the woodlands line ,got some picturesa will try to post later thanks.

You must remember Iskandar is a very large area stretching from Pasir Gudang in the east to Nusajaya in the west and Kulaijaya in the north. So when u say the Tuas extension would be a better gateway to Iskandar, why do you say that? In population terms? I don't think so. A sizeable majority of Iskandar's population is closer to woodlands. Unless u're talking about Nusajaya, which is something else.
 
Should boost demand for housing in nusajaya. Oil workers highly paid.

Abu Dhabi in nearly $7 bln oil investment in Malaysia


KUALA LUMPUR, March 12 | Tue Mar 12, 2013 7:47am EDT

(Reuters) - Abu Dhabi on Tuesday signed an agreement worth an estimated 21 billion ringgit ($6.75 billion) for a petroleum storage facility in Malaysia's Johor state.

The facility for up to 60 million barrels of crude oil will be located in Tanjung Piai in Johor state, Malaysia's prime minister Najib Razak said at the signing ceremony with Abu Dhabi crown prince General Sheikh Mohamed Bin Zayed Al Nahyan.

Malaysia is looking to develop the area as an oil and gas hub, part of an ambitious economic development plan.

In a separate agreement also signed on Tuesday, Abu Dhabi's state-owned Aabar Investments PJS and Malaysia's state-owned 1Malaysia Development Bhd agreed on an 18 billion ringgit "strategic partnership" to invest in Malaysia.

No other details were available but 1Malaysia Development Bhd said in a statement the partnership "will focus on investments in important high-impact projects vital to the long term-economic and social growth of Malaysia."

Abu Dhabi will also "provide the required capital" for 1Malaysia Development Bhd's Tun Razak Exchange development which is expected to cost billions of ringgit, the Malaysian company added.

($1 = 3.1117 Malaysian ringgit) (Reporting By Siva Sithraputhran; editing by James Jukwey)

image.jpg
 
You must remember Iskandar is a very large area stretching from Pasir Gudang in the east to Nusajaya in the west and Kulaijaya in the north. So when u say the Tuas extension would be a better gateway to Iskandar, why do you say that? In population terms? I don't think so. A sizeable majority of Iskandar's population is closer to woodlands. Unless u're talking about Nusajaya, which is something else.[/QUOTE
yes i mean when the spore mrt gets closer to the checkpoint its obvious that there will be bus from mrt station to either bt indah area or gelang patah so the benificiaries are bt indah, nusajayah n gelang patah areas due to proximity .thought iskandar as a whole as most are vested in the nusajaya or bt indah area .
 
Re: Sky Suite / Skysuite VS V Summerplace VS paragon at CIQ

The Astaka for sales , seem very big and huge end.

Metro Homes Iskandar is proud to have the opportunity to market this New Super Condo Iskandar – The Astaka ( meaning The Royal Pavilion)





The Astaka’s mindblowing Features:- high end business centers/mall aka ‘Marina Bay Financial center’ of JB iskandar.

- Lateral distance 800 meters to CIQ JB Sentral- highest residential building (301m) in Malaysia and Singapore

- 423 units including 8 super penthouse duplex units at 4870sqft (double volume ceiling for living room, sqft is exclusive of double volume)- 3.6M ceiling height- façade are almost all glass; special full length glass sliders at balcony, can fully close up to make the balcony also living space- 2 towers, 62 levels and 68 levels, efficient layout - like Twin Tower of KLCC!- sky lounge, cigar/wine bar, at level 64(twr1) and level 59 (twr2)- 3 basement parking and 5 level up parking total 1030 lots, 2 lots per unit, 4 lots per unit PH, 40% are extra size lots for rolls Royce cars


- All seaview facing and privacy. Starting level 7 already seaview as it is also located on a hill

- Tunnel to be build connecting directly to project 1 minute to drive from custom

- All facing are towards low rise landed and surrounding building will not be converted high rise

- pool is 35 meters and lots of facilities…..features and hanging glass gym on mezzanine

- designed by the largest architect firm in Malaysia; by its famous partner in the firm

- highest security features

- concierge services

- living rm and master ceiling ducted aircon, other rms inverter split

- Hans Grohe kitchen/tap/shower fittings , PURA VIDA range for the master, rain showers as well for all rms

- Miele appliances + washer + dryer

- Dry/wet kitchen

- 2 high speed private lift of 15 capacity each , aircon

- walk in wardrobes for master and sliding for the rest

- Triple volume Main lobby

- Possibly all international lot with no Bumi lots!

- low floors to 20+ possibly starting at RM900psf for VIP preview launch

- experienced developer team who concepted and build Puteri Harbour.



- Developer is a new entity – Astaka Sdn Bhd



The launch date is 1-2 months from now. VVIP Preview booking starts mid March 2013 for first 80 units only. High end units from 2199 sq ft being the smallest size, from min RM2 million onwards (S$800,000):

Type A1 2199 sf

Type A2 2236 sf

Type B 2619 sf

Duplex 5170 sf



Please call +6597940550/+0167091205/+0177383624 or email at [email protected] to book now!!!!
 
The Astaka for sales , seem very big and huge end.

Metro Homes Iskandar is proud to have the opportunity to market this New Super Condo Iskandar – The Astaka ( meaning The Royal Pavilion)





The Astaka’s mindblowing Features:- high end business centers/mall aka ‘Marina Bay Financial center’ of JB iskandar.

- Lateral distance 800 meters to CIQ JB Sentral- highest residential building (301m) in Malaysia and Singapore

- 423 units including 8 super penthouse duplex units at 4870sqft (double volume ceiling for living room, sqft is exclusive of double volume)- 3.6M ceiling height- façade are almost all glass; special full length glass sliders at balcony, can fully close up to make the balcony also living space- 2 towers, 62 levels and 68 levels, efficient layout - like Twin Tower of KLCC!- sky lounge, cigar/wine bar, at level 64(twr1) and level 59 (twr2)- 3 basement parking and 5 level up parking total 1030 lots, 2 lots per unit, 4 lots per unit PH, 40% are extra size lots for rolls Royce cars


- All seaview facing and privacy. Starting level 7 already seaview as it is also located on a hill

- Tunnel to be build connecting directly to project 1 minute to drive from custom

- All facing are towards low rise landed and surrounding building will not be converted high rise

- pool is 35 meters and lots of facilities…..features and hanging glass gym on mezzanine

- designed by the largest architect firm in Malaysia; by its famous partner in the firm

- highest security features

- concierge services

- living rm and master ceiling ducted aircon, other rms inverter split

- Hans Grohe kitchen/tap/shower fittings , PURA VIDA range for the master, rain showers as well for all rms

- Miele appliances + washer + dryer

- Dry/wet kitchen

- 2 high speed private lift of 15 capacity each , aircon

- walk in wardrobes for master and sliding for the rest

- Triple volume Main lobby

- Possibly all international lot with no Bumi lots!

- low floors to 20+ possibly starting at RM900psf for VIP preview launch

- experienced developer team who concepted and build Puteri Harbour.



- Developer is a new entity – Astaka Sdn Bhd



The launch date is 1-2 months from now. VVIP Preview booking starts mid March 2013 for first 80 units only. High end units from 2199 sq ft being the smallest size, from min RM2 million onwards (S$800,000):

Type A1 2199 sf

Type A2 2236 sf

Type B 2619 sf

Duplex 5170 sf



Please call +6597940550/+0167091205/+0177383624 or email at [email protected] to book now!!!!
 
Re: Sky Suite / Skysuite VS V Summerplace VS paragon at CIQ

frankly speaking ... if RM2 million ... I will purchase landed property like Sp Eco site and etc ....

The Astaka for sales , seem very big and huge end.

Metro Homes Iskandar is proud to have the opportunity to market this New Super Condo Iskandar – The Astaka ( meaning The Royal Pavilion)

The Astaka’s mindblowing Features:- high end business centers/mall aka ‘Marina Bay Financial center’ of JB iskandar.

- Lateral distance 800 meters to CIQ JB Sentral- highest residential building (301m) in Malaysia and Singapore

- 423 units including 8 super penthouse duplex units at 4870sqft (double volume ceiling for living room, sqft is exclusive of double volume)- 3.6M ceiling height- façade are almost all glass; special full length glass sliders at balcony, can fully close up to make the balcony also living space- 2 towers, 62 levels and 68 levels, efficient layout - like Twin Tower of KLCC!- sky lounge, cigar/wine bar, at level 64(twr1) and level 59 (twr2)- 3 basement parking and 5 level up parking total 1030 lots, 2 lots per unit, 4 lots per unit PH, 40% are extra size lots for rolls Royce cars


- All seaview facing and privacy. Starting level 7 already seaview as it is also located on a hill

- Tunnel to be build connecting directly to project 1 minute to drive from custom

- All facing are towards low rise landed and surrounding building will not be converted high rise

- pool is 35 meters and lots of facilities…..features and hanging glass gym on mezzanine

- designed by the largest architect firm in Malaysia; by its famous partner in the firm

- highest security features

- concierge services

- living rm and master ceiling ducted aircon, other rms inverter split

- Hans Grohe kitchen/tap/shower fittings , PURA VIDA range for the master, rain showers as well for all rms

- Miele appliances + washer + dryer

- Dry/wet kitchen

- 2 high speed private lift of 15 capacity each , aircon

- walk in wardrobes for master and sliding for the rest

- Triple volume Main lobby

- Possibly all international lot with no Bumi lots!

- low floors to 20+ possibly starting at RM900psf for VIP preview launch

- experienced developer team who concepted and build Puteri Harbour.



- Developer is a new entity – Astaka Sdn Bhd



The launch date is 1-2 months from now. VVIP Preview booking starts mid March 2013 for first 80 units only. High end units from 2199 sq ft being the smallest size, from min RM2 million onwards (S$800,000):

Type A1 2199 sf

Type A2 2236 sf

Type B 2619 sf

Duplex 5170 sf



Please call +6597940550/+0167091205/+0177383624 or email at [email protected] to book now!!!!
 
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