Hi thanks for replying as well. My comments follow. This will also consolidate most of my replies to most comments from other forummers. Pls bear with me if I have many more questions as its a large investment, larger than my HDB 'investment'...
Since it is a large investment and you are venturing into a 2nd property after the KSL one that you wrote about, I hope that you have done the necessary due diligence and also managed your debt servicing ratio. Are you confident of getting funding for your Nusa Duta property?
To start off, are the forumers who reply to me Singaporeans as well? Or malaysians also buy this area?
I think they are Singaporeans, Singapore Permanent Residents from Malaysia, Singapore Permanent Residents from other countries, Malaysian citizens, residents and even foreigners outside the two countries. In short, they come from multiple sources.
Nusa Duta looks like a fantastic location from a strategic point of view. CIQ/JB centre is considered zone A prime location but to enter through CIQ to work in Singapore is problematic due to the morning jams...I'm currently working in Western Singapore (I'm Singaporean).
Yes, Nusa Duta looks like a great location but it is not the nearest Taman to Singapore. There are places like East Ledang, Leisure Farm, Ledang Heights, Impiana, etc, which are 5 minutes from Singapore Tuas. Technically, the nearest township to Singapore is Gelang Patah.
D rich facilities are lesser than some higher end condos, so is the appearance... If D Rich still has units left, will buying from developer directly be safe? Or through Singapore agent better? Which Singapore agent should I approach to enquire about D Rich.
So you mean there's a 25% discount off MYR 878K , which will be MYR 658.5 K???
I have replied you in an earlier mail on this. Developers may give discounts and waivers or even recommend partner bankers. If there's a discount of 25%, it sounds like a good deal. But more importantly, you need to consider the financing availability.
The booking fee of 10K is in ringgit I assume?
You say 10% must be paid within 2 weeks (that would be MYR65,000 assuming 25% discount) while the rest of the money 90% needs to be paid within a month. That's quite a lot of money...All these to be paid BEFORE TOP???
I'm actually on HSBC Amanah 50% loan (using another family member's name though) as I recently bought a KSL City D Esplanade Residence. I'm not sure if I will run into problems? Won't right since it's not under my name as I can start afresh. I heard we should get a pre-approved in principle loan before we commit to anything. What's the highest % loan we can get from bank for Nusa Duta?
While you can get some information here, I would suggest calling IJM's sales agents and also your banker to sort this out. Financing facilities are increasingly curbed in Malaysia and that is a good measure before a property bubble develops. For Nusa Duta, I know someone who obtained 90% financing from HSBC when she purchased Duta 2's 2nd phase's Cluster Semi-Ds.
Most of the time, this is what happens:
1. Booking fee (may be as low as RM 1K in my experience)
2. 2 weeks later, 5 or 10%
3. 8 weeks later, another 10% by which time, financing needs to be in place as that is also the time to sign S&P.
If this is your first property purchase, you should know that a loan is disbursed in stages for properties under construction. This helps the interest maintenance and also your risks as the bank would want to see completion of certain stages before permitting the flow of funds.
My concern here is the walking distance from Nusa Duta to the bus stop...All Singaporeans will be concerned if given this situation, I believe.
Condos have the advantage of swimming pools. Besides facilities like banking, Tesco, Jusco and Giant, any swimming pool like facility for Nusa Duta residents?
What about internet access for Nusa Duta? My KSL City unit is fiber optic ready by Maxis.
For Nusa Duta's landed properties, there's not many facilities. There is no pool. I am just contented that they installed an alarm system for me.
As for internet access, I am using Unifi from TM. Good deal they are offering. Land line, free phone, TV programmes, fibre optic internet for less than SGD 60.
How long have you been living at Nusa Duta? How do all of you find the security at Nusa Duta? I'm doing a lot of research on Iskandar (tiring) and I think the Korean businessman whose hand was cut off (!!) is living at a terrace unit at some road called Jamas or something, near Nusa Duta?
That was in Permas Jaya. Crime is everyone; in Singapore or Malaysia. Important to factor that into your consideration.
So you go through Tuas 2nd link back to Singapore to work everyday?
I don't do due to the distance and time required but many people do. It is a trade off and I am sure they have good reasons for doing so; such as lower cost of living and different life style.
Sorry, large investment, questions questions
Awaiting your expert comments and replies...
Thank you bros and (sis).