A couple of thousands compare to tens of thousands?
Also, out of the thousands of Singaporeans staying in JB, many are retirees or not regular 9 to 5 types, so commuting daily may not be neccessary.
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Property News
- Thread starter FHBH12
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A couple of thousands compare to tens of thousands?
Also, out of the thousands of Singaporeans staying in JB, many are retirees or not regular 9 to 5 types, so commuting daily may not be neccessary.
In conclusion, it does affect people and JB businesses, only to what extent. Have noticed thinner crowds at hypermarts, seen a number of shops closed and lesser car at cuci keretas....
Interesting...especially for those jipun property investors.
[video]http://tw.news.yahoo.com/video/東京房產難保值-日本人不買寧可租屋-091700950.html[/video]
Japan's population is greying fast and prices were once the most expensive in the world.
Johor's population is still young and property prices are still quite low for foreigners despite the run-up in prices.
UEM Sunrise
UEMS intends to launch more landed residential and industrial properties in Iskandar Malaysia (IM) going forward to avoid direct competition with the Chinese developers in IM, who are focusing on the high-rise residential segment. UEMS also intend to launch more non-Nusajaya projects to diversify its earnings base geographically. UEMS has lined up >MYR2.0b worth of new launches for the next eight months and is confident of hitting its MYR2b sales target for FY15.
Launching its best seller in Nusajaya – SiLC phase 3
UEMS will be launching one of its best sellers in IM - SiLC (an industrial project) in 2H15 after the earth and infrastructure works completed. Total GDV is estimated at MYR685m for the 197 acres of industrial land and it will be sold in three phases at land prices ranging from MYR80-90psf (+122% compared to MYR36psf in 2011). We are positive on the project as we think industrial land/properties should be supported by rising relocation activities by the small medium enterprises (SME) from Singapore. Also, there is limited industrial land supply as compared to residential and commercial properties.
Apart from SiLC, UEMS is also looking to launch D’Estuary at Puteri Harbour (phase 1; MYR470m in GDV; terrace houses from MYR1.2-1.3m/unit selling
prices) in 2Q15.
Potential surprises from land sales
UEMS is in talks for the disposal of a few parcels of land in Puteri Harbour, we understand. No further details are available at this juncture. In our forecasts, we have assumed MYR500m and MYR300m worth of strategic land sales in FY15 and FY16, respectively.
UEMS intends to launch more landed residential and industrial properties in Iskandar Malaysia (IM) going forward to avoid direct competition with the Chinese developers in IM, who are focusing on the high-rise residential segment. UEMS also intend to launch more non-Nusajaya projects to diversify its earnings base geographically. UEMS has lined up >MYR2.0b worth of new launches for the next eight months and is confident of hitting its MYR2b sales target for FY15.
Launching its best seller in Nusajaya – SiLC phase 3
UEMS will be launching one of its best sellers in IM - SiLC (an industrial project) in 2H15 after the earth and infrastructure works completed. Total GDV is estimated at MYR685m for the 197 acres of industrial land and it will be sold in three phases at land prices ranging from MYR80-90psf (+122% compared to MYR36psf in 2011). We are positive on the project as we think industrial land/properties should be supported by rising relocation activities by the small medium enterprises (SME) from Singapore. Also, there is limited industrial land supply as compared to residential and commercial properties.
Apart from SiLC, UEMS is also looking to launch D’Estuary at Puteri Harbour (phase 1; MYR470m in GDV; terrace houses from MYR1.2-1.3m/unit selling
prices) in 2Q15.
Potential surprises from land sales
UEMS is in talks for the disposal of a few parcels of land in Puteri Harbour, we understand. No further details are available at this juncture. In our forecasts, we have assumed MYR500m and MYR300m worth of strategic land sales in FY15 and FY16, respectively.
Source of information above (23 Apr 2015): http://research.maybank-ib.com/pdf/document/UEMS_CU_20150423_MKE_7412.pdf
RM 80~90 psf for industrial land is too expensive.
RM 50 psf sound more reasonable given the gestation time for the industrial park to mature.
We can expect some SMEs shifting over from SG to JB from 2015 to 2017. Beyond that there could be much lesser demand for such industrial properties since there are not many lower end industries left in SG now. So we could see another wave of oversupply in this property sector soon. Unless JB can successfully attract and build up its own low to mid end industries in these few years. Given the weakening exchange rate that allows SG to attract talent from JB, uncertain policies from the political situation, and competitions from other countries (or even from Penang and KL) for investment, it will be quite tough for JB to grow at a fast enough rate to absorb the supplies.
Don't worry. What ever happen, the demand for residential landed properties are still high. We only worry if we have bought any industry unit at the business park.
Agreed.
For industrial property development, you need catalyst projects to spur the setting up of supporting sub industries. So far, we have not seen any major FDIs yet on that scale in Nusajaya. All these while, the Malaysian Government had been focussing on major industrial development in Pahang, Negeri Sembilan, Melaka and Kedah. Somehow Johore and Perak is left out of the picture by MITI even though they are BN controlled states. It would be wrong to assume to Johore would be able to attract investors on its own and think the Singapore factor is enough. If there's any, it would be the light industrial sector as that is Singapore forte. That can only contribute hundreds of jobs and not thousands.
A short-sighted view. Only shows that many are still naive about the potential of Iskandar Development Region.
Johor has nothing much to offer other than cheap and plentiful land and also plentiful of low skilled workers.
While some people are too ambitious had wanted so much to shed the "Singapore backyard" image off Johor, unfortunately this image will never go away and actually should stay for good.
Already some smarter and worried developers are switching to light industrial development now when facing a severe housing glut for the next five to ten years caused by extremely "poor and uncoordinated planning" as admitted by their own politicians.
Johor is actually the most desirable location for the SMEs who are not big enough to go international while the cost of doing business id too high in SG and better still, only a short drive away. While Johor is not suited for high end sophisticated engineering, research type of industry due to lack of skilled workers hence light industry like logistic, food manufacturing, domestic furniture fabrication, building components fabrication, agricultural industries like veggies/eggs/chicken/fish farming etc are most suitable.
Johor have nothing much to offer? sure you are in the right mind? Or you are a typical Singaporean?
You are what you are and don't try to be something else!
Other than those I have mentioned, then tell me what else that's significant, otherwise, please shut up and sit down like CSLONG!
If Johor have nothing to offer, those people who invested in johor in this forum must be very stupid as you.
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Just like CSLONG, you can never ever answer a simple question I asked!
So, sit down and shut up and stop making youself stupid like CSLONG!
Talking using bird brain.
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