Puteri Cove by RF

[Funniman]

Sentosa Cove

Good place.
Freehold lagi. Non commercial use. Better value.

Unlike in Malaysia, some land freehold but limited for commercial use. That's y only can build service apartments.
In commercial use land, the utilitiy bills eg electricity and water, council assessment rates also much higher.

 

[bakkuttay]

can anyone clear this once for all.

R&F - developer of princess cove aka tanjung puteri

Pearl Discovery - developer of puteri cove

why thread is Puteri Cove by R&F??????

quarreling here over mismatched info?????? hahaha

A solid joke! hahahaha...

Yup..... but the person who started this thread already went missing!

hahahahhaa,,,,,,,,

 

[Funniman]

Something about commercial land title and residential land title.

Residential land titles enable you to get financing rates and longer tenure at residential loan packages, normally at 90% loan.
Commercial land titles normally have higher assessment rates, quit rent and electricity and water bills at commercial rates which is more expensive.
In the past, you would need a commercial loan to finance a service apartment built on commercial land. And the tenure would normally be shorter and usually 70% loan. Not all banks offer commercial loans for private properties. I know Alliance Bank do not finance such loan in the past but not sure nowadays.

With the latest Bank Negara tight lending rules, can residential loan can be applied to commercial properties? Best to check it out before you sign on the dotted line.

 

[PuteriWorld]

Too many Sporeans are never good as it means the prices will shoot up and the place become congest. Wait the Johor Govt put up an ERP gantry along Jalan Tebrau and Jalan Skudai to charge Singaporean motorist how? Afterall its the norm to pay in Singapore so it doesn't make any difference to pay ERP in Johor except that its in RM

Lets go check at the shopping centre in JB this weekend. Singaporeans sure coming in like normal again. Dont believe me? U can check it out yourself this weekend. I am going to KSL again.

 

[FHBH12]

Too many Sporeans are never good as it means the prices will shoot up and the place become congest. Wait the Johor Govt put up an ERP gantry along Jalan Tebrau and Jalan Skudai to charge Singaporean motorist how? Afterall its the norm to pay in Singapore so it doesn't make any difference to pay ERP in Johor except that its in RM

It will hit the businesses really badly when Singapore matches the toll, especially once GST is applied from 1 Apr 2015. We should get ready to see more businesses failing next year in southern Johor. The new shops and malls (including integrated mall-condo) may not take off until several years later, so it is likely we see large sections of deserted new areas. I hope it doesn't affect your investments

 

[cow138]

Quite a few malls are being planned.
Think they might be adversely impacted.
I think there currently abandoned shopping centres night likely become that way for a while longer.
Malaysia govt really can't make it.

 

[malpaso]

It will hit the businesses really badly when Singapore matches the toll, especially once GST is applied from 1 Apr 2015. We should get ready to see more businesses failing next year in southern Johor. The new shops and malls (including integrated mall-condo) may not take off until several years later, so it is likely we see large sections of deserted new areas. I hope it doesn't affect your investments

some projects may not even go ahead due to sentiment.

 

[ComingToJB]

Lets go check at the shopping centre in JB this weekend. Singaporeans sure coming in like normal again. Dont believe me? U can check it out yourself this weekend. I am going to KSL again.

I'm not sure about this weekend..
Just last Saturday late afternoon I went to KSL
Upon arrival I went straight for car washing first.. No need to Q and the whole shop only 2 cars.. 1 cleaning dry another 1 was my car..
The supervisor kept asking me whether want polish & wax, and I can see his employee all very free (3 workers wash 1 car)
Look over to Ah Wee car accessories.. on 2 cars (usually full of cars)

After that went into KSL shopping.. it seems the crowd dropped at least 20-30% than usual

 

[Zelphon]

Interesting red flag!!!

http://m.asia.wsj.com/articles/chin...eaking-out-of-its-borders-1408031457?mobile=y

 

[winners]

It will hit the businesses really badly when Singapore matches the toll, especially once GST is applied from 1 Apr 2015. We should get ready to see more businesses failing next year in southern Johor. The new shops and malls (including integrated mall-condo) may not take off until several years later, so it is likely we see large sections of deserted new areas. I hope it doesn't affect your investments

If the Malaysian side will impose a VEP of RM50 by the end of this year, then I think the progress of JB will be delayed by at least 3 years or more. And ironically, within these 3 years, thousands of condos will be ready for occupation, so how?

 

[Funniman]

Investment in Iskandar is getting hotter now. Australian property developer is investing more in Iskandar now. A really good sign for Johorean.

http://www.therakyatpost.com/busine...ian-property-developer-shifts-focus-malaysia/

Senibong Cove by Walker has been here in JB long time liao.

 

[Funniman]

Read the article carefully la..... they are pumping in more money in Iskandar apart from Senibong Cove.

My oversight...yes...good sign.

 

[gooddebt]

My oversight...yes...good sign.

very strange that experienced developers are still bullish despite the tolls and potential oversupply ... let's hope they know something that we don't !

 

[RedsYNWA]

very strange that experienced developers are still bullish despite the tolls and potential oversupply ... let's hope they know something that we don't !

Maybe Walker Group looked at the recent Causeway/Tuas jams and realised thatn >75% are SG plated cars. Haha..... Actually in Iskandar, its the PRs & locals who are driving the purchases. The Singaporeans have long turned cautious liao.....

 

[gooddebt]

Maybe Walker Group looked at the recent Causeway/Tuas jams and realised thatn >75% are SG plated cars. Haha..... Actually in Iskandar, its the PRs & locals who are driving the purchases. The Singaporeans have long turned cautious liao.....

locals buying in anticipation of RTS and HSR ?

 

[RedsYNWA]

locals buying in anticipation of RTS and HSR ?

Maybe in anticipation of RTS & GST hike. Just go on a weekend to R&F showroom. Hardly any SG plated cars. Mostly MY cars..... Most PRs will drive SG cars back to their house, & drive their MY cars out 1.....

 

[FHBH12]

locals buying in anticipation of RTS and HSR ?

GST in Apr 2015.

 

[malpaso]

interesting ... wonder are jb local are considering this prop becos they think they can easily flip to singaproean or malaysian earning singdollar.?

 

[freekazoid]

Buyer for self stay make sense...than pay rent in sg.
Buyer waiting for msian work in sg to rent from them...cannot depend...this group of msian willing to work and stay in between border are super saver...

 

[RedsYNWA]

Buyer for self stay make sense...than pay rent in sg.
Buyer waiting for msian work in sg to rent from them...cannot depend...this group of msian willing to work and stay in between border are super saver...

For Malaysian buyers, just to add that quite a no of condo buyers (for self stay) come from other states like KL, Penang, Kuantan, Ipoh, Sarawak, Sabah etc. These buyers think they may not mind staying in JB & commuting to SG.

The local Johoreans still prefer their terraces for self-stay, though they may buy condo for investment.