Therefore, if the distance is 1km, you only take 10 mins walk.
But I am not sure if everyone enjoys such a fast pace walk. You don't see that even in fast pace Singapore, why would you want to rush after moving to JB?
Therefore, if the distance is 1km, you only take 10 mins walk.
But I am not sure if everyone enjoys such a fast pace walk. You don't see that even in fast pace Singapore, why would you want to rush after moving to JB?
China developers don't seem to have a conscience. They are just out to profit. At 30k units, Princess Cove is definitely a losing proposition, regardless how good the location is.
The above doesn't apply only to their developers but also to almost all other businesses from China.China developers don't seem to have a conscience. They are just out to profit. At 30k units, Princess Cove is definitely a losing proposition, regardless how good the location is.
The above doesn't apply only to their developers but also to almost all other businesses from China.
China developers are not fools. I doubt it is due to poor research or sloppiness. They likely thought Msia ppty could sell well by targeting PRC investors, with the intention to launder their ill-gotten wealth. In the process, affecting the supply and demand balance and killing the market for everybody else.
China developers are not fools. I doubt it is due to poor research or sloppiness. They likely thought Msia ppty could sell well by targeting PRC investors, with the intention to launder their ill-gotten wealth. In the process, affecting the supply and demand balance and killing the market for everybody else.
I'm a Malaysian working in singapore. I don't like puteri cove location, it's dirty and run down and the whole stretch doesn't have an upmarket vibe. also it's too expensive for JB.
no offense to genuine PC buyers. but to those who haven't buy, go look at the location first, especially the surrounding stulang area. drive up the road to the zone and see what kind of business is there. nightclub and ktv, right? that's your future tenants at P&C.
Incidentally the red-light district D14 in Singapore has one of the best rental yield... :p
Princess Cove at 1st link. Puteri Cove is at 2nd link.
ahhh damit. you'd think they wouldn't name their condos so similarly. i've corrected my earlier post. ta, mate.
yes, red light D14 has good rental yield, correct. But you have to dig deeper. Why does it have good rental?
Answer is because they are many transient population in geylang, and the price hasn't appreciated that much compare to other more "residential" districts due to the proximity to red light establishments. some banks also do not lend to buyers of red light properties, so that also keeps prices in check. in PC the price from developer is already high. there are lots of cheaper apartments to rent in JB. One of my friends bought a upper floor lot in geyland for rental, rental was good, but he gave up after a few years cos the tenants were giving him a headache. which is exactly the kind of problems i'd expect for a rental property in geyland.
Geylang's psf shot up to nearly match the nearby districts from 2010 to 2012. I was closely monitoring it and nearing bought one there, but in the end I didn't as I did not want to be associated with the lucrative trade :p