Puteri Harbour Community

[Funniman]

Even these leasehold old folk homes are starting to get out of reach.. dunno what next?

Battersea Power Station in London by Setia Phase 1 was selling at 1000 Pounds Sterling per sq ft and the 800 plus units were sold out within 3 days except for the penthouses. Phase 2 is announced to be 2200 Pounds Sterling per sq ft starting early 2014. A 2 room apartment is about 700 sq ft.

If we are complaining of local prices, really dunno what to say next.

 

[cheerguan]

Battersea Power Station in London by Setia Phase 1 was selling at 1000 Pounds Sterling per sq ft and the 800 plus units were sold out within 3 days except for the penthouses. Phase 2 is announced to be 2200 Pounds Sterling per sq ft starting early 2014. A 2 room apartment is about 700 sq ft.

If we are complaining of local prices, really dunno what to say next.

Everywhere in the world, projects are highly priced in for influx of rich PRCs. Ordinary locals will suffer esp for small countries if no protection given by their goverment like Sg.

 

[DCputeri]

Encorp marina has completed foundation work.

 

[Funniman]

Encorp marina has completed foundation work.

The superstructure should start in September.
Have to standby the next 10%.

 

[DCputeri]

Superstructure is 15%.

The superstructure should start in September.
Have to standby the next 10%.

 

[Dfiris]

Heard that UMLand had problems with its contracors thats why Somerset Putei Harbour is kinda of slow. It has since been resolved, and things are picking up pace. Should expect TOP around Feb-Apr 2014

 

[Valdez]

Wonder when the ferry to singapore will commence? Was told early July but till now no picture no sound. Anybody here got any inside info what is the delay?

 

[GilaPH]

Wonder when the ferry to singapore will commence? Was told early July but till now no picture no sound. Anybody here got any inside info what is the delay?

hmmm tink it had started some weeks back. i enquired personally when i drove around the cul de sac at the harbour terminal. a staff came out with brochure on the timings. but not all timings are available yet. saw the ferry departing also but dunnoe to where - singapore or batam...

 

[btravelling]

Wonder when the ferry to singapore will commence? Was told early July but till now no picture no sound. Anybody here got any inside info what is the delay?

Here is the Link, it says the ferry is coming soon. I assume there is not enough projected business to make it worth doing at this time. Also this is the Hello Kitty ferry, not the proposed commuter fast ferry which was rumored to take 45 minutes to harbour front. I assume the commuter ferry will not materialize until there are actual commuters to use it in 2016.
The coming soon Hello Kitty ferry will take 1 hour 30 to get there for 58 MYR 2 way ticket. And when the Hello Kitty bus is faster and cheaper there may not be the demand for the ferry yet.
http://www.playtime.com.my/transport-water

 

[Funniman]

Heard that UMLand had problems with its contracors thats why Somerset Putei Harbour is kinda of slow. It has since been resolved, and things are picking up pace. Should expect TOP around Feb-Apr 2014

IJM is one of the top class contractor in the country. The finishing scope of works / fit out package is usually slower compared to superstructure works. Think shouldn't be any problems.

 

[westcoastbay]

My check last month, there is no ferry service (to Puteri) listed in the SG cruise terminal website.

I asked Traders before, they also said not in service yet.

 

[Dfiris]

IJM is one of the top class contractor in the country. The finishing scope of works / fit out package is usually slower compared to superstructure works. Think shouldn't be any problems.

Felt assured hearing that. Thanks Bro!!

By the way, chance upon this article in the latest magazine issue

KLCC - Buying Spree

https://docs.google.com/file/d/0Bw59T_Je_d28ekFGdjFMRFNBb2s/edit?usp=sharing

 

[Funniman]

Felt assured hearing that. Thanks Bro!!

By the way, chance upon this article in the latest magazine issue

KLCC - Buying Spree

https://docs.google.com/file/d/0Bw59T_Je_d28ekFGdjFMRFNBb2s/edit?usp=sharing

Latest news is that the Malaysian Government is doing away with DIBS to cool the market. Another cooling measure is loans are now restricted to maximum 35 years repayment period (down from 45 yrs). No personal loan allowed. Total loan repayments restricted to 60% of nett income. No preapproved loans to be marketed. All these will cool the buying spree.

 

[DCputeri]

I understand the strata title ACT 2012 ensures that all new development when TOP must have the strata title. This is really comforting to know as I have friends who has not received the strata title after 10 years. Malaysian garment is really clamping down on doggy developer.

Latest news is that the Malaysian Government is doing away with DIBS to cool the market. Another cooling measure is loans are now restricted to maximum 35 years repayment period (down from 45 yrs). No personal loan allowed. Total loan repayments restricted to 60% of nett income. No preapproved loans to be marketed. All these will cool the buying spree.

 

[Dfiris]

I understand the strata title ACT 2012 ensures that all new development when TOP must have the strata title. This is really comforting to know as I have friends who has not received the strata title after 10 years. Malaysian garment is really clamping down on doggy developer.

not jus developers.. its the culture. The locals dun even bother to register their tiltles even when it is out, jus to save some stamp duty. hopin to pass on to next buyer maybe.. its the culture

 

[Rocker]

Any Brothers and Sisters bought Teega? Have you guys gotten the state consent and copy of the SPA? I am just wondering how long it will take in general? Any advice?

 

[malpaso]

I understand the strata title ACT 2012 ensures that all new development when TOP must have the strata title. This is really comforting to know as I have friends who has not received the strata title after 10 years. Malaysian garment is really clamping down on doggy developer.

Assuring to know, and indeed, my folks have an old apartment that has not rcv strata title yet in KL even after 10 years (almost 15 yrs i think).

 

[Organic]

Any Brothers and Sisters bought Teega? Have you guys gotten the state consent and copy of the SPA? I am just wondering how long it will take in general? Any advice?

UEM has yet to firm some designs and others, as such lawyer cannot apply state consent without UEM doc. Was told two weeks back.doubt they are done now.worried about the foreigner levy increase before lawyer can take further actions. :(

 

[FHBH12]

UEM has yet to firm some designs and others, as such lawyer cannot apply state consent without UEM doc. Was told two weeks back.doubt they are done now.worried about the foreigner levy increase before lawyer can take further actions. :(

Amazing at the way things are done recently, even by big developers. Lots of delays and uncertainty. Not sure about progressing to construction stage.

 

[Rocker]

Teega's lawyer mentioned to me that even if we have paid for the state consent fees plus the initial down payment, once there is an increase in state consent, we will still be liable.

As I need to get an insurance to cover this Malaysia property, it is better to get a insurance policy here in Singapore or in Malaysia? Anyone has any idea?