Puteri Harbour Community

[Frodo]

To what I understand is the State consent takes around 3 months. But I have one that takes more than 5 months.

Those who wants to get it approved as quick as 3 months use "runners" and it cost some money but I have no idea how much for this.

Hee hee, mine was approved in 2 weeks because of runners but I did not pay for the service.

 

[1nottiboy]

actually given what I think of the Malaysian govt right now, I hope they will reject my state consent and return me my monies. I dun mind losing some of the transaction costs. would prefer to take my money elsewhere.

With the new changes I think it is no more the usual 3 months if you start applying for it now. They probably have a huge backlog of state consent applications.

 

[Ted1108]

Btw, does anybone know when is the launch of Puteri Cove tower 2? One of my friend interested marina view unit

 

[Lexus]

Some said end of Nov, some said Jan 2014. I think it depends on how well the performance of Tower 1 with the implementation of new RUG.

Btw, does anybone know when is the launch of Puteri Cove tower 2? One of my friend interested marina view unit

 

[kopikong99]

Btw, does anybone know when is the launch of Puteri Cove tower 2? One of my friend interested marina view unit

Has all the marina view in tower 1 taken up including those bigger units higher floor?

 

[Newbie11]

actually given what I think of the Malaysian govt right now, I hope they will reject my state consent and return me my monies. I dun mind losing some of the transaction costs. would prefer to take my money elsewhere.

Manila yield is gd

 

[Dfiris]

Manila yield is gd

Financing cost also better :p

 

[cybermad]

Manila yield is gd

how is the exit strategy ?

 

[Newbie11]

Heard it's submitted

 

[Newbie11]

Financing cost also better :p

Based on my research, no one take up financing. Cash purchase in installments interest free

 

[Newbie11]

how is the exit strategy ?

I also don't know. At face value, it beats jb prop with proven gd yield. Jb how to exit?

 

[Lexus]

I guess not yet. Was at PH last weekend. Saw a few agents from Singapore bringing potential clients there.

Has all the marina view in tower 1 taken up including those bigger units higher floor?

 

[Dfiris]

Based on my research, no one take up financing. Cash purchase in installments interest free

that means no gearing hor..

 

[Funniman]

Based on my research, no one take up financing. Cash purchase in installments interest free

Anti Money Laundering Laws and Inland Revenue would come knocking. :p

 

[Newbie11]

Upper mid end 1br is 100k sgd. Luxury is 350k. Sgd. Locals don't borrow. Banks don't lend. Yield min 6% worst case. I thinking how to crash since no loan.

 

[cybermad]

I also don't know. At face value, it beats jb prop with proven gd yield. Jb how to exit?

it is possible to exit JB if yr ppty is at good location and you dun ask for the sky. You also have the option of turning it into a retirement home.

I think exit is difficult in Phil as the locals are not so rich . If they rich, why they wanna rent ?

 

[Funniman]

it is possible to exit JB if yr ppty is at good location and you dun ask for the sky. You also have the option of turning it into a retirement home.

I think exit is difficult in Phil as the locals are not so rich . If they rich, why they wanna rent ?

The rich will be very rich in Manila. So they do not need your home. They are cash rich.The poor would be very poor as well.
Besides, you have natural disasters every now and then. Politically wise, you have change of political parties very often. So economically not stable.

 

[menghuii]

it is possible to exit JB if yr ppty is at good location and you dun ask for the sky. You also have the option of turning it into a retirement home.

I think exit is difficult in Phil as the locals are not so rich . If they rich, why they wanna rent ?

ya totally agree. regardless where your house is, it's the price - whether it's for rent or sale.
a relative in singapore trying to sell their sentosa cove is stubbornly trying to sell it at a
price buyers are not willing to pay. so what does one expect. i remember once during the 2009
financial crisis when a seller wanted to sell me a urban condo at 20% below their purchased price..guess what? i thought thrice and someone grabed it at below 30% after negotiation.
i wasnt even willing to negotiate. moral of the story - there's always a buyer; at different pricing though.

just to add, a brother in law once bougt a KL Farlene condo at bukit bintang, a serviced aprtment type, then couldnt rent it out for a pretty long time. he told me its not nobody wants to rent. it's just embarassing to be the owner to spoil the market. so he kept it until he sold it off recently below cost of course because of poor exchange rate.

unless we all think of exiting as meaning making easy money then its a different story.

since got time i add again. personally i think overseas pty investment has its pros and cons like for eg when i bought an aussie property in 1996, rent for few years, sold it in 2003 or 2004 and make quite a good gain in both capital and currency exchange. to me then it was an interesting investment but i m not sure if i dare to try again in that area. in ph i m really staying long term i think.

 

[cybermad]

if your ppty is at a good location, I dun think u need to sell at cost. perhaps at lesser profits if u want a fast sale.

ya totally agree. regardless where your house is, it's the price - whether it's for rent or sale.
a relative in singapore trying to sell their sentosa cove is stubbornly trying to sell it at a
price buyers are not willing to pay. so what does one expect. i remember once during the 2009
financial crisis when a seller wanted to sell me a urban condo at 20% below their purchased price..guess what? i thought thrice and someone grabed it at below 30% after negotiation.
i wasnt even willing to negotiate. moral of the story - there's always a buyer; at different pricing though.

just to add, a brother in law once bougt a KL Farlene condo at bukit bintang, a serviced aprtment type, then couldnt rent it out for a pretty long time. he told me its not nobody wants to rent. it's just embarassing to be the owner to spoil the market. so he kept it until he sold it off recently below cost of course because of poor exchange rate.

unless we all think of exiting as meaning making easy money then its a different story.

since got time i add again. personally i think overseas pty investment has its pros and cons like for eg when i bought an aussie property in 1996, rent for few years, sold it in 2003 or 2004 and make quite a good gain in both capital and currency exchange. to me then it was an interesting investment but i m not sure if i dare to try again in that area. in ph i m really staying long term i think.

 

[DCputeri]

Anyone going to the Setia 88 launch in Singapore tomorrow. They even have cocktail in 6-star Ritz Carlton.