Puteri Harbour Community

[DCputeri]

It not tell you the size of each unit in his development.

I read the article as well and it does not say anywhere that the offered price will be 'less than 1000 psf'. The exact words are 'will be offered to them at prices equivalent to about RM 1000 psf'. The 'them' being 'directors and business associates of companies related to billionaire Robert Kuok'.

So, it is too early to assume that they will offer it at the same prices to the general public. Ya, I agree, prices moved up very fast and given the current poor sentiments a correction is highly likely. However, I have a hard time believing that the rest of the developers will panic based on this press release and start cutting prices.

The article is vague. It is not clear whether RM 1000 psf is starting or average price for these 'directors and business associates'. They bought land at RM 334 psf. If I am not mistaken, plot ratio is around 5 in puteri harbour. That means the land cost is around RM 65 psf. Construction cost for luxury high rise is around RM 300-400 psf. Including marketing, clearances, I would estimate their cost to be around RM 500 psf. At RM 1000 psf, they hit break even at 50% sales. What can stop them from jacking up the prices for general buyers, after they have sold a good chunk to 'directors and business associates'? They don't care if the sales are slow.

 

[cow138]

Puteri harbour is nice but it'll take about 10years before it can fully realise its potential.
Currently the prices have factored in all the future goodness.

Prices are moving ahead of present ground fundamentals. A bit dangerous.

 

[PuteriWorld]

Puteri harbour is nice but it'll take about 10years before it can fully realise its potential.
Currently the prices have factored in all the future goodness.

Prices are moving ahead of present ground fundamentals. A bit dangerous.

Anyone who is looking to invest in Iskandar area ( I mean Nusajaya esp ) had better hold on longer, say 10-20 years to bear fruits. Gone are the days of price doubling upon TOP

 

[Funniman]

Puteri harbour is nice but it'll take about 10years before it can fully realise its potential.
Currently the prices have factored in all the future goodness.

Prices are moving ahead of present ground fundamentals. A bit dangerous.

Est Completion:
Somerset - 2015
Imperia - 2016
Encorp - 2016/2017
Teega - 2017
Pinetree - 2018

PH should have a pretty good idea by 2017. But if you wait till then, probably the boat had already sailed.
If Shangri La hotel is built within the same complex, I do not think RM1000 is expensive.
KL has the same concept. UBN Tower is built adjoining to Shangri La. And even with KLCC condos and all the ones around the area, UBN tower offer exceptional high rental occupancy.

 

[OracleMasia]

Est Completion:
Somerset - 2015
Imperia - 2016
Encorp - 2016/2017
Teega - 2017
Pinetree - 2018

PH should have a pretty good idea by 2017. But if you wait till then, probably the boat had already sailed.
If Shangri La hotel is built within the same complex, I do not think RM1000 is expensive.
KL has the same concept. UBN Tower is built adjoining to Shangri La. And even with KLCC condos and all the ones around the area, UBN tower offer exceptional high rental occupancy.

If there is a casino in Puteri harbour, it will thrive,
If there is many grade A office occupied by top tier MNC/Banks/financial institution. it will thrive.
It will not thrive merely because of condo completion which most of the buyers are investors.

 

[Funniman]

If there is a casino in Puteri harbour, it will thrive,
If there is many grade A office occupied by top tier MNC/Banks/financial institution. it will thrive.
It will not thrive merely because of condo completion which most of the buyers are investors.

Convention center / Kota Iskandar Chief Minister office / CIQ
but last thing PH need is a casino.

 

[PuteriWorld]

Better not have any casinos if not the social impact will be great. Just look at the type of rubbish Singapore is generating and the whole place just stinks after the casinos were completed. When Iskandar is thriving, Singapore is in a state of dismay and degeneration. Even if the Malaysia govt did nothing, Iskandar will thrive, because water finds it own level

If I were a foreign firm, I would choose Iskandar anytime for RM 1000 ( S$400 ) rental instead of overpriced Singapore @ S$3000 and still got to squeeze in MRTs with Chinamen & blanglas workers

If there is a casino in Puteri harbour, it will thrive,
If there is many grade A office occupied by top tier MNC/Banks/financial institution. it will thrive.
It will not thrive merely because of condo completion which most of the buyers are investors.

 

[Funniman]

Batam has plenty of casinos and thriving businesses there too

 

[kaliumchloride]

I read the article as well and it does not say anywhere that the offered price will be 'less than 1000 psf'. The exact words are 'will be offered to them at prices equivalent to about RM 1000 psf'. The 'them' being 'directors and business associates of companies related to billionaire Robert Kuok'.

So, it is too early to assume that they will offer it at the same prices to the general public. Ya, I agree, prices moved up very fast and given the current poor sentiments a correction is highly likely. However, I have a hard time believing that the rest of the developers will panic based on this press release and start cutting prices.

The article is vague. It is not clear whether RM 1000 psf is starting or average price for these 'directors and business associates'. They bought land at RM 334 psf. If I am not mistaken, plot ratio is around 5 in puteri harbour. That means the land cost is around RM 65 psf. Construction cost for luxury high rise is around RM 300-400 psf. Including marketing, clearances, I would estimate their cost to be around RM 500 psf. At RM 1000 psf, they hit break even at 50% sales. What can stop them from jacking up the prices for general buyers, after they have sold a good chunk to 'directors and business associates'? They don't care if the sales are slow.

After visiting Country Danga Bay and R&F; lured by the 800 psf carrot; I will be extra careful as this 800 psf are for big units 1400 sq ft; those 900 to 1000 sq ft units with partial sea view goes for average 1200 psf. So very subjective, I find, when they coin terms like 1000 psf. Its really depends on sizes, view and floor.

 

[kaliumchloride]

After visiting Country Danga Bay and R&F; lured by the 800 psf carrot; I will be extra careful as this 800 psf are for big units 1400 sq ft; those 900 to 1000 sq ft units with partial sea view goes for average 1200 psf. So very subjective, I find, when they coin terms like 1000 psf. Its really depends on sizes, view and floor.

My personal view, I find built quality of Danga Country similar to Suasana JB (3 star hotel like) and R&F slightly better but still very much HDB style, boxy and standard. Nothing special and built quality and material similar to Suasana. I still like Waves and lets see what Robert Kuok design is like; if really 1000 psf. for condos with sea view; its a bargain.

 

[Valdez]

Convention center / Kota Iskandar Chief Minister office / CIQ
but last thing PH need is a casino.

Heard announcement for a huge theme park near to puteri harbour soon.

 

[Iskandar007]

Heard announcement for a huge theme park near to puteri harbour soon.

Is it somewhere near Marlborough college?

 

[Valdez]

View attachment 17161

Is it somewhere near Marlborough college?

yes. Theme park for all ages

 

[gooddebt]

yes. Theme park for all ages

At international Destination Resort ?

 

[dragonfly]

Est Completion:
Somerset - 2015
Imperia - 2016
Encorp - 2016/2017
Teega - 2017
Pinetree - 2018

PH should have a pretty good idea by 2017. But if you wait till then, probably the boat had already sailed.
If Shangri La hotel is built within the same complex, I do not think RM1000 is expensive.
KL has the same concept. UBN Tower is built adjoining to Shangri La. And even with KLCC condos and all the ones around the area, UBN tower offer exceptional high rental occupancy.

OMG! if Somerset Puteri Harbour will be completed later than March 2015, the developer has to pay "project delay completion" to the unit's owner. It will be quite sum of money to all owners (168 units). The longer the delay, the higher the penalty

 

[Valdez]

At international Destination Resort ?

dont know but supposed to be a renowned brand

 

[siacw]

Better not have any casinos if not the social impact will be great. Just look at the type of rubbish Singapore is generating and the whole place just stinks after the casinos were completed. When Iskandar is thriving, Singapore is in a state of dismay and degeneration. Even if the Malaysia govt did nothing, Iskandar will thrive, because water finds it own level

If I were a foreign firm, I would choose Iskandar anytime for RM 1000 ( S$400 ) rental instead of overpriced Singapore @ S$3000 and still got to squeeze in MRTs with Chinamen & blanglas workers

will you rent me your puteri harbour condo at RM1000? I want I want.

 

[teega]

Spent a night at Trader's hotel facing the Marina. Here are the pictures... Enjoy!

Puteri Harbour view



Puteri Harbour evening view

 

[teega]

Emerald Bay view from Traders Hotel !

 

[teega]

Future Convention centre and Southern Marina condominium(Robert Kuok)

The road between the convention centre and Southern Marina is accessible by the public.. check out the last picture.