Puteri Harbour Community

[tutucake]

Hi IskandarRocks,

Thanks for the inputs. 1 Medini is the only development that allows foreigners to buy below 500K? any others thats worth considering?

I will like to differ on the point abt the rental from the people working ard there... i felt that most expats has the ability to get a unit themselves... why would they want pay rent and not buy a unit for themselves in such a good location where theres so much potential in captial appreciation. im just putting myself in their shoes....

Hi Tutucake, true, the development is 99 years but prices seem to be 30-40% cheaper than nearby Puteri Harbour as well. So I don't see how you can go wrong.

From a rental point of view, it should not be bad, as a lower entry cost of a 99 year will guve you a better yield. The tenant catchment should be good as there are so many commercial establishments planned. Glenagles, Pinewood, Media Village, etc. The employees will need housing of course. Also, I heard that the initial 1 Medini launch, quite a few units were taken up by foreigners, particularly Japanese. So the area may become popular with expats as well, driving up the rental yield.

From your retirement point of view, it it should be a good location, with Gleneagles providing healthcare + other amenities, such as theme parks, shopping malls, nearby Puteri Harbour marina to keep you occupied.

 

[Funniman]

Many expats work on contracts on a duration of 2 to 5 years.. Usually they have a budget which is paid for by their company. Unlike Asians, buying of properties is not a norm. Many of their strategies is to adopt "cut and run" type. It is similar to car ownerships. They rather lease than buy.

Hi IskandarRocks,

Thanks for the inputs. 1 Medini is the only development that allows foreigners to buy below 500K? any others thats worth considering?

I will like to differ on the point abt the rental from the people working ard there... i felt that most expats has the ability to get a unit themselves... why would they want pay rent and not buy a unit for themselves in such a good location where theres so much potential in captial appreciation. im just putting myself in their shoes....

 

[tutucake]

Cool... That's some good backgrd info! Actually even if it's not rented out, it's not a major major issue becoz the mthly installment will not be too hefty a sum... If I want it to be more marketable for rental or in the event if i want to dispose it, perhaps a 2 bedder will be a better choice? As it appeals to a bigger grp of people (small families)

However the whole world tells me" if u get leasehold in Malaysia, sure cannot sell off in the future one".... U guys thinks the same?

Many expats work on contracts on a duration of 2 to 5 years.. Usually they have a budget which is paid for by their company. Unlike Asians, buying of properties is not a norm. Many of their strategies is to adopt "cut and run" type. It is similar to car ownerships. They rather lease than buy.

 

[Dfiris]

Some are leasing to try out the living if they like or k get used to it or not.

Just like when I am in KL the last week, met some retirees mentioning to me they are renting condo in KL first, if they like it then they will sell off their landed and move into the city.

 

[menghuii]

at 4pm today najib is officiating the puteri harbour

http://biz.thestar.com.my/news/story.asp?file=/2012/12/6/business/20121206084220&sec=business

 

[Dfiris]

If Teega prices r like wat the bros stated here on forum, why not u consider Teega instead? its freehold

Cool... That's some good backgrd info! Actually even if it's not rented out, it's not a major major issue becoz the mthly installment will not be too hefty a sum... If I want it to be more marketable for rental or in the event if i want to dispose it, perhaps a 2 bedder will be a better choice? As it appeals to a bigger grp of people (small families)

However the whole world tells me" if u get leasehold in Malaysia, sure cannot sell off in the future one".... U guys thinks the same?

 

[IskandarRocks]

If Teega prices r like wat the bros stated here on forum, why not u consider Teega instead? its freehold

So far, I have not heard of any other development, outside of Medini, that lets you buy anything under RM 500K.

I would agree. If you can stretch you budget to slightly above RM 500K, Teega should be worth a shot particularly if the price increase is nominal above the previous launch. You will not have to deal with the uncertainties of 99 year. They are launching the new tower for VIPs and registrants on December 15 and 16, respectively.

 

[tutucake]

If Teega prices r like wat the bros stated here on forum, why not u consider Teega instead? its freehold

Becoz for teega, I need to get 500k and above... I don't have much bullets Liao... Don't wanna over stretch myself. Medini doesn't have this requirement...

 

[tutucake]

Hi Iskandarrocks,

I would love to, but running low of armor already. My objective for this purchase is to get a small unit in a good location, superb security, manageable mthly installment, and preferably to be able to rent out until I officially move over to jb... I think medini puts a tick to most of those checkbox...

Unless someone can advice me on one major negativity abt getting a leasehold that can make me drop the idea, else I might juz go ahead

So far, I have not heard of any other development, outside of Medini, that lets you buy anything under RM 500K.

I would agree. If you can stretch you budget to slightly above RM 500K, Teega should be worth a shot particularly if the price increase is nominal above the previous launch. You will not have to deal with the uncertainties of 99 year. They are launching the new tower for VIPs and registrants on December 15 and 16, respectively.

 

[Dfiris]

Resale for leasehold is known to take much longer than freehold in the legal process, sometimes up to a year. k double check with yr lawyer on this.

Hi Iskandarrocks,

I would love to, but running low of armor already. My objective for this purchase is to get a small unit in a good location, superb security, manageable mthly installment, and preferably to be able to rent out until I officially move over to jb... I think medini puts a tick to most of those checkbox...

Unless someone can advice me on one major negativity abt getting a leasehold that can make me drop the idea, else I might juz go ahead

 

[Newbie11]

Not opening for sale just yet. But once open better grab as many offices you can lay your hands on. Teega has the only office block at puteri harbour

imperia also have office which UEM is moving into.

 

[tutucake]

Resale for leasehold is known to take much longer than freehold in the legal process, sometimes up to a year. k double check with yr lawyer on this.

Sure... Thanks for the heads up

 

[Funniman]

I think most of Teega Tower A exceed 1100sq ft - 1500 sq ft. Heard the price to be rm850psf.

If Teega prices r like wat the bros stated here on forum, why not u consider Teega instead? its freehold

 

[tutucake]

I think most of Teega Tower A exceed 1100sq ft - 1500 sq ft. Heard the price to be rm850psf.

Woah... I rest my case. -_-

 

[avelc]

WCT has another launch in Medini -- Medini Signatures without the 500k floor for foreigners. Do check it out.

Hi IskandarRocks,

Thanks for the inputs. 1 Medini is the only development that allows foreigners to buy below 500K? any others thats worth considering?

I will like to differ on the point abt the rental from the people working ard there... i felt that most expats has the ability to get a unit themselves... why would they want pay rent and not buy a unit for themselves in such a good location where theres so much potential in captial appreciation. im just putting myself in their shoes....

 

[tutucake]

WCT has another launch in Medini -- Medini Signatures without the 500k floor for foreigners. Do check it out.

What's the name of the condo may I ask?

 

[Funniman]

Try this:

The Meridin@Medini by Mah Sing

Good luck

What's the name of the condo may I ask?

 

[tutucake]

Thanks, anything that's leasehold within medini do not require 500k?

Try this:

The Meridin@Medini by Mah Sing


Good luck

 

[Funniman]

The Meridin @ Medini is open for registration.

Meridin Suites Residences:

– Studio (450 sf – 600 sf) (Indicative price from RM288,000)
– 1 Bedroom (600 sf – 800 sf)
– 2 Bedrooms (800 sf – 900 sf)
– 3 Bedrooms(850 sf – 1,100 sf)

http://iskandarprojectsinfor.wordpr...i-by-mah-sing-group-is-open-for-registration/

Thanks, anything that's leasehold within medini do not require 500k?

 

[tutucake]

Hmmm... It's at rm640psf... The biggest 1 bedroom will cost approx rm512000.... Hmmm I think a Freehold HH condo makes more sense...

The Meridin @ Medini is open for registration.

Meridin Suites Residences:

– Studio (450 sf – 600 sf) (Indicative price from RM288,000)
– 1 Bedroom (600 sf – 800 sf)
– 2 Bedrooms (800 sf – 900 sf)
– 3 Bedrooms(850 sf – 1,100 sf)

http://iskandarprojectsinfor.wordpr...i-by-mah-sing-group-is-open-for-registration/