Puteri Harbour Community

[Funniman]

One of the problems in this band wagon investment is people tend to over buy and hope to flip and gain quick money. Of late, we see some posts that buyers are thinking of giving up a unit or two, not getting high mortgage to cover the purchases, etc. And there are news that Pinetree is not selling really well though it tried to project it had been wholly sold, there are some unsold units still in Teega, even Encorp has couple of units too.

One fear is there are too many investors and when the projects are completed, many units would be out in the market. Rentals and subsale would suffer. Easily 50% of the units would be unoccupied, thus the local population would suffer.

Investment is a very personal and no one have the same investment criteria. That's my 2 sen worth.

Good views.

Iskandar is a good bet. How many times in your life can you get a chance to invest in an emerging metropolis???

 

[1nottiboy]

Hi All, newbie question. If the developer accepts your cheque and agrees to reserve your preferred unit and promises to give you the S&P when it is officially launched, is it most likely a done deal? I know anything can change as long as the S&P is not signed. Common practise in MY? thanks in advance

 

[sgtsk]

One of the problems in this band wagon investment is people tend to over buy and hope to flip and gain quick money. Of late, we see some posts that buyers are thinking of giving up a unit or two, not getting high mortgage to cover the purchases, etc. And there are news that Pinetree is not selling really well though it tried to project it had been wholly sold, there are some unsold units still in Teega, even Encorp has couple of units too.

One fear is there are too many investors and when the projects are completed, many units would be out in the market. Rentals and subsale would suffer. Easily 50% of the units would be unoccupied, thus the local population would suffer.

Investment is a very personal and no one have the same investment criteria. That's my 2 sen worth.

One other concern is the forming of critical mass for sustainable economic activities seems lagging behind the huge volume of residential properties coming online. No doubt we are seeing the fruition of theme parks and universities and colleges, but some of these lead fair whether existence. Notwithstanding all the concerns and should any unforseen setback happen, IMHO Nusajaya should at very least survive quite well as foreingner second home or/and retirement town/city for some years to wait to charge second time.

 

[wolverine23]

I think one of the problems with Johor ppty is that it is hard to sell off. 1 point is because the banks usually do not match asking prices....

It is best to take a long term view (ie. 10 years) to see some significant gains...

One of the problems in this band wagon investment is people tend to over buy and hope to flip and gain quick money. Of late, we see some posts that buyers are thinking of giving up a unit or two, not getting high mortgage to cover the purchases, etc. And there are news that Pinetree is not selling really well though it tried to project it had been wholly sold, there are some unsold units still in Teega, even Encorp has couple of units too.

One fear is there are too many investors and when the projects are completed, many units would be out in the market. Rentals and subsale would suffer. Easily 50% of the units would be unoccupied, thus the local population would suffer.

Investment is a very personal and no one have the same investment criteria. That's my 2 sen worth.

 

[menghuii]

I think one of the problems with Johor ppty is that it is hard to sell off. 1 point is because the banks usually do not match asking prices....

It is best to take a long term view (ie. 10 years) to see some significant gains...

if one has gone to puteri harbour to purchase a property and after having seen the place and do not want to at least live there for some years when it's ready but simply hope to flip or subsale should not complain if they cant profit much or any at all after a few years. we jolly well know it is an empty land from the start and it obviously going to take years for the place to be developed but for those who only simply want to make money and simply not interested staying there at all should be better off putting their monies somewhere else.

 

[Funniman]

Many salesmen does that trick. They collect your cheque and say not to worry, when it is officially launched, they will key in your name. Problem is all the other salesmen will do the same and all all reserve the same unit. So in the end, there's no deal. You must get the "Offer to Purchase / Sale" letter as an interim booking measure while waiting for the process of S & P to go through.

Hi All, newbie question. If the developer accepts your cheque and agrees to reserve your preferred unit and promises to give you the S&P when it is officially launched, is it most likely a done deal? I know anything can change as long as the S&P is not signed. Common practise in MY? thanks in advance

 

[Dfiris]

Hopefully when Somerset is completed, we will have a long row of alfresco dining similar to that of Quayside Isle in Sentosa, saw that in The Edge, pretty exciting.

 

[wolverine23]

It's an acquired skill to be able to get choice units from new launches..... not easy...

Many salesmen does that trick. They collect your cheque and say not to worry, when it is officially launched, they will key in your name. Problem is all the other salesmen will do the same and all all reserve the same unit. So in the end, there's no deal. You must get the "Offer to Purchase / Sale" letter as an interim booking measure while waiting for the process of S & P to go through.

 

[DCputeri]

Anyone has news on the ferry service at PH?

 

[Valdez]

Anyone has news on the ferry service at PH?

CIQ up and operationally ready.

 

[1nottiboy]

Many salesmen does that trick. You must get the "Offer to Purchase / Sale" letter as an interim booking measure while waiting for the process of S & P to go through.

Thank you for your answer. I did the booking directly with the developer at the developer's office so I am keeping my fingers crossed. But if they do play me out in the end then so be it. I am actually almost fully invested in SG anyway. So if it doesnt happen, its good for my cash flow actually.

 

[btravelling]

Came across these units in Ujana up the road 8 minutes from Puteri Harbour recently put up for rent, people who know the rental market do you think the pricing is realistic, 3.84 & 3.92 sqft for 900 & 1150 sqft units?

http://www.propertyguru.com.my/prop...cutive-apartment-east-ledang-for-rent-1915925

http://www.iproperty.com.my/propertylisting/1904739/Nusajaya_Condominium_ForRent

 

[shctaw]

Those whom bought below RM1k psf is sitting pretty.

I think developers like UEM will profit most rather than small timers like us in Puteri Harbour where they can sell and sell and sell.

If you draw a plot of land to build 1000 units in PH, you can probably draw up to 10 or more plots.

PH is beautiful. I have been there too. But the endless land really frighten me.

Not everyone have endless bullet in property investment, but try not to miss too many time.
It really make you give up totally. And you maybe giving up what you do best in life just because of a misfire.

 

[gooddebt]

"Those whom bought below RM1k psf is sitting pretty.

I think developers like UEM will profit most rather than small timers like us in Puteri Harbour where they can sell and sell and sell.

If you draw a plot of land to build 1000 units in PH, you can probably draw up to 10 or more plots.

PH is beautiful. I have been there too. But the endless land really frighten me.

Not everyone have endless bullet in property investment, but try not to miss too many time.
It really make you give up totally. And you maybe giving up what you do best in life just because of a misfire."

Actually land is endless in the whole of Iskandar. For Puteri Harbor, land that is bordering the marinas is limited and thats where the value lies. It is not endless.

 

[shctaw]

"Those whom bought below RM1k psf is sitting pretty.

I think developers like UEM will profit most rather than small timers like us in Puteri Harbour where they can sell and sell and sell.

If you draw a plot of land to build 1000 units in PH, you can probably draw up to 10 or more plots.

PH is beautiful. I have been there too. But the endless land really frighten me.

Not everyone have endless bullet in property investment, but try not to miss too many time.
It really make you give up totally. And you maybe giving up what you do best in life just because of a misfire."

Actually land is endless in the whole of Iskandar. For Puteri Harbor, land that is bordering the marinas is limited and thats where the value lies. It is not endless.

Then again, how much will you pay?
RM1500 psf? RM2000 psf?
Is it safe bet on those price?
Or maybe landed will have better return, better margin of safety?

I am saying is the price that PH is asking NOW, can you buy a better value property elsewhere.

 

[gooddebt]

well, you certainly did not mention that you are talking abt CURRENT prices. You had emphasised on PH land being endless which is not entirely correct as I had explained.

 

[shctaw]

well, you certainly did not mention that you are talking abt CURRENT prices. You had emphasised on PH land being endless which is not entirely correct as I had explained.

Time will tell....

Right or wrong you will know when you sell.

 

[KKsama]

Anyone has news on the ferry service at PH?

I heard that RWS running private ferry for expat employees from Puteri Harbour to Harbourfront. Anyone know if true?

 

[gooddebt]

Time will tell....

Right or wrong you will know when you sell.

Of course I know when I sell. Hope u won't regret when its yr turn to sell.

 

[wolverine23]

Hopefully all who are vested (in any part of Iskandar) now can sell for at least double the purchase price.... then all happy.... but of course, some might still regret selling if it goes up 3 or 4 x more