I agree. Malaysian govt must insist reprinting every 5 years like in Singapore. But some places like leisure farm , though more than 10 years still look very nice.
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Puteri Harbour Community
- Thread starter Qube3
- Start date
I agree. Malaysian govt must insist reprinting every 5 years like in Singapore. But some places like leisure farm , though more than 10 years still look very nice.
I mean repainting
RM1000 per sq ft by 2018? Its already way pass RM1000 now in 2012......
They have not even cashed my cheque yet.
Well we are talking about the income-price ratio, on the safety net price, supported by the iskandar income-ratio formula. Don't forget Lot 1 at the water front by the HK group-Msia link MNC, many years ago reached Rm1200 then collapsed, today its a white elephant, can't even sell now at Rm300psf. That's facing directly the Singapore woodlands view. So we can't help those suckers that insist on buying at Rm1200.
Think that is an exception. Bad planning and bad location as a shopping mall.
Nusajaya, will be the next affluent township in Malaysia. Just like KL's Mont Kiara.
Singapore's manufacturing will move into business parks here to take advantage of the lower cost.
Education campus who favors vast space will attract students all over the world.
Retirees from as far as Europe, will move in to utilize the medical facilities, nursing care.....and the harbour to moor their private yacht.
Singapore's manufacturing will move into business parks here to take advantage of the lower cost.
Education campus who favors vast space will attract students all over the world.
Retirees from as far as Europe, will move in to utilize the medical facilities, nursing care.....and the harbour to moor their private yacht.
Weekend getaways meant spending time at Legoland, Puteri Harbour, shopping at commercial malls, International Destination Resort. No need to travel to Bangkok, Port Dickson or Malacca. It is right here!
There is no mistake. As long as Singapore suburb is selling for ave. S$1,200psf, there will be ample demand for Nusajaya at Rm$1,200psf.
There is no mistake. As long as Singapore suburb is selling for ave. S$1,200psf, there will be ample demand for Nusajaya at Rm$1,200psf.
The Hong Kong Investors abandoned the project int he 1990s, rite? Shopping complex?
Nusajaya have different levels of pricing. Eg. PH will command higher price compared to Medini. There are properties which has the extra wow factor while there are some properties which are just moderate. With so many condos coming up at the same time, it be very risky to try to buy at high prices if it is just another one of them.
So if the price is RM1200psf, is it feasible? Yes if it is for long term and for investment with good holding power. Location is very important. That is what it makes it different from others. Not recommended if you are trying to flip with limited bullets at these high prices.
That's my views. Maybe you guys have different views.
There's no free lunch. Discounts/freebies/DIBS are all built into the selling price. What the developer adds on, the bank deducts accordingly to calculate loan margin
Heard sunrise will honour the indicative price. So no worries everyone
Banks process loans according to real market value and also to the applicant's exposure to existing loans.
They do not care about the inflated developer's price. So do not think you buy RM1.0m they will loan you 80% of RM1.0m ie RM800k. They would take a discount of the inflated value to say RM900K and then based on 80% of the RM900k which means your loan would be RM720k.
Alot of cheap money going around. Interest earned below 1% in spore. With that kind of scenario, it make sense to invest in properties/stock market. Properties will always appreciate. Just look at iskandar region or even at Taman Daya and Spore. Having said that, of course one get their numbers or sum right. And not all the investors are from Spore. Wait till sporean wake up, and start rushing into it, RM1000 is history, imo.
Yes I support your view, in investing in equity and property as there's cheap money as the Fed (US) is printing at full steam ahead heading towards the "banana republic". This would be the final nail in the coffin for the Western Nations. We in the East need not worry as its now the rise of China, India, Singapore, HK etc. Even Jim Rogers have completely transferred all his wealth out of the USA in Singapore/HK. Many westerners are also following. For now the price is fair value at Rm600psf but this would increase after the "correction crisis period when the DJIA crashes". I agree that in the long run Rm 1000 will be a long gone history, but for now, Rm600 is still the safety net price. To be even safer buy SP Setia at Rm400-450psf (Bukit Indah).
"Banks process loans according to real market value and also to the applicant's exposure to existing loans.
They do not care about the inflated developer's price. So do not think you buy RM1.0m they will loan you 80% of RM1.0m ie RM800k. They would take a discount of the inflated value to say RM900K and then based on 80% of the RM900k which means your loan would be RM720k"
Yes the banks look at the local "income-amenities-"real economy-and a secret formula" which is 100% not based on Singapore. Therefore, since the banks know that the "safety net" is at about Rm600psf, they trend not to want to lend too much above this safety psf. Thats why they are very sticky about how much they lend esp. for the "non-fundamental-local-based" price. Those who already bought a project at above the safety net, don't be too sad at least you can learn from this and you can still average out your investment by buying something at Rm400psf (clue is "Bukit Indah") that way Rm400+Rm1200=Rm1600/2=Rm800 average. Start Investing wisely next time !
They do not care about the inflated developer's price. So do not think you buy RM1.0m they will loan you 80% of RM1.0m ie RM800k. They would take a discount of the inflated value to say RM900K and then based on 80% of the RM900k which means your loan would be RM720k"
Yes the banks look at the local "income-amenities-"real economy-and a secret formula" which is 100% not based on Singapore. Therefore, since the banks know that the "safety net" is at about Rm600psf, they trend not to want to lend too much above this safety psf. Thats why they are very sticky about how much they lend esp. for the "non-fundamental-local-based" price. Those who already bought a project at above the safety net, don't be too sad at least you can learn from this and you can still average out your investment by buying something at Rm400psf (clue is "Bukit Indah") that way Rm400+Rm1200=Rm1600/2=Rm800 average. Start Investing wisely next time !
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Ya, no shortage of smarter Singaporeans/Singapore PR that know how to "vote out" non local supported fundamental price, thus they will be a % that will do this. Yes, also there will always be suckers that will also buy way way above this "safety net" price, which the smarter SG/SG PR will also be glad to watch them go buy and help pull up the prices...Hehe Thank you ah...
Hi, indeed it be great if the Msia gov can do such a law. but judging from experience, there aint going be such a law anytime soon, but we can suggest and I am sure they will look into it. Meanwhile, it is a generic problem in all malaysian property management issue. All dev will look horrible after 3 years UNLESS you get involved and do something about it urself ! therefore my advise is all owners of any dev in iskandar, a handful of owners should get together (consisting of Malaysians and Singaporeans) to safe guard your property from going to the dogs. So the future is in your hands...
Thats why Nusajaya will continue to grow provided it be able to sustain a very very gradual increase in price, 400 450 500 550 600 650 700 750 800 850 900 950 1000 1050 1100 1200 (That's 16 price brackets, 1 price up for every year per psf ). This way everyone makes money $$ , developers, government, lawyers, agents, owners etc as they be many transaction.
This cannot happen and not good if the price like this Rm600 -> Rm1300 (then those buy at Rm1300 will find it very hard to offload to the next "sucker"). Only the developer that got the sucker to buy at Rm1300 would have made a huge huge margin at the expense all all parties and short circuit the process by 16 years !
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