Senibong Cove

[rainbow]

i think overall looks awesome... wish i had foresight to buy early at cheap prices.. enjoy!

Like what the other brother said, still not too late. I just bought a waterfronting terrace house very recently. If the villas on the Island appear too costly, go for the Phase I waterfronting Semi-D. It's still around RM2 million to RM 2.2 million. I think there are 2 units available on iproperty ad. If I had not committed earlier an old single-storey bungalow at Taman Kebun Teh, I would have gone for the Semi-D here. Of course, the old bungalow with a relative large piece of land would also have tremendous price appreciation potential.

As I have mentioned earlier, the river between the waterfronting houses and the mangrove swamp is at least easily 300 ft wide and is a natural waterway. It gives you tremendous view and sense of space which you don't get elsewhere. I quite strongly believe, when the houses on the Island are completed, the Phase I houses will enjoy another great spike in prices together with the newly completed ones.

The focus has started to move to cover JB city centre now, which until lately has been neglected by Singaporean investors. With the new launches in Danga Bay more recently, JB city centre has begun to appear on radar screen of Singaporean & international investors. After all it is the CBD of JB. You know when I saw my Kebun Teh Title Deed, it shows Munkim (District): "Johor Bahru". I was almost feeling like owning a piece of Singapore property with District: "Orchard Road". Ha ha! Anyway, Senibong Cove, for all intent and purposes, is as good as in JB City Centre with the travelling time to CIQ as 8 minutes. You just have to invest properties in the city centre, no matter where you invest in the world. When I visited my lawyer in JB a few days ago, he told me he was going over to Singapore later to be present in a launch of a block of apartments (without car parks) along Jalan Wong Ah Fook marketing at RM 900 to 1,200 psf. There you go!

 

[malpaso]

Secondary markets will be not so worth it as the initial entry price is pretty low.. Not too sure even whether the bank can match it or not considering the current market prices.

the JB market is still in its' infancy, but moving swiftly to matured market status. it will take 10 years. but in time when all the central location is taken up and with many of the g&g strata housing estates owners paying to properly maintain the properties, the secondary market will come into it's own. so now is still good to buy new.
one of the reason many don't like to buy resale is the feeling of 'overpaying' to the first owners to benefit them. however in places like KL (matured estates in PJ), we all will have to buy 2nd hand homes if we want to stay there cos all built up already- new houses are all located far away in shah alam, putra heights, cyberjaya etc.

 

[malpaso]

Like what the other brother said, still not too late. I just bought a waterfronting terrace house very recently. If the villas on the Island appear too costly, go for the Phase I waterfronting Semi-D. It's still around RM2 million to RM 2.2 million. I think there are 2 units available on iproperty ad. If I had not committed earlier an old single-storey bungalow at Taman Kebun Teh, I would have gone for the Semi-D here. Of course, the old bungalow with a relative large piece of land would also have tremendous price appreciation potential.

As I have mentioned earlier, the river between the waterfronting houses and the mangrove swamp is at least easily 300 ft wide and is a natural waterway. It gives you tremendous view and sense of space which you don't get elsewhere. I quite strongly believe, when the houses on the Island are completed, the Phase I houses will enjoy another great spike in prices together with the newly completed ones.

The focus has started to move to cover JB city centre now, which until lately has been neglected by Singaporean investors. With the new launches in Danga Bay more recently, JB city centre has begun to appear on radar screen of Singaporean & international investors. After all it is the CBD of JB. You know when I saw my Kebun Teh Title Deed, it shows Munkim (District): "Johor Bahru". I was almost feeling like owning a piece of Singapore property with District: "Orchard Road". Ha ha! Anyway, Senibong Cove, for all intent and purposes, is as good as in JB City Centre with the travelling time to CIQ as 8 minutes. You just have to invest properties in the city centre, no matter where you invest in the world. When I visited my lawyer in JB a few days ago, he told me he was going over to Singapore later to be present in a launch of a block of apartments (without car parks) along Jalan Wong Ah Fook marketing at RM 900 to 1,200 psf. There you go!

what you say is true, choice locations in JB were taken up decades ago so if you want to buy there, just hve to fork out todays' prices. i remember seeing those bungalows along jln straits view, high on the hill overlooking danga bay, but i saw them 26 years ago when i was studying and riding around on my 'cub-chai'. even at that time i thought to myself, wow must be cool to live in a house overlooking the sea. Now 26 years on, i'm sure the same bungalows are now 4-5m RM or more. i think if it's a choice real estate, can't go wrong in the long term.

 

[cow138]

what you say is true, choice locations in JB were taken up decades ago so if you want to buy there, just hve to fork out todays' prices. i remember seeing those bungalows along jln straits view, high on the hill overlooking danga bay, but i saw them 26 years ago when i was studying and riding around on my 'cub-chai'. even at that time i thought to myself, wow must be cool to live in a house overlooking the sea. Now 26 years on, i'm sure the same bungalows are now 4-5m RM or more. i think if it's a choice real estate, can't go wrong in the long term.

Agree.. but if got chance better buy new. Especially now when the market is still kinda in its infancy. I agree that that market is starting to move eastwards from Horizon Hill. Those prices over there are spiking quite high already. With slow development and lots of empty land,. I think it's not as attractive as at the city centre and the eastern side.
Especially if they can clean up the city area.. it's improving but still needs some work.

 

[rainbow]

Agree.. but if got chance better buy new. Especially now when the market is still kinda in its infancy. I agree that that market is starting to move eastwards from Horizon Hill. Those prices over there are spiking quite high already. With slow development and lots of empty land,. I think it's not as attractive as at the city centre and the eastern side.
Especially if they can clean up the city area.. it's improving but still needs some work.

Senibong Cove in the East is an owesome place, as commented by another brother. It has the best of both worlds: it is like living in the city centre as far as travelling time of 8 minutes is concerned, yet you enjoy the serenity and idyllic environment of a cove! Not just the waterfront feel is unique and beautiful, the dedicated exit from the highway that serves only the estate is priceless! Really, travelling to Senibong Cove to me is almost like being transported directly from Singapore to an Australian waterfront resort via a direct highway. You don't get that kind of road arrangement anywhere in Singapore or Malaysia. I think just this alone should accrue a lot of premium to this estate. Once more Singaporeans realise be aware of this place, it should fetch much higher prices that it is now!

 

[rainbow]

Agree.. but if got chance better buy new. Especially now when the market is still kinda in its infancy. I agree that that market is starting to move eastwards from Horizon Hill. Those prices over there are spiking quite high already. With slow development and lots of empty land,. I think it's not as attractive as at the city centre and the eastern side.
Especially if they can clean up the city area.. it's improving but still needs some work.

Senibong Cove in the East is an owesome place, as commented by another brother. It has the best of both worlds: it is like living in the city centre as far as travelling time of 8 minutes is concerned, yet you enjoy the serenity and idyllic environment of a cove! Not just the waterfront feel is unique and beautiful, the dedicated exit from the highway that serves only the estate is priceless! Really, travelling to Senibong Cove to me is almost like being transported directly from Singapore to an Australian waterfront resort via a direct highway. You don't get that kind of road arrangement anywhere in Singapore or Malaysia. I think just this alone should accrue a lot of premium to this estate. Once more Singaporeans realise be aware of this place, it should fetch much higher prices that it is now!

 

[cow138]

Senibong Cove in the East is an owesome place, as commented by another brother. It has the best of both worlds: it is like living in the city centre as far as travelling time of 8 minutes is concerned, yet you enjoy the serenity and idyllic environment of a cove! Not just the waterfront feel is unique and beautiful, the dedicated exit from the highway that serves only the estate is priceless! Really, travelling to Senibong Cove to me is almost like being transported directly from Singapore to an Australian waterfront resort via a direct highway. You don't get that kind of road arrangement anywhere in Singapore or Malaysia. I think just this alone should accrue a lot of premium to this estate. Once more Singaporeans realise be aware of this place, it should fetch much higher prices that it is now!

Can't really argue with that. It's a unique development. That's for sure.

Just wonder how much will the October budget announcement affect the property market in Johor?

 

[rainbow]

Can't really argue with that. It's a unique development. That's for sure.

Just wonder how much will the October budget announcement affect the property market in Johor?

We probably need not be too worried about the October budget or the govt policies. Iskandar in fact has just only taken off after conceptualisation in 2006, with the completion of some major/key projects recently. Its targeted completion date of the entire development is 2025. Thus it is still early stage of development, and I don't think they want to risk halting the growth now that it's has just taken off, after spending great efforts to promote the development to overseas investors. They must be aware of the failure of the what "Multi-Media Super Corridor" in KL which has disappeared into thin air to know that it is not easy to get a major investment/development project to achieve a certain self -sustaining momentum. They probably know Iskandar project has just crossed that threshold. To kill it now when it is just 20% to 30% completed would be very foolish. The govt is also getting a lot of revenue from stamp duties, sale of lands etc which is very crucial to their coffers. They are suffering from budget and current account deficits, which should steer them to keep this pipeline of funds open.

Of course they are capable of doing silly and illogical things. Let's hope wisdom and realisation of necessity for funds will prevail.

 

[rainbow]

In fact, I am tempted to think JB house prices now will be affected more by the Singapore economy and its policies!

 

[alnine]

Politics is politics. Many things can happen and Malaysia does have a reputation of doing things their way.

 

[Jetstream]

PolitIcs is politics. Many things can happen and Malaysia does have a reputation of doing things their way.

Agree totally. M'sian politics is motivated by a whole array of considerations that sometimes seem incomprehensible from the perspective of outsiders. LKY's "stroke of a pen" remark about the capriciousness of M'sian policies comes to mind.... Anyway, this shld bein the politics thread and I digress...

Back to SC... anyone knows if the construction cranes for the apts are up yet?

 

[potter]

Agree totally. M'sian politics is motivated by a whole array of considerations that sometimes seem incomprehensible from the perspective of outsiders. LKY's "stroke of a pen" remark about the capriciousness of M'sian policies comes to mind.... Anyway, this shld bein the politics thread and I digress...

Back to SC... anyone knows if the construction cranes for the apts are up yet?

not yet, didnt see it ytd.

 

[cow138]

Haha. Thanks for reminding me about the stroke of a pen quote. It's a reality that is a problem especially with Johor.

 

[rainbow]

what you say is true, choice locations in JB were taken up decades ago so if you want to buy there, just hve to fork out todays' prices. i remember seeing those bungalows along jln straits view, high on the hill overlooking danga bay, but i saw them 26 years ago when i was studying and riding around on my 'cub-chai'. even at that time i thought to myself, wow must be cool to live in a house overlooking the sea. Now 26 years on, i'm sure the same bungalows are now 4-5m RM or more. i think if it's a choice real estate, can't go wrong in the long term.

Oh boy! You can't get those beautiful black & white bungalows along Jln Straits View for those prices you mentioned now. It must be a lot more. That is the stretch the Sultan and the old-money of JB stay. That is the prime of the prime of JB real estate! All those colonial buildings were all first built by the British Officials. They were smart people who truly knew where the best spot of JB was. I guess they did not occupy almost half the world during those heydays of theirs for no good reasons!

 

[malpaso]

Oh boy! You can't get those beautiful black & white bungalows along Jln Straits View for those prices you mentioned now. It must be a lot more. That is the stretch the Sultan and the old-money of JB stay. That is the prime of the prime of JB real estate! All those colonial buildings were all first built by the British Officials. They were smart people who truly knew where the best spot of JB was. I guess they did not occupy almost half the world during those heydays of theirs for no good reasons!

so it's worth more... i searched online but did't find any. how much are they? probably money can't buy..

 

[cow138]

I think those houses on the hill is asking about 5 to 6 million. According to those in the know, those old houses seems to be belong to retired civil servants.

 

[rainbow]

so it's worth more... i searched online but did't find any. how much are they? probably money can't buy..

Haven't seen any for sale. But the lesser new G&G bungalows further up the hill ,and kind of hidden by the trees at Jln Straits View ( Peak Straits View 8) overlooking Danga Bay , with smaller lands of around 6,000 sf are advertised for RM 5.7 million.

 

[cow138]

Surprisingly there's not much advertisement for Senibong cove in Singapore.

Heard from the sales folks that they will be starting to promote this development in Singapore soon. probably next 2 week. Watch for it. Once Singapore buyers get wind of this, the demand will shoot up. Attention is already starting to shift to the east. Also coastal development is still pretty rare.

 

[Jetstream]

I think the last time I saw an ad in the Sg papers for SC was for the wkend launch in Sg of the wateredge apartments twr B in Oct last year.

From what I heard from the sales team, they did not need to advertise much if at all in Sg as most of the buyers were M'sian. Maybe it's bcoz of its relative proximity to the more traditional residential areas of JB (eg. Permas Jaya).

 

[cow138]

Apparently the development by Mah Sing. Meridian at Senibong is abandoned due to not able to get approval from the surrounding developers on some Road access.

A bit unfortunate as it will be good to have some deep pocket developers around that region. Seems like only Walker and BRDB will be active currently.

Anyone know of any other developers committed in that location?