Re: Bodoh Sinkies conned by M'sian condo developer. Again.
i hope they wont do the indo style and burn
i hope they wont do the indo style and burn
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Singaporeans conned by M'sian condo developer. Again.
- Thread starter Confuseous
- Start date
- Joined
- Apr 13, 2011
- Messages
- 298
- Points
- 18
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
This information gap is one of the many reasons why there is still a lot of potential for property price increase in JB. By end of this year, RTS station location will be firmed up, construction will start and target completion by 2018/2019. I think most investors have factored in delays in such projects. Remember a few years back, we were waiting 'patiently' for the completion of EDL and coastal highway.... and anxious about toll rates?
There is much develooment in the economic front - education ( many ppl still unaware of the few reputable UK universities operating in Nusajaya. ), attractions ( legoland, legoland water theme park, hotel ..etc) , oil and gas industry ( huge billion dollars development happening....not just talk)...etc . These developments will create jobs, and demand for housing.
On KSL d'esplanade, I think it is too quick to conclude that it is a failure. No doubt, there is delay, mostly affecting those who purchased in 2009 ( very brave ppl). i believe most bought from 2010 onwards. Developer is obligated to deliver within 3 years from SPA date..., after which , there is compensation. ...... Got to blame the sales ppl for over promising. KSL is doing well financially... its share price has increased steadily from RM1.2-1.4 , to as high as RM2.3 recently. See The Edge Malaysia article in Mar 2013 (target price RM2.6) . It has a decent landbank and several new projects in JB. It will be suicidal to screw up on this project ! I believe that the project will surely be completed and hopefully soon (more optimistic now that the cranes are down). And hope KSL will compensate those who waited more than 3 years.....
Those who missed out on JB will have to wait for perhaps Indonesia in future.....
This information gap is one of the many reasons why there is still a lot of potential for property price increase in JB. By end of this year, RTS station location will be firmed up, construction will start and target completion by 2018/2019. I think most investors have factored in delays in such projects. Remember a few years back, we were waiting 'patiently' for the completion of EDL and coastal highway.... and anxious about toll rates?
There is much develooment in the economic front - education ( many ppl still unaware of the few reputable UK universities operating in Nusajaya. ), attractions ( legoland, legoland water theme park, hotel ..etc) , oil and gas industry ( huge billion dollars development happening....not just talk)...etc . These developments will create jobs, and demand for housing.
On KSL d'esplanade, I think it is too quick to conclude that it is a failure. No doubt, there is delay, mostly affecting those who purchased in 2009 ( very brave ppl). i believe most bought from 2010 onwards. Developer is obligated to deliver within 3 years from SPA date..., after which , there is compensation. ...... Got to blame the sales ppl for over promising. KSL is doing well financially... its share price has increased steadily from RM1.2-1.4 , to as high as RM2.3 recently. See The Edge Malaysia article in Mar 2013 (target price RM2.6) . It has a decent landbank and several new projects in JB. It will be suicidal to screw up on this project ! I believe that the project will surely be completed and hopefully soon (more optimistic now that the cranes are down). And hope KSL will compensate those who waited more than 3 years.....
Those who missed out on JB will have to wait for perhaps Indonesia in future.....
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Definitely, those who vested in nusajaya can definitely wait for the appreciation handsomely.
Definitely, those who vested in nusajaya can definitely wait for the appreciation handsomely.
- Joined
- Jun 8, 2012
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Yes, the bubble in Vietnam burst and prices have dropped from that year to an all time low. It will not get much cheaper as the drop is smaller now. It is looking like Johor at one time when the government policies screwed the property markets and for years, the property in Johor is cheap and still hard to find buyers.
Some properties in Vietnam is really nice but just that the country is very poor and unless they can attracts more international investors just like Iskandar, then really even at cheap price, nobody wants to buy as the rental yield is not attractive. At USD 100k, can buy a brand new 6 rooms landed with 4 bedrooms and roof garden just outside of HCM and wait for development. I don't see ghost cities here in Vietnam, just not many international investors investing enough to support the property market which is out of reach of most local Vietnamese. In Sgland, cannot buy enough a 2-room 99 year LH old Hdb flat.
Yes, the bubble in Vietnam burst and prices have dropped from that year to an all time low. It will not get much cheaper as the drop is smaller now. It is looking like Johor at one time when the government policies screwed the property markets and for years, the property in Johor is cheap and still hard to find buyers.
Some properties in Vietnam is really nice but just that the country is very poor and unless they can attracts more international investors just like Iskandar, then really even at cheap price, nobody wants to buy as the rental yield is not attractive. At USD 100k, can buy a brand new 6 rooms landed with 4 bedrooms and roof garden just outside of HCM and wait for development. I don't see ghost cities here in Vietnam, just not many international investors investing enough to support the property market which is out of reach of most local Vietnamese. In Sgland, cannot buy enough a 2-room 99 year LH old Hdb flat.
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Hi schtaw,
U sound like a Veteran in real estate.
I will like to seek advise on how to know the launch price and present selling price of St Regis, Reflection, etc to compute the losses of $300k-$1m.
I am not trying to refute your figures here but as someone whom is not as experienced as you,
May I know where to get such data so I can avoid pitfalls.
I agree RM1000++ psf for today's johor project is very very very HIGH RISKS given the rental market is a 50-50 chance here.
Thanks in advance!
Hi schtaw,
U sound like a Veteran in real estate.
I will like to seek advise on how to know the launch price and present selling price of St Regis, Reflection, etc to compute the losses of $300k-$1m.
I am not trying to refute your figures here but as someone whom is not as experienced as you,
May I know where to get such data so I can avoid pitfalls.
I agree RM1000++ psf for today's johor project is very very very HIGH RISKS given the rental market is a 50-50 chance here.
Thanks in advance!
- Joined
- Dec 2, 2012
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- 2,510
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- 48
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Just pay for the data. (SG property only)
I paid $959 a year. (I am not a agent)
You can see people losing their pant on some landed deal.
They provide the unit number too. Hence you can see same unit change hand a few times.
If you want the date, just subscribe and pay. And when you see the money some can lose, you will be very carful about real estate.
http://www.streetsine.com/
If you really want to see the big game property play, subscribe to the HK version. About $450 per month. And you will know how naive a veteran property investor can be.
In HK, some veteran can became bankrupt and become rich overnight. Recent curb in Hong Kong retail market hit some investors even with deep pocket. Price drop 15% already in HK retail. 15% of some units is more than $3m lose in Singapore dollar term.
Tip:
1 Never believe rental return
2 Never over leverage
PS: for those whom do not like my posts, please do not worry. I will not post much in future, probably will TCSS more in the Courtyard thread.
Just pay for the data. (SG property only)
I paid $959 a year. (I am not a agent)
You can see people losing their pant on some landed deal.
They provide the unit number too. Hence you can see same unit change hand a few times.
If you want the date, just subscribe and pay. And when you see the money some can lose, you will be very carful about real estate.
http://www.streetsine.com/
If you really want to see the big game property play, subscribe to the HK version. About $450 per month. And you will know how naive a veteran property investor can be.
In HK, some veteran can became bankrupt and become rich overnight. Recent curb in Hong Kong retail market hit some investors even with deep pocket. Price drop 15% already in HK retail. 15% of some units is more than $3m lose in Singapore dollar term.
Tip:
1 Never believe rental return
2 Never over leverage
PS: for those whom do not like my posts, please do not worry. I will not post much in future, probably will TCSS more in the Courtyard thread.
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
i will never invest in malaysia.
Malaysia is only good for buying cheap stuff and eating durians and relaxing.
Never ever invest there.
Majority will lose money.
Look at their people and how the country is run; iskandar will rot away after 10 yrs just like many of malaysia mega projects.
After building it they will not maintain it and let it rot away.
i will never invest in malaysia.
Malaysia is only good for buying cheap stuff and eating durians and relaxing.
Never ever invest there.
Majority will lose money.
Look at their people and how the country is run; iskandar will rot away after 10 yrs just like many of malaysia mega projects.
After building it they will not maintain it and let it rot away.
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
i would rather buy an apartment in sydney, melbourne or auckland. At least the people there are more trustworthy and have brains. They also take care of their environment.
i would rather buy an apartment in sydney, melbourne or auckland. At least the people there are more trustworthy and have brains. They also take care of their environment.
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Australia is in the decline. Moreover I don't like their racists attitude towards Asians. Holiday maybe, but no way I will invest in Australia.
Australia is in the decline. Moreover I don't like their racists attitude towards Asians. Holiday maybe, but no way I will invest in Australia.
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Oh dear, peter lim, temasek, capital land shld have consulted you first. they will regret their decision to invest in iskandar for the rest of their life
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
you left out Robert Kwok, the long lost Malaysian son who returned to Nusajaya 'all of a sudden'
you left out Robert Kwok, the long lost Malaysian son who returned to Nusajaya 'all of a sudden'
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- Joined
- Apr 13, 2011
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
want to add that many of us who have invested in recent years were once sceptical on the development and potential of Iskandar, and some may even have prior bad experiences ........we have since been converted....
want to add that many of us who have invested in recent years were once sceptical on the development and potential of Iskandar, and some may even have prior bad experiences ........we have since been converted....
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
You have hit e point. It is v hard to own a freehold private or landed propery in Singapore now, especially those above 1,000 sqft for condo or 2,000 sqft for landed. More Singaporeans will buy properties in JB for own use.
You have hit e point. It is v hard to own a freehold private or landed propery in Singapore now, especially those above 1,000 sqft for condo or 2,000 sqft for landed. More Singaporeans will buy properties in JB for own use.
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Are they going to sell the motorcity, medical centres, hospital?
Are they going to sell the motorcity, medical centres, hospital?
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
1. Not sure about motorcity but medical suites and medical centres can definitely be sold. 1 unit at mt e in spore currently goes for 8-10million.
2. All the talk of medical suites/medical centre etc.. Are to draw in the condo buyers now. They will only build the motorcity/hospital later if and only if there are enough people staying there. In malaysia, they can always change their minds later.
1. Not sure about motorcity but medical suites and medical centres can definitely be sold. 1 unit at mt e in spore currently goes for 8-10million.
2. All the talk of medical suites/medical centre etc.. Are to draw in the condo buyers now. They will only build the motorcity/hospital later if and only if there are enough people staying there. In malaysia, they can always change their minds later.
Re: Bodoh Sinkies conned by M'sian condo developer. Again.
yup.
Just like batam/binatn ppty in the 1990s
yup.
Just like batam/binatn ppty in the 1990s
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Re: Bodoh Sinkies conned by M'sian condo developer. Again.
Anybody who pays thousands of dollars upfront for a house/apartment that is not even constructed yet deserves to be conned. That's the price one pays for greed!
Anybody who pays thousands of dollars upfront for a house/apartment that is not even constructed yet deserves to be conned. That's the price one pays for greed!
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