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.....
There are still many frogs in the well. There are still some who think the very second they cross the causeway, they will be mugged, stabbed, shot, raped etc.