Property in Johor

[Porker]

i wouldn't think the developer is green horn but building for the sake of building so that can "makan" ... you know

a lot of projects in jb is not aim to be fully sold ... again ... you know

just look at danga bay ... 9000 units ... you think the chinese developer is stooopig

1 x danga bay = 9 x projects with 1000 units ... launched at once

after danga bay ... there is another chinese developer want to build bungalow on island like sentosa cove

 

 

Please share with us your fantastic theory of not building to sell all 😂 Edited April 29, 2015 by Porker

[Wt_know]

similar to your theory of why chinese developers like iskandar so much ... lol

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.

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a friend from msia advise if any project got govt involve ... better don't touch

govt project ... seaport - lose money, airport - lose money, plantation - lose money, mining - lose money

it's like making money is not an option ... lol

 

Please share with us your fantastic theory of not building to sell all 😂

 

Edited April 29, 2015 by Wt_know

[Kangadrool]

Target buyers renting out to OKT whom in turn turn them into chicken coop = serviced apartment.

 

largest unit is 900sqft? minus here minus there left < 800sqft?
target who?
msian will laugh at it ... smaller than pigeon hole
sporean want to buy johor property is no 2500sqft no talk or no landed no talk
target johor biz travellers as serviced apartment?
what the hell is johor developer smoking?

 

Edited April 29, 2015 by Kangadrool

[Porker]

similar to your theory of why chinese developers like iskandar so much ... lol

.

.

.

a friend from msia advise if any project got govt involve ... better don't touch

govt project ... seaport - lose money, airport - lose money, plantation - lose money, mining - lose money

it's like making money is not an option ... lol

 

 

You assumed my theory wrong. Mine involves making $$$

[Raptor22]

Local can now buy luxury condo at RM390 psf and foreigners can't buy anything below RM1m, what is going to happen to Singapore buyers of Iskandar properties?

 

Many bought multiple units @ RM1k psf and can't sell till TOP (mostly next year), they paid 15% down and rest by TOP, I wonder if there is a way to unwind.

 

From what I understand, only those developments launched after the announcement that foreigners can't buy properties below RM1m are affected, not those launched earlier. That means, foreigners can still buy unsold properties that was launced earlier from the developers.

 

Please confirm with legal advisers before putting any downpayment.

[Wt_know]

you assumed my theory wrong too ...

 

the developer is making money

the govt is making money

the main contractor is making money

 

declare = lose money

undeclare = make money (pocket full full liao)

 

so ... whether the project is 100% sold or not ... it's not important

 

You assumed my theory wrong. Mine involves making $$$

 

Edited April 29, 2015 by Wt_know

[Porker]

you assumed my theory wrong too ...

 

the developer is making money

the govt is making money

the main contractor is making money

 

declare = lose money

undeclare = make money (pocket full full liao)

 

so ... whether the project is 100% sold or not ... it's not important

 

 

I did not assume. You stated in clear concise English that lots of projects in JB is not aim to be fully sold. Maybe I'm stupid I don't understand your genious business mind

[Throttle2]

you assumed my theory wrong too ...

 

the developer is making money

the govt is making money

the main contractor is making money

 

declare = lose money

undeclare = make money (pocket full full liao)

 

so ... whether the project is 100% sold or not ... it's not important

 

 

So who lose money ah? Heeeeeeeee 😅😅😁😁

[Wt_know]

you no stupid la ...

i'm no genius ... else ... no need work liao ... can goyang kaki and smoke cigar liao

what do i know ... people buy and sell property and make money so easy and i can only see and suck thumb :(

 

I did not assume. You stated in clear concise English that lots of projects in JB is not aim to be fully sold. Maybe I'm stupid I don't understand your genious business mind

 

[Voodooman]

 

From what I understand, only those developments launched after the announcement that foreigners can't buy properties below RM1m are affected, not those launched earlier. That means, foreigners can still buy unsold properties that was launced earlier from the developers.

 

Please confirm with legal advisers before putting any downpayment.

Thanks, not looking to buy. Just curious how earlier buyers can get out. I have friends who bought multiple units and with local prices at RM390 psf, I will be sweating profusely if I were them. Problem is bo tenants, so holding cost will be high.

[Blackyv]

Wah sai, so complicated, build not to sell but for you know what???... I know the Chinese developers have their strategies, but the Malaysians? Please enlighten and share share....

 

In MY, if no project (any damn project will do) mean no mobney to siphon off. as simple as that..

[Mockngbrd]

Stay in JB muz build house like this one

[Thaiyotakamli]

Wow that house haha

 

Imagine thief coming in, u see the thief in ur courtyard running toward ur house

 

 

Then u quickly press the close button lol

[Thaiyotakamli]

Watch 28:00 onwards

 

http://youtu.be/vnxmZPoQJNA

[Myxilplix]

Just want to point out that the ports in Malaysia are making money, particularly the container ones like Tanjung Pelapas, Westports and Penang Port. They're being run as private corporations and Westports went public last year.

[Latio2005A]

Are you singing? Hahaha

 

 

 

Malaysias Johor Corporation (JCorp) will list an Islamic REIT with MYR900 million (SGD335 million) worth of assets by the third quarter of 2015, state news agency Bernama reported on 28 April citing JCorp chief executive Kamaruzzaman Abu Kasim.

The security, to be known as the Al-Salam Islamic REIT, will start with an initial portfolio of 31 properties including Johor Bahru properties Menara KOMTAR and the JB City Centre shopping mall.

Al-Salam REIT will be an Islamic REIT that will consist of Shariah-compliant commercial, retail,office, and industrial properties, said Kamaruzzaman.

If listed, this will be the second Islamic REIT listed by JCorp after Al-Aqar healthcare REIT which was established in 2006.

According to a timeline revealed by the company, prospectus for the REIT will be released in the June 2015 timeline followed by an initial public offering (IPO) of 580 million units. No details are given on the IPOs indicative pricing or tranche allocations.

Al-Salam REIT is forecast to give a yield of between 6 and 6.3% in its first year, said JCorp.

 

Source: reitweeks

 

 

 

 

 

 

6.3%? Wah

Ready to write off the investment a couple of years later.

 

Many non reit projects also promised 7 % returns for the first few years. What happened after tge over-priced purchase?

 

Listen to T2.

At 7%, you need only 10 years to recoup 100%. So good meh?

[TVT]

Good read:

 

http://www.themalaymailonline.com/malaysia/article/10-things-to-look-out-for-when-buying-property-in-malaysia

10 things to look out for when buying property in Malaysia

BY MELISSA CHI
May 03, 2015

A woman walks her dog at Desa Park City. — Pix by Yusof Mat IsaKUALA LUMPUR, May 3 — Everyone keeps saying the time to buy is now but with so many options and different factors in play, how do you make sure that you get the most bang for your buck when shopping for a piece of property?Chris Tan, property lawyer with Chur Associates.

Malay Mail Online spoke to Knight Frank Malaysia managing director Sarkunan Subramaniam, real estate lawyer Chris Tan and senior real estate negotiator at Property Hub, Roy Teo and found out the top 10 factors to look out for when hunting for the right piece of property.

10. Landscaping

A township with well-maintained landscape in Shah Alam.We are not just talking about the landscaping of the landed property or the compound the condominium sits on. It goes without saying that your property must be at least pleasant to look at and well kept.Knight Frank Malaysia managing director Sarkunan Subramaniam.

Sarkunan said the area or neighbourhood where the property is located has to be taken into account as well.

He said if the landscaping of the area is done right, it is a sign the local council is proactive. They will probably be on the ball when it comes to other issues as well.

9. No unplanned vacant land around

He also warned that buyers should be wary of all vacant land in the vicinity of the property, and find out if future construction will affect either road access or the view from your property. If there are no plans for the vacant land yet, he said it is best to stay away.

“Investigate, don’t be caught by surprise after you have moved in,” he said.

8. Gated or guarded community

The guardhouse of a gated community is pictured at Desa Park City, Kepong.Both Teo and Tan said gated communities are in demand. Very.

“It ties back to the fact that people have a fortress mentality. These days, people want to keep the riff raff out… Desa Park City is a good example,” Teo said, referring to the much sought-after enclave in Kepong.

According to Iproperty.com, some of its units (Safa) which were previously priced at RM450,000 are now going for RM1.2 million.

He said previous generations used to aspire to owning bungalows, a house in the middle of a big piece of land.

Today though, he said, those properties are much lesser in demand while he sees a rise in either condominiums or gated communities, which mostly have smaller plots of land, but with bigger build-ups.

7. Near international or high-performing Chinese schools

Teo said having a Chinese school in the neighbourhood adds “huge value” to properties nearby. For example, he said a Chinese school that has relocated to a new development that his company has recently launched in Cyberjaya has been its “biggest selling point.”

He said more non-Chinese families are also looking to move closer to these vernacular schools.

Tan, meanwhile, said that people want to be nearer to schools not only because they want to send their children there, but also to have a good support system among parents.

“If you want to do home schooling, you are better off in a neighbourhood where there are people with the same interest, for example.

“Another example, a popular Chinese school — Lai Meng — recently moved to Bukit Jalil from KL. If you want your kid to go to Lai Meng for example, you would move closer because you stand a better chance of getting a place in the school,” he said.

6. Who are your neighbours?

Tan, who is a regular speaker at property forums, said the neighbouring township is an important consideration when buying a home.

“Why Cyberjaya can work, it’s because it is next to Putrajaya. Why PJ can work because the neighbour is KL and why Iskandar Malaysia can work because the neighbour is Singapore.

“In that sense, the neighbour does play a part because you want to have the best of both worlds. Perhaps lower expenses on one side and high income on the other side,” he said.

Just as important, find out the racial composition as well as the job backgrounds of your neighbours, he added.

Whether you prefer a culturally mixed neighbourhood, or one that speaks only a particular language, or what kind of jobs your neighbours do, and if they are mostly tenants or owners… you need to do your homework.

5. Population growth

Tan also said it is important to observe if the population trend in the area is on an upward trend.

“At the end of the day, real estate is meant for human consumption. So the bigger the population, the higher chance of you getting a better return from your property investment,” he said.

He pointed out that with a bigger population, there will also be better supply services such as hypermarkets, clinics, laundry services and restaurants.

4. Central location or conveniently located

People jogging at a park in Desa Park City, Kepong.You don’t need to be a rocket scientist to figure out that the more centrally located a piece of property is, the higher in demand it is.

Teo also noticed that the trend has shifted and condominium units attached to malls are back in demand again because people want that sort of convenience.

“When you have strata properties on top of shops, those used to be cheap properties, you can see some in Chow Kit, Bukit Bintang... people didn’t want to stay in that kind of environment,” he noted.

He said the trend is back and is especially popular among the younger crowd who are looking for smaller units, about 1,000 square feet or studio sizes.

3. Infrastructure/connectivity

Picture shows a well-maintained road amid beautiful landscaping in Shah Alam.The real estate negotiator said connectivity is extremely important as more people move further away from central locations. People are moving to townships like Cyberjaya and Setia Alam because of the highways that now connect to the city.

Tan noted that most people do not want their homes to be too close to business activities but they do not want it to be too far away either, because they need the supply and services to be close.

People are willing to accept if their workplaces are slightly further away, as long as they are well connected by highways or LRT, MRT stops.

2. Reputable developer

Sarkunan said it is extremely important to buy from developers with a good track record and a practice of delivering on time with quality.

“It also must have a good following and someone who does not price their products to the maximum and allow for reasonable returns,” he said.

1. Location branding

Tan said branding of location can change, driven by “visionary developers” or plans.

“For example Sentul, many years ago, when we talk about Sentul, we have a certain perception about it. YTL changed the perception of that area and for all intents and purposes, Sentul is very arty farty now because of KLPAC, and it’s actually a very nice location because it is very close to the centre of action,” he said, referring to the KL Performing Arts Centre that is along Jalan Ipoh.

The property lawyer said that now would be the best time to buy with the launch of a slew of affordable housing schemes and the fact that home prices will not fall, especially when the country is only five years away from its ambition of becoming a developed nation.

[Thaiyotakamli]

Sell ur HDB now and move into this Senibong Cove Jb!