View Full Version : Iskandar property, really worth investing??
just offer alternative views for your consideration if you are thinking of investing in Iskandar.
personally, im not vested there and i have no intention even if it is very cheap. how cheap? FH semi-d can be as cheap as 300-400k sgd rite?
why not invest there?
1) political stability (foreign investment policies)
2) currency risk
3) security
4) seemingly unlimited supply
they build this plot, once sold out, build another one next to it, and then another one next to this....keep going, and by the time u want to sell, sell to who? maybe the developer is still launching till then....
So cheap, if next time cannot sell, just keep for retirement la...this is exactly the mentality that these big timers could be banging on...sound like a trap isnt it?? unless u are developers...:o
I think the Shenzhen-HK and Iskandar-Sg concept is similar in my opinion but, Mal is still Mal of the past and China is no longer China in the past, do we have to say much about this?? No need right, pretty obvious...:p So we cannot compare what happen to Shenzhen today, will be Iskandar tomorrow...:o
anyway, be cautious...nobody say u will not earn from buying penny stocks, they are cheap, and even the famous Ooi also buy into some. but they earn doesn't mean everyone of us will also earn...and when it falls, u know what will happen.
:2cents: just my opinion.
Shenzhen-HK is one country
Iskandar-Spore are two distinct sovereign entities.
I share the same concern about seemingly unlimited land supply. New development keep springing up one after another. I really wonder do we have so much demand to rent them out to. IMHO, only few very good located areas will make money. The bubble is now growing and I really wonder what happens when people realise there's too many units being built n few rental demands in reality.
beware when agents ask u to go up in foc tour bus..
lol... spend there for wat? havnt u heard abt 'ghost towns?'
heard abt crime rates?
heard abt any shopping malls? food centres?
rental yield?
Put money in 10yrs for say punggol.. compared to above.. which u tink is safer? easier access to ppty and accountability etc etc? rental income proven records??
Go ask ur trusted Malaysian friends first before u step into the sai kang... :D
Firstly, the land is so big. visualise the area as Singapore. It will be good if you buy a house at iskander's orchard area and if your development in their OCR then you can be in a dead town anytime.
They are so unregulated and dark. unless the projected upside is 100%
(realise upside could be 50%) else i will not go in. They authority there
can say anything and do anything they want.
wondering about resale market in Iskandar.
if buy new, buyer need to pay developer only 10%, and no further payment until completion. developer can also even offer guarantee rental yield.
some even offer cash back, so buyer essentially take 100% loan, no downpayment.
so why would a buyer purchase in resale/secondary market? (unless need house urgently) if projects is by reputable developer.
in singapore, resale is about 10% lower than new sale. in iskandar, is the price differential also the same?
of course worth investing la. something like our sentosa cove
If it's safe, gd, tenanted then price will be different
of course worth investing la. something like our sentosa cove
One is Sentosa cove.. Semi-d S$6-8 million.. When come to downturn.. Easily drop $2million.. When Up oso easily make $2 million.. Leasehold
Similar one is Senibong Cove.. Semi-d S$700k (RM1.4-1.7m).. No need to bother price goes up or down.. Happy just stay for a few years.. Dun even have to bother even it drop S$300-400k.. Since is a F'hold.. Just pass to the next generation lor
Let's say one day you are homeless in S'pore.. At least you still can move over to your S$700k Semi-d to stay :D
Before committing to Iskandar, I would suggest one look around other parts of fairly developed Johor what the locals are paying for their landed.
rattydrama
11-03-13, 21:14
Before committing to Iskandar, I would suggest one look around other parts of fairly developed Johor what the locals are paying for their landed.
landed near to the highway without or with min traffic lights is also good. eg. perling layang area
landed near to the highway without or with min traffic lights is also good. eg. perling layang area
You sound like you have recce-ed the place. So how much are those houses there?
rattydrama
11-03-13, 21:51
You sound like you have recce-ed the place. So how much are those houses there?
its my relative house. semi d bought around 340k in 09 and now fetching 550 to 600k. lowest that has gone down was 220k but i think it will not be repeated with the raising cost of land and labour cost. However, its old semi d but location and built is good still. the only thing is not guard and gated.
next door nusa duta where lots of sg retirees now fetching 1-1.2m. developer asking more for the latest phase but expect it to be a sold out event as usual.
plenty of potential in JB but need to know the right location, developer. most areas, as what the forumers said, has poor investment value. if u buy prepare to stay or wait for the next cycle.
Last weekend attend UEM land Malaysia seminar at mandarin oriental hotel.
One of the Speaker was feng shui master david koh, one of the Question ask was - When the Best Feng Shui in JB??
His answer - Danga Bay :D
and i must admit this FEng Shui Master really come out with all the Fact and figure past 40yrs to support his insight.
Iskandar Property worth investing or not, actually depend the confort of individual. Some may just pay S$1m "try" out the Market there too.
rattydrama
11-03-13, 22:09
Last weekend attend UEM land Malaysia seminar at mandarin oriental hotel.
One of the Speaker was feng shui master david koh, one of the Question ask was - When the Best Feng Shui in JB??
His answer - Danga Bay :D
and i must admit this FEng Shui Master really come out with all the Fact and figure past 40yrs to support his insight.
Iskandar Property worth investing or not, actually depend the confort of individual. Some may just pay S$1m "try" out the Market there too.
The price is about RM1000psf if i could recall...worth investing? Personally I think there are options.
The price is about RM1000psf if i could recall...worth investing? Personally I think there are options.
wah, RM1000psf for commercial or resi?
rattydrama
11-03-13, 22:20
wah, RM1000psf for commercial or resi?should be aparment/condo.. commercial not sure...maybe 2-3m at least.
Not much difference from sg if commercial to 2-3m.
You refer to Danga Bay Area property?
Got one call Danga View already there few yrs, think launch ay S$200psf only in 2006?
But recently property there like Brunsfield Iskandar waterfront ( this mixed development concept is like The Sail at marina + MBS shopping mall, of course without casino)
Launch at M$1200psf to M$1400psf, (about S$500psf???)
And they share this is only tower 1, rest of 3 tower the developer will launch it over M$1500psf to M$2000psf!
Maybe that explain why it more expensive then Nusajaya area , Good Feng Shui :D
The price is about RM1000psf if i could recall...worth investing? Personally I think there are options.
rattydrama
11-03-13, 22:35
Not much difference from sg if commercial to 2-3m.
Its in RM and its FH. The price i indicated here is subject to correction.
Its in RM and its FH. The price i indicated here is subject to correction.
while jb may be ok for investment, i prefer to put my money in penang/
I think penang has a better local economy.
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