Building every infrastructure is good, but what's the plan to attract the people? I am sure you read the article I posted this morning, it acknowledge that alot of things coming but no one to fill it up.
At least on stock market got statistics.
On Iskandar, "I heard Medini is a flop" or "Educity like dead ants" showed that the person had never been there before. Does he know how there are 6 universities there? Does he know the Reading University shifted its campus from JB 2 months ago? Or even Raffles American School? Like I said, not been there, how much does he know? With due respect, it is better to keep quiet.
Many keyboard warriors don't even know that the university students occupy a huge chunk of nearby condo units. Many still think that Iskandar is dotted with palm trees. That's very sad.
Why you so impatient? Medini Puteri Harbour is scheduled to complete in 2017/2018. Wait lah until fully complete. If no ppl then you say not good and I will agree with you. Meanwhile have a kit kat and take a break.
You like it, or you don't like it. The facts and stat are all there. Every other week, the population in Iskandar is growing. People from all over the world are flocking in to work and study. People are still finding places to rent at a normal pace. Previous few years were too hectic and over-hype. Now they are growing more rationally.
You like it or you don't like it, Singapore manufacturing industry has fallen for the 10th consecutive month. Iskandar is growing very very strong. PTP is growing every other month while PSA volumes are declining. These are all reported in the Straits Times ( I am rather surprised Singapore press can report this negative news openly.. I guess there really aint any good news in Singapore to report on anymore )
One property agent friend of mine has been pushing Sentosa Cove to me and said now is the BESTEST time of all to snap a Sentosa Cove sea view leasehole unit. I ask him how much he said S$2000psf. I nearly pointed him the middle finger. At RM 6000psf you are pushing me to buy and this is already all time low? Ridiculous! I cant wait to stay in my sea view Freehold which cost just RM 1000psf! The view at sentosa cove is not 6 times better than Puteri Harbour right? Or the girls are 6 times prettier? My foot!
One property agent friend of mine has been pushing Sentosa Cove to me and said now is the BESTEST time of all to snap a Sentosa Cove sea view leasehole unit. I ask him how much he said S$2000psf. I nearly pointed him the middle finger. At RM 6000psf you are pushing me to buy and this is already all time low? Ridiculous! I cant wait to stay in my sea view Freehold which cost just RM 1000psf! The view at sentosa cove is not 6 times better than Puteri Harbour right? Or the girls are 6 times prettier? My foot!
Higher education institutions in Educity/ Medini todate
=============================
Newcastle University, UK
Marlborough College, UK
University of Southampton, Uk
Netherlands Maritime Institute of Technology
University of Reading, Uk
Raffles Unversity, Singapore
Multimedia Unversity, Malaysia
Management Development Institute of Singapore
Raffles American School, Singapore
Johan Cruyff Institute for Sports Studies
Latest to join is Sunway University Iskandar to begin intake in 2017.
If you guys want to know how successful Sunway University is, just visit them in Bandar Sunway and see for yourself in person.
No doubt having international institutions located in close proximity is impressive. The success of the tertiary institutions depend strongly on the value of the certificates in employers' eye. This confidence among the employers takes time to build up. Meanwhile the institutions will be pressurised to generate income. At the moment it feels a bit like the early stage of Cyberjaya. It is interesting to watch how Medini unfolds.
I believe due to the strong UK currency and weak RM, many would opt to study 2 years locally and complete the balance in UK. Some do it all locally. Afterall it is the same university who confer the degrees. This is what we call 2+1 or 3+0 options.
Nottingham, Heriot Watt, Monash, etc are all doing this already and the standard is no way inferior to those overseas.
A 2+1 is better but this is a UK bachelor degree (versus Honours). It really depends on the employers. At the moment, most Singapore government ministries and agencies do not recognise these degrees from Iskandar institutions.
I would think your Taman Daya is a sound investment as it gives you rental income and capital gain even after currency translation.I really enjoy reading all the views here..
I am a vested owner of R&F..
Buying it as an Exit Strategy..
Despite all the doom and gloom, I think at the end of the day, all investors who put in any money into any investments must be prepared to lose it all..
I am already holding SGD 100K paper losses in SG stock market..About RM 60k losses in forex due to RM 3: SGD 1..
It is painful...Still, life goes on..
Perhaps, all JB condos will collapse etc...
Super oversupply... All the condos near CIQ will be flooded.. etc
End of the day, one must not lose till the extent to commit suicide lah...
Buy a freehold property in Malaysia is actually low risk provided you have holding power...
just to share, my mum bought a link terrace in Taman Daya 15 years ago at around RM 120,000 during the time 1 SGD : RM 1.40..
Today, that terrace is worth only RM280,000..
Is it a loss? Possibly... Is it a gain.. possibly too..
Still.. it is still standing and rented out at RM700 a month...
It can be a poor investment choice but still it is not a total loss...
Not sure if you guys know this, many universities these days are more and more profit-oriented than ever before. It's sad. Even some faculties in NUS and NTU aren't as fantastic as the public thinks. We have young graduates who joined us and we find their standards are not as solid as those who graduated more than a decade ago.
They have been increasing places in our local universities. A degree today doesn't mean much. 30 years ago, if you don't do so well in your A levels, you're pretty much screwed unless your parents are rich enough to send you overseas to study. Today, you can flunk your O or A levels. It's no big deal. There are so many private institutions to choose from. One can get straight D's or almost F's. You got money, they somehow have a place for you to get at least a basic degree.
So why am I saying all these? All those so-called "well-known" universities mentioned previously in Iskandar... they too are no different. They want to make money by locating in this region. I don't care how great the university's name may sound traditionally, but I can tell you if I am an employer, I will not be impressed by someone who graduated from say Reading University located in Iskandar. It's just not the same impression.
Even quite well-known universities are now offering online degree courses! They claim everything in the syllabus is the same. So it seems a student is getting the same "quality" education as those who study on campus. Sorry, but I don't buy this bullshit. Really prestigious universities won't do this kind of money-making education business. That's why you are likely not to find the very best unis like Cambridge, Oxford, Harvard or MIT in this situation.
And I don't understand why some are always comparing Sentosa Cove to Puteri Harbour. They are apples and oranges. It's like comparing a Porsche to Subaru WRX. Both may have the same top speed and acceleration. But a Porsche is class, prestige, high-end brand. You also can't compare Bonia handbags with LV/Gucci. Both brands may be made of very good leather but the latter smell of a posh/luxurious lifestyle.
Sentosa Cove is located in a 1st world country with excellent security, education system, advanced healthcare, amenities, strong economy, attractive business hub. How can you say it's ridiculous to pay so much for Sentosa Cove while Puteri Harbour costs only a fraction of it? That's not a fair comparison. Can your kid travel to our prestigious Raffles Institution or Girls School easily if she lives in Puteri Harbour? No way. Is there a subway conveniently located around Puteri Harbour to take you to places? Nope. Not any time soon. Not in this decade perhaps. In Singapore, you can move around easily and quickly by our excellent transport system.
You can't ask a Forbes Who's Who richest to drive a Lexus and buy a Puteri Harbour penthouse because it's cheaper than a Ferrari or a Sentosa Cove house. If you think that way, you just aren't rich enough!
Things like prestige, safety and accessibility are built into the price. The two are totally different products.
I really enjoy reading all the views here..
I am a vested owner of R&F..
Buying it as an Exit Strategy..
Despite all the doom and gloom, I think at the end of the day, all investors who put in any money into any investments must be prepared to lose it all..
I am already holding SGD 100K paper losses in SG stock market..About RM 60k losses in forex due to RM 3: SGD 1..
It is painful...Still, life goes on..
Perhaps, all JB condos will collapse etc...
Super oversupply... All the condos near CIQ will be flooded.. etc
End of the day, one must not lose till the extent to commit suicide lah...
Buy a freehold property in Malaysia is actually low risk provided you have holding power...
just to share, my mum bought a link terrace in Taman Daya 15 years ago at around RM 120,000 during the time 1 SGD : RM 1.40..
Today, that terrace is worth only RM280,000..
Is it a loss? Possibly... Is it a gain.. possibly too..
Still.. it is still standing and rented out at RM700 a month...
It can be a poor investment choice but still it is not a total loss...