Living in JB

[Analytical Professor]

What do you invest for? What is the basis for the investment?

A few extra properties in Nusajaya? You could be better off with the same money invested in Spore right?

Show me the fundamentals for Iskandar or JB or the state of johor.

Investing in a few 'extra' properties in Nusajaya is a whole different story from moving to Nusajaya.

 

[aangsc]

Are people putting too much faith in legoland and university town in Nusajaya ?
That would be a plus point if successful but should not be the main reason to put $ there. I guess if you are planning a quiet retirement place, you won't be off too much but for real appreciation in land value, it is really an unknown territory there.
Can any one can bring up a place in johor that has good appreciation in value before this Nusajaya project ? Just curious .

 

[Analytical Professor]

In the same vein i would say the voice of every single ultra rich person is not to have a home in sentosa cove and take a yatch to puteri harbour.

I would say that they are not the voice of every single ultra rich people.

 

[Analytical Professor]

Bro every weekend at 1st link and 2nd link how many convoys of Ferrari and Lamborghini do you see? And a lot of those who drive in the convoy of Ferrari and Lamborghini are part or Sports Club bro.

Or even on a day-day basis how many do you see?

Would you say that atleast 5% of Spores ultra rich invest in Iskandar? I would not think so <<though i am prepared to change my mind if someone shows facts to prove otherwise>>

Yes I know what I'm talking about. Yes, many poor people also won't step into JB, not just the ultra-rich. But not all the ultra-rich won't step into JB. Many drive to Malaysia in a convoy of Ferrari and Lamborghini.

 

[Analytical Professor]

I liked the last few words you said "if things in Nusajaya materialized"

I am not a pessimist else i wont invest here either. Nusajaya will materialise. To the promised and desired extent? I am not sure... ITs a several decades project..

Nusajaya is definitely no Monaco. My view on investing in Singapore vs Nusajaya is like investing in blue chip vs penny stock. In penny stocks, yes there's high risk but we risk for the potential high return if things in Nusajaya materialized.

 

[Analytical Professor]

I agree with you on this. We cant say who is right or wrong. Opinions differ perspectives differ but the motto remains to help all those who wanna live in JB

<<No offence to anyone and purely for discussion/analysis>>

You might view Nusajaya as having low potential but I see it in a totally different perspective. We can't say who's right or wrong, it's just a matter of different judgement.

 

[gforker]

Hi Wuqi. My interest in living in JB and working in Singapore was really piqued after reading the article on the Straits Times yesterday. Is the price of units too high now to enter the market in HH or East Ledang now? I am a doctor working and living in Singapore now. Really looking into crossing the strait to live across the border. Thanks.

 

[LeMans2011]

haha you cannot compare like that, it is quite pricey at 2.4m to 2.7m hence they have "extra budget" to give you nice dark marble bath tub.

Looking at all the discussions above, for me i am not so worried about these investments. I bought the semi-D at below 1.2m, now elsewhere in JB developers are exploring new benchmarks > 1.2m for a less "prime" location. I give myself 5 years from now, i am confident the least it could achieve is 1.5m. Anything above is a bonus.

There are other marketeers as well... one of which is Profitable Group. There is quite a lot of publicity done on the EL projects. The HH house is self-publicised by golfers who come for a round of golf.. easy. Those Permas Jaya new launches advertise in SG newspaper.

 

[wuqi256]

Hi Prof, you posted at the link below as well i presume? http://www.setiaproperty.com/forum/index.php?/topic/176-bukit-indah-nusajaya-vs-kempas/

If i may, can we keep the topic on living out in Malaysia and not on specific guesswork or speculate which one is better as most have made their choices. Be it bank loans, groceries like spices, etc people have already made their choices and no point crying over spilt milk. Criticizing under any forms of disguise might be seen as hitting beneath the belt.

This is as this thread was always about living in JB, not about living in HH or ST or for that matter, exploring alternatives and living out of SG which is the purpose of the thread.

For bros who would like to, i would suggest having a separate discussion on:

INVESTING IN JB which would better serve your needs.

I am definitely not going to comment on the Kempas versus Nusajaya issue as both will complement each other to a certain extent. As it is, things are starting to be kicked into motion for more news to be released. Things will move here for sure, that is why each will become successful for its intended purpose. Even if one is successful, it will have certain spillover/ripple effect, lets not split camps as that is clearly moving to a different direction. There are rich people alike in both areas but my choice has been very clear from the start.

If i comment on Nusajaya versus Setia Tropika, its not fair to bros like Prof staying at Kempas(Setia Tropika) as i have multiple properties and have been staying happily here which will led me to be bias.

I hope we can work on a fair basis and agree to disagree.

 

[wuqi256]

Hi all, Visited East Ledang Melody Park just now to view the bungalow showhouses. Out of the 3-4, only 1 is accessible. I actually walk in after parking my car outside as there is a barrier. The house is huge and classy. The rooms are huge too and the master bedroom on the 2nd floor has a big toilet with those rain shower type and jacuzzi, Wow! There is a balcony in one of the rooms too. The 2-storey house has finishing which put HH houses to shame. The switches, doors, tiles, toilet accessories, balcony doors etc simply oozed CLASS.

Yes it is very nice, i brought my friends to EL and every time they were amazed, then they heard about the price tag and well, they figured they didn't need the additional stuff. Different choices for different people.

Its like how there are some who put in more than 2 million into a single bungalow while others choose to use that money to live in a slightly smaller house and still others choose to have a medium house with 3-4 rented out small houses so that they stay in their own house for free.

 

[wuqi256]

Thanks Cathylmg, from my humble 2 cents, actually things are starting to move faster. Not only myself but in the circle around me, people are getting more calls from once doubtful people and i personally have started to push away requests and calls from friends and relatives. As a recent learned friend of mine found out recently, i no longer talk to him anything about JB.

People are anticipating growth which is why people buying here wants to move in early before prices go higher still. The 250k rise to 500k and the strict enforcement of this was just an early indicator of things to come. Still things may take their own time with different projects but each will become a cascading factor. By the time the Lego land and other projects comes up, it will be slightly too late to buy.

If there is no indication of buying interest, their government will not put in so many stops to prevent speculation.

Again, this place is definitely excellent excellent for retirement, investing though something that is becoming a more certain thing remains a secondary objective, at least for me.

 

[cathylmg]

Thanks Cathylmg, from my humble 2 cents, actually things are starting to move faster. Not only myself but in the circle around me, people are getting more calls from once doubtful people and i personally have started to push away requests and calls from friends and relatives. As a recent learned friend of mine found out recently, i no longer talk to him anything about JB.

People are anticipating growth which is why people buying here wants to move in early before prices go higher still. The 250k rise to 500k and the strict enforcement of this was just an early indicator of things to come. Still things may take their own time with different projects but each will become a cascading factor. By the time the Lego land and other projects comes up, it will be slightly too late to buy.

If there is no indication of buying interest, their government will not put in so many stops to prevent speculation.

Again, this place is definitely excellent excellent for retirement, investing though something that is becoming a more certain thing remains a secondary objective, at least for me.

I want to move in to my house in jb to enjoy a better quality of living, make my money stretch longer and to get income from my current hdb. I also intend to use another unit in jb as a kind of piggybank to collect rental as a retirement fund. To me, capital appreciation is a bonus but not an aboslute necessity. Most important thing is to built a sustainable monthly income, so that me and my husband can really retire and enjoy life for good.

I recommand those intending to invest in property to read Robert Kyosaki and Kim Kyosaki's series of books. Especially Rich Dad, Poor Dad.
PS:I don't have anything to gain from this.

 

[Grago]

"Hi Prof, you posted at the link below as well i presume? http://www.setiaproperty.com/forum/i...aya-vs-kempas/

If i may, can we keep the topic on living out in Malaysia and not on specific guesswork or speculate which one is better as most have made their choices. Be it bank loans, groceries like spices, etc people have already made their choices and no point crying over spilt milk. Criticizing under any forms of disguise might be seen as hitting beneath the belt.

This is as this thread was always about living in JB, not about living in HH or ST or for that matter, exploring alternatives and living out of SG which is the purpose of the thread.

For bros who would like to, i would suggest having a separate discussion on:

INVESTING IN JB which would better serve your needs.

I am definitely not going to comment on the Kempas versus Nusajaya issue as both will complement each other to a certain extent. As it is, things are starting to be kicked into motion for more news to be released. Things will move here for sure, that is why each will become successful for its intended purpose. Even if one is successful, it will have certain spillover/ripple effect, lets not split camps as that is clearly moving to a different direction. There are rich people alike in both areas but my choice has been very clear from the start.

If i comment on Nusajaya versus Setia Tropika, its not fair to bros like Prof staying at Kempas(Setia Tropika) as i have multiple properties and have been staying happily here which will led me to be bias.

I hope we can work on a fair basis and agree to disagree. "


Well put Bro Wuqi. We are all living in JB or will be living in JB in our respective choices...... let's be happy for all those who are/aren't on this Forum that have decided to move to JB. The future can only be good for ALL.

 

[Analytical Professor]

Thank you aangsc. I agree with you.

How much can Legoland and the University contribute to the GDP of Iskandar? Even assuming that its more than 50% will it be able to make a difference to the lives of the ordinary people in Johor (atleast to some extent)?

I feel that Legoland and the University are hyped beyond reality. Yes they may be successful to some extent. But can they lift the overall economy on their own? At the most they can act as Catalysts to spur other economic developments.

Actually if you ask me the Catalysts from the Malaysian Govt are insufficient. Just one Kota Iskandar and a wellness township? How do you promote development with just that (i may have forgotten a couple of other landmarks). Yes we can expect the private to invest. But the initial investment and lots of it should come from the Government just like what is done in Spore. The private investors will put in their money only when the Govt has laid down the right framework and has put in a proper foundation for private enterprises to thrive.

Just hoping that University town will thrive cause of foreign students and therefore Iskandar will be transformed into a sought after destination is a HUGE JOKE.

Does anyone expect the roads/infrastructure to massively change in the next couple of years in ISkandar? Even EDL and CH are taking forever to complete.

As you have rightly pointed out ISkandar is a great place if you wanna stretch your dollar, wanna enjoy the peace and tranquility that Iskandar offers, enjoy a landed property and have a peaceful retirement with a reasonable cost of living then Iskandar is the place. This will be the hard truth for now and for several years from now until the much SOUGHT AFTER DESTINATION takes complete shape.

Are people putting too much faith in legoland and university town in Nusajaya ? That would be a plus point if successful but should not be the main reason to put $ there. I guess if you are planning a quiet retirement place, you won't be off too much but for real appreciation in land value, it is really an unknown territory there.
Can any one can bring up a place in johor that has good appreciation in value before this Nusajaya project ? Just curious .

 

[LeMans2011]

Yes, i agree with bro Wuqi, we should not forget the reason why we are here: to heed the PAP govt's call to retire and die in JB... lol.... we took it two steps further by moving over in our younger and productive years and contributing to our host country for providing us asylum... oops i mean for providing us the sanctuary. Not that we quit Singapore totally since it provides us with income to enjoy the good living in JB... but we want to exercise some kindness by releasing some spare space in crowded Singapore to those who yearn to remain.

When we dealt too much into investment potential it becomes a little more sensitive and might inadvertently belittle others... no offence to bros who talk about making money as i am equally guilty. People like bro investor is deeply convinced and passionate about investing here especially compared to the present Singapore property market which is hitting one high point after another. I am equally pleased at discovering this "lobang". Bro Wuqi we promise to be more restrained in this talk, please don't shoo us out to "Investing in JB" thread :-p

I would also like to request friends to maintain some respect to the host country. Let's not say things like it will take 70 years for JB to come anything close to Singapore. JB will never be like Singapore as it is a different outfit, but it has its own good points which Singapore can never have... the obvious example being the abundance of land. It is always meant to complement Singapore and not to compete head on. Lets not say things like the well heeled will never come to JB as we are slapping ourselves. Analytical professor, my apologies that all my examples are on you... but you do come across as belittling JB and making it sound like a place for those who cannot make it in Singapore... we have come a long way in convincing people this is not the case. Even the Straits Times acknowledge this is becoming a place for middle class to enjoy high class living.

Having said that, i am well aware you love to debate the issue and meant no offence.

Once again bro Wuqi, we promise we will not fight in here :-p

 

[Analytical Professor]

IF JB did not exist i think i would die much earlier.

JB has added a couple of years to my life.

IF not for JB, living in mechanical Spore i would have serious issues with myself.

Thanks HH, i love JB too and am all for its growth, development and capital appreciation.

Now imagine based on below 10-15 years have only yielded Taman Sutera Utama, Nusa Bestari, Sutera Mall, Jusco, Tesco, Giant and ofcourse the newer Tamans what can we expect in the next 30 years?

I find it hard to believe that a much sought after destination has no reliable public transport system that is convenient to use amongst other issues.

Haha when I first visited JB Tun Aminah area to view my friend's new house more than a decade ago, believe it or not Taman Sutera Utama dont even exist. Its just bare land and forest. Even for the so-called low-end Nusa Bestari area, one whole side of the shoplots ( old town ) were just forest. There is no Sutera Mall or Jusco of cos. The best shopping centre is Plaza Tasek.

12-15 years on, I love JB more as there are HH, Jusco etc

 

[Analytical Professor]

You planning to sell in 5 years?

Looking at all the discussions above, for me i am not so worried about these investments. I bought the semi-D at below 1.2m, now elsewhere in JB developers are exploring new benchmarks > 1.2m for a less "prime" location. I give myself 5 years from now, i am confident the least it could achieve is 1.5m. Anything above is a bonus.

 

[LeMans2011]

Btw.. we have forgotten a very important task.

Thank You for Making This a Sticky
as i no longer need to hunt for the thread... should we thanks BOSS Sam Leong or moderators?

 

[LeMans2011]

You planning to sell in 5 years?

Maybe one of them if the price is good and if i need the money... if i can afford i will just let it rot... but definitely i will keep one for retirement

 

[Analytical Professor]

Oh my... Wuqi it seems i have somehow given you the view that i am comparing NJ vs Kempas.

Never on my mind.

The discussion which you pointed out in the other forum is almost 2 years old and that forum is pretty much dead as you may already be aware.

The current discussion was centred around Iskandar growing and the fundamentals of the economy.

So i am not sure why it seemed below the belt to you. Yes i did think aloud why Setia prices its products higher than HH, Leisure Farm (which was in response to a comment made that HH, LF offer larger land parcels). So i guess a fair reply. Nothing below the belt.

I agree you did not dismiss Setia.

Thanks Prof, appreciate your views on this. People have already made their choices. If you noticed, i never dismissed Setia as a place too as i even brought many relatives and friends over there to look
at properties and i have friends in that area as well.