Nusajaya is flanked with school, theme park and hospitals. I reckon sane minds to pay 5-7% at current market prevailing rate. Hence the 8% guaranteed rental return seems attractive to me. Pity I just bought KSL residence and most likely income not able to sustain another hefty loan.
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- Thread starter wuqi256
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Nusajaya is flanked with school, theme park and hospitals. I reckon sane minds to pay 5-7% at current market prevailing rate. Hence the 8% guaranteed rental return seems attractive to me. Pity I just bought KSL residence and most likely income not able to sustain another hefty loan.
Think you mistaken, I am not Brandon doing self appraisal here. I do not even think he is aware of this forum which I did tell him I will compliment his service here
Don't bother the comment from this guy. He is known for his sarcasm in this forum.
Is true.......however, I think KSL residence also provide guaranteed rental return right?
D'Esplanade KSL is providing that option. But not KSL Residence @ Daya. At least i was not aware
Sorry... i must have confuse between D'Esplanade KSL and KSL Residence.
No worries. I too was initially confused as well.
MORE UNCERTAINTIES FOR SP SETIA
KUALA LUMPUR: A high level initiative has started for a proposal for the property arm of Sime Darby Bhd to take over SP Setia Bhd.
The proposal was mooted by a few senior management of SP Setia about two months ago and conveyed to the top brass of Permodalan Nasional Bhd (PNB) and Sime Darby Bhd. PNB is the major shareholder of SP Setia as well as Sime Darby.
“So far, there has been no resistance to the proposal. It is not something out of the blue as this was talked about by the dominant shareholder.
“This time it is coming from the key people in SP Setia. They see a need for a strong leadership in SP Setia for the greater benefit of shareholders,” said a source.
The takeover is to resolve the current problem at SP Setia. The departure of its former president and CEO Tan Sri Liew Kee Sin on April 30, 2014 left a huge vacuum, which has gone increasing larger. The initial plan was to have the No. 2 and 3 – chief financial officer Datuk Teow Leong Seng and deputy president and COO Datuk Voon Tin Yow – at the helm post-Liew.
This did not happen. Instead, after Liew’s April departure, Teow, who was supposed to stay on until 2015, left on July 31, 2014.
Voon was left to hold the fort. It is uncertain how inclusive PNB was with Voon in its decision-making process. The fact that Voon also opted for an earlier check-out is telling.
An engineer by training, Voon, 57, assumed the position of acting president and CEO in transition on May 1, 2014. He was to stay on until April 20, 2015. He left at the end of December 2014. Although deputy president Datuk Khor Chap Jen is currently at the helm, taking over from Voon, the saga at SP Setia continues. Khor has been with the company about 20 years.
Speculation has been rife that PNB would appoint a new candidate from one of their companies but that has not happened. Among them was I&P Group Sdn Bhd CEO Datuk Jamaludin Osman, or one of PNB’s senior executives to replace Liew.
Since Liew’s departure, the company has grappled with a continuing series of outgoing leaders. Over the weekend, the company showcased some show houses as a preview into future launches in northern Setia Alam, part of SP Setia’s 2,525-acre flagship township. A Jan 9 press release said the company launched some landed properties in Setia Alam yesterday (Jan 11), its first property event since Liew’s departure.
Although the company is trying to go about with business as usual, PNB’s silence as what it plans to do with SP Setia has become deafening.
SP Setia has several projects on its books and need a strong leadership team to see them through, especially during challenging times.
Among them are the Battersea Power Station project in London where Liew is the key driver, and KL Eco City, in Bangsar, where SP Setia has a 50% interest.
“Battersea is a primary concern because they want to see it succeed and Malaysia coming out looking good,” said a source. Liew has always said it is a national project and he is the project’s best salesman.
As part of a massive regeneration project, Battersea was subsequently re-zoned as a Zone 1 location, a huge boost.
Liew is chairman of the Battersea Project Holding Co Ltd, the consortium leading the development of the London project. Teow, his former lieutenant. is chairman of Battersea Power Station Development Co Ltd. Other consortium members are Sime Darby and the Employees Provident Fund. SP Setia and Sime Darby have a 40% stake each with EPF, 20%. It is uncertain if Liew will continue to chair the consortium when his chairmanship concludes in September 2015.
The market has not been giving SP Setia its value since the departure of Liew. Prior to his departure, PNB had made a joint offer for SP Setia for RM3.95 per share. The offer was made with Liew.
Since then the market has not accorded the same valuation to SP Setia. Sentiments had been weak on the stock even before the current bearish sentiments had affected the sector as a whole. It closed at RM3.35 on Friday.
PNB has a plan to merge all its property companies under its stable and list it. However the plan had not taken off yet although there were consultants who had worked on it quite substantially, a source said.
“But SP setia is not part of the plan,” said a banker.
“Any corporate exercise between the two companies would need shareholders approval,” said the banker.
Another source said that even if PNB were to amalgamate all these property assets, it would not solve the issue of a lack of resources to manage the huge amount of assets.
“If PNB does decide to amalgamate all its property assets, it must find a vehicle. This should not be an issue at all,” the source said.
SP Setia seems to have “a better branding” than the other property companies in PNB’s stable,” the source said. “The most pressing problem in SP Setia is not land or sales. It is management execution and PNB’s perceived inertia.”
Property sector watchers may want to take a leaf from history. In 2005, PNB surprised the market when it took over Johor-based Pelangi Bhd. Two years later, the state-owned fund bought over Petaling Garden Bhd, three days after buying out Island & Peninsular Bhd. The move created one of the largest property portfolios for the fund. In 2006, PNB created a new vehicle Synergy Drive Sdn Bhd to park its plantation assets when it amalgamated Kumpulan Guthrie Bhd, Sime Darby and Golden Hope Bhd, in what was to be the largest merger in Malaysia’s corporate history
Since the takeover, PNB has yet to show how it is reaping the benefits.
KUALA LUMPUR: A high level initiative has started for a proposal for the property arm of Sime Darby Bhd to take over SP Setia Bhd.
The proposal was mooted by a few senior management of SP Setia about two months ago and conveyed to the top brass of Permodalan Nasional Bhd (PNB) and Sime Darby Bhd. PNB is the major shareholder of SP Setia as well as Sime Darby.
“So far, there has been no resistance to the proposal. It is not something out of the blue as this was talked about by the dominant shareholder.
“This time it is coming from the key people in SP Setia. They see a need for a strong leadership in SP Setia for the greater benefit of shareholders,” said a source.
The takeover is to resolve the current problem at SP Setia. The departure of its former president and CEO Tan Sri Liew Kee Sin on April 30, 2014 left a huge vacuum, which has gone increasing larger. The initial plan was to have the No. 2 and 3 – chief financial officer Datuk Teow Leong Seng and deputy president and COO Datuk Voon Tin Yow – at the helm post-Liew.
This did not happen. Instead, after Liew’s April departure, Teow, who was supposed to stay on until 2015, left on July 31, 2014.
Voon was left to hold the fort. It is uncertain how inclusive PNB was with Voon in its decision-making process. The fact that Voon also opted for an earlier check-out is telling.
An engineer by training, Voon, 57, assumed the position of acting president and CEO in transition on May 1, 2014. He was to stay on until April 20, 2015. He left at the end of December 2014. Although deputy president Datuk Khor Chap Jen is currently at the helm, taking over from Voon, the saga at SP Setia continues. Khor has been with the company about 20 years.
Speculation has been rife that PNB would appoint a new candidate from one of their companies but that has not happened. Among them was I&P Group Sdn Bhd CEO Datuk Jamaludin Osman, or one of PNB’s senior executives to replace Liew.
Since Liew’s departure, the company has grappled with a continuing series of outgoing leaders. Over the weekend, the company showcased some show houses as a preview into future launches in northern Setia Alam, part of SP Setia’s 2,525-acre flagship township. A Jan 9 press release said the company launched some landed properties in Setia Alam yesterday (Jan 11), its first property event since Liew’s departure.
Although the company is trying to go about with business as usual, PNB’s silence as what it plans to do with SP Setia has become deafening.
SP Setia has several projects on its books and need a strong leadership team to see them through, especially during challenging times.
Among them are the Battersea Power Station project in London where Liew is the key driver, and KL Eco City, in Bangsar, where SP Setia has a 50% interest.
“Battersea is a primary concern because they want to see it succeed and Malaysia coming out looking good,” said a source. Liew has always said it is a national project and he is the project’s best salesman.
As part of a massive regeneration project, Battersea was subsequently re-zoned as a Zone 1 location, a huge boost.
Liew is chairman of the Battersea Project Holding Co Ltd, the consortium leading the development of the London project. Teow, his former lieutenant. is chairman of Battersea Power Station Development Co Ltd. Other consortium members are Sime Darby and the Employees Provident Fund. SP Setia and Sime Darby have a 40% stake each with EPF, 20%. It is uncertain if Liew will continue to chair the consortium when his chairmanship concludes in September 2015.
The market has not been giving SP Setia its value since the departure of Liew. Prior to his departure, PNB had made a joint offer for SP Setia for RM3.95 per share. The offer was made with Liew.
Since then the market has not accorded the same valuation to SP Setia. Sentiments had been weak on the stock even before the current bearish sentiments had affected the sector as a whole. It closed at RM3.35 on Friday.
PNB has a plan to merge all its property companies under its stable and list it. However the plan had not taken off yet although there were consultants who had worked on it quite substantially, a source said.
“But SP setia is not part of the plan,” said a banker.
“Any corporate exercise between the two companies would need shareholders approval,” said the banker.
Another source said that even if PNB were to amalgamate all these property assets, it would not solve the issue of a lack of resources to manage the huge amount of assets.
“If PNB does decide to amalgamate all its property assets, it must find a vehicle. This should not be an issue at all,” the source said.
SP Setia seems to have “a better branding” than the other property companies in PNB’s stable,” the source said. “The most pressing problem in SP Setia is not land or sales. It is management execution and PNB’s perceived inertia.”
Property sector watchers may want to take a leaf from history. In 2005, PNB surprised the market when it took over Johor-based Pelangi Bhd. Two years later, the state-owned fund bought over Petaling Garden Bhd, three days after buying out Island & Peninsular Bhd. The move created one of the largest property portfolios for the fund. In 2006, PNB created a new vehicle Synergy Drive Sdn Bhd to park its plantation assets when it amalgamated Kumpulan Guthrie Bhd, Sime Darby and Golden Hope Bhd, in what was to be the largest merger in Malaysia’s corporate history
Since the takeover, PNB has yet to show how it is reaping the benefits.
https://iskandardevelopment.wordpress.com/2015/02/05/china-malaysia-pasir-gudang-industrial-park/
Greenland Malaysia is on collaboration talk with Johor state government to establish an iconic China-Malaysia Pasir Gudang Indutrial Park with an estimated johor land area of 3000 acres.
According to the sources, Pasir Gudang Industral Park once approved will be bigger in size than China-Malaysia Kuantan Industrial Park. It is currently on the planning stages, pending for Johor state government to realise it.
China-Malaysia Pasir gudang Industrial Park may be located at Masai Kong Kong area, which is located very closeproximity to Pasir Gudang Port and its existing industrial park. This project will help to improve the Iskandar Malaysia industrial development.
Gteenland General Manager Mr Wu said in the press conference that the above industrial park’s overall development size is huge, and it will attracted international company to establish their presence here. In the result, it will help to improve Johor population which is now stands at 1.4 million in the Iskandar Malaysia and infrastructure development.
“China-Malaysia Pasir Gudang Industrial Park will comprising three theme, which are Singapore Industrial Park, Electronic Industrial Park, and International Property Park”, said Mr Wu. However, he doesn’t disclose the total amount for the iskandar project development.
“There are total of 30 billion of GDP in Johor. Once the Pasir Gudang Industrial Park materialised and completed, it will help in increment of Johor GDP to double fold amounted to 60 billion” emphasis Mr Wu.
He frankly spoke out that Industrial Park is important iskandar project to attract human resources from ASEAN country to stay and work in Johor. It is due to the property development needs population, and the population in Iskandar Malaysia Johor is limited in current stage.
Mr Wu hope that Greenland able to fight for the China-Malaysia Pasir Gudang Industrial Park listed into China to outside country 15th largest industrial park investment, and possibly reach the China- Malaysia country level collaboration.
Once it is success, Industrial park will be single largest investment project between both country.
According to Mr Wu, 128 acres Tebrau waterfront mixed integrated development iskandar project will contain 5 phase, and it will including infrastructure development which will assist government to build a new Permas Jaya bridge to ease the current Permas Jaya bridge congestion issue.
The phase 1 development will include a children theme park of experiences, hotel, restaurant, and office. Phase 2 developments including Chinese primary school, a snow world theme park which public can enjoy ice sculpture and ice skating facility and expected attracting 40,000 visitors yearly. Phase 3 will include opera house containing 1500 seater, phase 4 including Chinese medical hospital to attract retiree, and phase 5 including waterfront luxury property
Greenland Malaysia is on collaboration talk with Johor state government to establish an iconic China-Malaysia Pasir Gudang Indutrial Park with an estimated johor land area of 3000 acres.
According to the sources, Pasir Gudang Industral Park once approved will be bigger in size than China-Malaysia Kuantan Industrial Park. It is currently on the planning stages, pending for Johor state government to realise it.
China-Malaysia Pasir gudang Industrial Park may be located at Masai Kong Kong area, which is located very closeproximity to Pasir Gudang Port and its existing industrial park. This project will help to improve the Iskandar Malaysia industrial development.
Gteenland General Manager Mr Wu said in the press conference that the above industrial park’s overall development size is huge, and it will attracted international company to establish their presence here. In the result, it will help to improve Johor population which is now stands at 1.4 million in the Iskandar Malaysia and infrastructure development.
“China-Malaysia Pasir Gudang Industrial Park will comprising three theme, which are Singapore Industrial Park, Electronic Industrial Park, and International Property Park”, said Mr Wu. However, he doesn’t disclose the total amount for the iskandar project development.
“There are total of 30 billion of GDP in Johor. Once the Pasir Gudang Industrial Park materialised and completed, it will help in increment of Johor GDP to double fold amounted to 60 billion” emphasis Mr Wu.
He frankly spoke out that Industrial Park is important iskandar project to attract human resources from ASEAN country to stay and work in Johor. It is due to the property development needs population, and the population in Iskandar Malaysia Johor is limited in current stage.
Mr Wu hope that Greenland able to fight for the China-Malaysia Pasir Gudang Industrial Park listed into China to outside country 15th largest industrial park investment, and possibly reach the China- Malaysia country level collaboration.
Once it is success, Industrial park will be single largest investment project between both country.
According to Mr Wu, 128 acres Tebrau waterfront mixed integrated development iskandar project will contain 5 phase, and it will including infrastructure development which will assist government to build a new Permas Jaya bridge to ease the current Permas Jaya bridge congestion issue.
The phase 1 development will include a children theme park of experiences, hotel, restaurant, and office. Phase 2 developments including Chinese primary school, a snow world theme park which public can enjoy ice sculpture and ice skating facility and expected attracting 40,000 visitors yearly. Phase 3 will include opera house containing 1500 seater, phase 4 including Chinese medical hospital to attract retiree, and phase 5 including waterfront luxury property
http://www.thestar.com.my/Business/...wners-eye-Publikastyle-development/?style=biz
DATUK Tong Kooi Ong and his partner from the days of Sunrise Bhd, Datuk Allan Lim Kim Huat, are planning a yet-unnamed RM1.4bil integrated project in Plentong, Johor, that mirrors the trendy Publika in Mont’Kiara with Johor-based Daiman Development Bhd.
The 12.3-acre project has received the necessary approvals from the authorities and is slated to be launched over three phases starting late this year, Daiman chief financial officer Eddie Chan tells StarBizWeek via email.
“We are constantly reviewing the selling price of the three components given the current soft business environment. The project consists of high-rise residences, offices and retail.
“The high-rise development will cater mostly to local buyers and will be priced to make our units affordable.
“Our partners (Tong and Lim) will provide the software, gleaned from their experience developing Mont’Kiara,” he says.
Daiman had last August inked a 50:50 joint venture with Rainbow Crest Sdn Bhd, which is jointly owned by Tong and Lim, and Everest Esplanade Sdn Bhd to develop a parcel of land in Plentong belonging to Daiman.
Under the agreement, Rainbow Crest will provide management services to the joint venture and the initial funding.
“The joint venture will carry out premium mixed-use development that optimises space, design and creativity, delivering a unique real estate proposition comprising street-fronting retail lots for the residence and neighbouring communities, luxurious serviced residence which meets the aspirations and needs of locals and foreigners, and modern office buildings to cater for the growing demand for office space,” Daiman had said in a stock exchange filing.
The Publika mall, an increasingly popular hangout for affluent Hartamas and Mont’Kiara folk, is best known for going against the grain of the conventional shopping complex with its focus on the arts.
It has nurtured a deep connection with the local arts scene and played host to artists and art shows by placing galleries and theater space alongside independent coffee houses and niche boutiques.
DATUK Tong Kooi Ong and his partner from the days of Sunrise Bhd, Datuk Allan Lim Kim Huat, are planning a yet-unnamed RM1.4bil integrated project in Plentong, Johor, that mirrors the trendy Publika in Mont’Kiara with Johor-based Daiman Development Bhd.
The 12.3-acre project has received the necessary approvals from the authorities and is slated to be launched over three phases starting late this year, Daiman chief financial officer Eddie Chan tells StarBizWeek via email.
“We are constantly reviewing the selling price of the three components given the current soft business environment. The project consists of high-rise residences, offices and retail.
“The high-rise development will cater mostly to local buyers and will be priced to make our units affordable.
“Our partners (Tong and Lim) will provide the software, gleaned from their experience developing Mont’Kiara,” he says.
Daiman had last August inked a 50:50 joint venture with Rainbow Crest Sdn Bhd, which is jointly owned by Tong and Lim, and Everest Esplanade Sdn Bhd to develop a parcel of land in Plentong belonging to Daiman.
Under the agreement, Rainbow Crest will provide management services to the joint venture and the initial funding.
“The joint venture will carry out premium mixed-use development that optimises space, design and creativity, delivering a unique real estate proposition comprising street-fronting retail lots for the residence and neighbouring communities, luxurious serviced residence which meets the aspirations and needs of locals and foreigners, and modern office buildings to cater for the growing demand for office space,” Daiman had said in a stock exchange filing.
The Publika mall, an increasingly popular hangout for affluent Hartamas and Mont’Kiara folk, is best known for going against the grain of the conventional shopping complex with its focus on the arts.
It has nurtured a deep connection with the local arts scene and played host to artists and art shows by placing galleries and theater space alongside independent coffee houses and niche boutiques.
Wow, the Chinese are very confident about Iskandar !
Lol.....everybody are confident about Iskandar except for some self-proclaim property gurus in this forum.
Looks like my "backyard" has grown more interesting!!! :p
Peter Lim's $153m tonic for Johor medical hub
Buyout deal will result in tertiary care hospital, among other features
PUBLISHED ON FEB 10, 2015 1:50 AM
BY RENNIE WHANG
TMC chief executive Wong Chiang Yin said the location of Thomson Iskandar (above), "in the heart of Johor Baru and close to Singapore", is a big plus.
SINGAPOREAN tycoon Peter Lim has stepped up plans to transform part of the land he owns in Iskandar into a medical hub.
TMC LifeSciences, a Malaysia- listed firm which he controls, is buying a health complex in the area for RM400 million (S$153 million).
Thomson Iskandar, as the hub is called, will be ready in 2018.
It is owned by a firm called Best Blend, which is in turn 70 per cent owned by Mr Lim, with Johor Crown Prince Tunku Ismail Idris holding the other 30 per cent.
The buyout deal announced last Friday will bring Thomson Iskandar into TMC, giving its investors a stake in the area's fast- growing medical sector.
TMC chief executive Wong Chiang Yin told The Straits Times yesterday: "Johor Baru is under-served in terms of the number of private hospitals and beds... There is scope for growth in the private hospital scene."
Thomson Iskandar's location "in the heart of Johor Baru and close to Singapore" is a big plus, he added. It is about 1km from the Causeway and will be home to a tertiary care hospital and an outpatient centre with 400 clinics by the time it is completed in 2018.
It will be part of Mr Lim's Vantage Bay project, which will include one of the tallest condos in Malaysia, a mall with a net lettable area of one million sq ft, a hotel as well as office blocks. The project is expected to take 10 years to complete. The Vantage Bay site is owned by a 70-30 joint venture between Mr Lim and the Johor royal family.
"We expect the majority of our customers to be Johoreans, but there should also be a substantial number of foreign patients, such as Singaporeans looking for affordable health care, and Indonesians," said Dr Wong.
The 1.6ha site for the medical hub has been approved for a hospital of up to 272 beds, but the one being built - Iskandariah Hospital - is eventually expected to have capacity for 500 beds, subject to regulatory approval.
Thomson International, a subsidiary of Thomson Medical, will manage the complex.
TMC is also increasing bed capacity at Tropicana Medical Centre, a hospital it owns in Kota Damansara in Selangor. There could eventually be 1,050 beds when both the Selangor and Johor Baru projects are fully developed.
TMC's shares closed at 64 sen last Friday before the announcement, but gained 12.5 per cent to 72 sen yesterday. The deal will be funded by the issuance of new TMC shares.
Dr Wong also said the acquisition underscored TMC's recovery from its loss-making days.
"The current management team came on board in 2012 and we are now firmly in the black. Now that we are profitable, it's time for us to look beyond Selangor," he said.
Thomson Iskandar will add to Iskandar's budding health-care sector, which includes the 300-bed Gleneagles Medini Hospital - due to open in the second half of this year - and the 80-bed Columbia Asia Hospital in Nusajaya, which opened in 2010.
As at end October last year, health care accounted for RM2.59 billion or 1.7 per cent of cumulative committed investments in Iskandar since 2006.
[email protected]
- See more at: http://www.straitstimes.com/premium...hor-medical-hub-20150210#sthash.rUVGFnua.dpuf
Buyout deal will result in tertiary care hospital, among other features
PUBLISHED ON FEB 10, 2015 1:50 AM
BY RENNIE WHANG
TMC chief executive Wong Chiang Yin said the location of Thomson Iskandar (above), "in the heart of Johor Baru and close to Singapore", is a big plus.
SINGAPOREAN tycoon Peter Lim has stepped up plans to transform part of the land he owns in Iskandar into a medical hub.
TMC LifeSciences, a Malaysia- listed firm which he controls, is buying a health complex in the area for RM400 million (S$153 million).
Thomson Iskandar, as the hub is called, will be ready in 2018.
It is owned by a firm called Best Blend, which is in turn 70 per cent owned by Mr Lim, with Johor Crown Prince Tunku Ismail Idris holding the other 30 per cent.
The buyout deal announced last Friday will bring Thomson Iskandar into TMC, giving its investors a stake in the area's fast- growing medical sector.
TMC chief executive Wong Chiang Yin told The Straits Times yesterday: "Johor Baru is under-served in terms of the number of private hospitals and beds... There is scope for growth in the private hospital scene."
Thomson Iskandar's location "in the heart of Johor Baru and close to Singapore" is a big plus, he added. It is about 1km from the Causeway and will be home to a tertiary care hospital and an outpatient centre with 400 clinics by the time it is completed in 2018.
It will be part of Mr Lim's Vantage Bay project, which will include one of the tallest condos in Malaysia, a mall with a net lettable area of one million sq ft, a hotel as well as office blocks. The project is expected to take 10 years to complete. The Vantage Bay site is owned by a 70-30 joint venture between Mr Lim and the Johor royal family.
"We expect the majority of our customers to be Johoreans, but there should also be a substantial number of foreign patients, such as Singaporeans looking for affordable health care, and Indonesians," said Dr Wong.
The 1.6ha site for the medical hub has been approved for a hospital of up to 272 beds, but the one being built - Iskandariah Hospital - is eventually expected to have capacity for 500 beds, subject to regulatory approval.
Thomson International, a subsidiary of Thomson Medical, will manage the complex.
TMC is also increasing bed capacity at Tropicana Medical Centre, a hospital it owns in Kota Damansara in Selangor. There could eventually be 1,050 beds when both the Selangor and Johor Baru projects are fully developed.
TMC's shares closed at 64 sen last Friday before the announcement, but gained 12.5 per cent to 72 sen yesterday. The deal will be funded by the issuance of new TMC shares.
Dr Wong also said the acquisition underscored TMC's recovery from its loss-making days.
"The current management team came on board in 2012 and we are now firmly in the black. Now that we are profitable, it's time for us to look beyond Selangor," he said.
Thomson Iskandar will add to Iskandar's budding health-care sector, which includes the 300-bed Gleneagles Medini Hospital - due to open in the second half of this year - and the 80-bed Columbia Asia Hospital in Nusajaya, which opened in 2010.
As at end October last year, health care accounted for RM2.59 billion or 1.7 per cent of cumulative committed investments in Iskandar since 2006.
[email protected]
- See more at: http://www.straitstimes.com/premium...hor-medical-hub-20150210#sthash.rUVGFnua.dpuf
Actually Peter Lim and those with vested medical interest are smart. They know that Singapore health industry is in chaos due to the Singapore govt failure to increase the supply of hospital beds and doctors.
Long long Queues @ govt hospitals and the price is not cheap. I am speaking from personal experience.
So they offer cheaper alternative in JB for the locals to travel over with Sing dollars.
Long long Queues @ govt hospitals and the price is not cheap. I am speaking from personal experience.
So they offer cheaper alternative in JB for the locals to travel over with Sing dollars.
Looks like the latest property hotspot now is Cambodia... seeing many ads recently like The Bay @ Cambodia by small Singapore developer TEHO and The Skyline @ Cambodia (by unknown developer). I also got an email about THE BRIDGE @ Cambodia by Singapore big boy developer Oxley. Heard the sales is very good, prices from only $1xxK and there's 18% guaranteed rental yield too. Distance wise of course you can't just cross the causeway to get to Phnom Penh Cambodia 
Any thoughts?
Any thoughts?
Located in the city centre (newly developed area). Behind the famous Naga casino owned by a Malaysian tycoon and listed in HKSE under Nexus Resort. Next to Diamond island. Very near Tonle Sap river. Walking distance to the newly opened AEON shopping center. The Bridge is selling at least USD3000+ per sqm. My good friend owned two apartments in PP since 2012. Reported average ROI in PP is ard 7% by real estate agents. He said that even 7% ROI also difficult to achieve simply due to not many tenants or expats in town (PP is not a financial hub, active stock exchange like in Singapore). Even if have expats, also not those targeted ones bcoz there are many choices (quite good though) ranging from USD600 to USD2,000 rental per mth. Currently, PP is experiencing supply more than demand situation. Not easy to find long term sustainable tenant. In conclusion, not recommended to buy for investment purposes especially when u are not staying here. No back-up plan and guaranteed of return. Unless u are aiming at property price appreciation. But dunno when it happens again e.g. at least a decade? Hope this helps.
Thanks Clarence for the info!
the agent explained that THE BRIDGE has "Grade A commercial offices" that are under supply compared to apartments. Finally he said: there's no guarantee you will make money... There's also no guarantee that you won't make money. It's like 50-50 chance lolThanks Clarence for the info!
At least he is being honest. I do dislike when agents are singing praises to the property they marketed as though it is a sure win and everyone knows that in investment, there is no sure win... look at the recent tanglin penthouse sale... really hefty loss...
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