And just to add, sometimes her boss go over to JB (cos his branch factory is there), his entrance gate is missing etc....
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Condo Supply: Total no. of units in the pipeline.
- Thread starter sunriver
- Start date
Oh, I see, such meaningfull signature you have... Malaysians also agreed, the only reason is near Singapore...
Sounds like you have vast knowledge in investing properties...care to share which properties have you bought so far? Can give opinion about Botanika? This coming Saturday morning I am meeting an agent for Botanika to hear more about the project...
If you can be confident to buy 10 units in a project; you can go ahead and buy one.
If you buy one also worry; you are looking at a wrong project or wrong location.
Bayu Marina Resort is near the location you wish to buy; why not go there stay a night.....
If you decide to buy Botanika; choose those unit with waterfront view that can see both the waterway and Golf club opposite the waterway.
[video=youtube;AQzD3DpLRTI]http://www.youtube.com/watch?v=AQzD3DpLRTI[/video]
If you buy one also worry; you are looking at a wrong project or wrong location.
Bayu Marina Resort is near the location you wish to buy; why not go there stay a night.....
If you decide to buy Botanika; choose those unit with waterfront view that can see both the waterway and Golf club opposite the waterway.
[video=youtube;AQzD3DpLRTI]http://www.youtube.com/watch?v=AQzD3DpLRTI[/video]
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Very contradicting leh. If JB become ghost city why would anyone buy into "developer jacked up price" units???
I suspect you have not experienced a rotting old condo... especially in JB.
Expatriate market in JB is quite limited. There is a cluster in East Ledang and they intro their friends over. I got both my tenants without advertisement. I hear that there is a cluster in Leisure Farm too. Possibly there is a cluster in Horizon Hills as well but HH is a very big place. I believe there is also a cluster of expat at Molek area working at Pasir Gudang. These are primarily expats working in JB. A handful who do not mind travelling to Singapore stays in JB as well... but as you would expat the traffic and toll charges will ultimately determine if they will stay.
I never say "no one buy".
Ghost city can be sold out; yet not one come and stay.
Hence I repeat myself again and again.....
Ghost city have a occupancy rate lesser than 40%. (meant 10,000 units only 4,000 or lesser got occupants)
Ghost city can have a high bought rate of 80% or even more.
I am telling people whom buy and stay..... avoid potential ghost city....
Ghost city can be sold out; yet not one come and stay.
Hence I repeat myself again and again.....
Ghost city have a occupancy rate lesser than 40%. (meant 10,000 units only 4,000 or lesser got occupants)
Ghost city can have a high bought rate of 80% or even more.
I am telling people whom buy and stay..... avoid potential ghost city....
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Any project that requires foreigner purchasing RM$1m above is out of question for me...only consider those below that...
I heard from agent that got expats esp Japanese stays at Molek Regency there...a Japanese even buy a few units there at 1 go without even viewing it...
thanks for pictures/video...nice of you...
The agent that recommends this project bought a unit at Bayu Marina Resort..he early entry must have got it cheap cheap... I like the sceneries he send...Phase 1 all sold out within 2 weeks - bought mostly by Malaysians, Phase 2 launching on 13 Sept....only that this project need S$36K for downpayment+levy...waterfront/golf view would be nice but cost more of cost....might also consider D Secret as it requires low cash outlay...
The agent that recommends this project bought a unit at Bayu Marina Resort..he early entry must have got it cheap cheap... I like the sceneries he send...Phase 1 all sold out within 2 weeks - bought mostly by Malaysians, Phase 2 launching on 13 Sept....only that this project need S$36K for downpayment+levy...waterfront/golf view would be nice but cost more of cost....might also consider D Secret as it requires low cash outlay...
Can you enlighten me this 'rotten old condo' - give examples so aunty like me aware?
Most of the condos built before the present booms are quite old and run down. Sorry no time to post pictures for you nor recall the names. I did see penthouse in Tampoi before... the top floors are full of crows living there.
The rule of law is not as strong in Malaysia and it is quite common for people defaulting on maintenance charges. When your maintenance charge and sinking fund suffers, your condo will rot.
My advice is buy into landed at good locations. You will be more insulated when the condo pricing comes crashing down. The market is quite soft presently hence there are plenty of good buys.
In a ghost city, if you want to sell your property, you have to lelong. Whether you buy for own stay or investment it makes no difference.
Just a note to u that not all old condos are run down. I have seen condos more than 12 years at JBCC still very well maintained .
R&F Guangzhou analyst rating
https://www.moodys.com/research/Moo...t-leverage-weakens-rating-headroom--PR_295483
"However, downward rating pressure could emerge if: (1) the company significantly falls short of its property sales target; (2) it materially accelerates development, and/or executes an aggressive land acquisition plan, such that its liquidity weakens with cash falling substantially below the level of its short-term debt; or (3) debt increases substantially such that adjusted debt/capitalization fails to trend down to 60%, revenue/gross debt fails to trend up to 70%-80% in the next 6-12 months, or EBITDA/interest drops below 3x-3.5x."
https://www.moodys.com/research/Moo...t-leverage-weakens-rating-headroom--PR_295483
"However, downward rating pressure could emerge if: (1) the company significantly falls short of its property sales target; (2) it materially accelerates development, and/or executes an aggressive land acquisition plan, such that its liquidity weakens with cash falling substantially below the level of its short-term debt; or (3) debt increases substantially such that adjusted debt/capitalization fails to trend down to 60%, revenue/gross debt fails to trend up to 70%-80% in the next 6-12 months, or EBITDA/interest drops below 3x-3.5x."
Look at pic no 4! that's the sales chart!? looks like a NYSE trading board. That's the no of units on offer. All at once. That's why I dislike these two china company. screwing up a fragile market.
I don't recall reading many rejected units. The ground floor toilet location is not a major flaw if there is a fan extractor.
http://www.ecoworld.my/ecobotanic/downloads/Davenham_Leaflet.pdf
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