Property News

snowbird said:

We are discussing about property investment prospect in JB here so lets just talk about JB and stop dragging in Singapore or any other city which is totally out of context here.
Many other countries are also experiencing downturn, economy slowdown, so SG or MY should not be spared especially SG which is extremely dependent on external factors.
Readers should be informed of good news to boost their confidence, especially the investors seeking rental or resale with high returns which I believe what you are trying to do but also need to be informed of the not too good news and be aware of the situation they are in or will be in and to have a balanced view.

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Tekkun said:

I am actually talking about ripple effects and the impacts of an upcoming project. If want to invest, must know which location to put money. They must know who are their target market. I find some people buy and then hope for the best without knowing who their potentials are. It applies to residentials or industrials. They must be able to see what are the supporting industries that will tag along, in this case the petroleum complex.

Those O&G companies that close down in Singapore moved into Malaysia. I think readers should know the trend in relocating offices as well.

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Tekkun said:

Good move by Petronas. It is old news...Why spend so much on in a industry when oil prices is at bad times like this. It is called putting the priorties right. The gylcols and polymers project are more than enough to chew already.

I like your style. Would you like me to highlight Singapore ones as well? Shall we start with this?

Axe to fall on hundreds more in Singapore oil & gas sector - See more at: http://business.asiaone.com/news/ax...singapore-oil-gas-sector#sthash.5kchBHkP.dpuf

or this:

Another O&M player exits Singapore for Kuala Lumpur - See more at: http://business.asiaone.com/news/another-om-player-exits-singapore-kuala-lumpur#sthash.8riTIJ2f.dpuf

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snowbird said:

You are also absolutely wrong here, this is definitely NOT OLD NEWS!
You must be referring to Petronas' announcement about 2 months ago on cutting Capital Expenditure by a whopping RM15 to RM 20 billions.
PETRONAS has to do this, its not a strategic move but rather a cut cost "bo bian" move so there's nothing good about this decision.
I am not referring to this but using it only as my reference link to that news.
When PETRONAS made that announcement in Feb, they did not provide any details and everyone in MY were hoping and wishing that it only affect other overseas projects in some far flung corners on earth and will have minimal effect on them.
But the announcement last Thursday confirmed on scrapping of the RM5.1 billion project in JB and this is what I'm talking about and unless a 3 day old news is old news to you.
The cancelling of this project will have a great impact on the projected employment and housing requirement as well as related supporting industries like construction, logistics, transportation etc.

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snowbird said:

You are also absolutely wrong here, this is definitely NOT OLD NEWS!
You must be referring to Petronas' announcement about 2 months ago on cutting Capital Expenditure by a whopping RM15 to RM 20 billions.
PETRONAS has to do this, its not a strategic move but rather a cut cost "bo bian" move so there's nothing good about this decision.
I am not referring to this but using it only as my reference link to that news.
When PETRONAS made that announcement in Feb, they did not provide any details and everyone in MY were hoping and wishing that it only affect other overseas projects in some far flung corners on earth and will have minimal effect on them.
But the announcement last Thursday confirmed on scrapping of the RM5.1 billion project in JB and this is what I'm talking about and unless a 3 day old news is old news to you.
The cancelling of this project will have a great impact on the projected employment and housing requirement as well as related supporting industries like construction, logistics, transportation etc.

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xebay11 said:

Aya best is don't speculate on housing, especially in Malaysia buy for own stay and enjoy the lower cost life. For me, I have so many unresolved issues, or else I will pull the trigger for a landed property in MY. Biggest issue is how to get the house occupied. No one in my family wants to live in Johor.

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xebay11 said:

Aya best is don't speculate on housing, especially in Malaysia buy for own stay and enjoy the lower cost life. For me, I have so many unresolved issues, or else I will pull the trigger for a landed property in MY. Biggest issue is how to get the house occupied. No one in my family wants to live in Johor.

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xebay11 said:

Aya best is don't speculate on housing, especially in Malaysia buy for own stay and enjoy the lower cost life. For me, I have so many unresolved issues, or else I will pull the trigger for a landed property in MY. Biggest issue is how to get the house occupied. No one in my family wants to live in Johor.

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freekazoid said:

This is Petronas Refinery and Petrochemical Integrated Development (RAPID)....taken few days ago off flight take off from Changi.

Recently read there a mini mart in PH, have more interest to visit and well being of this mini mart than Pegerang

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freekazoid said:

Curious this come from the one and only....where would be your area of interest to own landed in MY?

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Tekkun said:

No one invest in residentials for Oil & Gas complex. It is all for industrial properties.

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snowbird said:

You are wrong again!

When the Pengerang Integrated Petroleum Complex (PIPC) was given the green light 2 years ago, there were so much excitement.
Ministers were giving out projections on employment and housing needs upon the completion of this mega project and how much buzz this project will create.
As much as 600,000 employees will be required and tens of thousands of new housing unit will be needed for this and its supporting industries and businesses, they said
And now 2 years later, everything had changed drastically and PIPC is becoming a non event very soon.
The elastomers project (RM5.1bil), which is part of the PIPC, had been just scrapped last week.
Again, announced by the Johor Petroleum Development Corp (JPDC) chief last week, major works at the PIPC will be after 2019!

http://www.thestar.com.my/business/business-news/2016/04/14/lift-for-pengerang-after-2019/

Also don't forget that Petronas will be slashing up to RM20 billion capital expenditure this year and they have yet to announce which one will be the next.

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freekazoid said:

This is Petronas Refinery and Petrochemical Integrated Development (RAPID)....taken few days ago off flight take off from Changi.

Recently read there a mini mart in PH, have more interest to visit and well being of this mini mart than Pegerang

View attachment 26311

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Tekkun said:

So you think I am wrong on going for industrials and should go for residentials instead?

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freekazoid said:

AirAsia starts JB-Guangzhou route next

Johor: AirAsia is poised to make Johor Bahru the gateway for Chinese travellers to Southern Peninsular Malaysia with the introduction of AirAsia's new direct flight to Guangzhou, which is scheduled to commence operations on 29 May 2016.
The daily flights connecting Johor Baru and Guangzhou will be the airline's 17th route into China from Malaysia, and the second route into China launched this year after Shantou.

Celebratory all-in-fares from as low as RM88* one way are available for booking online at airasia.com from Friday until 28 April 2016, for the travel period of 29 May to 29 Oct 2016. Alternatively, the promotional fares are also available on AirAsia's mobile app on iPhone and Android devices, as well as the mobile site mobile.airasia.com.

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snowbird said:

I am not suggesting anything, just correcting your line "No one invest in residentials for Oil & Gas complex"
On the contrary, if you had read my earlier post carefully, people were encouraged to invest into property in time for the completion of the PIPC and many did just that.
Hopefully their new property will not have to be mothballed for another few more years.

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Frodo said:

http://sbr.com.sg/source/propertyguru/luxury-home-prices-slump-amid-rental-rout

It is not always rosy and bao jiak when buying properties in Singapore. When the chips are down, some may face greater losses compared to a $300K loss in JB. Moreover it may be easier to hold a $300k JB property compared to a $1.3million or more SG condo.

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