The next ones to be built will be the HSR and RTS !
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Property News
- Thread starter FHBH12
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The next ones to be built will be the HSR and RTS !
Infrastructure do not only just means roads but better roads and many other things like water supply, waste disposal, sanitation, electrical capacity, parking spaces, public transport, etc. and even public security, all has to be correspondingly improved.
Yeah One thing about Malaysia govt. When they decide on big projects, its never on time but they will complete it with delay.
When its opened, its a head-turner and improve the lives of so many people. I was amazed by the opening of Coastal highway.. it brings the price of Horizon Hills and East Ledang semis from RM 1m to RM 1.5 or Rm1.6 all of a sudden.
When its opened, its a head-turner and improve the lives of so many people. I was amazed by the opening of Coastal highway.. it brings the price of Horizon Hills and East Ledang semis from RM 1m to RM 1.5 or Rm1.6 all of a sudden.
So maybe double the 1.5m once the HSR is built ?
Dont think it will double again..Malaysia is developing very very fast. If it shoot up by 20% I will be a happy man. But given the prices that I bought for the units, I will be contented to relax and retire in even if the prices drop.
At least I dont have to lelong my units.
If you buy for relax and retirement, no worries whether the price double or half. It is a nice thought that your properties is worth so much but then again, you are not selling. Envy of so many investors here.
I don't see why anyone should envy me when my house in JB is the price of a 3-bedroom flat in a those olden part of Singapore. They can always do the same because like me, they wont lose millions.
If you buy for relax and retirement, no worries whether the price double or half. It is a nice thought that your properties is worth so much but then again, you are not selling. Envy of so many investors here.
Not everyone is like you. You have reserves. Many don't.
They scrape the bottom and pay minimum downpayment and borrow maximum, hoping for capital appreciation. Whether it is flip or own stay, the jitters is there when the JB property market is uncertain about tenancies and over supplies, They definitely won't lose millions but they certainly have to cough out monthly installments.
I still believe its a matter of whether they want or not. They are luckier than Malaysians who cant sell or rent their houses and come to Singapore to stay due to favourable exchange rate towards Singapore.
I have neighbours in Malaysia who are courier and security guards in Singapore. They rent out their HDBs and stay in small landed in Malaysia. Just troublesome for the kids though.
I have neighbours in Malaysia who are courier and security guards in Singapore. They rent out their HDBs and stay in small landed in Malaysia. Just troublesome for the kids though.
From propertyguru 6/2/2015.
http://www.propertyguru.com.my/property-news/2015/2/82951/demand-for-high-end-homes-to-wane-experts
Demand for high-end homes to wane: experts
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia
Feb 06, 2015
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While demand for luxury residential properties priced at RM1 million and above is falling due to a supply glut in the high-end market, the demand for affordable houses costing below RM500,000 will continue to be bolstered by Malaysia’s expanding working population, according to experts who attended the 2015 Property Market Outlook seminar.
“Currently, there is an oversupply of high-end condominiums and offices,” said James Wong, the Organising Chairman of the event.
This was obvious as home builders were releasing fewer projects in the past few months, he said. Aside from that, there had been an increase in the number of repossessed properties, while banks have imposed stricter lending criteria.
“We have been seeing correctional signs since the fourth quarter of 2014. Coupled with the oversupply, we suspect this will not be a good year for the property market,” predicted Wong, who is also a Chartered Surveyor and Director for VPC Alliance.
Furthermore, rating agency Moody’s Investors Service recently forecasted that the demand for Malaysian houses will ease further this year given the weak buying sentiment and cooling measures introduced by the government in 2013.
In particular, home builders focusing on Johor, Penang, Selangor and Kuala Lumpur will be the most affected as they will struggle to achieve their sales targets, it said.
As such, Malaysia’s residential property market is expected to slow down in 2015, added Faizan Abdul Rahman, Deputy Director-General of the Valuation and Property Services Department.
“Nevertheless, the residential property market will continue to sustain, underpinned by the growing working population and first-time home buyers.”
He also revealed that the total value of properties sold increased by about 15.8 percent to RM124 billion in the first three quarters of 2014 as compared to same period in the preceding year. However, transaction volume grew at a slower pace.
Image source: The Malay Mail
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
http://www.propertyguru.com.my/property-news/2015/2/82951/demand-for-high-end-homes-to-wane-experts
Demand for high-end homes to wane: experts
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia
Feb 06, 2015
Facebook Twitter Google+ Email Comment
While demand for luxury residential properties priced at RM1 million and above is falling due to a supply glut in the high-end market, the demand for affordable houses costing below RM500,000 will continue to be bolstered by Malaysia’s expanding working population, according to experts who attended the 2015 Property Market Outlook seminar.
“Currently, there is an oversupply of high-end condominiums and offices,” said James Wong, the Organising Chairman of the event.
This was obvious as home builders were releasing fewer projects in the past few months, he said. Aside from that, there had been an increase in the number of repossessed properties, while banks have imposed stricter lending criteria.
“We have been seeing correctional signs since the fourth quarter of 2014. Coupled with the oversupply, we suspect this will not be a good year for the property market,” predicted Wong, who is also a Chartered Surveyor and Director for VPC Alliance.
Furthermore, rating agency Moody’s Investors Service recently forecasted that the demand for Malaysian houses will ease further this year given the weak buying sentiment and cooling measures introduced by the government in 2013.
In particular, home builders focusing on Johor, Penang, Selangor and Kuala Lumpur will be the most affected as they will struggle to achieve their sales targets, it said.
As such, Malaysia’s residential property market is expected to slow down in 2015, added Faizan Abdul Rahman, Deputy Director-General of the Valuation and Property Services Department.
“Nevertheless, the residential property market will continue to sustain, underpinned by the growing working population and first-time home buyers.”
He also revealed that the total value of properties sold increased by about 15.8 percent to RM124 billion in the first three quarters of 2014 as compared to same period in the preceding year. However, transaction volume grew at a slower pace.
Image source: The Malay Mail
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
Rowsley's Johor project gets special exemptions from govt
PUBLISHED ON FEB 19, 2015 1:09 AM
Published on Feb 19, 2015 1:09 AM
DEVELOPER Rowsley has received special exemptions for its residential project Skies in Vantage Bay, in Johor, such as a lower minimum purchase price and higher foreign buyer quota.
The 75-storey Skies has been exempted from the usual RM1 million (S$379,160) minimum price applying to property purchases by foreigners.
The project will be subject to a RM500,000 minimum purchase price instead.
Its foreign buyer quota has been dramatically lifted from the usual 30 per cent to 92 per cent.
Chief executive Lock Wai Han told The Straits Times yesterday: "The RM1 million waiver is something that's quite special, not many projects have got it."
Skies is part of the $2.2 billion Vantage Bay integrated project being built by Rowsley. The site is owned by a 70-30 joint venture between tycoon Peter Lim and the Johor royal family.
Vantage Bay will also feature a health hub, which includes a tertiary care hospital by TMC LifeSciences, a Malaysia-listed firm Mr Lim controls.
Mr Lock said in a phone interview: "Due to the integrated and lifestyle nature of this whole development, the government has recognised it as one of four catalytic nodes, on a par with Medini, so we've been given some special privileges."
The Straits Times earlier reported that Medini in Nusajaya is exempt from the tighter rules.
Mr Lock said there is no estimated date for Skies' launch as the market now is soft and Rowsley will wait for it to pick up before deciding on a launch date.
Skies is still in the process of getting the advertising permit and developer's licence it needs to sell the apartments.
The developer also announced that it will develop and manage a US$550 million (S$746.5 million) mixed-used development in Yangon, Myanmar, with Vietnam's Hoang Anh Gia Lai Joint Stock Company.
The project features four office blocks, a five-star hotel, a retail mall and more than 1,000 serviced and residential apartments.
Earlier this week, Rowsley reported that for the 12 months ended Dec 31, net profit was $49.4 million compared with a net loss of $226.3 million a year earlier. Revenue rose 288 per cent to $87.2 million. It added that this is its "first full-year performance as a transformed integrated real estate group".
Full-year earnings per share was 1.162 cents up from loss per share of 10.52 cents a year earlier, while net asset value as at Dec 31 was 11.78 cents, up from 10.87 cents a year earlier.
[email protected]
- See more at: http://www.straitstimes.com/premium...exemptions-govt-20150219#sthash.xzGJwmns.dpuf
PUBLISHED ON FEB 19, 2015 1:09 AM
Published on Feb 19, 2015 1:09 AM
DEVELOPER Rowsley has received special exemptions for its residential project Skies in Vantage Bay, in Johor, such as a lower minimum purchase price and higher foreign buyer quota.
The 75-storey Skies has been exempted from the usual RM1 million (S$379,160) minimum price applying to property purchases by foreigners.
The project will be subject to a RM500,000 minimum purchase price instead.
Its foreign buyer quota has been dramatically lifted from the usual 30 per cent to 92 per cent.
Chief executive Lock Wai Han told The Straits Times yesterday: "The RM1 million waiver is something that's quite special, not many projects have got it."
Skies is part of the $2.2 billion Vantage Bay integrated project being built by Rowsley. The site is owned by a 70-30 joint venture between tycoon Peter Lim and the Johor royal family.
Vantage Bay will also feature a health hub, which includes a tertiary care hospital by TMC LifeSciences, a Malaysia-listed firm Mr Lim controls.
Mr Lock said in a phone interview: "Due to the integrated and lifestyle nature of this whole development, the government has recognised it as one of four catalytic nodes, on a par with Medini, so we've been given some special privileges."
The Straits Times earlier reported that Medini in Nusajaya is exempt from the tighter rules.
Mr Lock said there is no estimated date for Skies' launch as the market now is soft and Rowsley will wait for it to pick up before deciding on a launch date.
Skies is still in the process of getting the advertising permit and developer's licence it needs to sell the apartments.
The developer also announced that it will develop and manage a US$550 million (S$746.5 million) mixed-used development in Yangon, Myanmar, with Vietnam's Hoang Anh Gia Lai Joint Stock Company.
The project features four office blocks, a five-star hotel, a retail mall and more than 1,000 serviced and residential apartments.
Earlier this week, Rowsley reported that for the 12 months ended Dec 31, net profit was $49.4 million compared with a net loss of $226.3 million a year earlier. Revenue rose 288 per cent to $87.2 million. It added that this is its "first full-year performance as a transformed integrated real estate group".
Full-year earnings per share was 1.162 cents up from loss per share of 10.52 cents a year earlier, while net asset value as at Dec 31 was 11.78 cents, up from 10.87 cents a year earlier.
[email protected]
- See more at: http://www.straitstimes.com/premium...exemptions-govt-20150219#sthash.xzGJwmns.dpuf
MALAYSIA'S biggest reclamation project is raising concerns over a potential oversupply of homes in Johor, marine environmental damage in the Strait of Johor and the effect it may have on the livelihood of hundreds of fishermen. At Kampung Pok, tucked under the Second Link that connects Johor to Singapore, some residents are making known what they think of Chinese developer Country Garden's ambitious plan to raise four islands that total nearly three times the size of Sentosa at their doorstep.
The future, as gleaned from the rush of developers into the southern Johor investment zone Iskandar, is one of luxury homes in gated communities. The projects are targeted at the wealthy, including Singaporeans, and some units have been sold to buyers from China. "With all the new projects, I don't think it will be as easy to get tenants as before," said a Singaporean resident of Causeway View, an estate just 600m from the Causeway. He had previously bought a condominium unit in Johor for RM250,000 and rented it out, but he has since sold it.
Country Garden's Danga Bay project had set off alarm bells over a potential glut of units when it launched a whopping 9,400 homes for sale in 2013. Since then, more Chinese developers have unveiled plans for mega projects.
On the JB side of the Causeway, China developer R&F Properties is reclaiming both sides of the Strait of Johor for its development. The 47.1ha project offers what it calls a "hopsca" lifestyle - hotels, offices, parks, shopping malls, clubhouses and apartments. Dozens of tower blocks are being planned.
Two Malaysian developers with projects in southern Johor declined to comment on whether the large projects are building up to a glut. One said things still remain murky as developers of some coastal projects have not confirmed how many units they plan to launch.
FULL STORY
- See more at: http://business.asiaone.com/propert...ver-johors-mega-projects#sthash.ZdvDYcs6.dpuf
The future, as gleaned from the rush of developers into the southern Johor investment zone Iskandar, is one of luxury homes in gated communities. The projects are targeted at the wealthy, including Singaporeans, and some units have been sold to buyers from China. "With all the new projects, I don't think it will be as easy to get tenants as before," said a Singaporean resident of Causeway View, an estate just 600m from the Causeway. He had previously bought a condominium unit in Johor for RM250,000 and rented it out, but he has since sold it.
Country Garden's Danga Bay project had set off alarm bells over a potential glut of units when it launched a whopping 9,400 homes for sale in 2013. Since then, more Chinese developers have unveiled plans for mega projects.
On the JB side of the Causeway, China developer R&F Properties is reclaiming both sides of the Strait of Johor for its development. The 47.1ha project offers what it calls a "hopsca" lifestyle - hotels, offices, parks, shopping malls, clubhouses and apartments. Dozens of tower blocks are being planned.
Two Malaysian developers with projects in southern Johor declined to comment on whether the large projects are building up to a glut. One said things still remain murky as developers of some coastal projects have not confirmed how many units they plan to launch.
FULL STORY
- See more at: http://business.asiaone.com/propert...ver-johors-mega-projects#sthash.ZdvDYcs6.dpuf
They did but without much success, only to be paid off with some teeny weeny peanuts compensation for income loss.
I can understand the reasons for reclamation in Danga Bay and the Central area, but why reclaim from the sea to raise 4 islands in the most remote part of western JB that when you look across from there, you only get to see the Tuas Industrial estate!
After all, the place is super ulu and surely not the most scenic or convenient location and with the Port Pelepas just nearby, the water will not be clean while the coastline are all mangrove swamps and no sandy beaches.
Also, where the reclamation area is, just immediately behind it are hundreds of thousand of acres of forested land or old plantation where clearing it is tens of times cheaper than land reclamation, it just makes no economic sense!
Unless, the real purpose for the islands is not so much for residential and someone is thinking of replicating another Sentosa Island, complete with casinos and theme parks...........
But the casino n theme parks can also be built at the mangrove area ? No need to reclaim land.
An island casino will be more easily accepted by the Muslims compared to 1 in the mainland.
Not so easy to access for most people..............like there is already one far away and high up in the mountains, also for the same reason.......... against having it in the urban area.
On mainland, anyone can also come on motorbike.
Yup. No way they can justify a casino on mainland Malaysia unless on top a remote mountain or island.
Guess that's the reason for the island which is much more expensive to create for the same area than clearing the forest on the adjacent land, otherwise, it just don't add up the sum if its for residential.
If the really wanted great sea view, further towards the west, you can have great sea view of the Malacca Straits, REAL SEA VIEW, not like those of Country Garden or Princess Cove.
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