Re: Investing in Nusajaya
For the past few mths of daily researching n reading up on Iskandar's properties, have found many useful info n insights frm various forums, of which 1 would be right here...and happy to say that i have secured a new unit myself. However since the beginning up till now, everyday i read up on new posting with mix emotions. 1st-ly im a msian myself (a spr), like many im buying a house for own consumption yet do not want to be too far away frm spore as i've spent most of my life in SG, where all my good friends are sporean, thus johor properties seem like a natural choice. Next , i belive what im gona say will probably ruffle some feathers.
On 1 hand being a m'sian i would love to see msia (specifically in this context, johor) prosper and achieve economic progress, on the other hand, i feel upset whenever i hear abt sporean getting ripped off doing business in msia, or paid for a housing project that gets abandoned halfway thru or...take the plunge into a purchase and got confused into buying something that's overpriced.
Now my rantings....in this particular forum which draws thousands of readership regarding properties in iskandar johor, im not surprised that there are many many johor real estate agents amongst us here, and i see some really clever marketing of properties. Well fine, as long as genuine house hunters get useful info, then all is good. But increasingly i smell many rats n smelly fishes doing their rounds in a bid to apply pressure on potential purchasers to committ on a purchase (there are only a handful of active agents in johor's market, by coming together to promote properties, its only a matter of time when the units they are marketing gets picked, so its really ok to remain anonymous n continue posting here). So genuine home hunters, do not just believe all that you read, property purchase is (no matter how cheap, or no matter how strong SG currency is) proceed with care and do your own logical research b4 you take that plunge.
Last but not least, to our friend spidey's post, here's my 2 cents worth:
Bros, Over the weekend and yesterday day off, I went to a few places in JB as recommended by a few Bros here to get a feel of the place as well as the location (drive there, and check out the distance)...and end of the day, my hunt didn't go too well...
My budget was slightly above 500k - and I would like a small land at the side - (looking for corner or end lot with 10 ft land) and realized that places like :
HH - No way can get a one!
Nusa Sentral/Idamand - same case...intermediate is already going above > 500k
Putting aside uncertainty whether u r sporean or msian, you have just wasted 1 whole day of your life getting wrong info. NI intermediate starts frm RM450k, end lot corner frm 539k. And that's b4 discount. The only intermediate going for 500k and above are a couple of subsale units. Next Nusa Sentral, this is even more absurd...intermediate new currently frm 360k with further 10% rebate=rm330k, hugeeee corner with 15-20 feet land going for RM550k (after 10% rebate=RM490k <--------------Perfect for your budget, if u are really putting in your hard earned $, i dont think u would've missed out on this important price point)
Bukit Indah - new ones > 500k for corner and do not like the quality - for > 550k and the front does not even comes with tiles!!! and the floor is not even marble/ or the huge shinning tiles, it's the small tiles type - personally i don't see quality in Bukit Indah - just that's it located near Tuas! paying 500k for an intermediate lot and then another 100k to renovate!! to me not worth it...(my personal feel)
Went to look for resale market - < 500K, there are units being sold <500k , but you wouldn't venture there - condition is really bad and without G&G....so no point!! These are older launches...
Again i seriously do not know where u get all this info, while not as bad as your homework on NI/Nusa Sentral, there are still fairly new subsale units Gated&Guarded for below RM400k
EL - No need to see
Puteri Harbour - No need to se
I think from HH onwards to Tuas checkpoint - No need to see already - All > 600k liao!!!
Austin Hills - don't like the location - but I think is also more than 550k for corner.
Austin Heights - nothing for sale yet, but launching cluster homes - cheapest >600k
Setia Cascadia - put in a deposit - but all sold out...like the design and area...sales girl will let me know if there is a pull out...only the 501k intermediate lots! if corner no need to say ...above my budget!!
This is my current best one todate!!!
Setia Tropika - also intermediate lot already >500k...saw some Garage houses - don't like the design at all...left 2 units..other no need to see - all >500k...all others sold out!!
At least a couple of subsale unit below RM500k
Setia Indah - all > 500k - design like Bukit Indah....don't see the quality there and going for >500k for corner lots - left 1 or 2 units - bumi release lot! Area so so - a lot of twisting and turning getting into the housing estate...
Taman Daya - no need to see ....all old houses..
I went to Addax(I can't recall the name...but very high class place and very nice), near to Setia Tropika - no need to see...
So, Bros - looks like it's really difficult to find anything for around 500k in JB now if you want a corner house with land and in a good location!!!
That sums my hunt...
My summary /interpretation is this: From a fresh reader's perspective, i would have interpreted it as: Damn, i better hurry up n buy smthing cos even at 500k i cant get a decent gated&guarded house....wat the heck, 600k quickly go grab 1st. After buying n move in, realise neighbour's house for sale for 400k for past 6 mths still no buyer, end up either auction or sell to his/her agent for 350k. End of the day sporean buy expensive/overpriced house, poor uneducated johor uncle sell house away cheaply, housing market gets inflated, local johorean blames sporean for high property prices. Well, i might get shot n flamed for this long posting, but i sincerely hope there are as many who will benefit frm my sharing.
