Living in JB

[Narmi]

I am mentioning this for a 2nd time and i also remembered another bro mentioning this but where is bro AP? I hope he is fine. Missed his wry humor and comments.

 

[lastresort]

You sounded exactly like a close friend of mine, he just made such a remark last week and he only came here once, told me he wants to come in next weekend.

hehe, imagine 70% of the imperia buyers are Singaporeans. If we say half of them are buying to stay. The rest are expats staying here, there will definitely be market for these fine places. 5 years ago, we wouldn't have imagined a large plantation would become what it is today. I am sure 10 years later it will transform again, hopefully beyond what we can imagine now.

 

[Investor]

Thanks Investor, a learned bro of mine shared with me the detailed drawings and another ones wife pointed me like a shining beacon as she was involved in some projects from the SG side so i went ahead with buying more. At that time, i was already in here, highway or not.

Hi Wuqi,
I know that you can't post the info in public, can you PM me instead regarding the info you've received?

 

[wuqi256]

Totally agree to both... I am waiting. That is why I hope the they launch earlier or the price do not appreciate too much for nusajaya area till I finish my shopping.... Ha ha....

Cheers,
PH

Congrats, i would rather burn brightly and go straight to ashes than those who never took the chance to shine for once.

Living without trying is like drinking without tasting. Life has so many things to offer and definitely not just in one location.
A learned friend of mine once told me,

The world is yours, if you are willing to first believe and then to take it.

The world is full of learned people, no matter what their vocations are. Some of the best guidance given to me in life was spent talking and listening to taxi drivers, factory workers and aged people in homes. People that are automatically dismissed by most even before they have the chance to talk. I respect greatly a HR friend of mine who told me this:

If i can choose between being intelligent or wise, i would rather be wise. Intelligent people have to learn from their mistakes and experience before they turned wise.

I in turn, drew this chart in my mind:

Bad judgement --> Experience --> Good judgement

 

[lastresort]

A lone Sg Porsche 911 Carrera zoomed passed me on the part of Coastal highway, from HH to Medini, which is still not open to public yet(we both entered illegally). He was obviously exploring Nusajaya too

There was a golf tournament in HH the last time I went organised by BMW, the whole compound near the clubhouse was full of BMWs parked literally Everywhere!

This weekend, the Iskandar Open will be held in HH. I am sure more than BMWs will be there! Already one of the cluster house owners drives latest Lambo. I expect more of such cars venturing into Iskandar.

 

[wuqi256]

If one can free oneself from the fear of making a bad judgement, one could easily learn from the bad judgement and move on to making more good judgment.

Its the fear of what you fear that is crippling you. I too drank the peanut porridge while serving my country filled with my own blood, sweat and tears.
If most of us can survive that and we gritted our teeth and pulled through, what else is there to fear?

To quote a learned Corporal of mine who "Go forth and multiply!!!"

 

[wuqi256]

This weekend, the Iskandar Open will be held in HH. I am sure more than BMWs will be there! Already one of the cluster house owners drives latest Lambo. I expect more of such cars venturing into Iskandar.

Yes, i have passes but i won't be there. Likely will pass the passes to my friends though i haven't receive them yet.

 

[lastresort]

Hi Wuqi,
I know that you can't post the info in public, can you PM me instead regarding the info you've received?

Me want too! if you don't mind sharing.. heh

 

[lastresort]

To quote a learned Corporal of mine who "Go forth and multiply!!!"

“No matter how great the talent or effort, some things just take time: you can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett

 

[lastresort]

Yes, i have passes but i won't be there. Likely will pass the passes to my friends though i haven't receive them yet.

=) so nice of you. I am sure it will be jam packed.

 

[wuqi256]

Hi Wuqi,
I know that you can't post the info in public, can you PM me instead regarding the info you've received?

Hi Investor, some of these are now already in the public domain such as the pdf from UEM, some documents i
can't share as he only meant to show it to me. Some are from other organisations based in Singapore..

Lets just say what i saw made me really pretty impressed with the amount of faith is in the place.
Being the kind of guy i was, went straight back to SG, transferred money and brought the rest over.

That afternoon, i did what i felt was right and surprised the developers/agents as i had no other questions
except to ask the price.

I then went on to share with every relative and friend who i cared about, started this thread, bought more
and never looked back since.

 

[wuqi256]

“No matter how great the talent or effort, some things just take time: you can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett

Agree, sometimes time is not on our side. Its the feeling that the boobytrapped door is closing in on people and yet still lots still inside, some don't even know the door is closing, some still don't want to believe it. Regardless of whether they are interested here or not, i just want to help people realise there is a land outside the borders and we have options. I wish more people can risk their fears and come over here rather than to just give up on themselves and go straight to Bedok Reservoir. There are always other options and choices.

True, people have been going there way before i ever did (i was certainly one of the stauchest anti JB guy once) but the only difference between them and myself is that i am a believer.

I once encouraged some people who were bankrupts and insisted they don't give up but work consistently towards discharging themselves. I am glad to see they are doing fine now. The only time to give up is when you are already embalmed and six feet under.

 

[wuqi256]

Me want too! if you don't mind sharing.. heh

I can send you the ones related to the meetings, etc UEM had but these are now already
available on their sites.

I seriously don't know a lot but what i knew convinced me to do the right thing for my family.
Now, sceptical friends are asking me about JB.

One relative even recently claimed to my dad she introduced me to Johor 3 years back.
I just smiled to my dad when he told me about that.

 

[Investor]

Hi Investor, some of these are now already in the public domain such as the pdf from UEM, some documents i
can't share as he only meant to show it to me. Some are from other organisations based in Singapore..

Lets just say what i saw made me really pretty impressed with the amount of faith is in the place.
Being the kind of guy i was, went straight back to SG, transferred money and brought the rest over.

That afternoon, i did what i felt was right and surprised the developers/agents as i had no other questions
except to ask the price.

I then went on to share with every relative and friend who i cared about, started this thread, bought more
and never looked back since.

Thanks for sharing, hearing those words from you is as good as seeing the info with my own eyes

 

[lastresort]

I can send you the ones related to the meetings, etc UEM had but these are now already
available on their sites.

I seriously don't know a lot but what i knew convinced me to do the right thing for my family.
Now, sceptical friends are asking me about JB.

One relative even recently claimed to my dad she introduced me to Johor 3 years back.
I just smiled to my dad when he told me about that.

Thanks Wuqi. I am sure even if she did introduce you, she did not believe as much as you did to move in entirely with your family and put in everything and encourage more to follow. Saying is easier than doing. What you have done is so much more than just introducing.

 

[teck21]

Made my first trip today. Very glad I did, time to complete due diligence regarding a move, and then making it.

We have left with a favourable impression of living in HH, taking into account several considerations. Will continue to explore other residential developments around Nusajaya still though.

Our understanding of the area is still very limited, and we were doing a lot of blind driving today.

I must admit though that I was rather surprised at the state of development of the area. From what I'd been reading and hearing, I honestly thought the overall development of the area would be more advanced than what I saw. Then again, I didn't go to Medini or Kota Iskandar etc, and additional visits will probably give me cause to change my view.

Again, all advice taken on board and appreciated.

 

[Puteri harbour]

Totally agree... By hearing as many people as possible actually minimise bad judgement. To be truth, it has been about 10 years since I hear taxi driver talk about their life. Ever since I drove a car...

I think When come to properties, I can be quite risky as well. All my properties in Singapore are all in one location. In Johor, I may end up having all in medini and puteri harbour.

Thanks for the pointers....
Cheers,
PH

Congrats, i would rather burn brightly and go straight to ashes than those who never took the chance to shine for once.

Living without trying is like drinking without tasting. Life has so many things to offer and definitely not just in one location.
A learned friend of mine once told me,

The world is yours, if you are willing to first believe and then to take it.

The world is full of learned people, no matter what their vocations are. Some of the best guidance given to me in life was spent talking and listening to taxi drivers, factory workers and aged people in homes. People that are automatically dismissed by most even before they have the chance to talk. I respect greatly a HR friend of mine who told me this:

If i can choose between being intelligent or wise, i would rather be wise. Intelligent people have to learn from their mistakes and experience before they turned wise.

I in turn, drew this chart in my mind:

Bad judgement --> Experience --> Good judgement

 

[Lizzert]

Hi Lizzert, you got the Impiana is it? Brought friends over very recently, no landed left so only condos. Saw units at Imperia as well, 700 plus psft but featuring a lot of nice add ons like centralized vacuum, aircon and grohe toilet stuff.

Wuqi, Yes, the price includes most of the fittings in the show flat.except Fridge, oven and water heaters. But everything else is provided which was another plus point.
I didnt pay that much as I took a 3 rm pool facing unit from the lower block. There werent many left..but the taller block was asking for more psf. In any case, its a good buy for me as the location, size and costs suited my needs. Sorry for late reply as I was away over the last few days. Think they had a launch party/viewing event this weekend -got an invite from UEM in the email.

 

[contra]

Oh the sales guy from Puteri Harbour gave me the wrong info. He said that Danga Island is 99 years.

Anyway it's not surprising to me as I myself would prefer Puteri Harbour to Danga Island. Don't forget that Puteri Harbour has a future CIQ, indoor theme park, Kota Iskandar and Medini(Nusjaya's CBD) just nearby. The feel of the whole surrounding is simply 'brand new city'! But with the opening of Coastal Highway, I believe interest will slowly increase for Danga Island too.

Is Puteri Harbour really freehold? (Medini next door is 99 yrs leasehold).....owner of both same > UEM Land.

 

[contra]

MAS stance is always there. US and Europe is also import a lot from china. Why then do they want their currency to weaken against the yuan? Currency strength is determine by economic growth and government maturity to match global inflation.

Economic growth. If a country A grow faster than country B, naturally the currency of the country A should strengthen over time. Developing country are usually self sufficient at initial stage of growth. As growth pick up, they will need to import talents and technology where it is more costly than exporting low value added electronics and farm products. At one point Malaysia may not have enough resource for themselves. One good example is oil.

Government maturity on global inflation. If every government in the world allow their property to go up 100% in the next 10 years. And our govt allow the prices to stay put. Our people will be happy but (Assuming currency is stable) we will be poorer relative to the world. You need a strong government to implement such unfriendly policies. Weak govt have to make her people happy and as a result make the whole country poorer. Price growth and Appreciating currency is needed to attract investment. If not, nobody will invest in your country if they know their investment is depreciate every year.

In my previous post, I also mention that weak currency only protect inefficient exporters. To up the technology curve, Malaysia need to gradually appreciate its currency to have a balance between not damaging export and gradually making its companies more efficient.

Singapore export almost 70% of global oil rigs and the subsequent repair and maintenance works. But out currency strength against most currencies. Why? Bottom line of competition is still value added and not pricing.
Hope this will give you some in depth thoughts.....

Just sharing what I have learnt from the many people I met.

Cheers,
PH

Hi PH & Investor,

I will share my opinion ; please do not bank on currency appreciation to make a positive return. The Ringgit will never catch up with the SGD unless the two countries merge - wont happen in our lifetime.. Why the Ringgit is weaker is that Malaysia is running a Budget deficit of around 6% of GDP while Singapore has been on much healthier surplus for a much longer time. This is the main driver of fx rates.

Above all else, foreign investors prefer stable currency. Malaysia is blessed with good natural resources to sustain the Ringgit's strength while Singapore is blessed with a good system (from an objective economic point of view, that is). You would have noticed of late both have strengthened against the USD in tandem. 2.4 levels no matter how the USD fluctuated.

So what is positive for investors in Nusajaya then?

1) I will say the relative appreciation of property prices bw Singapore & JB. We can say JB started from its lowest around 3 years ago. It is a laggard vs other parts of Malaysia because of the now-irrelevant political situation that had prevailed for the last dozen years. Interestingly the recent acceleration of JB prop prices has been mirrored by the number of posts in this forum, particularly this year when serious love-making started to happen with the political situation. This appreciation has much more leg to run up, to be sure. (More so than Singapore which is already challenging its own highest). JB is just getting started. But as a word of caution, it is not clear the situation with rental yields as I am trying hard to imagine other than Americans & Students, who else would want to rent in Nusajaya for now? Capital appreciation-wise, I have no doubt.*

2) Property is a hedge against inflation and Malaysia's inflation rate is higher than SIngapore's. Thus prop prices in JB will appreciate faster.


3) Peter Lim (Mr Wilmar, Thomson, MU & McLaren) himself just announced last week his multi-million investment into JB.

4) The MRT to JB and the bullet train to KL - linking KL-JB-Singapore. much like the megapolis of the Pearl River Delta in China.

5) Singaporeans will always compare a HDB vs a freehold beautiful house in JB. This will help maintain the JB prices.

6) I have not yet even mentioned Legoland, Premium outlet, Medini, SILC, Healthcare, Pinewoods, EduCity etc

*We have to take a long term horizon. I read in an early working paper of Iskandar by the authorities themselves & experts to take a view of like 5 to 10 years. Medini will drive Nusajaya. Of course we are enjoying the appreciation now based on expectations. Also as Singaporeans and Malaysians (working in Singapore) age, they would want to live in a relaxing place like JB where the money goes further and have more healthcare facilities).

Is good to share opinions and honestly. Naysayers and proponents both have contributions.