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New developments to share

potter

Alfrescian
Loyal
Ended up putting down deposit for a 32x70 Cluster. Pricing of RM500K looks attractive due to various +ve factors so betted on this. Didn't realise the easy cancellation clause. NP has easy ingress/egress from the highway. Also I asked about the cleared land diagonal across & was told its "Nusajaya Mall" which I found nothing on the internet yet.

Intend to do my due diligence b4 they revert with the paperworks. Anyone has any advice/comments to share on this project?

1 cts, check yr developer whether kena black listed n got G&G.... Check n check n check..

Cheap thing not gd,gd thing not cheap...
 
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myrsing

Alfrescian
Loyal
Ended up putting down deposit for a 32x70 Cluster. Pricing of RM500K looks attractive due to various +ve factors so betted on this. Didn't realise the easy cancellation clause. NP has easy ingress/egress from the highway. Also I asked about the cleared land diagonal across & was told its "Nusajaya Mall" which I found nothing on the internet yet.

Intend to do my due diligence b4 they revert with the paperworks. Anyone has any advice/comments to share on this project?

If i am not mistaken is either no G&G. Or only guarded but not gated.

s40at, that kind of price too good to be true
 
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s40at

New Member
Yes, not gated, just guarded. However, 2 sides were flanked by TNB's electric farm, 1 by the highway and another by monsoon drain- I reckon u can't stop lone buglars, but they can't cart away lorry full of your possessions if u are not around :-) Management of the security guards will be handed back to the MC after 1 year.

How to check whether developer blacklisted?
 

Movingaway

Alfrescian
Loyal
Hi Movingaway, have u visited Nusantara Prima yet?

Just registered on this forum & visited NP yesterday. All Semi-D & corner clusters were taken. Prior to that, was at LF & HH looking at subsales with 2 local agents which don't know much abt NP other than its recent launch & small developer.

Hi s40, didnt manage to go, viewed some subsale units, family were more interested in Nusa Villa type of residential.
 

potter

Alfrescian
Loyal
Yes, not gated, just guarded. However, 2 sides were flanked by TNB's electric farm, 1 by the highway and another by monsoon drain- I reckon u can't stop lone buglars, but they can't cart away lorry full of your possessions if u are not around :-) Management of the security guards will be handed back to the MC after 1 year.

How to check whether developer blacklisted?

Do you've this developer website...?
 

Mingchye

Alfrescian
Loyal
Yes, not gated, just guarded. However, 2 sides were flanked by TNB's electric farm, 1 by the highway and another by monsoon drain- I reckon u can't stop lone buglars, but they can't cart away lorry full of your possessions if u are not around :-) Management of the security guards will be handed back to the MC after 1 year.

How to check whether developer blacklisted?

List of blacklisted developers from Malaysian Housing Ministry http://www.kpkt.gov.my/kpkt/index.php/pages/view/31
Translation of the 5 lists:
1) Unlicensed developers
2) Developers denied award by Housing Tribunal
3) Developers who failed to pay compound fines
4) Developers associated with "sick" projects i.e. projects about to fail.
5) Developers associated with abandoned projects.
 
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Valdez

Alfrescian
Loyal
Looks like the exodus of Singapore firms to iskander will accelerate in the coming months.

Who will work in S'pore's factories?

[SINGAPORE] Homegrown heavy duty plastic bag maker SL Packaging has been in Singapore since 1980. But an acute labour shortage and high electricity bills finally pushed the company out.

It bought land in Johor a few months ago and is in the process of shifting operations out of its Yishun factory to a new one in Johor near the Tuas Second Link.

"We did not have the quota for more foreign workers. We understand that the government will not reverse its decision on its quota for the manufacturing sector," says Mr Ronald Lim, chief operating officer of listed trading firm Intraco Limited. Intraco owns a stake in SL Packaging's parent Dynamic Colours, which is also listed.

SL Packaging had downsized its factory operations over the years due to high costs. Now, 30 workers remain. Singaporeans form about a third, and are mostly administrative staff.

"Singapore has a low fertility rate, at one child (per woman). I'm very sure nobody will want to work shifts in a manufacturing environment," Mr Lim adds.

SL Packaging is following in the footsteps of many manufacturers here. Over the last 20 to 30 years, high costs and difficulties in hiring locals have pushed them to set up shop in nearby Johor or Batam.

Controls on foreign worker inflows like levies and quotas were relaxed from around 2004 to boost the economy. But since 2010, they have been progressively tightened. The government is on a mission to boost stagnating labour productivity and raise local salaries by a third.

A rule change that took effect in July meant manufacturers can have only 60 per cent of their workforce made up of foreigners, down from 65 per cent.

If a company has more than half of its workforce made up of foreigners, every additional worker up to its 60 per cent quota will cost it $470 a month in levies. Meanwhile, the new minimum wage in Malaysia from next year is just RM900 (S$360).

Mr Lim, who is also president of the Singapore Plastic Industry Association, says salaries for factory workers in Singapore are near $1,000 a month, while Malaysian workers can be found for half of that.

It is difficult for wages here to rise drastically to attract locals as factories sell to the world and need to be cost-competitive, he says. SL Packaging invested in hi-tech German machines since 1997. "Things are quite automated already. But we still need people to run the shift," he says.

Thus the move out for the factory, which supplies to petrochemical companies like ExxonMobil. "I'm not sure if this is what the government wants. Jurong Island is an important petrochemical hub. Without the support industry, how will people feel," he says.

Sometimes, the grass is not greener on the other side. Local sportswear manufacturer Bodynits Group ventured outside Singapore many years ago as it faced labour shortages here. But now it grapples with political risks abroad, such as demonstrations by workers in Batam, says founder Lynn Tan.

Meanwhile, other SME manufacturers like rice vermicelli maker People Bee Hoon are staying put despite finding it tough to meet new orders.

"The 'Made in Singapore' brand is still very much valued so we are trying to capitalise on it now. If you move out, people may see the product in a different light," says company director Desmond Goh.

Wang Gee Hock, chief executive of listed firm Superior Multi-Packaging Limited, says the metal pail manufacturer is doing fine despite having maxed out its foreign worker quota for their 130 production workers.

Cost-saving strategies were implemented early. "We got the warning about the tightening years ago from then manpower minister Gan Kim Yong. We outsourced the making of pail covers and handles to our subsidiaries in China and Vietnam. We also upgraded and bought new machines," he says.

George Huang, president of the Singapore Manufacturing Federation, says that many companies are already looking at productivity enhancements to decrease costs.

But this might not be enough to address the challenges of high operating costs and intense competition even as foreign worker quotas get tightened, he says.

"Companies may need to look into incorporating innovation in their business products and processes - such as creative designs, new functions, new services, or better ways of production," he says.

Meanwhile, dialogue sessions between businessmen and the government continue to be filled with gripes about the difficulties of finding local workers. The government has reiterated that it will not U-turn on its policy of tightening the foreign worker quotas

At a dialogue with the Chinese business community earlier this month, Minister in the Prime Minister's Office Grace Fu faced a comment that the "no U-turn" remarks agitate the business community and might cost the government votes in the next election.

She replied: "The government has to look at the bigger good. We want to create jobs that your children want to work in.

"Do they long for jobs that you're paying your local people (to do) now? The trade-offs are not easy but we got to have them."
 

s40at

New Member
Thanks Mingchye, That was a good reference site for us to check!

The developer or their associated companies are not black listed which is good. Their parent company however were delisted from Bursa last month which i have some concern now, whether unfounded or not. They have successfully developed Taman Nusanata before.
 

Nusajaya

Alfrescian
Loyal
Not a good sign, mate. Even unfounded, why take this sort of risk in buying a home. Choices are aplenty with reputable developers.


Thanks Mingchye, That was a good reference site for us to check!

The developer or their associated companies are not black listed which is good. Their parent company however were delisted from Bursa last month which i have some concern now, whether unfounded or not. They have successfully developed Taman Nusanata before.
 

potter

Alfrescian
Loyal
Not a good sign, mate. Even unfounded, why take this sort of risk in buying a home. Choices are aplenty with reputable developers.

n he also wants to try to wake up by a cold cold stuff on e neck.. titter.gif
 

mutiaramas

Alfrescian
Loyal
Hi all,
Fyi.
New development by WCT launching soon next Mon 26/11 next to 1Medini. 99 yrs leasehold Medini Signature at abt 550 psf. No restriction on foreign ownership and no 500 K min price for non-Malaysians. 5 types ranging fr 655 sq ft to 1600 sq ft. Got this info when i visited their showroom recently. You can call +6075101010 or [email protected]
 

slash

Alfrescian
Loyal
Any one looking to buy properties in JB now?

Maybe we can car pool to go together. Any one visited any developments recently
 

alleyboy

Alfrescian
Loyal
Any one looking to buy properties in JB now?

Maybe we can car pool to go together. Any one visited any developments recently

Remember at one time, someone also had this same suggestion.

3 yrs ago or earlier u would have alot of units to chose. Spoilt for choice at cheap prices. Now?
 

jailbird005

Alfrescian (InfP)
Generous Asset
anyone heard of ioi project Kempas Utama? personally i have nt been there but heard from my malaysian friend that this project terrace and semi d nt bad and reasonably priced.
 

Stevewish

Alfrescian
Loyal
anyone heard of ioi project Kempas Utama? personally i have nt been there but heard from my malaysian friend that this project terrace and semi d nt bad and reasonably priced.

I think there is a new phase launch. BTW, the project is quite sometime already, I visited it twice. The earlier one was in 2008 and another in 2011. Material quality and workmanship is good. Just simply don't like the environment.

Personally prefer Setia Tropika and Adda heights.
 

jailbird005

Alfrescian (InfP)
Generous Asset
I think there is a new phase launch. BTW, the project is quite sometime already, I visited it twice. The earlier one was in 2008 and another in 2011. Material quality and workmanship is good. Just simply don't like the environment.

Personally prefer Setia Tropika and Adda heights.

went to kempas utama this afternoon. still very underdevelop as compare to setia tropika but i see there r potential in this development as this project is by ioi. given time, i believe it will b like setia tropika.

o ya, kempas utama is much better than kempas heights.
 
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Valdez

Alfrescian
Loyal
Peter Lim's RM10b project gets Iskandar nod

VANTAGE Bay, an integrated development in Johor Baru that will cost RM10 billion (S$4 billion) in its entirety, has received the nod of approval from the Iskandar Regional Development Authority.



The project is a joint venture between the Johor royal family and Singaporean businessman Peter Lim, and centres on a medical hub to be operated by Thomson Medical Centre. Mr Lim, a 70 per cent stakeholder in the development, bought out the medical group in 2010.



Spanning 10 ha, the waterfront project is a gated city with its own medical campus, residential apartments, hotels, convention centres, shopping malls and commercial offices, and will be fully completed in 10 years.



Thomson Specialist Hospital, a 300-bed tertiary hospital within the medical hub, will be supported by Centres of Excellence (COE) focusing on fertility, diabetes, cardiology and oncology. It will also strike up a public-private partnership with a private wing where medical specialists from public hospitals can practise.



Chan Boon Kheng, group president of Thomson Medical, said that the medical facility is strategically located with its close proximity to the densely-populated JB Sentral, JB's Royal Customs, Immigration and Quarantine Complex and Singapore's Woodlands checkpoint.



"We also see the potential of patients in the region coming here regularly for treatments as there is immense value in doing so," he added.



He said that it has to apply to the relevant bodies to enable Singaporean patients to utilise their CPF balances when footing medical bills in the new hospital.



Besides healthcare facilities, the integrated complex caters to other needs as well. Vantage Bay offers over a million square feet in office space, and plans to entice firms with operations in Singapore to relocate to JB with lower rentals. It will also boast one of the largest shopping malls in JB with an area of a million square feet.



Ho Kiam Kheong, CEO of Best Blend, the joint venture vehicle, said that the development will create 10,000 jobs in Malaysia in the long run.



Work on the project will begin at the end of 2013. The hospital and residential apartments are due to be completed in 2016 under its first phase. The medical facility's COE, office spaces and retail malls will be built under the second phase.
 

Valdez

Alfrescian
Loyal
Tang Group to build mixed Iskandar project

SINGAPORE'S Tang Group of Companies is the latest to invest in Malaysia's economic development zone, Iskandar Malaysia.

Iskandar Investment Berhad's wholly owned subsidiary, Medini Land Sdn Bhd, and Global Skyline Sdn Bhd, a unit of Tang Group, on Monday signed a 99-year lease purchase agreement for three plots of land for about RM49 million (S$19.6 million), the companies said in a joint release yesterday.

The three plots, which cover 3.2 ha, have a maximum gross floor area of about 1.38 million sq ft.

Tang Group intends to build a mixed development that will include residential and serviced apartment towers, a hotel and shophouses. The development, iMedini Walk, is expected to have a gross development value of about RM750 million, the company said.

Flanking the spine road that leads to Legoland Malaysia and the lifestyle Mall of Medini, the project will boast a stretch of more than 150 three-storey strata shophouses that average 3,300 sq ft.

This retail belt will be flanked by towers housing the hotel and serviced apartments, and residential apartments respectively.

The 250 hotel and serviced apartments will be located in the towers north of the site and overlook Legoland, while the residential apartments will be located in the towers to the south of the site, with views towards Puteri Harbour.

Said Dennis Chiu, director of Tang Group: "With the opening of Legoland, we anticipate a lot more tourists. It is also a strategic route for tours travelling from Singapore to Kuala Lumpur, Malaysia. The demand for hotels is expected to be high.

"We recognise the potential of Iskandar Malaysia, with immense opportunities to create and offer innovative and modern business and lifestyle solutions to not just Malaysians but global citizens.

"Our interest and ventures in Malaysia will continue, with special interest in one of the most promising economic corridors in Southern Johor."

Syed Mohamed Syed Ibrahim, president and chief executive officer of Iskandar Investment Berhad, said: "Our efforts in Nusajaya and Iskandar Malaysia have been towards creating an eco-system of a modern metropolis and a livable city. This is not just our continuing aspiration but also an assurance and a promise to our regional partners and investors from Singapore."

Nusajaya is one of five flagship development zones in Iskandar's 2,217 sq km region.

The others are JB City Centre, Eastern Gate Development Zone, Western Gate Development Zone and Senai-Kulai.
 
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