Puteri Harbour Community

[Stimpy]

Am expecting this to come. I think there are probably many other unreported ones. Is this the reason why in some JB projects, after some time, there is little or no maintenance? Owners just dump their properties and few contribute to the sinking fund.

Come 2017/18, I think there will be more bank foreclosures and buyers dumping their Iskandar properties.

It may not be that the buyers have gone bankrupt or cannot pay. It could also be that they are bleeding paying for something that gives them too little or no returns. Cut losses now or bleed till half dead paying the loans for the next 20-30 years on something that is a liability.

People at this point in time just don't understand the difference between buying something that has value and demand, versus something that is cheap and what they THINK will do well. The latter is gamble. Like buying cheap $2 4D every week hoping you can win any of the prizes.

Some talk about having the "holding power" in Iskandar. That again, is like buying the same 4D number for years, telling yourself "if I hold on long enough, surely it will strike 1st prize one day!" Again, a very risky assumption. No one says that cannot happen. But careful investors always weigh their risks vs being successful in their investment. For Iskandar condos, seriously??? Are you investing for yourself or for your great grandchildren? If you are talking about investing for 50 years later, then maybe. But who can predict that long a future? Might as well buy a cheap, uninhabited far away island now and hope that in 50 years' time, it will make your great grandchildren rich next time!

A disclaimer though. If you have excess money, really dunno where to put it any more, then you are "safe". In the sense that, even if you lose this sum, you won't feel much pain. If you can sell at a profit next time (a big question mark here), it's a huge bonus. But for many common folks, I don't think they are in this financially comfortable position.

I hear you loud and clear. And yet....anyone who bought an east ledang house a little while back would sell today at a healthy margin - even if they fire-sale the place to make the transaction. Puteri does have strong selling points..Wouldn't fancy owning in danga or forest city much, though.

 

[mpan12]

*faint* really don't believe this. I wonder if some people here are so gullible! This ST article has been quoted here for at least 3 times I think! Are you guys rejoicing reading it? Trying to console yourself you made the right decision?

To be honest, I almost attended it if not for the fact I had things to attend to. That doesn't mean I must buy an overseas property right? Anyone could have attended it.

So... 500+ attended. Is that a lot? That's like a drop of water in the ocean!

Did they mention all 500+ bought an overseas property? No.

From the term "overseas property", is Iskandar the only one to invest in? No.

So what's the point with that article?

Anybody can attend such seminars but they can also walk away not buying anything! Why do you all care who bought what? This is exactly what happened in 2013. Everyone rushed in to buy Iskdandar condos. Even ST reported "Iskandar is investors' darling"!!! So you read and you believed and you went in to buy? But guess what? Not long later, ST reported warnings from the SG government and even Maybank Malaysia itself that Iskandar properties are highly oversupplied. There is not enough development to support the whole damn residential framework.

So do you still want to follow blindly what others do?

Mpan12 sounds like your son.

Do rush down to SPH auditorium warn these stupid folks...

http://www.straitstimes.com/singapo...-investment-at-property-seminar-showcase-2016

SINGAPORE - Despite the lacklustre property market in Singapore, more than 500 turned up at the Singapore Press Holdings' (SPH) auditorium on Saturday (Jan 23) for the first day of a property seminar and showcase featuring overseas properties.

 

[Frodo]

Am expecting this to come. I think there are probably many other unreported ones. Is this the reason why in some JB projects, after some time, there is little or no maintenance? Owners just dump their properties and few contribute to the sinking fund.

Come 2017/18, I think there will be more bank foreclosures and buyers dumping their Iskandar properties.

It may not be that the buyers have gone bankrupt or cannot pay. It could also be that they are bleeding paying for something that gives them too little or no returns. Cut losses now or bleed till half dead paying the loans for the next 20-30 years on something that is a liability.

People at this point in time just don't understand the difference between buying something that has value and demand, versus something that is cheap and what they THINK will do well. The latter is gamble. Like buying cheap $2 4D every week hoping you can win any of the prizes.

Some talk about having the "holding power" in Iskandar. That again, is like buying the same 4D number for years, telling yourself "if I hold on long enough, surely it will strike 1st prize one day!" Again, a very risky assumption. No one says that cannot happen. But careful investors always weigh their risks vs being successful in their investment. For Iskandar condos, seriously??? Are you investing for yourself or for your great grandchildren? If you are talking about investing for 50 years later, then maybe. But who can predict that long a future? Might as well buy a cheap, uninhabited far away island now and hope that in 50 years' time, it will make your great grandchildren rich next time!

A disclaimer though. If you have excess money, really dunno where to put it any more, then you are "safe". In the sense that, even if you lose this sum, you won't feel much pain. If you can sell at a profit next time (a big question mark here), it's a huge bonus. But for many common folks, I don't think they are in this financially comfortable position.

A property is both a liability and an asset, for most people who took out a bank loan. For those who paid in cash, it's already an asset. Can't see how that is a liability. Even if you cannot find a buyer or a tenant, and still have to pay the monthly mortgage, it is still both an asset and a liability. The asset side is not negated. Of course there are some who over commit and bit off more than they can chew. But such people are also found in Singapore, hardly a situation monopolised by JB. I think most folks here have one, some two, but rarely anyone holding multiple properties. If have these rare few are more than able to handle what comes their way as most likely they are super rich.

The analogy of buying JB property with gambling is to my mind completely off. A property that is already in your name is a completely different creature compared to a lottery ticket like Toto or 4D or Sweep. For the latter there is no ownership to talk about.

Lastly, you said who can predict what will happen in the long term? This cuts both ways isn't it? But somehow it seems you are able to see through the crystal ball and know that this is a sure disaster and so it is best to cut losses now or bleed to death.

 

[freekazoid]

The son came out LOL

 

[Tekkun]

The son came out LOL

What is the point?

 

[xebay11]

exactly. no one will do that!! and you can't so narrowmindedly to just apply your rationale for selling a property so simply as if only msian pty investors will face such issues. and so how, ph buyers shld regret now? btw I can also guarantee that shld I want to rent out my ph pty I can do so too. with pty its all abt pricing which developers and owners all over must grapple with. for me I hv more sg pty issues to consider than my ph one simply because it's cheap to me. and you heard of cutloss in biz? common one doesnt need your rocket science to understand how to handle this simple situation hence your complicated mind has claimed my simple statement as being flawed. like I said b4 I go genting often so fr ph to senai to kl is a great idea. hey, it's ph owners biz anyways...shoo shoo

What is the use of ideally saying no one do that? But in reality it would happen. I only highlight Johor property investors because the writing is on the wall from day one. Johor has lots of land, so the potential for oversupply is definitely there. Your thinking is way too sinkified and would not work in large property markets like Malaysia.

You can try and rent out, sure, generally RM 2,500 is quite a sum in Johor, so what rental are you looking at? And how long can you get when newer and newer and better located property start appearing?

Don't worry about shooing me, I was never a PH property owner and would rather stay far far away. Good luck!

 

[xebay11]

Am expecting this to come. I think there are probably many other unreported ones. Is this the reason why in some JB projects, after some time, there is little or no maintenance? Owners just dump their properties and few contribute to the sinking fund.

Come 2017/18, I think there will be more bank foreclosures and buyers dumping their Iskandar properties.

It may not be that the buyers have gone bankrupt or cannot pay. It could also be that they are bleeding paying for something that gives them too little or no returns. Cut losses now or bleed till half dead paying the loans for the next 20-30 years on something that is a liability.

People at this point in time just don't understand the difference between buying something that has value and demand, versus something that is cheap and what they THINK will do well. The latter is gamble. Like buying cheap $2 4D every week hoping you can win any of the prizes.

Some talk about having the "holding power" in Iskandar. That again, is like buying the same 4D number for years, telling yourself "if I hold on long enough, surely it will strike 1st prize one day!" Again, a very risky assumption. No one says that cannot happen. But careful investors always weigh their risks vs being successful in their investment. For Iskandar condos, seriously??? Are you investing for yourself or for your great grandchildren? If you are talking about investing for 50 years later, then maybe. But who can predict that long a future? Might as well buy a cheap, uninhabited far away island now and hope that in 50 years' time, it will make your great grandchildren rich next time!

A disclaimer though. If you have excess money, really dunno where to put it any more, then you are "safe". In the sense that, even if you lose this sum, you won't feel much pain. If you can sell at a profit next time (a big question mark here), it's a huge bonus. But for many common folks, I don't think they are in this financially comfortable position.

Exactly my point, the posters here always seem to declare property cycles, don't they understand that when or if the market turns, their properties would be so dilapidated or expensive to maintain by then.

They also do not seem to get into their heads maybe they are the excess money type, who can afford to thrown money, those slowly bleeding out would not dare post here for fear of being labeled stupid.

 

[xebay11]

The son came out LOL

Ha ha ha ha nothing could be further from the truth, we are just level headed Singaporeans with our heads screwed on right.

 

[xebay11]

Please. I bought bank shares in q1 '09. If I'd lost money, I'd have shrugged. I made money - it did NOT make me astute, that would be me re-writing the history on what was just...a bet. Except...I moved on from that investment. Sounds to me like you were lucky on the upswing and still live off the glory of those buys.

Most people have the reasonable nature to count their blessings when they come, not run around saying how great they are and how rubbish everyone else is. Life and investments are a throw of the dice, now matter how much we research the tackiness of the felt and the aerodynamics of the die, they fall where they will.

Buying bank shares is a huge gamble and I avoid at all costs, so if you make gains, I would not call you astute.

I am not living off the glory days, and no, I was not lucky, just astute, buy low sell high, now the strategy is moving up the property ladder and looking at a different category of investment.

 

[xebay11]

*faint* really don't believe this. I wonder if some people here are so gullible! This ST article has been quoted here for at least 3 times I think! Are you guys rejoicing reading it? Trying to console yourself you made the right decision?

To be honest, I almost attended it if not for the fact I had things to attend to. That doesn't mean I must buy an overseas property right? Anyone could have attended it.

So... 500+ attended. Is that a lot? That's like a drop of water in the ocean!

Did they mention all 500+ bought an overseas property? No.

From the term "overseas property", is Iskandar the only one to invest in? No.

So what's the point with that article?

Anybody can attend such seminars but they can also walk away not buying anything! Why do you all care who bought what? This is exactly what happened in 2013. Everyone rushed in to buy Iskdandar condos. Even ST reported "Iskandar is investors' darling"!!! So you read and you believed and you went in to buy? But guess what? Not long later, ST reported warnings from the SG government and even Maybank Malaysia itself that Iskandar properties are highly oversupplied. There is not enough development to support the whole damn residential framework.

So do you still want to follow blindly what others do?

Shows you that they are really clutching on straws, nothing else really positive of their investments, so keep repeating the news. They totally ignore the bad news and bank reports and conveniently sweep such news under the rug. Really a bunch of losers if you ask me.

 

[Dfiris]

Thanks for the update!

I'm afraid not - am down in oz that week.

Incidentally, I was over in puteri on Sunday. At 11:00 there were only 3 lights on in imperia. Perhaps busier on Saturday.

Still, I do see real value in Puteri, particularly once the ferry link is up. It's a lovely spot, puteri cove building works look to be making a very nice building (if pricey!). Not a big fan of Teega (sorry any owners) as the blue balconies don't look nice. Think SM will look good once done too.

Suppose Gerbang will be a good spot too. The amount of work done in Iskandar is impressive. Medini 9 looks good...the trick they need to pull off short-term is simply sg accessibility. Long term it's just bringing in more corporate tenants. All been said before. The over-leveraged will be creating bargains for others.

 

[Dfiris]

yawn... at the end of the day, even if things turn out well.. "they" will only say "good for you" or "u r lucky"

Hopefully some forest city forum will take over the limelight and attract the father & son there.

lets concentrate on posting updates on Puteri Harbour! Owners only.

 

[Tekkun]

yawn... at the end of the day, even if things turn out well.. "they" will only say "good for you" or "u r lucky"

Hopefully some forest city forum will take over the limelight and attract the father & son there.

lets concentrate on posting updates on Puteri Harbour! Owners only.

Not interested in PH at all but posting here on daily basis. Almost like porns.
Believe in everything but not the real thing yet.
So what's the real agenda?

 

[Tekkun]

Careful with those advertisements. Not necessarily be the truths.
Agents are known to be fishing for potential client database.
They advert cheaply and when you called they say it is sold. They do however have another unit....
It is always the stock and the market that matters. Stock is the properties for sale and market is all about potential buyers.

 

[freekazoid]

*faint* really don't believe this. I wonder if some people here are so gullible! This ST article has been quoted here for at least 3 times I think! Are you guys rejoicing reading it? Trying to console yourself you made the right decision?

To be honest, I almost attended it if not for the fact I had things to attend to. That doesn't mean I must buy an overseas property right? Anyone could have attended it.

Yes leh....5 malaysia developer 1 philippines - "The Property Seminar & Showcase 2016, presented by SPH Digital, featured developers from Malaysia and Philippines including Leisure Farm Corporation Sdn Bhd, E&O Property (Penang) Sdn Bhd, Horizon Hills Development Sdn Bhd, Mah Sing Group Berhad, Cypress Potential Sdn Bhd, Hatten Group Sdn Bhd from Malaysia and Megaworld from the Philippines."

Luckily u didnt make it leh...otherwise end up you will be in the bunch that you call stupid....LOL or the intent to go already make u qualify in this stupid bunch?

 

[freekazoid]

What is the use of ideally saying no one do that? But in reality it would happen. I only highlight Johor property investors because the writing is on the wall from day one. Johor has lots of land, so the potential for oversupply is definitely there. Your thinking is way too sinkified and would not work in large property markets like Malaysia.

Don't worry about shooing me, I was never a PH property owner and would rather stay far far away. Good luck!

Australia also lots of land leh....even funnier Singapore land also abundance...suddenly become oversupply just by releasing pockets of land....the 50% island reserve still untouched leh.

You cannot stay away leh....your points already repeated dozens of time....no more new point....but keep coming back....i know you bored and nothing better to do....this one topic keep you occupied. Can you start a thread call "Iskandar sure die"....I'll keep you occupy

 

[eric3417]

Pity the Emperors wo Clothes…
Let's cut them some slack.
They are the BESTEST!

LOL

 

[Stimpy]

Buying bank shares is a huge gamble and I avoid at all costs, so if you make gains, I would not call you astute.

I am not living off the glory days, and no, I was not lucky, just astute, buy low sell high, now the strategy is moving up the property ladder and looking at a different category of investment.

Was buying bank shares in '09 not astute? People forget the panic and fear of the GFC...in the end, the call was: buy shares in banks - they could all go bust...

However, if all the banks had gone bust (the complete disolution of the capitalist AND fiat system) - my thoughts were that a paper loss would have been the least of my problems (stabbing people in the street to get the last sack of rice from the supermarket or antibiotics from the pharmacy would be higher up the list of concerns). In the end it was still a bet though. Pleased it worked out on the bloodless, profitable side though.

You suffer from what psychologists call confirmation bias. Anything you do or decide is good, anything anyone else does is flawed. To be fair, many here have the same (positive) bias for news on iskandar.

 

[xebay11]

Yes leh....5 malaysia developer 1 philippines - "The Property Seminar & Showcase 2016, presented by SPH Digital, featured developers from Malaysia and Philippines including Leisure Farm Corporation Sdn Bhd, E&O Property (Penang) Sdn Bhd, Horizon Hills Development Sdn Bhd, Mah Sing Group Berhad, Cypress Potential Sdn Bhd, Hatten Group Sdn Bhd from Malaysia and Megaworld from the Philippines."

Luckily u didnt make it leh...otherwise end up you will be in the bunch that you call stupid....LOL or the intent to go already make u qualify in this stupid bunch?

Stupid is reserved for those buying in Johor hoping to get returns, not those going to attend such talks.

 

[xebay11]

Australia also lots of land leh....even funnier Singapore land also abundance...suddenly become oversupply just by releasing pockets of land....the 50% island reserve still untouched leh.

You cannot stay away leh....your points already repeated dozens of time....no more new point....but keep coming back....i know you bored and nothing better to do....this one topic keep you occupied. Can you start a thread call "Iskandar sure die"....I'll keep you occupy

You are right, I learned my lesson from Australia, plenty of land country, that is why I am neither excited nor hopeful of getting the kind of returns like Singapore in such countries. Now I only own for self stay because my daughter had gone back and needed a house.

My points are repeated because they are in reply to points from forummers here whose points also repeated. Keep going on and on about how good life is in Iskandar, when in reality it is open for everyone, not just property owners.