Senibong Cove

[cow138]

Everybody is looking for returns.
Just that Malaysian landlord is perhaps more familiar with the current market and is more highly leverage (they're definitely more hiong) then perhaps the average Singapore investor.
So bo bian have to accept lower rent to keep things going.

 

[xebay11]

Everybody is looking for returns.
Just that Malaysian landlord is perhaps more familiar with the current market and is more highly leverage (they're definitely more hiong) then perhaps the average Singapore investor.
So bo bian have to accept lower rent to keep things going.

Whatever the reason, you just said it, accept lower rents. Their time frame and amount of returns are way less than sinkie. For Singaporean they expect CA and returns in two years. Malaysian don't have time frame in mind.

 

[Frodo]

My relative renting from Malaysian, cheaper than renting from Singaporean owners and the MY landlord very, very humble, when lease was up, tell my uncle please don't go, no need to renew lease (meaning no rent revision), beg him to stay. His landlord work in Singapore, only earns about $3 to 4k SGD and can buy several properties, you tell me whether he buy cheap or not leh?

So my uncle told me to rent from MY owners....no baggage of wanting returns etc which Sinkie owners all looking for.

But what kind of condo is your relative renting? The luxury Senibong Cove type? I know there are condos going for 400K but that is probably the starting price for studios...it won't be for those 3 bedder kind. My friend bought for 1.1m, can Malaysians buy such a unit for 500K? I doubt so.

 

[Frodo]

Whatever the reason, you just said it, accept lower rents. Their time frame and amount of returns are way less than sinkie. For Singaporean they expect CA and returns in two years. Malaysian don't have time frame in mind.

How come, is it because Malaysians are less investment savvy?

 

[xebay11]

But what kind of condo is your relative renting? The luxury Senibong Cove type? I know there are condos going for 400K but that is probably the starting price for studios...it won't be for those 3 bedder kind. My friend bought for 1.1m, can Malaysians buy such a unit for 500K? I doubt so.

Does not matter whether it is half price or not, as long as it is lower priced, the rental collected can be lower than a competing owner.

 

[xebay11]

How come, is it because Malaysians are less investment savvy?

They know the limitations, just like how Hongkees bought lots of properties in the 90s thinking that they could get a good deal and make money, but the local sinkies were of course the wiser ones..... Now you see this being played out in JB, sinkies and locals

 

[Frodo]

Does not matter whether it is half price or not, as long as it is lower priced, the rental collected can be lower than a competing owner.

I doubt it would be a high luxury condo that you were talking about.

 

[cow138]

They're all not high luxury condos in Johor to be frank.
At least not yet. Johor is still like Singapore in the 80s. Will take some time to catch up

 

[xebay11]

I doubt it would be a high luxury condo that you were talking about.

Because there aren't any in Johor.

 

[jasonjst]

They're all not high luxury condos in Johor to be frank.
At least not yet. Johor is still like Singapore in the 80s. Will take some time to catch up

Singapore already got MRT in the 80s , at that time 3rm HDB only about 10 to 30K . So JB properties should be price like the 80s , not 300K bah . Must back date the price to the 80s:p

 

[potter]

With so much going on at Senibong Cove, we are proud to announce the launch of our new Community Facebook page! To celebrate the occasion, we are giving away a free iPad Pro!

To enter, simply ‘like’ our page on Facebook, and stay up to date with all the exciting news and events at Senibong Cove.

End of Competition: 16th of December
Announcement of results: 17th of December
Lucky Draw gift ceremony: 19th of December ( @ The WaterEdge Apartments )


Seems like WaterEdge Apartments are almost ready for key collection.

 

[Jetstream]

I was thinking the same thing

I don't think they will hold ceremony in construction site right? Lol

 

[potter]

X'mas party tomo or sun, see you guys there!

Cheers!

 

[Jetstream]

Planning to go tmw afternoon and then mebbe some beers and dinner at harvest after that

 

[cow138]

Should be fun. Can't wait to take a look at the water edge apartments.. Especially the landscaping and the pool

 

[cow138]

Why? Is there a lot of problems

 

[KOHJE]

Have been stayed at Isola Villa since 15 Jan 2016. Nice ambiance . Nice neighbours.

 

[Frodo]

Have been stayed at Isola Villa since 15 Jan 2016. Nice ambiance . Nice neighbours.

Good life!

 

[Jetstream]

No major defect problem. Quality well controlled.

My unit view is swee tiang tiang..tsk..tsk. nice breeze..2. Tsk..tsk..

Bro Potter, hope to bump into u soon. Will collect my keys probably on 19/2.

Hope u can share lobang on contacts for where to get lights, curtains etc etc as I'm hopeless when it comes to JB ....will PM u ;-)

 

[Jetstream]

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