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  1. S

    Puteri Harbour Community

    I won't comment again, or we'll definitely be rapped across the hands for straying off topic! You can only claim an EEZ if islands are inhabited...Being as these were submerged, they certainly were not. Therefore you can only claim 'territorial waters' which amount to an area surrounding the...
  2. S

    Puteri Harbour Community

    Perhaps...but when I look at the 'cow's tongue' it seems to contravene all laws surrounding proximity to continental shelves. If we are going to look at 'ancient historical claims'...well, China can kiss goodbye to itself; Mongolia owns most of it all the way west to Hungary. They may in turn...
  3. S

    Puteri Harbour Community

    Yeah, but an airfield doesn't have to be load bearing...and let's be honest - they just want to get something 'there' to make a fact on the ground. They'll rebuild as many times as they have to after settling. Fingers crossed the Ocean reclaims their work. Cynical, bullying land-grabs.
  4. S

    Puteri Harbour Community

    A really considered answer, thanks! Tell you what - I rather doubt mr Najib is feeling politically strong enough to NOT continue spending (he's raised taxes as far as people can bear, for now). So...the MYR has to fall.
  5. S

    Puteri Harbour Community

    And...what the hell is the ringgit doing?! I meant to change some money this week and called the oil weakness beautifully...but it's strengthening?! Not fair. Political situation has not improved and most expect US interest rate rises to be very negative for MYR. May have to sit on my hands for...
  6. S

    Puteri Harbour Community

    This forest city thing really has me scratching my head. Iskandar is far from 'land poor'. This has been mooted before but its approval seems bizarre. Is there no limit to the amount of residential sales they want to target? I just struggle to see the rationale for this development. Sorry to...
  7. S

    Puteri Harbour Community

    Hmm, I think that is exactly the answer, sadly. I'm leaving my job next year to strike out on my own. If I was still being a salary man, I wouldn't really have to think about this as am investment, it would be simple. But I need to have assets that pay their way, while I am not being paid...
  8. S

    Puteri Harbour Community

    There is no waiting for all the guys in here, Xebay. Everyone is already committed, I think. They have thrown their die. For anyone now waiting to see 'if it takes off',...well, if it does, they've missed the early bird price gains and will have to come in later, at a higher price point. Which...
  9. S

    Puteri Harbour Community

    Property TOP in 21 months. But to buy distressed assets you need to come in when investors whom were hoping to offset mortgages by letting have had more than a few months of misery, paying 100% of mortgage. I know an RM mortgage is 'not much' to many of you big-swinging dicks, but when you pay...
  10. S

    Puteri Harbour Community

    Nah - oil was in the 20s in the late 90s. The macro (not Malaysia) is very uncertain right now. It's nice in that it's bloody high up and able to look straight down to the bridge even when the new towers go up. But...will I be able to pick it up (or a bigger unit) in 28 months as a distressed...
  11. S

    Puteri Harbour Community

    If oil was at US$120, I'd feel a bit more confident, what with the refineries close by, but it's not - it's in the 30s. If freight was doing well, I'd feel confident with the facilities nearby, but it's not - it's at an all-time low. KL condo's are going to continue taking a hit...as expats in...
  12. S

    Puteri Harbour Community

    http://www.bloomberg.com/news/articles/2015-12-15/japan-eyes-singapore-malaysia-bullet-train-after-15-billion-win Whoo - Go Japan! I'd like to see them win it. But frankly, I'd be happy to see anyone awarded it at this stage.
  13. S

    Puteri Harbour Community

    All fair concerns, but to be fair, how much easier is it to improve the majority of people's lives from a kampong standard? Squeezing out more gains is increasingly tough. Everyone acknowledges singapore to be the best of the west (infrastructure, education, crime, governance, opportunities)...
  14. S

    Puteri Harbour Community

    Yes, but how much of the last 20 years of the singapore story have been the China story? How much of the last ten years has been the commodity super cycle letting Malaysian and Indonesians get rich and store value overseas? The long-term fundamentals of the singapore story are stability (recent...
  15. S

    Puteri Harbour Community

    I did. So...RM1mill rule applies in Iskandar: http://www.propertyguru.com.sg/property-management-news/2014/3/37551/johor-investors-to-face-problems. You can re-sell to locals for less, of course. Medini, however, is seperate to those RM1mill rules...
  16. S

    Puteri Harbour Community

    wtf?! That's not true...is it? I don't think this is the case...
  17. S

    Puteri Harbour Community

    Yeah - might as well enjoy burning your cash. At least you have some good memories! Watching property de-value as your mortgage gets more expensive and annual rent decreases is no fun at all. Thing is - there are no fire sales! I'm surprised people don't move lower to get their properties...
  18. S

    Puteri Harbour Community

    Not in Medini.
  19. S

    Puteri Harbour Community

    It's hard for me to see upside in SG property, as yield is undermined, unless you think prices can rise forever. It seems you are keen to buy. So buy. I'm not sure if the 'sky is the limit', but perhaps you are right.
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