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Bros SPH07 and Quartz, Have you been to the site? I visited last weekend and saw the piling done, foundation all ready. Just waiting for it to ascend upwards which should not take more than 2 years for a low rise. If this development was in Singapore I would have expected much quicker...

Hi Potato, Thanks for your compliment, am humbled, it is just a passion from investing in anything investable, nothing fancy. Mainly properties and stocks but I am familiar with REITS so I see the application here between REITS and SPH. I think the S&P is fairly standard, I seldom go...

Bro Dfiris, Think you may be in luck, one of the sales agent mentioned a would-be purchaser had backed out. Fast leg fast hand, call the agency and see it suits you...

Bro SPH07, let's hope the rumour is true....I know they launched the remaining 12 units in KL last weekend, by the same sales agency owner who has a Malaysian company. And yes, conveyancing in Malaysia is not cheap - just think of the volumes of documents we had to sign!

Great to know too of another SPH purchaser...!

Hi Potato, This is not dissimilar to the trust structure of REITs, in fact, fairly similar except that there is no Trust Deed. The wholly-owned sub is suppose to act as Trustee for the owners (as they would in a REIT), and safeguard the interest / secure the rights but pass on the...

Hi Potato, The MYR1840 includes other fees as well, kind of a rip-off if you ask me, however these are some of the costs you would have to incur as a Singaporean. They do not apply to Malaysians. In the overall scheme of things and compared to the property price these are incidental costs...

Welcome SPH07, guess you would have found your answer today. Let`s keep in touch in the forum and in case of issues we can get together. In any case I hope there will be no major issues. Having read the Leaseback Agreement I am quite happy with it and there were no surprises, all within...

wow.....thanks bro. even when there isn't much marketing done in Singapore - or not that I am aware of anyway. And at MYR100K+ p.a... :*:

Thanks for the info/update bro, do you know what was the intake for the entire school?

Hi, the minimum guaranteed return will be 5% (for the 1st 2 years), and upside will be on profit share based on some formula which contract you will sign with the developer Nusajaya Consolidated Sdn Bhd (on the back NCSB's service management contract with Ascott) and divided according to the...

No probs bro Contra, and like bro Yonglip mentioned earlier, the prices indeed appear steep relative to other developments. 1Medini is very reasonably priced, but they are 99, and I much prefer freehold. However this Somerset PH development is in arguably located at the primest plot of land...

Hi, prices start from MYR850psf, freehold, no foreigner cap or local ownership restrictions and out of 8 stacks, 5 are sold on compulsory leaseback to Somerset on 10year lease agreement. 1 stack will be held back by Somerset and developer holds back another 2 (which are the two best ones facing...

The marina facing units are not for sale. Not yet anyway. The developer intends to keep those and perhaps release them later for sale on a non-serviced residence basis. I was talking to the boss of the sales agency and he believes it could be upwards of MYR1200psf by the time the development is...

nice buy bro, I heard from another Ujana investor/friend that a certain education institute wishes to snap up 160 units for rent once it receives CF....

My bad. Thanks, yes, prices are differing 10times thereabouts. Am vested now, it did not take me too long to plunge into it. I missed out on Somerset Seri Bukit Ceylong, and I was not about to miss out on Somerset Puteri Harbour which was just launched in Singapore last weekend :)

I too had many ponderings about the possibility of success of Iskandar, and in particular, Nusajaya. As an interested but unvested property investor at that time, I had considered many various factors. The concept of Iskandar had been discussed for over a decade, and to be frank for many...

Hi All Am new here, and just wanted to share that there is a new & first launch in Singapore for Somerset Puteri Harbour. It was launched on the most recent Saturday 4th Feb and I understand Phase 1 is fully sold (66 units). I will declare that I am one of the purchasers of the 1st phase...