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Omg!! They are buying the land for rm1000 psf?! Who are they going to sell to? If u factor in the development cost .. Easily the selling price will be more than rm 2000 psf. Going to reach spore price. This is getting crazy.

Well said! Not many ppl have this kind of foresight. One really has to spend time studying the master plan of Iskandar. Not all projects in Iskandar will make money. Many are just riding on the wave of a few successful projects.

Heard that they brought Almas to the spore propertygurufair at marina bay sands. Wonder what the response..

Go back to the developer and ask for a good contact at those 2 banks. Call the bankers immediately at the developer's office.

That was an awesome article! Spot on! The author mentioned that at least one developer marketed their properties "buy one get one free".. I remembered some time ago someone mentioned Country Garden.. Later on, they came out in newspaper and refuted the claim. true or false

Next year will affect those who are rushing to buy between 500K to 1 million lollar properties.

It will create a speculative market in the long run..

Thanks Iskandar! Actually Teega not much marketing done too but there were queues for both days.. I guess it was the new ruling that turn off ppl from buying the cheaper studio units. Actually I m curious why UEM create commercial units and condos within the same vicinity.. It happens both...

Any updates for the almas project take up rate? Thks

Yes agreed. However this is an untested area. Only time will tell.

How much are they selling?

Teega owners, anyone facing late payment charges? My next instalment is due 24th Oct. Lawyer cannot instruct bank to release loan because they are still awaiting some docs from UEM. Lawyer advised to claim interest charges from UEM. Anyone facing this issue?

Uem sunrise (govn linked co.) Teega project.. Already close to one year.. We still have not received state consent.. Already chased numerous times. Fed up and tired already.. U think pacific star, developer from spore can get state consent faster than UEM? There is so much uncertainty even...

Just checked with my lawyer about this issue. Indeed there is a lot of confusion.. Those medini projects which have 129 years, your SPA should have stated that extension of 30 years. State government will take note on that after approval. Exactly how, I don't know. In actual fact, the...

That was not a 2 cents worth. It gave a very important piece of information. It shows that there is false impression about this development. Not too long ago, I already posted that if prc do not even stay in their 'ghost towns', what makes us think that they will come over to iskandar to stay. I...

What were the reasons? Bank loans rejected or buyers having second thoughts? I thought it was a good location..

Interesting analysis, Sgcount. I never knew that Spore agents can do pre-booked units and pay booking deposit. Is this a new thing or only in CG Danga Bay?

At first I also thought so.. but Khazanah is moving in.. Don't think they want to risk their reputation for delaying that building. It is considered somewhat iconic as it is the first commercial office units in Medini. Surely it will be reported in newspaper. Not vested.

What do you mean by "overbooked" and then "unload"? They are not allowed to flip in Malaysia. That is one thing which I do not like Huttons.. bringing in their balloting and flipping attitude into Msia. If the developer close one eye and allow this, they may get into major problems with the...

Last time, ringgit used to peg against the usd at 3.60. So still not too bad. As more bad news exhausted .. Ringgit will recover a little. However, like all Malaysians, I m quite concern with the recent slide.. Most probably is a concerted attack by speculators on these 3 diff countries. They...