yr peng yu didn't tell u his heart is with fruit machine. :p
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New developments to share
- Thread starter wuqi256
- Start date
yr peng yu didn't tell u his heart is with fruit machine. :p
A typical tourist staying for 3-4 days will look forward to places of interest and good hotels and not all theme parks. Traffic and road condition are poor in most parts of Johor. The long distance is the killer. Of course two casinos in Singapore help.
Agree. I would rather visit one good one.
Inside USS, there is a place tt ironically, sells best of Malaysia dishes. Next to it r beaches, other attractions n Vivo City mall. V v hard to beat this package. Legoland now seems to be in e middle of nowhere. In 3-4 years time, it will be in e middle of condos n wellness (old people) village.
Really hope Iskander can succed. Maybe if have 2 or 3 different themed mega malls with lots of reasonably priced good food in Medini and PH will have more pull?
just caught the malaysian news just now. tan sri liew appointed one of the exco member in IRDA, 3 year appointment.
maybe he can bring his midas touch to iskandar.
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i am sure, too. but my reasoning is different from yours.
That is good news! I'm quite sure they won't just have condos, hotels, bizs and theme parks only.
Not trying to say which will be better, they both target different age group anyway.
Legoland won't just be in the middle of condos and wellness village.
- Mall of Medini itself, 2mil sq ft when completed, is bigger than Vivo City(1.5mil sq ft).
- D'Pristine will have a 3 storey shopping mall right beside Mall of Medini.
- Singapore's Tang Group's retail mall is along the same street very near to Temasek's Affiniti.
- Mah Sing's Meridin @ Medini's retail area is right beside Tang Group's retail mall.
- Empire Group's mix development will occupy the present open car park of Legoland.
All those above are surrounding Legoland.
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On the recent measures in Budget 2014 such as the imposition of higher real property gains tax (RPGT) and the abolishment of developer interest bearing scheme, Liew said he expects prices to keep rising as the crux of the issue was demand and supply.
“Property prices will go up. It will not drop. The key point of that in Malaysia is supply and demand. Demand exceeds supply. Malaysia is matured. There are no big parcels of land left in the Klang Valley,” he said.
He said paying a RPGT of 30% was fair as property owners would still make a profit but he felt that rising costs and the future introduction of goods and services tax (GST) would see prices of homes rise.
His contention is that although residential homes are now exempt from a GST, some inputs that go into making a house are not zero-rated and that it is unlikely that developers will absorb such costs.
http://www.starproperty.my/index.php/articles/property-news/s-p-setia-on-the-hunt-overseas/
Gd reminder on the function of land vs prices.
“Property prices will go up. It will not drop. The key point of that in Malaysia is supply and demand. Demand exceeds supply. Malaysia is matured. There are no big parcels of land left in the Klang Valley,” he said.
He said paying a RPGT of 30% was fair as property owners would still make a profit but he felt that rising costs and the future introduction of goods and services tax (GST) would see prices of homes rise.
His contention is that although residential homes are now exempt from a GST, some inputs that go into making a house are not zero-rated and that it is unlikely that developers will absorb such costs.
http://www.starproperty.my/index.php/articles/property-news/s-p-setia-on-the-hunt-overseas/
Gd reminder on the function of land vs prices.
The numbers are a bit scary actually. But I don't mind having more malls for more choices. If the malls have integrated and ample parking, I will definitely pop over to relax. Walking, driving and parking in Bukit Indah are getting more tedious due to the crowd. For sure, the 1st and 2nd links won't be able to handle the traffic to sustain most of the shops, so a lot will depend on local spending. I hope the authorities have planned more trees and covered walkways. This point stick out like a sore thumb whenever I pass by a new development in JB.
KL and penang is different from Johor.
Penang is an island.
KL is bordered by a lot of high ground / mountain to the north.
Johor got a lot of land. A lot, lot , lot more. And it's all flat land.
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Raffles made a mistake. He should have also signed treaties with Sultan Hussein to take over Johor too
In state where there's lots of land, you look for the nucleus and organic growth. In Johore, it is the main towns, proximity to the infrastructure and pull factors like theme parks / education / industrial hubs that will benefit. Next is the status of land and land form for long term investments. How you create rapid growth is up to the planning people.
Agree. but there is a lot of land left in johor. easier to spread out the development.
What do you mean by "land form", and how is that applied to choosing a property? care to elaborate?
Look at the topography. High lands are better than lower ones eg. Horizons hills, Bangsar, Mont Kiara.
Low lands, look out for swamps, mining land, etc. Natural areas are like PH with good flow of seatide. Try to avoid "dead sea" effect.
Big malls are not necessary nice malls. Mall of medini cannot be compared with vivio . It is not aircondtioned. The clientele shops are neither interesting nor classy . More like those heartland shopping centres. Somemore got houseflies at the eateries ...
VivoCity is more upmarket type of mall. Fully air con area, eating and shopping, browsing in comfort. A direct equivalent to Vivo would be Sunway Pyramid or 1 Utama in KL.
Mall of Medini is totally different. It is like a resort shopping center, no frills for people to eat and shop in their free time while the focus is in the theme park. It is a long way to be at par with any successful theme park in the world especially with their hospitality amenities.
Sunway Iskandar is going to duplicate its Sunway Pyramid mall in Medini. If this happen, then this is the game changer.
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