I didn't buy Nusajaya Sq but was considering it at one pt. But I didn't buy it at the end because:
1. DIBS not provided. it's all progressive payment. even though the PSF is low, the total area is BIG! so the total value is higher than the condo I was considering. after doing the math, because DIBS was not offered and it was maximum 70% financing, the cost-benefit analysis for me dictated that buying a condo that offered DIBS made better financial sense.
2. The area that Nusajaya Square is in is a HUGE PIECE OF EMPTY LAND. It is suppose to the heart of a commercial area, but there is very little residential population nearby. Given the very slow speed Malaysia take to develop, the lack of population, the huge supply of commercial space available in that area (SILC 7 is opposite and another project but name I cant recall), it might take longer than I am comfortable to be in the money.
In a nutshell, given what I know now versus what I didn't know back then, it was the right decision for me not to have invested in commercial property. IMO, for a foreigner, it is better and safer to buy a completed commercial. for one, the structure is complete for you to use or rent out. For two, you can assess for yourself the human traffic.
I personally prefer to buy with guarantee returns. And now with so many condos around, may be time to look into Commercial properties around Malaysia since I don't think prices have risen as fast as residential.
Going down to check out preview for
Iskandar Putri (12% guaranteed return i hear) tomorrow. Any one here bgt the sold out
Nusajaya Square?