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What Happened to the Iskandar Gurus now ?

Discussion in 'A Singaporean's guide to Living In JB' started by Botak1, Nov 27, 2017.

  1. Botak1

    Botak1 Alfrescian Old Timer

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    Is this a Good time to Buy, considering the falling prices ?

    I remember the likes of Khalil Aldis, Ryan Khoo,..almost every weekend, Developers will hire these Gurus to Speak,...What happened to them, now ?

    Wendy Kwek, Is she still on a sabbitical ?

    How many had made money, How many dare to admit loss $$$ ?

    Thanks
     
  2. xebay11

    xebay11 Alfrescian Old Timer

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    Ha ha ha ha what do you think, it is one of the biggest ghost town now..... just as I had foreseen and forewarned.
     
  3. snowbird

    snowbird Alfrescian Old Timer

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    Many of the half-baked self proclaimed gurus are all in hiding now.
    The property glut in JB is so serious that the State government is now frantically working on some solution to solve this mega problem actually created by them.
    Read this :
    https://www.malaysiakini.com/news/403322#cKoIUriqJUzFAxlb.99
     
  4. enjoylife77

    enjoylife77 Alfrescian Old Timer

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    Did not see any joint developers organised property road show at Suntec or MBS for quite some time.
     
  5. shctaw

    shctaw Alfrescian (Inf)

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    Just buy JBCC lah.

    Why go so far to Medini and Forest City.
    Remember not to go to showflat when buying a home; sure kana brainwash with "fantasy" pictures and "elegant" features that do not exist.
     
  6. garlic

    garlic Alfrescian (Inf)

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    They will tell you the HSR will be the day when rewards are reaped, so there is no better time to buy than now!
     
  7. snowbird

    snowbird Alfrescian Old Timer

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    Besides the proposed HSR thingy, years back many people had said many things, all suggesting a glamorous and bustling JB in near future.
    Examples like :

    "The development of Pengerang Integrated Petroleum Complex (PIPC) will bring in a few hundred thousands of workers who will be needing accommodation and services."

    "With 60,000 population of RAPID construction staff till 2019, including executive/mgt level, we can expect housing demand boom in that area".

    "The completion of the RTS will make travelling to JB from SG a breeze and thousands will come over for shopping and entertainment, etc."

    Etc, etc, etc.


    But years later, nothing much has happen.
    And to date, developers are still stuck with 40,000 unsold residential units.
    That's why all the "gurus" had totally vanished without a trace.





     
  8. Jetstream

    Jetstream Alfrescian Old Timer

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    I’m very very curious to see how things will pan out with the impending TOP of both CG and R&F’s city mega-projects when 1000s of owners will receive their keys very very soon. And these are not the only big projects going to TOP soon.

    Will there be massive flooding if units in the resale market?
    Those who can’t sell/rent bo pian may just use it as weekend holiday homes. These (or rental units) will need basic furnishings/ fittings. Wonder what impact all this will have on the JB economy. IKEA was clever to time the opening of their largest store in SE Asia right here in JB just in time to cash in on the completion of these mega developments. Did they see something in their projections to make their JB store SE Asia’s largest?

    On the other hand, there could be large numbers of loan defaulters who were intending to flip their units but now find the market too soft. How will this impact the economy?

    The next year will therefore be interesting from an observer’s point of view to see how things unravel for JB.

    Whatever it is, the RTS is still akan datang (a matter of when) and this will no doubt spur another round of interest ...let’s see.
     
  9. snowbird

    snowbird Alfrescian Old Timer

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    At first, my rough estimation for developers' unsold residential to be around 8 to 10,000.
    The problem is all developers in JB do not report the actual sales results, always giving the impression that their project is selling like hot cakes.
    Some probably even gave false numbers to the media to report.
    When the Bank Negara report came out last month, I was shocked to see the unsold units standing at 40,000, mostly are high rise condo units.

    How much is 40,000?
    The huge Country Garden at Danga Bay is only about 8,000 units.
    So it means the unsold units is about the size of FIVE Country Gardens!!
    And where is this 40,000 units coming from?
    So, I believe all the 4 major Chinese development are not selling as much as we thought and may be holding at least 30,000 unsold units, with the rest coming from an assortment of development in the Iskandar and city area.
    And now, all the flippers has plenty to worry about.
    When all the major projects handover within the next 2 years and if this 40,000 is still not moving fast enough, there will be more than a total of 100,000 new and resale units for sale in the market!

    Another thing to note, the Saudi investment of US$7 billion in PIPC with the MOU signed during the King's visit this Feb, is still not finalized yet and no dateline was announced so obviously, don't know when the money is coming in or worse, actually coming in or not.
    So, the promised few hundred thousand workers going to work in PIPC may have to wait much longer.
     

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