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New developments to share
- Thread starter wuqi256
- Start date
Went there last year. Local Vietnamese brought us by car from HCM to there and stayed with his relatives for a night. Nice cool weather and lots of coffee and tea plantations.
I would agree that it is a nice place to retire also and is easily accessible by air as well.
HCM properties are affordable now especially now that it has come off from recent highs.
A friend bought 2 completed 4-storey units side by side in April costing USD 200 plus K and someone came along and offered the owner USD 300K. Reason is the highway is nearing completion and travelling to HCM and the airport is much easier. At 200plusK for 2 units is really affordable, especially if you can buy and use it someday.
The point is if there are reasonably and affordable properties at very good locations would be ripe for the pickings now that the market is still finding its feet.
Some of the houses are really nice architecturally and there are some with Saigon river view and near to the Saigon river where you can sip the Vietnamese coffee and fish.
It is still relatively cheap to visit or stay but I am sure it will gets more ex as it further build up its infrastructures.
The better currencies is the USD. I noticed that I get more bangs from the USD as against the S$ from Vietnamese Doings.
The Vietnamese girls are indeed pretty and sweet young thing (SYT). They would not mind to marry older Singaporeans as they are very poor and by marrying, they would have the money and means to take care of their parents back in Vietnam. The only obstacles is the language barrier unless you speaks Vietnamese or French.
But because the country is poor, their choice is between the deep blue sea and the hard rock - poor things especially the ones from province and poor families.
Some will learn Mandarin, like my friend's wife. The young ones who lived in Saigon for a long time have a better command of English. One of my friends married a fellow Viet working in California, and have migrated there. Another of my friend is still single - she can speak English and German!
Iskandar to see more investors
NEW THEME PARKS IN PIPELINE: Irda finalising discussions with big operators from North America, Europe and Australia
THE Iskandar Region Development Authority (Irda) is finalising discussions with big theme park operators from North America, Europe and Australia.
However, Irda chief executive Datuk Ismail Ibrahim declined to name the potential investors coming to Iskandar Malaysia, saying that more details will be disclosed upon signing of agreements soon.
Ismail said Irda is planning to add four more theme parks in Desaru in Kota Tinggi, Mersing, Kulaijaya and Nusajaya, to complement Iskandar's current two theme parks, namely Legoland Malaysia and Hello Kitty Town.
Legoland Malaysia in Nusajaya is Asia's first and it recently marked its first anniversary.
There will be various theme parks to fulfil the needs of all age groups, including those who seek adventures, Ismail said after the launch of the Iskandar Malaysia Ecotourism Summit by the Sultan of Johor's consort Raja Zarith Sofiah Sultan Idris Shah at the Johor International Convention Centre yesterday.
Iskandar Malaysia is made up of five flagship key zones. They are Johor Baru city centre; Nusajaya; the Western Gate Development such as the Tanjung Pelepas Port and Ramsar sites, the Eastern Gate Development covering Pasir Gudang Port, Pasir Gudang Industrial Park, Tanjung Langsat Port and Tanjung Langsat Industrial Complex; and Senai.
There are three Ramsar sites in Johor, namely Pulau Kukup, Tanjung Piai and Sungai Pulai.
Ramsar sites refer to wetlands or mangrove forest.
Mersing is not located in the flagship zones but a theme park is being considered there.
NEW THEME PARKS IN PIPELINE: Irda finalising discussions with big operators from North America, Europe and Australia
THE Iskandar Region Development Authority (Irda) is finalising discussions with big theme park operators from North America, Europe and Australia.
However, Irda chief executive Datuk Ismail Ibrahim declined to name the potential investors coming to Iskandar Malaysia, saying that more details will be disclosed upon signing of agreements soon.
Ismail said Irda is planning to add four more theme parks in Desaru in Kota Tinggi, Mersing, Kulaijaya and Nusajaya, to complement Iskandar's current two theme parks, namely Legoland Malaysia and Hello Kitty Town.
Legoland Malaysia in Nusajaya is Asia's first and it recently marked its first anniversary.
There will be various theme parks to fulfil the needs of all age groups, including those who seek adventures, Ismail said after the launch of the Iskandar Malaysia Ecotourism Summit by the Sultan of Johor's consort Raja Zarith Sofiah Sultan Idris Shah at the Johor International Convention Centre yesterday.
Iskandar Malaysia is made up of five flagship key zones. They are Johor Baru city centre; Nusajaya; the Western Gate Development such as the Tanjung Pelepas Port and Ramsar sites, the Eastern Gate Development covering Pasir Gudang Port, Pasir Gudang Industrial Park, Tanjung Langsat Port and Tanjung Langsat Industrial Complex; and Senai.
There are three Ramsar sites in Johor, namely Pulau Kukup, Tanjung Piai and Sungai Pulai.
Ramsar sites refer to wetlands or mangrove forest.
Mersing is not located in the flagship zones but a theme park is being considered there.
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SINGAPORE, Oct 23 (Bernama) -- Rowsley Ltd, a major real estate developer in Iskandar Malaysia and owner of RSP Architects Planners & Engineers (Pte) Ltd, has appointed Lock Wai Han group chief executive officer (CEO) effective Nov 1.
In a statement Wednesday, Rowsley said Lock, who will report to Rowsley Executive Chairman Dr Ho Tat Kin and the board of directors, will be responsible for the group's businesses.
"The former CEO of CapitaMalls Asia (China) brings with him extensive knowledge and experience in integrated real estate development projects and in the management and development of talents and organisations," it said.
Ho said Lock's appointment was timely and will greatly strengthen Rowsley's leadership.
"His knowledge and experience in governance, in working with foreign governments and regulators and in overseeing large-scale integrated real estate projects, are what we need to lead us forward in our transformation," he said.
Meanwhile, Lock said he saw a significant growth potential at Rowsley as it prepared to launch its project at Vantage Bay in Iskandar and expanded the RSP practice in the region.
In a statement Wednesday, Rowsley said Lock, who will report to Rowsley Executive Chairman Dr Ho Tat Kin and the board of directors, will be responsible for the group's businesses.
"The former CEO of CapitaMalls Asia (China) brings with him extensive knowledge and experience in integrated real estate development projects and in the management and development of talents and organisations," it said.
Ho said Lock's appointment was timely and will greatly strengthen Rowsley's leadership.
"His knowledge and experience in governance, in working with foreign governments and regulators and in overseeing large-scale integrated real estate projects, are what we need to lead us forward in our transformation," he said.
Meanwhile, Lock said he saw a significant growth potential at Rowsley as it prepared to launch its project at Vantage Bay in Iskandar and expanded the RSP practice in the region.
of cos PH better la.
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So far away from main towns in Johor and Singapore, can survive eh?
They thought DisneyLand.
By spreading out the theme parks, Visitors will be very selective.
Some of the theme parks may be destined to fail.
Funniest one is Angry bird the theme park at the Komtar.
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Well, a lot of the big theme parks worldwide are situated far away from the city centre. Disneylands, Gold Coast's Worlds and US Six Flags come to mind instantly. It makes sense because land price is lower, so construction cost can be kept lower while the real estate remains large. Customers will purposely commute to that area because most will spend at least 1 day at a theme park; it becomes a destination by itself. Many a times, a mini town grows from a theme park too.
Conversely, those situated right in the city may not always fare too well. Case in point Angry Birds at Komtar, Berjaya Times Square at KL or maybe even Lotte World. Firstly, the theme park will be smaller. There are too many other "attractions", like malls, to rob the attention of potential customers, and transportation cost into the city (tolls and parking) will be more expensive.
Therefore, in a country like Malaysia where most family drives, I think it makes more sense to locate them far away from city centres.
Hi. I'm not quite sure if you are buying to invest or retire. Or all you a salesman in disguise trying to promote both properties?
Anyway, if you are thinking of investing, then you come to the wrong forum. This is because the forumers who already bought will surely convince you that prices will continue to be dovish. You may have a few trolls here who will conversely tell you that Iskandar is doomed to fail. Like what I posted previously, buy into Iskandar with your eyes wide open, as this is unproven territory selling at a historically high price. Basically, hope to get capital appreciation but also be prepared to lose money. Such is the basic discipline of investing or some in this forum say "goreng-ing".
However, if you are really thinking of buying to retire, I think I can offer a more objective perspective.
Firstly, with a budget of RM1m, at RM1500psf, you can at most buy a 666sqft apartment. That's sized for a 1-bedroom apartment. Are you ready to retire in such a small apartment? Studios and 1-bedroom apartments are more suitable as bachelor pads or temporary accommodation. Also, if PH is proxy-ed to Marina Bay (that's quite far-fetched, but let's just imagine), will you be comfortable to live your old age in an area where basic needs are unreasonably expensive? Do you have a car? If not, are you willing to take a bus out to the city everytime (PH is not Singapore in which you have the MRT at your doorstep). And lastly, will you be comfortable jostling space with other average or above-average heeled owners or investors who think they are damn atas when they get their keys? Let's face it, most buyers in Iskandar aren't top brass society personnel or sophisticated property investors. (I may regret writing this but) put it bluntly, we invest in Iskandar because we cannot afford doing so in the other established, proven cities. You will likely encounter those mass-market condos syndrome where your neighbours think their Toyota Camry or BMW 320i is damn tua-pai, and the common facilities are utilised to the max.
Secondly, if you are buying into the hotel suite because the 5% GRR for 9 years attracts you, do note that that should already be priced in. And if you intend to take a loan, at 4.5% to 4.7%, coupled with potential further MYR depreciation, your GRR will essentially be wiped out.
Thirdly, if you are buying both properties with RM1m, that means your PC apartment cannot be bigger than 446sqft. This is effectively a studio, or a big hotel room at best. I can't imagine anyone spending their silver years in a shoebox apartment like this.
If you are seriously looking to retire in Iskandar, my advice is, if it's worth anything at all
, get a much bigger condo unit or landed house somewhere in Zone A. If it has to be in Zone B, then somewhere in the fringe of Medini (Nusa Sentral, Bukit Indah, Eco World, etc) may make more sense, as Medini is LH99 and will be too busy when it matures. And if you definitely want straits view, even Danga Bay yields bigger apartments, and arguably better view, with your money.
Can you give an example? A country with 4 to 5 theme parks spread about 30 km a parts???
I know Hong Kong theme parks are separated but it is due to shortage of land.
Gold Coast Theme parks. Look at the proximity.
I know Hong Kong theme parks are separated but it is due to shortage of land.
Gold Coast Theme parks. Look at the proximity.
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You think they are only relying customers from johore and singapore?. Then you are wrong. With the HSR, ferry links and upgrading of senai airport they will have a wide catchment of customers from south east Asia to fall back on.
agree with HSR from KL. all ppl in malaysia or around the world can be reach at this place. Johor and SG are just a small margin.
I feel price is a factor. Which one is a better buy price wise considering one has better location and is FH? Also , 318sqft is pretty small. If you're buying to just lease as hotel suite ok, but even for hotel suite 318sqft is not luxurious, it will be quite cramped for a suite.
not forgetting the throngs of international tourists from Singapore who may pop over after visiting the casinos via ferry link to PH
IMO. Iskandar has to be treated as a special zone for it to excel and close up the gap with Singapore. Otherwise, it is difficult for it to prosper and jb residents should understand the potential it can give to them and generation after. Let's see what will be measures put forth in tomorrow's budget announcement.
I am actually not v positive if it's too spread out. Concentrate them in Nusajaya or 1st link Danga Bay area. The average tourist is not going to drive up to Kota Tinggi for a 2 hour theme park experience imho.
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