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2 comment(s). Last comment by dadakang_chiakchitor 2018-04-22 23:07

calvintaneng

56,469 posts

Posted by calvintaneng > 2018-04-22 16:20 | Report Abuse

Overhang by States

Johor 17.7% (4,376)

Penang 15.8% (3,916)

Kedah 15.3% (3,783)

In Johor - majority of the overhang comprises of condos/apartments priced RM500,000 to RM1mil.


Calvin comments:

The above figures are correct!

Majority of overhang in Iskandar consists of High Rise Condos priced over Rm500,000 to Rm1 Millions in Iskandar

So Calvin tells all fellow i3 Forum members to avoid & refrain from buying Condos priced above Rm700,000 in Iskandar.

Go for Landed Houses priced below Rm500,000 which now consttitutes the best investments.

Where to look

1) Bandar Meridin East by Mah Sing still got new 2 storey houses priced around Rm410,000. Over in Ecoworld next door all 2 storey houses below Rm500K have been all sold.

2) In Taman Nusa Damai (just after Bandar Sri Alam) BPruri jv with Mp Corp have launched 2 Storey Houses 20x60 for Rm488K. This one comes with G&G with Chub House and Swimming Pool. More than 50% already sold. This project is called Puri Residences. Opposite is the APTEX Commercial Lands.
Bookings can be placed at JB Sentral, in JBCBD.

3) In Taman Mutiara Rini (Boustead) 2 storey houses priced at Rm550,000 each were all sold. This is a hot area.

4) Scientex Pulai has 18x65 2 storey houses selling very well around Rm410,000. Similar built up like those of Mah Sing in Bandar Meridin East. Scientex management is proactive in buying more lands for affordable housing in Iskandar.

Note:

I don't have shares in Boustead, Scientex or Mah Sing. I still hold shares of MP Corp which owns the 480 acre lands on Taman Nusa Damai.

BPuri Jv with MP Corp to build 300 2 storey houses in Puri Residences of which 150 units have been sold.

Management dare to build & sell even before MP Corp has fully resolved its many Court cases. Calvin is watching.

Posted by dadakang_chiakchitor > 2018-04-22 23:07 | Report Abuse

This year, the buyers can get a lot of bargains provided you got cash. Still far from over. The current trend :-

1) compression on the rental yield, the rental market facing competitions from the newly completed units. Those on financing were so desperately to lease out to stop monthly bleeding / installment on the loans taken at a very bad rate.

2) the newly launch projects/ phases price stagnant which causes the existing buyers intending to flip cannot flip. New units selling at almost equivalent price , no one rushing to take up sub-sale market. might as well take new unit, wait another 2-3 years of completion before starting to serve the full loan.

Stay focus on location & go for landed type only.

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