rnf is a must buy.

taiko u got jalan?

I at Penang. Susah mau turun KL deal with rnf people. I heard they coming to Penang soon.

They said this saturday launching? Ohh u penang lite... so u whacking? Hihi

Hi all, I am here coz i am curious about the Forrest City project since it came up in the news being one of the largest project in Iskandar. However nothing much has been discussed on Forrest city itself here, is it lack of info or interest? Rather there is a debate on which Zone of Iskandar will do better.

I am cool with that, so let me also put my opinion as well.

Yep, Iskandar is damn huge! Malaysia has not done any project like this scale before. This is like building another KL in JB, another capital of Malaysia, but filled with lots of Singaporeans and other nationals, that's the plan. This plan would work provided that Malaysia has fantastic country branding. However, with the current MH370 and MH17 incidents, this plan would be prolonged at least for another 5-10 years.

It is sad, but well... life goes on.

Assuming that everything goes according to plan and if I were to pick one area to invest in, I would definitely go with Medini! The reason is simple, it has multiple unfair advantages over the its competitors:
- NO RPGT (Real Property Gains Tax)
- NO Minimum Requirement for Foreign Purchase
- NO Corporate Tax for 10 years

http://www.sunwayiskandar.com/medini.html

http://www.iskandarinvestment.com/investme...s/incentives-2/

So with these fabulous incentives and protection given to this area, it is unlikely that this area would perform poorer than others. If it does fail at the end, then you got to blame it on bad feng shui or terrible bad luck!

This post has been edited by neonikson1: Jul 23 2014, 01:08 AM

Gogo boss, are you recommending to buy the shares of R&F or invest in their project?

If i follow the news correctly I think they haven't launched any project yet, just bought the huge parcel of land. How is it a must buy?

another zone i like zone D. the Tebrau and Johor Jaya area. It is less risky to invest there because it is mostly occupied by the locals. Not only that, this area is consider newly developed therefore it is quite organize compare to downtown JB area.

It gives me the feeling of the 5-7 years ago Kota Damansara. Today KD's subsales is transacting around RM800psf but Tebrau area is still transacting around RM400psf. The upside is encouraging.

Hmmm... what bout landed launches in Nusajaya? It seems that there's alot of high rise already with RF , CG all.

If there is a choice I would go for landed.

Of course with everything I said, the key to succeed in property investment is holding power. Your investment will surely be profitable, but we don't know when. 2 yrs, 5 yrs, 10 yrs?

We need to ask ourselves this question before we invest, in worst case scenario, can I pay the loan on time for 3-5 years without rental income?

Tebrau / Johor Jaya? Too far from CIQ. Maybe still ok for Tebrau albeit the constant jam, but Johor Jaya is an old taman.
And locals won't pay 2.5k for rental.

http://www.themalaysianinsider.com/malaysi...ars-says-report

The documents sighted by The Edge revealed the following key details:

1) The gross floor area (GFA) will be around 1.0 billion square feet. (This makes the project almost 80 times the size of the sprawling Mid-Valley development by IGB Corp in Kuala Lumpur or 40 times the combined sized of Mid-Valley and the KL Sentral development.)

2) Total land area is 1,978ha or 213 million square feet. (As the GFA is 1.0 billion square feet, this means the project will have an average plot ratio of 4.7. The high density development area of Mont Kiara in Kuala Lumpur has a plot ratio of 4.0, so Forest City will be similar to Mont Kiara.)

3) The total GDV is RM600 billion. (Assuming the project has an 80 % efficiency utilisation, this means the available net selling area is 800 million square feet and since it expects a GDV RM600 billion, the projected average net selling price will be RM750psf.)

4) The reclamation cost will come up to RM19 billion or RM100 per square feet and on completion around 300,000 people will be living and working there.

- See more at: http://www.themalaysianinsider.com/malaysi...h.i0jEMGzm.dpuf

http://www.themalaysianinsider.com/malaysi...h.VEjU5J0c.dpuf

This post has been edited by iskandarempire: Feb 25 2015, 09:50 PM

Forest city July 2015.

I heard the project size have been reduced

Country Garden unveils RM175b 'Forest City' project

http://www.thestar.com.my/business/busines...t-city-project/

http://www.theedgeproperty.com.my/content/...st-city-project

I came across the news in the edge property on this project also

Still too early to tell on whether this mega project will be a success. The biggest issue is still - Safety.

is the biggest issue not OVERSUPPLY n lack of ppl who wana stay in iskandar??

Country gardens JB phase 3 still belows 50%