Rent to tourist. Example for R&F, tourist might want to stay in R&F and then take MRT to Singapore.

Conclusion:-
Buy R&F will win!!!

Buy other project will die.

gogo 2 we all know u got some vested interests in R&F, but not many tourists would realistacally live across the border and take a train to SG.

How many units u planning to buy?

Over the 10 years...how many new units ll be launched leh?

I really dont like the way they sell their products...This week promo package is not the same as last week....

Maybe at later stage, the promo will be EVEN BETTER.....

What is the current package??

Please call them... They changed quite fast...

Here are some of my concerns:

1. Reclaimed land
I'm no expert in civil engineering but isn't property built on reclaimed land seems to have lower value? I think the structure is more susceptible to land movement which results in cracks and deterioration.

2. Target Purchasers
It is obviously targeted at Singaporeans / Malaysians working in singapore.
-I know when Singaporeans buy properties in Johor, they want/prefer to buy landed as they have been staying in high-rise all their lives. So not sure this strategy still works.
- Locals are not so keen as the price is not within reach for most.
- Malaysians working in Singapore. Most of us are cheap labours in Singapore drawing slightly above the pay scale compared to M'sia. High flyers Malaysians in Singapore would have bought their HDB flats, condos or even landed properties!
- Which group is left.. Expatriates? yes, maybe as they are many expats working in high tech plants in JB.


3. Investment Prospect
- High yield and capital appreciation. Maybe yes. But I cannot predict since it's in future.
- For high rental yield, usually you needs:
i. High income earners or highly skilled talents to sustain Rm3-4k rental. Usually this group are expats who will not stay for long term. In KL, places like Bangsar, Ampang, KLCC, Mont Kiara can still command high rental due to ready pool of expats. Rent to local?! No way! no locals will rent for RM3k - RM4k at least in the near term. Will you yourself rent for this amount?
ii. Stopover / transit for tourists going to Singapore - Yes, possible. But have to be ready for quiet period.

4. Connectivity
- When our not so smart government starts to implement VEP charges to foreign cars, then it will discourage ppl coming to Johor.



I think for long term say 10 ~15 years is still if the above 1st point is not true.

Afaik, phase one is on non reclaimed area.

tengster aiming for phase 1?

I think tengster kor knows johor cant absorb such high supply of condos. Moreover, princess cove condo design is extremely unattractive

This week apa package? ?

Share share here ma. If not whats the point tokinh here hihi

Cocoon kor wanna buy ah? Or jus kepo like me haha.
I heard greenland jade palace less density.

Is an agreement not MOU , dont mislead ppl. U can go to Wikipedia n look for it. First few terms of the agreement have been fulfilled such as vacated tanjung pagar ktm station, forming m+s coy to develop the vacant land, new customs center at woodland station etc. Now is moving to the last few terms such as rts n etc.

Dont want la. Nvr been to puteri habour, lego land, medini, danga bay...

but I keep an eye on this. Is interesting if rts station to be announced this year...

Thanks for the update. Iskandar would have been great if not for the chinese developers and the flip flop policies.

I personally cant wait to see d final product of d condos down there (other than tropez)

I understand the emotion of those mid stage investors that bought at 800 to 1500 psf. Now with those chinese developers came in with a big way offering much lower than market price and with enormous amount of supply. We malaysian r so used to property price creeping up one launching after one but these chinese dev seem destroy the rule of game. For those who bought at 1200 to 1500 have to adjust their expectation n bite the bullet. Those 800 to 1200 should expect minimal growth upon completion. Just my very personal opinion.

This post has been edited by Cocoon: Jul 25 2014, 08:04 PM

Hi to all,

Just joined LowYat today for discussion on this thread and for property news in Malaysia...

I am a Singaporean and I bought 2-BR R&F Princess Cove during last week initial launch..

Reasons why I bought it despite the pricey price tag:

1) Exit Strategy from SG..
>> Supposed that when I get retrenched or in my 50s when my CPF is forced in Retirement Account or some f***ed up annuity scheme, I can have the option to rent out my HDB flag and retire in JB

2) Proximity to SG
>> Walking distance to CIQ.. I don't drive and so I need a property reachable by public transport.. Whether RTS will be build or not is no longer a concern because there is hardly any land parcel near CIQ anymore at 1000 psf.. Also, supposed i retire in JB in future, my kids will be able to visit me easily without having to drive far into JB... Help can also reach me faster with closer proximity to SG..

3) Freehold
>> I can be assured that value is protected unlike leasehold which depreciates with ages

4) Shopping centre nearby
>> Near to City Sq Mall with cinema.. Shopping below condo residences... Basically, amenities...

5) Landed VS Condo
>> I am middle age and I am lazy to do housework... Bigger space means more housework.. Amenities matters more to me than space...

Risks:

1) Foreign Exchange Risks
>> Obviously, if RM continues to depreciates, this could be a poor investment

2) Interest Rate
>> Malaysia Bank Loans I/R is in the range of 4.6% currently which is very high as compared to SG Housing Loans...

3) Poor Rentals and OverSupply of Condos
>> In my opinion, Iskandar is overhyped.. and there's oversupply issue... This will depress rental yield and also if I need to sell this, I have to find another person willing to pay for it... This person will most likely be a foreigner...

4) Iskandar JB CBD development
>> Since the Sultan already said that this is a LANDMARK project, I truly hope so... R&F is a reputable company... This project is at the gateway into JB.. Landmark project ... 5-star hotel and Grade A office towers... If all these comes to fruition, i believe R&F Princess Cove will be a gem in future... However, all these comes down to bilateral relationships between SG and MY... The VEP fiasco highlighted the poor communication between 2 countries... If MY federal govt prevent land reclamation of R&F Princess Cove to go ahead... Then there will be no grade A office tower and no 5-star hotels and basically this project will become just a mere condo near CIQ with a shopping mall....Hopefully, this project will succeed because the failure of this project will dampen investors' sentiments.. project a poor image of Malaysia to China investors... as well as Singaporean investors ...

Here you go, this is my opinion as a Singaporean who bought a unit...

I hope to learn more about Malaysia Developments and R&F Princess Cove Developments via this forum..

Happy Holidays !!!

Nope. I am not...

Thanks for sharing...mind telling us the promo package....