A lot of foreiner and lack of variety of restaurant, only francise food, the criteria to become wong not there, need to wait longer i think at least another 10 years or never....

The beauty of learning to cook is a blessing. As there arecooking channels in tv n via the internet.

being able to decorate the house with nice dining hall and having better interor decor compared to cafes n restaurants will make our houses an ideal place to entertain family members n friends.

Another 9 months to open:-https://www.edgeprop.my/content/1030842/horizon-village-outlets-open-mid-2018

Whenever i saw her statements..all like supposed n more suitable to tell herself haha. Have been stopped replying her post. Serious guys, i have mentioned many times...her fact looks like fact but not fact n useless..but to her is the master data to determine the investment. Also, saying the price in cj is down trend etc is just emm...even it is slow growth..it applies to whole klang valley. Anyway, just let her syoks sendiri to post it here...cigi post cigi song la. We cannot stop ppls to post. But serious note, i really respect her determination n persistence. ichiban...geng!

I fully agreed with propertybbb.
I don't like ice and bean especially most of the time they just stirred up sh@t however I respect and salute their determination and persistence.
Anyway, think about it again..... just a property only what, why so serious?

Look like a lot projects coming up in cyber.... not sure abt take up rate

Dear all,

Im really sorry, very busy this couple weeks, have a looks and you think....

1. Why this happen?
2. What happen to The Arc later
3. .....
4. .....

taken from FR FB:

WHY I NEVER LIKED GRRs.
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Since I started teaching people on property investment in 2013, I have always told my over 3,000 students to be careful and stay away from any development that offers guaranteed rental returns. The reason for this is that GRR is often used to sell over-priced properties. Most of the time, the price you are paying already includes "the guaranteed rental portion", and the stories goes like these :
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- Dev sells property X, in lala-land location. The property fair value is RM400k.
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- But the developer wants to sell it at RM800k. They know if they sell it just at RM800k outright, the market wont buy because once potential buyer's check around, they'll realize that the market value is only RM400k.
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- Therefore, they use the GRR illusion to make us think that its valued at RM800k. So in order to fool us into thinking that its worth RM800k, they give us rental "guarantee" for 200 years at 7%.
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- Since its hard to find properties that can breakeven, the idea of getting 7% return on property sounds damn good. Developer also say you dont need to do anything, just sit and relax collect fantastic cashflow.
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- Buyers now very high. They are now greedy thinking maybe they should whack 2-3 more. Plus developer say only have 3 units left, if you dont take then some politician will sapu all. Buyer then say " F U politician, this is all mine!!!!"
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- After sign SPA. They say "take that Faizul. No need to attend any class also I can get 7% and positive cashflow. Im a effing genius!!!! I also want to teach people how to invest tomorrow."
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- After property completed, first 6 months everything was great. Buyer got soo happy.
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- After 6 month, guaranteed income payment becomes irregular. Ask rental ofis, admin fella say payment is coming. Waiting for boss to sign cheques.
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- After 9 months, payment still havent come. Admin fella now no more working there as everyday kena abuse. Call, dont pick up. Still no sign of guaranteed rental coming in.
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- Finally, the company that guaranteed your rental for 200 years, had to clos, which ise down as they have no more funds. The owners now take back units from them, trying to rent out the unit themselves. Offer comes in, at RM1500 per month which is market rates. But their loan plus maintenance is above RM4,000 per month.
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So instead of getting positive cashflow, you now have to pay extra RM2,500 per month to let someone stay in your unit. You begin to tell everyone you know that property investment is a scam, Faizul is a just a bangla pretending to teach people property investment, and its all 1MDB and Jibby’s fault. The reality, you just bought a white elephant that wears a lipstick, and it was a doomed plan from day-1.
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Guys, the only time you should consider GRR is when you are buying a property at fair market price and as a BONUS, it has GRR. That way, even if the GRR collapses, you can still rent out at fair value instead of bleeding few thousand every month. Most GRRs ends up in failure ( just study any resort/holiday based properties in Sabah, Melaka, P.Dickson etc ) and i pity especially those who bet their retirement funds on GRRs based developments. They end up loosing all their life savings. SHARE this so that your parents, aunts and everyone you care about, will not be a victim of bad GRRs.
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Next time you see anything with GRR that sells way above market values of similar completed properties nearby, please RFF. ( Run-Fast-Fast). I've been saying this to my students since 2013, and I hope you will benefit from this post and warning.
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p/s : Im predicting more of this will surface in the next 24 months. This is not the only troubled GRR development that I know of.
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#IfSeeGRRPleaseRFF
#KnowledgeIsNotImportantAtAllUntilWeLooseMoney

I actually viewed a unit there a few months ago. Neighboring unit were GRR. All were empty.

students nowadays prefer privacy..so all will try to get a studio instead. those 2 n 3 bedders are all last choice.

Meds Inc. and Andaman is famous to built unit for student hostel products is Cova Suite and The Arc.
Basically GRR product is selling above market price, and also have to know who is your GRR tenant, if developer is lease to college student, properly the future environment will get very worst.

not really, they looking cheap place with full facilities.

GRR sounds more like Get Rape-Rape...

Hmm sure about that??
What I know most students are on tight budgets...
Unless PAMA $$$ big support.. Then got BMW park with whole unit for yourself..

depend on which country lo. If maresia local student then it is differnet story

if PH or arabs..
blacklisted them..

better take locals.. less rental, but safer

Kesian the buyers, I don't think can get money back

I read somewhere yesterday the developer only promised GRR for a certain number of years only and the full 25 years was only optional.

Yup. True..
Those foreign students tend to have deep pockets...
Endless supply of $$$ laying around..
Make me doubt if they indeed really students

A lot of syndicate what especially those dark skin ones.