Any of you bought property there?
What progress and current situation there?
Dubbed mini shenzhen.

🤭🤭

Buat apa lu sibuk that .

Jz stick with glxxx

When ppl lose money, open thread to put salt on wound

K best at this

What mean ?

any fire sale? got industrial/manufacturing in forest city? i thought all residential only.

people already moved in. forest city is about 15 mins from my house and 5 mins from my office. despite issues with international buyers because of laws enacted in china and malaysia, construction appears to still be full swing. phases already completed have occupants already although, by the looks of it, not very many. but i guess thats normal la for newly VP houses.

danga bay also become theirs already....

#truestory.

Why need a city and building there? Forest keep there diam diam cannot keh....

Got 2 units and enjoying the tax free liquor and 3 boxes of ciggie daily. Life is wonderful looking at the beach.

Ghost town in the making just like many places in China.

no.

no money.

Fully occupied or ?
MALAYSIANS more or foreign people?

why the island is tax free??

How much you bought??

those in construction already sold finished la

It does have duty free shop inside though, just went there a few days ago... got kastam checkpoint at its exit too

This post has been edited by rickyro: Jul 23 2020, 08:37 AM

I also think the same. Tax free island?
I remember there's a wall that seperate the area with mainland and many Chinese people inside.
🤔🤔🤔

even Ktar 20k pon cannot afford

Did they fulfill their promise of a forest?

This project is a perfect example of "kucing kata jangan"

more like cyberjaya 2.0

are plenty bushes can be consider forest too?

correct......vast land and good road networking....

as johorean, I will never go invest in forest city, Iskandar..etc, they are just like the earlier danga bay...
for me on the property investment at JB, I will always stick to Mount Austin area and it will not go wrong

Ghost city.

hutan belukar

What mean?

Bukit indah
Mutiara rini


These 2 also nice right?

houses more than population

if u salary less than 50k per month, plz dont talk about forest city..

are u sure u wont invest? you should take a drive around Iskandar puteri harbour that side there..

so many good deals, high end condos that look very well maintained over there..

also, sunway big box over there alot of newly built landed prop.. alot of koreans and expats are living in that area.

you no buy now, u rugi later once iskandar really starts booming with population.

The land is reclaimed land or natural one?

Will sink or not? Scary leh nowadays rain little bit already flood until like a river.😲😟

on malaysia soil la..

over here:

https://goo.gl/maps/gr7XWG95PWfsNr4E8

seriously.. there so many high rise over in iskandar, feels like mont kiara or cyber jaya.. it really is impressive..

This post has been edited by Liamness: Jul 23 2020, 09:35 AM

luxury impeccable house.

the property price is high and there is big risk.
why should I take such a risk? condo doesn't work well at JB, not same like KL situation
a lot or Korean and expat? how to define this " a lot' , can their population more than local people?
there are quite some projects like this at jb before and most of them become ghost city
mount Austin area is compact with C race and even Singaporean and still have the room for property price increase.

p/s: iskandar starts booming with population << I heard this since 10 years ago until now

This post has been edited by CSW1990: Jul 23 2020, 09:38 AM

bukit indah is also good for investment. for me the most important in property is stable and only go for those which low chance will lose.

i agree.. as i too have invested in Permas. Even though I stay in KL. I just like the developments in JB better.. Especially landed prop which is 10 minute drive from CIQ or JB city centre. You will have alot of potential for many different type of tenants..


but what I'm saying is, never say never.. always keep a look out for opportunity. Don't be so quick to dismiss iskandar just because the outlook is currently bad.. things can change very, very quickly..

This post has been edited by Liamness: Jul 23 2020, 09:41 AM

It will sink in another few years.
Luxurious place not spared by mother nature

wtf u talking about??

iskandar is on normal land, you retard.. open google maps and search before commenting la. otherwise, you look like a pariah with this sort of uneducated comment..

Tsunami can hit

Means no one buying or people just want to flip for speculate?

had live in cyberjaya b4. and I kow what u means.kek

kucingkatajangan.jpeg

Last time I go Nusajaya (the part near Legoland) when Forest City was still launching and it felt like a ghost town.

Surplus? Property market will crash very bad this time?

sudah become forest belum?

its not meant for you anyway. well, at least initially. when it first started selling, it was obvious the developers were not marketing forest city to malaysians. it was intended for singaporeans, mainland chinese and foreign investors only. i went there and although the show office is farking amazing, absolutely none of the sales people knew how to speak english or malay. all from mainland china and only spoke mandarin.

their main selling point was the proximity to singapore and how they have made agreements with both malaysian and singaporean governments to have a special Customs and Immigration checkpoint for forest city residents so that it was easy for residents to move to and from Singapore. they never once mentioned JB or KL or Malaysia. the marketing material wording was all XX km from Singapore.

after a few months only they started employing locals as sales people.

I recall mahathir say the house price is suitable for foreigner and not Malaysians.

Mahathir already warning earlier.

you mean for property flpper ?

I dont get it, you paid, you stay there (although ghost town), how can it be add salt on wound ?

RIch pipul..

i can only consider Seelong only

Man made island .😲😟

now got discount?

Anyone that been to there or currently staying there? Would be great if got some video... wanna see how the ghost town look like.

Plenty of chinamoi hhggggghhhh ones

get a house there every night shuffling with ppl.

Should be. There have Malaysians staying ?

tsunami can hit ur chee bye face also la.. dumbass..

ur eye blind.

Mangrove swamp

Prone area for natural disaster.

Flood and tsunami.

Shenzen is now China Silicon Valley la

HA HA HA

WHY U SO GENIUS BUY SO INSIDE

U expert in geological now issit? dumbass..

flood area, 404.. go look up historical data.. in JB, only kota tinggi area is prone to floods..

tsunami? hahaha.. how to tsunami when whole of Indon & SG is blocking that area from indian ocean?..

kek iskandar area sinkie fliiper one la

now raff all the way at them

how flip? that area is quite one

Sedimentation. If Singapore island sink it will drag down nearby areas also.

This thread doesn't serve any purpose but for ts to keep bashing

the island are entitled for tax free 10 years.

😲😲😲
Since when ?

No buy no open thread!

FMT News
HOMENEWSBERITAOPINIONWORLDBUSINESSSPORTSFMT OHSEM!LIFESTYLEGALLERY

Johor property overhang remains a concern
Sharina Ahmad -August 4, 2020 8:00 AM
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Much of the overhang in Johor is due to developers focusing on high-rise properties. (Facebook pic)
The issue of unsold housing units and property overhang in Johor is a long-standing one, which requires intervention if it’s to be resolved.


This situation has existed since 2015 and, according to the National Property Information Centre’s (NAPIC) latest transaction data for the first quarter (1Q2020), Johor has the highest number of unsold completed properties in the country at 5,468 units, making up 18.4% of the total overhang.

In 1Q2019, Johor had 6,057 unsold units, of which 1,974 were condominiums or apartments and 2,160 two- or three-storey terraced houses.

What effect will this glut have on the state and what can be done to resolve it?




The Johor market has always been plagued with unsold units and property overhang, but it remains a robust market with decent price appreciation over the years, Johor Bahru-based consulting firm, KGV International Property Consultants executive director Samuel Tan told Property Advisor.

“To alleviate the problem, it would be best to reset the selling prices of the unsold properties to reflect the current market.”

Even then, he said, it would be challenging as effective demand may have been compromised by the Covid-19 pandemic resulting in reduced interest in investing, financing difficulties and a host of related issues.

“The market somehow adapts itself during a slow period with products that are within the reach of buyers. A better approach is to be preventive by making sure the products offered are acceptable in terms of type, pricing and location,” he said.


He noted that the property overhang is a case of indigestion due to a mismatch of supply and demand, particularly serviced apartments.

“The overhang numbers are down but the unsold stock will require some time and a lot of effort to clear. However, the landed residential sector is still resilient, if the price is right.”

Cheston International assistant manager David Ng Wei Ming said, at this juncture, nothing much can be done to overcome the problem of unsold units and the property overhang in Johor.

“Purchasing power is mainly driven by overall economic conditions as well as market sentiments. Even the government is encouraging the market by introducing several initiatives such as the Home Ownership Campaign where buyers enjoy stamp duty exemptions and Real Property Gains Tax waivers.

“Bank Negara Malaysia is revising the overnight policy rate to stimulate the property market while the Ministry of Finance has also announced a reduction of the minimum purchasing price of properties for foreigners to RM600,000 from the previous RM1 million,” Ng said.

In fact, he said, the unresolved issue has been caused by foreign and local developers focusing on high-rise properties.

“Out of all the overhang units, some 85% are high-rise condos and small office/home offices. The supply gush, as we called it, for high-rise properties started in 2012 to 2013 during the property boom, and purchasers were mostly investment-oriented.”

Ng said property prices in Johor rose to an astonishingly high level, even rivalling the prime areas of Kuala Lumpur (RM600,000 onwards), which was when the mismatch between price tag and affordability for Malaysians began.

“It worsened due to a lack of market sentiment, confidence and lending policies becoming more stringent. In layman’s terms, houses were not affordable anymore and banks were not lending as they used to.

“Foreign buyers are still the main target for the absorption of this unsold stock, but it is also dependent on the current market sentiment, government policy, political and economic stability as well as the strength of the currency and other factors,” Ng said, adding that market values seem to have softened and are expected to be much lower for the rest of this year.

According to KGV International’s Tan, in the next couple of years, the market will be more local-centric. “Most homebuyers will be buying for personal use with a small proportion for investment. The traditional favourites for the locals are in the Tebrau, Skudai/Tampoi and Iskandar Puteri areas.”

He said the current demand is biased towards new two-storey terraced houses priced at RM600,000 to RM700,000 in prime suburbs.

For houses in the secondary suburbs and in towns, the price range is estimated at RM400,000 to RM500,000.

Is RTS a game-changer?

Following the recent announcement of the commencement of the RM10 billion Johor Bahru-Singapore Rapid Transit System (RTS) project early next year, Tan said the project will create more interest from Singaporeans and Malaysians working in Singapore and vice versa.

“The RTS may not bring property investors to Johor Bharu, but the confidence engendered by this project may cause investors to relook into JB’s property market.

“With more people using the RTS, traffic volume at the causeway will be reduced. This will encourage people to travel in to patronise businesses here and will have a positive spin-off effect on the property market.”

During the construction period over the next six years, Tan said some 1,500 new jobs will be created.

“Many other industries such as building materials and professional services will also benefit. I hope the bus rapid transit system will be well-integrated with the RTS. In fact, this is probably the key to the eventual success of the project.”

Ng agrees that the RTS project is a small light at the end of the tunnel for Johor and will certainly boost the property market as well as spending at the local business level. “But how soon the project will be completed is still the big question.”

This article was written by Sharina Ahmad of PropertyAdvisor.my, Malaysia’s most comprehensive source of property data, property analytics and insights.

Anyone bought new unit there? What is the situation now?