Puteri Harbour <b>Hotel</b> Suite, Nusajaya - IProperty - Hotel in Johor Blog |
| Puteri Harbour <b>Hotel</b> Suite, Nusajaya - IProperty Posted: 03 Jun 2014 12:44 AM PDT Puteri Harbour Hotel Suite : ROI more than 13% every year ! Address: Hotel Suite @ Puteri Harbour Selling Point: Have your own Hotel Suites at the Most Prestigious area @ Iskandar Johor now! ROI more than 13% every year. Why does Robert Kuok Invest in Puteri Harbour? A Golden Opportunity to Invest and Join Hotel Business with CASH of RM140K* Only. I sincerely invite you to attend this Property Investment Seminar, know what Robert Kuok Invest, grap Golden Opportunity to Invest As Robert Kuok done in Puteri Harbour. Kindly call Angela 0167160018 Like us Facebook  |
| Singapore Sprawl Fueled by Cheap Housing Resulting in Long <b>...</b> Posted: 03 Jun 2014 06:47 PM PDT As I have written previously the potential for Johor Bahru, Malaysia is great. The proximity to Singapore give JB the extra boost that moves the potential above that of dozens of similar locations throughout South East Asia. But potential has to be managed properly or it is wasted. The inability of Singapore and Malaysia to cope with the demand for cross border traffic has to be a huge concern for investors. The backups have become progressively worse throughout the last year and especially bad the last few months. As I have also written previously the massive supply of luxury housing in JB without a visible source of equally high paying jobs in Johor that will allow people to afford those houses is a worrisome sign. The failure to complete a 3rd link by last year and the huge delays experienced all this year create strong headwinds for realizing the potential of Iskandar. Obviously cross border transportation was going to be bad before the MRT was finally extended given the huge volume of luxury condos being build in JB. But things are tremendously bad already when only a few of the new luxury condos are completed. The potential is still great but the huge problems with the borders already calls into question the ability to plan, execute and grow to meet that potential. More high paying jobs need to be created in Johor Bahru itself. I don't see how the number of luxury condos being built will be workable in the next few years. 10 years from now all may be well, but from 2015 to 2018 (or whenever the border gets fixed so the median border delay is under 15 minutes, likely the extension of the MRT to JB will have to play a role in fixing the problem) I see big risks countering the big potential.  Houses on Johor Bahru street with KSL in the background (D'esplanade Residence @ KSL, KSL mall, KSL hotel and more condos are being build across the street). People are willing to envision themselves putting up with huge commutes. but as they live with them year after year and miss their children, spouses and lives sitting at a border waiting to move forward many will decide it isn't worth it. Cut-Price Luxury Homes Fuel Singapore-Johor Bahru Sprawl
The benefits to Singapore and Malaysia of fulfilling the potential of Iskandar are great. But there are worrying signs for investors most notably: the failure to effectively manage the trickle of cross border transportation issues even in these early stages and the huge imbalance in luxury condos versus high paying jobs being created in Johor. There are many potential paths to a very successful Iskandar but investors that want to avoid risks need to pay attention to very troubling signs and those are two very troubling signs. My guess is that in the long term bungalows have lower risk to investors than do condos. If Iskandar even achieves a fraction of the potential, luxury condos 10 or 20 years from now are likely to be very costly. Condos may well do well also, though there is a much greater risk of overbuilding holding down the price appreciation. The vacancy rate for luxury condos is already high and many many many units are set to be completed in each of the next few years. Related: Singapore Market Impacts on the Johor Bahru Real Estate Market – The Investment Potential for Iskandar is Attracting Interest from Great Britain |
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