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Eco Botanic @ Nusajaya

Discussion in 'A Singaporean's guide to Living In JB' started by sotong007, Sep 2, 2013.

  1. UsernameX

    UsernameX Alfrescian Old Timer

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    no no definately no loss. Those prices already factor in all interest paid and transaction fee. Last chance for flipper to bail out - but they already took forex loss if buying with SG. Myr was 2.56 then now 3.02
     
  2. Relaxman

    Relaxman Alfrescian Old Timer

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    I think they should just hold it. Hold for another year or two. The market is not good now for seller..... i mean flippers.
     
  3. sgcount

    sgcount Alfrescian Old Timer

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    I thought if sell now will also kena the RPGT which is quite high? This is also factored in?

    Wonder if the sellers are mainly flippers wanting to make profits or they have a change in plans.
     
  4. cow138

    cow138 Alfrescian Old Timer

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    RGPT is only paid on the profits. No need to pay if there's loss if I'm not mistaken.
     
  5. sgcount

    sgcount Alfrescian Old Timer

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    Oh ya, I heard about that too. But if like UsernameX said, the owners are not making any loss, then they might have to pay for the RGPT, which I think is quite high in the 1st year? They also have to take into account any interest paid to bank so far (if they took loan). If they are foreigner, then exchange rate loss also.
     
  6. Tekkun

    Tekkun Alfrescian Old Timer

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    Talking about RGPT, do you guys know that Malaysians are entitled to waive payments for RGPT once in their lifetime.
    That means they do not need to pay RGPT when they exercise this right. Therefore they would wait until they feel they made max profits from sale within the 5 year period. Does Singapore has this rule?
     
  7. Merlion

    Merlion Alfrescian Old Timer

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    Dun think so.
     
  8. Aviator

    Aviator Alfrescian Old Timer

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    Malaysians get 1 waiver per lifetime for RPGT.
    Foreigners no.
     
  9. Aviator

    Aviator Alfrescian Old Timer

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    Owners will be collecting their keys for Phase 1 of this maiden EcoWorld project.

    Used to be said that those owners who successfully balloted and secured a unit, was akin to getting a jackpot, some 3 years ago.
    At that time, there were more than 2000 buyers balloting for less than 300 units and it was a big success story for EcoWorld.
    Let's see if the end product from EcoWorld lives up to its much vaunted reputation.
    A lot of eyes will be on the quality of this project as this is really their 1st ever virgin project to handover to their buyers.:D
     
  10. siewsphone

    siewsphone New Member

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    Anyone bought the phase 2 unit?
     
  11. Asterix

    Asterix Alfrescian (Inf)

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    Eco Botanic commercial area has plenty of empty shop lots. I think at least 90% of the shop lots are empty!

    Starbucks, Kuu (Tea Garden), Ying Ker Lou, Yi Jia Restaurant, Pork Restaurant (serious this "restaurant" only has two items on its menu - pig parts noodles and pig parts rice), and two or three others. That about it!

    The commercial shop lots area also has I think two blocks of high rise apartments which just received TOP I am told, but those apartments are damn close to the high tension power lines. Only idiots will want to stay in them.

    If you are buying or renting the Eco Botanic cluster or semi-d houses, you must make sure that your unit is far away from the high tension power lines, which are everywhere!

    JB is massively overbuilt - commercial, residential, retail, you name it they overbuilt it.

    Matter of time before prices come crashing down.
     
  12. FHBH12

    FHBH12 Alfrescian Old Timer

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    2018 might be even worse than 2017 for properties in JB. However I don't think prices will crash (likely further corrections to 2011-2012 levels) because there is plenty of support for below $500k RM housing.
     
  13. snowbird

    snowbird Alfrescian Old Timer

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    By mid-year, we'll probably see the completion of the 2 major condo development by Chinese developers, the Country Garden @ Danga bay and the Princess Cove.
    Together, this 2 developments already has more than 10,000 units, not including those within the city area.
    Imagine the number of units available for rental coming into the already weak market?
    Those already in the market, especially like those in the rural western Iskandar side will face fierce competition from the city ones.
    More will face poorer rental returns while some unlucky ones, even zero rental returns.
    This will hurt the small time investors real bad.
    The consequences are obvious.
     

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