No money to buy new model DSLR, how to afford buying this property? Let other people pour their hard earned money into this.
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They have roped in PRC actress Tang Wei in TV commercial.
Plus a host of local media artistes Zoe Tay, Chen Hanwei, Jesseca Liu, Pornsak, Kym Ng and Edmund Chen also present at the carnival/advertisements. A relentless barrage of TV commercials in Singapore aimed at Singaporeans.
There was a photo "I Shot It" Contest and a group of models for you to photograph.
The developer/organiser gave away RM20 (S$8) petrol vouchers, RM 388 food and carnival vouchers and car wash vouchers to the early bird visitors to the property fair.
This is to attract the desperate+kiasu Singaporeans who want FREE-FREE-FREE!
Will such desperate people actually buy the property? Maybe.
Are these the target customers of the developer? Of course not.
The carnival organisers know that such category of people are highly unlikely to be the property buyers to commit to paying hundreds of thousands/millions RM$.
So why attract them there? ---- To generate a CROWD to give the impression that there is great public interest and many potential buyers.
The project is by a PRC developer in the Malaysian State of Johor. Is this a good combination? What do you think?
Look beyond the architectural scale models, the pretty girl distractions, the actors/actresses/so-called celebrities/the free RM388 vouchers/the festive atmosphere....and THINK.
As you depart from the Johor CIQ (Bangunan Sultan Iskandar) complex, you will drive past the rotting hulk of Pacific Mall - an uncompleted abandoned commercial/mixed development complex. This is a visual warning to you.
So don't say the Johor authorities did not warn you. Yes, they did. They ensured that Pacific Mall is one of the first things you see as you enter into Johor. Buyer beware.
Pacific Mall - Photo credit: Super325.com
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Think of crime rates in Johor.
Can Singaporeans buy property in JB? Yes, if you know what you are doing and choose wisely. Many have done so.
As a general rule, stay away from over-the-top launches which try to generate the herd instinct.
As much as I love visiting Malaysia, buying a property there I will think 3 times ..... maybe 5 times
a. ONE little change of regulations or a new law and you are well and truly Kelong'ed
b. for the last 40 years, I have YET to see a nice well-maintained matured estate (landed or condo) more than 15 years old. There does not seem to be a culture of community spirit/pride to keep an estate or even the ROAD on a street of houses in good order.
c. many condos somehow seem to run out of money for pool, grounds, lift and general maintenance after a few years when owners dont pay their maintenance fees or money somehow got siphoned away by groups of people
d. I would rather buy and live in a home in a kampung or small town where there is ALOT more community spirit and pride for the area. Go to little places like Segamat, Kota Tinggi, Yong Peng , Pontian, Batu Pahat etc etc etc or even residential neighborhoods like Taman Perlin in JB..... where most homes have been there forever and the communities so close-knit and while rustic they still feel warm
e. The almost constant advertising, commercials, endorsements , freebies and what not.... cost a bomb. Who is paying for all this? The buyers likely in terms of lower build quality and other corners cut. Remember old saying "Empty vessels make most noise "
If you've already bought, great ! Just remember to flip it out, profit or loss, before the 10-15 year mark ............ like me
Today you are welcomed for only ONE reason. When the cash cow is out of milk, there are other ways to force it to produce more milk
p/s ever wonder why so few regular Malaysians have not bought Danga et al ? If all that 'gold' was in their backyard dont you think THEY would be the FIRST and MAJORITY who snap these up ? How come every Chinese New Year we still go back to our little kampungs, villages and small towns ? How come my relatives have not abandoned their small town lifestyles and moved to spanking beautiful condos and landed property ? We know better ....
I'm in my 50s , had my fun and also learnt my lessons on Malaysian and Batam property ..... want to heed advise or debunk my skepticism is up to you ... not my money.
a. ONE little change of regulations or a new law and you are well and truly Kelong'ed
......
d. I would rather buy and live in a home in a kampung or small town where there is ALOT more community spirit and pride for the area.
Apart from the surprise imposition of capital controls in September
1998, the government imposed a RM100,000 levy on property purchases by
foreigners in October 1995 and applied it retroactively for deals
where the transfer of title took place only after the announcement of
the policy change. The levy was scrapped in August 1997.
I can't verify if "so few" regular Malaysians have not bought Danga .... Danga has 40% Malaysians buying.....
Just answered your own doubt ....
Part2 - try to get the legal document confirming your ownership - for a condo unit - the strata title deed. This is a given, right? no need to worry, right? WRONG. For Malaysian property buys by Singaporeans/PRC/HKgers, you better worry about this until you get it.
Also remember that they can change the rules AFTER you have signed the contract to buy. And the new law is ex post facto i.e. retroactive.
IIRC, when Mahatir bitterly quarreled with Singapore's leaders sometime in the 1990's he suddenly imposed a new requirement for Singaporeans to pay an additional levy (a big sum) in addition to what they already paid for their houses. Or else the Singaporeans lose legal ownership of their properties. They can do this. There is no guarantee they won't do it again in future.
From: http://groups.yahoo.com/group/bmalaysia/message/16791?var=1
This part2 I agreed, I was at the local town government office, you can hear many crazy facts about the strata title deed, very scary.
The Lot 1 shopping centre just next to the old JB Custom, many Singaporean bought units there, it had been open for some months then it shut down. Now a good place to go for fishing or FOC parking there but at you own risk.