Page 2 of 2 FirstFirst 12
Results 21 to 28 of 28

Thread: Anyone bought Country Garden Danga B?

  1. #21
    Senior Member
    Join Date
    Feb 2005
    Location
    sing
    Posts
    3,353

    Default Re: Anyone bought Country Garden Danga B?

    Pacific Mall 咸鱼返生 - resurrection. Maybe Najib realised what an eye sore it was to all visitors to MLY.
    Last edited by ricohflex; 3rd September 2013 at 09:01 PM.

  2. #22
    Moderator daredevil123's Avatar
    Join Date
    Oct 2005
    Location
    lil red dot
    Posts
    21,627
    Blog Entries
    1

    Default Re: Anyone bought Country Garden Danga B?

    Quote Originally Posted by ricohflex View Post
    Pacific Mall 咸鱼返生 - resurrection. Maybe Najib realised what an eye sore it was to all visitors to MLY.
    It is still considered good location la. Plus govt offered good incentives for anyone willing to buy over any of the six white elephants. I think Pacific Mall was bought for RM 31 million IIRC.
    Last edited by daredevil123; 3rd September 2013 at 09:16 PM.

  3. #23
    Senior Member
    Join Date
    Feb 2005
    Location
    sing
    Posts
    3,353

    Default Re: Anyone bought Country Garden Danga B?

    Recent news Johor says you pay 5% of purchase price as processing fee, instead of a flat fee of RM$10,000 regardless of property price.
    If property is worth RM$2 Million, then you pay 5% of RM$2 Million = RM$100,000 "processing fee".
    This is the beginning only. They will think of more ways to squeeze you for money. Especially when trying to get (does not mean you will eventually get) the title deed.
    Last edited by ricohflex; 8th October 2013 at 10:29 PM.

  4. #24
    Member
    Join Date
    Jun 2008
    Location
    Jalan Poonpipi
    Posts
    758

    Default Re: Anyone bought Country Garden Danga B?

    who so you think are the ones who are attacted to this kind of property?? I guess not those who live in District 9,10,11. those who are now staying at TPY AMK or Eunos, Bedok or Tampines......... some might be attracted by the mucho bigger space there, to do some gardening, to plant some veggies or some bananas....
    Do not be afraid [of ghost and bullies] Shoot them......

  5. #25
    Senior Member Big Kahuna's Avatar
    Join Date
    Dec 2004
    Location
    Singapore, Singapore, Singapor
    Posts
    2,127

    Default Re: Anyone bought Country Garden Danga B?

    Quote Originally Posted by ricohflex View Post
    Recent news Johor says you pay 5% of purchase price as processing fee, instead of a flat fee of RM$10,000 regardless of property price.
    If property is worth RM$2 Million, then you pay 5% of RM$2 Million = RM$100,000 "processing fee".
    This is the beginning only. They will think of more ways to squeeze you for money. Especially when trying to get (does not mean you will eventually get) the title deed.
    Well, that's timely political move don't you think especially with the UMNO election is just round the corcer....In SG, our gov also make it harder for foreigner to buy a property now....so it's only fair to say that they are entitle to appease their people in order to get enought vote in election....commoner like us can only drool and envy on people with $ to burn.....now lets get back to work shall we

  6. #26
    Moderator ed9119's Avatar
    Join Date
    Mar 2002
    Location
    Singapore
    Posts
    10,931
    Blog Entries
    26

    Default Re: Anyone bought Country Garden Danga B?

    they will find ways to catch those early birds who escaped with paying only MYR10,000
    shaddap and just shoot .... up close
    Walkeast

  7. #27
    Senior Member
    Join Date
    Feb 2005
    Location
    sing
    Posts
    3,353

    Default Re: Anyone bought Country Garden Danga B?

    This rule applies only to foreigners (meaning non-MLY).

    This rule applies to new properties AND to properties on the secondary market. Meaning even if the property flip resale if 4th hand, the 4th buyer will have to pay 5%. Of course the 1st, 2nd and 3rd buyers will also have paid 5% each separately. So of course the selling price will escalate accordingly in order for the seller to recoup his losses.

    I think there is no escape for early birds. They may explain that your deal with the developer/property marketing agent is just your private deal. They are talking about enforcement of a government ruling, i.e. the deal is not yet officially recognised until such-and-such MLY Federal government department (in KL) has registered it.
    Last edited by ricohflex; 9th October 2013 at 10:16 PM.

  8. #28

    Default Re: Anyone bought Country Garden Danga B?

    What I think, tinted with a bit of personal experience of it.

    1. Remember CLOB. - this is the country where they happy happy declare that Singaporean investments all 'bo pakeh' (don't count).

    2. Johore is a big place - everywhere can be opened up for development. Esp. true for the suburbs where there is no real focal point for business/activities to push up prices. So why I want to buy your old place when developer can develop an new one right next to yours.

    3. Look at it as a place to stay (not earn) - then again 'maybe' because of #1. So my few cents, its safer if you have a 'M'sian connection' (eg. spouse who is m'sian; m'sian close relations; somehow can be 'm'sian' via proxy )

    4. Someone said - 'Chinese Tsunami' ...

    5. M'sia can build, cannot maintain. - Just go around Johore, examples abound. The condos are the worst.

    6. Crime - Break-ins, common enough. Imagine if you are the only one with 'Sgp' car license plate parked outside during weekends. If I am the robber looking out for a house to break in or rob, who you think I go for.
    A house is also far easier to break in (esp. when you are not in during weekdays).
    An estate with security is a bit better.
    Better have someone stay in the house even during weekdays too.


    But everybody's 'abacus' calculate differently, so these are just my few cents on it.
    Last edited by pinholecam; 9th October 2013 at 11:08 PM.

Page 2 of 2 FirstFirst 12

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •