Matex JB City and NSGlobal - A Time Bomb?

A fellow investor called up NSGlobal head of sales to enquiry about the status after 7-8 months of 'blackhole'. They got into an argument and the guy simply ask him to take back his booking fees if he is not happy. He says there's nothing he can do if developer don't update him.

This is the kind of service you get from them.  Let's see what their website says.

"NS Global’s success is achieved in part due to the its strong partnerships with international consultants and renown developers who provide first-hand information, giving NS Global the first-mover advantage for Singapore investors in many instances."

I do not know what first-hand information they provide. They can't even provide the most basic information and has no hold over the developer. It has been 7-8 months of no news nor updates and it is still counting. You be the judge!

Anyone has anything to share?

Property hotting up in Jurong Area

Looks like things are hotting up in the West especially in Jurong. Jurong Gateway was launched at prices between $1450-1650 psf. Why such a bullish prices? Let's take stock of what's happening or will happen there. There're the newer shopping malls like Jcube, JEM, Westgate (next year), Big box (if it happens) and older ones like IMM. It is right beside the Jurong East MRT station. There are two hospital currently being built, the Ng Teng Fong General Hospital and Community Hospital that's within walking distance. The area will also include a future hotel, redevelopment on the chinese gardens etc. Jurong East is to be developed into a major commerical hub (biggest outside CBD).

The price is also a good news for folks staying in the vicinity as it will also lift up the average prices there.

JEM or JAM?

The latest shopping mall has opened in the West and this time it is again in Jurong. There's already the Jcube early this year. If you want to drive there, better think again. JEM is really JAMMED. The traffic to the carpark is so bad that there's a long queue of cars waiting to just get in. I can't imagine when the other mall, the Westgate, is ready too. This place will be so congested.

Komtar JBCC at Johor Bahru City Center

Another property Komtar JBCC, is launched in Iskandar but this time it is in JBCC.  It is estimated to be completed by May 2013. Looks like they are all trying to bring in some form of theme park stuffs into their malls and this time it is angry bird. Iskandar is really looking like the theme park capital of the world. The location is good as it is near the CIQ, city square mall and the future Matex. All these will add to the vibrancy and redevelopment of the area.