Somerset Puteri Harbour Iskandar Johore

Keen to know what's the progress of Somerset Puteri Harbour development? This is close up of how it looks like. Taken from Traders Hotel that's just next door.

This is the view from Traders Hotel so it is likely to be similar when Somerset Puteri harbour is built. 

The hotel pools that even include an infinity pool. Hopefully Somerset will have one too.

Another high ranking for Singapore

Another high ranking for Singapore and this one I am really impressed. Singapore is the only Asian country among the top 20. The index is the World's Most Talent Competitive Countries by Insead.

Another Top Ranking for Singapore

Another top ranking for Singapore. Now Singapore is ranked number 3 in the Human Capital Index. This measures just how well we maximize the long term potential of its labour force. Singapore is the only Asia country in the top 10. Japan is the only one in top 20 (at 15).

UMLand having second thoughts?

With the repeated delays of the Matex Residence or the now called JB Sausanna, rumours are abound online about UMLand planning to revise the price. This follows the price surge in Iskandar and this might be too tempting for developers to be greedy and renege their committed selling price months ago. All it takes is some greedy developers to change the confidence of investors in Malaysia once again.  Well, this doesn't happen in most developed economies but for Malaysia, the risk is real. Will see if they screw it all up for themselves once again. 

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.