7 iskandar investment tips - starproperty

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7 Iskandar investment tips

Posted on January 3, 2013-Investment.

With the renewed hype into Iskandar Malaysia, you might think its property market would now see little

opportunity for capital appreciation. Newly launched properties in Iskandar have appreciated 20% to 30% this

year while the secondary market has appreciated by 10%, spelt out Rahim & Co (Johor) executive director Loo

Kung Hoe. Nevertheless, Loo reckons that 2013 may still see values rise by between 10% and 20%. Hopefully

some rises will be seen in the following, our seven carefully picked Iskandar investment tips:

1. PR1MA houses in Nusantara Prima, Nusajaya

Price: from RM199,000

Those living and working in Johor have the privilege to apply for subsidised PR1MA homes in Nusajaya. 201

double storey landed houses priced from RM199,000 will be balloted after the registration period.

The development offers two types of four-room terrace homes measuring 18ft x 65ft and offering a built-up area

ranging from 1,384 sq ft. The development is targeted to be completed and ready in 2016.

Eligible applicants must apply at register.pr1ma.my/Account/Register.

2. Ledang Heights bungalow lots

Price: from RM1.8mil or land from RM80 per sq ft

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One of the earlier developments at Iskandar, Ledang Heights offers

330 freehold acres taken up by 571 bungalow lots. Although the current market price of around RM80 per sq ft is

significantly higher than its launch price in 1997 (too cheap to even mention, according to the developments

marketing manager Siti Nurazian), that is still much lower than the cost of bungalow land in the Klang Valley and

certainly Singapore.

Currently, percentage of foreign owners at Ledang Heights weigh in at about 40%, says Nurazian, because when

it was launched in 1997 when many Singaporeans were still skeptical about the Iskandar concept, and way

before the Nusajaya rebranding.

These comprise not just Singaporeans, she says, but also international expatriates who work in Singapore.

This whole street is expats, says one homeowner, Olivia Plogmann, who agreed to have a media contingent

swarm into her contemporary and luxurious home. In fact, one neighbour also has a child going to the German

school in Singapore, which allows the two families to car pool. In Germany I used to drive an hour to drive to

work so 30 minutes is not an issue for me, says Olivia.

Among her social c ircle, she says she gets enquiries for lands to purchase. But it s not so easy to find land like

that anymore. Because its quiet and its near to Singapore.

Currently, less than 10 units of bungalow land, are still available. According to Nuraziah, the location for these

lots are not prime and may be located on slopes. Nevertheless, with a bit of design ingenuity, these lots have the

potential for capital appreciation and good rental income. After all, there are already a number of Singaporeans

renting in Ledang Heights, said Nuraziah.

Ledang Heights also offers land plots that come complete with bungalows built by UEM Land. Offering land areas

of around 5,000 sq ft and built-up areas ranging from 15,000 to 20,000 sq ft, these are priced between RM1.8mil

to RM2mil.

For more information, contact [email protected].

3. Teega Residences condo and Teega Suites serviced apartments in Puteri Harbour, Nusajaya

Price: from RM444,888

Out of 900 Phase 1 units offered at Teegas November 2012 launch, 64% was snapped up within two days,

according to developer UEM Land.

Phase 2 was opened for sale in a private preview to previous customers and early registrants on 15 and 16

December. A total of 500 units were offered for Phase 2 with an average price of RM785 per sq ft. These were



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condominium units with built-up area ranging from 1,167sq ft to 1,998 sq ft, penthouse units with built up area of

4,457 sq ft, cabana units with built up area of 886 sq ft, and serviced apartment suites with built up area ranging

from 485 sq ft to 1,621 sq ft.

Out of 1292 units, 80% have now been sold.

More info from 03-2718 7609, 03-2718 7605, 03-2718 7788.

4. Nusa Bayu houses and apartments

Price: completed houses from RM350,000, off-plan apartments from RM300,000Launched in 2010 for prices which ranged from RM197,000, subsale double-storey terrace houses are currently

on the market around the RM350,000 mark.

Nine hundred apartment units in Nusa Bayu will be launched in the first quarter of 2013 at prices below

RM300,000. The apartments would consist of one-room, two-room and three-room units to be developed on low,

medium and high-density bases on a 9.86ha site.

More info from 07-551 6191, 07-551 6192, www.nusabayu.comor [email protected].

5. Medini Integrated Wellness Capital

Price: double-storey terrace houses under RM1mil

Medini Integrated Wellness Capital is a wellness-themed township being developed by Eastern & Oriental Bhd

(E&O), Khazanah Nasional Bhd and the Singapore governments Temasek Holdings (Pte) Ltd. The townships

first phase of terrace houses will be launched in the first half of 2013, possibly after Chinese New Year 2013.

Tentatively plot sizes range from 27 x 65 and built-up area are upwards of 2,200 sq ft.

Towards the end of the year, the developer may consider launching a phase of service apartments.

All properties come with membership to the wellness sanctuary over a certain duration.

More info from E&O PropertyDevelopment Bhd.

6. Secondary J ohor Bahru homes

Price: houses from RM280,000



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With the completion of the new coastal highway, older housing

developments such as Taman Baiduri are now less than 10 minutes away to Nusajaya, as well as to JohorBahru. Houses here can still be bought for what would be deemed a song, compared to KL and Singapore prices.

For example, two-storey 22 X 70 freehold intermediate terrace houses in Taman Baiduri are on the market for

RM280,000.

Other secondary properties for sale in Iskandar Johor include:

A 3-bedroom, 2-bathroom freehold apartment in Sekudai for RM128,000

A 1,133 sq ft leasehold apartment in Taman Kobenar for RM300,000

6. Danga Island

Price: villas from RM11mil

The 152 villas on this exclusive island are being marketed for a billionaires ransom, but they come with an

inimitable location, on a landscaped island within the Straits of Johor and are accessible straight from the newcoastal highway. How more exclusive can you get? According to its developer, Danga Island provides security

features as well as its own club house called Ombak Club.

More info from Danga Baywebsite.

Related articles:

Iskandar now poised to roll in the money

Iskandar attractors

Iskandar and Nusajaya FAQs

A modern Iskandar mansion for a tenth the price

Iskandar Malaysia: Full steam ahead

Cheaper labour biggest factor for Singaporean company to locate in Iskandar

Johor property market may face oversupply in the longer term


7 iskandar investment tips - starproperty

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