This year’s Mapex in Johor brought new confidence and some surprises.
On the 1st Day of April 2016 I visited many booths & even attended the very interesting talk given by Ryan Khoo at 2.00pm.
There is great enthusiasm and expectation all round!
These are the latest developments so far
- TOP OF THE BEST – CRESCENDO!
Crescendo Launched 287 Units Super Link, Cluster & Semi Detached Houses in Bandar Cemerlang. Bandar Cemerlang is located about 5 minutes drive from Ulu Tiram Town Centre. What a surprise! Of the over 280 units launched only 8 units are left unsold.
Why are they selling so well? The secret lies in their pricing! Double Storey Super Link House 26′ x 70′ are priced at Rm558,000. A real bargain. And you can get a Semi Detached house 32′ x 100′ for only Rm616,000. No wonder they sell like hot cakes.
This shows that houses with the correct pricing, though further from JB City are still in great demand. (With this news I just called My Remisier to buy some Crescendo shares!)
2) UM LAND (BANDAR SRI ALAM)
After the huge success of Selling Maya Heights 2 storey (22′ x 55′) at Rm380,000 they are now selling a slightly bigger unit (20′ x 60′) called Imperial Jade. Now priced at Rm580,000. Their earlier launch of Semi Detached houses over Rm950,000 faced price resistance. So they have lowered the price to below Rm900,000. And all were sold. Last month they launched the Cluster unit at Rm769,000. This is a more realistic pricing that the Market might accept. BANDAR SRI ALAM is known as the City of Knowledge.
These are 3 storey commercial shops located on the soon-to-be opened Nusajaya Coastal Connection. Priced at only Rm1.6 millions each. This is a new area not tested as yet. So we will watch and see how future unfold.
4) JOHOR LAND
Bandar Tiram Houses priced at Rm450,000 are 75% sold. Only 20′ x 70′ land size. This shows that houses priced below Rm500,000 are in demand!
5) BERINDA By Robert Kuok
Double Storey Houses in Taman Ponderosa are priced at Rm1 millions each. For Semi Detached Unit it is going at Rm1.6 millions price range.
6) IOI PROPERTIES (Kulai)
Of the 400 units of single storey houses (22′ x 70′) launched at Rm324,810 only a mere 10 units are left. Mostly facing junction or with bad fung sui.
Wow! Rm324,800 for a single storey house in faraway Kulai? That’s a record!
On the heels of IOI is Glomac. They are launching (20′ x 70′) 2 storey houses near Taman Scientex in Kulai for Rm380,000 each.
Scientex has been selling smaller size 2 storey house (16 x 60) for around Rm300,000 here with great success! Reason give was its location near Johor Premium Outlet & the new proposed Cyber City of Sedenak.
8) TANAH SUTERA
In Taman Sutera (Next to Taman Perling) 2 storey link house (24′ x 80′) are now going for a cool million ringgit. After rebate about Rm960,000.
That means that these 2 Estates – Taman Molek/ Ponderosa & Taman Sutera/ Taman Perling are now commanding the HIGHEST VALUE FOR HOUSES! ALL DUE THEIR STRATEGIC LOCATIONS AND EASE OF ACCESSIBILITY!
Their prices have overtaken Horizon Hill. Price now reduced to Rm800,000 for similar 2 Storey Houses sold by Tmn Ponderosa & Taman Sutera.
So at the end of the day – THE MANTRA OF LOCATION! LOCATION! LOCATION! PREVAILS!
As for Apartments We Have Avoided them all as there will be a huge glut soon.
So Stay Invested In ISKANDAR LANDED PROPERTIES. BEST IS TO BUY THEM FROM SECONDARY MARKETS THROUGH JOHOR HIGH COURT AUCTION!
And now for Ryan Khoo’s interesting highlights on Iskandar
- ISKANDAR HAS THE FASTEST POPULATION GROWTH IN MALAYSIA From 2010 to 2014
Yearly Population for Singapore was 1.5%
For Greater Kuala Lumpur was 4.5%
Iskandar’s popu;ation growth is 7.4%
2. ISKANDAR’s INVESTMENTS GROWTH
ISKANDAR Has Captured the Lion Share of all Malaysian FDI
3) MANUFACTURING GROWTH
There were many slided presented. Showing many companies setting up factories in Pasir Gudang, Senai, Kulai, Nusajaya Industrial Parks & Others.
4) TOURISM GROWTH
In bound tourism will rise and rise with Theme Parks like LEGOLAND, Hello Kitty, Austin Water Park & many more being set up. Right now more investors are planning to set up Theme Parks in Iskandar
5) HSR & MRT
These 2 Train Connections will be the CATALYSTS! As 80% of Singaporeans don’t drive the need for MRT & HSR is crucial to Iskandar’s Boom.
Ways must be provided for EASE OF ACCESS INTO SINGAPORE FROM JOHOR & VICE VERSA!
KL has 8 million people.
Singapore has 5.5 million people.
Since the Sing Dollar is 3 times that of Ringgit
So 5.5 million Sporeans x 3 = 16.5 Million people purchasing power
So If Johor is more merged with Spore the purchasing power will be
16.5 millions from Spore against 8 million of KL – Johor Will Boom by Spore High Value – More than twice the purchasing power in KL.
These are very interesting facts and figures presented.
However, when I asked Ryan Khoo what he himself invested.
This is what he said:
Bought a 2 storey link house in Horizon Hill for Rm900,000 (Prices now weakened to Rm800,000 due to softer market.) Ryan is not dismayed as he believes in 5 to 7 years time all Properties in Iskandar will do well.
He bought a factory in Tanjung Langsat
He also bought 2 units of Condos in MEDINI Zone
Please take note:
Ryan is highly knowledgeable of Iskandar Residential & Commercial Property Market.
However, if only he knew about one unit of Corner Semi Detached House going out for Johor High Court Auction for only Rm1 million. A Corner Semi Detached House with over 4,000 sg ft land at Rm1 millions is a far better buy than his Rm900,000 2 storey link house on 24′ x 80′ land only.