27 November 2012

An Iskandar Malaysia Property Discussion - 27 November 2012

I had a good time chatting with two pretty ladies today. They mentioned to me about their ideas or plans to invest in Iskandar Malaysia. As you know, my posts on Iskandar Malaysia are mostly focus on Nusajaya, a new area deployed for economy growth in South Malaysia. Just for an update up until today, Legoland Theme Park and Hello Kitty World Theme Park are opened for public, EduCity is already ready for foreigners to send over their kids to study in international school, Port Tanjung Pelepas is upgraded / expanded to cater for needs from companies wish to move from Singapore, and so on.

Our topics mainly focused on infrastructure, accessibility, as well as Malaysia Government. And of course if we can achieve at least 20% capital appreciation from Property Investment here within 2-3 years. So far, we all think that the property price in Iskandar Malaysia will go up again, as we heard that more Singaporean are willing to invest in property market here, be it for investment purpose or for second home purpose, as the property price here is far cheaper than in Singapore.

The RTS system is the main catalyst to further push up price of properties nearby train station in Iskandar Malaysia, as it will help to allow more residents to travel in between Johor Bahru and Singapore. The question is, how long would it take to build up the good RTS system as compared to MRT system which took Singapore governments many years to build and improve, and who are willing to travel for long hours to working place in Singapore from Johor Bahru.

The hot spots are now at Austin / Tebrau area and Sutera Utama / Bukit Indah / Skudai area. The future hotspots would be Kempas area and / or Medini / Puteri Harbour Area. Anyway, I still want to try to find a property in Singapore so that I do not need to worry about the rental rising in Singapore. The other reasons would be I will have a base in Singapore, so that I can be more focus on my remisier business in Singapore. I am currently traveling in between Johor Bahru and Singapore, and it takes about at least 1 hour to reach Singapore office from Johor Bahru home, if you go via Causeway.

Below is the map of Iskandar Malaysia which I extracted from Iskandar Malaysia website:




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