LATEST UPDATES FROM MAPEX 2014 IN ISKANDAR

Yesterday, I visited Mapex 2014 in Sutera Mall. These Are The Latest Findings

 

1) PLENITUDE

Double Storey Bumi Released Lots (Limited Units) Are Now Available. Price Above RM600K. I asked the Sales Rep about IKEA. She said that Plenitude has Sold a Plot of Land to Ikano, the Owner of IKEA. Recently they did a soil test.

Since IKEA is building a Big Factory in Batu Kawan to ramp up production it is only a matter of time IKEA will be launched in Booming Iskandar. Expect house prices to rise in Desa Tebrau, Mt Austin, Puteri Wangsa, Desa Jaya, Desa Cemerlang, Johor Jaya and as far as Ulu Tiram  to rise by 10% to 15% when IKEA is built here. House prices in Bandar Utama & Taman Tun were lifted up by One Utama & IKEA there.

 

2) South Key Megamall

South Key Megah Mall is patterned after KL MidValley MegaMall. It is an almost exact duplicate with 2.5 million sg ft shop spaces (MidVally 3.3 million sg ft). 3 Hotels & offices.

The Sales Rep expect to attract Japanese expat to live here. Currently there are over 1,000 Japanese factories in Pasir Gudang – they live mostly in Taman Molek & Permas Jaya. Because of South Key MagaMall surrounding properties in Taman Sentora, Sri Tebrau & Taman Pelangi have been rising steadily.

 

3) COUNTRY VIEW

One of the Most Successful Developers. Limited  Double Storey Bumi Released Lots still available. Next launch will be Cluster houses, Semi Dees & Bungalows. Its proximity to Horizon Hill is a Big Draw.  All expected to be priced above RM1 million each.

 

4) SUASANA Serviced Residences

This Low Profile Multi Usage Apartment Block is Located Along Jalan Wong Ah Fook in JB Downtown CBD. Another project by UM Land. Only Apartments are For Sale. The Shops Below are Only For Rental by UM Land for recurring income. This is the same approach by SP Setia & EcoWorld Bosses. The Very Prime Shops With Good Mainroad Frontage (Especially Corner Shop Houses) Are Not For Sale (Or going at Very High Asking Prices.) They really know how to maximize value.

This Suasana Studios are going for RM1,000 psf or about RM700K each. The Proposed MRT Station Stop from Singapore will be only 5 to 10 minutes walk away.

 

5) THE IONS In MEDINI

The Sales Rep here is the Most Positive of the Whole Bunch! A 82 Acre Project of 2 Storey Shops, Offices & Service Apartments. Located Directly Opposite LEGO WATER PARK. A propsed New Road Will Link MEDINI TO 2nd Link Highway at PTP Interchange. Thus cutting short the distance to Singapore by 5 Minutes to only 10 minutes.

The expected completion of the Road is 2017. There is a New Entrance to Leisure Farm of Mulpha. This is the logic for buying these 2 storey shops for RM1.6 millions each.

MEDINI Will Be The Most Vibrant And Exciting Boom Town of Iskandar

No low cost houses are here. Only High Value Properties with Quality professionals.

No restriction for Foreign Purchasers.

No Property Gains Tax.

These Factors Will Draw In High Net Worth Companies & Individuals to invest here.

That’s Why They Are So Bullish on Medini!

Note:

The 3 storey Shop Houses in Taman Sutera Utama Facing Main Road – Originally Sold at RM600,000 per unit are now asking for RM3 millions each (Up 500%). Reason is due to the Affluence of the surrounding neighbourhood.

They Expect IONS by Sunsuria to do the same.

No price restriction. Foreigners can buy properties here at any price range. From RM100K to RM10 millions. No problem

Tax Free Incentive For Knowledge Based Companies & Workers for 10 Year Period

 

6) ECOWORLD

This is the most amazing of the Whole Lot. 2 Storey Cluster Houses Are Going for Over RM600K per unit Kota Masai (Cluster houses in Kangkar Pulai by Keck Seng & Kota Tinggi By Daiman are only going at above RM500,000)

They have sold over 50% in Kota Masai. A truly amazing achievement by ECOWORLD in this Once God forsaken place!  Tan Sri Liew is really the Midas with the Golden Touch!

7) SCIENTEX  OPAL ROYAL

Taman Mutiara Mas, Skudai

Amazing Value. 3 Storey Semi D Cluster Houses With Private Lift each. The Master Bed Room is over 800 sq ft in size. At slightly below RM1 million each. This is Real Value For Money.

Also 2 and half storey by Scientex in Kulai Also selling very well at RM350,000.

No wonder Scientex shares perform so well. Great Offers by A Great Company Giving Good Value.

8)  TAMAN IMPIAN EMAS

Double Storey Houses (Super Link 24 x75) Going for Above RM700,000.

Completed Double Storey Shop Houses Still Available at Over RM800,000 per unit.

Surprised? I asked the Sales Rep why Commercial 2 Storey Shops are only priced above RM800,000 while 2 Storey houses are going as high as RM700,000?

Answer given is the location is slightly out of the way in a housing estate. So the catchment for customers at limited. As for residences the location is very convenient for all.

 

9) PELANGI BERHAD

Taman Rinting Double Storey Laman Series Selling Fast at Over RM500,000 per unit. 2 Storey houses over RM500,000? All thanks to EDL & Coastal Highway connections.

Perling Forty Five 3 Storey Shop houses All Sold.

In the Process of Application for CF Now. With the Complete Refurbishment of Perling Mall Business is up over 50%! And CW6 Bus Station is here.

Another Up Coming Project almost 80% Completed – A 10 Storey Tallest Hotel in Taman Perling. Located directly opposite CW6 Bus Station Beside Perling Mall.

All Properties In Taman Perling Will Continue To Move Up & Up!

Note:

Taman Perling is equivalent to Queenstown in Singapore. Queenstown is the most central location as HDB prices here were the First to Cross the S$1 Million Mark in Singapore. Invest in Perling as there is now no more lands for houses.

Expect Taman Perling To Boom & Boom for Many More Years to Come.

 

10) SKUDAI 2 STOREY Clusters & Semi Detached Houses.

Surprising prices!

Cluster Houses 34 x 75 are Going For Over RM800,000 plus

Semi-Detached 2 Storey  Houses 40 x 80 sq ft  going for over RM700,000 only?

I asked the Sales Rep as to why the discrepancy? He said, “The Cluster houses are in Gated & Guarded Vicinity while the Semi Dees are not. So there is a premium for safety.

 

11) SEABANA COVE VILLA  BY IJM Land

3 Storey Villas on 5,000 sq ft lands going for RM1.5 Millions. There are old bungalows now tenanted at RM6,000 to Dialogue Oil & Gas Executives. IJM Lands hope to refurbish run down ones and rent them out for RM10,000 each to Dialog managers. Negotiations still continuing. Since Oil has crashed 40% they are keeping their fingers crossed.

The Pengerang Region will cause the Whole of Eastern Iskandar to Boom.  There was once a ferry sevice for cars from Changi to Tanjung Berlukur. Business was poor so they scrapped it some time ago. If Pengerang continue to take off  ferry services might be reinstated. It only takes half hour ferry ride from Changi to Pengerang Region. As to the 3rd Bridge it could be in Pasir Gudang or Pengerang.