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Friday, October 5, 2012

Property in Johore

My friend, who is a Malaysian PR, brought me to see a few condos in Iskandar. Most of them are being sold at M$500 (S$200) psf, are freehold in tenure and come with full facilities.  The roads are not congested, so driving is a pleasure. The residents said that Iskandar is relative safe, in spite of the reports in Singapore media.

We visited Danga Bay, Horizon Hills, Nusajaya, Medini, :Ledang Heights, Puteri Harbor and Gelang Patah.

Most of the 2+1 apartments have an area of 1,000 sf and sells for M$500,000 or S$200,000. This is a 2 bedroom apartment with a small room (+1) that is used as a study.

I am impressed with the 3+1 apartment in Danga Bay, which is on the outskirt of Johor Bahru and is 10 mins drive from the causeway. The size is 1,600 sf and it sells for S$400,000. It has 2 keys. One key leads to a 500 sf studio apartment. The other key leads to a 2+1 apartment of 1,100 sf. Both units are inter-connected.  The owner can live in 1 unit and rent out the other unit or the grandparents can stay in the adjoining studio unit.

I met a Singaporean at the showroom of the Danga Bay condo. He works as a property agent in Singapore but has bought a unit at Danga Bay. He said that the LRT will connect Danga Bay to the MRT station in Johor Bahru.

If you find a 99 year condos selling for $1,200 sf in the outskirts of Singapore to be too expensive, a property at Iskandar may be an attractive option, especially if your work requires you to travel often outside of Singapore.


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