Want to read this article in Bahasa Malaysia (BM)? Click here to read now.
Most of you have already aware of this fact, I believe. It is never an easy task in regards of buy a house.
There are bunch of factors you need to consider before anything. These includes the down payment (if you’re buying in sub sale market) or booking fee (if you’re opting on under construction).
Above all, you need to consider the most important one – the location.
It is better to scrutinise this process thoroughly. Or if not, you will face a terrible consequences afterwards.
Been thinking on buying a house around Iskandar Malaysia area? Here are some information you need to go through before buying one.
Iskandar Malaysia – The upcoming centre of economic growth by 2025?
Before we dwell deep in the area itself, it is good for us to know a bit of history behind the emergence of this place.
Iskandar Malaysia, or used to be known as Iskandar Development Region (Wilayah Pembangunan Iskandar), is a development corridor implemented in the southern part of Johor.
This corridor was announced by former and 5th Prime Minister, Tun Dato’ Seri Haji Abdullah Ahmad Badawi on 30th of July 2006.
At first, this corridor was named as South Johor Economic Region (Wilayah Ekonomi Johor Selatan, or SJER).
On November 4, 2006, the name changed to Iskandar Development Region (Wilayah Pembangunan Iskandar, or WPI), in conjunction with the name of Sultan Johor, the late Sultan Iskandar ibni Almarhum Sultan Ismail.
On April 11, 2008, the name was changed again to Iskandar Malaysia.
Islander Malaysia will be the largest economic growth centre in the region. When it is completed, the location will be equal 2 and a half time size of Singapore.
The development is expected to complete on 2025. The development cost requires RM47 billion to generate 8% for the first 5 years.
Iskandar Malaysia covers an area of 2,216.3 square KM in South Johor, covering Johor Bahru, Senai – Kulai, Gelang Patah – Pontian, and Pasir Gudang – Tanjung Langsat.
What are the facilities and amenities available here?
The development of Iskandar Malaysia is included in the 9th Malaysia Plan, so you can expect a rapid development of this area in the future.
Other than various housing supply from low-cost to high-cost segment available near this area, it is also packed with available and diverse facilities and amenities.
We will explain the facilities near here individually according to their respective zones.
Near the flagship zone of Iskandar Malaysia (Zone A), among the available facilities includes:
- Angry Bird Activity Park,
- Komtar JBCC shopping mall,
- DoubleTree by Hilton,
- Bank Simpanan Nasional, and several hotels.
Some other projects in the same vicinity in, such as:
- Mid Valley Southkey Megamall,
- Astaka Padu @ Bukit Senyum,
- Columbia Asia Hospital Tebrau,
- Hilton Garden Inn Hotel,
- Thompson Medical Specialist Centre, and
- R7F Princess Cove.
“What are the completed development available at Iskandar Malaysia?”
For your information, many projects are completed in Zone B located in the southern part of Johor.
- Educity @ Iskandar,
- Bio-Xcel Malaysia,
- Puteri Harbour,
- Legoland Malaysia,
- Pinewood Iskandar Malaysia Studio,
- University of Reading Malaysia, and various residential projects.
The list below are few projects which is still under construction:
- Sunway Iskandar International School,
- Johor Darul Ta’zim Sports City,
- Puteri Harbour Convention Centre,
- Nusajaya Downtown,
- FASTrack Iskandar racetrack.
Near Zone C located in the west of Johor, among the existing development are:
- Tanjung Bin Power Plant,
- Forest City,
- Sunway @ Pendas, and
- Sungai Pulai Wellness Resort.
In Zone D in the East Johor, there are 5 completed development projects:
- Renaissance Hotel,
- Tanjung Langsat Port,
- Tanjung Langsat Industrial Park,
- Boulevard @ Permas Jaya, and
- City of Knowledge @ Bandar Seri Alam.
In the same zone as well, these are lists of under construction development:
- Johor Halal Park,
- Sime Darby Business Park,
- Senibong Cove.
Here are some of the completed development projects in the same zone (Zone D) in the Senai – Skudai area:
- Johor Premium Outlet,
- Senai Technology Park,
- Senai Hi-Tech Park,
- i-Park @ Indahpura,
- i-Park @ Senai Airport City,
- Setia Business Park,
- Eco Business Park,
- Synergy Cloud Data Centre (first phase), and
- Hershey Malaysia Plant.
Are people still buying properties in Iskandar Malaysia?
According to The Star Online news report, Johor is in the 2nd place in the real estate transaction after Selangor.
The NAPIC report recorded 10,058 transactions totalling RM4.33 billion in the Iskandar Malaysia area, compromising major cities like Johor Bahru, Kota Tinggi, Pontian, and Kulaijaya, with 3,995 transactions.
This was followed by Kluang with 745 transactions, Batu Pahat with 521 transactions, and Muar with 480 transactions.
This means, the people’s sentiment to buy real estate in the real estate has improved compared to the previous year.
For those who going to work (or already worked) in Singapore, they will be more interested on buying real estate here. Furthermore, there is Malaysia – Singapore 2nd Pathway. It is much easier now to get there.
So, is it okay to buy house in this area?
Complete with the various facilities available, Iskandar Malaysia can be a good choice for the buyer, whether it is for own use or investment purposes.
For you guys who read up to this point, we want to share the opportunity for those who want to upgrade their knowledge on property investment.
Seriously, you don’t need to pay for anything. You just need to register in order to book your seat for the Property Talk.
We’re inviting you to Property Talk session with Faizul Ridzuan at Forest City Sales Gallery this coming Saturday, November 24, 2018.
Seats are limited. So please make sure you book fast tor reserve your seat.