Danga Bay, Tropez Set to Bene T from JB-Singapore RTS Rail Link

___ Monday, 23 November 2020, 8:22pm

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Danga Bay, Tropez set to benet from JB-Singapore RTS rail link By Kathy B. - November 23, 2020 @ 7:06pm

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Datamine Malaysia head of research Jerren Lai said property prices at the Danga Bay 42m Witness: Few broken fences but no burglary incident at The Dusun Resort area, including the upscale sea-fronting Tropez serviced apartments will likely hit RM1,200 per square ft or half of Woodlands’ median price with the RTS development. 57m Dr Noor Hisham: 4 new clusters identied today

Danga Bay, a prime sea-frontal area in Johor Baru (JB) where China 1h Ongkili: Special council on MA63 to convene Country Garden made its debut several years ago is set to benet from rst meeting on Nov 30

the JB-Singapore rapid transit system (RTS), says Datamine Malaysia 1h Danga Bay, Tropez set to benet from JB- head of research, Jerren Lai. Singapore RTS rail link

Lai said property prices at the Danga Bay area, including the upscale sea- fronting Tropez serviced apartments will likely hit RM1,200 per square ft RECOMMENDED (psf) or half of Woodlands' median price. Green-zone-to-green-zone domestic Tropez, the rst modern serviced apartments in JB is part of the larger tourism begins Tropicana Danga Bay project, a joint venture between Tropicana Corp Bhd and Iskandar Waterfront Holdings (IWH) Sdn Bhd.

Strategically located on 14.8 hectares of prime freehold waterfront land in Israeli PM held secret talks in Saudi Zone A of Iskandar Malaysia, Tropicana Danga Bay has a gross with Pompeo, MBS development value of more than RM4 billion.

YOU MAY ALSO LIKE Loke: JB-Singapore RTS will EMCO at TaJmusatn o Mnes qura,i ckPla quzae Hestinotnian × KajanPgle asned h Melpe doaunr r8e8se laifrtcehd and get rewarded be LRT-based system How old are you? Causeway Chaos: 'Set up agency to manage Under 18 years checkpoint' (NSTTV) PRG net prot ju1m8 -p 2s4 t oy eRaMrs20.4 million for Q3 Khazanah keen on working 25 - 34 years with Grab in JB-Singapore 35 - 44 years Malaysia to proceed with JB- 45 - 54 years Singapore RTS project [NSTTV] 55 - 64 years Biden to start naming cabinet picks 65 years and above It comprises residences, oces, commercial towers, a luxurious hotel and Tuesday as Trump resists VPoints: 1 Redeem rewards retail and is a short drive to the Johor-Singapore causeway. (https://vodus.com) (https://vodus.com) Gain more VPoints Powered by (https://vod / TRENDING WORLD 30 minutes ago

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NATION 5 hours ago Sg Selangor pollution: Company director, contractor face lifetime in Tropicana Danga Bay is strategically located on 14.8 hectares of prime freehold prison waterfront land in Zone A of Iskandar Malaysia, close to the Johor-Singapore causeway. Datamine/Photo NATION 7 hours ago Immigration scandal: Why was someone with a criminal record Phase 1 of the project is Tropez serviced apartments featuring three sea- appointed to the civil service? facing blocks, completed at the end of 2014.

Tropicana, known for its agship Tropicana Golf and Country Resort STORIES FROM SAYS development in Petaling Jaya, and IWH may plan new launches at Nov 20, 2020 @ 5:46pm Tropicana Danga Bay following the RTS development. 15 Restaurants In Klang Valley Which Serve Pizzas That Aren't Fast Food "Not many know this but Tropez triggered the condo boom in the Iskandar Malaysia region and led to the 'birth' of Datamine. Prior to Tropez, there 5 hours ago were very few condos in JB back in 2010. Singaporean Aircraft Makes Emergency Landing On PLUS Highway In Johor "Developers opined that landed property was the way to go, partly inuenced by Singapore demand, where landed commands a super- an hour ago premium and the ultimate social status for Singaporeans. Selangor Records More Than 60% Of New COVID-19 Cases Due To Teratai "When Tropez launched at more than RM420 psf, it was considered high Cluster

as one could get a landed property for that price. But Tropez sold like hot 2 hours ago cakes. There was a big unmet market for modern condos where a M'sian Woman Recounts Sexual swimming pool is a rare sight," Lai told NST Property. Harassment By Grab Driver During 26- Minute Ride Lai said Tropez inuenced MB Group or Mahabuilder, one of the largest 3 hours ago developers in JB back then to launch Skysuites, the rt condo nearby the [PHOTOS] Kemaman Teacher Travels JB Customs, Immigration, and Quarantine Complex (JB CIQ). 21KM To Deliver Students' Homework Despite Heavy Rain According to him, Skysuites sold 1/3 of the building just by word-of-mouth within one week and the developer abandoned plans to build a showroom. Just one quick question × The success of Tropez and Skysuites drove Paragon Residences, V Please help our research and get rewarded Summerplace, and Country Garden into the market. How old are you?

Lai said what is interesting about the JB property market is that there are Under 18 years many rst when its comes to real estate development starting with 18 - 24 years Tropez. 25 - 34 years

Tropez is the rst modern condo with the rst-of-its-kind innity pool, 35 - 44 years while Skysuites is the rst condo in the city centre that is within walking 45 - 54 years distance to the CIQ. 55 - 64 years Paragon Residences is the rst condo to start selling from RM1 million a 65 years and above unit, SetiaSky88 the rst tallest twin towers, RF Princess Cove the rst VPoints: 1 Redeem rewards integrated development with HOPSCA concept (hotel, oce, park, (https://vodus.com) (https://vodus.com) shopping mall, club, apartment), Country Garden the rst largest single Gain more VPoints Powered by (https://vod development with 9,500 units at one go, and Anity, the rst condo in / Medini where foreigners can buy with no restriction on minimum price.

"With RTS in the pipeline, many people earning the Singapore dollar will take up condos in JB city area as its considered cheap by Singapore standard," Lai said.

Lai said comparing Singapore Woodlands versus JB CIQ property price, the Urban Redevelopment Authority of Singapore (URA) records Woodland's median price at SGD799 psf (RM2,397 psf) while Iskandar Property Census 2020 Q3 reported JB CIQ prices at RM921 psf.

"Private property priced between the two nodes exceeds 320 per cent in differential value but will likely narrow to around 30 percent upon the completion of the RTS. JB CIQ prices will gradually appreciate in tandem with the RTS progress from RM921 psf now to around RM1,700 psf," Lai said.

Just one quick question × Please help our research and get rewarded How old are you?

Under 18 years

Datamine Malaysia head of research Jerren Lai. Courtesy Photo 18 - 24 years

25 - 34 years Malaysia has began construction for the RTS link with a groundbreaking ceremony at the site for the Bukit Chagar station on November 22. 35 - 44 years 45 - 54 years The event was ociated virtually by the Sultan of Johor, Sultan Ibrahim Sultan Iskandar from Istana Bukit Serene. 55 - 64 years 65 years and above Also present were Tunku Mahkota Johor Tunku Ismail Sultan Ibrahim, Transport Minister Datuk Seri Dr Wee Ka Siong and Menteri Besar Datuk VPoints: 1 Redeem rewards (https://vodus.com) (https://vodus.com) Hasni Mohammad. Gain more VPoints Powered by (https://vod The RTS Link aims to connect Bukit Chagar in Johor Bahru to Woodlands / The RTS Link aims to connect Bukit Chagar in Johor Bahru to Woodlands in Singapore, serving about 10,000 passengers per hour each way to help ease trac congestion on the Causeway.

The total cost of the RTS project is estimated at RM10 billion (SGD3.24 billion).

Passenger services are targeted to start about six years from now.

The Bukit Chagar station will feature a four-storey block, encompassing the train platform and CIQ. It will be part of a transit-oriented development with the adjoining JB Sentral station and a mixed property project.

The RTS journey is projected to take less than 10 minutes to connect the two regions and the state-of-art immigration clearance system is expected to mirror the Shenzhen-Hong Kong border crossing.

"Malaysian real estate valuers will need a paradigm shift in the way they value Iskandar properties from now on as the Singapore factor will drive prices benchmarked against Woodlands rather than historical local transaction prices," he said.

Rail link between Johor Baru and Singapore will improve signicantly the demand for properties in Iskandar Malaysia, including the Danga Bay area. Image courtesy of Datamine

A 'boom' for JB property market

There are eight freehold properties in JB, including Tri Tower, Suasana, R&F Princess Cove, Sky Habitat, Skysuites, V Summerplace, and Paragon Suites within 15-minutes walking distance to the RTS hub that will be in high demand.

Lai said the Iskandar Property Census 2020 Q3 Report singles out the eight properties that will have an added premium as Woodlands is Just one quick question × earmarked as the third Regional Centre and largest Northern economic Please help our research and get rewarded hub of Singapore. How old are you?

Singapore Woodlands is a thriving commercial and industrial node where Under 18 years its small and medium enterprises currently employ a large pool of 18 - 24 years Malaysians whose expected salary is lower as they live across the 25 - 34 years Causeway. 35 - 44 years Lai predicts the pool will get bigger once the RTS is completed. 45 - 54 years

"Strong demand will also come from the Singapore HDB leasehold 55 - 64 years dwellers who are experiencing the lease-decay problem. About 80 percent 65 years and above of Singaporeans live in HDB ats and 100,000 of these units are nearing VPoints: 1 Redeem rewards 60 years where banks are reluctant to offer loans to new purchasers. (https://vodus.com) (https://vodus.com) Iskandar freehold properties will be an affordable escape route for them," Gain more VPoints Powered by (https://vod he said. / Tri Tower and Suasana are priced around RM1,300 psf. R&F Princess Cove is priced at RM910 psf, Sky Habitat at RM800 psf, Skysuites at RM635 psf, V Summerplace at RM748psf, Paragon Suites at RM880 psf and the upcoming Twin Tower at RM791 psf.

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