Owning A Causeway Home

By Author: Augustus Snyder
Total Articles: 384
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Since the announcement of the 7th property cooling measure in Singapore, many traders had considered overseas properties as an alternative investment. The 7% Extra Buyer's Seal of approval Duty had placed extra burden on those who sought real estate as part of their investment or even pension portfolio.

However, the local federal government priority experienced always been on serving the basic needs very first amidst an outcry from majority of the population upon rising house prices as well as inflation. For all those with that extra spare cash, where would they now possess a second home?

Correct across the causeway, a lot hype have been spoken about the Iskandar project this was launched because 2007. Numerous sceptics, myself included, had thought of this as another experiment for that Malaysian government. What we did not know, was that this period, they really "mean business".

Within past good examples, several brand new projects had been built before infrastructure were catered with regard to. For Iskandar, the neighborhood authorities experienced spent million with local and international conglomerates ...
... to built-up expressway as well as clear the huge forested property. The Puteri Harbour is one of its landmark project which looks like that of Sentosa Cove homes.

Why after that are Singaporeans rushing in to purchase Iskandar projects? The fact is that the sandwiched course had thought it was enormously difficult to enjoy private housing way of life and there know fears of the unsustainable getting older population.

Over the years, with the strong resale market and increasing prices within the mass market segment, coupled with the cooling steps and the low interest rates, many investors are left with liquid money but are unable to invest logically. Johor, like Singapore, comes with an excellent location. With its closeness to the island state, it is now a good investment ground for those who really wants to live within 5 to 10 moments from the Causeway.

Iskandar is divided into Five flagship zones. The most notable ones are Zone A, which is the Johor Bahru City Center and Area B, the Nusajaya region. The long-lasting Legoland Malaysia and Educity are part of the Nusajaya area. Prices of the new home range from between RM600 as well as RM1200 per square foot. The Medini area, which is a special economic zone with 100% international ownership rules enjoy is one of the most desired developments with regard to Singaporean investors.

Inside zone The, a new legendary project is soon to be released. Set in the former Stadium Bandaraya website, this iconic mixed improvement would soon be the highest residential building in both Singapore as well as Malaysia. Launched from an affordable RM Nine hundred per square foot, this project is set to be one of the most sought after by Singaporeans. Afterall, it is only 800m away from the CIQ and a tunnel would be built to provide direct access. Tasks in the Danga San francisco bay area are already shutting at RM 1000 psf.

The task, called The Astaka will attract investors due to its closeness across the causeway. It might be popular with retirees family who have children learning in the American School within Woodlands who aspire for high standard of living along with luxurious room. Afterall, the tiniest unit start from 2200sqft which is in Singapore terms, an extra. For more information, go to http://www.astakajb.com

astaka iskandar