The Studio unit at Imperia average 1100sqft, and if it is going at RM800psf, WOW, the most expensive unit will be selling at RM880,000. Can buy a Terrace unit at HH Hills and still got balance. Would you buy it?
For me, I won't buy. Here's a simple scenario just to share my thought.
At RM800 per sq ft for these condo units, Nusajaya needs to be Very successful in order for me to make profit, but if Nusajaya is only 50% successful, I might lose money.
At RM233 per sq ft for my terraces in East Ledang last year, I told myself that Nusajaya doesn't need to be 100% successful in order for me to profit from that price, even if Nusajaya only achieves 50% success, I'll still be making profit. Of course I'll lose money if the Government suddenly decides to abandon Nusajaya, but such a chance is really low and I'm Definitely willing to place my bet on such odds. I'm a gambler who can even bet on just a 50-50 chance on a casino table. Thus such good odds of winning in this bet on Nusajaya is a no-brainer to me. Chances of Nusajaya continuing to further develop and achieve just 50 % success is Much higher than it being abandon, judging by the committed investments in Nusajaya last year.
Of course I don't just look at price per sq ft, the ultimate price of the unit is Very important too. If the built-up size of a terrace is too big, the ultimate value is high and thus demand will be lower when I need to sell it(the higher the price, the lower the demand). My terraces were each 2766 sq ft and price was RM 646,888. As a Singaporean, I see it as only SGD264k. Eventually when Nusajaya develops into a livable city(yet just 50% developed) with Mega-Mall(Lifestyle Retail Mall), theme parks, schools and other amenities etc etc and the prices of my terraces doubled to SGD 528k, I've judged that there'll still be demand from Singaporeans, even just HDB owners, who are willing to pay this amount for a free hold landed property in a brand new city in Johor so near to Singapore because it's just the price of a 5 room HDB. I wouldn't have judged the same way if the built-up area of my terraces are 4500 sq ft. Semi-D of that size(4500 sq ft) would not be judged the same way as terrace because it belongs to a higher class of property and people are definitely willing to pay a higher price for Semi-Ds compared to terraces.
At present, Nusajaya is not even 5% developed, and true enough, prices have already appreciated and my price of RM 233 per sq ft was history.
The above illustration of per sq ft prices are based on East Ledang only, not referring to Iskandar or Johor as a whole.