This is very exciting, I am definitely looking forward to 2012. I believe even if property prices in Singapore and KL correct, Iskandar properties might not follow suit, it will be affected a little somewhat, maybe a little slow increase in take up, but overall, prices in general will still go up in the longer term, this is because of the low base where it started from and it has attracted many long term unprecedented major investments. It is probably in a market of its own. This 2012 tipping point is a very important year because it will determine the continual success of Iskandar. Iskandar is definitely doing well in absorbing the spill over effects from Singapore, already most hotels in JB are fully booked prior to the F1 season in Singapore. If things go well, we can expect more top class investors like Temasek to come.
I've also gotten news from various salesmen that developers are increasing prices. Horizon Hills Superlinks new phrase at The Hills, Imperia condo at Puteri Habour.
I was quoted around 610+K for a 22nd floor 813 sqf unit at Imperia (no marina view), registered 2 units (free registration) but did not turn up when they invited us to their invitation launch. Had to give up even after knowing prices will be increased by 14% after the weekend launch (kinda spoilt the market price of that 2 units because we did not intend to buy). For that same unit, price has increased to RM 856.60 psf. I know for a little more, I can easily get a resale studio unit across the road from Petronas Twin Towers. That is one of the reasons I told the salesgirl, but she told me people would still choose to invest here because the roads at KLCC are too congested and that Puteri Habour prices have reached KLCC level. (I think she can do better at explaining)
. Saw quite a few Singaporeans and Ang Mohs viewing the show units the last time we went.
Over at HH, we were told non residents are not allowed to enter the hills precinct. Even the salesmen are not permitted to enter the entire precinct (sales executives cannot view what they are selling). So those who are interested in the units there now can only view the brochures given by the salesmen.