Yup agree with Jason, below are approximates of buyers' nationality;
1) East Ledang Phase 8 terraces RM660k to RM1 mil - Bought by 50% foreigners and 50% Malaysians.
2) East Ledang Phase 3a bungalows RM2.6 mil to RM3.3 mil - Bought by Mostly Singaporeans.
3) Impiana Condo (outside East Ledang, one of the most expensive condos in Johor) - Bought by Mostly Malaysians.
What did you see from the above?
I saw that both Singaporeans and Malaysians are willing to buy very highly priced high-end properties in Nusajaya.
I saw that Singaporeans are even willing to pay over the SGD 1 million mark for a high-end bungalow in Nusajaya. Our friends Sanur, IskandarRocks and Puteri Harbour are the few examples here and there are many more of such Singaporeans who bought their expensive bungalows in LF, EL and HH. There are also many more like Wuqi and HH who bought multiple smaller units which adds up to value of a few million RM.
The key here is all about Location! Don't judge a country as a whole, there are growth areas in every countries. Spot the growth area yourself and you'll easily make millions from properties, provided you have a few hundred thousand bucks to start off. Even a small island like Singapore, not all areas enjoyed the same capital appreciation for the past 4 years. Some areas appreciated more than 200% while others only 50%.
Spot on!, I wished i had more spare cash to put in. sigh..