Hi DB... oops I meant Horizonhills. In my view, any price at RM1.15 mil and below for a East Ledang's semi-d in Phase 1 is considered Fire Sale price. There's no straight answer for HH as there are different precinct, sizes, facing etc to consider.
My view on HH is that presently, it is the one and only, best lifestyle living, gated & guarded community with great view and security in the whole of Johor which is nearest to Sg via 2nd link. Other than that, it is presently accessible via a relatively new Taman(Bukit Indah) and thus the feel good factor of the surrounding environment and amenities(Jusco, Tesco etc) as compared to all the older Johor including JB city. At present as Nusajaya is still not developed, many have the mindset of buying a landed property in Johor with great lifestyle living as priority, near to already existing amenities, with price appreciation(investment) as bonus. Thus if they were to buy East Ledang, they would lose the 'lifestyle living with great view' component for around the same amount of money paid. Since there are uncertainties about developments in Malaysia, why not make their money well spent and thus HH is their choice at present.
To me, investing in East Ledang is investing in its 'future' potential in terms of
Location. It is right beside Iskandar Financial District in Medini and also the very successful Educity. My view of 'right beside' means within walking distance, a mere 5 mins drive away will be a totally different world. If not, I would have bought in Gelang Patah
Temasek did their due diligence on the whole of Iskandar Region and chose to place their money to develop the whole cluster 'right beside' Iskandar Financial District in Medini too, they definitely didn't just tikam tikam or 'tiam yiu tiam peng peng' and happened to point at Medini on the map
On the map, East Ledang is on the left of Iskandar Financial District in Medini and Temasek's developments(including terraces, semi-ds and bungalows) are on the right. Investing in this location, I won't be worried of the future newer, grander, safer, nicer land-scape, cheaper etc etc new gated communities springing up in Gelang Patah or any areas even nearer to 2nd link being competitors to East Ledang. Unless IRDA is so successful on Iskandar Financial District in Medini that they decide to build another Financial District nearer to 2nd link call Medini2 or Menini
, but even if that happens, I'll still have plenty of time to sell my units will big profit since the Iskandar Financial District in Medini is already so successful and thus a highly sought after
Location.