Do u bros know how much UEM sold the land to Ascendas?
Extracted from the edge:"At RM13 psf minus the infrastructure cost of about RM2 psf, the land is sold at only RM11 psf, which is very cheap. However, by doing this, UEM Land is able to get Ascendas into the picture, which could increase the attractiveness of the project to Singaporean investors in the longer term," said the analyst.
UEM Land is also expected to announce more land sale to foreign parties in the near future, said the analyst."
Some years back I have the opinion that Iskandar success is still very much dependent on Chicken and Egg problem. But now I am very much convinced that the issue is being addressed and the main developer's commitment to look long term (cos all this land sold to foreigners projects are leasehold, so it will be in a way BOT, sell to u, u built operate then transfer bk when lease is up. It is the fastest way to reap in investments to turn the vision into reality.
And as all this takes shape, it will become more and more apparent to investors that the place to be would be
Puteri Harbour.
1) Cos it is freehold, u wouldnt want to take up leasehold projects in Medini or near those land that u know are being sold too cheaply. take a more long term perspective.
2)Well planned community from scratch, it will evolve to be like what the model is in the clubhouse marina, if u trace how marina is built to the developments and projects coming up, everything is following the drawing board closely.
3)No foreigner limit
4) If convention, CIQ and Kota Iskandar State & Federal admin is based there at PH, we can be confident of future justification for transportation links to the area.
I strongly belive the prices in the next one year or two, will start to show that Puteri Harbour is the place much preferred over other parts of Johor Iskandar.