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Matex Residence

OracleMasia

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http://www.khaliladis.com/blog/jb-sentral-and-woodlands-north-poised-to-be-the-next-hotspot

[COLOR=#FAF6F6 !important]RTS-MRT cross-border link will be the game-changer for Singapore and Malaysia resulting in enhance property values on both sides of the causeway

BY Khalil Adis

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Princess Cove in Tanjung Puteri, Johor Bahru is the nearest mixed use development to Singapore. It is set to benefit from the cross-border rail link service come 2019. Photo: Courtesy of R&F Sdn Bhd.Princess Cove in Tanjung Puteri, Johor Bahru is the nearest mixed use development to Singapore. It is set to benefit from the cross-border rail link service come 2019. Photo: Courtesy of R&F Sdn Bhd.

[COLOR=#FAF6F6 !important]Bukit Chagar in Johor Bahru and Woodlands North in Singapore are set to be the next property hotspots once the planned cross-border rail service linking Johor's Rapid Transit System (RTS) and Singapore’s MRT system is completed in 2018 to 2019.

First announced by Singapore Prime Minister Lee Hsien Loong and Malaysian Prime Minister Dato' Sri Najib Tun Abdul Razak at the Leader's Retreat in May 2010, the cross-border rail service will enhance cross-border travel and bring about a positive impact on property prices on both sides of the causeway.

Already, the project is making good progress with a joint feasibility study completed.

It is now moving on to the next phase of development whereby Singapore and Malaysia will make a joint announcement by end 2014 on whether both countries agree on the final alignment.

Initially, four sites were identified by Iskandar Regional Development Authority (IRDA) during a public outreach programme to gather feedback from Johoreans.

They include Tanjung Puteri, JB Sentral 1, JB Sentral 2 and Bukit Chagar.

However, as R&F had already acquired the piece of land at Tanjung Puteri, three remaining sites remain.

While Johor officials had announced in September 2014 that it had chosen Bukit Chagar as the terminating station, Singapore must also agree with the alignment linking it to Woodlands North MRT station via the Thomson Line.

Regardless whether Bukit Chagar is chosen or not, JB Sentral and Woodlands North are expected to draw more and more people to live-work-play there as these townships will serve as a gateway to Malaysia and Singapore respectively.

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A rare moment – lull traffic on the Woodlands Causeway shortly after the toll hikes were announced. Photo: Khalil Adis.

[COLOR=#FAF6F6 !important]Pull factors
Currently, the toll hikes on both sides of the causeway and the massive traffic jams on weekends are issues that have somewhat affected investment sentiment in Iskandar Malaysia.

As a result, those in the food & beverage, car washing and petrol kiosks businesses have seen a noticeable slump in their earnings.

Over in Singapore, Malaysian-registered vehicles are reluctant to make unnecessary trips to the city-state.

In October, Malaysian workers were left stranded when bus drivers staged a protest by refusing to pay for the tolls, forcing workers and school children to brave the causeway.

However, once the transport hubs are completed, more and more Singaporeans and Malaysians will want to live close to the stations as they do not have to pay tolls on both sides of the causeways.

In addition, it will shorten their commute time.

This is especially so for those who do not have their own transport and need to commute on a daily basis.
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Woodlands Regional Centre Draft URA Masterplan 2013. Photo: Courtesy of Urban Redevelopment Authority (URA) Singapore.

[COLOR=#FAF6F6 !important]Rejuvenation projects announced in Woodlands North and Johor Bahru

Singapore's Urban Redevelopment Authority (URA) has already announced plans to transform Woodlands North into an up and coming business district.

Under the URA Draft Master Plan 2013, Woodlands Regional Centre in Woodlands North will be developed over the next 10 to 15 years as a vibrant live-work-play environment that will serve as the key commercial cluster in the north.

This will give a huge boost to its commercial and industrial districts, particular companies that require huge pool of Malaysian workers and businesses that are located there.

Small and medium enterprises (SMEs) who are more cost-sensitive will also be drawn to move away from the city centre to Woodlands Regional Centre where rental costs will be significantly cheaper.

This, together with the cross-border rail service to Johor Bahru, will draw workers and executives to want to live here.

URA's masterplan has already earmarked land use for new housing projects as well as future waterfront promenade as part of the exciting new growth cluster that will serve as the gateway to Malaysia.
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KOMTAR JBCC and Angry Bird’s Theme Park are part of Johor Bahru’s rejuvenation project. Photo: Khalil Adis.

[COLOR=#FAF6F6 !important]On the other side of the causeway, Johor Bahru, IRDA has already embarked on an ambitious RM1.8 billion Iskandar Malaysia Corridor Transformation Programme to rejuvenate Johor Bahru.

First announced in March 2012 by Prime Minister Dato' Sri Najib Tun Abdul Razak, this rejuvenation project will witness a new CBD coming up, preservation of heritage sites, the refurbishment of KOMTAR JBCC Mall, the opening of Angry Birds Theme Park as well as the beautification and rehabilitation of Sungei Segget.

Once the RTS station is ready in 2019, more and more Singaporeans and Malaysian Permanent Residents (PRs) will want to live in JB Sentral.

The strength of the Singapore dollar versus the ringgit mean many will prefer to buy a freehold condominium with full facilities in JB Sentral.

In Singapore, they can only afford an HDB flat.

This will spur more cross-border investments.

Impact on property prices
The lure of being just a door step or an MRT station away from Johor Bahru is a tremendous plus as commuters do not have to negotiate the perpetual causeway traffic jams especially on weekends

In Singapore, the opening of any MRT station will have a 5 to 10 per cent value increase over the longer term.

If we apply the same historical trend in Johor Bahru (as there is no MRT station in the city to make a fair comparison), we can expect property prices around here to reach around RM1,050 to RM1,100 per sq ft.

Over in Woodlands Street 81, the closest neighbourhood to Woodlands North MRT, recent transactions for HDB flats here between October 2013 to October 2014, ranges from S$340 to S$370 per sq ft.

Once Woodlands North MRT is completed, we can expect property prices in the vicinity to increase from S$357 to S$407 per sq ft.

Should condominiums be launched in Woodlands North, we can expect at least a 20 per cent premium in per sq ft pricing.

The RTS-MRT link will indeed be a win-win situation for both Singapore and Malaysia as it will enhance property values on both sides of the causeway and reduce traffic congestions.

This story was first published by Real Estate Malaysia in its January 2015 issue
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OracleMasia

Alfrescian
Loyal
Next Hot Spot, City of Choice - Suasana Iskandar Residence develop by UMLAND
SUASANA, JBCC’s newest upmarket mixed development is located along the corridors of Jalan Wong Ah Fook and Jalan Trus, and is just a short walking distance to JB Sentral and Johor Immigration (CIQ).
Comprising an internationally branded hotel, a 2-storey entertainment and retail hub and a 36-storey service residence tower, SUASANA forms an integral part of the city’s massive redevelopment and transformation program along Jalan Wong Ah Fook and its surrounding infrastructure where Sungai Segget and its arteries will flow through a new and energetic urban boulevard of alfresco entertainment, shopping therapy and cultural hotspots in the city.
https://www.youtube.com/watch?v=Ro_uc0xg18E:smile:
 

cslong

Alfrescian
Loyal
Next Hot Spot, City of Choice - Suasana Iskandar Residence develop by UMLAND
SUASANA, JBCC’s newest upmarket mixed development is located along the corridors of Jalan Wong Ah Fook and Jalan Trus, and is just a short walking distance to JB Sentral and Johor Immigration (CIQ).
Comprising an internationally branded hotel, a 2-storey entertainment and retail hub and a 36-storey service residence tower, SUASANA forms an integral part of the city’s massive redevelopment and transformation program along Jalan Wong Ah Fook and its surrounding infrastructure where Sungai Segget and its arteries will flow through a new and energetic urban boulevard of alfresco entertainment, shopping therapy and cultural hotspots in the city.
https://www.youtube.com/watch?v=Ro_uc0xg18E:smile:

Just to remind that Suasana is actually located in the middle of red district area..... and with loads of foreign workers. You wouldn't want to go out there during night time if you stay in Suasana.
 

snowbird

Alfrescian
Loyal
Just to remind that Suasana is actually located in the middle of red district area..... and with loads of foreign workers. You wouldn't want to go out there during night time if you stay in Suasana.

So is City Square, the CIQ and the newly opened Komtar SC, all in the same vicinity............are you also seeing loads of foreign workers and tons of street walkers there?
JB central is only so big!
Actually Chinese New Year try to refrain from scolding people, but for you special, YOU ARE SO DUMB!
 

Vohkster

Alfrescian (InfP)
Generous Asset
So is City Square, the CIQ and the newly opened Komtar SC, all in the same vicinity............are you also seeing loads of foreign workers and tons of street walkers there?
JB central is only so big!
Actually Chinese New Year try to refrain from scolding people, but for you special, YOU ARE SO DUMB!

On one hand he keep saying JB is going to transform to a world class city with all the development, then he comes along n puts his foot into his mouth again by saying the city centre is a red light district. Can you stop being so dumb cslong? And your are back at what u do best , slagging other developers project again. Haiz. Really childish still never learn.
 

cslong

Alfrescian
Loyal
So is City Square, the CIQ and the newly opened Komtar SC, all in the same vicinity............are you also seeing loads of foreign workers and tons of street walkers there?
JB central is only so big!
Actually Chinese New Year try to refrain from scolding people, but for you special, YOU ARE SO DUMB!
You should take a closer look at that place particularly at night. By the way, scolding people during Chinese New Year indeed will bring bad luck to you in the year of Goat! Please be careful...... calm down.
 

cslong

Alfrescian
Loyal
So is City Square, the CIQ and the newly opened Komtar SC, all in the same vicinity............are you also seeing loads of foreign workers and tons of street walkers there?
JB central is only so big!
Actually Chinese New Year try to refrain from scolding people, but for you special, YOU ARE SO DUMB!

You should take a closer look at that place particularly during night time. By the way, scolding people during chinese new year indeed going to bring you and your family bad luck. Be careful.... calm down bro.
 

angmokio

Alfrescian
Loyal
Anyone here had any information on Suasana (formerly Matex) directly opposite Komtar, a 2 minutes walk, at which level it is now??
 

angmokio

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Loyal
Any one can update on the latest pricing and % sold of Suasana?

thanks, and if 7th floor means they started on the apartment?
and the latest pricing at 7th level is 1380myr psf as was told 1 week ago, meaning to say by the time TOP, should be 1450myr psf.
Hoped to find a buyer for my unit by the time TOP.
And also been told the first few commercial level is high end entertainment hub and F & B.
 

Relaxman

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Loyal
thanks, and if 7th floor means they started on the apartment?
and the latest pricing at 7th level is 1380myr psf as was told 1 week ago, meaning to say by the time TOP, should be 1450myr psf.
Hoped to find a buyer for my unit by the time TOP.
And also been told the first few commercial level is high end entertainment hub and F & B.

You may have to hold very much longer. Buyers are spoilt of choice now.
 

angmokio

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Loyal
You may have to hold very much longer. Buyers are spoilt of choice now.

thanks

i agree with you as when i bought this unit, the first thing in my mind is location which is my top priority, not sea facing or reclaim land (as i work in reclaimed jurong island and i ve seen it myself). Anything more than that is a bonus, high end entertainment, good F & B outlets, a manmade river which is almost the same as taiwan, CIQ and rts about 6 minutes walk, angry bird, new shopping mall Komtar etc.
 
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Relaxman

Alfrescian
Loyal
thanks

i agree with you as when i bought this unit, the first thing in my mind is location which is my top priority, not sea facing or reclaim land (as i work in reclaimed jurong island and i ve seen it myself). Anything more than that is a bonus, high end entertainment, good F & B outlets, a manmade river which is almost the same as taiwan, CIQ and rts about 6 minutes walk, angry bird, new shopping mall Komtar etc.

Maybe just hang on for own stay. Especially if you like shopping at City Square.
 

Newbie11

Alfrescian
Loyal
thanks, and if 7th floor means they started on the apartment?
and the latest pricing at 7th level is 1380myr psf as was told 1 week ago, meaning to say by the time TOP, should be 1450myr psf.
Hoped to find a buyer for my unit by the time TOP.
And also been told the first few commercial level is high end entertainment hub and F & B.
Hmm can find buyer at 1.5k psf?
 
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