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Matex Residence

angmokio

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new-4[1].jpg suasana
 

angmokio

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Look like they increased the price after Komtar JBCC opening.

very good location with slow traffic and possible a river replacing jalan wong ah fook and link bridge to komtar by foot about 2 mins. Imagine when everything ready including the bukit chagar rts station about 7 mins, price would hit 1400rm psf. Anyway I can sell only top or 5th year
 

OracleMasia

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very good location with slow traffic and possible a river replacing jalan wong ah fook and link bridge to komtar by foot about 2 mins. Imagine when everything ready including the bukit chagar rts station about 7 mins, price would hit 1400rm psf. Anyway I can sell only top or 5th year
The link bridge is a proposal only. Not likely to materialize as Komtar building design does not cater to it.
 

cslong

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Princess Cove is definitely is getting stiff competition from SauSana. Both now are considered as top choice for investors for high rise project.
 

Highflyer

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Princess Cove is definitely is getting stiff competition from SauSana. Both now are considered as top choice for investors for high rise project.

I think Sausana is more expensive in term of persquare ft but it dont have the sea view balcony. However, is good because near City Square.
 

snowbird

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The hotel just next to the site, Amansari, is putting up for sale in a very recent advertisement.
I think the Suasana developer should make a strong bid for it, upgrade and then integrate it to become part of the whole complex.
 

OracleMasia

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How much are they selling for the Amansari hotel? I stayed there before. The hotel was badly managed.
The hotel just next to the site, Amansari, is putting up for sale in a very recent advertisement.
I think the Suasana developer should make a strong bid for it, upgrade and then integrate it to become part of the whole complex.
 

penjohorian

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from about rm1060psf. Price indeed increased abit.


From what I can remembered, this price is indeed increased compare with when I first enquired in mid of 2013.
But it should be abt the same as the price they sell in last year (2013) end / beginning of this year.
 

OracleMasia

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http://www.theiskandarian.com/web/index.php/news/item/203-sg-segget-boon-or-bane

[h=2]Sg Segget: Boon or Bane? Featured[/h]Rate this item
(2 votes)









01DEC
2014


Harish MustakNews





Johor Bahru City Centre (JBCC) is undergoing a makeover as the infamous Sungai Segget is being re-opened to be transformed and beautified
Iskandar Malaysia may only reach maturity by 2025, but come 2016, the community will already have a taste of how a city benchmarked by international liveable cities has to offer, especially along Jalan Wong Ah Fook, right at the heart of Johor Bahru (JB) city.
This is resulting from the completion of the Sungai Segget Beautification project, which involves re-opening the infamous Sungai Segget. Launched in 2013, this project is a key component in the JB Transformation blueprint developed by Iskandar Regional Development Authority (IRDA).
The task of monitoring the implementation of this mammoth project was handed to both IRDA and the Johor Bahru City Council (MBJB).
The reason spurring this RM270million transformation came when Johor Bahru city saw a decline in both residents and tourists’ volume and started to show signs of urban decay. The drop in numbers began when Johor State Administrative offices were relocated from JB town to Kota Iskandar in Nusajaya in 2009.
In 2005, Sungai Segget was covered up as a short-term measure to ensure odour and pollution of the river was contained above the ground. However, it was realised eventually that the odour could not be contained via a quick fix and a more comprehensive strategy was needed to have a permanent solution.
In late 2013, the revivification of Sungai Segget commenced with Phase 1 of the project involving the development of an Integrated Water Treatment Plant to achieve a Class II B water quality for the river. This means the water will be safe for recreational purposes, allowing skin contact without any harm.
The second phase will include the development of a flood mitigation system and the beautification of Jalan Wong Ah Fook. Upon completion, the entire Johor Bahru City Centre will be transformed into the new green lung of the city.
In an exclusive briefing to The Iskandarian, Datuk Ismail Ibrahim, Chief Executive of IRDA said the Sungai Segget revitalisation initiative was a catalyst project and its success would be an enabler for the whole transformation plan.
He further added, “We need a showcase project that will beautify the entire appearance of the city centre to show people the potential that JB has.”
Under the blueprint, Jalan Wong Ah Fook will be renewed and beautified. Plaza Seni and the facades of old shop houses will have a refurbished new look with an even population density. Upon completion of the project, the residents and visitors or JB city should have a safe and conducive haven to live and conduct their business.
Pedestrian-friendly bridges will be built for pedestrians to cross the river and extensive walkways will be created for easy access.
Jalan Wong Ah Fook however will be downsized to two lanes as the transformation work progresses. Buses will no longer be permitted to operate in Jalan Wong Ah Fook by the end of this year and will be re-routed to JB Sentral.
During the JB Transformation Open Day in 2013, Johor Menteri Besar Dato’ Mohamed Khaled Nordin said that the rehabilitation works of Sungai Segget into the new 1.2km waterway in the city would turn it into the ‘Gem of Johor Bahru City’ and a new tourist attraction.
IRDA further explained that traffic congestion would not be a concern as the major cause of congestion was due to buses and irresponsible drivers who park haphazardly and double park by the roadside to run their errands.
During a three-day simulation conducted by IRDA last year, buses were diverted away from Jalan Wong Ah Fook and it was ascertained that with proper enforcement and coordination, traffic can be well MANAGED . Once in effect, Jalan Wong Ah Fook will only be available for use by personal vehicles and ‘JB Dihatiku’ city buses operated by MBJB.
To address whether the transformation will have a positive spin on the economy, IRDA provided The Iskandarian with details on NEW BUSINESSES mushrooming in JB town. Ever since the word on JB Transformation got around to potential investors and stakeholders, JB town has seen a 73% increase in business activity with 69 submissions of new development with big names like Komtar JBCC, Suasana UMLand and Double Tree Hilton snapping up prime locations.
JB town has seen numerous flash floods over the years and with the transformation, flash floods will be curbed and will no longer be a major concern. JB Transformation is now perceived to be a catalytic project that will not only revive JB town but also boost the economic growth of the region. More opportunities arise as many activities can be done in this new development and the immediate and future effects are imminent.

 

OracleMasia

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https://khaliladis.wordpress.com/201...tronger-links/

Forging stronger links

Posted on January 23, 2015
By Khalil Adis
Despite previous setbacks, the planned Woodlands-Johor Bahru causeway is expected to reignite the local residential market

Developers and analysts are optimistic that the proposed Rapid Transit System (RTS)-Mass Rapid Transit (MRT) linking Malaysia’s Johor Bahru (JB) to Woodlands, Singapore will have a positive impact on property values, enhance liveability around the transport hubs and reduce the notorious congestion along the Woodlands-Johor causeway.
“The opening of any MRT station will have a 5 to 10 percent value increase over the longer term,” said Donald Han, managing director of property firm Chesterton Singapore.
“The lure of being just a doorstep or an MRT station away from Johor Bahru is also a tremendous plus, without having to negotiate perpetual causeway traffic jams especially on weekends.”
He added that the Woodlands North MRT station will be located next to a proposed Customs, Immigration and Quarantine (CIQ) complex and is within System (RTS)–Mass Rapid and the Woodlands Regional Centre, adjoining several offices and business parks to Woodlands, Singapore
Plans for a cross-border link have been on the table since the 80s, but have to date fallen to the wayside as a result of several bilateral disagreements.
The project was, however, revived in May 2010 and both Singaporean Prime Minister Lee Hsien Loong and Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak agreed to jointly develop an RTS Link.
“I think we will see more Singaporeans and Malaysians who are Singapore Permanent Residents buying seconnd homes in JB city centre to take advantage of the RTS and accessibility to Singapore,” said Han.”The RTS will benefit JB city centre immensely. Singaporeans can now take advantage of ‘lower cost of living’ and to an extent having better lifestyle such as larger apartments with condo facilities at a price of an HDB flat.”
TriTower Residence by MB Buikders Sdn Bhd is the closest located near the RTS Station in Bukit Chagar. Photo: Courtesy of MB Builders Sdn Bhd,

Meanwhile, developers believe the RTS station in Johor Bahru will have a positive impact on the overall development of the Malaysian state.
“The Malaysia government’s decision will likely add value to our development, as it will further improve the commuting convenience for our residents, especially for those lacking their own transport and need to travel between Johor Bahru and Singapore frequently,” said Cindi Sim, Group Managing Director of MB Builders Sdn Bhd.
Under the Urban Redevelopment Authority’s (URA) Master Plan 2013, the Singapore government has put in place a decentralisation strategy to develop the Woodlands Regional Centre into a key business hub. It will serve as a northern gateway to Iskandar Malaysia over the next decade and a half, with direct links to the Thomson Line and to Iskandar Malaysia.
Woodlands Regional Centre Draft URA Masterplan 2013. Photo: Courtesy of Urban Redevelopment Authority (URA) Singapore.


The Land Transportation Authority (LTA) said the RTS would have co-located CIQ facilities on both sides, allowing commuters to clear immigration at a single location for each way of travel. Four potential stations have been identified: Tanjung Puteri, JB Sentral 1, JB Sentral 2, and Bukit Chagar as the terminating station.
“Consequently, we expect that the RTS project will increase the capital appreciation and potential rental yield of TriTower Residence,” added Sim, whose firm’s TriTower Residence development is located just next to the planned RTS station in Bukit Chagar.
“We expect the properties in Bukit Chagar will increase in value due to the RTS project as well as the new Komtar JBCC shopping centre,” said Sim, whose firm’s TriTower Residence development is located just next to the plannedstation in Bukit Chagar.
According to Sim, it would be more valuable for developers to stay near to the transit stations following the rise in petrol prices and the recent toll hiksides of the causeway.
Indeed, Johor Bahru is undergoing major transformations, boosted by MYR1.8 billion (USD549 million)worth of committed funds from Malaysia’s federal government. Ambitious projects in the pipeline include the rehabilitation of Sungei Segget, the revival of the city centre, a new entry gateway near the causeway, and a mixed-use development called Vantage Bay.
Likewise, buyers are anticipating new developments to be launched in the area that will benefit from the reduced travel time created by the RTS.
“The RTS will impact my investment decisions, but only within Johor Bahru or Zone A of Iskandar Malaysia,” said William Liong, a homeowner in Iskandar Malaysia. “Nevertheless, I would still be interested in Zone B, Nusajaya, as this area is not too dependent on the RTS. In Nusajaya, the High Speed Rail project and other catalysts wdriving the demand pattern.
Although the announcement of the RTS in Bukit Chagar has been much anticipated by market observers, officials from Malaysia and Singapore are still awaiting confirmation from either side in order to move on to the next phase of the project and approve the specific train station locations.
Despite the delays, however, they remain optimistic about the overall plan, and believe the crosslink will be mutually beneficial for both Singapore and Malaysia, especially in the manufacturing sector, which normally depends on cheaper workforce cofrom Malaysia.
“Malaysian workers may rent apartments within JB City Centre and commute daily via RTS/MRT to Woodlands,” according to Chesterton Singapore’s Han. “It could be a win-win for both JB and Woodlands each holding their own attractive grounds co- existing in unison.”
This story was first published by Property Report in its January 2015 issue.
 
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