I think the causeway toll will be increased but definitely not as high as reported now. It is simply not viable. They will talk talk talk, then complain complain complain... and cut down.
On the other hand, I have been hearing alot of reports about danga waterfront project, it will be a mixed development with business center, residential, conference hall etc. During the "Chingay" festival recently, abang Najib had announced that RM200 million will be invested to furhter enchanced JB downtown, including another shopping mall near the current City Square, improvement on Sungai Seget etc, to make it some sort like "Gurney drive" in penang where people could walk along the beach/river, under the management of IWH (Iskandar Waterfront Holdings). It is reported that Dijaya CorpBhd is investing 3.8 billion, Singapore's Azea Residences will also contribute RM500 million, Australia's Walker Group would also invest in senibong cove etc, blah blah.
Today, star Biz reported that the Brunsfield group will also joint venture with IWH for a gross development value of RM3 billion at danga waterfront. Brunsfield is known for a number of high end development eg. bungalows at Damansara with price tags of RM3000 per sqf, and other projects such as Oyster Cove , exclusive waterfront resort on Australia's gold coast.
So, obviously all these project at the waterfront will not be cheap, do you think it will be successful 5-10 years from now? If so, do you think downtown JB will see some appreciation in the future and it will be good to get a unit for investment in the near future? So far, i have been looking at Nusajaya, what do you guys think about JB waterfront? Thx.