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Saturday, August 2, 2008

Iskandar Malaysia spurs demand for costly homes

JOHOR BARU: Iskandar Malaysia has spurred growing market demand for high-end properties that was virtually non-existent in South Johor previously, said Berinda group sales manager Lim Sung Heng.

Buyers in Johor Baru are now ready to pay for houses priced from RM500,000, he said at the launch of the Park Link Villa II super-link semi-detached houses at Taman Impian Emas recently.

Priced from RM700,000, the 36 units have land size of 50ft by 100ft, an extra wide car porch that easily fits three cars and a spacious walk-in wardrobe in the master bedroom.

“We’ll be launching more high-end houses in Taman Impian Emas and this time around, the price tag will be from RM1mil,” Lim told StarBiz.

The Park Link Villa II precinct is equipped with WiFi, RFID technology, two-tiered gated and guarded security, a 27-hole golf course and a residents' club.

Berinda, a member of the Kuok group, launched Park Link Villa I late last year and received good response for the 40 units priced from RM600,000.

Lim said the latest phase was expected to generate similar response.He said the price of houses in Johor Baru was comparatively lower than in Kuala Lumpur, for instance, a 3,500 sq ft semi-detached house selling for RM700,000 in Johor Baru would cost over RM1mil in Kuala Lumpur.

He said house buyers in Johor Baru were becoming more discerning and demanding unlike previously due to the presence of developers from Kuala Lumpur.

By The Star - StarBiz - (by Zazali Musa)

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