The Star, 30 July 2014 - S'poreans still keen to own homes in Johor

The Star, 30 July 2014

JOHOR BARU: Despite the Government’s plan to impose a Vehicle Entry Permit (VEP) fee for foreign vehicles entering Johor, Singaporeans are still keen on acquiring homes and commercial lots here, R&F Properties sales executive Chan Fook Kee said.

He said the fee announcement did not affect Singaporeans’ demand for properties here.

“The entry fee is still very much affordable for Singaporeans. They are still able to save since house prices here are lower than those across the border,” he said at the Star Property Fair in the Johor Baru City Square shopping complex on Monday. It was the last day of the three-day fair.

Sunsuria Medini Sdn Bhd project consultant Datuk Jacky Ker Cherk Yee said the sales of commercial lots in Medini, just a few minutes drive from Pinewood Studios, were also up. He said about 10% of its buyers were Singaporeans.

“Although most of our customers are locals, many Singaporeans are also very interested in starting up businesses here,” he added.

Rei Properties project consultant Tan Kim Hoong said its newly developed Seri Austin Residence Apartment was a hit among Malaysians and Singaporeans.

“Our apartments are catered for both the local and foreign market. At least 20% to 30% of our customers are Singaporeans,” he said.

Galeri Tropika Sdn Bhd senior sales consultant Darryl Goh Boon Leong said Singaporean homebuyers placed priority on the location of the property.

“We offer service apartments in Genting Highlands, which not many Singaporeans are keen on. But we managed to generate interest from Malaysians planning to own a holiday home,” he said.

Plenitude Tebrau Sdn Bhd senior sales executive William Sia said most Singaporeans who purchased homes in Desa Tebrau showed their interest in getting a place for their retirement.

The fair saw participation from developers Naza TTDI Sdn Bhd, Hatten Group Sdn Bhd, KSL Holdings Bhd, Scientex Skudai Sdn Bhd, Tropicana Corporation Matrix Concepts Holdings Bhd, Encorp Bhd, Tropicana Danga Bay Sdn Bhd and Medini Iskandar Malaysia.