• Tropicana unveils its first luxurious and branded residence, the Skypark Kepler by Banyan Group in the RM80 billion-ringgit township, 163-acre Lido Waterfront Boulevard.
Someone told me that the salary of RM4,000 is not a lot. In fact if the engineer were to earn S$2,800 in Singapore, that’s already over RM9,000 if converted into RM. Well, this person earning S$ would have to stay in a small room inside Singapore and pay roughly S$900- $1,200. The closer the place is to the MRT station, the higher the rental would be. The person would still have to eat inside Singapore and pay in S$. The person should not do too many things, best would be to go back to his small room right after work and continue doing the same the very next day.
Lido Waterfront Boulevard, Tropicana’s latest crown jewel in Johor hosted a groundbreaking ceremony with its main contractor, China Construction Second Engineering Corp to mark the start of the construction for its first phase branded residence with Banyan Group, the Skypark Kepler.
This trend was one-off and total residential property transactions has breached 120,000 units for H1 2024. Perhaps this is also showing the confidence of the people with a rising ringgit, a lot more positive news about data centers, new FDIs etc. Plus the fact that Bursa Malaysia has also been doing pretty well due to the participation of foreign funds too. If we compare H1 2024 to H1 2022 instead, the increase is lower than 6.1 percent (versus H1 2023) but is still a positive 4.98 percent.
Tropicana inked another data centre land deal in Johor Bahru soon after its recent RM383 million land deal with NTT Data Group on 26 August 2024.
I think this topic will be hot for a while since today is the first day the VEP finally started (yes, it was not implemented for a very long time) and as per reported, there are over 90,000 cars registered for it with even more in the coming days since people will usually only worry about the need for the VEP when they need it. Can people still drive in today if they do not have the VEP then?
This is a popular topic now in Singapore, for those who owns a car and has driven into Malaysia before. Many are saying that they may think twice about driving into Malaysia. Perhaps some may even think thrice? My good friend who came to pick me up from the Changi airport also told me about it just 2 days ago.
Lots of news already have this because it’s a significant news for Johor and of course for investors from across the straits. I do think we need to have continuous news so that everyone can see there’s progress and then we will see a sudden influx. Else, it will slowly trickle in and this may not be the best case scenario. Do refer to the summary as below and a lot of other media articles right after this too.
Tropicana Seals RM383 Million Land Deal With NTT Data Group To Build Data Centre In Johor ● Tropicana Firstwide entered into RM383 million Sale and
The very last time I have ever experienced losing my potential property was way back in 2009. I lost it by 5 seconds. I was at the sales gallery of a property developer. I was choosing my unit. Then, I told the sales person, I would like to take Level 5. The sales person said, let me book for you and that’s when he found out that his team-mate had just booked that unit for someone else a few seconds ago. I was slow by 5 seconds.
Actually, this is not a new news. Yea, no typo or grammatical errors yeah. New news. 🙂 Johor is right next to Singapore. Singapore wants to grow its economy further but without expanding the resources for people who needs a place to stay? Or to expand the economy and thinks the new company will buy a huge office in Singapore or hire the hundreds of talents all from within just Singapore? Get real yeah.
With the Johor – Singapore Special Economic Zone (SEZ) receiving a lot of attention lately, I think the property market attractiveness in Johor should increase. This is especially for Singapore based companies intending to set up their operations within the zone. The people they hire would work in Johor but there may be a lot of travel for the staffs in Singapore into Johor if their major operations plant is in Johor.