Building Investment (Sep - Oct 2016)
The adage “when the going gets tough, the tough gets going,” aptly applies to property developers these days. While the market is soft, banks are stricter with loans and purchasers are hesitating, the bigger developers are using the lull period to re-organise, re-define their focus and to come out with even more attractive product offerings. The big players in both Malaysia and Singapore continue to be resilient...
The adage “when the going gets tough, the tough gets going,” aptly applies to
property developers these days. While the market is soft, banks are stricter with loans and purchasers are hesitating, the bigger developers are using the lull period to re-organise, re-define their focus and to come out with even more attractive product offerings. The big players in both Malaysia and Singapore continue to be resilient...
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Project Highlight<br />
8scape Residences @ Sutera designed<br />
to attract younger home owners<br />
Developer KIP Group’s new project in Johor Bahru is priced attractively to attract<br />
younger investors looking for their first home in a strategic location.<br />
8SCAPE RESIDENCES @ Sutera is a serviced<br />
apartment project comprising four tower<br />
blocks (1,255 units) built on 8.5 acres of<br />
freehold land. The project is located between<br />
the mature townships of Taman Perling<br />
and Taman Sutera in the bustling city of<br />
Johor Bahru and also within the Iskandar<br />
Malaysia special economic zone. With the<br />
new highways, it is just 10 to 15 minutes’<br />
drive to leisure hotspots like Legoland, Puteri<br />
Harbour, Danga Bay or the city centre.<br />
One of the highlights of the project is the<br />
generous five-acre space set aside for facilities<br />
which include: an infinity pool; 50-metre lap<br />
pool; club house with multi-purpose hall;<br />
yoga room; gymnasium; sauna; cafeteria;<br />
indoor badminton court; tennis court; BBQ<br />
pavilion; putting green; and sky garden.<br />
The developer, KIP Group, will be<br />
absorbing maintenance fees for the first<br />
year and thereafter purchasers will only be<br />
charged a monthly fee of RM0.25 per sq ft.<br />
14 <strong>Building</strong> & <strong>Investment</strong> | www.b-i.biz
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