Property Price Iskandar Malaysia VS Singapore

Many people always ask "what is the reasonable property price for Iskandar Malaysia compared Singapore?"

Below is a simple calculation that will consider some major factors which may affect the property price. We take Singapore as benchmark which all factors are indicated as 1, while IM will be given a relative factor by "benchmarking" to Singapore.

The assumptions of calculation are quite straight forward as indicated in the formula below.

The default values below are my personal inputs, if you think the values are inappropriate, you may key in your own values, the outcomes will provide you a revised calculated property price of IM based on your inputs, then you can judge if the property price at IM is reasonable or unreasonable to you.

Please note, the actual property price is hardly for prediction due to speculation, natural disaster, politic instability, economy performance  and etc, however the calculation below is meant to compare the various "values" or factors from both locations, excluding the unpredictable factors.

For example below, if the Singapore private property price is SGD1200 psf averagely, based on the calculation , IM shall have RM 689 psf in average value.

Have fun!!! Take the outcomes with pinch of salt.



 

Disclaimer: Do not use the outcomes as your investment guides, the demonstration above is just provide a rough comparison between property price in IM and Singapore.

What is your reasonable property price (psf) of IM?

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Population Growth of Iskandar Malaysia

Based on IRDA and CIMB Research, the population of Iskandar Malaysia will reach 3 millions by 2025.

Year	2010	2015	2020	2025
IM Projected Population (mil)	1.60	2.07	2.53	3.00
Average growth (yearly)	93,333
Average member per household	4
Estimated house unit required (yearly)	23,333
Average unit per condo / apartment Project	500
Estimated Condo Projects required (yearly)	47

Based on the rough estimation above, IM needs to build approximate 23,000 house units yearly to fulfill the population growth.

If we translate the number of house unit into the number of condo / apartment to be built, it will be about 47 condo projects are required at yearly basis, assuming each condo project consist 500 units averagely.

Of course, there are a lot of other factors need to be taken into account to forecast the actual demand of house units in IM. At least the estimation above provide you a rough idea of the property demand / supply in IM, so that you may be able to see deeper of the aspects and prospects of IM.

In short terms, the population growth may not be a linear trend as assumed by the population projection, it is expected to be lower than the projected growth, considering IM will have about 100 condo projects being completed in coming years, some areas we may observe oversupply cases.

In long run, the population is expected to catch up with the projected growth, considering growths contributed from tourism, migrations, investments, job creations (for local and foreigners), increase of daily travelers (those who work in Singapore but choose to stay at IM). Subsequently, the demand of house unit will increase significantly in long terms, if the population is able to catch up.

List of Universities in Nusajaya (Iskandar Malaysia)

List of Universities in Nusajaya (Iskandar Malaysia)

List of Major Companies Invested in Iskandar Malaysia

Below is a list of Major Company involve in development of Iskandar Malaysia

Malaysia Companies

• SUNWAY，5211 (双威)
• UEMLAND，5148 (UEM置)
• TEBRAU，1589 (地不佬盛大)
• EKOVEST，8877 (怡克伟士)
• SPSETIA，8664 (实达集团)
• MAHSING，8583 (马星集团)
• IJMLAND，5215 (IJM置地)
• DIJAYA
• BRUNSFIELD
• KIMLUN
• GMUTUAL，9962 （互泰)
• IGB,1597  (怡保花園)
• Iskandar Waterfront Holdings, IWH (伊斯干達海濱控股) 
• Genting Plantations, 2291 (雲頂種植 )
• E&O，3417 (東方)
• KSL，5038 (順利實業)
• CRESNDO，6718 (吉星機構)
• MULPHA，3905 (馬化國際)
• DIJACOR，5401 (成隆機構)

Singapore Companies

• CapitaLand
• Ascendas Land
• Temasek
• Mapletree

Other Country Companies

• Country Garden （碧桂園）- China
• Walker Corp - Australia (Master Developer of Senibong Cove)

The Tables above are extracted from CIMB Report.

Iskandar - Malaysia's Shenzhen

Angry Birds theme park to open at JBCC by May 2014

First Published: 8:31pm, Jun 04, 2013

Last Updated: 8:31pm, Jun 04, 2013

by Bernama

JOHOR BARU (June 4): Damansara Assets Sdn Bhd, a subsidiary of Johor Corporation (JCorp), will open the Angry Birds Theme Park at Johor Baharu City Centre (JBCC) by May next year.

 

JCorp President and Chief Executive Datuk Kamaruzzaman Abu Kassim said the development of the theme park, the first in Southeast Asia, is on a joint venture with the founder of the Angry Birds game, Rovio Entertainment Ltd, which is based in Finland.

 

"The indoor theme park covering 26,000 sq ft will be located on the third floor of JBCC, formerly known as Kompleks Tun Abdul Razak (Komtar)," he said to reporters after witnessing the signing of a memorandum of understanding (MoU) between Damansara Assets and Rovio Entertainment here today.

 

Damansara Assets was represented by its Executive Director, Yusaini Sidek while Rovio Entertainment was represented its Chief Operating Officer, Harri Koponen.

 

Kamaruzzaman said the opening of the theme park goes well with the shopping mall that is being developed at JBCC and JCorp was proud of Rovio Entertainment's agreement to develop the theme park.

 

"The Angry Birds characters introduced in Finland are now well-known by all age groups worldwide. This is suitable for JBCC which is patronised by various customers, both local and foreign," he said.

 

On JBCC, he said the RM500 million development comprised a shopping mall, two multi-storey buildings namely Menara Komtar, which is being renovated and a new building, Menara Johor Land, and a four-star hotel.

 

Following this, Komtar will return as the iconic landmark in Johor Baru city, thus becoming a shopping haven, entertainment and lifestyle centre.

 

He said several parties including Metrojaya, Royal Selangor Pewter and Tony Roma's restaurant had agreed to operate there.

 

Meanwhile, Koponen said there are four Angry Birds theme park in operations in Finland and Rovio Entertainment was happy to be involved in the development in Johor Baru.

 

He said details on the design of the theme park would be announced soon which will cover activity area, souvenirs and rooms for events.

Read more: http://fz.com/content/angry-birds-theme-park-open-jbcc-may-2014#ixzz2VInpMPXY

Useful Website Links In Johor Bahru / Iskandar

Click Here - Useful Website Links In Johor Bahru / Iskandar