Viewpoints Of Iskandar Property Investment
In the past 18 months, we have witnessed a steady stream of good news regarding Iskandar Malaysia and as a whole this has been welcomed by the media, politicians, homeowners and investors on both sides of the Singapore-Malaysia borders.
The most impaction was PM Lee Hsien Loong and PM Najib Razaks announcement in March 2013 that both governments have agreed to build a High Speed Rail linking Singapore and Kuala Lumpur by 2020. This would mean a travel time of only 90 minutes between both cities and would greatly enhance the links between Singapore and Iskandar as well.
Interest in Iskandar here in Singapore has been overwhelming with seminars having full house attendance and properties flying off the shelves as they are sold to eager investors and homeowners looking for a piece of the Iskandar story.
But with so much attention on Iskandar, it is important to understand what is hype and what is real. As investors, you want to know where the actual growth is happening and which spots in Iskandar have the highest chances of success in your investment timeframe. You do not want to get caught in the herd mentality and buy just because others are buying. And this fear is understandable given that many people do not fully understand the Iskandar story and are being taken advantage of by developers and property agents looking to cash in on this buying rush into Iskandar. Malaysians especially those based in the Klang Valley are still unsure what Iskandar Malaysia is and are not clear why are so many others like the Singareans are buying into Iskandar Malaysia.