Wednesday, October 03, 2012

More expats buying up homes in Johor

A growing number of expatriates from Singapore are snapping up homes in Johor, Malaysia, especially properties in Nusajaya which are generally more spacious and affordably priced, according to recent media reports.


Several property agents and developers noted that expats started moving to Johor about five years ago. The recent opening of international schools in the Iskandar Educity precinct and the completion of homes has contributed to a rise in buying interest.  


David Bochsler, Director of Sales and Marketing at Exhale, said that with projects such as Pinewood Studios, Legoland and Marlborough College as well as universities and hospitals completed or about to complete, “there is not the same level of risk associated with investing”.


Some of the popular projects in Nusajaya include Leisure Farm Resort, Horizon Hills and Ledang Heights where prices of bungalows range between RM2 million (S$805,000) and RM7 million (S$3 million) while rentals range between RM8,000 (S$3,200) and RM20,000 (S$ 8,050) a month.


According to Project Manager Geert Hulst, “Malaysia offered an affordable alternative”. His wife added that they were the 10th expat family from Singapore years ago and now more than 100 expat families live in the area.


“We loved Singapore which was why we bought a house here. It's a permanent move and Singapore is on our doorstep. Unfortunately, Singapore became too expensive for us,” said Kirsten Lassale, who now lives in Nusajaya with her family.


View the original article here

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