Goldmount seeks more land in Iskandar Malaysia

JOHOR BARU: Goldmount Resources Sdn Bhd plans to look for more land within Iskandar Malaysia for its future property projects in the growth corridor.

Project manager Alex Cheong said the property outlook in Iskandar Malaysia was good as the influx of local and foreign investors would create demand for houses.

He said the presence of more developers from outside Johor, especially the Klang Valley, within Iskandar Malaysia also reflected their confidence in the corridor.

“On that note, we also want to take advantage of the good prospects in the property market within Iskandar Malaysia,’’ he told StarBiz.

Cheong said unlike the Klang Valley, where getting land for property development was becoming tougher, it was not so prevalent in Iskandar Malaysia.

The company was hoping to find land within the Nusajaya area as this was slated as the key growth centre in Iskandar Malaysia, Cheong said.

He added that the value of land and properties within Iskandar Malaysia had also appreciated since the economic growth corridor was launched in November 2006.

Iskandar Malaysia spans 2,216.3 sq km within the southern-most part of Johor covering Johor Baru, Senai-Kulai, Pasir Gudang-Tanjung Langsat and Pontian-Gelang Patah.

Cheong said more high-end properties, including those with a price tag of RM1mil or more per unit which was unheard before, were also launched as buyers in south Johor were ready to pay the price.

He said more buyers were going for gated and guarded properties as security was their main concern.

The Shah Alam-based company is currently undertaking its maiden project €“ Puncak Lagenda at Taman Bukit Mewah €“ in Johor with a gross development value of RM54mil.

Phase one of the project comprises 68 double-storey terrace houses, priced from RM338,000 each, and eight semi-detached houses at RM518,000 each.

Phase two will consist of 31 double-storey shop offices with three different floor designs with a price tag of at least RM488,000 each.

By The Star - StarBiz - (by Zazali Musa)