Introduction To The Astaka At Iskandar Malaysia
The Astaka in Iskandar Malaysia is the ultra luxurious private condominium to be launched in Johor Bahru to date. It is made up of two residential towers of 64 and 70 storeys each. Standing at 301 meters tall, all the condo units will enjoy unparalleled seaview and also that of Singapore island. Besides residential units, The Astaka will also have commercial and retail space that will consolidate the project’s position as the financial centre in the heart of Johor Bahru.
The Astaka is strategically within walking distance to the Johor Customs and causeway to Singapore. Singaporeans and foreigners are showing keen interest in investing in The Astaka as it has been compared to luxury condos in Orchard Road Singapore. With such attractive prices, there is tremendous potential for capital appreciation for The Astaka.
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Is The Astaka Johor Bahru Worth Buying?
The Astaka is located in Zone A of the Iskandar Malaysia national roadmap. It is slated to be the future commercial and financial hub of the Iskandar region. This is the central business district of Johor which is the equivalent to Marina Bay in Singapore. The grade A office space offered by The Astaka ensures solid rental and capital yield for the property. Zone A Iskandar is also where the future Thomson Medical Centre will be situated, this is backed by prominent Singapore billionaire investor Peter Lim.
The Astaka at Bukit Senyum is also where the future Rapid Transit System between Singapore and Johor Bahru will be. Singapore will be even nearer and faster to reach from Johor Bahru. For residents who work in Singapore, this efficient commuting system is definitely a big draw to buy The Astaka.
For Singaporeans who have been priced out of the local property market, the new condos in Iskandar region is the next best place to invest in real estate. Not only is the overall price lower, the potential for high investment returns is also very high with the support of both governments and prominent investors and institutions. The Astaka is also a freehold development which means you can hold the property in the centre of Johor for as long as you want.
10 Reasons Why You Should Buy Astaka?
1) Located in the city centre of Johor Bahru – Future Financial/CBD hub.equivalent to Marina Bay in Singapore.
Investments In Iskandar Malaysia Heats Up
In the past year, investment in Iskandar Malaysia has shot up with the Singapore government linked companies leading the way. Ascendas Land is involved in a $1.5 billion joint venture with Malaysia’s UEM land to develop an eco friendly tech park in Nusajaya.
CapitaLand and Temasek will also be partnering Iskandar Waterfront holdings to develop the Danga Bay area into a marina community with waterfront homes, offices and retail facilities. Recently, CapitaLand has also launched a new condo Sky Vue in Bishan that is targeted at home buyers in Singapore with limited budget.
There are also other advantages in putting your money in Iskandar Malaysia. The Malaysian Ringgit is lower than the Singapore dollars and it makes it more affordable for Singaporeans across the causeway. There is also an increasing trend of people who live in Iskandar but work in Singapore. This is due to the low cost of living offered in Johor. Therefore, you should capitalize on this trend and be an early investor in Iskandar with The Astaka.