Iskandar Residences sells 60 percent of units

26 May 2010 , By Property Report

Malaysia´s premier waterfront property, Iskandar Residences have sold about 60 percent of its units.

The waterfront property is situated in luxury residential area in Danga Bay, Iskandar Malaysia, Johor. The development comprises a 38-storey twin residential towers with 262 units and 261 units in each tower respectively.

“We are focusing on SEA, especially Singapore and the Middle-East markets as the waterfront city living is a trend,” stated Mohd Yusri Hj Kasiron, General Managerfor Iskandar Waterfront Sdn Bhd, regarding the market that the company is targeting at.

He also confirmed that most of the buyers are Singaporeans as they find the prices attractive. Iskandar Residences prices start at RM450 per sq m for the unit.

Alongside Iskandar Residences, Iskandar Waterfront Sdn Bhd is also promoting Oakwood Residences, servicesd apartments of 230 units, that will be managed by Oakwood Worldwide.

The two developments are situated within the 2,000 acres of Iskandar Waterfront Developments area.

Both Iskandar Residences and Oakwood Residences will be completed in 2013.