Iskandar Residences is a high-dense development located in the vicinity of Nusajaya, Johor. Developed by Distinctive Resources, this development comes with 2 residential towers as well as retail outlets. Unlike other leasehold residences, this condominium comes with 120 years tenure instead of the typical 99 years. Tower A and Tower B comes with 40 and 29 storey respectively, with 355 and 285 units each. Covering a land area of 6.31 acres, this residence comes with a built-up of 657 sf to 3,411 sf and a launch price of RM700 psf.

 

Iskandar Residences comes with 8 layouts in total, with options of 1 bedroom, 2 bedrooms, 3 bedrooms and 4 bedrooms option. Meanwhile the number of bathrooms varies from 1 bathroom to 4 bathrooms. The penthouse has the biggest unit which exceeds 3,000 sf and above. Also available are facilities such as guard house, mini mart, launderette, cafe, reception / management office, gymnasium, function hall, badminton court, kid’s pool, 35 m infinity pool, 50 m infinity pool, pool deck, Jacuzzi, BBQ area, entertainment terrace, changing rooms, nursery, garden, squash courts, children playground, youth playground and jogging track.

 

Iskandar Residences is only 2 minutes away from Medini Square Mall and office; 3 minutes away from Gleneagles Hospital; 4 minutes from Legoland, Mall Of Medini, Afiniti, D’Pristine, Kota Iskandar and Medini Offices; 5 minutes from Hello Kitty Town and Traders Hotel; 6 minutes from CIQ Port and Educity which has Newcastle University, Southampton University, Reading University, Marlborough College, Raffles American School and MDIS; 7 minutes from Pinewood Studios; 8 minutes from Iskandar Financial District; 10 minutes from SILC, Ascendas and Tech Park; 15 minutes from Singapore; and 20 minutes from Johor Bahru City Centre.

 

Property Details

Name: Iskandar ResidencesAddress: Medini, Nusajaya, Johor Bahru, Johor

Developer: Distinctive Resources

Completion Date: 2016 (estimate)

Type: Condominium

Tenure: Leasehold

No. of Blocks: 2

No. of Storey

• Tower A: 40

• Tower B: 29

No. of Units

• Tower A: 355

• Tower B: 285

Land Area: 6.31 acres

Built-up: 657 – 3,411 sf

Launch Price: RM700 psf

Layouts

• Type A (657 sf) 1 room + 1 bath

• Type B (1,055 sf) 2 rooms + 2 baths

• Type C & C1 (1,249 sf & 1,356 sf) 3 rooms + 2 baths

• Type D (1,765 sf) 4 rooms + 4 baths

• Type E (1,455 sf) 3 rooms + 3 baths

• Type F & F1 (1,561 sf & 1,668 sf) 3 rooms + 4 baths

• Type G (947 sf) 2 rooms + 2 baths

• Penthouse (3,144 sf & 3,411 sf)

Facilities

• Guard house

• Mini mart

• Launderette

• Cafe

• Reception / management office

• Gymnasium

• Function hall

• Badminton court

• Kid’s pool

• 35 m infinity pool

• 50 m infinity pool

• Pool deck

• Jacuzzi

• BBQ area

• Entertainment terrace

• Changing rooms

• Nursery

• Garden

• Squash courts

• Children playground

• Youth playground

• Jogging track

 

Analysis

 

Iskandar Residence is a development of newly formed Distinctive Resources, a firm which has only 2 years’ experiences in the property development industry. This residence is doing well so far as currently all the units in Tower B are fully sold out, meanwhile in Tower A, the 1 bedroom and 2 bedrooms units are sold out. Only limited units are available for 3 bedrooms and 4 bedrooms units.

 

Iskandar Residences would be good for investment as it attracts Singaporeans massively. There are no bumi lots available, whereby all are international units. There are not even RM500,000 limit for foreigners. The developer offers 7% rebate, DIBS, free SPA fees, free 1 year maintenance, as well as absorption of state consent fee for foreign buyers. Besides, it’s close location to Educity will also increase the value higher.