The property is located strategically at the border of Malaysia and Singapore, allowing a breathtaking view of the Johor Strait.
According to Evanne Wan (REN 07352) (010-383 0501) of New Bob Realty Sdn Bhd, who closed the deal, the purchaser is a foreign investor from the UK. He was willing to invest in the property as the location is near the first railway shuttle link (RTS) station that connected Woodlands, Singapore to Johor Bahru, Malaysia.
Overall, she found the deal amiable since the value of the unit was affordable given the rental value at the moment, especially since properties at the Malaysia-Singapore border has been in demand and experiencing a surge in prices.
As of the beginning of December, there were 11 for sale listings for serviced apartments in Tanjung Puteri, Johor on EdgeProp.my with an average asking price of RM406,636 or RM399.84 psf. Meanwhile, there were also five rental listings with an average monthly rent of RM1,800 or RM1.44psf.