news

First phase of Austin Duta in Johor Bahru now 60% taken up

Austin Duta, IJN Land, Johor Bahru

JOHOR BAHRU (Nov 7): IJM Land Bhd’s new township project, Austin Duta at Mount Austin here, saw the first phase comprising 2-storey terraced houses achieving a take-up rate of about 60%.

The first phase is a 20-acre gated development with a 1.07-acre park scheduled for completion in Dec 2017.

IJM Land sales and marketing manager for Johor, Patrick Chin, told The Edge Property that the 183 units, priced from RM726,000, were put up for sale in August.

The 5-bedroom, 4-bathroom units measure 24ft by 70ft, and have a built-up area of 2,150 sq ft. A show house will be ready for viewing by next April.

Located next to Seri Austin Hills, Austin Duta is a 250-acre project that will be built in 12 phases. It has a gross development value of RM1.8 billion.

On the state of the property market, Chin said, “Although the market experienced a downturn in the beginning of the year, we have seen buying interest return in the third quarter. Landed property developments in Johor Bahru which are affordable have attracted buyer interest, and Austin Duta is one of them,” said Chin.


 

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Tiong Nam subsidiary buys land from Senai Airport City for RM136m
  2. Revival possibility remains bleak for abandoned malls in JB
  3. Nippon Paint’s Asia Young Designer Awards enters 14th year