- Tháng Sáu 16, 2023
- Posted by: webmaster
- Category: Uncategorized
R&F Princess Cove come out again as a popular project for those looking to rent, given its strategic location near the Johor Causeway, which makes it an attractive option for both Singaporeans and Malaysians seeking properties outside of Singapore’s expensive real estate market. Other popular developments among renters were located in Kuala Lumpur and Selangor, reflecting the recovery of the Malaysian economy and the availability of job opportunities in the city centre.
Also, Johor emerged as one of the most popular areas of interest for property investments, with the top four most viewed projects located in that state. This is likely attributed to the rising rents and prices in neighboring Singapore.
R&F Princess Cove, a luxury serviced apartment with 3,224 units in Tanjung Puteri, developed by R&F Development Sdn.Bhd stands out as most viewed project in Malaysia. Tri Tower Residence, developed by SKS Group, was the second most viewed project, and both projects share the common feature of being located near train stations.
The “dual-city lifestyle” between Malaysia and Singapore has led to strong demand for real estate in Johor Bahru. Due to rising rental prices in Singapore, there is a notable contrast in rental rates just across the bridge. Situated in the core business district of Johor Bahru, R&F Princess Cove is poised to witness another surge in property prices upon the commencement of the RTS operation. The connectivity will also bring economic benefit to both cities.
Source: PropertyGuru Malaysia Property Market Report Q2 2023