Puteri Cove Residences at Puteri Harbour

Puteri Cove Residences was launched for sale to the public and was met with overwhelming response. Big crowds of home buyers flocked to sales galleries located in Singapore Toa Payoh and Puteri Harbour in Nusajaya when Pacific Star and DB2 announced the new property launch .

Highly anticipated by property buyers and industry players, large crowds formed at the Singapore marketing agent ERA headquarters at Toa Payoh in the early morning to queue for the sale via ballot process, which took place in the late morning Saturday.

Puteri Cove Residences by Singapore developers Pacific Star and DB2 has sold 83% of 450 units released to the public within 1 week of its new property launch. The home buyers represented over 20 nationalities from the United States of America, Australia, Britain, Germany, France, Canada, China, Hong Kong, Taiwan, Japan, Korea, India, Indonesia, Malaysia and Singapore. However majority of the home buyers are from Singapore, Malaysia and Indonesia.

To-date, property prices on units offered for sale have been sold at prices ranging from RM1,180 psf to RM1,580 psf. The outstanding results were above the property developer expectations and the property developer credits the winning mix of unique characteristics of the new property launch iskandar project for its popularity amongst property buyers:-

•     Freehold waterfront with private marina
•     Stunning views of sea or marina and Singapore for every apartment
•     Mixed-use project ie. Live, Work, Leisure, Shopping, Entertainment, Dining
•     Luxury finishes and fixtures
•     Prime location and within close proximity to Puteri Harbour International Ferry Terminal
•     Kota Iskandar, Theme Parks and EduCity are within walking distances           
•     No restrictions to foreigner property buyers

Comment on the exceptional property sales results, Glen Chan, Chief Operating Officer, Pacific Star Group and President, Pacific Star Development, “With a winning combination of prime waterfront location and reasonable house prices in Iskandar Malaysia, the strong property sales attests to the attraction and saleability of our iskandar project. We have over 20 nationalities of property buyers in Puteri Cove Residences, which validates our original intent of designing and conceptualizing a luxury mixed-use new housing developments that appeals to a cast of sophisticated and experienced international property buyers. I am confident that Puteri Cove Residences is eminently positioned for capital appreciation because of its international appeal, much like prime property in global cities like London, Hong Kong and Singapore. We are also encouraged by this strong showing of confidence by our home buyers and thus believe our buyers are looking at the long term growth potential in the Iskandar Development Region, particularly when co-operation and collaboration between the governments of Singapore and Malaysia in the Iskandar Development Region are expected to increase in the near future”.

Recently, both Prime Minister of Singapore and Malaysia are discussing about Singapore-Kuala Lumpur High Speed Rail constructions and Rapid Transit System connectivity. This has been translated to firm evidence of closer economic activities and collaboration between both governments. The successful constructions of both connectivity will definitely form the model of Hong Kong-ShenZhen in Singapore-Iskandar Malaysia, spur the drastic economic growth in the Iskandar Development Region supplemented by Johor State government’s investor friendly and attractive incentives policies to investors within Special Economic Zone Iskandar Malaysia.

Puteri Cove Residences