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.
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| Puteri Cove Residences |
