When contemplating a condominium investment, it is crucial to also evaluate the potential rental return. Rental return refers to the yearly rental income as a percentage of the condo’s purchase price. In Singapore, rental returns for condos can vary significantly based on factors such as location, property conditions, and market demand. Condos located in areas with high rental demand, such as those near business districts or educational institutions, typically offer a better rental yield. Thorough market research and seeking advice from real estate agents can provide valuable insights into the rental potential of a specific condo. For more information on potential investment options, you can explore Singapore Projects.
Malaysian real estate company UEM Sunrise and Singapore-listed GuocoLand have recently signed a historic memorandum of understanding (MOU) between private companies from Malaysia and Singapore. The MOU, announced on February 27th, marks the first collaboration between the two countries in the Johor-Singapore Special Economic Zone (JS-SEZ).
The agreement will see UEM Sunrise and GuocoLand jointly develop select freehold land in Iskandar Puteri, Johor, with the aim of accelerating growth within the JS-SEZ. The signing ceremony was held in conjunction with the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the company’s vision for the area.
Iskandar Puteri, which makes up Flagship Zone B of the JS-SEZ, is a strategic location for various industries such as manufacturing, business services, education, health, and tourism. With this collaboration, UEM Sunrise and GuocoLand aim to further unlock Iskandar Puteri’s potential and make it a more attractive destination for investment. This will be achieved through improving connectivity, nurturing talent development, and creating a business-friendly environment to drive sustainable economic benefits for Johor.
According to Hafizuddin Sulaiman, the Chief Financial Officer of UEM Sunrise, this partnership goes beyond just development and is about creating a thriving and future-proof economic hub that will bring long-term growth, job opportunities, and strengthen the JS-SEZ ecosystem.
The MOU will cover UEM Sunrise’s selected plots of land in two key master-planned areas within Iskandar Puteri – Gerband Nusajaya and Puteri Harbour. These sites are strategically located near Singapore, Senai Airport, and the Port of Tanjung Pelepas, making them ideal for driving long-term economic growth and positioning Iskandar Puteri as a robust business and investment hub.
Datuk Hisham Hamdan, Chairman of UEM Sunrise, highlighted in his speech that the JS-SEZ, developments in Iskandar Puteri, and strategic partnerships are all part of a bigger vision to establish Johor as a dynamic and progressive economy.
Cheng Hsing Yao, CEO of GuocoLand, also expressed his excitement about the collaboration, stating that the Singapore-listed property group will leverage their expertise in real estate development and asset management, as well as their understanding of the needs of companies from Singapore, Malaysia, and China looking to establish a presence in the JS-SEZ. He added that the combined experience of both companies will enable them to bring innovative developments to Iskandar Puteri and the wider JS-SEZ.
Prior to this collaboration, UEM Sunrise has played a significant role in the urban development of Iskandar Puteri with its existing residential townships, including the Aspira series and Senadi Hill, as well as commercial and retail hubs such as the upcoming 380-acre industrial park in Gerband Nusajaya.
The growth of Iskandar Puteri is expected to be further boosted by incentives and support schemes introduced by the Malaysian and Singaporean governments, which aim to attract more investments to the JS-SEZ. These measures include special tax rates, stamp duty exemptions, and capital allowances.