Lowering property prices in Iskandar

Overseas property investment has never been easy, but for those with insight and who keep a close eye on the ebb and flow of the property market in specific cities, it may pay off in the long run.

In the Iskandar region for example, there is said to be an imminent price war as Chinese developers aggressively purchase and develop land banks in the Iskandar regions. The most recent bid was by Shanghai’s Greenland Group who bought a 52 hectare waterfront are in Tebrau Bay.

PuteriCoverIskandarMost Malaysian developers are now holding back on their launches in order not to be cannibalised by launches helmed by these Chinese companies. Especially since these Chinese firms themselves are already offering discounts of up to 15 per cent. Property analysts have taken these to signify a possible supply glut in the region. But does this mean it could be the best time to invest, depending on the outlook of the specific region, district and development? How can you best get the most out of your investment buck?

Property seminars and talks are some of the best ways to get started and of course, keeping track of global economics and country-specific policy shifts would only help in making a determined decision. The ability to withstand temporary setbacks in wait of a bigger pot of gold in the long term would no doubt be useful as well.