Congratulations to the developers of Puteri Cove Residences! Pacific Star and DB2, two local property development groups, should feel proud at themselves for selling ~373 of 450 units in only 1 week of its launch to the public! From its opening on April 5th, marketing agents were already shocked and overwhelmed by crushing demands for its units.
Puteri Cove Residences, situated in the new developing Malaysian Iskandar region, is a hot new trend which carries a high demand from many parties. Indeed, its investors have been surprisingly multi-racial and multi-national: 60% of investors and buyers of Puteri Cove Residences property are Singaporeans, but over 20 other nationalities have taken a piece of the pie such as Malaysians and Indonesia. With such wide demand from a vast spectrum of people, it’s no wonder that this is a success!
What makes Puteri Cove Residences such a resounding success? We can think of a couple of reasons.
For one, it offers a unique sea and harbour view that those living in the middle of Singapore’s urban concrete jungle cannot receive. It is technically connected to Singapore with only a 5-10 minutes ferry ride to the CIQP Ferry Terminal, or alternatively through a 10 minutes drive if you do not wish to take public transportation. Therefore it serves as a good home away from home.
It also prides itself on exclusivity. Puteri Cove Residences only has a limited amount of units situated in one of the most sought after places in Malaysia. This is because the Iskandar region is situated to become a burgeoning city area once it has been completed and awaiting a flush of new jobs, business and entertainment. Many people want to get in on the action because as demand rises, so do prices, which may lock them out from what they desire.
We believe that it is not too late to join in the rush. If you are interested in investing in this property, it is time to strike while the iron is still hot, rather than when it has cooled down.
We hope this has been helpful insight into your future plans of property investment. If you’re looking to take advantage of this opportunity, at Condo New Launches we have a wide variety of information on new properties for you to pursue.
