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Marina Cove is a mixed development project spanning 37.7-acre of prime freehold land on Johor Bahru’s Tebrau Coast. The distinguished high-end project is targeted at local and international investors and buyers alike. By the time it is completed, tentatively in August 2017, it will comprise various elements like residences, commercial buildings, offices, hotels and retail complexes.
One of the projects within Marina Cove that has been launched is the Wave Serviced Apartment, where a total of 1,465 units are distributed into six 35-storey towers. Designs include 1-bedroom and 1+1-bedroom units (ranging from 526 to 553 sf), 2-bedroom and 2+1-bedroom units (ranging from 793 to 952 sf), as well as 3-bedroom and 3+1-bedroom units (ranging from 1,103 to 1,344 sf).
In addition to a multiple-tier security system and CCTVs covering the entire compound, each Wave residential unit comes with its own built-in intercom system and panic button. In line with the prestigious nature of the Wave, residents have the privilege to enjoy a diverse range of recreation and leisure facilities, such as swimming and spa pools, a half-basketball court, rock climbing wall, badminton court, jogging trail, putting green and a yoga plaza.
Developed by one of Malaysia’s leading property development companies, Marina Cove’s projects have a high potential to be good investments. One of the main factors is the development’s proximity to Singapore, whereby those employed in Singapore can stay in Marina Cove and commute to the neighbouring country for work. The same factor also encourages those living in Singapore to frequent the retail and commercial complexes of Marina Cove.
As Marina Cove is located in the Flagship Zone A of Iskandar Malaysia and central business district of Johor Bahru, it has guaranteed access to top-notch educational, medical, leisure and commercial facilities.
In terms of accessibility, Marina Cove is highly advantageous as it is easily reachable from other parts of Malaysia via the Tebrau Highway, Tun Abdul Razak Highway, and the Johor Bahru Eastern Dispersal Link Expressway (EDL), which in turn connects to the North-South Expressway (NSE). It is also just about 8km from the Woodlands Checkpoint in Singapore.
In the pipeline are several major projects such as the Johor Bahru–Singapore Rapid Transit System (RTS), expected to complete by 2018, and the Kuala Lumpur–Singapore High Speed Rail (HSR), expected to complete by 2022. Once completed, these facilities are likely to contribute to the value of the Marina Cove development.
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Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Marina Cove | Aug 2017 |
RM488,000
-
RM543,000
RM 478 psf - RM 615 psf |
RM1,100 - RM1,100 | NIL | 4.77 % |
Bayu Puteri 2 | 2007 |
RM255,000
-
RM395,000
RM 281 psf - RM 464 psf |
RM1,300 - RM1,300 | NIL | 4.8 % |
Bayu Puteri 3 | 2006 |
RM240,000
-
RM420,000
RM 262 psf - RM 351 psf |
RM1,000 - RM1,000 | NIL | 5.64 % |
Bayu Puteri 1 | 2004 |
RM300,000
-
RM300,000
RM 299 psf - RM 299 psf |
RM1,500 - RM1,500 | NIL | 5.8 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | - | - | - |
1,500 - 2,500 SQ. FT | - | - | - |
2,500 - 4,000 SQ. FT | - | - | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 66,090 |
Loan Amount ( 90 %) | RM 594,810 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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