- A bright spot is Senibong Cove that continues to attract dwellers. Its row of fine-dining eateries remains popular.
- Marked increase in the number of distressed sales ‘lelong sales’. We expect distress sales to increase following the 1st October end of the moratorium period.
- The WaterEdge at Senibong Cove saw a growing community of Japanese expats. By contrast, Korean expats with families appear to favour Iskandar Sunway at Medini.
- Demand for properties in this area remains challenging as none of the properties is within walking distance to the Permas Jaya hub, the junction of Aeon/McDonald. This junction is the hotspot in this area.
- All eyes are now on the Iskandar Waterfront City development which can potentially transform this area.
Tebrau Coast Property Price: Aug 2020
- The median price was RM494,520.
- Measured in price per square foot, it was RM491psf.
Annual Price Change: Aug 2019 to Aug 2020
- Tebrau Coast prices increased by an average of 28.5 percent.
- Midas Seri Alam was the only property which recorded a price increase of 15 percent.
- D’Carlton Seaview Residence and Green Haven recorded a price drop of over 30 percent.
- Prices for Marina View, Sovereign Bay and Parc Residence remained unchanged.
6-month Price Change: Feb 2020 to Aug 2020
- Tebrau Coast prices increased by an average of 6.6 percent.
- The largest price increase was recorded for Midas Seri Alam at 15 percent.
- The biggest price decrease was recorded for D’Carlton Seaview Residence, almost 50 percent.
Top and Bottom Prices
- The costliest properties were Marina View and Elita at above RM1 million.
- The least costly properties were D’Carlton Seaview Residence at below RM225,000.
- Property with the highest psf is Marina View.
- Properties below RM400psf are D Ambience, Impian Senibong and D’Carlton Seaview Residence.