Highlights

  • 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.

We are constantly updating this area’s DEMAND and SUPPLY, location review in HOTSPOT, and future PRICES in our FORECAST section