Exim's First Project in Johor Bahru: A Review of Esteras
Exim is launching its first project in Johor Bahru, a mixed development called Esteras in Kebun Teh. This article provides an overview of Esteras, including its location, amenities, unit types, and the surrounding area.
Location and Accessibility
The Esteras site is located along Jalan Abbat and Jalan Kebun Teh, less than 2 kilometers from KSL City Mall and Plaza Pelangi.
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Convenience stores like KK Mart and Family Mart, as well as F&B restaurants, are easily accessible from Esteras.
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CNB Bank and Affin Bank are located opposite Esteras, within 5 kilometers.
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Healthcare centers, such as Putra Specialist Hospital and KPJ Hospital, are nearby.
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Monash University and City University Malaysia are also in close proximity.
Project Details
The Esteras project is a 44-story building consisting of 848 units.
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The land size is 2.43 acres.
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It's a commercial project under the Housing Development Act (HDA).
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Target completion is in 2029.
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The maintenance fee is 51 cents per square foot, including the sinking fund.
Structure and Facilities
The building's structure and facilities include:
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Ground Floor: Five retail units and a tadika/nursery.
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Levels 1-9: Car park with 1,150 lots.
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Levels 10-12: 12-14 units per floor.
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Levels 13-42: 25-27 units per floor.
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Four lifts serving each floor.
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Levels 10 & 11 (Podium): A wide range of facilities, including a co-working space, swimming pool, gym, basketball court, reading room, multi-purpose hall, and barbecue area.
About the Developer: Exim
Exim started as a timber business in 2002 and ventured into the property business in 2009. They have over 15 years of experience, primarily focused in Klang Valley. Exim has completed over 25 projects and received awards for landscaping, facade design, and workmanship.
Convenience and Transportation
Esteras offers excellent convenience:
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Shuttle Bus Service: Exim provides an in-house shuttle bus service from the residence to the future Rapid Transit System (RTS) station.
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RTS Link: The RTS Link will connect to the JB CIQ checkpoint.
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Two RTS stations are being built: one in Johor Bahru and one connecting to Woodlands North Station in Singapore.
Unit Types and Features
Esteras offers two types of layouts:
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Two Rooms, One Bath: 560 sq ft, comes with one car park lot.
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Three Rooms, Two Bath: 915 sq ft, available with or without a balcony.
All rooms come with windows.
Two Rooms, One Bath (Type A - 560 sq ft)
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Comes with a digital lock.
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Includes a yard and kitchen area (kitchen cabinet not yet installed).
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Spacious living area.
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Fully fitted bathroom.
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Complimentary one car park lot.
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Starting price is from RM 400,000 with monthly installments starting from RM 1,950.
Three Rooms, Two Bath (915 sq ft)
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Kitchen area with proposed design for cabinet top and bottom, cooker hood, and hob (not yet installed).
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Includes a 2-in-1 washer and dryer, and fridge.
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Spacious living and dining areas.
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Living room includes complimentary air conditioning.
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Master bedroom with attached bathroom, fitting a queen or king-size bed.
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Common bathroom fully fitted with water heater and accessories.
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Second bedroom can fit a queen bed.
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Third bedroom can be used as a study or store room and can fit a single bed.
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Monthly installments starting from RM 2,800.
Target Audience
Esteras is suitable for:
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Johor Bahru and Singaporean frequent travelers.
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Workers planning to get a holiday home, retirement property, or own stay.
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First-time home buyers.
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Those with educational pursuits in Johor Bahru.
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Foreigners are eligible to purchase if the sales purchase agreement price is a minimum of RM 600,000.
Pros and Cons
Pros:
- Entry Price: A relatively low entry price for a property located only 2-3 kilometers from the CIQ, making it accessible for first-time buyers.
Cons:
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Leasehold: The property is leasehold.
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Symmetry Nearby: Proximity to the Semmetry.
Rapid Transit System (RTS) Link
The Johor Bahru-Singapore Rapid Transit System (RTS) Link is an international cross-border railway connecting Johor Bahru to Woodlands, Singapore.
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The total distance is 4 kilometers, from Woodlands North Station in Singapore to Bukit Chagar Station in Johor Bahru.
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It interchanges with the Singapore Thomson-East Coast MRT line.
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Target completion is December 2026, with progress at 90%.
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Capacity of 10,000 passengers per hour per direction.
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Expected to ease congestion on the Causeway.
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Exim's shuttle bus service will transport residents to the RTS Link.
The RTS link is expected to unlock future property price appreciation in Southern Johor.