Exploring Real Estate and Commuting Between Johor Bahru and Singapore
This article explores the potential of living in Johor Bahru (JB), Malaysia, and commuting to work in Singapore. It examines a specific property, Princess Fuli, its amenities, and the feasibility of daily commutes considering current and future transportation options.
Location and Proximity to Singapore
The property is located very close to Singapore, with a bridge connecting the two. The distance across the bridge is approximately one kilometer, easily walkable in 10-12 minutes to the RTS (Rapid Transit System) station. The location offers views of Singapore, including key landmarks.
Property Details and Amenities
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Housing Density: The area has high-density housing due to limited land availability.
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Hotel Development: A hotel is planned near the property, with unit prices potentially reaching RM1 million.
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Pricing and Investment: Existing units are priced lower due to earlier development limits (around RM500,000 in 2010). Some first-hand, second-hand units are selling for over RM800,000.
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Unit Size: The smallest room available is 471 square meters.
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Facilities: The property features a swimming pool, gym, and potentially a yoga room and table tennis. These facilities are available to residents of all buildings within the complex.
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Room Layouts: Standard rooms are available, with options for two-room configurations and balconies with sea views. Some units offer unobstructed views of Singapore.
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Parking: Car parking is available, potentially spread across multiple floors.
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Commercial Space: The first and second floors contain a mall, although many stores are currently vacant. Entry rate to the 1st floor appears very high.
Rental Yield and Investment Potential
Studio apartments are available for around RM680,000, with potential rental income of RM2,600 per month, translating to a rental yield of approximately 4.5%. The cost of the studio is significantly lower than larger units. The investment risk is considered relatively low due to the building's established nature and high occupancy rate.
Commuting to Singapore
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Walking: Walking to the RTS station takes approximately 10-12 minutes.
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RTS (Future): The RTS, expected to be operational by the end of 2026, promises a six-minute commute to Singapore, making it an attractive option for those working there. The RTS will connect to Singapore's subway system.
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Current Road Traffic: Driving to Singapore can involve significant traffic congestion. A trip on a Sunday afternoon took approximately 15 minutes just to exit Malaysia.
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Border Crossing: Malaysian customs do not require passengers to get out of the car to cross the border.
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Cost Comparison: It is noted that prices for goods, such as food, can be substantially cheaper in Malaysia than in Singapore. The potential savings are considerable.
Feasibility of Living in Johor Bahru and Working in Singapore
The possibility of living in JB and working in Singapore is presented as a viable option, especially with the future RTS connection. It's compared to living in Shenzhen and working in Hong Kong. Factors to consider are visa requirements for Singaporeans living in Malaysia, and the daily commute. The covered walkway to CIQ makes it more convenient to walk between Johor Bahru and Singapore, rain or shine.
Observations and Considerations
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COVID-19 Impact: The COVID-19 pandemic has impacted the occupancy and commercial activity in the area.
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Building Design: Buildings are connected, providing covered walkways and access to facilities.
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Retail Space: The retail space is sparsely populated at this time.
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Building Sales: Only the last building is currently being sold.
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