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Continue Reading ⋅ 9 July 2021
| Project Name | : Pinnacle Tower, Johor Bahru |
| Address | :Unit 5-01, Level 5, Plaza DNP, No. 59, Jalan Dato Abdullah Tahir, 80250 Johor Bahru, Johor, Malaysia |
| GPS Coordinates | : N 1°27’45.58” E 103°46’14.35” |
| Website | www.mbworld.com.my |
| Developer | : MB Max Sdn Bhd (1049190-A) |
| Developer’s Address |
Unit 5-01, Level 5, Plaza DNP, No. 59, Jalan Dato Abdullah Tahir, 80250 Johor Bahru, Johor |
|
Tel: +607-330 5972 / 5981 / 5976 / Website : www.mbgroup.com.my |
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| Property Type | : Serviced Apartment |
| Land Title | : Commercial |
| Tenure | : Freehold |
| Total Land Area | : 1 acre |
| No. of Towers | : 2 |
| No. of Storeys | : 34 (Residential Units start from Level 8) |
| No. of Units in Total | : 273 |
| No. of Units per Floor | : 9 |
| No. of Lifts per Floor | : 3 lifts |
| Residential Units | : Level 8 − 39 |
| Facility Level | : 7 and 7A |
| Parking Levels | : Level − 6 |
| No. of Car Parking Bays | : 375 + 500 in adjoining DNP Plaza (bought over by SKS Group) |
| No. of Free Car Park Bays | : 1 |
| per Unit regardless of size | |
| Price per Sq.Ft. | : Average range RM700 to RM800 |
| Foreigner’s Levy (paid to government) | : 2% of SPM + lawyer’s fee |
| Maintenance Fee | : RM0.33 per sq.ft. including sinking fund (*free for 2 years) |
| Expected TOP | : December 2017 |
| Listed Price | : From RM1mil. to RM1.9mil |
Unique Selling Points:
- One of the projects of a trusted major developer
- Fully furnished (with choice given to buyer on selection of colour, materials and brand)
- Located within the financial district of Johor Bahru with easy access to shopping, dining, leisure, and financial and business services
- All units main views unblocked whether North or South facing. North facing with by JB city view and South will be riverfront and Singapore Island view.
- Singapore phone reception from the 8th floor upwards.
- Free shuttle service to MRT and Shopping Malls.
- 10-12 minutes walk to JB Central MRT (RTS)
Unit Types and Built Up:
- Type A1: 1115sq ft (2R2B) – smallest unit
- Type B1: 1321sq ft (3+1R2B)
- Type B2: 1336sq ft (3+1R2B)
- Type B3: 1322sq ft (3+1R2B)
- Type B4: 1334sq ft (3+1R2B)
- Type C1: 1336sq ft (3+1R2B)
- Type C2: 1334sq ft (3+1R2B)
- Type C3: 1365sq ft (3+1R2B)
- Type C4: 1427sq ft (3+1R2B)
(Floor Plans differ by way of their location on the floor. See layouts below)
Facilities (7th Floor)
- Infinity Pool
- Pool Deck
- Gym
- Wading Pool
- Cafeteria
- Kitchen
- Party Pad
- BBQ Area
- Recreation Deck Lift
- Relaxation Foyer
- Children’s Playground
- Sun Deck
- Upper Pool
- Lower Pool
- Gazebo
(37th Floor)
- Sky Terrace
Amenities:
- Centrally located in financial district with easy access to KSL City Mall, Leisure Mall, Plaza Pelangi, JB City Square, JB City Centre, Danga Bay, CIQ, Aeon Tebrau City, North-South Expressway, Pasir Gudang Highway, Nusajaya City, Leloland Malaysia, Hello Kitty Town Malaysia, Johor Premium Outlet, Singapore CBD and Singapore Changi Airport
- Within zone of proposed RTS
Project Details
The Sales Gallery is situated at the DNP Plaza, Jalan Dato Abdullah Tahir right in the depths of the Financial District of downtown Johor Bahru City.
The Pinnacle Tower Model in the Main Showroom Lobby
Again, the Pinnacle Tower Model in the Main Showroom Lobby
The showroom unit I was lead into is the Type A1 unit which is 1,115 sq.ft, 2 bedroom and 2 bathrooms.
Floor Plan of Showroom Unit Type A1
And as they say, breathe in luxury in every space, designed to exude living grandeur.
The Type A1 showroom unit is pretty compact but well laid out. Nothing complicated about it and pretty straighfoward aesthetically speaking. From the viewpoint of the buyer, it will however be fully furnished and as previously mentioned, with the allocation of what the Developer will provide in furtniture, if the buyer is not happy with what is given off-hand, then the buyer can easily opt for choosing their own furniture which makes things flexible.
This is an excellent deal when it comes to this high-end luxury serviced apartment. And I believe this is a rarity in most Iskandar regional developments. So far I have not come across such a wonderful deal.
Fully-furnished- that is what it’s all about when it comes to the MB Group. And at the high-end price you’re faced with, it still works out in your favour across the board. Looking at how this showroom unit was decorated, I would like it as it is but it is up to the buyer discretion to choose what they prefer and this makes the whole adventure more exciting, doesn’t it?.
Master Bedroom
Another view of the Type A1 Master Bedroom
All Other Unit Floor Plans
Pinnacle Tower’s interiors are specially crafted with your living comfort and luxury in mind. There are 9 unit types to choose from and browsing the Type A1 showroom unit photographs you will realise how spacious, beautifuly designed, elegantly laid out and aesthetically contoured how luxurious this apartment really is. You look for yourselves and come to your own decision.
The price range mod Pinnacle may look a bit steep at first glance but look a little deeper and you will find that it offers an amazing package which comprises a Furniture Voucher worth RM42,000 to RM48,000. If you choose not to take what is provided by the developer, you can opt to use the same offered amount to purchase your own to your liking. Can you beat that?
Type A1 Hall and Dining area
But as I said, let the pictures bring forth how close you are to within your grasp, a luxurious space of a new kind of living and how luscious these units really are. Remember that every unit available for sale, and this is a rare offer as compared to many other developments in this area and elsewhere throughout Johor Bahru/Iskandar – are fully furnished with all Units enjoy Unblocked views of either the City of Johor Bahru or the Island Republic of Singapore depending on which unit you purchase facing either North or South.
Dining Area and Main Hall looking onto Living Area Type A1
Looking onto the Balcony Type A1
Second Bedroom Type A1
Master Bedroom Bathroom Type A1
Mid Bathroom or 2nd Bathroom Type A1
Kitchen area Type A1
The Yard area Type A1
Facilities
Revel in leisurely extravagance at the Pinnacle Tower. From swimming pools to gymnasium, it redefines your luxurious lifestyle with facilities and amenities to pamper you.
Facilties on Level 7 of the Pinnacle
Facilities & Amenities :
- Pool Deck
- Wading Pool
- Alfresco Theatre
- Leisure Lounge
- Kitchen
- Party Pad
- BBQ Area
- Recreation Deck Lift
- Relaxation Foyer
- Children’s Playground
- Gymnasium
- Sun Deck
- Upper Pool
- Lower Pool
- Infinity Pool
- Interactive Lounge
- Sky Terrace
The Sky Terrace on Level 37
The Infinity Pool on Level 7
Facilities featured in the Pinnacle Brochure
Location
Location Map of Pinnacle, Johor Bahru city centre
Pinnacle Tower nestled in the heart of Johor Bahru City Centre (Flagship Zone A). Pinnacle Tower soars to become an icon of architectural wonder. Set against a beautiful cityscape, the residental tower offers excellent access to the Customs, Immigration and Quarantine (CIQ) complex, the Causeway and common popular destinations, such as places for shopping, dining and entertainment. Nearby with the fast selling projects such as Twin Galaxy. A great opportunity for investor.
Pinnacle Tower is the perfect investment due to its highly-in-demand location and proximity to Singapore. It is in the Johor Bahru’s future CBD based on the latest Master Plan. Moreover, it is within Iskandar Malaysia’s Flagship Zone A where it is an investor-friendly economic region with an upcoming RM$10 billion Medical Hub managed by Singapore’s Thomson Medical Centre. This hub will also feature a mega shopping mall and marina city that includes hotels, residential apartments, waterfront leisure and entertainment facilities, further adding to the vibrancy of the area.
A photo showing where the DNP Plaza is
Arrow points to where the Pinnacle is being built
There will be plenty of Food and Beverage outlets and retail options nearby. With City Square Mall, Pelangi Mall, KSL Mall just a short distance away, you will be spoilt for choice for shopping and amenities.
Another shot where the Pinnacle site is
In the close vicinity, comparable luxurious new projects such as WF Towers, Twin Galaxy and Setia Sky 88 have been marketed for almost double Pinnacle Tower’s psf. With projected price of this area to match current KL prices of RM$2800 psf in the next 5 years, this development is a low risk and high return investment for all.
Impression of what the Pinnacle Tower will look like from the street view
FLAGSHIP (ZONE) A: JOHOR BAHRU CITY
More about where the Pinnacle Tower is located and what it means for you;
The Pinnacle is located in Flagship Zone ‘A’
The city of Johor Bahru is Malaysia’s ‘Southern Gateway’, receiving 60% of foreign tourists who visit Malaysia. It is a major holiday and shopping destination for neighbouring Singaporeans due to the comparatively lower cost of goods and services.
Johor Bahru is the Central Business District and the State Capital of Johor. It is also the main gateway into and out of Singapore (via the Causeway). The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, plastic manufacturing, electrical and electronics (E&E) and food processing.
As of February 2008, land prices in Flagship A range from RM30 to RM150 (US$9 – US$45) per sq ft for residential use, and RM70 to RM280 (US$20 – US$45) per sq ft for commercial use. In the future, a multi-modal terminal will be developed in Flagship A, as well as an MRT/LRT system connecting Johor Bahru City Centre to other areas in Iskandar Malaysia.
Key players in Flagship A include global financial institutions – Citigroup, HSBC and Kuwait Finance House, major manufacturers – YKK, Celestica, Lion Group, Sumitomo and Kerry’s Ingredients as well as local developers – Danga Bay Holdings, Pelangi, Mah Sing and Crescendo.
OVERVIEW
Location
Location diagram of Jalan Dato Abdullah Tahir, JB City Centre
Johor Bahru is located within the central region of Iskandar Malaysia. It is bound by Senai to the north, Nusajaya to the west, Singapore to the south, and Pasir Gudang to the east.
Key Landmarks
Danga Bay
Besides the Causeway connecting Malaysia to Singapore, other key landmarks in Flagship A include Danga Bay, Sultan Ibrahim Building, Istana Besar, Istana Bukit Serene and the City Centre.
Population
Downtown Johor Bahru. Can you see Jalan Dato Abdullah Tahir?
One of Southeast Asia’s most populous urban areas, Johor Bahru is an important industrial, tourist and commercial hub for Southern Peninsular Malaysia. With a population slightly above 1 million in the city, the population growth rate is among the highest in Malaysia.
CIQ Complex
CIQ
The Bangunan Sultan Ibrahim (BSI) is the largest Customs, Immigration and Quarantine Complex in Malaysia ie; CIQ. Located at Bukit Cagar (formerly the site of Lumba Kuda flats, Kampung Bukit Cagar and recreation park), it occupies an area of 232,237 sq m. Comparisons have been made to Kuala Lumpur International Airport, a major entry point into Malaysia, and Singapore Changi Airport, a major entry point into Singapore.
Historical Background
Sultan Ibrahim Building
Johor Bahru was founded in 1855 by Temenggung Daeng Ibrahim, the father of Sultan Abu Bakar, one of the best-remembered Malay Sultans, together with a Chinese businessman, Wong Ah Fook. The town was originally named Tanjung Puteri, and it started out as a small Malay fishing village. Sultan Abu Bakar moved the seat of government from the old capital at Teluk Belanga in Singapore to this city in 1866. He changed the name of the new capital of his kingdom to Johor Bahru.
Connectivity
There are two major highways linking the city centre to the suburbs, with the Tebrau Highway linking the city to the north-east and the Tun Abdul Razak (TAR) Highway/Senai-Skudai Highway linking it to the north-west. The Pasir Gudang Highway and the connecting Johor Bahru Parkway cross Tebrau Highway and TAR Highway about midway, serving as the Middle Ring Road of the metropolitan area.
JB City Centre
City Centre
Given city status in 1994, Johor Bahru is a rapidly growing city. Latest census figures indicate that it is fast becoming Malaysia’s second largest city, with a population of over 1 million. Shopping opportunities abound in Johor Bahru. Modern malls, arcades, handicraft centres, bazaars and markets offering international and local products all vie for attention. Local craftwork is sure to catch the eye and make lovely souvenirs.
The Causeway from JB across to Singapore
The Causeway links the city to Singapore with a six-lane road and a railway line. Additionally, three more highways are being constructed which are the Coastal Highway (Danga Bay-Nusajaya), the Eastern Dispersal Link (JB CIQ-North/South highway) and East-West Link (Permas-Pasir Gudang).
Map showing where Flagship Zone A actually is
60% of foreign tourists who visit Malaysia. It is a major holiday and shopping destination for neighbouring Singaporeans due to the comparatively lower cost of goods and services.
More details of Johor Bahru’s History and facts on the growth of Iskandar, Johor go to this website at: https://en.wikipedia.org/wiki/Johor_Bahru
Analysis
7 Questions to Answer before Making a Decision to Buy
Before putting your life savings into a property investment, ask yourself these few questions to determine whether or not your dream home will appreciate in value or forever lie fallow:
- Does it have an MRT/LRT nearby?
- Does it have Road and Highway access?
- In these days of high-speed technology, does it have telecommunication infrastructure in place ie. Telephone lines, fibre optic/wireless technology for Internet and Wifi?
- Does it have an “exciting” feature to breathe “life” into the township, such as: An international school or university campus with foreign students, a shopping centre, offices, a hospital?
- What is the standing of the developer?
- How near is it to CIQ and Singapore?
- How do you feel about the level of Security?
Comparison
| Name | Location | Tenure / Land Title | Average Price PSF | Maintenance Fee PSF | Approx. Price for Typical Unit |
| Pinnacle | Jalan Dato Abdullah Tahir, JB City |
Freehold | RM700 | 0.33 sen (Free for two years) | RM1 million |
| Tebrau City Residences | Tebrau, Johor Bahru |
Freehold | RM273.47 | 0.14 sen | RM360,000 |
| Sky88 | Jalan Dato Abdullah Tahir, JB City |
Freehold | RM750 | 0.40 sen | RM833,340 |
*Rental Rates:
- Sky Garden Residences, JB: RM1,200 per month (approx.)
- Seri Mutiara Apartments, Masai: RM1,600 per month (approx.)
- General Rental Rates in Zone A, JB: Anywhere between RM2,000 to about RM4,000 per month depending on the Rating of the Development
Photo of some of the Various MB Group Development Projects
ABOUT THE DEVELOPER
MB Group was founded in 1983 and is now a multi-disciplined corporation with core businesses that include property development, construction, paint and coatings, building materials trading, landscape design, interior design, resort & hotels, investment holding, credit financing and MM2H (Malaysia My 2nd Home).
Under the guidance of their Chairman, MB Group stands at the forefront of the construction and development industry. With over 30 years of experience in the industry, they have gained valuable know-how on the development of a wide range of property types that are not only well planned, but incorporated with innovative elements.
They are also notable throughout Malaysia for being a successful “White Knight Developer”, having taken over numerous abandoned projects.
The Group’s commitment is to continuous upgrading and dedication to forging new strategic alliances ensure that we continue to be leaders in the industry and maintain our existing reputation of being one of the best in the field.
MB Group has come a long way since its humble beginnings and currently have a strong standing of over 2000 employees.
Together with their customers’ support and trust, the group continues to strive towards developing premium properties that seek to improve the quality of life for all.
Summary
The Pinnacles is a development of MB Max, a member of MB Group of Companies. This firm has also launched several Johor based projects such as Sky Habitat, Skyline Residence, Tritower Residence, Pandan Residence I, Pandan Residence II and M Condominium.
Even though The Pinnacles is located in Johor, it is mainly targeted at foreigners, Singaporeans specifically. A 10% early bird discount is offered, together with free legal fee, maintenance for 2 years, furnishing, car park, SPA and loan agreement.
Properties in Iskandar Malaysia region are predicted to hike up in the future due to the fact that it is located quite close to Singapore and would be quite affordable for Singaporeans who has a higher currency rate.
Yet prospective buyers of The Pinnacles should also note that, the entire area is currently undergoing massive developments and there are also numerous residences developed in the surrounding.
It will take several years for the development to complete and in the meantime, the residents there can’t seem to avoid the air and noise pollution.
Properties in Iskandar Malaysia is opined to be good for long term investment and if you are willing to “wait-it-out”, things will really show on how developed this Flagship Zone A has become – so be the early bird and get your “New Living Era” homestead as the special packages offered are simply unbeatable and the views absolutely incredible – “ Luxury right in the centre of it All”, only at the Pinnacle.
