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Old 28-09-2013, 09:22 AM
Zhang
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Default A better arbitrage play ?

For those who are interested in arbitrage plays, I've uncovered another one that appears pretty compelling.

For those of you who have explored Iskandar property, you would probably have heard of Paragon Suites.

- Its right next to the Immigration Complex
- Within 500m from the purported MRT site
- Within 500m from Peter Lim's RM10billion medical/retail/commercial/residential hub
- Fully sold at RM800 to 1000 psf
- Highly popular with Singaporeans
- developed by a well known hotel player.
- In the secondary market, prices are going at between RM1.1k to 1.4k psf

Condominium For Sale - paragon [email protected] JB city iskandar, jalan indera putra , johor bahru, Malaysia, Condominium, 2BR, 909sqft, #2574977

For those who are looking for a location arbitrage, I found a place literally 100m away, @ 240 psf. Check out Indera Putera Courts.

Condominium For Sale - Indera Putra Courts, 22 Jalan Indera Putera, 80300 Malaysia, Condominium, 3BR, 2000sqft, #1862315

Its essentially a liquidity arbitrage play. In an efficient market, such arbitrages won't be there.

Considerations such as no rental, forex risk etc are still there. But wow, what a location arbitrage!



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