Eco Spring, Austin
Eco Spring (also known as EcoSpring) is a freehold mixed housing estate located in Austin, Johor Bahru. It comprises Bradford Residences, Chester Residences, Dover Residences, Eco Palladium and Kent Residences. There are 460 houses available at this project with built-up from 2,360 sf to 3,680 sf for houses and 1,539 sf for shop-offices. It was developed by Eco World Development Bhd (fka Focal Aims) with a launch price at about RM440 psf for houses, and was completed in around 2017.
Eco World Development Bhd (fka Focal Aims) is a gigantic property developer listed on Bursa Malaysia, and it has built about 81 property projects in Malaysia. Other similar projects by the same developer are Eco Summer, Eco Tropics, Mangga and Rambai.
This mixed housing estate is not very ideal for own stay or investment, as it has no amenities around.
The current market prices for Eco Spring are from RM1,160,000 to RM1,730,000 (about RM490 psf) for houses; while the monthly rentals are from RM2,900 to RM5,500 (about RM1.27 psf) for houses and RM7,000 (about RM4.55 psf) for shop-offices. The highest median price psf ever recorded was RM506 psf in Q1 2018 (House); while the lowest one was RM440 psf in Q1 2015 (House).
The current rental yield of Eco Spring is 3.11% for houses. The highest rental yield ever recorded was 4.07% in Q3 2018 (House); while the lowest one was 3.11% in Q2 2019 (House). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Eco Spring for houses is 4-bedroom / 2,360 sf with a median price of RM490 psf. For price wise, the most expensive one is 4-bedroom / 2,860 sf with a median price of RM490 psf; while the cheapest one is 4-bedroom / 3,680 sf with a median price of RM470 psf.
Lastly, the most popular layout and size combination at Eco Spring for shop-offices is 1,539 sf with a median rental of RM4.55 psf. For rental wise, the most expensive one is 1,539 sf with a median rental of RM4.55 psf; while the cheapest one is 1,539 sf with a median rental of RM4.55 psf.
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