Singaporeans like landed properties in Iskandar, say developers

  • Business
  • Saturday, 07 Nov 2015

VIP guest: Johor state secretary Datuk Ismail Karim (sixth from left), Johor Rehda organising chairman Simon Heng Kwang Hock (third from left), Hoe (fifth from left) and Johor Rehda deputy chairman Wong Kuen Kong (right) looking at a property model after launching Mapex 2015 yesterday.

JOHOR BARU: Property sales in Iskandar Malaysia have managed to keep its momentum with demand for landed properties and well-planned business parks.

Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling said such properties were especially popular with Singaporeans who were planning to set up businesses in Johor.

“They are looking for business parks that are near the highways and townships because setting up shop here is only about one-third of the cost of operating in Singapore,” Hoe said after the official launch of the second edition of this year’s Malaysia Property Expo (Mapex) yesterday.

She cited factors such as the geographical location, improvement of infrastructure, growing workforce and continuing investments had helped to boost demand for such properties.

“Property sales depend largely on the external factors like quality, concept and good after-sales service.

“Customers take these things into account before considering their investment decisions,” she said.

She added that the job opportunities in Iskandar Malaysia was another factor.

She said there is no denying the overall slow economy but “we are observing a positive property sales trend as the fundamental demand for properties is still there.”

She said that the current economic and political climate may have some short-term impact on the progress of Iskandar Malaysia but this would be mitigated by the economic region’s many inherent advantages.

She said Johor Baru, especially Iskandar Malaysia, did not show a gaping decline in the property sales trend.

The three-day Mapex expo ends tomorrow in City Square shopping mall here. A total of 35 developers and exhibitors are offering 19,000 properties with a combined value of RM18.6bil located in and around Iskandar Malaysia.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , property , Rehda , Iskandar Malaysia


Next In Business News

Exciting deals at Sunway Theme Parks Mega Roadshow
CPO futures likely to trade in yo-yo mode next week
Maybe Apple’s weakness isn’t just supply chain woes
Good news for the global economy
BP, Chubu Power to study CCS project at Nagoya
Short Position: Private equity exits, Managing cyber threats, Don’t kick the can down the road
Bonds surge as traders call time on hikes
Central banks continue fight against inflation
Defining market manipulation
Lee Chun Fai redesignated as IJM CEO and MD

Others Also Read