There is strong potential for a property development boom in Pengerang, Johor in two years, if plans to turn the area into a major oil and gas hub progresses well, according to property consultants.
They say rental rates and real estate prices in Pengerang have increased substantially in the past 12 months, following announcements about infrastructure developments by Petroliam Nasional Bhd (Petronas) and oil and gas multi-discipline technical service provider Dialog Group Bhd
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