KUALA LUMPUR: Iskandar Waterfront, tasked with developing a Malaysian city to rival neighbouring Singapore, has postponed a $300 million IPO on concerns that measures to rein in property prices would slow demand from well-heeled foreigners, two sources told Reuters.
Iskandar Waterfront, part-owned by the Malaysian government in the southern Johor state, is raising funds to develop a waterfront that faces Singapore and comes complete with upscale apartments, malls and a marina.
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