Johor chokes on property (Update)

The extra property supply would not pose an issue if foreign developers were attracting foreign buyers rather than targeting only domestic buyers.

THE property market in Johor, particularly Iskandar Malaysia, might be a case of too much too soon.

Red flags are showing in the state where launches of projects and high prices are common place but the pace of launches, which now includes “carpet building” by China developers, is flooding the market with more houses than what could be sustainable.