700,000 houses needed in Iskandar Malaysia till 2025


CEO of IRDA Datuk Ismail Ibrahim (centre) posing for a group photograph after signing an MOU with four new data sharing partners: DG of Valuation and Property Services Department (JPPH), Nordin Daharom (second from right), executive director of Nextdor Property Communications, Imran Clyde (second from left), GM of iProperty.com.my, David Mawer (right) and CEO of REI Group, Daniele Gambero (left) at Amari Hotel, Johor Bahru yesterday. - Bernama

JOHOR BARU: Iskandar Malaysia needs to have between 600,000 and 700,000 units of residential properties from now until 2025 to cater for a boom in population.

Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said when the country’s first economic corridor was launched on Nov 4, 2006, the population in Iskandar Malaysia was about 1.49 million people.

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