Iskandar Malaysia beckons

PETALING JAYA: The property market in Iskandar Malaysia, Johor, shows promise underpinned by projects close to the Rapid Transit System (RTS), higher spending power by visitors from Singapore and strong interest from multinational corporations (MNCs).

RHB Research noted the retail, hospitality and real estate players around the city centre are benefiting from the higher consumer spending power of the Singaporeans with a spillover effect likely to be felt further out over time.