Tan (ninth from right) with other Rehda committee members during the installation night.
THE demand for properties in Johor is anticipated to rise significantly once the Johor-Singapore Special Economic Zone (JS-SEZ) agreement is finalised in September.
Real Estate and Housing Developers’ Association (Rehda) Johor chairman Lindy Tan (pic) said developers had already observed an upward trend in property interest since the SEZ was announced last year.
“The demand for properties in Johor has not only recovered but is, in fact, higher compared to pre-pandemic times.
“We have been seeing positive growth with a high take-up rate since last year, especially after JS-SEZ was announced.
On her left is Suhailizan.“Malaysia and Singapore are expected to sign the JS-SEZ agreement in September this year, and I believe that it will drive demand further,” she said.
She said this when met during the Rehda Johor installation night at a hotel in Johor Baru.
Also present was Johor Housing Development Corporation’s chief executive officer Datin Paduka Dr Suhailizan Suliman.
Tan was asked if Rehda Johor had seen a significant rise in demand for properties following the development of JS-SEZ.
“For now, a majority of buyers are Malaysians, including those working in Singapore.
“We have yet to see a notable rise in demand from foreigners,” she said.
Earlier in her speech, Tan said Johor was going through a significant era with the development of JS-SEZ with Singapore, as well as the Special Financial Zone (SFZ) in Forest City.
“These initiatives are set to propel our state into a new phase of economic prosperity, fostering unprecedented investment opportunities and job creation,” she said.
She added that Rehda Johor also looked forward to bridging the gap between developers, the government and other key stakeholders.
