Landed properties and well-planned business parks in Iskandar Malaysia have proven popular among Singaporeans looking to set up businesses in Johor, reported The Star.
“They are looking for business parks that are near the highways and townships because setting up shop here is only about one-third of the cost of operating in Singapore,” said Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling, following the official launch of the second edition of this year’s Malaysia Property Expo (Mapex).
Its geographical location, growing workforce, ongoing investments and infrastructure improvements have also helped to boost demand for the said properties.
“Property sales depend largely on the external factors like quality, concept and good after-sales service,” said Hoe.
“Customers take these things into account before considering their investment decisions.”
Another important factor is the presence of job opportunities in Iskandar, she said.
Despite the overall slow economy, she noted that there was a “positive property sales trend as the fundamental demand for properties is still there.”
While the current political and economic climate may have some short-term effects on Iskandar’s progress, this will be mitigated by the various inherent advantages of the economic region.
In fact, Johor Bahru, particularly Iskandar, has not witnessed a huge decline in the property sales trend, she said.
The three-day expo saw a total of 35 developers and exhibitors showcase 19,000 properties valued at RM18.6 billion from around Iskandar.
Mangalesri Chandrasekaran, Editor at PropertyGuru Malaysia, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
