With the reopening of borders and positive signals from both the state and federal governments, Iskandar Malaysia is poised to pick up where it left off. CNA looks at how the property sector, transport infrastructure and foreign investments are key to this effort.
Sulaiman Saheh, director of research at property consultancy firm Rahim & Co, told CNA that based on his company’s research, there has been a “recent positive trend” in Johor’s property market.
“Comparing the first nine months of 2021 and the first nine months of 2022, the number of all sector property transactions grew by 39.8 per cent,” said Mr Sulaiman.
He attributed this to the pent-up demand and increased confidence from buyers after the borders had reopened.
However, he noted that the market was still cautious, especially with regard to developments by Chinese companies like Country Garden.