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Investors transforming Johor’s property sector

By: The Star Online | Posted on: July 26, 2018

Investors transforming Johor’s property sector

Investors transforming Johor’s property sector
Johor is an advantageous location for developers and investors alike.

The state received added leverage when it was made the Southern Economic Corridor in 2006.

“The presence of overseas developers has changed the landscape of the Johor property market, as well as the behaviour of local developers and Johoreans,” said Malaysian Institute of Estate Agents (MIEA)-Johor branch chairman Liew Toh Sen.

Previously used to landed property, Johor homebuyers are now opting to live in an apartment complex.

“The prospects make me believe that the Johor property market is in vibrant condition,” added Liew.

State International Trade, Investment and Utilities Committee chairman Jimmy Puah Wee Tse said Johor would continue to attract more investments from China and Singapore as the two countries were the top investors in Johor.

One of the most notable projects that has made an impact to the state’s development was Forest City, a man-made island that spans over 1,386ha.

Building over 9,500 serviced apartments in the period of three years, Forest City developers, Country Danga Bay Sdn Bhd offers Johoreans a different mix of products. Awards: Jewels of Johor is honouring these industry players who have made efforts to diversify Johor’s economy and in the process boost the state’s growth over the years.

The awards is back for its second year after it was launched by Johor ruler Sultan Ibrahim Sultan Iskandar last year.
Noteworthy developers such as Ecoworld Development Sdn Bhd, Gamuda Land, Country Garden Danga Bay Sdn Bhd, i-Park Development Bhd won the Excellence Award for their outstanding projects.

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