Iskandar properties: Hitting the doldrums?

The Iskandar development corridor has had a massive impact on Johor in terms of direct foreign investments in several industries including property development, education, leisure, hospitality, logistics, manufacturing, petrochemical and a host of other activities.

The development work has been furious since 2006.

For awhile, since the first bulldozers came in to clear the land for development in the Iskandar property prices have shot up, even in Johor Bahru town itself which has seen depressed prices.

This buoys those looking at properties as instruments of personal investments.

But the Iskandar development isn't without criticism, chief of which is that citizens of Malaysia's southern neighbour have gained more than Malaysians themselves. And this is because of the value of the Ringgit against the Singapore Dollar. A 500,000 Ringgit property is a mere 190,000 Singapore Dollars.

Video by: Shufiyan Shukur

Note: The interviews were carried out in December 2013. Any reference to 'next year' means 2014.


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