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.
“Besides Malaysian citizens, we have also noticed that our buyers nowadays include foreigners such as from Singapore and as far as China.
“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 have 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.
StarProperty.my Awards: Jewels of Johor is honoring 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 are back for its second year after it was launched by Johor ruler Sultan Ibrahim Sultan Iskandar last year.