By Farah Wahida:
A property consultant expects Johor Bahru and by extension, Iskandar to be the hottest place to invest in Malaysia from 2013.
With prices at its highest level, Gavin Tee, an international property consultant and speaker, sees 2013 as the start of a property super cycle for Johor Bahru.
“Prices there will go all the way to the top, in fact to its highest ever level in history making JB the hottest property market in Malaysia.”
“JB will then be the whole nation’s focus and its property will remain prime property for years after that.”
Tee believes that the completion of catalytic projects such as Educity and LEGOLAND including the upcoming completion of Pinewood Studios in 2013, would lure in more people to Iskandar Malaysia in Johor.
“As the capital city of Johor, Johor Bahru would reap the most benefit from the boom in Iskandar, and this is enhanced by its multibillion ringgit city transformation plans.”
“JB and by extension, Iskandar will then emerge as the hottest place in Malaysia to invest in from 2013.”
In acknowledging this, Singaporeans, who comprise the largest single foreign investor in Iskandar, have shifted their investments into Iskandar.
Tee, who is also the Founder and President of SwhengTee Real Estate Investment Club, further noted that Iskandar, together with Cyberjaya and Greater KL are also successful models of Special Economic Zones (SEZ).
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email email@example.com