Singapore buyers strong in Iskandar

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puteriharborSingaporean buyers make up 74 per cent of non-Malaysians who have purchased properties in Iskandar Malaysia developed by UEM Sunrise.

Most of these Singaporeans are people who go to Johor frequently for business and those seeking a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim.

“They have been buying both landed homes and strata developments. The landed houses are in our East Ledang development and the strata units are at our high-rise developments in Horizon Hills, Puteri Harbour and East Ledang,” he said at a briefing on September 19.

The high numbers of investors flocking to Iskandar has pushed prices up considerably, he added.

With a market capitalisation of about $3.1 billion, UEM Sunrise is one of the largest Malaysian property developers by market value. Formerly known as UEM Land Holdings, the Khazanah-linked firm was rebranded in June to reflect its acquisition of developer Sunrise Berhad.

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Singaporean buyers make up 74 per cent of non-Malaysians who have purchased properties in Iskandar Malaysia developed by UEM Sunrise.

Reading Time: 1 minute

puteriharborSingaporean buyers make up 74 per cent of non-Malaysians who have purchased properties in Iskandar Malaysia developed by UEM Sunrise.

Most of these Singaporeans are people who go to Johor frequently for business and those seeking a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim.

“They have been buying both landed homes and strata developments. The landed houses are in our East Ledang development and the strata units are at our high-rise developments in Horizon Hills, Puteri Harbour and East Ledang,” he said at a briefing on September 19.

The high numbers of investors flocking to Iskandar has pushed prices up considerably, he added.

With a market capitalisation of about $3.1 billion, UEM Sunrise is one of the largest Malaysian property developers by market value. Formerly known as UEM Land Holdings, the Khazanah-linked firm was rebranded in June to reflect its acquisition of developer Sunrise Berhad.

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