Iskandar property prices surge on Singapore interest

iskandar mapSingapore real estate buyers, driven by rising prices in Singapore, are increasingly looking into property in Iskandar Malaysia, the main southern development corridor in Johor close to the city state’s border.

Real estate agents say that prices have already reaches highs at as much as RM500,000 over bank valuations. Buyers are speculating on further appreciations after the planned intercity rail link between Iskandar and Singapore as well as a the high-speed rail between Kuala Lumpur Singapore will stop at the Johor economic hub.

Iskandar’s rise is driven by top-notch developments by property giants such as CapitaLand and Temasek Holding, and latest projects such as Motorsports City and the Medini mixed development.

Owners are reportedly selling their iskandar properties at hefty premiums, with asking prices far above bank valuations, raising fears that Malaysian buyers are getting squeezed out by wealthier Singaporean investors.

Iskandar Malaysia has so far attracted over $1.87 billion from Singapore firms.

The entire development is split in “flagship zones”, which comprise Johor Bahru City Center, including a new financial district, a new Johor state administrative centre,a tourism resort, a medical hub, and industrial cluster, a new port, an airport and a technology hub.



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Singapore real estate buyers, driven by rising prices in Singapore, are increasingly looking into property in Iskandar Malaysia, the main southern development corridor in Johor close to the city state's border. Real estate agents say that prices have already reaches highs at as much as RM500,000 over bank valuations. Buyers are speculating on further appreciations after the planned intercity rail link between Iskandar and Singapore as well as a the high-speed rail between Kuala Lumpur Singapore will stop at the Johor economic hub. Iskandar's rise is driven by top-notch developments by property giants such as CapitaLand and Temasek Holding, and...

iskandar mapSingapore real estate buyers, driven by rising prices in Singapore, are increasingly looking into property in Iskandar Malaysia, the main southern development corridor in Johor close to the city state’s border.

Real estate agents say that prices have already reaches highs at as much as RM500,000 over bank valuations. Buyers are speculating on further appreciations after the planned intercity rail link between Iskandar and Singapore as well as a the high-speed rail between Kuala Lumpur Singapore will stop at the Johor economic hub.

Iskandar’s rise is driven by top-notch developments by property giants such as CapitaLand and Temasek Holding, and latest projects such as Motorsports City and the Medini mixed development.

Owners are reportedly selling their iskandar properties at hefty premiums, with asking prices far above bank valuations, raising fears that Malaysian buyers are getting squeezed out by wealthier Singaporean investors.

Iskandar Malaysia has so far attracted over $1.87 billion from Singapore firms.

The entire development is split in “flagship zones”, which comprise Johor Bahru City Center, including a new financial district, a new Johor state administrative centre,a tourism resort, a medical hub, and industrial cluster, a new port, an airport and a technology hub.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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