{"id":37426,"date":"2016-12-08T13:38:26","date_gmt":"2016-12-08T06:38:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/iskandar-malaysia-is-not-oversupplied-says-johor-prince\/"},"modified":"2016-12-08T13:42:32","modified_gmt":"2016-12-08T06:42:32","slug":"iskandar-malaysia-is-not-oversupplied-says-johor-prince","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/iskandar-malaysia-is-not-oversupplied-says-johor-prince\/","title":{"rendered":"Iskandar Malaysia is not oversupplied, says Johor prince"},"content":{"rendered":"


\nJust wait and see how the growth corridor will look like in 9 years
\nFloat parade in Danga Bay, the largest recreational park in Johor, Malaysia. tristan tan \/ Shutterstock.com
\nJohor Crown Prince Tunku Ismail Ibrahim downplayed speculation that Iskandar Malaysia, the expansive economic growth corridor near the Singaporean border, is fumbling towards oversupply due to overenthusiastic foreign residential developers.
\nThe monarch, who said he has been following the development of Iskandar Malaysia since 2006, said that a population boom will catalyse demand in the area well into the next decade.
\n\u201cWith a population of 1.7 million that is expected to increase to three million in 2025, we need 666,000 houses, so it is not true that there is an oversupply of 410,000 houses,\u201d he said on the sidelines of a launch party for Fastrackcity at Pinewood Iskandar Malaysia Studios in Iskandar Puteri.
\nMore: Will oversupply impact the Iskandar Malaysia residential market?
\nThe prince\u2019s speech allays fears that developers in Iskandar Malaysia are building beyond their capacity to lure buyers and occupants. The rapid rise of Chinese developments in particular \u201cscares the hell out of everybody,\u201d Bloomberg reported last month.
\nMore than 350,000 private homes are in the pipeline for Johor state where Iskandar Malaysia is located, according to Bloomberg, citing data from the National Property Information Centre.
\nTunku Ismail urges focus on Iskandar Malaysia to be directed to areas such as local skills enhancement for job creation and increasing transit options to Singapore. \u201cWe need to not only beef up security, but also the perception of a safe city,\u201d he said.
\nRead next: 10 reasons why you should invest in Iskandar Malaysia
\n
\nSource : property-report.com
\nRead more…Iskandar Malaysia is not oversupplied, says Johor prince<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Just wait and see how the growth corridor will look like in 9 years Float...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37426","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9JE","jetpack-related-posts":[{"id":41254,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-values-in-iskandar-malaysia-to-stabilise-this-year\/","url_meta":{"origin":37426,"position":0},"title":"Landed home values in Iskandar Malaysia to stabilise this year","date":"January 20, 2017","format":false,"excerpt":"\r Is the worst over? Iskandar Malaysia covers Johor Bahru, one of the biggest cities in Malaysia. AhXiong\/Shutterstock Landed residences could offer a sliver of hope to the embattled property market in Iskandar Malaysia, the vast economic growth corridor in the state of Johor with thousands of condominiums under development.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36220,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-usd100-billion-city-near-singapore-scares-the-hell-out-of-everybody\/","url_meta":{"origin":37426,"position":1},"title":"This USD100 billion city near Singapore \u201cscares the hell out of everybody\u201d","date":"November 28, 2016","format":false,"excerpt":"\r Chinese developers are swamping the market Johor Bahru, Malaysia. Hamdi Bin Zainal\/Shutterstock Rather than join the fierce, oft-expensive competition for land in Singapore, Chinese property developers are on a building spree outside the city-state, close to the Malaysian border. Companies such as Country Garden, Greenland Group, and Guangzhou R&F\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-johor-be-worried-about-ghost-towns\/","url_meta":{"origin":37426,"position":2},"title":"Should Johor be worried about ghost towns?","date":"February 1, 2017","format":false,"excerpt":"\r Residential developments in Iskandar Malaysia might be wanting of occupants, analysts fear Workers on the way to Singapore from Johor Bahru. nashriq mohd\/Shutterstock The massive developments in Johor could become ghost towns when they are completed, reported Free Malaysia Today. Chartered surveyor Ernest Cheong is worried that there would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/10-reasons-why-you-should-invest-in-iskandar-malaysia\/","url_meta":{"origin":37426,"position":3},"title":"10 reasons why you should invest in Iskandar Malaysia","date":"August 10, 2016","format":false,"excerpt":"\r Real estate author\u00a0Khalil Adis\u00a0lists his top 10 here Aerial view of Senibong Cove with the Straits of Johor and Sembawang Shipyard at the backdrop. (Photo: Khalil Adis Consultancy) There are many opportunities to be sought in Iskandar Malaysia in 2016. Reason 1: Iskandar Malaysia is the top performing economic\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/western-zones-of-iskandar-malaysia-to-see-price-surge-in-next-10-years\/","url_meta":{"origin":37426,"position":4},"title":"Western zones of Iskandar Malaysia to see price surge in next 10 years","date":"May 10, 2016","format":false,"excerpt":"\r Go west, per\u00a0insiders PropertyGuru.com.my reports that Iskandar Malaysia is expected to become the newest investment haven in the country, especially its real estate sector, according to many experts featured on\u00a0New Straits Times. Iskandar\u00a0is predicted to join the ranks of the world\u2019s most prosperous regions in the next 10 years\u00a0after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38755,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-biz-needed-around-malaysia-singapore-rapid-transit-line\/","url_meta":{"origin":37426,"position":5},"title":"More biz needed around Malaysia-Singapore rapid transit line","date":"December 21, 2016","format":false,"excerpt":"\r Job creation will reinvigorate property scene Permas Jaya in Johor Malaysia. 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