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Sunday, November 17, 2013

Iskandar Malaysia Market Trends!

Iskandar Malaysia (IM), formerly known as Iskandar Development Region (IDR) and South Johor Economic Region (SJER) is the main southern development corridor in Johor, Malaysia. The Iskandar Malaysia was established on 30 July 2006. The project is administered by Iskandar Regional Development Authority (IRDA) and was named after the late Sultan of Johor, Almarhum Sultan Iskandar.



The Iskandar Malaysia is consisting of Johor Bahru City Centre, Senai-Skudai, Nusajaya, Western Gate Development and Eastern Gate Development.



Iskandar Malaysia has recorded total cumulative committed investments of RM128.21bil from its inception in 2006 until September this year, according to Johor Menteri Besar, Datuk Seri Mohamed Khaled Nordin. He said the southern economic corridor managed to attract new investments worth RM9.28bil in the third quarter of the year, compared to RM7.56bil in the second quarter.

The growth of the region include property development, in which the residential, retail and industrial segments collectively contributed cummulative investments of RM48.09bil as at June this year.


As we can see, many foreign countries have already actively investing in various sectors of Iskandar Malaysia especially Singapore, which is just a short distance away. Also there's a huge increase of growth in tourism especially in Nusajaya with its three theme parks which are located within this zone including, Legoland Malaysia, Puteri Harbour Family Theme Park that include Hello Kitty Town (1st outside Japan), Little Big Club & Lat's Place.


It's definitely the best time to start investing in property or even just to get a place of our own with the growth in economy that will benefit the people with more jobs, higher income and more facilities.

If you are interested to survey or to look out for property in Iskandar Malaysia, click here.


.: Peace Out :.