- May 10, 2017 at 02:55 #8748
An entirely new city project called “Forest City” is set to be developed soon. It will be build on artificial islands in Malaysia right next to Singapore, and presents a lot of challenges, but also a lot of opportunities for both Malaysia and Singapore. Check this Bloomberg article and the Forest City project website for more info.
How do you think it will affect cross border commuting and transports, construction and development of Johor Bahru and the border side of Malaysia, and real estate and property values in Singapore?
Anyone has particular thoughts about real estate on this project for Malaysia and Singapore?
Thanks for sharing your thoughtsMay 11, 2017 at 15:02 #8753
This will certainly impact the real estate market in the Johor Bahru area of Malaysia and maybe in Singapore’s western regions.
For your info, here is the latest resource on real estate in Malaysia published on ASEAN UP.
CheersMay 11, 2017 at 15:08 #8754
This is certainly an exciting project, stimulating the real estate and construction sector, and which could also impact the financial sector through the stocks of real estate companies involved in the project.
However, most investments will come from China, so the benefit to the Malaysian companies and economy may be somewhat milder. Chinese companies will reinforce their power in both Singapore and the Johor Bahru area.
Looking forward to more insights from Malaysian real estate professionals. Please tell us what you think.May 12, 2017 at 12:11 #8762
Yes a mega project… in spite of some temporary setback…
Probably these more recent news will shed some more light:May 12, 2017 at 14:22 #8766May 13, 2017 at 11:34 #8772
You are welcomed Florian.
Any events coming up in Malaysia under ASEANUP?May 13, 2017 at 14:18 #8773January 5, 2018 at 00:34 #10496
Here is a CNN video that goes into more details about Iskandar and Forrest City developments. It’s quite interesting, presenting it as a bet to create a Malaysian Shenzhen.
Is it worth it to invest in Iskandar?
Let me know what you think!
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