Malaysia

New city near Singapore

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This topic contains 6 replies, has 4 voices, and was last updated by  ASEAN UP 6 months, 1 week ago.

Viewing 7 posts - 1 through 7 (of 7 total)
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  • #8748

    Florian Bansac
    Participant

    Hi,

    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.

    Forest City overview

    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?

    Forest City map

    Anyone has particular thoughts about real estate on this project for Malaysia and Singapore?

    Thanks for sharing your thoughts

    #8753

    ASEAN UP
    Keymaster

    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.

    Cheers

    #8754

    Betty Cheng
    Participant

    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.

    #8762

    Michael Boo
    Participant
    #8766

    Florian Bansac
    Participant

    Hi @michael

    Thanks for sharing!

    #8772

    Michael Boo
    Participant

    You are welcomed Florian.

    Any events coming up in Malaysia under ASEANUP?

    #8773

    ASEAN UP
    Keymaster

    Of course! Check the upcoming events! 😉

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