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?
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.