Real Estate in Malaysia
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MALAYSIA, 2015/12/27
Real estate developers are quietly optimistic that new projects and a steady flow of investments into Iskandar Malaysia, the multi-purpose development zone in the southern national of Johor, will boost investor interest in property in the region, particularly in the overstocked residential segment.
Creating demand
“The authorities need to bring in industry and services in order to grow the people, but all of this takes time,” Ivan Teo, general manager of property developer Rawhide, told OBG. This underscores the need for additional mixed-use properties, which provide a wider variety of services and cater to multiple segments of the community, he added.
There is some early movement in this direction, according to Freddie Lee, executive-director of developer Seri Alam Properties, thanks to increased activity in the industrial segment.
