Is Iskandar Property Still A Bargain – Part 1

Have you ever thought of investing in Iskandar Johor? The largest property development plan ever in the State of Johor is structured into 5 flagship zones.

1)      Nusajaya – The new township

2)      Port of Tanjung Pelepas – Western Gate Development

3)      Johor Bahru City Centre Redevelopment

4)      Desaru and Pengerang – Eastern Gate Development

5)      Senai and Kulai Redevelopment

Almost every type of properties and projects are available for investment.

Nusajaya is a completely new developed township consisting of residential, commercial, industrial and government facilities. The main Johor State New Administrative Centre is located in Kota Iskandar, Nusajaya. There have been multiple residential projects and have attracted some expats in relocating to the area. SiLC is also one of the largest industrial park in Johor, planned to serve as an outsourcing factory for MNC and Singapore’s companies. Companies such as YongNam (YNH: SP) and Teckwah Industrial (TECK: SP) has already invested in the area.

Port of Tanjung Pelepas is now the busiest port in Johor, the port now can handle more than 10.4million TEUs and continues to grow year on year.

Johor Bahru City Centre redevelopment project focused on new residential and commercial spaces. The area has already attracted large developers from China such as Country Garden (2007: HK) and Guangzhou R&F Properties (2777: HK), developing the largest residential projects Johor has ever seen.

Desaru and Pengerang is a push for tourism and the downstream oil and gas sector. With development in Desaru, the government hopes that Desaru can be an iconic beach resort area in Johor. More importantly, the RAPID project from PETRONAS in Pengerang is a massive downstream project that might cost more than RM88 billion, hopefully to be able to rival the facilities in Jurong Island, Singapore.

Lastly, Senai and Kulai, two towns that have mostly been restricted to the local population are seeing a revamp, to upgrade the two into a world class logistic hub and residential township.

With so many projects and possibilities happening all at once, who can afford not to be invested? Till now, those who have invested in the earlier days have seen their bets pay off handsomely. However, the question now remains, is it too late for investors to go into the game? Let’s explore that in our next article.

 

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The information provided is for general information purposes only and is not intended to be any investment or financial advice. All views and opinions articulated in the article were expressed in Stanley Lim’s personal capacity and do not in any way represent those of his employer and other related entities. Stanley Lim do not own shares in any of the companies mentioned above.

 

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