As Iskandar enters its tenth year as a development region,
some projects that were seen as catalysts for growth in the region appear to be
taking a longer gestation period than expected, with many developers taking a
wait and see approach.
Thursday, 11 February 2016
Iskandar housing market struggles amid weak interest
The idea that property development in Iskandar would satisfy
spill over demand from Singapore was tested to its limit last year.
Multiple headwinds for Chinese property developers in Malaysia
R&F’s Princess Cove, a 30,000 unit project, is in worst
shape. According to two local agents, it has sold less than half of the 3,000
units that went on pre-sale since 2014. R&F has declined to comment.
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