October, 2014

  1. Iskandar developers change strategy focusing on landed, industrial properties

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    October 17, 2014 by iskandarinsider

    PETALING JAYA: Malaysian developers are scaling back launches of high-rise integrated properties in Danga Bay and Nusajaya-Medini in Iskandar Malaysia due to the more than ample incoming supply by the end of 2015/2016.

    They are instead focusing on landed and industrial properties, according to Maybank research report.

    Analyst Wong Wei Sum said in the report that the oversupply might result in a decline in property values over the medium term of between two and five years.

    She also raised concern about the “increasingly crowded development space in Iskandar” after the research house hosted a group of 19 Malaysian investors there in late September.

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  2. Slowdown looming for Iskandar Malaysia

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    October 17, 2014 by iskandarinsider

    PETALING JAYA: The property prices in Iskandar Malaysia (IM) are expected to stay weak and flat over the medium term as there will be more incoming supply ahead, whereas the Klang Valley’s property market appears to be more sustainable, according to Maybank Kim Eng Research.

    The oversupply of properties in IM is more apparent in the mixed-use and high-rise residential front, said Maybank Kim Eng Research analyst Wong Wei Sum in a report last Friday.

    She has maintained a “neutral” view on the property sector, with a preference on the Klang Valley over Iskandar Malaysia, as strong population growth potential (more than 40% growth by 2020) in the Klang Valley offers more sustainable demand for properties, coupled with the immiment approval of the MRT Line 2.

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