Wonder why land is being reclaimed in the Johor Straits? S’poreans it seems love waterfront properties. So waterfront properties are being created. And this is adding to the supply of land in Iskandar, where there are already problems for S’poreans what with Johor and Federal taxes and restrictions.
The fixation over waterfront properties in the Iskandar region, which has led to frenetic land reclamation, is threatening to undermine the prospects of the growth corridor launched in Johor eight years ago.
Iskandar Malaysia’s value proposition – polished further by its proximity to Singapore – remains intact, but may not do so if development there is left unchecked.
At 2,217 square kilometres, Johor state’s southern development corridor is thrice the size of Singapore; in sports parlance, that is about the size of 400,000 football fields. (BT report last week).
Meanwhile the development caravan keeps on moving: now to Batu Pahat. Property being built to attract S’poreans further North.
Reminds me of what the bandit chief in the movie Manificent 7 said, “If God didn’t want them sheared, he would not have made them sheep.” He was talking of the farmers he was stealing from at regular intervals: he was harvesting them at regular intervals..
He could be referring to S’poreans who keep on getting fleeced in Johor.
Me, I’d rent there, if I wanted to live in a bungalow, and rent my property here.
Cynical Investor
*The writer blogs at http://atans1.wordpress.com/