News about Johor

SKUDAI (June 8): Landed homes on the secondary market priced between RM300,000 and RM600,000 are continuing to see strong demand in Johor, said Malaysian Institute of Estate Agents (MIEA) Johor branch chairman Liew Toh Sen (pictured, below).

JOHOR BARU (June 6): Iskandar Waterfront City Bhd (IWCB), in which state, federal and private entities are stakeholders, will undertake a RM65 million project to revive an abandoned housing project in Johor.

   SKUDAI (June 5): Iskandar Malaysia is still experiencing rapid economic growth, said Iskandar Regional Development Authority (IRDA) CEO Datuk Ismail Ibrahim today.

KUALA LUMPUR (June 5): Johor Baru’s residential market showed no growth in values and transactions in the first quarter of this year (1Q2015), according to the latest edition of The Edge-KGV International Property Consultants Johor Baru housing monitor.

The proposed implementation of “international zones” for the purchase of residential property by foreigners in Johor is likely to dampen demand for luxury properties outside of them that are priced above RM1 million, real estate agents familiar with the Johor market tell The Edge Property.

LBS Bina Group Bhd (May 29, RM1.

KUALA LUMPUR (May 28): Mah Sing Group Bhd’s net profit for 1Q15 grew 18.

KUALA LUMPUR: UEM Sunrise Bhd, the largest landlord in the Iskandar region in Johor, has seen its share price shrink to only one-third of its peak at RM3.

KUALA LUMPUR (May 21): Property developer UEM Sunrise Bhd is taking steps to limit its exposure to Iskandar Johor as the area has been plagued by oversupply of property development projects.

KUALA LUMPUR (May 13): Kimlun Corp Bhd is acquiring land in Kota Tinggi, Johor for RM28.