Jaya Grocer launches largest outlet in Johor
The supermarket at Eco Galleria in Taman Eko Botani, Iskandar Puteri covers an area of 35,000 sq ft.
The supermarket at Eco Galleria in Taman Eko Botani, Iskandar Puteri covers an area of 35,000 sq ft.
Last Friday, Prime Minister Datuk Seri Anwar Ibrahim reportedly said the government's bid to create a special financial zone in Forest City is meant to boost investment, growth and economic activities in Johor.
RHB Research said the designation of Forest City, which is close to the Second Link, as a special financial zone should revitalise the township, which had received a lot of negative attention over the last few years.
According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.
“This TOD will bring about great change to Johor Bahru's property market, not only in terms of the train station but also residential houses, retail offices and hotels.
Apart from that, rentals for condominiums in Singapore grew 32% annually in the first quarter of 2023, while the government has also imposed a steeper stamp duty starting April.
“The land will provide Scientex the opportunity to create greater economic value and increase the earnings potential over the medium to long term as the land parcels have promising development potential.
The developer will also be unveiling the Magnolia show houses on July 8 to provide its new and prospective homebuyers with a first-hand experience of the property, it said in a press statement released on July 5.
Sheraton Johor Bahru will be part of an upcoming mixed-use development comprising several commercial developments, including a retail podium and office spaces, along Jalan Storey in Johor Bahru.