New development can spur Iskandar Malaysia’s property market

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The property market could get a lift from ongoing initiatives and from a new development proposed at the JB-SG RTS link.

The project may well set a new pricing benchmark in the city centre given its location. According to RHB Research, this proposed development could potentially also lift prices for other developments in the vicinity.

Last Friday, MRT Corp and Hong Kong-based MTR Corp Ltd signed a memorandum of understanding for a mixed development next to the JB-SG RTS link.

 

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