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RHB IB bullish on Iskandar Malaysia property market

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It picks UEM Sunrise Bhd and Sunway Bhd as key players in the Johor real estate sector.

RHB IB projects strong demand for developments located close to the Johor Bahru-Singapore Rapid Transit System.

“The Singapore dollar-driven consumer spending power is expected to have a positive spillover effect on the retail, hospitality and real estate players further out from the city centre, over time,” said RHB IB. “Besides grocery shopping, areas of major spending include food and beverage, wellness and beauty, and car maintenance. Interestingly, property agents are receiving an increasing number of queries from potential Singapore buyers,” it noted.

“Lee indicated that the Johor-Singapore special economic zone may involve a few specific sectors, and the finalisation of the terms of reference during the upcoming meeting at the end of this month by the two countries’s leaders should facilitate further talks on collaboration,” it noted.

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