The property sector in Johor is expected to face challenging times next couple of years due to effects of the on-going Covid-19 pandemic.
THE next couple of years will be the most challenging for property developers in Johor because of the economic slowdown brought about by the Covid-19 pandemic.
Real Estate and Housing Developers Association (Rehda) Johor branch deputy chairman Ku Hwa Seng said the situation was likely to be even worse than a year ago when Covid-19 first hit most parts of the world.
“There are already so many uncertainties and challenges in the global economic landscape over the past one year and Malaysia is not spared, ’’ he said.
Businesses, including those in downtown Johor Baru, will see more visitors once the Rapid Transit System Link is up and running six years from now.
JOHOR BARU: The Rapid Transit System Link (RTS) connecting Johor Baru and Singapore will bring long-term benefit to the southern part of Johor.
Real Estate and Housing Developers Association (Rehda) Johor branch deputy chairman Ku Hwa Seng said Malaysia and Singapore could look forward to better connectivity and accessibility with the project.
“Iskandar Malaysia economic growth corridor is going to benefit the most from the project due its close proximity with Singapore, ’’ he said when contacted here.