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Singapore buyers make up 74% of non-Malaysian Iskandar purchasers: UEM

Published on Sep 19, 2013 3:45 PM
 
Homes and clubhouse at East Ledang, one of the developments in Nusajaya in Iskandar Malaysia in the southern Johor state. Singaporean buyers make up 74 per cent of non-Malaysians who have purchased properties in Iskandar Malaysia developed by UEM Sunrise. -- ST FILE PHOTO: NURIA LING

Singaporean buyers make up 74 per cent of non-Malaysians who have purchased properties in Iskandar Malaysia developed by UEM Sunrise.

Most of these Singaporeans are people who go to Johor frequently for business and those seeking a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim.

"They have been buying both landed homes and strata developments. The landed houses are in our East Ledang development and the strata units are at our high-rise developments in Horizon Hills, Puteri Harbour and East Ledang," he said at a briefing on Thursday.

The high numbers of investors flocking to Iskandar has pushed prices up considerably, Mr Wan said.

 
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