The property development in Forest City, Iskandar Puteri, has seen a significant increase in sales over the past two years, with seventy per cent of the properties being sold during this period. This surge in sales is expected to continue over the next three to four years, further boosting the economic sector in the area. State Housing and Local Government Committee chairman Datuk Mohd Jafni Md Shukor highlighted the positive impact of these property sales, stating that many unsold properties from the past four years have now been successfully sold.
Despite being dubbed a ‚ghost town‘ by some, Forest City has proven to be a thriving real estate development with a majority of its properties being sold. Additionally, similar success has been seen in Country Garden and the surrounding areas of Johor Bahru. This success can be attributed to the continuous efforts of the state government in addressing the issue of unsold properties. By actively engaging with investors and streamlining work processes, the state government has created a conducive environment for property sales to flourish.
Mohd Jafni emphasized the importance of the state government’s initiative to enhance work processes and governance to reduce red tape and bureaucracy in the government delivery system. This initiative has not only facilitated property sales but has also positioned Johor as a potential leader in economic development. Prime Minister Datuk Seri Anwar Ibrahim’s recent statement predicting Johor to become the most developed state in Malaysia is a testament to the state’s progress.
The implementation of high-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Special Financial Zone (SFZ) is expected to drive Johor’s economy to surpass other states within the next one to two years. This ambitious vision aligns with the state government’s efforts to attract investors from Singapore and China, further solidifying Johor’s position as a key player in economic growth.
In conclusion, the success of property sales in Forest City and the surrounding areas is a testament to the state government’s commitment to addressing the issue of unsold properties. By streamlining work processes and engaging with investors, Johor is poised to become a leader in economic development in Malaysia. The future looks promising for the property market in Iskandar Puteri, with continued growth expected in the coming years.