By THE STAR
JOHOR BARU: Country View Bhd sees the Iskandar Development Region (IDR) creating a chain of economic opportunities for many businesses, including property developers.
Marketing manager Andrew Tan said the opportunities would come from the multi-billion ringgit development activities expected to take place up to 2025.
Tan said the property market would benefit from the IDR with demand for residential and commercial properties in the area likely to go up in the next few years.
The IDR covers 2,217 sq km from Senai-Kulai in the north, Gelang Patah-Pontian in the south-west and Pasir Gudang-Tanjung Langsat in the south-east of the state.
“Nusajaya is the key element in the IDR and in fact, in the last nine years developers had already started projects within the development circle despite the uncertainty over whether the IDR would take off,” Tan told StarBiz recently.
Tan said the company was currently developing its Nusa Indah property project in Nusajaya, comprising some 1,000 units of double-storey terrace houses and double-storey shop houses on 120 acres.
“The take-up rate for the project is good, including from Singaporeans due to its close proximity to the second link crossing,” he said.
Tan said visitors going to the State New Administrative Centre in Nusajaya would have to pass through Nusa Indah via a new linkroad, adding that the on-going housing projects by more than 10 developers in the area would further boost demand for properties there.
The company will be launching its 12 high-end bungalow houses on two acres in Jalan Straits View by the end of the year.
He said the project, billed as the last piece of residential development located on a prime land in Johor Baru, is about 3 km from the city centre and the causeway.
Tan said the company was also looking at the possibility of buying land for industrial development as demand for industrial properties within the IDR was expected to grow.