Knight Frank Johor brand head Debbie Choy said although certain sectors like the high-rise residential segment may be experiencing an oversupply, opportunities in healthcare and industrial sectors continue to draw investors.She said the macro statistics for Iskandar Malaysia remain strong and encourage positive sentiment in the market.
Upcoming healthcare developments include TMC Life Sciences Bhd’s Thomson Iskandar Medical Hub, part of the RM5 billion Vantage Bay Healthcare City project in Iskandar Malaysia, and Khazanah-Temasek’s Afiniti Medini and Avira Medini integrated wellness projects. “Major healthcare players, such as Thomson Medical and Gleneagles, have built and operate quality healthcare facilities in Johor, and the clustering will act as a huge draw for patients from Singapore,” she said.From its inception in 2006 till the first half of this year, Iskandar Malaysia recorded cumulative committed investment of RM302.09 billion.
Prime Minister Tun Dr Mahathir Mohamad had said in February that the government was looking to double the size of Iskandar Malaysia.