Homebuyers spoilt for choice in Iskandar

NOW considered one of Malaysia's hottest real estate spots, Iskandar Malaysia has been pulling in developers looking to cash in on the demand for properties there.

Local developers may have had a headstart, but they are now facing stiff competition from larger builders from Klang Valley and beyond Malaysia.

The rivalry has led to a mushrooming of options for buyers. In the next two to three years, thousands of units are scheduled to be completed, given the number of projects launched in the last year or so amid bullish sentiment and robust sales. For example, Afiniti Medini, a mixed-use residential-commercial development, sold 88 units in just 51/2 hours.