Iskandar regulator plays down fears of property glut

ISKANDAR Regional Development Authority (IRDA), the statutory authority for regulating and driving the development of Iskandar Malaysia into an international metropolis, has played down fears of an impending property glut.

Jobs to be created over the next few years will ensure demand for thousands of homes, it maintains, but concedes that improved public transport, including the proposed rail link between Singapore and Johor Bahru, would be essential in advancing the economic zone.

"The MRT/BRT (bus rail transit) engineering link study has been tabled with the JMC which has until the end of 2014 to decide," said IRDA chief executive Ismail Ibrahim. JMC is the Joint Ministerial Committee established by Malaysia and Singapore.