Johor property slowdown expected to bite harder
The oversupply will be worsened by a pipeline of 2015/16 projects and those where construction hasn't started
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Kuala Lumpur
FOLLOWING a marked slowdown in demand for property in Iskandar Malaysia, property players expect further signs of a slowdown in the second half of the year, when marginal investors begin to take delivery of their units, especially those in the high-rise luxury segment.
Johor is expected to face a housing glut, the result of developers launching numerous projects in response to unprecedented demand; Chinese developers, in particular, have been aggressively pumping out units by the thousands.
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