Real estate investors eye residential and industrial development sites in Johor-Singapore SEZ
Discussion panel says the special economic zone would give a fillip to the real estate, Mice, infrastructure and hospitality sectors in Johor
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[SINGAPORE] Investors are currently focused on acquiring residential and industrial development sites in the Johor-Singapore Special Economic Zone (JS-SEZ), where opportunities for growth in the hospitality sector are expected to present themselves in the longer-term.
Govinda Singh, Colliers’ executive director for Asia-Pacific capital markets, hotels, hospitality and advisory, said: “Johor is still in its infancy when it comes to core real estate. There’s still a lot of runway to grow as its population grows and as industry develops. The sector is going to become more and more mature.
“There’s a lot of land there. There aren’t enough good-quality assets to invest in as yet, but that will change in time.”
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