JOHOR BARU: The outlook for the Iskandar Development Region (IDR) is set to change with work on several mega projects scheduled to commence over the next three to five years. The latest property launches indicate that luxury houses are priced between RM1mil and RM15mil while a new price benchmark has been set with condominiums fetching more than RM1,000 per sq ft. Ghani, who is a co-chairman of the Iskandar Regional Development Authority (IRDA), is optimistic the continuous inflow of foreign investment into the IDR would jumpstart slow-moving projects.
(24-1-2008 The Star)
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