Iskandar Malaysia

Iskandar Malaysia: Vision versus reality

SINGAPORE (Sept 9): It did not take long for pundits a decade ago to conclude that the key to Iskandar Malaysia’s success would be Singapore’s participation. And indeed, cheap real estate and the promise of development and growth did lure many, both companies and private investors, over the Causeway. Thirteen years and billions of dollars later, the investor profile has changed even as investors here have been poorly rewarded.

Northern exposure

Iskandar Malaysia attracted billions of dollars in investment from Singapore. But as the special development region nears its target ‘maturity’ date, it is now better known for its property glut than as the economic driver it was meant to be.

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