Putra Nilai is close to amenities such as hypermarkets (Giant and Tesco) and education hubs (Nilai University, Universiti Sains Islam Malaysia, Manipal International University and INTI International University).

Residents of Bukit Indah benefit from the direct bus from the Bukit Indah Bus Interchange to Jurong East and Boon Lay MRT stations in Singapore.

The government indicated that new projects in the planning stage could be deferred. It is uncertain which projects will be deferred at this stage.

The Johor Halal Park (JHP), which was launched two months ago, following a revision of its master plan, is expected to attract companies from Japan, South Korea, Taiwan and China to set up shop in Iskandar Malaysia.

While new developments are increasingly more upmarket, the secondary market in Johor Bahru is still concentrated in the mass-market segment.

Local stakeholders are expecting the Singapore to Johor Bahru Rapid Transit System (RTS) and the High Speed Rail (HSR) to Kuala Lumpur to be future catalysts

The RM455 million Ramada Lumut Resort is all set to enhance the family experience.

With the Penang Transport Master Plan now being implemented, the areas on mainland Penang closest to the island stand to benefit from major new developments.

Revenue growth came mainly from improved contributions from Sunway Putra Mall (+291% quarter-on-quarter [q-o-q]), which was more than enough to offset the drop in rentals from Sunway Tower (-58% q-o-q), as the office tower’s occupancy rate fell to 21% from 67% in FY15.

On the whole, net property income was up 9.6% y-o-y mainly driven by gross rental income (+7.3% y-o-y) attributed to renewals and additional net lettable area (NLA) of 40,000 sq ft, as well as a decrease of 1.8% y-o-y in operating expenses.