JS-SEZ: Johor govt considering policies to curb property price speculation

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JS-SEZ: Johor govt considering policies to curb property price speculation
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I feel a tremendous weight on my shoulders, knowing that I am responsible for the well-being of my son, but also recognising my own limitations as I age.

ISKANDAR PUTERI: The Johor state government is considering implementing policies to curb property price speculation associated with the establishment of the Johor -Singapore Special Economic Zone .

He noted that property speculation has led to significant increases in land and residential prices in several areas, necessitating government scrutiny and control. Pandak inquired about the Johor government's assurances regarding the welfare of residents, particularly local fishermen's safety at sea, and the anticipated increase in property prices in Iskandar Puteri following the implementation of JS-SEZ.

"There may be certain premiums that can be introduced. The Johor government will also discuss the construction of more affordable homes in the JS-SEZ areas with the Local Government and Housing Ministry," he said while emphasising that any proposals regarding the JS-SEZ would prioritise locals.

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