JOHOR BARU: Several waterfront development areas along the coastal line of Iskandar Malayisa will be designated as international zones for housing development projects.
Mentri Besar Datuk Mohamed Khaled Nordin said the move would address fears among locals of foreigners snapping up all available properties in the economic growth region.
He said Tebrau Bay overlooking Singapore is now designated as the international zone and it would be promoted globally to attract more investors into the area.
“The state authorities will be meeting stakeholders in the first week of next month to get their input and the plans would be showcased to the public for two weeks,’’ he said.
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