The 'controlled release' strategy is also
necessary as Iskandar Malaysia is still a
“relatively small and fragile” region, said
IIB President and Chief Executive Officer
(CEO) Datuk Syed Mohamed Ibrahim.
The last land deals signed by IIB were for
two
properties with a combined gross development
value (GDV) of RM4.6billion.
Wee Soon Chit, Executive Director of
Landserve
(Johor) Sdn Bhd, said IIB has always been
selective on their buyers, although the entry
of a premium developer may still prompt IIB
to
re-consider.
“I believe it is good to control now. Even
UEM
Land Holdings Bhd has not been openly selling
land now. As it is, there are so many mixed
developments with plot ratio of 1:6 that are
under construction or planning. I feel it is
timely to control now before it is too late,”
said Wee.
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