1st April 2013
PETALING JAYA: Property players with exposure to Iskandar Malaysia could see a rerating in the pipeline, following the planned listing of Iskandar Waterfront Holdings Sdn Bhd (IWH) in the fourth quarter of this year.
Maybank IB Research analyst Wong Wei Sum said better connectivity in the area via the rapid transit system (RTS) between Singapore and Johor and the KL-Singapore high speed rail, coupled with rising business activities and an increasing population should further lift land and property prices in Iskandar.
Wong highlighted in the report on property developers in Iskandar that the key beneficiaries include UEM Land Holdings Bhd, Sunway Bhd,Genting Plantations Bhd, IJM Land Bhd, S P Setia Bhd, Dijaya Corp Bhd, Crescendo Corp Bhd, Eastern & Oriental Bhd and KSL Holdings Bhd.
