$UEMS (5148.MY)$ Adding positions at 1.03, short-term break ...
Adding positions at 1.03, short-term break at 1.08.
- Kuala Lumpur: CIMB Securities Research stated that the infrastructure development in Malaysia's Iskandar has sparked new demand, especially for industrial properties and datacenter (DC) development land.
The research firm mentioned that with improved connectivity, developers with strategic land banks in Iskandar Puteri have enjoyed strong sales in recent releases.
"We came out of the visit more convinced that the 'feel-good' factor generated by Johor's transformative landscape will eventually permeate Iskandar Puteri - the pulse of Iskandar Malaysia within the southern development corridor of Johor.
It stated in a note that this, in turn, has driven the recovery of real estate demand in Iskandar Puteri and its surrounding areas.
CIM Securities Research mentioned that there has been renewed interest in Johor's properties, initially concentrated in high-rise developments in JB city near the proposed Johor-Singapore Rapid Transit System Link (RTS Link), but has since expanded to other areas such as Iskandar Puteri.
It also believes that with new potential introductions, Malaysia's Iskandar is accelerating the pace of its local creative activities.
The ferry service between Singapore and Tuas will have a significant impact on the region.
At the same time, CIMB Securities Research stated that well-connected regions, industrial and datacenter drivers, as well as the ripple effect of the Special Financial Zone (SFZ), will also help increase the demand for property in Iskandar Puteri.
If implemented well, the company believes that the launch of Forest City SFZ and its various incentive measures will have a ripple effect on the entire IM region.
The state government also requires the SFZ to be included in the broader Johor-Singapore Economic Zone (SEZ).
Regarding stocks, we prefer Sunway Bhd and UEM Sunrise Bhd to tap into the rising prospects of Iskandar Puteri.
It further stated, "As the two largest landowners in IM, we firmly believe that Sunway and UEM Sunrise provide good leverage for the rising prospects of Iskandar Puteri, and if the proposed SEZ is realized as planned, there should be additional stimulus for these prospects.
The research firm mentioned that with improved connectivity, developers with strategic land banks in Iskandar Puteri have enjoyed strong sales in recent releases.
"We came out of the visit more convinced that the 'feel-good' factor generated by Johor's transformative landscape will eventually permeate Iskandar Puteri - the pulse of Iskandar Malaysia within the southern development corridor of Johor.
It stated in a note that this, in turn, has driven the recovery of real estate demand in Iskandar Puteri and its surrounding areas.
CIM Securities Research mentioned that there has been renewed interest in Johor's properties, initially concentrated in high-rise developments in JB city near the proposed Johor-Singapore Rapid Transit System Link (RTS Link), but has since expanded to other areas such as Iskandar Puteri.
It also believes that with new potential introductions, Malaysia's Iskandar is accelerating the pace of its local creative activities.
The ferry service between Singapore and Tuas will have a significant impact on the region.
At the same time, CIMB Securities Research stated that well-connected regions, industrial and datacenter drivers, as well as the ripple effect of the Special Financial Zone (SFZ), will also help increase the demand for property in Iskandar Puteri.
If implemented well, the company believes that the launch of Forest City SFZ and its various incentive measures will have a ripple effect on the entire IM region.
The state government also requires the SFZ to be included in the broader Johor-Singapore Economic Zone (SEZ).
Regarding stocks, we prefer Sunway Bhd and UEM Sunrise Bhd to tap into the rising prospects of Iskandar Puteri.
It further stated, "As the two largest landowners in IM, we firmly believe that Sunway and UEM Sunrise provide good leverage for the rising prospects of Iskandar Puteri, and if the proposed SEZ is realized as planned, there should be additional stimulus for these prospects.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
