With the Johor-Singapore Rapid Transit System (RTS) progress reaching 36% and the Kuala Lumpur-Singapore High Speed Rail (HSR) project expected to be restarted, the industrial market prospects in Iskandar Johor are promising.
As one of the major developers of Iskandar Johor, UEM Sunshine (UEMS, 5148, main board industry stocks) is expected to become the main beneficiary. With the Johor-Singapore Rapid Transit System (RTS) progress reaching 36% and the Kuala Lumpur-Singapore High Speed Rail (HSR) project expected to be restarted, the industrial market prospects in Iskandar Johor are promising.
As one of the major developers of Iskandar Johor, UEM Sunshine (UEMS, 5148, main board industry stocks) is expected to become the main beneficiary.
Expert advice: UEM Sunshine owns 7,877 acres of land in Johor, accounting for 92% of its land bank, and is expected to be the best representative of the recovery of the property market in the area. During our recent visit to Johor, we observed that the local property market has become more active, especially in the area around Bukit Chagar RTS Station.
We learned that some projects have increased by 50% from launch to occupancy, and some newly launched projects are selling for as high as RM1,000 to RM1,200 per square foot, and the sales are also good.
In addition, the "resurrection" of the Kuala Lumpur-Singapore High Speed Rail will not only help boost short-term market sentiment, but also stimulate the development of small towns in Johor around the route in the long term.
UEM Sunshine, which owns 2,461 acres of land in Gerbang Nusajaya, could benefit from the previously planned Iskandar station.
US market already stop dropping and next week 13 Oct PM announce budget 2024 Johor property good news to fly expecially uem many land bank with Singapore LRT we can standby share price up to 0.90
Positive JB retail market underpinned by upcoming RTS Link
KUALA LUMPUR (Oct 5): The Johor Bahru retail market landscape is poised for exciting growth with the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is expected to transport around 10,000 passengers per hour in each direction, according to Allan Soo RE Consultants principal, Allan Soo.
In the presentation in Johor Bahru Retail Market Conference 2023 held in Kuala Lumpur on Thursday, Soo shared that the overall retail market in Malaysia started slowing down in 2Q2023. However, it is on the uptrend in Johor Bahru, thanks to the large primary catchment population of 1.08 million in the metro areas and Singaporeans, who make up at least another half a million of catchment population.
“It is supported by a secondary catchment population in the suburbs of 700,000. The city centre also benefits from a transient, travelers crowd, both from Johor and other states. The daily crossings (between Singapore and Johor Bahru) are 320,000. It is one of the busiest international crossings in the world. When the RTS is ready, the number will be even greater. There is no other (retail) market like this,” he shared.
Johor theme....Taking the break longer than it should be...... looks like going to be on days nearer to Budget Madani... Go fishing.....without the baits.... so that even the fishes dun disturb you.... comeback when it start to move again ....hahahaha🤣🤣🤣
The vol is low. Huge stocks in hands are still out there hold by institution and fund. Including those which had SBL over from UH to instructional clients more than 3mths ago (more than 2% of stock issued). If based on 2% x 5b = 100mil shares are from left hand to right hand. And where are they (those shares) now? Even if SBL borrower also have to pay interest (daily rest). Kawlat loh.
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MACD
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