Johor’s invasion of Chinese buyers (and what it means for Singapore)
Nation Garden Holdings Co. is the developer behind Woodland City. If you aren't sure just what that is, it's an impressive real estate project that holds around 700,000 people, and is built on four adjoining islands between Singapore and Johor. This gets on the forecast that Johor will certainly be "the next Shenzhen". Exactly what does Woodland City imply for Singapore? Although it's a bit very early to say, we could give some reasonable assumptions about Forest City's impact, if all goes according to strategy. We know, as an example, that besides 700,000 property devices there will also be a lot of industrial as well as retail room. As well as at the opening event, Malaysian Head of state Najib Razak declared the location a duty-free zone, together with corporate tax motivations for pick sectors (tourism and also medical care were pointed out). Below's what we think the likely influence will get on us: 1. Singaporean financiers in Iskandar might be in trouble 2. We may stand to benefit from an increase of Chinese tourism 3. Likewise, this means larger crowds of Chinese travelers 4. Feasible ecological havoc 5. Singaporean capitalists in Iskandar may be in problem
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