Iskandar housing glut may result in lower rental yields

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http://www.businesstimes.com.sg/premium/singapore/iskandar-housing-glut-may-hit-rental-yields-rehda-chief-20140930

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A looming housing glut in Iskandar Malaysia may weigh down rental yields in the economic zone, with homes being left empty.

The warning this time came from Malaysia's national organisation of developers, the Real Estate & Housing Developers Association (Rehda).

In the past 12 to 18 months, the deluge of homes launched or in the pipeline by China developers, including Country Gardens and Guangzhou R&F Properties, has stoked concerns over a looming housing glut in the Iskandar region, which encompasses an area of more than 2,000 square kilometres in Johor.

Some 30,000 homes could be completed by 2016 or early 2017 in Iskandar.