SINGAPORE — China has, in the past two years, overtaken Singapore to become the top foreign investor in the Malaysian real estate market, drawn by large-scale projects such as Iskandar in Johor and Bandar Malaysia in Kuala Lumpur. From 2014 to 2016, Chinese companies, mainly developers, invested an estimated S$2.6 billion in Malaysia, compared to Singapore’s S$1.6 billion, a report by property consultancy Cushman & Wakefield said on Monday (March 27). At the height of Iskandar’s development boom in 2013, the Chinese committed about S$2.7 billion, it noted.
