Chinese property developers flooding Johor Bahru with 500,000 apartment homes

According to a Bloomberg report on Nov. 22, Johor Bahru is in the midst of being flooded with up to 500,000 brand new apartment homes built by Chinese property developers on reclaimed land facing Singapore up north.

The developers are betting on Johor Bahru’s special Iskandar economic zone, which is three times the size of Singapore, to be the next Shenzhen — the neighbor of Hong Kong that grew from a fishing village to a city of 10 million people in three decades.

Read more @Mothership.SG…