About 2 months ago, there was a launch of a residential development in Johor with hundreds of bungalows for sale following the wake of a few optimistic announcements of developments in Johor known as the Iskandar Development Region (IDR).
I don't have that kind of money to invest, but even if I had, I was skeptical. Quite a few Singaporeans have been burnt in such land development schemes that intentionally or not became scams.
A few weeks after that promo at HDB Hub, there was another promo at Suntec, and this time a man turned up with newspaper cuttings and a testimony to warn potential investors of the risks of investing in M'sia. He was one of those who had been burnt previously. He had invested in a development project but halfway through the developer ran out of cash or just ran out. The project was stalled and remained unfinished, and uninhabitable. Then looters started stealing whatever was there.
The Singapore investors had no recourse, no help, no hope.
The new IDR has the backing of the M'sian govt and it is clear that they are committed to the project and the vision of what it promises.
But the people are not behind it. How long can they be committed? How sure can we be of the commitment? What happens if, because of Singapore's investment in the IDR, the PAS wins Johor in the next election?
The M'sian govt is making all the right noises, but the people are making all the wrong ones.
What we have here is a barking dog who's also wagging it's tail. Which end should we believe?
Technorati Tags: Singapore, Malaysia, Iskandar, Johor, Investment, Politics, Causeway
I don't have that kind of money to invest, but even if I had, I was skeptical. Quite a few Singaporeans have been burnt in such land development schemes that intentionally or not became scams.
A few weeks after that promo at HDB Hub, there was another promo at Suntec, and this time a man turned up with newspaper cuttings and a testimony to warn potential investors of the risks of investing in M'sia. He was one of those who had been burnt previously. He had invested in a development project but halfway through the developer ran out of cash or just ran out. The project was stalled and remained unfinished, and uninhabitable. Then looters started stealing whatever was there.
The Singapore investors had no recourse, no help, no hope.
The new IDR has the backing of the M'sian govt and it is clear that they are committed to the project and the vision of what it promises.
But the people are not behind it. How long can they be committed? How sure can we be of the commitment? What happens if, because of Singapore's investment in the IDR, the PAS wins Johor in the next election?
The M'sian govt is making all the right noises, but the people are making all the wrong ones.
What we have here is a barking dog who's also wagging it's tail. Which end should we believe?
Technorati Tags: Singapore, Malaysia, Iskandar, Johor, Investment, Politics, Causeway
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