MB: Johor will ensure no oversupply of serviced apartments
NUSAJAYA: The Johor government has come up with a comprehensive action plan to overcome the oversupply of serviced apartments.
The state government would be outlining more stringent conditions for construction of such apartments and determine their locations to ensure suitability, said Johor Mentri Besar Datuk Mohamed Khaled Nordin.
“We will give developers 12 months from the approval of their planning permission application to start construction,” he said.
“If they fail to start and no further application is forwarded, we will not allow for a renewal application on that plan, “he told Dr Zaini Abu Bakar (BN-Nusajaya) at the state assembly here yesterday.
Mohamed Khaled said the state government had also taken the initiative to create the Iskandar Malaysia Property Action (Impact) programme through the Iskandar Regional Development Authority.
“The programme was set up to gather the relevant property sector parties, including government agencies, private and professional bodies under one platform,” he said, adding that current issues relating to property would be inclusively and professionally analysed by Impact.
-Source “The Star”-