The Johor property market is poised for growth, with KSL being a key player to watch. According to RHB Research, the developer has a significant landbank in Johor, which will likely benefit from the upcoming Johor-Singapore Special Economic Zone. This could lead to increased demand for properties in the area, driving up prices and potentially leading to a surge in property values.

The Johor-Singapore Special Economic Zone is expected to bring in new investments, create jobs, and stimulate economic growth in the region. As a result, KSL's large landbank in Johor puts the company in a prime position to capitalize on this growth. With the potential for increased demand for properties, KSL may be able to launch new projects, which could lead to higher revenue and profitability for the company.

The growth of the Johor property market could also have a positive impact on the broader Malaysian property market. As the Johor-Singapore Special Economic Zone develops, it may attract more investors and buyers to the region, which could lead to a ripple effect in other parts of the country. This could be particularly beneficial for first-time buyers and investors looking for opportunities in the Malaysian property market.

Looking ahead, the success of the Johor-Singapore Special Economic Zone will depend on various factors, including the ability to attract new investments and create jobs. If successful, it could lead to a significant boost to the local economy and property market. As such, KSL's position in the Johor property market makes it an interesting play for investors looking to capitalize on the potential growth in the region.

In conclusion, KSL's large landbank in Johor and the upcoming Johor-Singapore Special Economic Zone make it an under-invested property play. With the potential for increased demand for properties and higher property values, KSL is likely to benefit from the growth in the region. As the Malaysian property market continues to evolve, it will be interesting to see how KSL and other developers respond to the opportunities and challenges presented by the Johor-Singapore Special Economic Zone.