SINGAPORE (Sept 9): It did not take long for pundits a decade ago to conclude that the key to Iskandar Malaysia’s success would be Singapore’s participation. And indeed, cheap real estate and the promise of development and growth did lure many, both companies and private investors, over the Causeway. Thirteen years and billions of dollars later, the investor profile has changed, even as investors here have been poorly rewarded.

The region, as a special economic zone spanning an area in southern Johor about three times the size of Singapore, was dubbed the “next Shenzhen”. It would leverage its proximity to...(click on link for full story on theedgesingapore.com)