After the formation of the Federation of Malaysia in 1963, Johor Bahru continued as the state capital and more development was carried out, with the town's expansion and the construction of more new townships and industrial estates. The Indonesian confrontation did not directly affect Johor Bahru as the main Indonesian landing point in Johor was in Labis and Tenang in Segamat District as well Pontian District. There is only one active Indonesian spy organisation in the town, known as "Gerakan Ekonomi Melayu Indonesia" (GEMI). They frequently engaged with the Indonesian communities living there to contribute information for Indonesian commandos until the bombing of the MacDonald House in Singapore in 1965. By the early 1990s, the town had considerably expanded in size, and was officially granted a city status on 1 January 1994. Johor Bahru City Council was formed and the city's current main square, Dataran Bandaraya Johor Bahru, was constructed to commemorate the event. A central business district was developed in the centre of the city from the mid-1990s in the area around Wong Ah Fook Street. The state and federal government channelled considerable funds for the development of the city—particularly more so after 2006, when the Iskandar Malaysia was formed. However, more than 10 years of unbridled building construction in Iskandar, especially of higher end high-rise apartments and commercial property, has led to a serious glut of such property in the region. Occupancy of high-rise accommodation has been predicted to fall to 50 percent, and commercial property to 65 percent, by the end of 2019 due to continued incoming supply.