UEM Sunrise to strengthen fundamentals to steer growth


May 30, 2016 by iskandarinsider


KUALA LUMPUR: UEM Sunrise Bhd will focus on strengthening its fundamentals to steer growth, amid the challenging property market this year.

Executive director Datuk Izzaddin Idris said the company had outlined some key priorities to focus on this year among them — establishing a comprehensive marketing strategy, intensifying systems and processes to ensure timely and quality delivery to build its reputation as a value-driven developer.

In a statement issued on Monday, he said the company expected the demand for the property sector to remain subdued as the Malaysian economy slowed, tight lending conditions continued and consumer, as well as, business sentiment remained passive.

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Learning mission for Johor


May 23, 2016 by iskandarinsider


JOHOR BAHRU: Johor wants to learn from the success stories of the tourism players in Thailand and Maldives in attracting tourists from all over the world to their respective countries.

State Tourism committee chairman Datuk Tee Siew Kiong said the government hoped to have similar success in attracting local and foreign tourists to visit Mersing.

He said plans were already in the pipeline to develop and transform the Mersing district located on the north east of Johor, about 130km from here, as the “Caribbean of the East”.
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Transforming Johor Bahru into an international city


May 16, 2016 by iskandarinsider

20120906 - Johor Bahru causeway. Photo by CJS

JOHOR BAHRU, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.

Prior to that, the heart of the old city had fallen into decline with the opening of the Customs, Immigration and Quarantine (CIQ) complex. According to architect Johan Ropi, this was because places such as the Lumba Kuda flats, Kampung Ungku Mohsin and Bukit Cagar recreation park were demolished to make way for the complex.

“This sucked all the population out of the city. Things got worse after the CIQ opened and everybody started bypassing the city itself. When the government offices at Bukit Timbalan were relocated to Kota Iskandar, it killed the original function of the town,” he explains.

Johor Bahru was established in the days when towns were built to cater for the needs of the local population rather than as a tourist attraction. Originally a small fishing village, it was turned into Johor’s administrative centre known as Iskandar Puteri by Temenggong Daeng Ibrahim in 1855. There, he built modern facilities such as police stations, courthouses and government departments. It was his son, Sultan Abu Bakar, who renamed the town Johor Bahru.

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Investment haven in the making


May 9, 2016 by iskandarinsider


KUALA LUMPUR: Iskandar Malaysia in Johor is moving closer towards becoming a sustainable “international metropolis”, and spurring economic developments that actuate Malaysia’s global potential.   Analysts and industry observers are unanimous in that the business region is poised to be a haven for investments. After being left behind by property booms in Kuala Lumpur, Penang, Hong Kong and China over the years, Iskandar Malaysia is set to be one of the world’s fastest growing economic regions in the next 10 years. According to Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim, the economic region, which is three times bigger than Singapore, had accumulated a total of RM202.45 billion in committed investments from 2006 until March. “Of the total, 51 per cent, or RM103.50 billion, represents investments that have been realised,” he told Business Times. Ismail said foreign investors contributed RM81.01 billion, or 40 per cent, to the total cumulative committed investments, while the remaining 60 per cent, or RM121.44 billion, was from local investors. PropertyGuru Malaysia country manager Sheldon Fernandez said many quarters’ perception of Iskandar Malaysia in the past was somewhat misguided. “The success of Iskandar Malaysia should not be viewed purely from the performance of its property market in the short term, but rather on a longer 10 to 20-year horizon and must include all its other components — industrial, commercial, business, foreign investments, technology and innovation,” he said. Sheldon added that the rise of Iskandar Malaysia should be viewed from how it transformed the landscape — bringing with it socio-economic prosperity to Johor and the southern region, with property forming only a part of the picture. “Such developments don’t happen overnight.

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UEM Sunrise to unveil Melia Residences this weekend


May 4, 2016 by iskandarinsider

UEM Sunrise Signature Selection

KUALA LUMPUR (April 22): UEM Sunrise Bhd will launch Melia Residences, the first freehold landed strata residential development in Gerbang Nusajaya, Iskandar Malaysia, this Saturday with selling prices from RM596,000 to RM1.5 million.

The company’s chief operating officer (commercial) Raymond Cheah said phase one of Melia Residences comprises 125 units of 2-storey terraced houses with built-up sizes ranging from 2,006 sq ft to 2,594 sq ft.

“Currently, there are 901 interested buyers who have registered with us. I am confident all the units in the first phase will be sold before we launch the second phase in June,” he told reporters during the press conference of UEM Sunrise’s marketing campaign “Signature Selection – Rendezvous in France 2016”.

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Iskandar Puteri aims to be business services outsourcing hub


May 3, 2016 by iskandarinsider

Zulfiqar i2M

AS A greenfield development, Iskandar Puteri in Johor, formerly known as Nusajaya, has gone through two growth phases — infrastructure and property development. The question now is what industry should be promoted to turn it into an economically vibrant city?

The answer lies in its master plan and geographical location.

Iskandar Puteri has never been planned to attract the agriculture or manufacturing industries. Its proximity to Singapore and lower cost base makes it a prime location for the global business services (GBS) outsourcing industry.

Realising that the region offers tremendous opportunities for companies to benefit from the Singapore market while having a Malaysian cost structure, Khazanah Nasional Bhd set up i2M Ventures Sdn Bhd to promote Iskandar Puteri as a GBS hub.

“i2m Ventures started in August 2013, but it came out of what was called the business services unit in the investment division of Khazanah,” i2M Ventures’ managing director Zulfiqar Zainuddin tells The Edge in a recent interview in Medini.

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Opportunities in a volatile market


April 29, 2016 by iskandarinsider

THE Malaysian property market has been on a downward slide for the past two years or so. With an uncertain economy and few signs of the property market bouncing back in the near term, are there still opportunities for investors?


Sarena Cheah , Sunway Bhd managing director of the Property Development Division for Malaysia and Singapore, believes that property investments have always proved to be resilient across economic cycles and there will still be pockets of opportunities even in weak market conditions.

“Properties within mature locations that are well served and connected will remain in demand. The completion of new transport infrastructure will add to the excitement of these locations,” says Cheah.

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Reaching out to local communities


April 27, 2016 by iskandarinsider


JOHOR BAHRU: Iskandar Malaysia Regional Development Authority (Irda) will continue to engage and reach out to the local communities residing within Iskandar Malaysia from time to time.

Mentri Besar Datuk Mohamed Khaled Nordin said this was important to ensure that the ordinary folk were aware of the progress and development taking place within the economic growth corridor.

He said continuous efforts must be made by the Iskandar Malaysia stakeholders via their programmes and initiatives tailored for the local communities which would benefit them in the long run.

“We have to change the perception that Iskandar Malaysia is only about big investments where locals are not benefiting from the influx of domestic and foreign investors,” Mohamed Khaled said.

He said this following the launch of Iskandar Malaysia Open Day 2016 and the unveiling of its tenth anniversary logo at Komtar JBCC shopping complex here.

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Commercial property development project


April 26, 2016 by iskandarinsider


HALAL products may not come across as a lucrative business if you are looking at it from a minuscule perspective ie. a small stall in the laidback countryside. In a broader view, the industry is gargantuan, one that is big business with worldwide demand for halal consumer products reported to be worth some US$2.5 trillion (RM9.8 trillion) in 2015.

Halal hub in Iskandar

Now, imagine Malaysia on the world map, with the world’s leading halal bio-based and herbal-based park as the global halal hub right here in Iskandar Malaysia. This is exactly what United Malayan Land Berhad (UMLand) has planned for Johor Halal Park (JHP), situated within the Eastern Gate Development of the said region.

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Developers with exposure in Klang Valley, Penang better options


April 25, 2016 by iskandarinsider


KUALA LUMPUR: Maybank Investment Bank Research remains cautious on property exposure in Iskandar Malaysia and prefers developers with exposure in the Klang Valley and Penang.

It said on Tuesday property transactions in Johor fell 33% on-quarter in 4Q14, underperforming the country (-7%) and other major cities/states such as KL (-12%), Selangor (+2%) and Penang (+8%).

Johor property prices have weakened 1% on-quarter versus Malaysia’s -0.2%, KL’s -0.9%, Selangor’s -0.1% and Penang’s -0.3%.

Maybank Research pointed out developers from China have been aggressively accumulating landbank in Iskandar Malaysia.

 Shanghai-based developer Greenland Holdings Group recently acquired 128 acres of freehold land in the south of Bandar Baru Permas Jaya while Country Garden has received the green light from Department of Environment to continue its massive reclamation of 3,425 acres of the Forest City project near the second link.

“Malaysian developers have scaled back their launches/shifted their product mix to avoid direct competition with the Chinese developers.

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