July 31, 2014 by Melvin
NEW investments in Iskandar Malaysia more than doubled in the second quarter compared with the first three months of the year as the zone’s boom continues to roar along.
The region recorded RM9.72 billion (S$3.8 billion) in new investment in the three months to June 30, bringing the year’s total so far to RM14.56 billion.
That half-year total is on track to equal or surpass last year’s investment figure of RM25.33 billion.
July 24, 2014 by Melvin
PETALING JAYA: Sunway Iskandar has sold all its 167 Citrine office suites at the Lakeview precinct in Iskandar Malaysia.
“We are very encouraged with the strong response to our first launch as our buyers liked our approach in providing a holistic range of products to create a community within The Lakeview precinct to live, learn, work, shop and play,” Sunway Bhd joint managing director of property development division for Malaysia and Singapore, Sarena Cheah, said in a statement.
July 11, 2014 by Melvin
Recent news about mega developments in Johor’s Iskandar region has investors asking: Will there be an oversupply of homes? Perhaps. But no one knows for sure because no good data exists.
It has been touted as an affordable real estate investment destination in an up-and-coming market, an attractive alternative to Singapore’s pricey housing scene.
But property buyers in Iskandar are now facing two big investor problems: a potential oversupply of homes and an inadequate supply of property data.
Category Danga Bay, Iskandar Property, Johor Bahru, Nusajaya, Singapore, Tourism, UEM Land | Tags: Almas Suites, country garden, financial centre, Greenland Group, Hao Yuan Investment, irda, KLCC, NusaJaya, R&F Princess Cove, R&F Properties, tourist destination, Zhuoda Real Estate Group
July 2, 2014 by Melvin
Telekom Malaysia Bhd (TM) has entered into a deal with UEM Sunrise Bhd and Iskandar Investment Bhd (IIB) to form a joint venture (JV) company that will offer and operate smart services in Nusajaya, Johor.
TM will hold a controlling stake of 51% in the JV at a cost of RM31 million.
Khazanah Nasional Bhd is the major shareholder of UEM Sunrise via its wholly owned subsidiary, UEM Group Bhd, as well as being the major shareholder of TM and IIB, and Khazanah is deemed to be interested in the proposed JV.
July 2, 2014 by Melvin
JOHOR BAHRU, Malaysia and MCLEAN, Va. – Hilton Worldwide announced the opening of DoubleTree by Hilton Johor Bahru, the second DoubleTree by Hilton branded hotel in Malaysia. Conveniently located in the heart of the up-and-coming Iskandar Region, within Johor Bahru’s Central Business District, the hotel offers ample options for business and leisure guests seeking an upscale, full-service hotel offering and the award-winning service experience for which the DoubleTree by Hilton brand is known.
June 21, 2014 by Melvin
THE booming presence of developers from China in Johor has not only ruffled feathers among local developers but also sparked concerns of the Singapore government due to the massive land reclamation works.
Following the high-profile entrance of Guangzhou-based Country Garden Holdings Co Ltd, which launched 9,000 units in Danga Bay at one-go in 2013, all eyes are now on other developers from China who are expected to adopt carpet bombing kind of development.
Category China, Danga Bay, Iskandar Property, Johor Bahru, Singapore | Tags: Agile Property, Bukit Bintang, country garden, Iskandar’s sustainability, Mont Kiara, Petronas Twin Towers, R&F Properties, Second Link
June 19, 2014 by Melvin
Johor’s royal family have emerged as key players in the booming Iskandar property market with major stakes in several developments as well as holdings in related industries.
Some observers have traced their growing involvement to about three years ago – just after Sultan Ibrahim Ismail Sultan Iskandar ascended to the throne in 2010 on the death of his father.
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March 19, 2014 by Melvin
PETALING JAYA: China’s Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn out plans for a massive reclamation project to build luxury homes near Pendas in southern Johor near Singapore, according to sources.
March 3, 2014 by iskandarinsider
GROWTH: Greenland Group to invest in an integrated real estate development
JOHOR BARU: ONE of China’s biggest state-owned companies, the Greenland Group is planning to invest RM3 billion in an integrated real estate development project in Danga Bay.
Its chairman Zhang Yuliang recently led a six-member delegation from its headquarters in Shanghai to finalise a major land deal with Iskandar Waterfront Holdings Sdn Bhd (IWH) for the landmark development.
Greenland, which was ranked 359 in the Fortune Global 500 company survey last year, is said to be keen to acquire around 60ha of land in the area.
Category CapitalLand, China, Danga Bay, Iskandar Property, iskandar waterfront, Johor Bahru, Singapore, Temasek Holdings | Tags: azea properties, brunsfield group, capitaland, centurian properties, country garden, dalian, danga bay, greenland, hao yuan, iskandar waterfront, iwh, nam cheong, skyfront, temasek, tune hotel, wuhan
February 26, 2014 by Melvin
The increased floor price of MYR1 million (USD306,000) threshold for foreign investors is expected to have a limited impact on Iskandar Malaysia projects when it takes effect on 1 May, according to real estate consultants.
Loo Kong Hoe of Rahim & Co (Johor), who spoke at last Monday’s 2014 property outlook briefing of the Malaysian Institute of Estate Agents (MIEA), said that foreign investors tend to buy properties that exceed the updated minimum purchase price, adding that only one out of every five purchases is currently made by an overseas buyer.