May 22, 2017 by iskandarinsider
PETALING JAYA: Country Garden Holdings Co Ltd (CGH) of China is seeking a bigger market for its property developments in Iskandar Malaysia, Johor, particularly Forest City.
Following restrictions on the outflow of funds from China, the property developer is now seeking the services of international agencies to market its products to buyers in Asia and beyond.
April 25, 2017 by iskandarinsider
KUALA LUMPUR: Property developer Country Garden Holdings Co Ltd has stopped providing free flights to bring in potential buyers from mainland China to its sales gallery in Iskandar Malaysia, Johor, which previously formed part of its marketing campaign to lure investors to buy properties in itsCountry Garden Holdings Co Ltd development in the Strait of Johor.
“Since March 13, 2017, our sales galleries in China have ceased all travel-related support services for mainland Chinese travelling to Forest City. This means mainland Chinese buyers who are interested in the Forest City project will have to find their own way to our sales gallery in Iskandar Malaysia,” Country Garden said in a statement yesterday.
The Forest City development comprises four man-made islands sandwiched between Johor and Singapore, with a land area measuring 1,386ha, about three times the size of Sentosa Island.
The mammoth project, costing US$100 billion (RM443 billion), was in the limelight recently after Beijing introduced tighter rules to curb capital flight, which was estimated by the Institute of International Finance to have reached a record US$725 billion last year.
Last month, Country Garden closed its Forest City sales galleries in China as the government launched a crackdown on capital flight by banning its citizens from converting yuan into other currencies for overseas property purchases.
March 10, 2017 by iskandarinsider
With an estimated gross development value (GDV) of RM1.9 billion, Taman Sri Penawar spans 470 acres of land with 3,300 residential units and 380 commercial units planned, the developer said in a statement today.
The township will be developed in phases by Cocoa Valley Development Sdn Bhd, a subsidiary of MBWG. It is expected to be completed in seven years.
Category Iskandar Property, Johor Bahru, New Launch *Hot* | Tags: Bandar Penawar, Cocoa Valley Development Sdn Bhd, kota tinggi, MB World Group Bhd’s, Ng Liang Khiang, Taman Desaru Utama, Taman Sri Penawar, The Harmonia
February 15, 2017 by iskandarinsider
JOHOR BARU: IJM Land Bhd sees Iskandar Malaysia as the next growth centre in the country after the Klang Valley with good growth prospects in the long term.
Nasa Land Sdn Bhd general manager Lim Hock Seng said the development and progress taking place in the country’s first economic growth corridor was a testimony to what’s right about the growth corridor.
He said the influx of domestic and foreign investors and new residents in south Johor would create new job opportunities as well as demand for residential and commercial properties.
“Iskandar Malaysia will continue to drive economic growth in south Johor and we are still upbeat that the property outlook remains positive,’’ Lim told StarBiz at the company’s Chinese New Year open house here yesterday.
Nasa Land Sdn Bhd is a strategic partnership between IJM Land and JKG – the developer of NasaCity – a multi-million ringgit mixed development project located along the North-South Expressway (NSE).
Category Iskandar Property, Johor Bahru | Tags: Centra Residences, Datuk Seri Najib Tun Razak, High Speed Rail, IJM Land Bhd, Klang Valley, Lee Hsien Loon, Lim Hock Seng, Nasa Land Sdn Bhd, North South Expressway, rapid transit system
January 20, 2017 by iskandarinsider
The Iskandar Malaysia development project was supposed to create an economic powerhouse that bridged the gap between Malaysia and Singapore. Ten years later, businesses have made it their new home but it is leaving investors disappointed.
By Victoria Wah
Iskandar Malaysia was once called, “one of the most ambitious development projects in the world.” Begun in 2006 it aimed to turn South Johor into a flourishing economic zone with three million people, 1.46 million jobs, and a gross domestic product of US$93.3 billion by 2025.
December 27, 2016 by iskandarinsider
MALAYSIA-China relations reached a new high this year following Prime Minister Datuk Seri Najib Razak’s official visit to Beijing, where he signed 14 bilateral agreements worth a combined RM144 billion.
While the improved ties will help bring much-needed fresh foreign direct investments (FDIs) into the Malaysian economy, the size of those deals has also sparked debate about China’s growing influence in the country.
Category Singapore | Tags: 1Malaysia Development Bhd, China Communications Construction Corp, China General Nuclear Power Corp Ltd, China Railway Engineering Corp, Datuk Seri Najib Razak’s, Edra Global Energy Bhd’s, FDI, High Speed Rail, Iskandar Waterfront Holdings Sdn Bhd, LBS Bina Group Bhd, Malayan United Industries Bhd, Sunway Group, Tan Sri Jeffrey Cheah, Tan Sri Khoo Kay Peng, Tan Sri Lim Hock San, Tan Sri Lim Kang Hoo, The East Coast Rail Link
November 22, 2016 by iskandarinsider
The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea.
While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen.
“These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”
Category China, Iskandar Property, Johor Bahru, Singapore | Tags: AirAsia Bhd, Alan Cheong, Alice Tan, Asian mainland, Axis-REIT Managers Bhd, CH Williams Talhar & Wong, Chief Executive Officer Izzaddin Idris, country garden, danga bay, Estate Agents, Forest City, Greenland Group, Guangzhou R&F Properties Co, hong kong, Jonathan Lo, Khazanah Nasional Bhd, New York’s, Savills Singapore, shenzhen, Singapore Airlines, Siva Shanker, Southeast Asia, SP Setia Bhd, sunway bhd, Sydney, Tebrau, UEM Group Bhd, uem sunrise bhd, Vancouver
November 10, 2016 by iskandarinsider
IGB Corp Bhd Maintain outperform with a target price (TP) of RM4.80: A meeting with management revealed that with the recent noncore asset disposal, IGB Corp Bhd has raised about RM1 billion in dry powder for its new assets, especially Mid Valley Southkey Megamall and its proposed mixed developments in London and Bangkok.
Ongoing projects, namely Southpoint Tower in Mid Valley City and Mid Valley Southkey Megamall, are on track to be completed by the first half of 2017 (1H17) and second half of 2018 (2H18) respectively.
November 3, 2016 by iskandarinsider
SINGAPORE (BLOOMBERG) – UEM Sunrise Bhd, the biggest landowner in Malaysia’s southern Iskandar region, is in talks to sell sites to overseas manufacturers to boost economic activity in the area.
Companies from South Korea, Japan and Taiwan are in discussions about investment in the Iskandar zone, said Mr Izzaddin Idris, chief executive officer at the developer’s parent, UEM Group Bhd.
October 24, 2016 by iskandarinsider
ISKANDAR PUTERI: Medini Iskandar Malaysia is in the midst of developing its global research initiative to strengthen Iskandar development region for the next 100 years.
Dubbed Medini Iskandar Malaysia, it would be the Malaysia Biennial 100 Years City’s (Malaysia Biennial 100YC) first destination partner, researching models for the vibrant and sustainable urban development of Medini.
Category Iskandar Property | Tags: Central Business District, datuk ismail ibrahim, Imran Clyde, iskandar regional development authority, Khairul Anwar Ahmad, Malaysia Biennial Artistic, Medini Iskandar Malaysia Sdn Bhd, Prof Tom Kovac, Property Communications Sdn Bhd, Royal Melbourne Institute of Technology