Initial launches of MB World’s maiden township in Kota Tinggi well-received

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March 10, 2017 by iskandarinsider

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PETALING JAYA : MB World Group Bhd’s (MBWG) maiden township development, Taman Sri Penawar in Bandar Penawar, Kota Tinggi in Johor, will be officially launched this Saturday (March 11).

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.

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Iskandar Malaysia: on the edge of glory or a billion-dollar failure?

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January 20, 2017 by iskandarinsider

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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.

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Story of the year: Malaysia bets big on China

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December 27, 2016 by iskandarinsider

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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.

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$100 Billion Chinese-Made City Near Singapore ‘Scares the Hell Out of Everybody’

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November 22, 2016 by iskandarinsider

Project model on display at the Country Garden Forest City Sales Gallery in Johor Malaysia, on Tuesday, Nov. 02, 2016. Photographer: Ore Huiying/Bloomberg

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?”

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IGB’s ongoing projects on track for completion

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November 10, 2016 by iskandarinsider

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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.

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UEM in talks to sell Iskandar sites to investors

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November 3, 2016 by iskandarinsider

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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.

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Move to strengthen Iskandar development region

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October 24, 2016 by iskandarinsider

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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.

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Property in Bukit Indah in demand

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October 17, 2016 by iskandarinsider

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ISKANDAR PUTERI: While some developers have reported a slow down in the property sector, one developer is experiencing a remarkable demand for its properties.

At least 80% of SP Setia’s newly launched double-storey terrace units known as Visca and Villosa in Bukit Indah were snapped up during its launch recently.

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Eco World launches RM1bil property projects

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October 6, 2016 by iskandarinsider

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SHAH ALAM: Eco World Development Group Bhd, one of Malaysia’s leading property developers, has launched four new projects estimated at RM1bil across three sections of the country.

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EcoWorld’s Firsts: Developer launches Eco Bloom in Penang

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September 27, 2016 by iskandarinsider

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GEORGE TOWN: Eco World Development Group Berhad (EcoWorld) is set to launch 4 new projects concurrently nationwide this Sunday under its ‘EcoWorld’s Firsts’ campaign. The projects are Eco Bloom in Penang, Eco Ardence and Eco Grandeur in the Klang Valley and Eco Business Park II in Iskandar Malaysia in Johor.

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