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.
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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Category Johor Bahru, Legoland | Tags: Angry Birds, Caribbean of the East, Datuk Tee Siew Kiong, Hello Kitty Indoor Theme Park, iskandar malaysia, JBCC, Johor Tourism Master Plan, Krabi, Maldives, mersing, Phi Phi Island, Phuket, puteri harbour, Rompin National Park, South China Sea, Sultan Iskandar Marina Park, Taman Mount Austin, Thailand
May 16, 2016 by iskandarinsider
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.
Category Johor Bahru, Singapore | Tags: Abu Dhabi, Ang Boon Heng, Armed, Asean Economic Community, Basically, Britain, Bukit Cagar, bukit indah, Bukit Timbalan, china, ciq, city square, Coronation Square, datuk abdul ghani othman, Dubai, Grand Palace, Ibrahim International Business District, India, iskandar malaysia, Iskandar Puteri, iskandar regional development authority, Istana Besar, Jalan Skudai, Jalan Tampoi, Jalan Tan Hiok Nee, Jalan Trus, Jalan Ungku Puan, jalan wong ah fook, James Tan, Johan, johor bahru city council, Johor Darul Takzim football club, Johor International Convention Centre, Johor Premium Outlets, Johoreans, Kampung Ungku Mohsin, Kilang Bateri, Komtar, kota iskandar, kuala lumpur, Lumba Kuda flats, Malaysia International Trade, Malaysians, Middle East, Ministry of International Industry, persada, Queen Victoria, Singaporeans, Southern University College, Sultan Abu Bakar, Sultan Ibrahim Building, taman molek, Tan Chai Puan, Tan Sri Shahrir Samad, Temenggong Daeng Ibrahim, Universiti Teknologi Malaysia
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.
Category Iskandar Property, Johor Bahru, Singapore | Tags: Ahyat Ishak, Business Times, china, Chinese, Datuk Chang Khim Wah, datuk ismail ibrahim, Dennis Ng, Eco World Development Group Bhd, Europeans, Ho Chin Soon, hong kong, iskandar regional development authority, japanese, kuala lumpur, Pasir Gudang, Penang, PropertyGuru Malaysia, rapid transit system, Sheldon Fernandez, Shenzen, South Koreans, SP Setia Bhd, sunway bhd, The Strategic Property Investor, Titijaya Land Bhd, uem sunrise bhd, UM Land Bhd
May 4, 2016 by iskandarinsider
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”.
Category Iskandar Property, Nusajaya | Tags: Almas, Bangi, Cyberjaya, east ledang, Estuari Gardens, High Speed Rail (HSR) station, Inspiration Park, Mont’Kiara, Noble Park, Publika Shopping Gallery, puteri harbour, Raymond Cheah, Residensi Ledang, teega, uem sunrise bhd, UEM Sunrise’s
May 3, 2016 by iskandarinsider
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.
Category Iskandar Property, Johor Bahru, Nusajaya, Singapore | Tags: AMD, Bangalore, Cebu City, Cyberjaya, DHL, GBS hub, HSBC, i2M Ventures, i2M Ventures Sdn Bhd, IBM, iskandar regional development authority, Khazanah, Khazanah Nasional Bhd, MDeC, Multimedia Development Corp, Selangor, shenzhen, Talent Corp Malaysia Bhd, Zulfiqar
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.
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.
Category Iskandar Property, Johor Bahru | Tags: datuk ismail ibrahim, Datuk Mohamed Khaled Nordin, Datuk Tee Siew Kiong, Eastern Gate Development Zone, irda, Iskandar Malaysia Regional Development Authority, Iskandar Puteri, Johor Tourism, Komtar JBCC shopping complex, Mohamed Khaled, Senai-Kulai, urban farming, Western Gate Development Zone
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.
Category Iskandar Property, Johor Bahru, Singapore | Tags: Biodiversity Corporation, china, Eastern Gate Development, Europe, HALAL, Halal industry, Halal Park Development, Halmas, Japan, JHP, Johor Biotechnology, Mohd Noor Salam, Pasir Gudang, Pembangunan Ekonomi Negeri, Plus Highway, Senai Airport, Senai-Desaru Expressway, South Korea, Taiwan, Tanjung Langsat Port, Tentu Teguh Sdn Bhd, UMLand, UMLand Group, Wan Amir Jeffrey Wan Abdul Majid
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.
“Malaysian developers have scaled back their launches/shifted their product mix to avoid direct competition with the Chinese developers.