August 23, 2016 by iskandarinsider
LOCATED in the heart of Johor Bahru town, under the Iskandar Malaysia flagship (Zone A) earmarked as an upcoming CBD area, is Setia Sky 88. Noted as the most elevated residential development in Johor, the project under S P Setia consists of freehold luxury serviced apartments build to reflect “Life in the Clouds”.
ON TIME AND IN STYLE
Setia Sky 88 comes with a GDV of RM800 million. The project is said to incorporate one of the tallest residential and iconic buildings in Iskandar, consisting of 55 levels. There are three residential towers in its design – Altus, Sora and Nube. They offer 838 residential units that come with a wide range of exquisite and exclusive facilities and amenities.
Category Iskandar Property, Johor Bahru, Singapore | Tags: Abdul Latiff, CBD, Datuk Abdul Latiff Bandi, GDV, iskandar malaysia, rapid transit system, Rumah Mampu Milik Johor, setia, Setia Business Park, Setia Eco Gardens, setia sky 88, Tan Sri Wan Zahid Mohd Noordin, Tebrau
August 15, 2016 by iskandarinsider
Singapore and Malaysia signed a Memorandum of Understanding on July 19 to build the High Speed Rail (HSR) linking Singapore and Kuala Lumpur, a long-awaited update on the project that also revealed a more reasonable completion target of 2026.
In my most recent book, Weathering a Property Downturn, I had hazarded a guess that the earliest date for the HSR to begin operations would be the year 2025. Inter-city and international railway projects are never simple and deadlines get postponed all the time. Acquiring land across four Malaysian states, resettling affected families and businesses and, most importantly, the raising of funds for the entire project, will require a few more years, especially if local issues and politics disrupt the timeline.
Category Singapore | Tags: Ayer Keroh, batu pahat, china, Dr Qin Yu, Economic Geography, High Speed Rail, Iskandar, kluang, kuala lumpur, Malacca, malaysia, mm2h, Muar, National University of Singapore, NusaJaya, Peninsular Malaysia, Port Dickson, putrajaya, Seremban, Tampin
August 11, 2016 by iskandarinsider
KUALA LUMPUR: Certain real estate segments, including high-end condominiums, in key areas in Malaysia may not be in the pink of health now and in the near future, according to Knight Frank Malaysia. The global property consultant, however, said there would be growth despite the cloudy outlook for all market sectors amid weakening in the domestic economy and global uncertainties.
Category Johor Bahru, Singapore | Tags: Bayan Lepas Expressway, Bus Rapid Transport system, HSR, iskandar malaysia, Johor, Klang Valley, Knight Frank Malaysia, Kota Kinabalu, kuala lumpur, MoU, Pan-Borneo Highway, Penang, putrajaya, Sabah, Sarkunan Subramaniam, Sungai Buloh-Kajang
August 1, 2016 by iskandarinsider
JOHOR BAHRU: Pasir Gudang will soon see a facelift as developer Mah Sing Group brings its largest township development to Johor on a 531.3 ha land in the eastern zone of Iskandar Malaysia.
Meridin East, the group’s latest integrated mixed development with an estimated gross development value of RM5bil, is focused in Kong Kong, Pasir Gudang, which falls under Flagship Zone D of Iskandar.
July 26, 2016 by iskandarinsider
JOHOR BAHRU: Iskandar Malaysia is set to become a regional theme park hub with more theme parks expected to be set up in the country’s first economic corridor.
State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong said the growth corridor would have eight theme parks within the next three to five years.
“Talks are going on between the authorities and theme park operators from other countries planning to set up their theme parks in Iskandar Malaysia,’’ he told StarBiz on Saturday.
Category Iskandar Property | Tags: Angry Birds @ JBCC, australia, Datuk Tee Siew Kiong, Europe, Hello Kitty Indoor Theme Park @ Puteri Harbour, Indonesia, iskandar malaysia, iskandar regional development authority, Japan, Legoland Malaysia Theme Park, Maldives, mersing, Mount Austin water theme park, North America, Rompin National Park, South China Sea, Thailand
July 21, 2016 by iskandarinsider
PROPERTY transaction costs and taxation are becoming increasingly important considerations for investors. Global consultancy Knight Frank in its recently launched Global Tax Report developed jointly with Ernst & Young revealed that indicative property tax costs can range from as low as 3.5% or 3.6% of the property price in Monaco and Dubai, respectively, to over 30% in Sao Paulo.
To make comparisons of property taxes and costs in various countries, the analysts assumed that a non-resident investor has a sum of money (US$1 million or US$10 million) to invest in property overseas. The purchase, holding and disposal costs of owning a property over five years were then calculated.
The report analysed the costs that a foreign individual would have to bear when buying a US$1 million or US$10 million property as an investment, and renting it out over a five-year period.
Category Singapore | Tags: Asian, australia, Dubai, Ernst & Young Tax Consultants Sdn Bhd, Farah Rosley, hong kong, Knight Frank, Liam Bailey, malaysia, Marnix Van Rij, Monaco, Mumbai, Real Property Gains Tax, Shanghai, Sydney, UK
July 11, 2016 by iskandarinsider
KUALA LUMPUR: South Korea’s cosmetic firm Amorepacific Corporation plans to invest about US$170mil or RM691mil in Malaysia by setting up an integrated centre for research and development and manufacturing in Iskandar Puteri, Johor.
UEM Sunrise Bhd said on Wednesday its unit UEM Land Bhd had signed a sale and purchase agreement with Amorepacific for the sale of the 25.37-acre land within Southern Industrial and Logistics Clusters (SiLC) in Iskandar Puteri.
July 4, 2016 by iskandarinsider
JOHOR BAHRU: The government hopes to stop the outflow of doctors from the country by creating ample job opportunities in Iskandar Malaysia via a proposed medical hub.
State Health and Environment committee chairman Datuk Ayob Rahmat said that according to reports, a large number of Malaysian doctors were now practicing in Singapore.
“But now we are looking at the possibility of creating a medical hub in Iskandar and looking at creating a niche in at least five to six fields.
“Among some of the niche areas include being a hub for cancer, cardiology, urology, women and child healthcare centre,” he said after launching an Islamic digital radio at Hospital Sultan Ismail here on Sunday.
Category Johor Bahru, Singapore | Tags: Datuk Ayob Rahmat, Hospital Sultan Ismail, iskandar malaysia, Johor Mentri Besar Datuk Mohamed Khaled Nordin, Kampung Wak Salam, Muhammad Iskandar, Muhammad Iskandar Muhammad Syukri, Nur Jannah
July 1, 2016 by iskandarinsider
With the iconic High Speed Rail’s location in Iskandar Puteri expected to be announced by both the Singaporean and Malaysian Prime Ministers in July this year, Gerbang Nusajaya is fast taking shape with a 25-year master plan that will complement Singapore’s very own Jurong Lake District.
Google “Iskandar Malaysia” and you will find that out of ten stories, seven of them will most likely be adverse news reporting on the special economic zone.
A combination of the ongoing 1MDB investigation in Singapore and the oversupply issue have resulted in a perfect storm brewing that had somewhat resulted in the rather lukewarm property market that Iskandar Malaysia is currently experiencing.
Category Iskandar Property, Johor Bahru, Legoland, Singapore | Tags: 1MDB, Brian Koh, china, danga bay, DTZ Nawawi Tie Leung Sdn Bhd, educity, FASTrack Iskandar, Gerbang Nusajaya, Gerbang Nusajaya’s Central Business District, hermann tilke, High Speed Rail, High Speed Rail’s, InneuoNusa, iskandar malaysia, Iskandar Puteri, iskandar regional development authority, Japan, Jurong Lake, Jurong Lake District, Legoland Theme Park, Melia Residences, NusaJaya, Nusajaya Tech Park, Nusajaya Techpark, pr1ma, Prime Minister Dato Sri Najib Tun Abdul Razak, Raymond Cheah, singapore, Singaporean, Singapore’s, Spain, Telekom Malaysia, The Straits Times, UEM Sunrise’s, United States of America, Woodlands Regional Centre
June 27, 2016 by iskandarinsider
KUALA LUMPUR – Japanese trading giant Mitsui & Co. is capitalizing on its business partnerships in Malaysia to expand its role in the country’s government-backed grand project to build a new multi-functional city.
Iskandar Malaysia is a gargantuan urban development project to build a thriving, high-tech metropolis that can attract money and people from all over the world on a tract of land three times larger than neighboring Singapore.
Category Iskandar Property, Legoland, Singapore | Tags: ascendas, Azbil's, Canon, Fujikura's, Hitachi, IHH Healthcare, japanese, Japanese technology, khazanah nasional, Medini Iskandar Malaysia, mitsui & co, Mitsui's Tetsuo Okamura, Nusajaya Tech Park, Okamura, Panasonic's, uem sunrise