December, 2012

  1. Iskandar: Boon or bane for Singapore real estate?

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    December 29, 2012 by iskandarinsider

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    Iskandar Malaysia was launched in November 2006 with the aim of developing the southern Johor region into a strong and sustainable metropolis of international standing.

    With a total area of 2,217 sq km, the region will have five flagship zones including the Johor Baru City Centre, Nusajaya and Senai-Skudai, and will incorporate work, live and play elements. A number of key projects have been planned to attract investments into Iskandar, and some have been successfully completed, such as the Johor Premium Outlet and LegoLand.

    According to recent reports, as of last September, Iskandar had recorded nearly RM100 billion (S$40 billion) in investments, about 40 per cent of which came from foreign sources.

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  2. Felda plans 768.90ha township near Pengerang RM60bil Rapid project

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    December 28, 2012 by iskandarinsider

    felda-isa-township-b1MERSING: Felda is now in the final stage of drafting an integrated township development project in Pengerang, in the Kota Tinggi district near the Petronas Refinery and Petrochemicals Integrated Development or Rapid complex.

    Chairman Tan Sri Mohd Isa Abdul Samad said the layout plan of the proposed project was awaiting the Felda board of directors’ approval.

    “We hope to do it (submit the plan for the state government’s approval) in the first quarter of 2013, and start the project probably in the second half of next year,” he said.

    Isa said the proposed township development would be sited on a 768.90ha and priority would be given to Felda settlers to purchase the residential and commercial properties.

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  3. Massive Education Complex Takes Shape in Iskandar Malaysia

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    December 25, 2012 by iskandarinsider

    ISKANDAR 11
    NUSAJAYA, MALAYSIA — The Malaysian state of Johor has long been viewed as an inexpensive shopping area across the border from Singapore, or a stop en route to the brighter lights of Kuala Lumpur.

    Now Malaysia is trying to upgrade a hodgepodge of gritty industrial towns and rural villages with Iskandar Malaysia, a planned eco-city and trading zone with districts for tourism, health care and education.

    Part of the development is EduCity, a 240-hectare, or 600-acre, plot of land in Nusajaya, which is being developed by Iskandar Investment Berhad. This company is majority-owned by investment entities linked to the federal and state authorities. Iskandar Investment hopes that Nusajaya’s lush green fields, neatly paved roads and two theme parks will eventually become a second home to more than 16,000 students.

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  4. Danga Bay growing by leaps and bounds

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    December 21, 2012 by iskandarinsider

    DANGA BAY 1
    UP until the late 1990s, the coastal stretch between Lido beach and Tampoi in Johor Baru comprised of a promenade and a seaside park which was very popular with city folk.

    The promenade had concrete embankments that slanted down into the water, revealing sandy beaches during low tide. Peddlers sold steamboat snacks along this popular stretch that faced the Straits of Johor. A jogging track along the promenade led to a park with lush Casuarina trees.

    In March 1997, the park was upgraded to include a boardwalk that meandered through a nearby mangrove swamp. A tennis court complex within the vicinity housed the Johor Tennis Association.

    A seafood restaurant next to it was the original premises for Restoran Singgah Selalu, which is now a popular 24-hour eatery.

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  5. Iskandar Malaysia a region of innovation, entrepreneurship: Singapore minister

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    December 19, 2012 by iskandarinsider

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    SINGAPORE, Dec 14 — Singapore’s Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development, Lee Yi Shyan, has described Iskandar Malaysia as a region of innovation and entrepreneurship.

    He said the Iskandar region has attracted greater interest recently. It has been reported that many foreign investors, including some Singapore firms, were considering investments there, he said.

    “Indeed, Iskandar’s advantages are aplenty — its proximity to Singapore, availability of land and a large pool of labour are among the chief reasons for foreign firms to locate there.

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  6. Pick JB for world-class events

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    December 19, 2012 by iskandarinsider

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    JOHOR Baru has proven itself as a capable host in organising global events, as well as a perfect destination for meetings, incentives, conventions and expo.

    The city welcomed 2,100 delegates to the 8th World Islamic Economic Forum (WIEF) which was held from Dec 4 to 6.

    It was a major world class event, and the organiser put in a lot of effort to make it a success. The delegates, who were treated to dinner in Kota Iskandar, were impressed by this “Putrajaya of Johor”.

    Kuala Lumpur, with its numerous world-class convention centres, has been the host city for many international events. Singapore has also been a popular choice.

    In the past, Johor Baru was unlikely to be the choice of organisers of global events.

    So when it became known, early this year, that JB would be the venue to hold the WIEF, some were in a state of disbelief while other were overjoyed.

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  7. B&G Capital to develop Iskandar land with GDV of RM1b

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    December 12, 2012 by iskandarinsider

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    KUALA LUMPUR (Dec 12, 2012): Iskandar Investment Bhd (IIB) is selling 3.4ha of prime leasehold land in Medini Iskandar, Johor to B&G Capital Resources Bhd (BGCR) for RM73.34 million.

    The agreement involves the purchase of a gross floor area (GFA) of 2.2 million sq ft over three parcels of land in Zone A, North of Medini.

    IIB, which oversees the development of about 3,591.24ha or about 2% of land in Iskandar Malaysia, signed the 99-year lease purchase agreement via its unit Medini Land Sdn Bhd today.

    In a statement today, IIB president and CEO Datuk Syed Mohamed Syed Ibrahim said the land will be used for mixed commercial development, with expected gross development value (GDV) of RM1 billion.

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  8. PR1MA landed homes in Iskandar at ‘around RM200K’ to be announced soon

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    December 11, 2012 by iskandarinsider

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    Details will soon be announced on the project by the government’s affordable housing programme, Perbadanan Program Perumahan 1Malaysia (PR1MA), in Nusajaya within Johor’s Iskandar economic region, according to an industry source.

    “Over 500 acres of land will be given over to be developed into PRIMA homes,” says the source who believes details on the project will be announced within the next few days.

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  9. Iskandar Waterfront Holdings gets the task of remaking Johor Bahru

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    December 9, 2012 by iskandarinsider

    Connection to the past: Johor Baru’s old bridge.

    TAN Sri Lim Kang Hoo was beaming with excitement to show off his grand plan for the makeover of Johor Baru when StarBizWeek met him for an interview recently.

    He had just got the plans approved for the makeover of the central business district (CBD) and the eastern side of the tip of Johor Baru (JB). The makeover of the CDB will change the face of several streets such as Jalan Wong Ah Fook, Jalan Segget, Jalan Ibrahim, and Jalan Meldrum which now house buildings that have been abandoned for a long time.

    In his opinion, and that of others, JB has not recovered from the property glut after the 1997 Asian economic crisis.

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  10. One Danga @ Danga Bay – Coming Soon

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    December 7, 2012 by iskandarinsider

    One Danga 1One Danga @ Danga Bay is a unique living experience with the serenity of nature in the heart of the new city. It is designed to be a high end Service Suites & Service Residence Sky Garden and various of facilities with an iconic building form that will set the benchmark for luxury highrise property development in Danga Bay, Johor Bahru.

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