January, 2013

  1. Mah Sing eyes RM5bil GDV in Iskandar Malaysia


    January 30, 2013 by iskandarinsider


    KUALA LUMPUR: Mah Sing Group Bhd’s vision is to become one of the largest lifestyle developers in the Iskandar Development Region (IDR) with a minimum gross development value (GDV) of at least RM5bil over the next few years.

    It is targeting mainly foreigner s a nd will be opening a sales gallery in Singapore after the Chinese New Year celebration.

    “We want to be one of the big players in Johor. We have done our homework and want to target homes for students and families around Educity. We see the Iskandar region thriving and a great beneficiary because of its proximity to Singapore,” Mah Sing group managing director Tan Sri Leong Hoy Kum told StarBiz.

    The educational institutions in Educity include University of Reading from the United Kingdom, the Newcastle University Medicine Malaysia, the University of Southampton Malaysia campus, the Netherlands Maritime Institute of Technology, Raffles University Iskandar and Marlborough College Malaysia.

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  2. MP: We cannot restrict foreign projects in Nusajaya


    January 20, 2013 by iskandarinsider

    JOHOR BARU: Imposing a quota on the number of projects that foreigners can take up in Nusajaya will only drive investors away, Pulai MP Datuk Nur Jazlan Mohamed said.

    Nur Jazlan said the suggestion recently by Malay Chamber of Commerce Malaysia president Syed Ali Al-Attas was not something that was viable today because Malaysia is not only facing stiff competition for foreign investors from Singapore and Indonesia but also from other developing countries in the region, including from Vietnam, Cambodia and Myanmar.

    “It is not practical for us to tighten policies or chase away investors especially in Nusajaya as their decision to invest there will have an overall impact on the whole Iskandar Malaysia region and the state,” he said.

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  3. Hong Kong developer New World Development launches maiden project in JB


    January 17, 2013 by iskandarinsider

    JOHOR BARU (Jan 11): One of the largest property developers in Hong Kong, New World Development Co Ltd, has joined hands with a local partner to launch its maiden real estate project in Malaysia.

    The company, which commands a 15 per cent market share in the highly competitive property market in Hong Kong, picked Luen Yum Development (M) Sdn Bhd as its partner in launching the “New World Garden” project in Plentong, Johor.

    The project, offering 96 units of high-end bungalows and semi-detached luvury villas on 4.86 ha. of land, has a Gross Development Value (GDV) of RM240 million.

    Slated for completion in April 2014, it is undertaken by Taipan Eagle Sdn Bhd, a joint venture company set up by New World Development and Luen Yum Development.

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  4. US Six Flags to invest RM1.5bil in Iskandar theme park in Malaysia


    January 10, 2013 by iskandarinsider

    NUSAJAYA: US-based theme park operator Six Flags Entertainment Corp is planning to invest between RM1.2bil and RM1.5bil to set up a theme park in Iskandar Malaysia.

    Sources told StarBiz that the theme park, which will be double the size of Legoland Malaysia and the company’s first theme park in Asia, would offer more than 40 rides.

    According to Wikipedia, Six Flags Entertainment is the world’s largest amusement part corporation based on quantity of properties and the fifth most popular in terms of attendance.

    Update: Six Flags Entertainment Corp (NYSE:SIX) owner and operator of regional theme, water and zoological parks is not expanding to Asia with any investment or involvement in Iskandar, Malaysia.

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  5. Iskandar now poised to roll in the money


    January 9, 2013 by iskandarinsider

    With most projects now broken ground or operating, Iskandar Malaysia is in position to rake in the value from investments made
    puteri-harbour-catalyst-developmentWas it a rebranding, the entry of the Singapore government’s own investment vehicles, improved bilateral relations, or the entry of crucial names like Pinewood Studios (of James Bond fame), Legoland, Marlborough College (of Kate Middleton fame), Traders Hotel and the Hello Kitty theme park? Or was it the attractive tax and government incentives, the heating up of the Singapore property market, or just timing in its serendipitous mysterious way? Whatever it is, it seems like the Iskandar Malaysia economic region in southern Johor, since its grand scheme was announced as the South Johor Economic Region about seven years ago, is coming together.

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  6. More Chinese firms to invest in Iskandar Malaysia


    January 7, 2013 by iskandarinsider

    chinese firm
    JOHOR BAHRU, Jan 4 (Bernama) — More China-based firms are expected to invest in Iskandar Malaysia especially in the property sector in the next two years, according to the Johor Bahru Chinese Chamber of Commerce and Industry.

    “They (Chinese investors) are very knowledgeable about Iskandar Malaysia’s potential. Many of them are making preparations to enter the Iskandar Malaysia market in the next two years,” its president Datuk Soh Poh Seng told Bernama here today.

    Chinese investors are already buying plots of land of between 100 to 200 acres (40.5 to 80.9 ha.) in Iskandar Malaysia, he said.

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  7. SM SuriaMas – Tower D (Final Phase)


    January 4, 2013 by iskandarinsider

    SM SuriaMas Tower D is the last phase of the development and limited units left.

    Reap the Potential Value of JB Central!
    – Special Packages for Up-graders
    – Free Legal Fees & Disbursement on SPA & Loan (Panel Solicitor only)
    – 2 Units of Designated Parking Lots

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  8. Reflections and expectations for Iskandar Development Region in Johor Bahru


    January 2, 2013 by iskandarinsider

    iskandar 2
    THEN AND NOW- Industry leaders look back on the year that was and outline their plans for the times ahead

    BASED on the strategic roadmap, 2012 was the tipping point for Iskandar Malaysia and we have reached that as most of the catalytic projects that we planned have been completed.

    The next stage of development is to make the Iskandar region a metropolis of international standing, comparable to London, New York, Auckland and Singapore, in a bid to become among the world’s 10 most liveable cities.

    The investment put in by the federal government in building new infrastructure and improving existing infrastructure, coupled with catalytic projects, have equated to the current situation we’re seeing in Iskandar Malaysia, which is buzzing with activities.

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