September, 2013

  1. Iskandar To Develop Malaysia’s Second F1 Circuit By 2016

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    September 27, 2013 by Melvin

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    The Strait Times reported that FASTrack Autosports – a joint venture between Singapore tycoon Peter Lim (pic) and the Johor royal family – had decided to upgrade after it found out that the cost was only 10% more than Grade 2.
    Its reported cost is just under US$ 100 million (RM 322.5 million) and is part of a US$ 1.4 billion motorsports hub project by FASTrack and UEM Land of Malaysia.

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  2. 74 percent of foreign buyers of UEM’s Iskandar project are Singaporean

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    September 23, 2013 by iskandarinsider

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    SINGAPORE – Singaporeans are streets ahead of any other group of foreigners snapping up property developed by UEM Sunrise at Iskandar Malaysia.

    They accounted for 74 per cent of purchases made at the various developments by non-Malaysians.

    Most Singaporean buyers are people who go to Johor frequently for business and those wanting a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim on Thursday.

    “They buy more of the upmarket products, as foreigners can only buy units that are above RM500,000 (S$195,000), and they have been buying both landed homes and strata developments,” he added at a progress update of the Iskandar projects.

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  3. Singapore’s Skyfront Holdings, Iskandar Waterfront in RM700m Danga Bay project

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    September 12, 2013 by iskandarinsider

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    KUALA LUMPUR: Singapore’s Skyfront Holdings Pte Ltd is teaming up with Iskandar Waterfront Holdings Sdn Bhd (IWH) to undertake a RM700mil residential project in Danga Bay in Johor Baru.

    The companies said on Wednesday the development on a 1.4ha (3.48-acre) freehold site would offer 840 condominium units spread over three high-rise blocks overlooking the Straits of Johor.

    The location is a prime waterfront site within Flagship “A” of Iskandar Malaysia and within a 5km radius of the Johor Bahru central business district and the Johor-Singapore Causeway.

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