December, 2013

  1. Iskandar Waterfront Sells $615M to S’pore Firm For $3B Project

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    December 27, 2013 by Melvin

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    The master planner for Danga Bay said in a statement yesterday that it had signed the sale and purchase agreement with Hao Yuan Investment Pte Ltd for six parcels of land, which would be developed by Prstine Sun Properties Sdn Bhd, a 60:40 joint-venture (JV) between Hao Yuan and IWH.

    the price tag of RM 1.6bil works out to a land cost of 20 per cent of the RM8bil gross development value, within the range OF 15 per cent- 20 percent typically paid to a landowner in Malaysia.

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  2. Iskandar Offers The Best For Singapore, Malaysia

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    December 23, 2013 by Melvin

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    RISING from a former palm plantation, the towering Astaka complex will cast its shadow across the Malaysia-Singapore border by 2017, a symbol for an ambitious development zone linking the two former rival’s econo-mies.

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  3. Emerging Trends in Real Estate® Asia Pacific 2014 Report

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    December 13, 2013 by iskandarinsider

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    Emerging Trends in Real Estate® Asia Pacific is a trends and forecast publication now in its eighth edition, and is one of the most highly regarded and widely read forecast reports in the real estate industry. Emerging Trends in Real Estate® Asia Pacific 2014, undertaken jointly by PwC and the Urban Land Institute, provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues throughout the Asia Pacific region.

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  4. Iskandar Malaysia comes of age

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    December 12, 2013 by Melvin

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    For the next few years, many Johoreans, especially Johor Baru residents, were unsure about what Iskandar Malaysia was, let alone what to make of the ambitious master plan.

    Many did not understand that southern Johor would be transformed permanently into a future regional growth region, rivaling the many international cities around the world.

    It can be argued that most of the explanations were not communicated properly at that time by the Iskandar Regional Development Authority (Irda).

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  5. Iskandar Malaysia comes of age

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    December 12, 2013 by iskandarinsider

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    LIKE most Malaysians, I must admit that I tend to take things with a grain of salt and need a lot of convincing before I can commit to something.

    When I first heard about Iskandar Malaysia back in 2006, there was a fair bit of scepticism. Many of my friends also wondered: “Where and what is Iskandar Malaysia?”

    For the next few years, many Johoreans, especially Johor Baru residents, were unsure about what Iskandar Malaysia was, let alone what to make of the ambitious master plan.

    Many did not understand that southern Johor would be transformed permanently into a future regional growth region, rivaling the many international cities around the world.

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  6. Malaysia’s tallest condo to be ready in 2017

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    December 9, 2013 by iskandarinsider

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    JOHOR BARU: In just seven months, 50% of the Astaka @ 1 Bukit Senyum, the tallest high-end residential tower development project in the region, has been snapped up by buyers.

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  7. Final plan for Singapore-Johor Bahru Rapid Transit System (RTS) link by end of 2014

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    December 7, 2013 by Melvin

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    Johor Bahru, 7th December 2013 – The Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM) Meeting on Transport Matters was held at Horizon Hills Golf and Country Club on 6th December 2013 in Nusajaya, Malaysia.

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  8. Final plan for Singapore-Johor Bahru Rapid Transit System (RTS) link by end of 2014

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    December 7, 2013 by Melvin

    RTS

    Johor Bahru, The Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM) Meeting on Transport Matters was held at Horizon Hills Golf and Country Club on 6th December 2013 in Nusajaya, Malaysia.

    In a statement issued on Saturday in Singapore, the meeting has reviewed the progress made so far by the Transportation Links Work Group and has accepted the Joint Engineering Study Phase 1 report on the Singapore-Johor Bahru Rapid Transit System (RTS) link and agreed to identify a preferred and agreed option for the RTS link by the end of 2014.

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  9. Malaysia grants tax break for Medini, a showcase zone near Singapore

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    December 5, 2013 by iskandarinsider

    The entrance of the first Legoland Malaysia Theme Park in Asia located at Medini, Nusajaya, Gelang Patah in Johor. ABDUL RAHMAN EMBONG /THE STAR The entrance of the first Legoland Malaysia Theme Park in Asia located at Medini, Nusajaya, Gelang Patah in Johor. ABDUL RAHMAN EMBONG /THE STAR[/caption]
    KUALA LUMPUR: Malaysia has granted a substantial tax break to a zone in a showpiece investment project near Singapore, a move likely to provide crucial support to a $800 million initial public offering of the area’s developer next year.

    The Medini area in the southern state of Johor is the only section of the $30 billion Iskandar Development Region to get an exemption from a 30 percent property gains tax announced in October to cool soaring property prices, government officials said.

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  10. Medini Iskandar property buyers seem unfazed by impending tax rules

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    December 4, 2013 by iskandarinsider

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    Developers of the latest project in Medini Iskandar, Paradiso Nuova, say they are confident that the Medini properties will be exempted from the new cooling measures.

    SINGAPORE: Singaporeans seemed undeterred by the recent property tax rules announced by the Malaysian government.

    More than half of the 192 indicative bookings for the latest project in Medini Iskandar — Paradiso Nuova — came from Singaporeans.
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