February 26, 2014 by Melvin
The increased floor price of MYR1 million (USD306,000) threshold for foreign investors is expected to have a limited impact on Iskandar Malaysia projects when it takes effect on 1 May, according to real estate consultants.
Loo Kong Hoe of Rahim & Co (Johor), who spoke at last Monday’s 2014 property outlook briefing of the Malaysian Institute of Estate Agents (MIEA), said that foreign investors tend to buy properties that exceed the updated minimum purchase price, adding that only one out of every five purchases is currently made by an overseas buyer.
February 8, 2014 by Melvin
KUALA LUMPUR: UEM Sunrise Bhd and Kuala Lumpur Kepong Bhd (KLK) are pooling their resources to develop 1,215ha of each other’s landbank in Johor’s Iskandar Malaysia with a total gross development value (GDV) of RM20bil.
This marks plantation giant KLK’s maiden foray as a property developer in Iskandar Malaysia, but it is the second such project for the company’s chief executive officer, Tan Sri Lee Oi Hian.