November, 2014

  1. House buyers, learn your rights

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    November 27, 2014 by iskandarinsider

    BY WAN SAIFUL WAN JAN: I RECENTLY moved into our new house in Sungai Ramal Dalam. I bought the property back in 2012 and we received the vacant possession in January this year.

    The journey towards moving into this property has not been a smooth one and I thought I should share some of the lessons.

    When I first visited the site in 2012, only the show house was available for viewing. All the other units were blocked off because they were still under construction.

    So the purchase was under the “sell-then-build” scheme. The developer sells a property that is not yet built, and the buyer pays for something depicted by the show unit, but in reality you don’t really know what you will get. The developer advertised it as a gated and guarded community of just 26 houses, and the show unit was quite decent.

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  2. Iskandar Malaysia to have at least 25 hospitals

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    November 17, 2014 by iskandarinsider

    NUSAJAYA: More foreigners, especially from Singapore, are expected to come to Iskandar Malaysia to seek medical treatment with the setting-up of at least 25 hospitals, including private specialists centres by 2016.

    One of the health industry members involved – IHH Healthcare Bhd – has invested over RM400mil for the first phase of its Gleneagles Medini Hospital here.

    Its CEO and managing director Dr Tan See Leng said that the 300-bed hospital, which is set to open its doors to the public by June next year, would have an initial capacity of 148 beds

    “With the setting up of the hospital right at the heart of the Iskandar region here, we hope to attract foreigners, especially Singaporeans to seek medical treatment at our hospital.

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  3. Is the Bubble Going to Burst in Iskandar or Is there a Plan B?

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    November 11, 2014 by iskandarinsider

    [MALAYSIA] For those who have been sticking their fingers in their ears, thinking the property bubble in Iskandar Malaysia is about to burst soon, a recent announcement may make them to take the fingers out. Or is it too soon to heave a sigh of relief?

    Dato’ Sri Najib Tun Razak announced that Iskandar Malaysia has attracted new investments worth a hefty RM25 billion (US$7.5 billion) since January this year. The Prime Minister who is also the Finance Minister says in his facebook entry on Thursday (Nov 6): “In committed investments alone, the economic zone in Johor has secured RM156.51 billion (US$47 billion) since 2006, of which 51 per cent or RM79.17 billion (US$23.8 billion) has been realised to date.”

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