April, 2016

  1. Opportunities in a volatile market


    April 29, 2016 by iskandarinsider

    THE Malaysian property market has been on a downward slide for the past two years or so. With an uncertain economy and few signs of the property market bouncing back in the near term, are there still opportunities for investors?


    Sarena Cheah , Sunway Bhd managing director of the Property Development Division for Malaysia and Singapore, believes that property investments have always proved to be resilient across economic cycles and there will still be pockets of opportunities even in weak market conditions.

    “Properties within mature locations that are well served and connected will remain in demand. The completion of new transport infrastructure will add to the excitement of these locations,” says Cheah.

    Click to Read Full Article ->

  2. Reaching out to local communities


    April 27, 2016 by iskandarinsider


    JOHOR BAHRU: Iskandar Malaysia Regional Development Authority (Irda) will continue to engage and reach out to the local communities residing within Iskandar Malaysia from time to time.

    Mentri Besar Datuk Mohamed Khaled Nordin said this was important to ensure that the ordinary folk were aware of the progress and development taking place within the economic growth corridor.

    He said continuous efforts must be made by the Iskandar Malaysia stakeholders via their programmes and initiatives tailored for the local communities which would benefit them in the long run.

    “We have to change the perception that Iskandar Malaysia is only about big investments where locals are not benefiting from the influx of domestic and foreign investors,” Mohamed Khaled said.

    He said this following the launch of Iskandar Malaysia Open Day 2016 and the unveiling of its tenth anniversary logo at Komtar JBCC shopping complex here.

    Click to Read Full Article ->

  3. Commercial property development project


    April 26, 2016 by iskandarinsider


    HALAL products may not come across as a lucrative business if you are looking at it from a minuscule perspective ie. a small stall in the laidback countryside. In a broader view, the industry is gargantuan, one that is big business with worldwide demand for halal consumer products reported to be worth some US$2.5 trillion (RM9.8 trillion) in 2015.

    Halal hub in Iskandar

    Now, imagine Malaysia on the world map, with the world’s leading halal bio-based and herbal-based park as the global halal hub right here in Iskandar Malaysia. This is exactly what United Malayan Land Berhad (UMLand) has planned for Johor Halal Park (JHP), situated within the Eastern Gate Development of the said region.

    Click to Read Full Article ->

  4. Developers with exposure in Klang Valley, Penang better options


    April 25, 2016 by iskandarinsider


    KUALA LUMPUR: Maybank Investment Bank Research remains cautious on property exposure in Iskandar Malaysia and prefers developers with exposure in the Klang Valley and Penang.

    It said on Tuesday property transactions in Johor fell 33% on-quarter in 4Q14, underperforming the country (-7%) and other major cities/states such as KL (-12%), Selangor (+2%) and Penang (+8%).

    Johor property prices have weakened 1% on-quarter versus Malaysia’s -0.2%, KL’s -0.9%, Selangor’s -0.1% and Penang’s -0.3%.

    Maybank Research pointed out developers from China have been aggressively accumulating landbank in Iskandar Malaysia.

     Shanghai-based developer Greenland Holdings Group recently acquired 128 acres of freehold land in the south of Bandar Baru Permas Jaya while Country Garden has received the green light from Department of Environment to continue its massive reclamation of 3,425 acres of the Forest City project near the second link.

    “Malaysian developers have scaled back their launches/shifted their product mix to avoid direct competition with the Chinese developers.

    Click to Read Full Article ->

  5. BCB upbeat on Iskandar property outlook


    April 22, 2016 by iskandarinsider


    KLUANG: Batu Pahat-based property developer BCB Bhd is upbeat on the property market outlook in Iskandar Malaysia, Johor.

    Group managing director Datuk Tan Seng Leong pointed out that the large presence of domestic and foreign investors would be able to create demand for residential and commercial properties in the economic corridor.

    Iskandar Malaysia, which was launched a decade ago, continues to attract strong interest from investors worldwide.

    “This momentum will likely continue despite the current challenging economic situation,’’ Tan told StarBiz after the company’s AGM and EGM.

    At the EGM, shareholders approved the company’s proposed share split involving the subdivision of each existing ordinary share of RM1 in the company held by shareholders to be split into two shares of 50 sen each.

    Click to Read Full Article ->

  6. Eco World still positive on Iskandar property outlook


    April 22, 2016 by iskandarinsider


    SINGAPORE: Eco World Development Group Bhd remains upbeat on the property outlook in Iskandar Malaysia despite news reports on the slowdown in the property segment in the economic growth corridor.

    Chairman Tan Sri Liew Kee Sin said Iskandar Malaysia would continue to offer good growth prospects for the company in years to come.

    This is based on the on-track progress and development taking place in the region.

    He said the company would be launching three new projects in Iskandar Malaysia with a combined gross development value (GDV) of RM8.4bil this year.

    “The projects reflect our strong commitment in Iskandar Malaysia and they will keep us busy for the next eight years,’’ Liew told a press conference yesterday.

    Click to Read Full Article ->

  7. Astaka to launch RM6b One Bukit Senyum project this year


    April 21, 2016 by iskandarinsider


    KUALA LUMPUR (April 14): Property developer Astaka Holdings Bhd will be launching its integrated development ‘One Bukit Senyum’ within this year, as it is gearing up for a projected spike in property sales in Johor in the first quarter of next year.

    Chief executive officer Datuk Zamani Kasim said the company has raked up 70% sales at its The Astaka @One Bukit Senyum project, belying the much-touted soft property market at Iskandar Malaysia, Johor.

    “Astaka Holdings is poised and ready for the spike in the first quarter, 2017,” he said, adding the company is well ahead of its projections, with no signs of slowdown.

    One Bukit Senyum, an 11.85-acre development comprising offices located 1km from the Customs, Immigration and Quarantine (CIQ) Complex, high-end retail, 5-star hotels and serviced residences, boasts a gross development value of RM6 billion.

    Click to Read Full Article ->

  8. Data centre planned for Sedenak


    April 21, 2016 by iskandarinsider


    JOHOR BAHRU: The Johor government plans to develop Sedenak, a small town just outside Johor Baru, into a thriving data centre.

    Property developers are predicting demand for houses and commercial space to benefit from the availability of high-paying technology employment in the area.

    “This will be a catalytic project that will definitely accelerate growth in the state, especially in south Johor,’’ Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling told StarBiz.

    Mentri Besar Datuk Mohamed Khaled Nordin recently announced that about 20,000ha in Sedenak would be developed into a data centre similar to Cyberjaya in Selangor.

    The state government, he said, was currently holding talks with several foreign companies on setting up their respective data centres in Johor. The data centre in Sedenak, Khaled said, would be launched by mid-year.

    Click to Read Full Article ->

  9. China investments to lift Malaysia’s outlook


    April 20, 2016 by iskandarinsider


    MALAYSIA’S economic and business outlook looks depressed from official projections and private sector surveys, but this may be lifted by the massive inflow of Chinese funds and investments.

    Chinese Premier Li Keqiang, who promised last November to help embattled Malaysia overcome its economic problems during his official visit to Kuala Lumpur, is seen delivering his promise soon after his return to Beijing.

    The first was the purchase of 1MDB’s energy assets in Edra Global Energy Bhd for RM9.83bil by state-owned China General Nuclear Power Corp in the same month. This was followed by the multi-billion ringgit purchase of a substantial equity stake in Bandar Malaysia by China Railway Construction Corporation on Dec 31.

    Last month, China Railway Engineering Corporation announced its plan to set up its multi-billion regional headquarters in Bandar Malaysia, which will host the main terminal for the planned KL-Singapore High Speed Rail.

    Click to Read Full Article ->

  10. Malaysia – a long-term property play


    April 20, 2016 by iskandarinsider


    MALAYSIA property market has witnessed a post-global financial crisis boom between 2009 and 2013, with prices of housing units in some areas of the country doubling within a few years. To curb the sizzling property sector, the government has introduced a series of cooling measures in the 2014 Budget. These include the upward adjustment of Real Property Gain Tax (RPGT), the revision of the minimum price of residential properties that foreigners can purchase to RM1 million (S$345,595), and the removal of the Developer Interest Bearing Scheme (DIBS) (a similar interest bearing scheme was banned in Singapore in 2009). Also, Bank Negara Malaysia (BNM) instructed the banks to follow stricter guidelines when issuing housing loans.

    Click to Read Full Article ->

Email partner@iskandarinsider.com w/ Your Name, Mobile Number & Project Name that you interested in. We will forward it to our associates to serve you.

Search This Site