November 4, 2013 by iskandarinsider
Builders step up unveiling of new launches amid rising demand, stiff competition
Now considered one of Malaysia’s hottest real estate spots, Iskandar Malaysia has been pulling in developers looking to cash in on the demand for properties there.
Local developers may have had a headstart, but they are now facing stiff competition from larger builders from Klang Valley and beyond Malaysia.
The rivalry has led to a mushrooming of options for buyers. In the next two to three years, thousands of units are scheduled to be completed, given the number of projects launched in the last year or so amid bullish sentiment and robust sales. For example, Afiniti Medini, a mixed-use residential-commercial development, sold 88 units in just 51/2 hours.
Category 1Medini, Danga Bay, Iskandar Property, iskandar waterfront, Johor Bahru, Mah Sing, Medini, Meridin, Nusajaya, Puteri Harbour, Singapore, UEM Land | Tags: Avira, casa almyra, country garden, danga island, danga utama, imperia, iskandar waterfront, iwh, medini, meridin, NusaJaya, puteri harbour, senibong cove, sunway iskandar, teega, tropicana danga bay, uem sunrise
May 23, 2013 by iskandarinsider2
Iskandar Malaysia in Johor is poised to be a sprawling, ultra modern metropolis with an impressive 2,217 sq km growth space. Its strategic location has already attracted some of the region’s most remarkable development projects which will offer the ultimate in urban work and living.
1Medini, the very first high-rise residential towers to be developed in Medini Iskandar Malaysia, will rise from the heart of this superbly stylish, coveted new address.
January 9, 2013 by iskandarinsider
With most projects now broken ground or operating, Iskandar Malaysia is in position to rake in the value from investments made
Was it a rebranding, the entry of the Singapore government’s own investment vehicles, improved bilateral relations, or the entry of crucial names like Pinewood Studios (of James Bond fame), Legoland, Marlborough College (of Kate Middleton fame), Traders Hotel and the Hello Kitty theme park? Or was it the attractive tax and government incentives, the heating up of the Singapore property market, or just timing in its serendipitous mysterious way? Whatever it is, it seems like the Iskandar Malaysia economic region in southern Johor, since its grand scheme was announced as the South Johor Economic Region about seven years ago, is coming together.
Category 1Medini, China, Danga Bay, IIB, IRDA, Iskandar Property, Johor Bahru, Johor Premium Outlet (JPO), Khazanah, Legoland, Medini, Nusajaya, Pinewood Studios, Puteri Harbour, Singapore, Theme Park, Tourism, UEM Land | Tags: horizon hills, IIB, irda, Iskandar, legoland, mah sing, Marlborough College, NusaJaya, pinewood studios, sp setia, uem land, wan abdullah
December 4, 2012 by iskandarinsider
WCT Bhd (WCTB) executive director Choe Kai Keong is excited about the growth prospects for the group’s property development, investment and management businesses in the next decade.
“There are so many things happening. In terms of future projects and plans, we are at very exciting times for the property business,” says Choe. He says that the group has set a target to grow its property businesses to be as signficant as its mainstay construction arm within five years.
“Now, WCT Land is being overshadowed by our construction arm. But in the last few years, we have grown the property business to a substantial size. It is bigger today, compared with when WCT Land was listed (on Bursa Malaysia) from 2004 to 2008,” Choe told StarBizWeek.
WCT Land Sdn Bhd is the property development arm of the group, which is better known for its construction and engineering projects in Malaysia and the Middle East.
November 5, 2012 by iskandarinsider
KUALA LUMPUR (Nov 2): The Medini township in Iskandar Malaysia is attracting foreign direct investments (FDI) from not only Malaysian and Singaporean investors, but also from as far as Japan, gauging by the rate of Japanese owners of the first residential project there, the 1Medini.
1Medini, a mixed commercial project comprising office spaces, retail components and apartments, which is being developed by WCT Bhd’s unit WCT Acre Sdn Bhd on a leased land measuring 18.12 acres, has seen 40% take up by foreign buyers, mostly from Japan, according to Iskandar Investment Bhd’s (IIB) chief executive Datuk Syed Mohamed Syed Ibrahim.
October 20, 2012 by iskandarinsider
KUALA LUMPUR: Iskandar Investment Bhd (IIB), a major player in the development of Nusajaya in Iskandar Malaysia, will restrict the release of land for new projects for now to avoid a potential oversupply of properties.
IIB president and CEO Datuk Syed Mohamed Syed Ibrahim said he believes the planned property projects in Iskandar Malaysia have already reached a critical mass.
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