‘Coming Soon’ Category

  1. Mah Sing expects to maintain sales at RM2.3b in 2016


    April 19, 2016 by iskandarinsider


    KUALA LUMPUR, April 12 — Mah Sing Group Bhd expects to maintain last year’s RM2.3 billion sales target for 2016, spurred by ongoing projects.

    The property developer has at present 35 projects in hand with a gross development value of RM32.85 billion which will keep it busy for the next eight years.

    Group Managing Director and Group Chief Executive Tan Sri Leong Hoy Kum said the group had achieved a commendable sales target of RM2.3 billion in 2015.

    “We are in a good position to meet our 2016 sales target with a wide product range located at key hotspots and attractive pricing,” he told a media briefing at the 12th Invest Malaysia 2016 here today.

    He said the group had achieved about RM408 million in sales as of March 31 this year and despite the shorter working first quarter 2016 due to the festive season.

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  2. Iskandar launches hit by delays


    September 29, 2014 by iskandarinsider

    Launches by Singapore property players in the Iskandar Malaysia development zone appear to have stalled amid a subdued market.

    For instance, CapitaLand said on Tuesday it is “waiting for the relevant regulatory approval for (its) Danga Bay project’s masterplan”. CapitaLand has yet to launch the first phase of its $3.2 billion development there, a high-rise 900-unit condominium being undertaken with joint venture partners.

    In its annual report, it said the project would be “launch ready” this year. A spokesman said the developer has not sought an extension, contrary to a news report on Tuesday. The Straits Times understands CapitaLand’s local partner, Iskandar Waterfront Holdings (IWH), on Tuesday called for a meeting with the Singapore firm to explore how best to expedite the approval. Temasek Holdings is a third partner in the joint venture.

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  3. One more Chinese developer wants a slice of Iskandar


    August 18, 2014 by Melvin

    news 1

    [SINGAPORE] Another Chinese property developer is looking at developing homes in Malaysia’s Iskandar, unfazed by recent negative publicity surrounding some Chinese projects there and a potential avalanche of residential supply in the special economic zone in Johor Bahru.

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  4. Khazanah units in JV to develop ‘smart city’


    July 2, 2014 by Melvin


    Telekom Malaysia Bhd (TM) has entered into a deal with UEM Sunrise Bhd and Iskandar Investment Bhd (IIB) to form a joint venture (JV) company that will offer and operate smart services in Nusajaya, Johor.

    TM will hold a controlling stake of 51% in the JV at a cost of RM31 million.

    Khazanah Nasional Bhd is the major shareholder of UEM Sunrise via its wholly owned subsidiary, UEM Group Bhd, as well as being the major shareholder of TM and IIB, and Khazanah is deemed to be interested in the proposed JV.

    Click to Read Full Article ->

  5. Hilton Worldwide opens second DoubleTree by Hilton in Malaysia


    July 2, 2014 by Melvin


    JOHOR BAHRU, Malaysia and MCLEAN, Va. – Hilton Worldwide announced the opening of DoubleTree by Hilton Johor Bahru, the second DoubleTree by Hilton branded hotel in Malaysia. Conveniently located in the heart of the up-and-coming Iskandar Region, within Johor Bahru’s Central Business District, the hotel offers ample options for business and leisure guests seeking an upscale, full-service hotel offering and the award-winning service experience for which the DoubleTree by Hilton brand is known.

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  6. Country Garden, KPRJ plan massive reclamation development for luxury homes


    March 19, 2014 by Melvin


    PETALING JAYA: China’s Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor (KPRJ) have drawn out plans for a massive reclamation project to build luxury homes near Pendas in southern Johor near Singapore, according to sources.

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  7. Iskandar To Develop Malaysia’s Second F1 Circuit By 2016


    September 27, 2013 by Melvin


    The Strait Times reported that FASTrack Autosports – a joint venture between Singapore tycoon Peter Lim (pic) and the Johor royal family – had decided to upgrade after it found out that the cost was only 10% more than Grade 2.
    Its reported cost is just under US$ 100 million (RM 322.5 million) and is part of a US$ 1.4 billion motorsports hub project by FASTrack and UEM Land of Malaysia.

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  8. 8scape @ Iskandar – Open For Registration


    July 26, 2013 by iskandarinsider

    8scape Iskandar 28scape @ Iskandar is another sterling development by the KIP Group, a leading industry stalwart with many successful and noteworthy developments across the Klang Valley and Johor. The Group is synonymous for quality developments, delivering ahead of schedule and most importantly, providing excellent capital gains & stellar yield returns for their developments!

    • Land: 9.2 acres
    • Freehold
    • 25 Storey
    • Total 4 tower (Now only tower B open for registration)
    • Early Bird VIP Preview Price from RM500 to RM650 psf only

    Click to Read Full Article ->

  9. Water theme park at Legoland opens Oct 21


    July 12, 2013 by iskandarinsider2


    NUSAJAYA: It is safety first, for visitors of the soon-to-be-opened Legoland Water Park here, which will be part of the Legoland Malaysia Resort.Legoland Malaysia general manager Siegfried Boerst told a Press conference here today that the four-hectare water themed park can accommodate up to 1,000 visitors at one time when it opens on Oct 21.

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  10. Mammoth Empire signs joint venture with Iskandar Investment Bhd


    July 8, 2013 by iskandarinsider


    KUALA LUMPUR: Mammoth Empire Holding Sdn Bhd, via its wholly-owned subsidiary Mammoth East West Sdn Bhd, signed a subscription shareholders agreement with Iskandar Investment Bhd subsidiary Medini Land Sdn Bhd to develop a 23.7 acre land in Iskandar.

    The joint venture (JV) with a 60:40 ratio in favor of Mammoth Empire will utilize jv entity Cosmolane Development Sdn Bhd to develop the land which has a gross development value of RM4 billion.

    The mixed development dubbed Medini Empire will offer office towers, hotels, serviced apartments, loft offices, retail spaces, a convention centre, concert hall, cinema and retail shops.

    Construction will begin in early 2015 with an expected completion date in 2018.

    Click to Read Full Article ->

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