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.
December 4, 2013 by iskandarinsider
SINGAPORE: Singaporeans seemed undeterred by the recent property tax rules announced by the Malaysian government.
More than half of the 192 indicative bookings for the latest project in Medini Iskandar — Paradiso Nuova — came from Singaporeans.
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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.
Category Coming Soon, IIB, Johor Bahru, Medini | Tags: cosmolane development, empire city, empire subang, IIB, Iskandar, mammoth east west, mammoth empire, mammoth empire holding, medini, medini empire
July 5, 2013 by iskandarinsider
UNIQUE: Pretam explains how Medini Iskandar uses a different mechanism to sell land/property to foreigners who enjoy certain exemptions
Medini Iskandar Malaysia is a world-class approved development of 2,230 acres/96 million sq ft with gross floor area of 182 million sq ft complete with infrastructure. Designed as an international metropolis, it is meant to attract international population and tourists to live within a sustainable development.
Medini, being in one of the flagships in Iskandar Malaysia, located within the Nusajaya Flagship Area, has strong support from the Johor state government. It is envisioned to attract foreign purchasers in hordes.
June 10, 2013 by iskandarinsider
Efforts to transform the Malaysian border zone near Singapore into a bustling commercial corridor appear to be on track after a rocky start.
The zone, known as Iskandar, is emerging as an attractive opportunity that deserves to be on the radar of those considering investment in the new growth centres of Asia.
Iskandar is a 2,216 square kilometre urbanisation project, three times the size of Singapore. Nusajaya, the residential zone at its core, which stares across the water at the Singapore skyline, is just a 45-minute drive from Singapore’s Changi airport. The zone is geared towards a residential metropolis with educational, medical and theme-park infrastructures being used to attract resident migrants from Singapore. Logistics, transport and industrial-related infrastructure is being developed in adjacent zones.
Category China, Danga Bay, IIB, Iskandar Property, Johor Bahru, Johor Premium Outlet (JPO), Khazanah, Legoland, Medini, Nusajaya, Pinewood Studios, Puteri Harbour, SiLC @ Nusajaya, Singapore, UEM Land | Tags: Britain's Marlborough College, coastal highway, NusaJaya
March 23, 2013 by iskandarinsider
ISKANDAR Malaysia, a region of 2,217 sq km just north of Singapore represents an important economic and geographical region for Malaysia.
To Singapore, it is potentially a hinterland, provided conditions are right.
In 2005, the Federal Government of Malaysia in Kuala Lumpur and the state of Johor agreed that there had to be a focused and developmental approach to realise the region’s full potential.
The plan was to eliminate uncoordinated and duplicated development and grow a sustainable metropolis.
Malaysia’s state investment arm Khazanah Nasional was tasked to study this and came up with a conceptual plan which became known as the South Johor Economic Region concept plan.
January 10, 2013 by iskandarinsider
Sources told StarBiz that the theme park, which will be double the size of Legoland Malaysia and the company’s first theme park in Asia, would offer more than 40 rides.
According to Wikipedia, Six Flags Entertainment is the world’s largest amusement part corporation based on quantity of properties and the fifth most popular in terms of attendance.
Update: Six Flags Entertainment Corp (NYSE:SIX) owner and operator of regional theme, water and zoological parks is not expanding to Asia with any investment or involvement in Iskandar, Malaysia.
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
January 7, 2013 by iskandarinsider
JOHOR BAHRU, Jan 4 (Bernama) — More China-based firms are expected to invest in Iskandar Malaysia especially in the property sector in the next two years, according to the Johor Bahru Chinese Chamber of Commerce and Industry.
“They (Chinese investors) are very knowledgeable about Iskandar Malaysia’s potential. Many of them are making preparations to enter the Iskandar Malaysia market in the next two years,” its president Datuk Soh Poh Seng told Bernama here today.
Chinese investors are already buying plots of land of between 100 to 200 acres (40.5 to 80.9 ha.) in Iskandar Malaysia, he said.
January 2, 2013 by iskandarinsider
BASED on the strategic roadmap, 2012 was the tipping point for Iskandar Malaysia and we have reached that as most of the catalytic projects that we planned have been completed.
The next stage of development is to make the Iskandar region a metropolis of international standing, comparable to London, New York, Auckland and Singapore, in a bid to become among the world’s 10 most liveable cities.
The investment put in by the federal government in building new infrastructure and improving existing infrastructure, coupled with catalytic projects, have equated to the current situation we’re seeing in Iskandar Malaysia, which is buzzing with activities.