July 31, 2014 by Melvin
NEW investments in Iskandar Malaysia more than doubled in the second quarter compared with the first three months of the year as the zone’s boom continues to roar along.
The region recorded RM9.72 billion (S$3.8 billion) in new investment in the three months to June 30, bringing the year’s total so far to RM14.56 billion.
That half-year total is on track to equal or surpass last year’s investment figure of RM25.33 billion.
January 6, 2014 by Melvin
Sources told StarBiz, Prime Minister Datuk Seri Najib Tun Razak has approved the creation of the additional nodes, which are expected to be announced this year.
The three nodes are likely to be located in the Eastern Gate Development Zone, the Western Gate Development Zone and Senai-Kulai growth corridor.
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Category IRDA, Iskandar Property, Johor Bahru, Medini, Nusajaya | Tags: competitive economic environment, Comprehensive Development Plan, Eastern Gate Development Zone, iskandar malaysia, Prime Minister, Senai-Kulai growth corridor, Western Gate Development Zone
December 23, 2013 by Melvin
RISING from a former palm plantation, the towering Astaka complex will cast its shadow across the Malaysia-Singapore border by 2017, a symbol for an ambitious development zone linking the two former rival’s econo-mies.
December 12, 2013 by iskandarinsider
LIKE most Malaysians, I must admit that I tend to take things with a grain of salt and need a lot of convincing before I can commit to something.
When I first heard about Iskandar Malaysia back in 2006, there was a fair bit of scepticism. Many of my friends also wondered: “Where and what is Iskandar Malaysia?”
For the next few years, many Johoreans, especially Johor Baru residents, were unsure about what Iskandar Malaysia was, let alone what to make of the ambitious master plan.
Many did not understand that southern Johor would be transformed permanently into a future regional growth region, rivaling the many international cities around the world.
December 5, 2013 by iskandarinsider
The entrance of the first Legoland Malaysia Theme Park in Asia located at Medini, Nusajaya, Gelang Patah in Johor. ABDUL RAHMAN EMBONG /THE STAR[/caption]
KUALA LUMPUR: Malaysia has granted a substantial tax break to a zone in a showpiece investment project near Singapore, a move likely to provide crucial support to a $800 million initial public offering of the area’s developer next year.
The Medini area in the southern state of Johor is the only section of the $30 billion Iskandar Development Region to get an exemption from a 30 percent property gains tax announced in October to cool soaring property prices, government officials said.
Category IRDA, Iskandar Property, iskandar waterfront, Johor Bahru, Khazanah, Legoland, Medini | Tags: eastern & oriental, goldman sachs, ifr, irda, iskandar waterfront, Khazanah, mah sing, maybank, medini, medini iskandar, merrill lynch, mitsui & co, sunway, thomson reuters, united world infrastructure, wct holdings
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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August 26, 2013 by Melvin
JOHOR BAHRU: The Iskandar Regional Development Authority has identified several sites for public housing schemes, said its CEO Datuk Ismail Ibrahim.
He made this assurance after the issue of rising property prices in Iskandar was raised during debates at a recent state assembly meeting.
The schemes, said Ismail, would be located in the Johor Bahru City Centre and at four flagship development zones in Iskandar.
July 19, 2013 by iskandarinsider
PETALING JAYA (July 19, 2013): The pace of new investments coming into Iskandar Malaysia, Johor continued to gain traction with RM7.56 billion worth of projects committed in the second quarter of this year, up 49% from RM5.06 billion in the first quarter.
This brings the total cumulative committed investments since 2006 to RM118.93 billion as of June 30, 2013, said the Iskandar Regional Development Authority (IRDA).
Local investors accounted for RM78.09 billion, or 66%, of the total investments. The remaining RM40.84 billion came from overseas.
“Of the total cumulative committed investments, RM53.73 billion or 45% represent investments that have been realised,” Irda said in a statement yesterday.
Category IRDA, Iskandar Property, Johor Bahru, Legoland | Tags: australia, creative industries, financial services, healthcare, irda, iskandar malaysia, legoland, logistics, singapore, switzerland, tourism