‘IRDA’ Category

  1. Iskandar investment boom continues despite OVERSUPPLY risks

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    July 31, 2014 by Melvin

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    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.

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  2. Three new nodes for Iskandar will further boost development of region

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    January 6, 2014 by Melvin

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    JOHOR BAHRU: The Federal Government has agreed to the creation of three more new nodes in Iskandar Malaysia – which now has only one – Medini in Nusajaya.

    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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  3. Iskandar Offers The Best For Singapore, Malaysia

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    December 23, 2013 by Melvin

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    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.

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  4. Iskandar Malaysia comes of age

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    December 12, 2013 by Melvin

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    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.

    It can be argued that most of the explanations were not communicated properly at that time by the Iskandar Regional Development Authority (Irda).

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  5. Iskandar Malaysia comes of age

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    December 12, 2013 by iskandarinsider

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    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.

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  6. Final plan for Singapore-Johor Bahru Rapid Transit System (RTS) link by end of 2014

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    December 7, 2013 by Melvin

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    Johor Bahru, 7th December 2013 – The Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM) Meeting on Transport Matters was held at Horizon Hills Golf and Country Club on 6th December 2013 in Nusajaya, Malaysia.

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  7. Malaysia grants tax break for Medini, a showcase zone near Singapore

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    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 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.

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  8. Medini Iskandar property buyers seem unfazed by impending tax rules

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    December 4, 2013 by iskandarinsider

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    Developers of the latest project in Medini Iskandar, Paradiso Nuova, say they are confident that the Medini properties will be exempted from the new cooling measures.

    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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  9. Several sites in JB and Iskandar flagship zones identified for public housing schemes

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    August 26, 2013 by Melvin

    NusaJaya

    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.

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  10. Investments continue to pour into Iskandar Malaysia

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    July 19, 2013 by iskandarinsider

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    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.

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