‘iskandar waterfront’ Category

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

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    March 19, 2014 by Melvin

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    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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  2. Chinese firm Greenland Group to invest RM3b in Danga Bay

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    March 3, 2014 by iskandarinsider

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    GROWTH: Greenland Group to invest in an integrated real estate development

    JOHOR BARU: ONE of China’s biggest state-owned companies, the Greenland Group is planning to invest RM3 billion in an integrated real estate development project in Danga Bay.

    Its chairman Zhang Yuliang recently led a six-member delegation from its headquarters in Shanghai to finalise a major land deal with Iskandar Waterfront Holdings Sdn Bhd (IWH) for the landmark development.

    Greenland, which was ranked 359 in the Fortune Global 500 company survey last year, is said to be keen to acquire around 60ha of land in the area.

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  3. Iskandar Waterfront Sells $615M to S’pore Firm For $3B Project

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    December 27, 2013 by Melvin

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    The master planner for Danga Bay said in a statement yesterday that it had signed the sale and purchase agreement with Hao Yuan Investment Pte Ltd for six parcels of land, which would be developed by Prstine Sun Properties Sdn Bhd, a 60:40 joint-venture (JV) between Hao Yuan and IWH.

    the price tag of RM 1.6bil works out to a land cost of 20 per cent of the RM8bil gross development value, within the range OF 15 per cent- 20 percent typically paid to a landowner in Malaysia.

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  4. 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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  5. Homebuyers spoilt for choice in Iskandar

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    November 4, 2013 by iskandarinsider

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    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.

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  6. Singapore’s Skyfront Holdings, Iskandar Waterfront in RM700m Danga Bay project

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    September 12, 2013 by iskandarinsider

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    KUALA LUMPUR: Singapore’s Skyfront Holdings Pte Ltd is teaming up with Iskandar Waterfront Holdings Sdn Bhd (IWH) to undertake a RM700mil residential project in Danga Bay in Johor Baru.

    The companies said on Wednesday the development on a 1.4ha (3.48-acre) freehold site would offer 840 condominium units spread over three high-rise blocks overlooking the Straits of Johor.

    The location is a prime waterfront site within Flagship “A” of Iskandar Malaysia and within a 5km radius of the Johor Bahru central business district and the Johor-Singapore Causeway.

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  7. Singaporeans snap up Country Garden Danga Bay units

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    August 22, 2013 by iskandarinsider

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    SINGAPORE: After an elaborate campaign to woo buyers featuring fun-fair rides, fireworks displays and free yacht trips at the showflat site, Country Garden Danga Bay, a condominium development in Johor Baru, has sold over 5,000 of the 7,000 units on offer, with 30 per cent of them snapped up by Singaporeans.

    The project by Chinese developer Country Garden is located in Iskandar Malaysia, some five minutes from the Malaysian immigration checkpoint.

    It features 9,000 units on the waterfront ranging from about 400 sq ft to 1,400 sq ft. There will also be a shopping mall, a man-made beach and six yacht berths.

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  8. Iskandar will continue wooing investments

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    August 15, 2013 by iskandarinsider

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    JOHOR BARU: Unfazed by the negative remarks from Singapore’s Minister Mentor Lee Kuan Yew recently, Iskandar Malaysia will continue to woo investments from real estate companies worldwide.

    According to Johor Real Estate and Housing Developers Association (Rehda) chairman Koh Moo Hing, Lee’s adverse comments on Iskandar Malaysia were inaccurate and did not reflect the real situation at the economic corridor in southern Johor.

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  9. CapitaLand, Temasek and Iskandar to build $3.2b township in Danga Bay, Johor

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    February 25, 2013 by iskandarinsider

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    A DEAL to develop a $3.2 billion waterfront township in Johor was sealed yesterday in yet another major Singapore-Malaysia investment in the Iskandar region.

    The joint venture along Johor’s southern coast is between CapitaLand Malaysia, a subsidiary of Singapore’s listed company CapitaLand, and Temasek Holdings on one side and Malaysia’s Iskandar Waterfront Holdings on the other.

    To be built on a man-made island on Danga Bay, the residential community will occupy 28.9ha on a plot about one-third the size of Gardens by the Bay.

    It will be built in phases over 10 to 12 years and will have high-rise and landed homes, as well as a marina, shopping mall, restaurants, serviced residences, offices and recreational facilities.

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  10. Iskandar Waterfront, CapitaLand ink RM8.1b deal

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    February 24, 2013 by iskandarinsider

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    JOHOR BARU: Iskandar Waterfront Sdn Bhd (IWSB), CapitaLand Malaysia Pte Ltd and Singapore’s state investment arm Temasek signed a “Heads of Agreement” today to jointly acquire and develop parcels of land in Danga Bay here for a planned RM8.1 billion mixed integrated development.

    The deal is considered the biggest entry into Johor’s Iskandar Malaysia by Singaporean investors.

    Today’s signing ceremony, held at the Danga Bay Convention Centre here, was witnessed by Prime Minister Datuk Seri Najib Razak and his Singapore counterpart Lee Hsien Loong.

    Also present was Johor Menteri Besar Datuk Abdul Ghani Othman and Temasek chief executive officer Ho Ching.

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