July 24, 2014 by Melvin
PETALING JAYA: Sunway Iskandar has sold all its 167 Citrine office suites at the Lakeview precinct in Iskandar Malaysia.
“We are very encouraged with the strong response to our first launch as our buyers liked our approach in providing a holistic range of products to create a community within The Lakeview precinct to live, learn, work, shop and play,” Sunway Bhd joint managing director of property development division for Malaysia and Singapore, Sarena Cheah, said in a statement.
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.
June 19, 2014 by Melvin
Johor’s royal family have emerged as key players in the booming Iskandar property market with major stakes in several developments as well as holdings in related industries.
Some observers have traced their growing involvement to about three years ago – just after Sultan Ibrahim Ismail Sultan Iskandar ascended to the throne in 2010 on the death of his father.
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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
September 23, 2013 by iskandarinsider
SINGAPORE – Singaporeans are streets ahead of any other group of foreigners snapping up property developed by UEM Sunrise at Iskandar Malaysia.
They accounted for 74 per cent of purchases made at the various developments by non-Malaysians.
Most Singaporean buyers are people who go to Johor frequently for business and those wanting a weekend home, said UEM Sunrise chief executive Wan Abdullah Wan Ibrahim on Thursday.
“They buy more of the upmarket products, as foreigners can only buy units that are above RM500,000 (S$195,000), and they have been buying both landed homes and strata developments,” he added at a progress update of the Iskandar projects.
Category Danga Bay, EduCity, Iskandar Property, Johor Bahru, Khazanah, Legoland, Medini, Nusajaya, Puteri Harbour, Temasek Holdings, UEM Land | Tags: east ledang, imperia, Iskandar, Khazanah, mapletree, marina one, NusaJaya, puteri harbour, sunrise, teega, temasek, uem, wan abdullah
August 15, 2013 by iskandarinsider
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.
Category Iskandar Property, iskandar waterfront, Johor Bahru, Khazanah, Medini, REHDA, Singapore, UEM Land | Tags: ascendas, auto city, capital land, danga bay, iskandar malaysia, khazanah nasional, lee hsien loong, lee kuan yew, medini, najib tun razak, peter lim, putrajaya, singapore, tanjong pagar, temasek holdings, uem land
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
June 7, 2013 by iskandarinsider
OVERWHELMING RESPONSE: The buyers of the units will be determined through balloting tomorrow at Traders Hotel
JOHOR BARU: AFINITI Residences Sdn Bhd (ARSB) has received 1,570 applications for its Afiniti Residences project in Medini Iskandar Malaysia in Nusajaya here.
The company said 60 per cent of those who have registered are from Malaysia while the rest are from overseas, with the majority coming from Singapore.
ARSB is a a wholly-owned subsidiary of Pulau Indah Ventures (PIV), which in turn is a 50:50 joint venture between Khazanah Nasional Bhd and Temasek Holdings of Singapore.
Category Iskandar Property, Johor Bahru, Khazanah, Medini, Nusajaya, Puteri Harbour, Singapore, Temasek Holdings | Tags: afiniti, afiniti residences, aqidea, khazanah national, kpmg, medini iskandar, NusaJaya, pulau indah ventures, temasek, traders hotel