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.
January 23, 2014 by iskandarinsider
JOHOR BAHARU, Jan 22 (Bernama) — The property market in Johor Baharu and Iskandar Malaysia has been negatively affected by the cooling measures introduced by the authorities to address rising property prices, says the Real Estate and Housing Developers’ Association of Malaysia (Rehda).
Rehda Johor chairman Koh Moo Hing said potential property buyers in the two areas are now adopting a wait-and-see attitude.
“Feedback from our members (in Rehda Johor) shows that sales are now slowing compared to last year, and we also expect fewer property project launches this year,” he told Bernama here Wednesday.
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 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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November 4, 2013 by iskandarinsider
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.
Category 1Medini, Danga Bay, Iskandar Property, iskandar waterfront, Johor Bahru, Mah Sing, Medini, Meridin, Nusajaya, Puteri Harbour, Singapore, UEM Land | Tags: Avira, casa almyra, country garden, danga island, danga utama, imperia, iskandar waterfront, iwh, medini, meridin, NusaJaya, puteri harbour, senibong cove, sunway iskandar, teega, tropicana danga bay, uem sunrise
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
August 5, 2013 by iskandarinsider
Bill Holman clearly remembers Mimaland, which was already in existence when he began working on Sunway Lagoon back in the late 1980‘s. Rather popular among theme park goers from around Kuala Lumpur due to its giant size swimming pool, the hillside park‘s decline coincided with Sunway Lagoon‘s rise in popularity when the latter began operations in 1992.
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Category Johor Bahru, Legoland, Medini, Nusajaya, Sunway, Theme Park | Tags: aquaventure, atlantis hotel, disneyland, europa park, holman, Iskandar, legoland, medini, NusaJaya, pendas river, sunway, sunway lagoon, theme park, universal studio, vuvuzela
July 30, 2013 by iskandarinsider
KUALA LUMPUR: Mah Sing Group Bhd is launching the final tower, Tower B, of its Meridin Suites Residences in Meridin@Medini integrated development in Nusajaya, Johor, tomorrow.
The developer will simultaneously open The Meridin@Medini’s Property Gallery in Bandar Medini. The gallery will showcase two of Tower B’s show units – 1-bedroom from 521 sq ft and 3-bedroom from 1,064 sq ft.
The developer said in a statement Tower B offers the public a last chance to own a part of the first phase of Meridin@Medini.