‘Tourism’ Category

  1. Iskandar: Too many homes, too soon?

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    July 11, 2014 by Melvin

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    Recent news about mega developments in Johor’s Iskandar region has investors asking: Will there be an oversupply of homes? Perhaps. But no one knows for sure because no good data exists.

    It has been touted as an affordable real estate investment destination in an up-and-coming market, an attractive alternative to Singapore’s pricey housing scene.

    But property buyers in Iskandar are now facing two big investor problems: a potential oversupply of homes and an inadequate supply of property data.

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  2. Hilton Worldwide opens second DoubleTree by Hilton in Malaysia

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    July 2, 2014 by Melvin

    Hilton

    JOHOR BAHRU, Malaysia and MCLEAN, Va. – Hilton Worldwide announced the opening of DoubleTree by Hilton Johor Bahru, the second DoubleTree by Hilton branded hotel in Malaysia. Conveniently located in the heart of the up-and-coming Iskandar Region, within Johor Bahru’s Central Business District, the hotel offers ample options for business and leisure guests seeking an upscale, full-service hotel offering and the award-winning service experience for which the DoubleTree by Hilton brand is known.

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  3. Johor MB: We will not approve casino project

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    January 5, 2014 by Melvin

    johor-Menteri-Besar-Datuk-Seri-Mohamed-Khaled-Nordin

    NUSAJAYA: Johor is against the setting up of a casino in the state and it will not approve the project, said Mentri Besar Datuk Mohamed Khaled Nordin.

    He said he did not know where and how the news on the casino project, to be located in a sea-fronting hotel in Johor Baru, had surfaced and described the reports as “mischievous”.

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  4. 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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  5. US Six Flags to invest RM1.5bil in Iskandar theme park in Malaysia

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    January 10, 2013 by iskandarinsider

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    NUSAJAYA: US-based theme park operator Six Flags Entertainment Corp is planning to invest between RM1.2bil and RM1.5bil to set up a theme park in Iskandar Malaysia.

    Sources told StarBiz that the theme park, which will be double the size of Legoland Malaysia and the company’s first theme park in Asia, would offer more than 40 rides.

    According to Wikipedia, Six Flags Entertainment is the world’s largest amusement part corporation based on quantity of properties and the fifth most popular in terms of attendance.

    Update: Six Flags Entertainment Corp (NYSE:SIX) owner and operator of regional theme, water and zoological parks is not expanding to Asia with any investment or involvement in Iskandar, Malaysia.
    http://www.livetradingnews.com/six-flags-entertainment-corp-nysesix-expands-in-asia-100451.htm

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  6. Iskandar now poised to roll in the money

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    January 9, 2013 by iskandarinsider

    With most projects now broken ground or operating, Iskandar Malaysia is in position to rake in the value from investments made
    puteri-harbour-catalyst-developmentWas it a rebranding, the entry of the Singapore government’s own investment vehicles, improved bilateral relations, or the entry of crucial names like Pinewood Studios (of James Bond fame), Legoland, Marlborough College (of Kate Middleton fame), Traders Hotel and the Hello Kitty theme park? Or was it the attractive tax and government incentives, the heating up of the Singapore property market, or just timing in its serendipitous mysterious way? Whatever it is, it seems like the Iskandar Malaysia economic region in southern Johor, since its grand scheme was announced as the South Johor Economic Region about seven years ago, is coming together.

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  7. Singapore tycoon and partners to build RM3b race track in Johor

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    December 2, 2012 by iskandarinsider

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    KUALA LUMPUR, Dec 1 — Singaporean billionaire Peter Lim is bidding to build a RM3 billion race circuit in Iskandar, Johor with the Johor royal family and state asset manager Khazanah Nasional Berhad, the Straits Times reported today.

    The Singapore daily reported that the project, called Motorsports City, is expected to be completed by 2015 or 2016 in Malaysia’s ambitious southern corridor that provides high-end housing and entertainment popular with Singaporeans.

    It quoted sources as saying the race track’s 100-hectare site is located 10 to 15 minutes away from Tuas’ Second Link in the southern state, at the left of a rest stop after the Malaysian checkpoint.

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  8. Puteri Harbour Hello Kitty theme park expects half a million visitors

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    November 1, 2012 by iskandarinsider

    Sanrio Hello Kitty Town in Puteri Harbour Indoor Theme Park

    NUSAJAYA: Some half a million visitors are expected to pass through the gates of the new Puteri Harbour Indoor Theme Park in its first year of operation.

    The RM115mil four-storey indoor theme park, which will be launched early next year, opened its doors to visitors last Friday, offering seven rides including a train, windmill, helicopter and bumper car for both children and adults.

    The theme park also has a floor dedicated to the first Sanrio Hello Kitty Town in the world outside of Japan, where visitors will get a chance to see the cat character’s house complete with furniture and take part in the Black Wonder puzzle maze game.

    Visitors will also get to meet life-sized mascots of HIT Entertainment’s The Little Big Club lovable characters like Bob the Builder, Barney, Angelina Ballerina and Thomas and Friends.

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  9. Expatriates snap up homes in Johos’s Nusajaya area

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    October 29, 2012 by iskandarinsider

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    SOME expatriates working in Singapore have moved to live in Johor’s Nusajaya area, attracted by lower prices of homes and the extra space there.

    They have bought houses to live in and commute to work in Singapore. Many plan to continue working in Singapore for the long haul, but say they moved because their housing allowances were reduced or cut altogether.
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  10. Iskandar Malaysia a magnet for investment

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    October 27, 2012 by iskandarinsider

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    JOHOR BAHARU, Oct 27 — Prime Minister Datuk Seri Najib Tun Razak nailed it when he described Johor as an “investment catchment area” for its attractiveness in drawing in multi-billion ringgit investments which will bring huge benefits to its people.

    Najib’s (picture) off-the-cuff remark when officiating Johor’s Umno function last month bears testimony to the rapid transformation this southern state has undergone during the last few years.

    Speaking in front of the state’s Umno leaders, he had also hinted that another wave of “huge investments” were imminent to the state, without disclosing specific details on the purported deals.
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