May 23, 2013 by iskandarinsider2
Iskandar Malaysia in Johor is poised to be a sprawling, ultra modern metropolis with an impressive 2,217 sq km growth space. Its strategic location has already attracted some of the region’s most remarkable development projects which will offer the ultimate in urban work and living.
1Medini, the very first high-rise residential towers to be developed in Medini Iskandar Malaysia, will rise from the heart of this superbly stylish, coveted new address.
December 4, 2012 by iskandarinsider
WCT Bhd (WCTB) executive director Choe Kai Keong is excited about the growth prospects for the group’s property development, investment and management businesses in the next decade.
“There are so many things happening. In terms of future projects and plans, we are at very exciting times for the property business,” says Choe. He says that the group has set a target to grow its property businesses to be as signficant as its mainstay construction arm within five years.
“Now, WCT Land is being overshadowed by our construction arm. But in the last few years, we have grown the property business to a substantial size. It is bigger today, compared with when WCT Land was listed (on Bursa Malaysia) from 2004 to 2008,” Choe told StarBizWeek.
WCT Land Sdn Bhd is the property development arm of the group, which is better known for its construction and engineering projects in Malaysia and the Middle East.
November 5, 2012 by iskandarinsider
KUALA LUMPUR (Nov 2): The Medini township in Iskandar Malaysia is attracting foreign direct investments (FDI) from not only Malaysian and Singaporean investors, but also from as far as Japan, gauging by the rate of Japanese owners of the first residential project there, the 1Medini.
1Medini, a mixed commercial project comprising office spaces, retail components and apartments, which is being developed by WCT Bhd’s unit WCT Acre Sdn Bhd on a leased land measuring 18.12 acres, has seen 40% take up by foreign buyers, mostly from Japan, according to Iskandar Investment Bhd’s (IIB) chief executive Datuk Syed Mohamed Syed Ibrahim.
November 3, 2012 by iskandarinsider
The purchase of lease for the land in Medini city in Iskandar was worth RM99.5 million and will be developed into a mixed commercial project comprising office space, retail and apartments over the next five years.
October 20, 2012 by iskandarinsider
KUALA LUMPUR: Iskandar Investment Bhd (IIB), a major player in the development of Nusajaya in Iskandar Malaysia, will restrict the release of land for new projects for now to avoid a potential oversupply of properties.
IIB president and CEO Datuk Syed Mohamed Syed Ibrahim said he believes the planned property projects in Iskandar Malaysia have already reached a critical mass.
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