Posts Tagged ‘australia’

  1. Raising the bar for homes

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    September 11, 2017 by iskandarinsider

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    ISKANDAR PUTERI: A project featuring waterfront villas in a Caribbean tropical setting, with private berth (dock) and swimming pool to boot, has taken property development sector in the country up a notch.

    Spanning 44.92ha, the Emerald Bay project comprises freehold bungalows, semi-detached and courtyard homes as well as medium-rise condominiums, ideally located along the shore of the Johor Straits.

    The first-of-its-kind project in the country is developed by Haute Property Sdn Bhd, a joint venture between BRDB Developments Sdn Bhd and UEM Sunrise Bhd.

    Haute Property chief executive officer Teh Ku Yong said the project was intricately planned to deliver a premium waterfront living in a nature-inspired sanctuary surrounded by open space, water, sea breeze and lush tropical green landscaping.

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  2. More theme parks planned for Iskandar Malaysia

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    July 26, 2016 by iskandarinsider

    Tee Siew Kiong

    JOHOR BAHRU: Iskandar Malaysia is set to become a regional theme park hub with more theme parks expected to be set up in the country’s first economic corridor.

    State Tourism, Trade and Consumerism committee chairman Datuk Tee Siew Kiong said the growth corridor would have eight theme parks within the next three to five years.

    “Talks are going on between the authorities and theme park operators from other countries planning to set up their theme parks in Iskandar Malaysia,’’ he told StarBiz on Saturday.

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  3. Know the transaction costs and taxes when buying property overseas

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    July 21, 2016 by iskandarinsider

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    PROPERTY transaction costs and taxation are becoming increasingly important considerations for investors. Global consultancy Knight Frank in its recently launched Global Tax Report developed jointly with Ernst & Young revealed that indicative property tax costs can range from as low as 3.5% or 3.6% of the property price in Monaco and Dubai, respectively, to over 30% in Sao Paulo.

    To make comparisons of property taxes and costs in various countries, the analysts assumed that a non-resident investor has a sum of money (US$1 million or US$10 million) to invest in property overseas. The purchase, holding and disposal costs of owning a property over five years were then calculated.

    The report analysed the costs that a foreign individual would have to bear when buying a US$1 million or US$10 million property as an investment, and renting it out over a five-year period.

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  4. Investments continue to pour into Iskandar Malaysia

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    July 19, 2013 by iskandarinsider

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    PETALING JAYA (July 19, 2013): The pace of new investments coming into Iskandar Malaysia, Johor continued to gain traction with RM7.56 billion worth of projects committed in the second quarter of this year, up 49% from RM5.06 billion in the first quarter.

    This brings the total cumulative committed investments since 2006 to RM118.93 billion as of June 30, 2013, said the Iskandar Regional Development Authority (IRDA).

    Local investors accounted for RM78.09 billion, or 66%, of the total investments. The remaining RM40.84 billion came from overseas.

    “Of the total cumulative committed investments, RM53.73 billion or 45% represent investments that have been realised,” Irda said in a statement yesterday.

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