Posts Tagged ‘irda’

  1. Iskandar Malaysia: on the edge of glory or a billion-dollar failure?

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    January 20, 2017 by iskandarinsider

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    The Iskandar Malaysia development project was supposed to create an economic powerhouse that bridged the gap between Malaysia and Singapore. Ten years later, businesses have made it their new home but it is leaving investors disappointed.

    By Victoria Wah

    Iskandar Malaysia was once called, “one of the most ambitious development projects in the world.” Begun in 2006 it aimed to turn South Johor into a flourishing economic zone with three million people, 1.46 million jobs, and a gross domestic product of US$93.3 billion by 2025.

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  2. Reaching out to local communities

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    April 27, 2016 by iskandarinsider

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    JOHOR BAHRU: Iskandar Malaysia Regional Development Authority (Irda) will continue to engage and reach out to the local communities residing within Iskandar Malaysia from time to time.

    Mentri Besar Datuk Mohamed Khaled Nordin said this was important to ensure that the ordinary folk were aware of the progress and development taking place within the economic growth corridor.

    He said continuous efforts must be made by the Iskandar Malaysia stakeholders via their programmes and initiatives tailored for the local communities which would benefit them in the long run.

    “We have to change the perception that Iskandar Malaysia is only about big investments where locals are not benefiting from the influx of domestic and foreign investors,” Mohamed Khaled said.

    He said this following the launch of Iskandar Malaysia Open Day 2016 and the unveiling of its tenth anniversary logo at Komtar JBCC shopping complex here.

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  3. Iskandar investment boom continues despite OVERSUPPLY risks

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    July 31, 2014 by Melvin

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    NEW investments in Iskandar Malaysia more than doubled in the second quarter compared with the first three months of the year as the zone’s boom continues to roar along.

    The region recorded RM9.72 billion (S$3.8 billion) in new investment in the three months to June 30, bringing the year’s total so far to RM14.56 billion.

    That half-year total is on track to equal or surpass last year’s investment figure of RM25.33 billion.

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  4. 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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  5. Iskandar Malaysia comes of age

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    December 12, 2013 by iskandarinsider

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    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.

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  6. Malaysia grants tax break for Medini, a showcase zone near Singapore

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    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 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.

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  7. Medini Iskandar property buyers seem unfazed by impending tax rules

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    December 4, 2013 by iskandarinsider

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    Developers of the latest project in Medini Iskandar, Paradiso Nuova, say they are confident that the Medini properties will be exempted from the new cooling measures.

    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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  8. 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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  9. IRDA Eyes Up To Six Theme Parks In Iskandar Malaysia

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    March 25, 2013 by iskandarinsider

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    KUALA LUMPUR, March 25 (Bernama) — Iskandar Regional Development Authority (IRDA) is eyeing up to six international theme parks in Iskandar Malaysia within the next two or three years.

    Its chief executive, Datuk Ismail Ibrahim, said Iskandar Malaysia currently has two theme parks — Legoland Malaysia and Hello Kitty theme park.

    “We are currently in talks with several international theme park companies and we will be making the announcement at the appropriate time.

    “We are not in the position to reveal the names yet as they are still under intend discussions,” he told Bernama on the sidelines of the second Global Free Trade & Special Economic Zones Exhibition and Summit here today.

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  10. What to do before deciding to move to Iskandar Malaysia

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    March 23, 2013 by iskandarinsider

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    ISKANDAR Malaysia, a region of 2,217 sq km just north of Singapore represents an important economic and geographical region for Malaysia.

    To Singapore, it is potentially a hinterland, provided conditions are right.

    In 2005, the Federal Government of Malaysia in Kuala Lumpur and the state of Johor agreed that there had to be a focused and developmental approach to realise the region’s full potential.

    The plan was to eliminate uncoordinated and duplicated development and grow a sustainable metropolis.

    Malaysia’s state investment arm Khazanah Nasional was tasked to study this and came up with a conceptual plan which became known as the South Johor Economic Region concept plan.

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