Posts Tagged ‘rapid transit system’

  1. Iskandar property outlook seen positive

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    February 15, 2017 by iskandarinsider

    Iskandar-Malaysia-city

    JOHOR BARU: IJM Land Bhd sees Iskandar Malaysia as the next growth centre in the country after the Klang Valley with good growth prospects in the long term.

    Nasa Land Sdn Bhd general manager Lim Hock Seng said the development and progress taking place in the country’s first economic growth corridor was a testimony to what’s right about the growth corridor.

    He said the influx of domestic and foreign investors and new residents in south Johor would create new job opportunities as well as demand for residential and commercial properties.

    “Iskandar Malaysia will continue to drive economic growth in south Johor and we are still upbeat that the property outlook remains positive,’’ Lim told StarBiz at the company’s Chinese New Year open house here yesterday.

    Nasa Land Sdn Bhd is a strategic partnership between IJM Land and JKG – the developer of NasaCity – a multi-million ringgit mixed development project located along the North-South Expressway (NSE).

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  2. On cloud nine

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    August 23, 2016 by iskandarinsider

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    LOCATED in the heart of Johor Bahru town, under the Iskandar Malaysia flagship (Zone A) earmarked as an upcoming CBD area, is Setia Sky 88. Noted as the most elevated residential development in Johor, the project under S P Setia consists of freehold luxury serviced apartments build to reflect “Life in the Clouds”.

    ON TIME AND IN STYLE
    Setia Sky 88 comes with a GDV of RM800 million. The project is said to incorporate one of the tallest residential and iconic buildings in Iskandar, consisting of 55 levels. There are three residential towers in its design – Altus, Sora and Nube. They offer 838 residential units that come with a wide range of exquisite and exclusive facilities and amenities.

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  3. Investment haven in the making

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    May 9, 2016 by iskandarinsider

    07bt00ism.transformed

    KUALA LUMPUR: Iskandar Malaysia in Johor is moving closer towards becoming a sustainable “international metropolis”, and spurring economic developments that actuate Malaysia’s global potential.   Analysts and industry observers are unanimous in that the business region is poised to be a haven for investments. After being left behind by property booms in Kuala Lumpur, Penang, Hong Kong and China over the years, Iskandar Malaysia is set to be one of the world’s fastest growing economic regions in the next 10 years. According to Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim, the economic region, which is three times bigger than Singapore, had accumulated a total of RM202.45 billion in committed investments from 2006 until March. “Of the total, 51 per cent, or RM103.50 billion, represents investments that have been realised,” he told Business Times. Ismail said foreign investors contributed RM81.01 billion, or 40 per cent, to the total cumulative committed investments, while the remaining 60 per cent, or RM121.44 billion, was from local investors. PropertyGuru Malaysia country manager Sheldon Fernandez said many quarters’ perception of Iskandar Malaysia in the past was somewhat misguided. “The success of Iskandar Malaysia should not be viewed purely from the performance of its property market in the short term, but rather on a longer 10 to 20-year horizon and must include all its other components — industrial, commercial, business, foreign investments, technology and innovation,” he said. Sheldon added that the rise of Iskandar Malaysia should be viewed from how it transformed the landscape — bringing with it socio-economic prosperity to Johor and the southern region, with property forming only a part of the picture. “Such developments don’t happen overnight.

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  4. Malaysia-Singapore Rapid Transit System feasibility study to be ready soon

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    November 17, 2012 by iskandarinsider

    JOHOR BARU: Malaysia and Singapore have a year starting from next month to make their decision on the Malaysia-Singapore Rapid Transit System (RTS) link project.

    Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said the feasibility study on the project would be completed by the end of this month.

    He said phase one of the joint-engineering study would focus on the various alignments, customs, immigration and quarantine-related matters and multimodal terminal locations and other critical perimeters.

    “Although both countries have a year to discuss the matter, they don’t really have to wait to complete the cycle before making the announcement,” Ismail told StarBiz.

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