Posts Tagged ‘sunway bhd’

  1. $100 Billion Chinese-Made City Near Singapore ‘Scares the Hell Out of Everybody’

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    November 22, 2016 by iskandarinsider

    Project model on display at the Country Garden Forest City Sales Gallery in Johor Malaysia, on Tuesday, Nov. 02, 2016. Photographer: Ore Huiying/Bloomberg

    The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea.

    While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen.

    “These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”

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  2. Investment haven in the making

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    May 9, 2016 by iskandarinsider

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    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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  3. Opportunities in a volatile market

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    April 29, 2016 by iskandarinsider

    THE Malaysian property market has been on a downward slide for the past two years or so. With an uncertain economy and few signs of the property market bouncing back in the near term, are there still opportunities for investors?

    20151027_PEO_SARENA CHEAH, MANAGING DIRECTOR OF PROPERTY DEVELOPMENT DIVISION AT SUNWAY BERHAD_KY

    Sarena Cheah , Sunway Bhd managing director of the Property Development Division for Malaysia and Singapore, believes that property investments have always proved to be resilient across economic cycles and there will still be pockets of opportunities even in weak market conditions.

    “Properties within mature locations that are well served and connected will remain in demand. The completion of new transport infrastructure will add to the excitement of these locations,” says Cheah.

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  4. Sunway Lenang Height

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    May 27, 2013 by iskandarinsider2

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    Sunway Lenang Heights is an exclusive residential development next to Ponderosa Golf & Country Club and Taman Molek. Spread over 88 acres of freehold land, it is a gated development with patrolling security consisting of semi-detached, bungalows, townhouses and condominium homes with lush landscape, thematic park and comprehensive clubhouse facilities.

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  5. Phase 1 of Sunway Iskandar to be launched by end-2013

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    May 23, 2013 by iskandarinsider2

    iskandar 1

    KUALA LUMPUR (May 23, 2013): Sunway Bhd will launch Phase 1 of its Sunway Iskandar project in Medini, Iskandar Malaysia with a gross development value (GDV) of up to RM350 million by early next year, said its CFO Chong Chang Choong.

    The GDV for the entire Sunway Iskandar project is some RM30 billion.

    “What we plan is a mixed integrated development, a 3-in-1 comprising serviced apartments, office suites and a retail podium,” he told reporters at the MIDF Luncheon Talk yesterday.

    The group intends to replicate its Bandar Sunway project success at Sunway Iskandar, with components encompassing an education hub, a theme park, a shopping mall, hotels, offices and hospitals.

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  6. Investors make a beeline for Iskandar’s Medini

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    February 1, 2013 by iskandarinsider

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    Global Capital and Development Sdn Bhd (GCD), one of the development managers for the multi-billion ringgit Medini Iskandar Malaysia project in Johor, is poised to announce a substantial investment for the first phase of Medini’s Media Village.

    GCD chief executive officer Keith Martin said the impending investment will represent a built-up development value in the region of RM1.5 billion over the next three to five years.

    In an e-mail interview with the Business Times recently, he said GCD is seeing more investors coming in offering to buy segments of Medini within its three development zones, namely Medini Business, Medini Living and Medini Lifestyle, totalling 658ha.

    The 142ha Medini Business zone will be the site for Media@Medini media village, business parks and mixed commercial buildings, he said.

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