Plans to raise property tax rates for foreign home buyers in Johor at the end of the year appear not to deter Singaporeans from buying units at the Afiniti Residences in Medini Iskandar Malaysia. It is a joint venture between Khazanah Nasional and Temasek Holdings. Singaporeans made up 25 percent of the buyers. All 147 units were snapped up during Saturday's launch. Malaysians accounted for 72...
Iskandar Malaysia
Afiniti Residences in Medini Iskandar Malaysia, a joint venture between Khazanah Nasional and Temasek, has been sold out on the day of its launch. The developer said 25 per cent of the buyers are Singaporeans and 72 per cent of the buyers are Malaysians. Prices started from RM500,000 for a studio apartment to less than RM1 million for a 2+study unit, or RM850 to RM1,000 per square foot. The...
There has been strong demand from Singapore for a residential development in Iskandar that is being constructed by Pulau Indah Ventures (PIV), a 50:50 joint venture between Temasek and Khazanah Nasional. According to a statement from the developer, out of the 1,570 applications for Afiniti Residences, around 500 have come from Singapore. Afiniti Residences is a 147-unit premium strata residence...
Singapore-based Pacific Star Development has invested in a prime 339,800 sq ft waterfront freehold site in Puteri Harbour, Iskandar Malaysia, to develop an integrated mixed-use project with a gross floor area of about 1.3 million sq ft. Acquired for RM93.3 million (S$38.8 million) from UEM Land, the master developer of Puteri Harbour, Pacific Star plans to develop apartments, SOHO units and a lifestyle...
Singapore companies are still upbeat about investment prospects in Malaysia, especially in the Iskandar region in Johor. With the general election and political uncertainties out of the way, some have said it is also a good time to consider raising their investments. Business relations between Singapore and Malaysia have rarely been on more solid ground. Singapore companies are among the biggest...
Iskandar Malaysia in Johor has been attracting wide media attention of late, with interest peaking in the middle of last month, when the Prime Ministers of Singapore and Malaysia officiated at the launch of several joint projects undertaken by the private sector of both countries. After seven long years and several false starts since it was launched in 2006, is Iskandar finally taking off? Many Singapore...
Iskandar Malaysia, a special economic zone in Johor Bahru, has been in the media spotlight in recent years. It is attracting new investments and there is growing interest in residential properties there as well. Property analysts say the publicity has heightened interest in homes in Iskandar, but buyers should evaluate other options as well. Medini is one of the five flagship zones at Iskandar Malaysia...
The Prime Ministers of Singapore and Malaysia launched two wellness projects in Medini at Iskandar Malaysia and a mixed development project at Danga Bay in Johor Bahru on Tuesday. Fresh from the launch of joint development projects in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak travelled to neighbouring Johor Bahru where the two wellness developments were...
Global Capital & Development (GCD), the lead investor of Medini in Iskandar Malaysia's Nusajaya development zone, says the region has attracted some S$2 billion in investments from Singapore since 2006. GCD says investment from Singapore in Iskandar Malaysia is set to soar; Singapore is already the single largest foreign investor in the region. Link (THM) Holdings, a Singapore developer, is the...
Iskandar Malaysia was launched in November 2006 with the aim of developing the southern Johor region into a strong and sustainable metropolis of international standing. With a total area of 2,217 sq km, the region will have five flagship zones including the Johor Baru City Centre, Nusajaya and Senai-Skudai, and will incorporate work, live and play elements. A number of key projects have been planned to...