Singapore property investors are now moving across the Causeway in search for new opportunities. This has caused residential property prices in Johor's Iskandar region to climb almost four fold since they were launched some 5 years ago. A bungalow in Horizon Hills which cost about RM1 million (S$400,000) about 4 years ago now costs about RM5 million. Meanwhile, land plots for bungalow developments in...
Iskandar Malaysia
Singaporean billionaire investor Peter Lim plans to invest up to three billion ringgit more in Johor's Iskandar region over the next few years. He said he is currently looking at another one or two more projects in the area, but declined to disclose more details. Speaking at the sidelines of a press conference at the World Islamic Economic Forum in Johor Bahru, Mr Lim said his investments would be real...
Ascendas Land International Pte Ltd, a Singapore government-linked company, has set up a joint venture with Malaysia's UEM Land Berhad to develop an integrated eco-friendly tech park in Nusajaya. Nusajaya is one of the five flagship zones in Johor's Iskandar Malaysia. The integrated tech park will be located at Gerbang Nusajaya within the Nusajaya regional city. Ascendas and UEM Land will hold 60...
More than 3,500 Singapore businesses have set up shop across the causeway in Iskandar Malaysia over the past six years, with a cumulative investment of more than RM5 billion as at June 2012. Iskandar Malaysia is a special economic zone in Johor, Malaysia that was launched in 2006. It covers an area of 2,217 square kilometers and is administered by the Iskandar Regional Development Authority, a Malaysian...
The Prime Ministers of Malaysia and Singapore have agreed that the Joint Ministerial Committee should explore more ways to enhance collaboration in Iskandar Malaysia for the mutual benefit of both sides. In a joint statement issued after their retreat meeting, both Mr Najib Razak and Mr Lee Hsien Loong, have directed for a new workgroup on industrial cooperation to be formed under the Joint Ministerial...
The Ascott Limited (Ascott), a wholly-owned subsidiary of CapitaLand, has secured a contract from Nusajaya Consolidated Bhd to manage the Somerset Puteri Harbour Iskandar, its first serviced residence in Iskandar, Malaysia. Scheduled to open in 2013, the 204-unit project will be developed in a new joint venture between Malaysian developers UEM Land Bhd and United Malayan Land Bhd. Somerset Puteri Harbour...
The developer of Medini, the flagship site under Malaysia's Iskandar Development Region in Johor, is stepping up efforts to attract investments. A sales and marketing programme will officially kick off in the first half of 2011, in neighbouring Singapore and one of the key targets will be small and medium enterprises. The company in charge of developing the site, will also look at other ways to boost...
Malaysia's southern economic region Iskandar expects strong investment flow from neighbouring Singapore, despite an expected economic slowdown in the second half of the year. In an interview with Channel NewsAsia, the CEO of Iskandar Investment, Arlida Ariff, said she hopes to ride on improved bilateral ties to woo Singapore investments. Spanning over 2,200 square kilometres, the Iskandar economic region...
A new work group has been formed to study the joint development of an iconic economic project in Iskandar Malaysia. This is a follow-up to the discussions between the prime ministers of Malaysia and Singapore in May this year. They mooted the idea of a bilateral project in Iskandar Malaysia as a showcase of the commitment of both countries to build a strong, productive and enduring relationship. The...
Implementing easy transport links between Singapore and the mega Iskandar Malaysia project is one of the aims of the Joint Ministerial Committee. Iskandar Malaysia's CEO, Harun Johari, said this when asked about the progress of the rail link between Singapore and Iskandar Malaysia. Malaysian Prime Minister Najib Razak, who is in Singapore for an introductory visit, toured the project at Nusajaya before...