Iskandar

Peter Lim-linked firm to develop healthcare city in Iskandar

A firm controlled by Singapore billionaire Peter Lim has dropped plans to build a township in Iskandar Malaysia and will instead develop a healthcare city beside the upcoming Thomson Iskandar medical hub. Rowsley, a Singapore-listed real estate company, announced on Tuesday (Sep 22) that it has received “favourable response” from the Johor Head of State to reconceptualise Vantage Bay from a...

Oversupply by China developers sparks uncertainty over Iskandar’s rental yield

The Iskandar region is facing a home supply glut due to a large number of projects led by Chinese developers, which could compress rental yields down the line, said the head of Malaysia’s national representative body for property developers. “Over the past 12 to 18 months, we’ve seen developers from a certain country introducing a lot more units than Malaysian and Singaporean developers usually...

Singapore firms remain upbeat about Iskandar

Despite lingering concerns about shrinking cost advantages and a lack of skilled labour in Iskandar Malaysia, the developers of a new industrial estate have said the special economic zone remains a compelling choice for Singapore companies to expand or relocate to amid land and manpower constraints at home. Nusajaya Tech Park will be the latest addition to the Iskandar economic infrastructure when its...

Property prices in Iskandar expected to stabilise after cooling measures

Property prices in Malaysia's southern Johor economic region, also known as Iskandar, are expected to stabilise following property cooling measures announced in October's budget. With growth averaging 8 per cent a year, Iskandar has attracted over US$40 billion of investment since 2006. Property and manufacturing, accounts for 44 per cent of the total investment. Buoyed by foreign buying, especially...

Johor plans new tax on foreigners buying property

Johor, whose Iskandar region has been a hot favourite with Singaporean investors, plans to impose a tax of 4 to 5 per cent on foreigners who buy property in the state to curb speculative fervour, but analysts say demand from Singapore has already been slowing in recent months amid an increasingly uncertain external environment. Mr Ku Swee Yong, Chief Executive Officer of Singapore-based consultancy...

74% of Nusajaya foreign home buyers are Singaporeans

Singaporeans make up 74 per cent of foreign home buyers in the Nusajaya township in Johor’s Iskandar region, according to Malaysian property developer UEM Sunrise. UEM Sunrise is the master developer of the Nusajaya township. Among its flagship developments in Nusajaya are East Ledang, a garden-themed luxury residential development, and the Teega and Imperia on prime waterfront land in Puteri...

ASME scraps plans to build industrial park for SMEs in Iskandar

The Association of Small and Medium Enterprises (ASME) has scrapped a plan to build an industrial park for SMEs in Malaysia's Iskandar region. However, ASME said it was looking into other ways to help SMEs cope with rising costs in Singapore. Over the past year, many business groups in Singapore have organised trips to Iskandar to explore expansion and relocation opportunities. In December 2012, the...

S’pore companies upbeat about investment prospects in Iskandar

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...

Is Iskandar finally taking off?

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 attracts investment buying of homes

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...

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