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...
UEM Land
Singapore investors have been snapping up the properties within the Iskandar Development Region (IDR) in the Malaysian state of Johor, according to Malaysian property firm UEM Land. UEM said Singapore investors have so far accounted for 95% of the industrial properties sold on the 24,000-acre plot of land in Nusajaya. The developer said the majority of industrial property interest has come from small and...