Not going to be so soon as this rumor has been around for almost a year already.
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Living in JB 3 (Johore)
- Thread starter wuqi256
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Not going to be so soon as this rumor has been around for almost a year already.
This rumour gets surfaced every now and then just like the 30k levy. I heard a different version from somebody that goes like this: Singaporean buying less one mil must get concession which is granted minimum after 6 months. What concession???
This story about security guard, estate worker, contractors, postman be the "tour guide" for robber has been an old story. Is there any recent incidents and a which locations you come across so that we can be more careful?
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There are many rumours out there, from foreigners cannot buy houses to you cannot get loan or car loan. Even the more ridiculous ones like one can only get a loan up to 8 years for foreigners, etc or one can only borrow up to 20%.
There are as yet no firm date on the changes to the 500k rule or the levy for now that i know. The only issue is that there are many experts out there and thus a lot of misinformation.
Old news from 2011:
http://www.maycham.com/phocadownload/osk/malaysia_market_strategy_26jan2011.pdf
Latest link is here since FIC has been disbanded (Many experts still tell me they have friends in FIC yet didn't know they were reorganized into different areas since 2009):
Economic Planning Unit
http://www.epu.gov.my/c/document_li...7a3-743c-4152-aebb-d2bcfb6ee46e&groupId=34492
Any time you hear anything "interesting", just go to www.epu.gov.my and check with the source.
Source:
http://www.propertyguru.com.my/prop...ange-to-minimum-property-price-for-foreigners
By Farah Wahida:
The government has no plans to raise the RM500,000 minimum property price for foreigners, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.
While the ministry had considered increasing the minimum price, it discovered that foreign buyers accounted for less than 10 percent of the overall transactions, with Singaporeans making up about five percent.
Nonetheless, “the government may review the ceiling price in future,” he noted, adding that the base price is a bit low considering the present circumstances.
Meanwhile, Malaysia is quickly becoming South East Asia’s education hub, attracting many parents from the region, especially in China, to buy houses in the country for their children, said Chor.
However, “property buyers should see the properties personally instead of making their decision solely on online information,” he told the media after launching a new property portal called Malaysia.SouFun.com.
“We’ve received many reports about false promises and advertisements for online purchases of other products.”
Hence, buyers are advised to visit Malaysia and view the properties to make sure that everything is alright. Moreover, developers can also set-up tours for buyers to view their properties, he added.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
http://www.propertyguru.com.my/prop...ange-to-minimum-property-price-for-foreigners
By Farah Wahida:
The government has no plans to raise the RM500,000 minimum property price for foreigners, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.
While the ministry had considered increasing the minimum price, it discovered that foreign buyers accounted for less than 10 percent of the overall transactions, with Singaporeans making up about five percent.
Nonetheless, “the government may review the ceiling price in future,” he noted, adding that the base price is a bit low considering the present circumstances.
Meanwhile, Malaysia is quickly becoming South East Asia’s education hub, attracting many parents from the region, especially in China, to buy houses in the country for their children, said Chor.
However, “property buyers should see the properties personally instead of making their decision solely on online information,” he told the media after launching a new property portal called Malaysia.SouFun.com.
“We’ve received many reports about false promises and advertisements for online purchases of other products.”
Hence, buyers are advised to visit Malaysia and view the properties to make sure that everything is alright. Moreover, developers can also set-up tours for buyers to view their properties, he added.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
There is an obscure wanton mee noodle store for those who are keen. Its at the other row of the S11 coffeeshop and near the other side and next to a bak kut teh place which isn't bad by the way. The wanton mee is pretty nice and is the thin noodle type. They have fried wanton as well.
Attended the wedding of one of my staff today, interesting how they conduct this here. The neighbours are really helpful and cooperative, one house will host the speakers and emcee, the other for cooking, yet another for storage while their own one will be the one used for the groom and bride to be hosted. Really colourful and eye opener especially for the family. I have attended at least 11 weddings done in open area but it was a good cultural experience for them.
The beauty of kampong life and away from the hustle and bustle of city life.
Looks like you are soaking in the culture, bro.
Really envious!
Thank you sir, really appreciative of how they are.
Folks helping each other, we even thought that these must be relatives until we saw one house that is from a different race. All helping out and such a mix of races there eating and chatting.
Quite a few chaps did come to me, shook my hand and asked me who i was, i just said i was working in the same company as the bride.
Stay in Kampong Glam in the 70s when I am still a small boy. Friends will come to my shophouse and whistle for me to go out and play.
I still remember my mother bring a cane to look for me in the playground while I am busy catching tadpole.
My kids will not have this type of childhood. But can a community in gated community can create such environment?
Time to hunt for a land property......I guess.
I still remember my mother bring a cane to look for me in the playground while I am busy catching tadpole.
My kids will not have this type of childhood. But can a community in gated community can create such environment?
Time to hunt for a land property......I guess.
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As this couple of weeks is the Qing Ming period, i urge folks to buy your joss paper here. There is one shop in Perling, right besides Yews Cafe and they offer discounts for bulk purchases. Went to buy some yesterday and there was a chap who bought at least 1000 RM worth and got 6 cars there at one go.
They even have an Osim replica massage chair but i was told that there are no electricity down there. (Kudos to the first intrepid manufacturer to manufacture a power station or generator.
For those who have a different religion, think of visiting the graves or the columbarium as visiting an old folks in the old age home or visiting an orphanage. Unknown to my relatives and even my dad, i used to drive to visit my great grandfathers grave or my grandfathers one and just sat there talking to them.
The great grandfather i never met and the grand father i dearly missed. Never got a chance to prove to him that his "silly little boy" has grown up. I swore off beef from the day he passed on even though that was one of my favourite food. Been more than 16 years now. Though i still have a living grandmother, she basically hates my dad and scolds us every time we want to visit her even using dogs as an excuse for us not to visit.
Bought some extra stuff, for the aunt and uncle that i never got to see (they died at childbirth or still born) and for my son and daughter that didn't make it into this world. Drove in with a car full of stuff and accessories for them. The customs waved me through when they looked in the boxes and when one asked me one box with kids toys and accessories, i told her it was for my children.
She waved me on.
They even have an Osim replica massage chair but i was told that there are no electricity down there. (Kudos to the first intrepid manufacturer to manufacture a power station or generator.
For those who have a different religion, think of visiting the graves or the columbarium as visiting an old folks in the old age home or visiting an orphanage. Unknown to my relatives and even my dad, i used to drive to visit my great grandfathers grave or my grandfathers one and just sat there talking to them.
The great grandfather i never met and the grand father i dearly missed. Never got a chance to prove to him that his "silly little boy" has grown up. I swore off beef from the day he passed on even though that was one of my favourite food. Been more than 16 years now. Though i still have a living grandmother, she basically hates my dad and scolds us every time we want to visit her even using dogs as an excuse for us not to visit.
Bought some extra stuff, for the aunt and uncle that i never got to see (they died at childbirth or still born) and for my son and daughter that didn't make it into this world. Drove in with a car full of stuff and accessories for them. The customs waved me through when they looked in the boxes and when one asked me one box with kids toys and accessories, i told her it was for my children.
She waved me on.
Confirm plus guarantee have, my kampong here now.
What a heartwarming story, Wuqi. This is indeed what the Malays call semangat gotong-royong (the spirit of helping one another)
yes , used to be very nice with fatty char siew n QQ noodles but i noticed the char siew n noodles standard dropped as I asked e lady boss , she says ppl complained abt the fats in it ..... i just went there last sat while waiting for the car to be ready ...
What a heartwarming story, Wuqi. This is indeed what the Malays call semangat gotong-royong (the spirit of helping one another)
Thank you Mummymoo, picture to share of the proceedings yesterday. Blanked out the dashing groom and beautiful bride's face for their privacy.
Attachments
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Landed home prices continue to rise
Your window to Malaysia
Monday, 1 April 2013
Font-size: A | A | A
by Lam Jian Wyn of The Edge Malaysia on Sunday, 31 March 2013 16:00
RESIDENTIAL property values on the secondary market in Johor Baru continued to grow in 4Q2012 with gains typically ranging from 5% to 8% from the previous quarter, according to The Edge-KGV International Property Consultants Johor Baru housing property monitor for 4Q2012.
Growth is expected to continue as new components within Iskandar Malaysia, such as Pinewood Malaysia Studios, open. Pinewood Studios will generate some 1,500 job opportunities in various film pre-production lines, while other newly-opened projects such as the Legoland and Puteri Harbour Family Theme Park gain traction as tourist attractions, KGV International executive director Samuel Tan tells City & Country.
In the Nusajaya/Skudai area, 2-storey terraced houses and 2-storey semi-detached homes in most of the schemes sampled recorded higher values. For instance, 2-storey houses in Horizon Hills appreciated by 8.33% to RM650,000 from RM600,000 in 3Q while prices of semidees inched up 3.53% q-o-q to RM880,000 from RM850,000.
Nusa Idaman 2-storey terraced house prices averaged RM540,000, up 8% q-o-q from RM500,000, while Taman Sutera Utama home values rose slightly by 2.2% to RM460,000 from RM450,000. Two-storey semidees in Taman Bukit Indah saw their values increased by 5.55% to RM950,000 from RM900,000.
At the Tebrau/Kempas area, 2-storey terraced houses in all schemes except Austin Perdana — where homes appreciated by 6.25% q-o-q to RM340,000 from RM320,000 — maintained their values. Semidees fared much better in the area, with most schemes registering growth. For instance, homes in Austin Heights increased by as much as 7.7% to RM700,000 from RM650,000 in the last quarter, while homes in Taman Gaya also rose 7.7% to RM550,000 from RM520,000. Meanwhile, values of semidees in Adda Heights grew by 5.77% to RM550,000.
Meanwhile, all high-rise homes covered in the monitor maintained their values this quarter, being less sought after than new launches which have seen decent take-ups, says Tan.
Rents remained the same, translating into a slight decline in yields for homes where property values grew. However, Tan expects rents to grow as new catalytic projects such as Pinewood Malaysia Studios in Iskandar open circa 3Q.
Significant launches
According to Tan, there were several noteworthy launches in the last six months. Most of these were serviced apartments, which are fast becoming the norm in prime locales such as Puteri Harbour in Nusajaya and even suburbs such as Kempas Utama.
Some notable launches were Teega@Puteri Harbour, D'Inspire Residences at Nusa Bestari in Nusajaya, One Danga at Danga Bay, Wateredge Apartments at Senibong Cove, Midori Green at Austin Heights, Twin Residences, Maya Heights in Johor Baru, and D'Summit in Johor Baru.
Wateredge Apartments, the first high-rise homes in Senibong Cove developed by Australian company Walker Corporation, saw about 80% of its first release — 390 units with sizes from 455 to 2,702 sq ft with two penthouses at over 4,000 sq ft — taken up, with prices from RM455 to RM530 psf.
Meanwhile, other projects in the suburbs that did well were Mahabuilders Bhd's Nusa Heights. Its first two blocks, which featured a total 364 units from 509 to 2,471 sq ft, were priced from RM202,000 to RM1.5 million.
This is becoming a trend among younger people, especially since 1-storey and 2-storey terraced houses in the suburbs are becoming quite expensive," says Tan.
For instance, a 1-storey house in the suburbs will now cost RM250,000 on average, compared with RM160,000 three years ago. Meanwhile, a 2-storey house is priced at almost RM400,000, compared with RM250,000 three years ago.
The Singapore factor
Singapore initiated seven rounds of cooling measures to lower its property prices. These include higher stamp duties, a lower loan margin for those buying subsequent properties, higher cash down payment, limitations on mortgage service ratio for HDB flat purchases, restrictions on permanent residents subletting entire HDB units and owning any HDB units after acquiring private properties, as well as a cap on floor areas and dual key sales for executive condos.
"Round six was implemented in 2H2012 but property prices in Singapore continued to increase. With round seven implemented, the cooling effect will be felt.Those who are interested in property investment will look at Iskandar. This applies to Singaporeans and foreigners who used to invest in the republic. The effect was felt in recent launches where these investors often say the policy changes in Singapore have taken away the glitter of investing there. Iskandar Malaysia is now a target market due to its relatively lower price and potential upside," Tan says.
The last six months proved to be an eventful period for Iskandar Malaysia. The high-growth corridor drew RM105.14 billion in investments as at Dec 31 last year, with 63% of the investments from local companies while the remainder came from foreign companies.
The other is a RM3.5 billion motorsport city that will be jointly undertaken by FASTrack Autosports Pte Ltd and UEM Land on a 70:30 basis. It will come up on a 270-acre tract in the township.Property accounted for the largest slice of the pie at RM35.1 billion, followed closely by manufacturing (RM33.9 billion). Other sectors include utilities (RM9.5 billion), government (RM7.3 billion), petrochemicals and logistics (RM5.7 billion), port and logistics (RM3.7 billion), tourism (RM2.1 billion), education (RM1.6 billion), and creative industries (RM400 million). Other sectors attracted RM4.2 billion.
Iskandar now aims to pull RM15 billion to RM21 billion worth of investments this year.
The real estate sector witnessed a number of high-profile land deals inked with national and regional property players. In December, China's Country Garden (Holdings) Ltd signed an agreement with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy 55 acres of land from the latter for RM900 million. This deal is huge not only because of its size, but also because it was the first time IWH had sold land to a third party without taking a stake in the development.
The land will be developed into a marina and marina club, hotel, serviced apartments, offices and commercial development with an estimated gross development value (GDV) ranging from RM10 billion to RM18 billion.
"This is an endorsement from one of the largest real estate companies in China on the viability of Iskandar. It will usher in more regional and global real estate players into Iskandar. To date, most of the investors and developers are locals who are familiar with the property market here. Country Garden's participation will showcase that Iskandar is ready for a wider market," says Tan.
UEM Land Holdings Bhd, meanwhile, signed two contracts for some massive projects within its 9,308ha Gerbang Nusajaya township. The first was an MoU with Chinamall Holdings Pte Ltd to develop China Mall, a RM562 million trade and exhibition centre on a 12.94-ha site. With a gross floor area of 1.4 million sq ft, the centre is expected to feature 3,000 Chinese traders offering a variety of consumer products.
"The proposed development is intended to be a Motorsport City consisting of components such as showrooms, automotive retail, workshop, test track, go-kart track and all other automotive related trades and activities with emphasis on 4S, namely sales, service, spare parts and system," said the group in a statement.
Tan says: "These two developments will be catalytic in enhancing the growth of the Nusajaya area. It also signals that Nusajaya is now positioning itself beyond housing into value-added developments. These projects will obviously add to the value and appeal of Nusajaya as a place to live, work and invest."
In January, Sunway Bhd acquired a further 300 acres of land from Iskandar Investment Bhd for RM183.88 million. The site is located east of the Western Pendas South Land and will be developed into a mixed-use development worth an estimated RM6 billion.
This acquisition will boost the group's landbank there to 1,858 acres, making it among the biggest landowners in Iskandar.
This is on top of acquisitions and developments announced by other Klang Valley-based developers such as Mah Sing Group Bhd, UM Land Bhd, Distinctive Ace Sdn Bhd and B&G Capital Resources Sdn Bhd. All these companies had signed deals with Iskandar Investment to acquire land in Medini Iskandar for mixed-use developments with a GDV north of RM1 billion in 4Q.
"The entry of the largest Malaysian property players signal that Iskandar, apart from the Klang Valley and Penang, will be the next region that will see the emergence of iconic and modern living. Designs and pricings will no longer be similar to the old regime," says Tan.
February also proved to be an eventful month in Johor. A slew of landmark deals were signed after the brief Chinese New Year lull, the biggest one undoubtedly being the Kuala Lumpur-Singapore high-speed rail.
The 350km rail will cut travel time between Kuala Lumpur and Singapore to 90 minutes. Currently, the journey takes about four hours by car or almost an hour by aeroplane, excluding check-in time.
According to Transport Minister Datuk Seri Kong Cho Ha, the five possible stops between Kuala Lumpur and Tuas in Singapore are Ayer Keroh in Melaka, Seremban in Negri Sembilan, Batu Pahat and Muar in Johor, and Iskandar Malaysia.
On the same day the high speed rail was announced, Temasek Holdings and its unit CapitaLand Malaysia Pte Ltd signed a joint-venture agreement with IWH to acquire a 71.4-acre land parcel for RM811 million, to be transformed into an integrated development worth RM8.1 billion.
Earlier in October, GLC Ascendas Land International Pte Ltd had embarked on a joint-venture agreement with UEM Land to develop an integrated eco-friendly tech park in Gerbang Nusajaya valued at RM3.7 billion.
It will come up on a strategically-located 519-acre freehold tract that is linked to not only a wide network of main roads and highways but is also the nearest industrial site to the Second Link checkpoint. The park will be designed to support various industries including fast-moving consumer goods (FMCG), food processing, pharmaceuticals and medical apparatus, electronics, general engineering, precision engineering and plots for customised facilities.
The high-speed rail culminates a host of investments from the island republic into Iskandar, which Tan says is testament of the symbiotic relationship between Malaysia and Singapore.
"There is no denying that 2013 will be a major milestone for Iskandar, which has passed the stage of infancy when there were doubts over its success."
This story first appeared in The Edge weekly edition of Mar11-17, 2013.
Your window to Malaysia
Monday, 1 April 2013
Font-size: A | A | A
by Lam Jian Wyn of The Edge Malaysia on Sunday, 31 March 2013 16:00
RESIDENTIAL property values on the secondary market in Johor Baru continued to grow in 4Q2012 with gains typically ranging from 5% to 8% from the previous quarter, according to The Edge-KGV International Property Consultants Johor Baru housing property monitor for 4Q2012.
Growth is expected to continue as new components within Iskandar Malaysia, such as Pinewood Malaysia Studios, open. Pinewood Studios will generate some 1,500 job opportunities in various film pre-production lines, while other newly-opened projects such as the Legoland and Puteri Harbour Family Theme Park gain traction as tourist attractions, KGV International executive director Samuel Tan tells City & Country.
In the Nusajaya/Skudai area, 2-storey terraced houses and 2-storey semi-detached homes in most of the schemes sampled recorded higher values. For instance, 2-storey houses in Horizon Hills appreciated by 8.33% to RM650,000 from RM600,000 in 3Q while prices of semidees inched up 3.53% q-o-q to RM880,000 from RM850,000.
Nusa Idaman 2-storey terraced house prices averaged RM540,000, up 8% q-o-q from RM500,000, while Taman Sutera Utama home values rose slightly by 2.2% to RM460,000 from RM450,000. Two-storey semidees in Taman Bukit Indah saw their values increased by 5.55% to RM950,000 from RM900,000.
At the Tebrau/Kempas area, 2-storey terraced houses in all schemes except Austin Perdana — where homes appreciated by 6.25% q-o-q to RM340,000 from RM320,000 — maintained their values. Semidees fared much better in the area, with most schemes registering growth. For instance, homes in Austin Heights increased by as much as 7.7% to RM700,000 from RM650,000 in the last quarter, while homes in Taman Gaya also rose 7.7% to RM550,000 from RM520,000. Meanwhile, values of semidees in Adda Heights grew by 5.77% to RM550,000.
Meanwhile, all high-rise homes covered in the monitor maintained their values this quarter, being less sought after than new launches which have seen decent take-ups, says Tan.
Rents remained the same, translating into a slight decline in yields for homes where property values grew. However, Tan expects rents to grow as new catalytic projects such as Pinewood Malaysia Studios in Iskandar open circa 3Q.
Significant launches
According to Tan, there were several noteworthy launches in the last six months. Most of these were serviced apartments, which are fast becoming the norm in prime locales such as Puteri Harbour in Nusajaya and even suburbs such as Kempas Utama.
Some notable launches were Teega@Puteri Harbour, D'Inspire Residences at Nusa Bestari in Nusajaya, One Danga at Danga Bay, Wateredge Apartments at Senibong Cove, Midori Green at Austin Heights, Twin Residences, Maya Heights in Johor Baru, and D'Summit in Johor Baru.
Wateredge Apartments, the first high-rise homes in Senibong Cove developed by Australian company Walker Corporation, saw about 80% of its first release — 390 units with sizes from 455 to 2,702 sq ft with two penthouses at over 4,000 sq ft — taken up, with prices from RM455 to RM530 psf.
Meanwhile, other projects in the suburbs that did well were Mahabuilders Bhd's Nusa Heights. Its first two blocks, which featured a total 364 units from 509 to 2,471 sq ft, were priced from RM202,000 to RM1.5 million.
This is becoming a trend among younger people, especially since 1-storey and 2-storey terraced houses in the suburbs are becoming quite expensive," says Tan.
For instance, a 1-storey house in the suburbs will now cost RM250,000 on average, compared with RM160,000 three years ago. Meanwhile, a 2-storey house is priced at almost RM400,000, compared with RM250,000 three years ago.
The Singapore factor
Singapore initiated seven rounds of cooling measures to lower its property prices. These include higher stamp duties, a lower loan margin for those buying subsequent properties, higher cash down payment, limitations on mortgage service ratio for HDB flat purchases, restrictions on permanent residents subletting entire HDB units and owning any HDB units after acquiring private properties, as well as a cap on floor areas and dual key sales for executive condos.
"Round six was implemented in 2H2012 but property prices in Singapore continued to increase. With round seven implemented, the cooling effect will be felt.Those who are interested in property investment will look at Iskandar. This applies to Singaporeans and foreigners who used to invest in the republic. The effect was felt in recent launches where these investors often say the policy changes in Singapore have taken away the glitter of investing there. Iskandar Malaysia is now a target market due to its relatively lower price and potential upside," Tan says.
The last six months proved to be an eventful period for Iskandar Malaysia. The high-growth corridor drew RM105.14 billion in investments as at Dec 31 last year, with 63% of the investments from local companies while the remainder came from foreign companies.
The other is a RM3.5 billion motorsport city that will be jointly undertaken by FASTrack Autosports Pte Ltd and UEM Land on a 70:30 basis. It will come up on a 270-acre tract in the township.Property accounted for the largest slice of the pie at RM35.1 billion, followed closely by manufacturing (RM33.9 billion). Other sectors include utilities (RM9.5 billion), government (RM7.3 billion), petrochemicals and logistics (RM5.7 billion), port and logistics (RM3.7 billion), tourism (RM2.1 billion), education (RM1.6 billion), and creative industries (RM400 million). Other sectors attracted RM4.2 billion.
Iskandar now aims to pull RM15 billion to RM21 billion worth of investments this year.
The real estate sector witnessed a number of high-profile land deals inked with national and regional property players. In December, China's Country Garden (Holdings) Ltd signed an agreement with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy 55 acres of land from the latter for RM900 million. This deal is huge not only because of its size, but also because it was the first time IWH had sold land to a third party without taking a stake in the development.
The land will be developed into a marina and marina club, hotel, serviced apartments, offices and commercial development with an estimated gross development value (GDV) ranging from RM10 billion to RM18 billion.
"This is an endorsement from one of the largest real estate companies in China on the viability of Iskandar. It will usher in more regional and global real estate players into Iskandar. To date, most of the investors and developers are locals who are familiar with the property market here. Country Garden's participation will showcase that Iskandar is ready for a wider market," says Tan.
UEM Land Holdings Bhd, meanwhile, signed two contracts for some massive projects within its 9,308ha Gerbang Nusajaya township. The first was an MoU with Chinamall Holdings Pte Ltd to develop China Mall, a RM562 million trade and exhibition centre on a 12.94-ha site. With a gross floor area of 1.4 million sq ft, the centre is expected to feature 3,000 Chinese traders offering a variety of consumer products.
"The proposed development is intended to be a Motorsport City consisting of components such as showrooms, automotive retail, workshop, test track, go-kart track and all other automotive related trades and activities with emphasis on 4S, namely sales, service, spare parts and system," said the group in a statement.
Tan says: "These two developments will be catalytic in enhancing the growth of the Nusajaya area. It also signals that Nusajaya is now positioning itself beyond housing into value-added developments. These projects will obviously add to the value and appeal of Nusajaya as a place to live, work and invest."
In January, Sunway Bhd acquired a further 300 acres of land from Iskandar Investment Bhd for RM183.88 million. The site is located east of the Western Pendas South Land and will be developed into a mixed-use development worth an estimated RM6 billion.
This acquisition will boost the group's landbank there to 1,858 acres, making it among the biggest landowners in Iskandar.
This is on top of acquisitions and developments announced by other Klang Valley-based developers such as Mah Sing Group Bhd, UM Land Bhd, Distinctive Ace Sdn Bhd and B&G Capital Resources Sdn Bhd. All these companies had signed deals with Iskandar Investment to acquire land in Medini Iskandar for mixed-use developments with a GDV north of RM1 billion in 4Q.
"The entry of the largest Malaysian property players signal that Iskandar, apart from the Klang Valley and Penang, will be the next region that will see the emergence of iconic and modern living. Designs and pricings will no longer be similar to the old regime," says Tan.
February also proved to be an eventful month in Johor. A slew of landmark deals were signed after the brief Chinese New Year lull, the biggest one undoubtedly being the Kuala Lumpur-Singapore high-speed rail.
The 350km rail will cut travel time between Kuala Lumpur and Singapore to 90 minutes. Currently, the journey takes about four hours by car or almost an hour by aeroplane, excluding check-in time.
According to Transport Minister Datuk Seri Kong Cho Ha, the five possible stops between Kuala Lumpur and Tuas in Singapore are Ayer Keroh in Melaka, Seremban in Negri Sembilan, Batu Pahat and Muar in Johor, and Iskandar Malaysia.
On the same day the high speed rail was announced, Temasek Holdings and its unit CapitaLand Malaysia Pte Ltd signed a joint-venture agreement with IWH to acquire a 71.4-acre land parcel for RM811 million, to be transformed into an integrated development worth RM8.1 billion.
Earlier in October, GLC Ascendas Land International Pte Ltd had embarked on a joint-venture agreement with UEM Land to develop an integrated eco-friendly tech park in Gerbang Nusajaya valued at RM3.7 billion.
It will come up on a strategically-located 519-acre freehold tract that is linked to not only a wide network of main roads and highways but is also the nearest industrial site to the Second Link checkpoint. The park will be designed to support various industries including fast-moving consumer goods (FMCG), food processing, pharmaceuticals and medical apparatus, electronics, general engineering, precision engineering and plots for customised facilities.
The high-speed rail culminates a host of investments from the island republic into Iskandar, which Tan says is testament of the symbiotic relationship between Malaysia and Singapore.
"There is no denying that 2013 will be a major milestone for Iskandar, which has passed the stage of infancy when there were doubts over its success."
This story first appeared in The Edge weekly edition of Mar11-17, 2013.
Oh i see, right. Yes now a bit bland, the problem is everyone wants to be healthy and avoid lard, etc while taking loads of margarine and drink lots of soup with MSG and then think of it as ok. Pick your own poison i guess.
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I have lots of neighbours kids who play football/catching, catch spiders and play with their bicycles/kites. Lots of birds in the morning, there are some houses which even have chickens, gooses and turkey! Lots of things to do here.
Some of them will buy satay and eat at the park area and many stay outside their houses during the weekend to look at the night sky.
Bro Wuqi, can sense that u r a very loving father. Despite yr kids never got the chance to come to this world.
U still buy toys and offerings for them. Some friends I know simply just abort the baby without any regrets.
I must say there are all kinds of ppl ard.
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