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New developments to share
- Thread starter wuqi256
- Start date
The double tracking project has always been there even before HSR came into the picture. They have already double tracked and electrified the northern line running from KL to Ipoh. They have delayed doing so for the southern line since long time already. About time they start doing it.
B&G Capital to develop Iskandar land with GDV of RM1bil
KUALA LUMPUR: Iskandar Investment Bhd (IIB) yesterday signed a 99-year lease purchase agreement for 3.4ha of prime land in Medini Iskandar with B&G Capital Resources Bhd (BGCR).
IIB, which oversees the development of about 3,591.24ha or about 2% of land in Iskandar Malaysia, signed the agreement via its wholly-owned subsidiary, Medini Land Sdn Bhd.
The agreement involved the purchase of a gross floor area (GFA) of 2.2 million sq ft over three parcels of land in Zone A, North of Medini at a consideration of about RM73.34mil.
“The emerging shape and form of Iskandar Malaysia is showing itself as a beautiful masterpiece with extremely high-potential investment and growth opportunities.
“Partners such as BGCR will support our endeavour to not only add more hues and colours in the form of contemporary business and lifestyle solutions to the big picture but will also help enhance the value of real estate landscape in Johore, with multiplier effects on the overall economy,” said IIB president and chief executive officer Datuk Syed Mohamed Syed Ibrahim in a statement.
These parcels of land would be used to plan a mixed commercial development, with expected gross development value (GDV) of about RM1bil.
“The group will build Grade A corporate offices, a three-star hotel and a retail gallery encompassing 2.2 million sq ft of development located opposite the Legoland theme park,” said executive chairman and managing director of BGCR, Tan Sri Barry Goh at the signing ceremony.
He said the group would use its expertise and experience to develop the area into an exciting metropolis to complement the ongoing development in Iskandar Malaysia.
Goh said he first saw the area in 2005 and found it too quiet but saw the potential of the area after he visited the area last year.
Saying that he was now convinced of the potential of Iskandar Malaysia, he said the group was looking forward to buying more parcels of land in the area.
BGCR is a major property developer in Malaysia, and owns a sizeable landbank of more than 391.88ha mainly in the Klang Valley alone.
To date, the group has successfully completed total projects valued at RM1.5bil. Bernama
KUALA LUMPUR: Iskandar Investment Bhd (IIB) yesterday signed a 99-year lease purchase agreement for 3.4ha of prime land in Medini Iskandar with B&G Capital Resources Bhd (BGCR).
IIB, which oversees the development of about 3,591.24ha or about 2% of land in Iskandar Malaysia, signed the agreement via its wholly-owned subsidiary, Medini Land Sdn Bhd.
The agreement involved the purchase of a gross floor area (GFA) of 2.2 million sq ft over three parcels of land in Zone A, North of Medini at a consideration of about RM73.34mil.
“The emerging shape and form of Iskandar Malaysia is showing itself as a beautiful masterpiece with extremely high-potential investment and growth opportunities.
“Partners such as BGCR will support our endeavour to not only add more hues and colours in the form of contemporary business and lifestyle solutions to the big picture but will also help enhance the value of real estate landscape in Johore, with multiplier effects on the overall economy,” said IIB president and chief executive officer Datuk Syed Mohamed Syed Ibrahim in a statement.
These parcels of land would be used to plan a mixed commercial development, with expected gross development value (GDV) of about RM1bil.
“The group will build Grade A corporate offices, a three-star hotel and a retail gallery encompassing 2.2 million sq ft of development located opposite the Legoland theme park,” said executive chairman and managing director of BGCR, Tan Sri Barry Goh at the signing ceremony.
He said the group would use its expertise and experience to develop the area into an exciting metropolis to complement the ongoing development in Iskandar Malaysia.
Goh said he first saw the area in 2005 and found it too quiet but saw the potential of the area after he visited the area last year.
Saying that he was now convinced of the potential of Iskandar Malaysia, he said the group was looking forward to buying more parcels of land in the area.
BGCR is a major property developer in Malaysia, and owns a sizeable landbank of more than 391.88ha mainly in the Klang Valley alone.
To date, the group has successfully completed total projects valued at RM1.5bil. Bernama
SINGAPORE NEWS
ASME in talks with M'sian developers to build ASME Park in Iskandar
By Kristie Neo | Posted: 13 December 2012 2236 hrs
SINGAPORE: The Association of Small and Medium Enterprises (ASME) said they are in talks with three Malaysian developers to build an industrial park in Johor's Iskandar region to house Singapore firms.
So far, 23 firms have expressed interest in this project, which aims to help them cope with rising cost pressures in Singapore.
ASME said they now need to convince Singapore businesses to relocate to Iskandar.
They will need commitment from about 50 to 100 businesses in Singapore before the selected Malaysian developer goes ahead to build the ASME Park.
ASME said they are looking at land plots in Skudai, Nusajaya and Kulaijaya.
All three plots are 15 to 20 minutes drive away from the causeway.
The hub that ASME have in mind, will occupy some 50 hectares of land area -- roughly the size of Resorts World Sentosa or about a hundred football fields.
ASME's president Chan Chong Beng said: "When we have the scale, we should get a good bargain. As for rental costs, for some people who may not have enough cash to buy, we will talk to developers, to lease and buy back later. And, we will talk to the banks to get maximum financing to help those SMEs out."
The association said that it will also look into the quality of security, power and internet networks in the area.
But not everyone is convinced that ASME's efforts are enough.
One Singapore company, Pestbusters, said bottlenecks at custom checkpoints will prevent them from responding quickly to clients.
Pestbusters' CEO and chairman, Thomas Fernandez, said: "Take for instance I'm in Kuala Lumpur doing my pest management business. It's very difficult to get good quality people, even though you pay a high price. So again, there is a challenge."
But for some, lower rentals and cheaper wages remain a huge pull factor.
Industrial rents in outskirt regions such as Jurong are at between S$3 and S$4 per square foot.
This is compared to about 2 to 3 ringgit per square foot in Iskandar.
Creative media house Cheng and Eng's director KC Eng said: "Cheng Singapore can be more of a base where we contact and meet our clients, whereas in Iskandar, it can be more of production and programming work.
"Because we are involved in IT business, so with that line of thought, we can streamline the programme over here."
If all goes well, ASME said the project could materialize as quickly as 2014.
- CNA/lp
ASME in talks with M'sian developers to build ASME Park in Iskandar
By Kristie Neo | Posted: 13 December 2012 2236 hrs
SINGAPORE: The Association of Small and Medium Enterprises (ASME) said they are in talks with three Malaysian developers to build an industrial park in Johor's Iskandar region to house Singapore firms.
So far, 23 firms have expressed interest in this project, which aims to help them cope with rising cost pressures in Singapore.
ASME said they now need to convince Singapore businesses to relocate to Iskandar.
They will need commitment from about 50 to 100 businesses in Singapore before the selected Malaysian developer goes ahead to build the ASME Park.
ASME said they are looking at land plots in Skudai, Nusajaya and Kulaijaya.
All three plots are 15 to 20 minutes drive away from the causeway.
The hub that ASME have in mind, will occupy some 50 hectares of land area -- roughly the size of Resorts World Sentosa or about a hundred football fields.
ASME's president Chan Chong Beng said: "When we have the scale, we should get a good bargain. As for rental costs, for some people who may not have enough cash to buy, we will talk to developers, to lease and buy back later. And, we will talk to the banks to get maximum financing to help those SMEs out."
The association said that it will also look into the quality of security, power and internet networks in the area.
But not everyone is convinced that ASME's efforts are enough.
One Singapore company, Pestbusters, said bottlenecks at custom checkpoints will prevent them from responding quickly to clients.
Pestbusters' CEO and chairman, Thomas Fernandez, said: "Take for instance I'm in Kuala Lumpur doing my pest management business. It's very difficult to get good quality people, even though you pay a high price. So again, there is a challenge."
But for some, lower rentals and cheaper wages remain a huge pull factor.
Industrial rents in outskirt regions such as Jurong are at between S$3 and S$4 per square foot.
This is compared to about 2 to 3 ringgit per square foot in Iskandar.
Creative media house Cheng and Eng's director KC Eng said: "Cheng Singapore can be more of a base where we contact and meet our clients, whereas in Iskandar, it can be more of production and programming work.
"Because we are involved in IT business, so with that line of thought, we can streamline the programme over here."
If all goes well, ASME said the project could materialize as quickly as 2014.
- CNA/lp
Check this out:
Didn't know the Marborough College is that famous.
http://www.international-adviser.com/news/asia/southern-malaysia-sees-influx-of-expats
Didn't know the Marborough College is that famous.
http://www.international-adviser.com/news/asia/southern-malaysia-sees-influx-of-expats
Got this from the other thread. Apprently, there will be HSR and EDTP
Malaysia to make rail decisions by Q1The government will decide by the first quarter of next year when the bullet train
and the Gemas-Johor Bahru electrified double tracking project (EDTP), with a
combined worth of about RM35 billion, will be implemented, sources said.
Malaysia is planning to build a 300km high-speed rail (HSR) line linking Kuala
Lumpur and Singapore under a public-private partnership.
The project will cost about RM20 billion to RM25 billion.
The Land Public Transport Commission (SPAD) is conducting a study on the HSR
system, which it expects to complete by the end of this month. If feasible, SPAD
will call for pre-qualification bids by mid-2013.SPAD chief executive officer Mohd
Nur Kamal, when contacted, told Business Times that the study is ongoing.
Its chairman Tan Sri Syed Hamid Syed Jaafar Albar said recently that several
states have expressed strong interest for the high-speed rail to pass through their
land because of the economic spillover.
Besides Kuala Lumpur and Singapore, Malaysia is also studying the possibility of
linking the HSR system to Thailand, Laos, Vietnam and several cities in China.
Business Times reported that Tan Sri Ravindran Menon, who controls Skypark
Terminal at the Sultan Abdul Aziz Shah Airport, has teamed up with UEM Group to
vie for the HSR project linking Kuala Lumpur and Singapore.
They plan to lay railway lines parallel to the North-South Expressway from Kuala
Lumpur, Seremban and Malacca to Johor Baru, before connecting to Singapore.
The standard gauge railway network will beB2used, where the trains would run at
350 km/h.
Commuters using the trains could travel from Kuala Lumpur to Johor Baru in 80
minutes and to Singapore in 90 minutes, compared
to six hours by road, currently.
Transport Minister Datuk Seri Kong Cho Ha recently said several options and
alignments are being explored for the Kuala Lumpur-Singapore route.
He said the train could either run non-stop from Kuala Lumpur to Singapore, or
start from KL Sentral in Brickfields and have stops at Kuala Lumpur International
Airport, Seremban and beyond.
Meanwhile, the Gemas-Johor Baru EDTP will involve around 197km of parallel
railway tracks.
Valued at an estimated RM8 billion, it includes building stations, depots, halts,
yards and bridges and cover systems such as electrification, signalling and
communications.
- Business Times 13 Dec 2012
Here is another one. Full article on Business Times print edition today ....
Johor land getting pricier on growing demand
LAND values in Johor have crept up in the last few years as a result of the growing demand for industrial land and buildings - although at a pace slower than that in the Klang Valley and in Penang.
A number of factors account for this. One is the growth of the Port of Tanjung Pelepas.
Another is the recent developments between Malaysia and Singapore, specifically the joint-venture projects between their companies. An example is Singapore's Ascendas Land International Pte Ltd and Malaysia's UEM Land coming together to build a RM3.7 billion (S$1.48 billion) integrated tech park in Nusajaya.
Property consultants say a growing number of Singapore companies are beginning to seriously consider building factories in the southern state.
Johor land getting pricier on growing demand
LAND values in Johor have crept up in the last few years as a result of the growing demand for industrial land and buildings - although at a pace slower than that in the Klang Valley and in Penang.
A number of factors account for this. One is the growth of the Port of Tanjung Pelepas.
Another is the recent developments between Malaysia and Singapore, specifically the joint-venture projects between their companies. An example is Singapore's Ascendas Land International Pte Ltd and Malaysia's UEM Land coming together to build a RM3.7 billion (S$1.48 billion) integrated tech park in Nusajaya.
Property consultants say a growing number of Singapore companies are beginning to seriously consider building factories in the southern state.
Try figuring this out:
Mont Kiara Accoris was launched recently: Prices RM 850 to RM1100 psf.
KLCC prices: RM 1100 to RM1500 psf
Encorp PH: RM 1100 to 1200 psf (Sold out). Pinetree PH: RM 1300 psf
Setia 88 JB: RM 1000 psf (Sold out) New Jan 203 price: RM 1300 psf
These are standard units and not penthouses.
Mont Kiara Accoris was launched recently: Prices RM 850 to RM1100 psf.
KLCC prices: RM 1100 to RM1500 psf
Encorp PH: RM 1100 to 1200 psf (Sold out). Pinetree PH: RM 1300 psf
Setia 88 JB: RM 1000 psf (Sold out) New Jan 203 price: RM 1300 psf
These are standard units and not penthouses.
hi Funniman, maybe you can put the land cost estimate next to it, then we can get a better idea
whether the end prices are well justified. for example, I know Pinetree PH is about RM200psf and KLCC is about RM1100-RM1500psf for land (and for land bought at RM2000psf, units are launching minimum RM2000psf like RuMa by Kia Peng Ireka, one new unit on 19th for sold for RM1.9m 915sqf)
That's the point...justification. KLCC has high land prices so the prices is understandable. But JB?? The logic is just not there...(me included) to buy JB. Is it greed in anticipation that prices will go up due to the Singapore factor? Or is it the greedy developers who reap the maximum and leave the buyers in a lurch when in need.
But in the end of the day, I would say it is good idea to park your funds but bad idea if you try to stretch it too thin.
But in the end of the day, I would say it is good idea to park your funds but bad idea if you try to stretch it too thin.
Singaporeans Quadruple Johor Property Prices
At a fraction of the price found in Singapore, bungalows in Johor’s Iskandar region have become a hit among Singaporean property investors. This has led to a 4-fold increase in prices there, from the RM1 million (S$400,000) for a bungalow 5 years ago, to current prices of about RM 5 million.
Nusajaya, one of 5 main zones in Iskandar, has seen a high influx of foreigners. Foreigners, with a large proportion of Singaporeans in the mix, own 70% of the residential properties in the area.
Data gathered from the Iskandar Regional Development Authority reported that total foreign investments has increased by RM15 billion, from RM22 billion in 2008, to RM37 billion as of September 2012. Singaporeans are the biggest contributors to this numbers, pouring more than RM5 billion in investments into the area since 2006.
The rising prices are good news to those who had purchased homes in Johor even as late as the middle of this year. Some owners have reported a doubling in the value of their homes.
Property developer for the area, UEM Land, attributes the hike in demand to the rising costs of property in Singapore along with the increased faith in Malaysian properties. Analysts have also suggested that a bungalow in Malaysia is a better investment than a shoebox apartment in Singapore.
Prices of land sites in the area have also shot up by almost 5 times, from RM20 per square feet (psf) around 2007, to the current RM90 to RM100 psf. Plots of land located at Ledang Heights meant for the development of bungalows showed a 4-fold increase from RM20 psf in around 2006 to the present RM80 psf.
These prices are expected to continue skyrocketing with the development of more attractions in the pipeline.
At a fraction of the price found in Singapore, bungalows in Johor’s Iskandar region have become a hit among Singaporean property investors. This has led to a 4-fold increase in prices there, from the RM1 million (S$400,000) for a bungalow 5 years ago, to current prices of about RM 5 million.
Nusajaya, one of 5 main zones in Iskandar, has seen a high influx of foreigners. Foreigners, with a large proportion of Singaporeans in the mix, own 70% of the residential properties in the area.
Data gathered from the Iskandar Regional Development Authority reported that total foreign investments has increased by RM15 billion, from RM22 billion in 2008, to RM37 billion as of September 2012. Singaporeans are the biggest contributors to this numbers, pouring more than RM5 billion in investments into the area since 2006.
The rising prices are good news to those who had purchased homes in Johor even as late as the middle of this year. Some owners have reported a doubling in the value of their homes.
Property developer for the area, UEM Land, attributes the hike in demand to the rising costs of property in Singapore along with the increased faith in Malaysian properties. Analysts have also suggested that a bungalow in Malaysia is a better investment than a shoebox apartment in Singapore.
Prices of land sites in the area have also shot up by almost 5 times, from RM20 per square feet (psf) around 2007, to the current RM90 to RM100 psf. Plots of land located at Ledang Heights meant for the development of bungalows showed a 4-fold increase from RM20 psf in around 2006 to the present RM80 psf.
These prices are expected to continue skyrocketing with the development of more attractions in the pipeline.
Source of this article?
It is surely greed in play to form bubble.
And I love bubble, let make it bigger and bigger......
Everywhere you go with a property bubble you will find greedy investors and greedy developers. Only poor buyers will be at the sideline waiting for price to correct forever.... and correction will never come.
It will only come when they finally enter the market..... we call this reverse indicator.
This indicator is showing up in Singapore and Hong Kong now. (especially Singaporean buying EC.)
Sky 88 will launch avg Rm1200. Your target may be reach by 4Q 2013 or 1Q 2014 base on current rush.
I am basing on JB new launch price.
Based on these type of reports, the upward trend is inevitable.....Matex and Sky88 will drive up their prices
S’pore minister: Iskandar a region of innovation and entrepreneurship
The Star: 14/12/12
SINGAPORE: Singapore’s Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development, Lee Yi Shyan, has described Iskandar Malaysia as a region of innovation and entrepreneurship.
He said the Iskandar region had attracted greater interest recently.
It had been reported that many foreign investors, including some Singapore firms, were considering investments there, he said.
“Indeed, Iskandar’s advantages are aplenty – its proximity to Singapore, availability of land and a large pool of labour are among the chief reasons for foreign firms to locate there.
“For our companies, Deputy Prime Minister Tharman Shanmugaratnam had aptly described the region as a ‘nice complementary space’ for Singapore,” Lee said in his posting on Facebook yesterday.
Lee said he had recently visited the two Singaporean companies – Bright Floriculture Sdn Bhd and Super Group Pte Ltd – which had established operations there and was impressed with what he saw.
He said Bright Floriculture’s horticulture farm in Ulu Tiram, started by Ong Hock Beng and his two brothers in 1991, was doing well.
“The farm has grown. It produces quality vegetables for both the Malaysian and Singaporean market,” he said.
Lee said Super Group had pioneered the packaging of three-in-one beverage products and today, it manufactured a wide range of beverages and convenient food products, such as cup noodles, potato chips and coffee, at its Masai facilities.
“I was told that Super’s coffee production facility was among of the largest in South-East Asia,” Lee said.
He said the common factor was their willingness to redistribute their production activities in a logical and proactive way.
“Their foresight has enabled them to stay competitive and grow profitably,” he said. — Bernama
S’pore minister: Iskandar a region of innovation and entrepreneurship
The Star: 14/12/12
SINGAPORE: Singapore’s Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development, Lee Yi Shyan, has described Iskandar Malaysia as a region of innovation and entrepreneurship.
He said the Iskandar region had attracted greater interest recently.
It had been reported that many foreign investors, including some Singapore firms, were considering investments there, he said.
“Indeed, Iskandar’s advantages are aplenty – its proximity to Singapore, availability of land and a large pool of labour are among the chief reasons for foreign firms to locate there.
“For our companies, Deputy Prime Minister Tharman Shanmugaratnam had aptly described the region as a ‘nice complementary space’ for Singapore,” Lee said in his posting on Facebook yesterday.
Lee said he had recently visited the two Singaporean companies – Bright Floriculture Sdn Bhd and Super Group Pte Ltd – which had established operations there and was impressed with what he saw.
He said Bright Floriculture’s horticulture farm in Ulu Tiram, started by Ong Hock Beng and his two brothers in 1991, was doing well.
“The farm has grown. It produces quality vegetables for both the Malaysian and Singaporean market,” he said.
Lee said Super Group had pioneered the packaging of three-in-one beverage products and today, it manufactured a wide range of beverages and convenient food products, such as cup noodles, potato chips and coffee, at its Masai facilities.
“I was told that Super’s coffee production facility was among of the largest in South-East Asia,” Lee said.
He said the common factor was their willingness to redistribute their production activities in a logical and proactive way.
“Their foresight has enabled them to stay competitive and grow profitably,” he said. — Bernama
Hmm ... you guys should considering buying SG condos instead if prices is @1800 range .
think for the next year in 2013, very crucial to see how things develop...
it is no longer of prices will go up or not....
but a contest to see which area will become the "hotspot" or "place to be"...
cos any retail international investor will ask this question when
they have decided to invest in Iskandar
the place to be in.. would be similar to Sentosa of Singapore... where market is distinct from others
and prices distinct to others as well.. ability to set its own benchmarks
this is what I will be looking out for...
it is no longer of prices will go up or not....
but a contest to see which area will become the "hotspot" or "place to be"...
cos any retail international investor will ask this question when
they have decided to invest in Iskandar
the place to be in.. would be similar to Sentosa of Singapore... where market is distinct from others
and prices distinct to others as well.. ability to set its own benchmarks
this is what I will be looking out for...
Lousy location in Pasir Ris (where I stay) is now RM3000/psf.
JB Sentral is better location than Pasir Ris Singapore in my opinion.
By the time it hit RM1800; people will start to see a liveable city.
When you can see it ; it will not be cheap anymore.
Hence must imagine how the future will be.
I can imagine JB blooming with population growing and centralize from CBD outward.
I can imagine a lot of beautiful buildings in Puteri Harbour and Medini but struggling to get it fully tennanted.
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