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Puteri Harbour Community
- Thread starter Qube3
- Start date
Wow you're based in Selangor and come down to JB to invest. Cool
We only follow the smell of money...
A chinese lady at the UEM standing at the PH booth told us and she supposed to send us the floor plan.
Please update us wth some photos of progress at Imperia, Encorp, Somerset, Traders.
Even Singapore public listed company. Yongnam, is in Nusajaya. They provde structural system for mrt stn in Singapore and involve the MBS project too.
S'pore firms have over 300 factory projects in Iskandar
Republic already single largest foreign investor in Iskandar, having put in $2b. -BT
Teo Cheng Wee
Sun, Dec 09, 2012
The Business Times
Above photo is Deputy Prime Minister Tharman Shanmugaratnam.
NUSAJAYA (Johor): Singapore companies have set up more than 300 manufacturing projects in Iskandar Malaysia since 2006, according to the latest statistics from the Malaysian Investment Development Authority.
The figure, which was provided in response to queries from The Straits Times, underscores the importance of Singapore to the economic corridor in southern Johor, said Iskandar Regional Development Authority chief executive Ismail Ibrahim.
The Republic is already the largest single foreign investor in Iskandar, having ploughed in more than RM5 billion (S$2 billion) since its inception in 2006.
Total foreign investment in the development region rose from RM22 billion in 2008 to RM37 billion in September this year.
"We see Singapore and Iskandar as a single economic hub," Datuk Ismail told reporters yesterday.
"Much of the investment has been from small and medium-sized companies. But as ties continue to improve between the two countries, we expect bigger projects to come on board."
This week, Singapore billionaire Peter Lim announced that he was building a racing circuit in Iskandar.
He had been wooed to invest in Singapore's stalled Changi Motorsports Hub, but he said he was put off by the high costs.
The same day, Deputy Prime Minister Tharman Shanmugaratnam acknowledged that more Singapore companies will face increasing pressure to move out of the island because of labour and land costs - and that Malaysia would be a logical destination.
One Singapore firm that has expanded its operations to Iskandar is steelworks company Yongnam.
In 2008, it opened a steel fabrication plant in Iskandar's Southern Industrial and Logistics Clusters (SILC), to complement its operations in Singapore.
Yongnam picked Iskandar because it was near Singapore and the company's clients could visit the factory easily.
Another advantage was Iskandar's proximity to Johor's ports - Yongnam exports almost all of its goods from Iskandar.
Operating costs are at least 30 per cent lower in Iskandar than in Singapore, with the greatest savings coming from labour, said Mr Yusufirashim Sadir Mohammed, the administration and human resource manager of Yongnam's Iskandar plant.
The more labour-intensive projects, he said, are carried out at the Iskandar facility.
"But our company will continue to keep our Singapore operations, because we have our headquarters there," he said.
"You can't have a body without a head."
Singapore companies currently occupy about 20 per cent of the land in the 405ha SILC.
Malaysian companies take up more than 70 per cent.
"Such projects show that foreign investors believe in the stability of our country and the opportunity for growth," Johor Menteri Besar Abdul Ghani Othman said yesterday.
He was delivering a speech on behalf of Prime Minister Najib Razak at the official opening of the Puteri Harbour Family Theme Park in Nusajaya.
The park boasts the first Sanrio Hello Kitty Town outside Japan. Since the park opened its doors to the public in October, it has attracted more than 50,000 visitors.
S'pore firms have over 300 factory projects in Iskandar
Republic already single largest foreign investor in Iskandar, having put in $2b. -BT
Teo Cheng Wee
Sun, Dec 09, 2012
The Business Times
Above photo is Deputy Prime Minister Tharman Shanmugaratnam.
NUSAJAYA (Johor): Singapore companies have set up more than 300 manufacturing projects in Iskandar Malaysia since 2006, according to the latest statistics from the Malaysian Investment Development Authority.
The figure, which was provided in response to queries from The Straits Times, underscores the importance of Singapore to the economic corridor in southern Johor, said Iskandar Regional Development Authority chief executive Ismail Ibrahim.
The Republic is already the largest single foreign investor in Iskandar, having ploughed in more than RM5 billion (S$2 billion) since its inception in 2006.
Total foreign investment in the development region rose from RM22 billion in 2008 to RM37 billion in September this year.
"We see Singapore and Iskandar as a single economic hub," Datuk Ismail told reporters yesterday.
"Much of the investment has been from small and medium-sized companies. But as ties continue to improve between the two countries, we expect bigger projects to come on board."
This week, Singapore billionaire Peter Lim announced that he was building a racing circuit in Iskandar.
He had been wooed to invest in Singapore's stalled Changi Motorsports Hub, but he said he was put off by the high costs.
The same day, Deputy Prime Minister Tharman Shanmugaratnam acknowledged that more Singapore companies will face increasing pressure to move out of the island because of labour and land costs - and that Malaysia would be a logical destination.
One Singapore firm that has expanded its operations to Iskandar is steelworks company Yongnam.
In 2008, it opened a steel fabrication plant in Iskandar's Southern Industrial and Logistics Clusters (SILC), to complement its operations in Singapore.
Yongnam picked Iskandar because it was near Singapore and the company's clients could visit the factory easily.
Another advantage was Iskandar's proximity to Johor's ports - Yongnam exports almost all of its goods from Iskandar.
Operating costs are at least 30 per cent lower in Iskandar than in Singapore, with the greatest savings coming from labour, said Mr Yusufirashim Sadir Mohammed, the administration and human resource manager of Yongnam's Iskandar plant.
The more labour-intensive projects, he said, are carried out at the Iskandar facility.
"But our company will continue to keep our Singapore operations, because we have our headquarters there," he said.
"You can't have a body without a head."
Singapore companies currently occupy about 20 per cent of the land in the 405ha SILC.
Malaysian companies take up more than 70 per cent.
"Such projects show that foreign investors believe in the stability of our country and the opportunity for growth," Johor Menteri Besar Abdul Ghani Othman said yesterday.
He was delivering a speech on behalf of Prime Minister Najib Razak at the official opening of the Puteri Harbour Family Theme Park in Nusajaya.
The park boasts the first Sanrio Hello Kitty Town outside Japan. Since the park opened its doors to the public in October, it has attracted more than 50,000 visitors.
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Maybe I spoke to the wrong one. Mine is a chinese Auntie short hair with specs called chinese. She is pushing me Ophiria Townhouse instead at EL.
Sorry called Jennie
This is a chinese lady, not bad looking, in early thirties. She used a ipad to show all the project details of Teega.
Written by Ho Chin Soon Oct 2010: lets see how much has turned true in 2 years..still counting
Rail Catalyst
Imagine taking the high-speed train from KL and arriving in Singapore within two hours. You could be working in Singapore but staying in KL and paying KL prices. What might be considered a hugely improbable scenario a few years ago may indeed turn out to be a reality in eight years’ time.
If this materializes, it could well spell an increasingly ‘borderless’ world between the two neighbouring countries. It would spur economic growth along the route where the train passes through resulting in a growth corridor stretching from Singapore to Kuala Lumpur.
“It will be one Mega Region that will bring serious competition to other global mega regions [such as Hong Kong – Shenzhen-Guangzhou],” predicts well-known property consultant Ho Chin Soon.
Elaborating further, Ho said, “How KL and Singapore, with the help of Iskandar Malaysia, come together to work for common objectives and goals of both countries in the long run remains to be seen. I believe Iskandar Malaysia will be that catalyst for the rise of a Mega Region to compete in the global arena.”
Brian Koh, executive director of DTZ Nawawi Tie Leung Property Consultants Sdn Bhd agrees. “The train will expand Singapore ‘hinterland’ beyond Johor and if cross- border immigration is eased, and security, actual and perceived is improved, and political goodwill persists, then there will be a strong spill-over up to KL.”
Boost for KL & Iskandar
In a recent report, CIMB Research echoed the same sentiments stating that the High-Speed Rail project could boost property prices in Kuala Lumpur significantly, as values are far behind Singapore’s and travelling time between the two cities could be reduced to 2.4 hours.
“The rail project will also benefit property prices in Iskandar Malaysia as the proposed train will stop in Johor Baru before proceeding to Singapore.” The research house revealed that the rail project already has a “partial or near commitment from a named investor” as disclosed in the ETP (Economic Transformation Programme) unveiled recently. The ETP has identified Johor Bahru as a geographic location that is a driver of economic activity.
Connection Deepens
The high speed rail is just one of several ambitious plans in the pipeline to leverage on each country’s resources. The planned rapid transit system (RTS) connecting Johor Bahru and Singapore (possibly through an undersea tunnel) and the much-hyped 500-acre Wellness Township to be jointly developed by both governments are strong signals that Singapore’s presence in Iskandar is well-entrenched and fast-growing.
The recent historic land swap deal where Malaysia cedes its KTMB land in Woodlands, Singapore, in exchange for prime pieces of land in central Singapore to be developed jointly by both governments, is yet the strongest signal of more co-operations to come.
Seizing the Opportunities
A growing population is one of the keys drivers of the Mega Region. With Greater KL’s population set to increase from 7 mil currently to 10 mil, while Singapore targets 6.5 mil from its current 5 mil (one third are foreigners), there is no shortage of human resources. In fact, recent advertisements for vacancies in Iskandar netted about 700 registrants, mostly interested in employment opportunities at Legoland Malaysia, Asia’s first Legoland theme park located in Medini.
Such opportunities are not lost on Malaysian developers. Established ones from the Klang Valley such as Mah Sing, SP Setia and IJM have all set foot in Iskandar. More are expected to follow.
According to CIMB Research, developers with a sizeable land bank in Johor include SP Setia, Mah Sing Bhd, UM Land Bhd, KSL Holdings Bhd, Bandar Raya Developments Bhd, Mulpha International Bhd, IJM Land, Tebrau Teguh Bhd, Plenitude Bhd and Daiman Development Bhd.
UEM Land
The biggest beneficiary however will be UEM Land Holdings Bhd, due to its vast and strategic landbank in Iskandar. “Arguably, UEM Land’s 10,000-acre land bank in Nusajaya is at the heart of Iskandar and the proposed MRT from Singapore will also pass through its project,” the report says.
Another research house Credit Suisse Group AG in fact reports that UEM Land aims to grow revenue five-fold to RM2 billion in five years, out of which its Bandar Nusajaya project is expected to contribute at least 60 per cent of the sales in five years. UEM Land is also in talks with several Singaporean government-linked companies on property projects, the report adds.
Nusajaya – Key Driver
The 9,308 ha Nusajaya is the key driver of Iskandar Malaysia. It comprises eight catalyst developments — Kota Iskandar (Johor’s new administrative centre), Southern Industrial and Logistic Clusters, Puteri Harbour Waterfront Development, EduCity, Medical City, International Destination Resort and Nusajaya Residences. Work on infrastructure and several development projects in Nusajaya are on schedule and are expected to be completed in the next two to five years.
They include the RM1.4bil Coastal Highway linking Johor Baru city centre to Nusajaya, Legoland Theme Park, Indoor Theme Park @ Puteri Harbour, Marlborough College, Newcastle University Medical Faculty, and Pinewood Studios.
Investments Up
Located in the southern most part of Johor, spanning 2,217 sq km (three times the size of Singapore), Iskandar has grand plans to transform into an international metropolis within 25 years. To realize this, the Iskandar Regional Development Authority (IRDA) was formed to drive investments into Iskandar Malaysia. It works closely with Iskandar Investment Berhad (IIB), the catalytic developer of Iskandar Malaysia.
Recent figures released by the IRDA showed Iskandar received RM62.32bil cumulative investment up to June this year, surpassing the 2010 target of RM47 bil.
It used to be the case that most of the foreign investments were from the Middle East. However, as result of the Dubai financial meltdown a year ago, fewer have committed themselves and some may even have pulled out. What potentially could be a catastrophic event for Iskandar has in fact turned out to be a blessing in disguise. More attention is now diverted to Singapore. Iskandar, as it turns out, can’t flourish without Singaporeans’ involvement, commented a political observer.
Tipping Point
IIB is looking at 2012 as the tipping point for Iskandar Malaysia. “By that time, projects such as Legoland, Indoor Theme Park @ Puteri Harbour, Newcastle University Medical Malaysia and Marlborough College @ EduCity, Premium Outlet, CyberCity and Danga Bay Waterfront Development will be completed and operational, says IIB CEO Puan Arlida Ariff. Also operational then would be the 15 km 6-lane coastal highway to connect Nusajaya to JB’s CBD. Parts of the 500-acre Wellness Township in Medini are also expected to be completed at that time.
Ho Chin Soon agrees but added his own expanded version. The property consultant, who has authored a book on Iskandar entitled “Iskandar Malaysia – A Story of Singapore and Kuala Lumpur” foresees 3 Tipping points:
2010 – to move in early to invest as Singapore is coming in. Smaller industrialists and some Singaporeans have started to invest in lands for factories
2012 – when the catalytic projects and the Coastal Highway are completed and the tipping point is deemed to be reached
2018 – when the proposed LRT connection from Tanjung Puteri to Woodlands MRT starts operation. JB CBD will benefit the most.
Mindset Change
Having said that, not all is smooth-sailing. The mindsets of both Malaysians and Singaporeans are the greatest impediments. “Generally, Singaporeans are skeptical and they need more signals from their government before they come to Iskandar in a big way. However the recent 500
acres Wellness Township is a good start,” says Ho. Malaysians, especially local Johoreans also need to accept Singapore as a serious investor in Iskandar. Ho added that political will and the efficiency of the civil service (red tape) are two other important factors that could either drive or hinder development.
The other factor that could affect the tipping point is the coming Malaysian general election due by 2012. If these are sorted out and when the rail and MRT projects materialize by 2018, Iskandar, located mid-point, would transform into a bustling city. Malaysia’s first economic growth centre, conceived on 4th Nov 2006, would then have realized its vision of being an international metropolis.
Development in IM is focused on five flagship zones as follows:
Flagship A: Johor Bahru City
Landmarks: Danga Bay waterfront development, Johor Bahru City Centre, Heritage Precinct
Key players: Danga Bay Holdings Sdn Bhd, Crescendo Corporation Bhd, Johor Land Bhd, Mah Sing Group Bhd, Pelangi Bhd
Flagship B: Nusajaya and Medini
Landmarks: Kota Iskandar, Puteri Harbour, EduCity, Afiat Healthpark, Legoland Malaysia, Southern Industrial and Logistics Centres (SILC), Nusajaya Residences, Medini Iskandar Malaysia
Key players: UEM Land Bhd, Iskandar Investment Berhad (IIB), Mulpha International Bhd, KSL Holdings Bhd, S P Setia Bhd, Middle Eastern Consortium
Flagship C: Western Gate Development
Landmarks: Port of Tanjung Pelepas, Second Link to Singapore, Ramsar Heritage Park, Power Plant, Petroleum Hub, Maritime Centre
Key players: Port of Tanjung Pelepas, Tanjung Bin Power Plant, Tanjung Bin International Maritime Centre, KIC Oil and Gas Group
Flagship D: Eastern Gate Development
Landmarks: Tanjung Langsat Industrial Complex, Tanjung Langsat Port, Pasir Gudang Industrial Park, Pasir Gudang Circuit, Johor Port, Asia Pacific Trade & Expo City (APTEC)
Key players: Johor Port Bhd, Tanjung Langsat Port Sdn Bhd, TPM Technopark Sdn Bhd, Malaysia Pacific Corporation Bhd
Flagship E: Senai – Skudai
Landmarks: Senai International Airport, Senai Free Zone, Senai Logistics City, MSC Malaysia Cyberport, Johor Premium Outlet
Key players: Senai Airport Terminal Services Sdn Bhd, IOI Properties, Genting Property Sdn Bhd, UM Land Bhd, MSC Cyberport Sdn Bhd, Lee Rubber Group
Excerpts from “Iskandar Malaysia – A Story of Singapore and Kuala Lumpur”
“The last 2 to 3 decades of rapid growth for Johor Bahru can be attributed to the growth of Singapore. On the other hand, when Singapore went into recession, the property market of Johor Bahru went into a tail-spin and has just about to recover.”
“Many do not know that the project and land to be known as Tanjung Puteri has yet to be reclaimed from the Straits of Johor and that the beneficial owner is Iskandar Investment Bhd.”
“Shinkansen and Eurostar’s average speed is about 250 – 275 kph. Chinese trains now have average speeds of 350km per hour, making it a cool 1 hour 15 mins from KL to JB.”
Rail Catalyst
Imagine taking the high-speed train from KL and arriving in Singapore within two hours. You could be working in Singapore but staying in KL and paying KL prices. What might be considered a hugely improbable scenario a few years ago may indeed turn out to be a reality in eight years’ time.
If this materializes, it could well spell an increasingly ‘borderless’ world between the two neighbouring countries. It would spur economic growth along the route where the train passes through resulting in a growth corridor stretching from Singapore to Kuala Lumpur.
“It will be one Mega Region that will bring serious competition to other global mega regions [such as Hong Kong – Shenzhen-Guangzhou],” predicts well-known property consultant Ho Chin Soon.
Elaborating further, Ho said, “How KL and Singapore, with the help of Iskandar Malaysia, come together to work for common objectives and goals of both countries in the long run remains to be seen. I believe Iskandar Malaysia will be that catalyst for the rise of a Mega Region to compete in the global arena.”
Brian Koh, executive director of DTZ Nawawi Tie Leung Property Consultants Sdn Bhd agrees. “The train will expand Singapore ‘hinterland’ beyond Johor and if cross- border immigration is eased, and security, actual and perceived is improved, and political goodwill persists, then there will be a strong spill-over up to KL.”
Boost for KL & Iskandar
In a recent report, CIMB Research echoed the same sentiments stating that the High-Speed Rail project could boost property prices in Kuala Lumpur significantly, as values are far behind Singapore’s and travelling time between the two cities could be reduced to 2.4 hours.
“The rail project will also benefit property prices in Iskandar Malaysia as the proposed train will stop in Johor Baru before proceeding to Singapore.” The research house revealed that the rail project already has a “partial or near commitment from a named investor” as disclosed in the ETP (Economic Transformation Programme) unveiled recently. The ETP has identified Johor Bahru as a geographic location that is a driver of economic activity.
Connection Deepens
The high speed rail is just one of several ambitious plans in the pipeline to leverage on each country’s resources. The planned rapid transit system (RTS) connecting Johor Bahru and Singapore (possibly through an undersea tunnel) and the much-hyped 500-acre Wellness Township to be jointly developed by both governments are strong signals that Singapore’s presence in Iskandar is well-entrenched and fast-growing.
The recent historic land swap deal where Malaysia cedes its KTMB land in Woodlands, Singapore, in exchange for prime pieces of land in central Singapore to be developed jointly by both governments, is yet the strongest signal of more co-operations to come.
Seizing the Opportunities
A growing population is one of the keys drivers of the Mega Region. With Greater KL’s population set to increase from 7 mil currently to 10 mil, while Singapore targets 6.5 mil from its current 5 mil (one third are foreigners), there is no shortage of human resources. In fact, recent advertisements for vacancies in Iskandar netted about 700 registrants, mostly interested in employment opportunities at Legoland Malaysia, Asia’s first Legoland theme park located in Medini.
Such opportunities are not lost on Malaysian developers. Established ones from the Klang Valley such as Mah Sing, SP Setia and IJM have all set foot in Iskandar. More are expected to follow.
According to CIMB Research, developers with a sizeable land bank in Johor include SP Setia, Mah Sing Bhd, UM Land Bhd, KSL Holdings Bhd, Bandar Raya Developments Bhd, Mulpha International Bhd, IJM Land, Tebrau Teguh Bhd, Plenitude Bhd and Daiman Development Bhd.
UEM Land
The biggest beneficiary however will be UEM Land Holdings Bhd, due to its vast and strategic landbank in Iskandar. “Arguably, UEM Land’s 10,000-acre land bank in Nusajaya is at the heart of Iskandar and the proposed MRT from Singapore will also pass through its project,” the report says.
Another research house Credit Suisse Group AG in fact reports that UEM Land aims to grow revenue five-fold to RM2 billion in five years, out of which its Bandar Nusajaya project is expected to contribute at least 60 per cent of the sales in five years. UEM Land is also in talks with several Singaporean government-linked companies on property projects, the report adds.
Nusajaya – Key Driver
The 9,308 ha Nusajaya is the key driver of Iskandar Malaysia. It comprises eight catalyst developments — Kota Iskandar (Johor’s new administrative centre), Southern Industrial and Logistic Clusters, Puteri Harbour Waterfront Development, EduCity, Medical City, International Destination Resort and Nusajaya Residences. Work on infrastructure and several development projects in Nusajaya are on schedule and are expected to be completed in the next two to five years.
They include the RM1.4bil Coastal Highway linking Johor Baru city centre to Nusajaya, Legoland Theme Park, Indoor Theme Park @ Puteri Harbour, Marlborough College, Newcastle University Medical Faculty, and Pinewood Studios.
Investments Up
Located in the southern most part of Johor, spanning 2,217 sq km (three times the size of Singapore), Iskandar has grand plans to transform into an international metropolis within 25 years. To realize this, the Iskandar Regional Development Authority (IRDA) was formed to drive investments into Iskandar Malaysia. It works closely with Iskandar Investment Berhad (IIB), the catalytic developer of Iskandar Malaysia.
Recent figures released by the IRDA showed Iskandar received RM62.32bil cumulative investment up to June this year, surpassing the 2010 target of RM47 bil.
It used to be the case that most of the foreign investments were from the Middle East. However, as result of the Dubai financial meltdown a year ago, fewer have committed themselves and some may even have pulled out. What potentially could be a catastrophic event for Iskandar has in fact turned out to be a blessing in disguise. More attention is now diverted to Singapore. Iskandar, as it turns out, can’t flourish without Singaporeans’ involvement, commented a political observer.
Tipping Point
IIB is looking at 2012 as the tipping point for Iskandar Malaysia. “By that time, projects such as Legoland, Indoor Theme Park @ Puteri Harbour, Newcastle University Medical Malaysia and Marlborough College @ EduCity, Premium Outlet, CyberCity and Danga Bay Waterfront Development will be completed and operational, says IIB CEO Puan Arlida Ariff. Also operational then would be the 15 km 6-lane coastal highway to connect Nusajaya to JB’s CBD. Parts of the 500-acre Wellness Township in Medini are also expected to be completed at that time.
Ho Chin Soon agrees but added his own expanded version. The property consultant, who has authored a book on Iskandar entitled “Iskandar Malaysia – A Story of Singapore and Kuala Lumpur” foresees 3 Tipping points:
2010 – to move in early to invest as Singapore is coming in. Smaller industrialists and some Singaporeans have started to invest in lands for factories
2012 – when the catalytic projects and the Coastal Highway are completed and the tipping point is deemed to be reached
2018 – when the proposed LRT connection from Tanjung Puteri to Woodlands MRT starts operation. JB CBD will benefit the most.
Mindset Change
Having said that, not all is smooth-sailing. The mindsets of both Malaysians and Singaporeans are the greatest impediments. “Generally, Singaporeans are skeptical and they need more signals from their government before they come to Iskandar in a big way. However the recent 500
acres Wellness Township is a good start,” says Ho. Malaysians, especially local Johoreans also need to accept Singapore as a serious investor in Iskandar. Ho added that political will and the efficiency of the civil service (red tape) are two other important factors that could either drive or hinder development.
The other factor that could affect the tipping point is the coming Malaysian general election due by 2012. If these are sorted out and when the rail and MRT projects materialize by 2018, Iskandar, located mid-point, would transform into a bustling city. Malaysia’s first economic growth centre, conceived on 4th Nov 2006, would then have realized its vision of being an international metropolis.
Development in IM is focused on five flagship zones as follows:
Flagship A: Johor Bahru City
Landmarks: Danga Bay waterfront development, Johor Bahru City Centre, Heritage Precinct
Key players: Danga Bay Holdings Sdn Bhd, Crescendo Corporation Bhd, Johor Land Bhd, Mah Sing Group Bhd, Pelangi Bhd
Flagship B: Nusajaya and Medini
Landmarks: Kota Iskandar, Puteri Harbour, EduCity, Afiat Healthpark, Legoland Malaysia, Southern Industrial and Logistics Centres (SILC), Nusajaya Residences, Medini Iskandar Malaysia
Key players: UEM Land Bhd, Iskandar Investment Berhad (IIB), Mulpha International Bhd, KSL Holdings Bhd, S P Setia Bhd, Middle Eastern Consortium
Flagship C: Western Gate Development
Landmarks: Port of Tanjung Pelepas, Second Link to Singapore, Ramsar Heritage Park, Power Plant, Petroleum Hub, Maritime Centre
Key players: Port of Tanjung Pelepas, Tanjung Bin Power Plant, Tanjung Bin International Maritime Centre, KIC Oil and Gas Group
Flagship D: Eastern Gate Development
Landmarks: Tanjung Langsat Industrial Complex, Tanjung Langsat Port, Pasir Gudang Industrial Park, Pasir Gudang Circuit, Johor Port, Asia Pacific Trade & Expo City (APTEC)
Key players: Johor Port Bhd, Tanjung Langsat Port Sdn Bhd, TPM Technopark Sdn Bhd, Malaysia Pacific Corporation Bhd
Flagship E: Senai – Skudai
Landmarks: Senai International Airport, Senai Free Zone, Senai Logistics City, MSC Malaysia Cyberport, Johor Premium Outlet
Key players: Senai Airport Terminal Services Sdn Bhd, IOI Properties, Genting Property Sdn Bhd, UM Land Bhd, MSC Cyberport Sdn Bhd, Lee Rubber Group
Excerpts from “Iskandar Malaysia – A Story of Singapore and Kuala Lumpur”
“The last 2 to 3 decades of rapid growth for Johor Bahru can be attributed to the growth of Singapore. On the other hand, when Singapore went into recession, the property market of Johor Bahru went into a tail-spin and has just about to recover.”
“Many do not know that the project and land to be known as Tanjung Puteri has yet to be reclaimed from the Straits of Johor and that the beneficial owner is Iskandar Investment Bhd.”
“Shinkansen and Eurostar’s average speed is about 250 – 275 kph. Chinese trains now have average speeds of 350km per hour, making it a cool 1 hour 15 mins from KL to JB.”
"Having said that, not all is smooth-sailing. The mindsets of both Malaysians and Singaporeans are the greatest impediments. “Generally, Singaporeans are skeptical and they need more signals from their government before they come to Iskandar in a big way. "
Isn't that what we are seeing right now?? He did point out a tipping point in 2010, but how many really believe him? I got to give credit to him.
Isn't that what we are seeing right now?? He did point out a tipping point in 2010, but how many really believe him? I got to give credit to him.
His maps are good. Once he said kl property will move west/southwards...it did. Why? Cos the east side has mountains. How true.
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We watched on Saturday and it was the marina & pool that went fast and first regardless of size. It seemed people buying 3 units were interested in smaller sizes. For me it was about where I wanted to live. The 1621 larger size for me may appear more desirable for families as I would not want to rent to students if it came down to me being transferred and not living there.
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I asked if I could stay the night (like for Pink Floyd tickets) they said 6 AM earliest. I chanced it at 5. Was stopped at gate, but had taken a taxi and well, just walked in.. The people next had same issue but had own car and walked behind me.
Dont know my # but my it was honoured and I had first pick (5-7 min limit) No agents were let in before me though they tried with inventive stories..
yesterday, i took a panoramic view from the entrance of the theme park building
from left entrance to themed park carpark and right kota iskandar
http://www1.picturepush.com/photo/a/11664714/img/Anonymous/NWP-121210-0000.jpg
Received some latest news. There will be 3 ferry operators. One from Singapore. Two operators from Indonesia. Confirm Harbourfront and Batam. It will happen very soon. Latest by early next yr. No Raffles Marina at the moment. Marina BaySands might happen but it depends on the traffic between HB/Batam & PH.
VIP can start to q at 12 noon this Sat for the last tower(as advised by UEM staff) but the selection starts at 2 pm. If you are VVIPs, you have the whole morning to sapu all the good units.
VIP can start to q at 12 noon this Sat for the last tower(as advised by UEM staff) but the selection starts at 2 pm. If you are VVIPs, you have the whole morning to sapu all the good units.
hi Bro,
have you got any office unit..?? asked the UEM Land staff they told me only can purchase from agent.
Apparently, the children playground besides to TEEGA is completed. I also saw a small kolam there. Is the playground and the kolam(lake) part of TEEGA?
Still got a couple of office units on Saturday but on low floor and another on 13 floor.
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