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Thread: New developments to share

  1. #1641
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    Red face Re: New developments to share

    Hi, I am new here. Anyone bought Paragon suites? Any info on this?

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    Default Re: New developments to share

    Iskandar Malaysia Eyes RM15-RM21 Billion Investments This Year

    JOHOR BAHARU, Feb 5 (Bernama) -- Iskandar Malaysia development region is expected to attract RM15 billion to RM21 billion in domestic and foreign investments this year.

    Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim said the investment target represented part of IRDA's key performance indicator (KPI).

    "Our KPI target this year is to bring in investments of between RM15 billion and RM21 billion," he said to reporters in conjunction with the launch of Jejak Teraju Iskandar Malaysia at the Persada Johor International Convention Centre here Tuesday.

    Since its launch in 2006 and up to Dec 31, 2012, Iskandar Malaysia has successfully attracted investments totalling RM106.31 billion from local and foreign companies.

    He said 63 per cent of the investments received was from local companies while 37 per cent was from foreign firms.

    On Singapore Prime Minister Lee Hsien Loong's visit to Iskandar Malaysia on Feb 18, Ismail said he was informed of the visit which is the first by a high-ranking official from Singapore.

    The official announcement will be made by the Prime Minister's Department.

    Lee is expected to be in Iskandar Malaysia to officiate the development of the Wellness Township project, one of the iconic projects to be jointly developed by Khazanah Nasional and Temasek Holdings.

    Ismail said the Singapore prime minister's visit represents a clear sign on the huge and healthy potential of Iskandar Malaysia.


    Recently, Iskandar Malaysia, which spans 2,217 sq km, has received increased investments from Singaporean companies such as the RM3 billion integrated eco-friendly tech park by Ascendas, under a joint venture with local developer UEM Land.

    Apart from that, Singapore billionaire Peter Lim will also invest RM3 billion to build an 'Auto City' in Nusajaya, with Formula One track facilities, also on a joint venture with UEM Land.

    Singaporean investors are also involved in buying properties in Iskandar Malaysia.

    -- BERNAMA

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    Default Re: New developments to share

    Quote Originally Posted by winners View Post
    I would prefer Najib to continue to be in power. His administration has brought in RM34b worth of FDIs into Malaysia in 2011, compared to only RM5b in 2009. This is good news for Malaysia and also its people.

    Let's face it, there will be corruption in every country. Sinkie Land is just Leegally corrupted, otherwise, why with the highest paid Ministerial salaries in this planet. What also about the recent discovery of the AIM case? And the mother of all is the forever delaying of the CPF withdrawal age, which you can't even see it now since you are forced to buy the CPF Life annuity.

    At the end of the day, if the government of the country can and does bring in investments and progress to the country and its people, will a change in the administration worth the risk?
    Quote Originally Posted by Jetstream View Post
    I also understand that if the developer applies to the authority to sell any unsold bumi lots as "bumi
    release lots" before the project's completion, the approval may still be provisional in that if a bumi subsequently approaches the developer to buy a unit, the developer is obliged to sell that unit to the bumi. This means that bumi released lots sold by developer to non-bumis before project's completion may be on a conditional basis.
    when 1 buy a bumi released lot, can he sell to foreigner and non bumi in future?

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    Default Re: New developments to share

    Quote Originally Posted by jailbird005 View Post
    when 1 buy a bumi released lot, can he sell to foreigner and non bumi in future?
    http://www.iproperty.com.my/iexpert/...n.aspx?ID=1996

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    Default Re: New developments to share

    Most developers will try to trick the bumis n say that all the projects are taken, as they also do not want to offer a 15% discount. Savvy bumis will check with the Land Office to ensure they are not deceived. That said, with the high prices now, its getting increasingly tougher for the bumis, esp in Nusajaya area, to buy new units.

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    Default Re: New developments to share

    Quote Originally Posted by IskandarRocks View Post
    Iskandar Malaysia Eyes RM15-RM21 Billion Investments This Year

    JOHOR BAHARU, Feb 5 (Bernama) -- Iskandar Malaysia development region is expected to attract RM15 billion to RM21 billion in domestic and foreign investments this year.

    Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim said the investment target represented part of IRDA's key performance indicator (KPI).

    "Our KPI target this year is to bring in investments of between RM15 billion and RM21 billion," he said to reporters in conjunction with the launch of Jejak Teraju Iskandar Malaysia at the Persada Johor International Convention Centre here Tuesday.

    Since its launch in 2006 and up to Dec 31, 2012, Iskandar Malaysia has successfully attracted investments totalling RM106.31 billion from local and foreign companies.

    He said 63 per cent of the investments received was from local companies while 37 per cent was from foreign firms.

    On Singapore Prime Minister Lee Hsien Loong's visit to Iskandar Malaysia on Feb 18, Ismail said he was informed of the visit which is the first by a high-ranking official from Singapore.

    The official announcement will be made by the Prime Minister's Department.

    Lee is expected to be in Iskandar Malaysia to officiate the development of the Wellness Township project, one of the iconic projects to be jointly developed by Khazanah Nasional and Temasek Holdings.

    Ismail said the Singapore prime minister's visit represents a clear sign on the huge and healthy potential of Iskandar Malaysia.


    Recently, Iskandar Malaysia, which spans 2,217 sq km, has received increased investments from Singaporean companies such as the RM3 billion integrated eco-friendly tech park by Ascendas, under a joint venture with local developer UEM Land.

    Apart from that, Singapore billionaire Peter Lim will also invest RM3 billion to build an 'Auto City' in Nusajaya, with Formula One track facilities, also on a joint venture with UEM Land.

    Singaporean investors are also involved in buying properties in Iskandar Malaysia.

    -- BERNAMA
    LHL and Najib will probably announce more investment by Temasek, GIC as well as the 3rd link and MRT on that day. LHL will be travelling with several cabinet ministars and his wife. This will definitely boost property sales in iskandar.

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    Default Re: New developments to share

    Quote Originally Posted by Valdez View Post
    LHL and Najib will probably announce more investment by Temasek, GIC as well as the 3rd link and MRT on that day. LHL will be travelling with several cabinet ministars and his wife. This will definitely boost property sales in iskandar.
    3rd link? U mean the ferry service or a 2nd woodlands link? I think we need the 2nd woodlands link. If this is announced, Najib's reelection prospects will get a boost from surge in Johoreans' support especially, seeing that Pakatan is targeting Johor.

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    Default Re: New developments to share

    Quote Originally Posted by RedsYNWA View Post
    3rd link? U mean the ferry service or a 2nd woodlands link? I think we need the 2nd woodlands link. If this is announced, Najib's reelection prospects will get a boost from surge in Johoreans' support especially, seeing that Pakatan is targeting Johor.
    This trip Kind of sudden and probably unplanned for. Designed to give a boost to Najib election chances. Definitely some major investments to be announced including a 3rd or even a 4th causeway.

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    Default Re: New developments to share

    Quote Originally Posted by RedsYNWA View Post
    3rd link? U mean the ferry service or a 2nd woodlands link? I think we need the 2nd woodlands link. If this is announced, Najib's reelection prospects will get a boost from surge in Johoreans' support especially, seeing that Pakatan is targeting Johor.
    If it is a 3rd bridge it will likely link Changi to Malaysia’s east coast.
    Then maybe there will be opportunities again for the risk takers to buy cheap land.

    It will be great also if a new bridge replaces the old woodland causeway to address the the traffic needs there.

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    Quote Originally Posted by Walker View Post
    If it is a 3rd bridge it will likely link Changi to Malaysia’s east coast.
    Then maybe there will be opportunities again for the risk takers to buy cheap land.

    It will be great also if a new bridge replaces the old woodland causeway to address the the traffic needs there.
    I think the causeway bridge will likely stay. What I am hoping for is that the SG Govt will eventually build 2 more links at Woodlands & Punggol (North Coast Innovation Corridor) & MRTs links to JB via Tuas, Woodlands, Punggol to improve connectivity. To lessen the social cost on citizens from a larger foreign population, it also make sense for us to employ more Malaysian workers who live in JB & work in Singapore .

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    Default Re: New developments to share

    Quote Originally Posted by investor5 View Post
    Actually its not that surprise trip. Its really quite an annual event during CNY every year when Singapore cabinet ministers will meet the Malaysian counterparts for happy hours. They will also meet the Sultan of Johor. So far we have no concrete news of a third link
    No this is the first time such a high level visit. Definitely not the usual CNY gathering. Hari raya some cabinet ministers will go over to meet the sultan.
    With election to be called for in march this is probably the last ammo for Najib.

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    Default Re: New developments to share

    Quote Originally Posted by Walker View Post
    If it is a 3rd bridge it will likely link Changi to Malaysia’s east coast.
    Then maybe there will be opportunities again for the risk takers to buy cheap land.

    It will be great also if a new bridge replaces the old woodland causeway to address the the traffic needs there.
    Good point, Desaru anyone?
    Likely not for the old causeway, if one day that really happens, likely that Johor property will be priced pretty differently from what is currently the norm
    Please do visit our sponsors @ https://www.facebook.com/pages/Trans...08104675878600
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    Quote Originally Posted by wuqi256 View Post
    Good point, Desaru anyone?
    Likely not for the old causeway, if one day that really happens, likely that Johor property will be priced pretty differently from what is currently the norm
    Desaru is bumi land if im not wrong, so leasehold tat's for sure.
    Last edited by potter; 06-02-2013 at 08:43 AM.

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    Default Re: New developments to share

    The Desaru development from Mahabuilder all sold..

    Any other lobang? My bro want one in Desaru for retirement..


    Quote Originally Posted by wuqi256 View Post
    Good point, Desaru anyone?
    Likely not for the old causeway, if one day that really happens, likely that Johor property will be priced pretty differently from what is currently the norm

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    Default Re: New developments to share

    Rowsley inks deal for acquisition of RSP, freehold land

    Feb 4, 2013 - PropertyGuru.com.my
    By Farah Wahida:

    Rowsley Ltd will acquire RSP Architects Planners & Engineers (Pte) Ltd as well as a 9.23ha land from Vantage Bay Sdn Bhd through an all-share deal worth S$545 million (RM1.4 million), reported Bernama.

    Under the sales and purchase (S&P) agreement, Rowsley will pay up to S$187 million (RM468 million) to Dr Albert Hong Kin Kay of RSP Architects and four of his partners by issuing S$1.25 billion (RM3.13 billion) Rowsley shares.

    Meanwhile, the land acquisition will see Rowsley paying up to S$358 million (RM896 million) with the release of 2.4 billion shares. Located in Johor Bahru Flagship A of the Iskandar Development Region, the freehold land will be developed into an integrated mixed-use township comprising residential, shopping and entertainment complexes as well as a hotel, office and commercial developments.

    “The signing of the two agreements today takes Rowsley a step nearer to turning our aspiration to become a major real estate player in the Iskandar region, into reality,” said Rowsley Chairman Dr Ho Tat Kin.

    He added that RSP’s excellent track record in urban development will help drive Rowsley’s future growth strategy and RSP will also gain greater access and visibility to the capital markets with its public listing through Rowsley.

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    Default Re: New developments to share

    S'pore firm makes landfall in Medini Iskandar

    SINGAPORE: Link (THM) Holdings Pte Ltd, a privately owned property development group renowned for its boutique projects here, on Tuesday formalised an agreement to purchase a 5.9ha plot from Global Capital & Development, the concession holder of Medini Iskandar.

    Medini Iskandar's lead shareholders include Iskandar Investment Bhd and Mubadala, an Abu Dhabi Government investment company.

    Link (THM) will turn the land into a mixed properties development that is expected to be completed in three phases over five years, the company said in a statement.

    Known as Media Village @ Medini Iskandar, the gross development value of the project is in excess of S$1 billion (RM2.5 billion), which is in the form of progressive payments of the land price.

    This marks the first privately-owned Singapore property company to solely commit to a massive property development project in Medini Iskandar.

    The development site has been earmarked for a media village cluster designed to support Pinewood Studio, a US$150 million (RM465 million) film and television production facility that is projected to create more than 3,000 jobs.

    Once completed in 2018, there will be more than 2,000 small office-home office (SOHO) and business suites with 1.2 million sq ft of net saleable area, while the commercial properties consisting of mainly food and beverage outlets will take up 1.1 million sq ft of net lettable area.

    For the residential component, Link (THM) intends to build seven 25- to 35-storey tower blocks.

    Media Village @ Medini Iskandar is 17km, or a 10-minute, drive from Singapore's Tuas Checkpoint.

    Facing the entrance of Media Village @ Medini Iskandar is film-making firm Pinewood Studios.

    Legoland, Hello Kitty and Wellness Hub by Singapore Temasek and EduCity are minutes away from Media Village @ Medini Iskandar.

    Notable future developments at the vicinity of Media Village @ Medini Iskandar are a financial district and a premium shopping belt, dubbed the "Orchard Road of Singapore".

    Founder and group chief executive officer of Link (THM), Kenny Tan said: "We are excited to be involved in one of the largest and most ambitious development projects in Southeast Asia.

    "Media Village @ Medini Iskandar indirectly extends our presence into the region as we expect the development concept for the mixed properties to attract buyers and investors from the region and beyond."

    Commenting on Link (THM)'s foray into Medini Iskandar, Datuk Syed Mohamed Ibrahim, president and chief executive officer of Iskandar Investment Bhd (IIB), said: "As the strategic developer of catalytic projects in Iskandar Malaysia, IIB is pleased to have Link (THM) from Singapore investing and developing Asia's next destination hub right in the heart of Medini - Media Village @ Medini Iskandar.

    Located next to Pinewood Studios, the new international production facility in Asia, Media Village @ Medini Iskandar is expected play a critical role in defining Asia's new creative arts production hub.

    "Besides providing the ecosystem platform for Asia's creative industries, Media Village @ Medini Iskandar also provides a truly unique experience in Asia through its innovative design and content inventory," he added. Bernama

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    Default Re: New developments to share

    Sorry for the double post. Thought this might be more relevant here:

    Page 2 of the report on the link has maps and pictures of Sunway's land acquisition at Medini and nearby:

    http://ir.chartnexus.com/sunway/doc/...1205%20MIB.pdf

    If you zoom into the bottom picture, notice that there is an existing development just south of Sunway land, across the river near the mouth.


    Another one with more details on latest acquisition by Sunway:

    http://research.maybank-ib.com/pdf/d...U_MIB_3040.pdf

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    Default Re: New developments to share

    I juz visited Plenitude office to sign my SPA. Quite a lot of buyers now such tt those units tt I saw was available 1 mth ago were mostly sold today. Even e unreleased phases r open for sale but subject to management approval n .only abt 60% of them r left (in e unreleased phase).

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    Default Re: New developments to share

    UEM Land to launch affordable homes scheme

    Feb 7, 2013 - PropertyGuru.com.my

    By Farah Wahida:

    Property developer UEM Land Holdings Bhd will build around 1,000 homes on a 32.37ha site in Jalan Ulu Choh-Lima Kedai as part of its affordable housing scheme for eligible first-time homeowners this year, according to the company’s Senior General Manager Mohd Nadzari Bachek.

    “We are already in the final stage of planning the project including the pricing and the floor built-up area of each unit.”

    To be located near the Iskandar Malaysia Public Housing project, the project will include single- or double-storey terrace houses, depending on the state government’s approval, said Mohd Nadzari.

    “We are looking at selling the houses at RM150,000 each but the final price will also take into account other factors such as building material and labour costs.”

    Meanwhile, UEM Land also wants to lure in more Chinese investors into Nusajaya, as they eye foreign countries to diversify their portfolio, revealed Mohd Nadzari.

    He noted that these investors and property developers spend generously when investing abroad.

    “We still have 3,237.48ha land for development in Nusajaya, including 1,821.08ha in Gerbang Nusajaya, which is suitable for big-scale property projects,” he added.



    Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]

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