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New developments to share

Dora21

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Now, I have a dilemma in investing next house. I did book teega( low floor facing west), and now I feel with the amt. of money I can buy a higher unit in the raffles suites ( sutera utama). :confused:Pls give advice on this . Thank you.
 

Valdez

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Pinewood Studios targets RM3.8bil projects in Johor

Posted on January 30, 2013 - Featured, Property News.

JOHOR BARU: The world-famous Pinewood Studios is set to make Johor an international film-making hub for the Asia-Pacific region in May.

With its state-of-the-art facilities, the new Pinewood Iskandar Malaysia Studios (PIMS) in Nusajaya is targeting production projects worth RM3.8bil between now and 2020, said PIMS chief executive officer Michael Lake.

The budget includes spending on about 9,500 full-time and freelance workers, use of studio space, film production equipment, logistics, food and beverages, lodging and purchase of construction and office supplies.

Lake said RM1.9bil of the RM3.8bil budget would be spent in the local economy.

He was briefing the media on the latest developments in the project at a joint press conference with Iskandar Regional Development Authority chief executive officer Datuk Ismail Ibrahim at the studios yesterday.

PIMS is the product of a strategic agreement between British-based Pinewood Shepperton plc and Khazanah Nasional Bhd.

The 20ha PIMS complex includes 9,300sq m of film stages.

The biggest stage at 2,800sq m will have a water tank for production that requires work on or under water.

There are also two TV studios, each at 1,100sq m.

Pinewood Studios is a major British film studio situated in Iver Heath, Buckinghamshire, about 32km west of central London.

It has played host to many film and television productions over the years and is well known as the home of the Carry On …, Superman and James Bond film series.
 

Valdez

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Pinewood Studios targets RM3.8bil projects in Johor

Posted on January 30, 2013 - Featured, Property News.

JOHOR BARU: The world-famous Pinewood Studios is set to make Johor an international film-making hub for the Asia-Pacific region in May.

With its state-of-the-art facilities, the new Pinewood Iskandar Malaysia Studios (PIMS) in Nusajaya is targeting production projects worth RM3.8bil between now and 2020, said PIMS chief executive officer Michael Lake.

The budget includes spending on about 9,500 full-time and freelance workers, use of studio space, film production equipment, logistics, food and beverages, lodging and purchase of construction and office supplies.

Lake said RM1.9bil of the RM3.8bil budget would be spent in the local economy.

He was briefing the media on the latest developments in the project at a joint press conference with Iskandar Regional Development Authority chief executive officer Datuk Ismail Ibrahim at the studios yesterday.

PIMS is the product of a strategic agreement between British-based Pinewood Shepperton plc and Khazanah Nasional Bhd.

The 20ha PIMS complex includes 9,300sq m of film stages.

The biggest stage at 2,800sq m will have a water tank for production that requires work on or under water.

There are also two TV studios, each at 1,100sq m.

Pinewood Studios is a major British film studio situated in Iver Heath, Buckinghamshire, about 32km west of central London.

It has played host to many film and television productions over the years and is well known as the home of the Carry On …, Superman and James Bond film series.
 

1nottiboy

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Loyal
Now, I have a dilemma in investing next house. I did book teega( low floor facing west), and now I feel with the amt. of money I can buy a higher unit in the raffles suites ( sutera utama). :confused:Pls give advice on this . Thank you.

If its for investment, stick with Teega.
 

barra10

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Reported in The Star (30th Jan 2013)

Mah Sing eyes RM5bil GDV in Iskandar

KUALA LUMPUR: Mah Sing Group Bhd's vision is to become one of the largest lifestyle developers in the Iskandar Development Region (IDR) with a minimum gross development value (GDV) of at least RM5bil over the next few years.

It is targeting mainly foreigner s a nd will be opening a sales gallery in Singapore after the Chinese New Year celebration.

“We want to be one of the big players in Johor. We have done our homework and want to target homes for students and families around Educity. We see the Iskandar region thriving and a great beneficiary because of its proximity to Singapore,” Mah Sing group managing director Tan Sri Leong Hoy Kum told StarBiz.

The educational institutions in Educity include University of Reading from the United Kingdom, the Newcastle University Medicine Malaysia, the University of Southampton Malaysia campus, the Netherlands Maritime Institute of Technology, Raffles University Iskandar and Marlborough College Malaysia.

“We have received many queries from Singaporeans, South Koreans, Japanese and Indonesians about our properties.

“We will be organising buses to bring over interested buyers to view our sales gallery in the Iskandar region. We want to do this in a big way,” said Leong

Singapore had imposed more measures to curb speculation on residential and industrial properties after home prices climbed to a record high.

Some analysts said that the curbs would fuel demand for Johor properties.

Some of the measures introduced included the sta mp duty for buyers, which has been increased by between five and seven percentage points.

Permanent residents will have to pay the additional tax when they buy their first home, while Singaporeans will have to pay the levy from their second purchase onwards.

At present, Mah Sing has a GDV of RM2.29bil. It has s ome 433 acres in five projects in Johor.

The first is Meridin@Medini, which is an RM1.1bil inte grated project in the middle of the Medini special zone in Iskandar Malaysia, and 20 minutes from Singapore via the Second Link.

The first phase of the project will offer residences ranging from 500 sq ft to 1,500 sq ft indicatively priced from RM288,000per unit.

The entire development project will be undertaken in three phases over the next five years.

“This will attract Malaysians working in Singapore, Singaporeans and also those with children studying in EduCity. It becomes even more attractive because of the special incentives and tax breaks for foreigners who invest in Medini,” said Leong.

Meridin will comprise of residences, small office versatile offices, retail and corporate towers.

The project will be launched in the second half of next year although registration has commenced.

Meanwhile, the other project is Mah Sing's i-Parc, which is currently the only sizeable freehold industrial project neighbouring the Port of Tanjung Pelepas.

“It is designed to support the significant number of Singaporean companies on the hunt for costeffective operation hubs.

“Compared with Jurong in Singapore, Mah Sing i-Parc is freehold and has a freezone status, making it a premier industrial location,” said Leong.

Mah Sing is offering detached factories with built-up areas of 10,000 sq ft from RM2.6mil to RM4.3mil, and semi-detached factories with built-up areas of 5,075 sq ft from RM1.6mil and 6,475 sq ft from RM1.8mil.
 

barra10

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Reported in The Star (31 Jan 2013)

UEM Land keen to attract more China investors for Nusajaya

GELANG PATAH: UEM Land Holdings Bhd is keen on attracting more Chinese investors to Nusajaya following its success in getting a Chinese company to come in last December.

Senior general manager Mohd Nadzari Bachek said that seven years since its inception, more and more investors from China were realising the good growth prospects offered by Iskandar Malaysia.

“They (Chinese investors) are super rich and when they want to invest in property projects, they usually come in a big way,'' he told StarBiz yesterday.

Nadzari said this after presenting a 14-seater van which had been modified into a hearse for funeral activity for the Kampung Pok community held at the Kampung Pok mosque near here.

He said the company would look at ways to address the needs of Chinese investors, including those who had a penchant for large tracts of lands for development projects.

Last December, UEM Land signed a memorandum of understanding with Chinamall Holdings Pte Ltd to develop China Mall, a trade exhibition centre in Gerbang Nusajaya.

The 1.4-million sq ft mall on 12.94ha worth RM562mil will house 3,000 merchants from China offering products such as textile, gifts, souvenirs, furniture, electrical and household appliances, jewellery and toys.

“Last year, we also played host to investors from Qatar who were on the lookout for investment opportunities in Nusajaya,'' said Nadzari.

He said the company still had about 3,237.48ha slated for future development within Nusajaya, including 1,821.08ha in Gerbang Nusajaya near the second link crossing.

Nusajaya is one of the five flagship development zones in Iskandar spanning 2,217 sq km the other four being the JB City Centre, the Western Gate Development Zone, the Eastern Gate Development Zone and Senai-Kulai.

He said Singapore billionaire Peter Lim's investment in the 109.25ha Motorsports City at Gerbang Nusajaya had sent a strong signal to Singaporean investors to invest in Iskandar Malaysia.

The 70:30 joint venture between FASTrack Autosports Private Ltd from Singapore and UEM Land, valued at over RM3.5bil, will see both parties establishing the Motorsports City masterplan as well as the development and marketing strategies of the project.

On a separate note, he said the company would be launching two new high-end condominium projects in Puteri Harbour in the third quarter of the year.

Mohd Nadzari said the take-up rate for its two high-end ongoing condominium projects Imperia and Teega at Puteri Harbour with gross development values of RM330.7mil and RM1.1bil, respectively was good.
 

Valdez

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JPMorgan led a group of 25 investors from SG and KL for a tour of Iskandar, Johor property sites last wk, along with presentations by Iskandar Invmt Bhd (Khazanah -owned) , as well as Johor property stocks (ie. UEM Land, Sunway, WCT). JPM observes, the marketing trip points to strong, rising interest in Msia property plays (ex-REITs) given the segment's steep underperformance despite decent underlying on the ground fundamental
, in lieu of the election overhang risk.
JPM reiterates its preferred plays for the Iskandar theme via smaller players
 

Mspimples

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I been receiving a lot of emails from Malaysia developers organising tours to iskander properties such as HH, they even offer 2 days 1 night stay at the vacant unit for $88 per pax including food. The trip includes tours to different zone, projects as well as a mixed of condo and landed. Very aggressive sale strategy.
I was wondering, will there be oversupply since everyone is buying.
I bot a landed, so I wasnt so worried since the freehold land will eventually be taken somehow or rather
 

sgtsk

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Barra10[...Last December, UEM Land signed a memorandum of understanding with Chinamall Holdings Pte Ltd to develop China Mall, a trade exhibition centre in Gerbang Nusajaya...]

I thought Aptec in Eatern Zone is slated for this and much much bigger. It seems MPC the master developer for Aptec is not moving much. I am actually interested in this development which could be one of key drivers for IM growth. Anyone got update about Aptec?
 

Valdez

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MP: We cannot restrict foreign projects in Nusajaya

JOHOR BARU: Imposing a quota on the number of projects that foreigners can take up in Nusajaya will only drive investors away, Pulai MP Datuk Nur Jazlan Mohamed said.

Nur Jazlan said the suggestion recently by Malay Chamber of Commerce Malaysia president Syed Ali Al-Attas was not something that was viable today because Malaysia is not only facing stiff competition for foreign investors from Singapore and Indonesia but also from other developing countries in the region, including from Vietnam, Cambodia and Myanmar.

“It is not practical for us to tighten policies or chase away investors especially in Nusajaya as their decision to invest there will have an overall impact on the whole Iskandar Malaysia region and the state,” he said.

He was speaking to reporters after handing out RM100 cash aid to students at SK Temenggong Abdul Rahman 1 here yesterday.

Nur Jazlan, who is also UDA Holdings Bhd chairman, said claims that the rights of bumiputra businessmen were being undermined were also not true.

“The Government cannot be so strict with policies especially relating to Iskandar Malaysia but the rights of bumiputra businessmen and locals will not be sidelined.

“Whatever policies the Government comes up with must be balanced. Policies implemented in the 80s and 90s cannot be applied any more.

“Because of all the investments in Iskandar, we now have thousands of new job opportunities, a spike in tourism and even a spike in the property market,” he said, adding that the effect was also felt by the locals.

Nur Jazlan said that the only way for the people to develop was for foreign investors to come in and create healthy competition with local companies.

“Healthy competition will relate to better paying jobs, a booming economy and an overall increase in the people’s well-being,” he said, adding that the Government was also constantly introducing new policies and incentives to help the locals.

Syed Ali had, in a previous report, urged the Government to re-examine projects in Iskandar Malaysia and allocate 30% of the projects to bumiputra companies.
 

Valdez

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They cannot impose quote to curb foreigners into JB. But dont forget the Malaysians can vote them out and get the opposition in. A few days ago Straits Times covered a whole page of news of half a million Malaysians based in Singapore. Apparently those who have not returned to vote for 20-30 years ARE going back to vote and their vote goes to the opposition. 100% opposition. We have half a million more votes for the opposition this time compared to in the past. Its worrying what will happen if BN loses. I am quite sure there could even be a riot and richer minorities and foreigners could be the targets. Its always the case in Malaysia since Independence if you look at history.

Whenever things go wrong, they blame the rich and Singapore. The latter is always a punching bag since 1970s whenever there is elections around the corner.

If BN loses and loses badly and there will be riots and civil disorder.
remember may 13 1969. ? It was BN vs DAP, malay vs chinese.many thousands died. Stock markets in both Malaysia and singapore plunges during that period. Foreigners bailed out from both countries. Property prices crashed both sides of the causeway. So don t take comfort that you would not be affected even though you have not invested in Malaysian properties.
 

Mingchye

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If BN loses and loses badly and there will be riots and civil disorder.
remember may 13 1969. ? It was BN vs DAP, malay vs chinese.many thousands died. Stock markets in both Malaysia and singapore plunges during that period. Foreigners bailed out from both countries. Property prices crashed both sides of the causeway. So don t take comfort that you would not be affected even though you have not invested in Malaysian properties.

Respect your opinion but I think otherwise. This time there are Malays supporting PKR and PAS so its a mix of Malay + Chinese and Indians all supporting the opposition. Look at the past few gatherings eg. BERSIH rallies, the Anti-Lynas protests, the recent KL gathering, there were a mixture of races supporting the call for better governance, more accountability, cleaner elections, less corruption etc. Back in 1969, the Malays were disgruntled at the perceived wealth of the Chinese so it was truly as Malay vs Chinese then.
 
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Funniman

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Whatever happen in Malaysia, Singapore would be affected too. Why? Both countries are too dependent on each another. It is not a matter of who win or lose. Not a matter if opposition win and will keep the policies that were promised. It is the riots and mayhem just like what happen in Thailand. Riots means Sporeans will not be welcomed in Malaysia as it is actually the poor versus the rich in disguise.

Like it or not, Singapore economy will not be spared as foreigners/ fund managers take stock of economy as a region, not as an individual country.

If BN loses and loses badly and there will be riots and civil disorder.
remember may 13 1969. ? It was BN vs DAP, malay vs chinese.many thousands died. Stock markets in both Malaysia and singapore plunges during that period. Foreigners bailed out from both countries. Property prices crashed both sides of the causeway. So don t take comfort that you would not be affected even though you have not invested in Malaysian properties.
 

Valdez

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True enough if BN loses, no need big loss, Singapore will not be spared. But the impact is definitely not as great or drastic as in 1960s. Sometimes taking a step backwards allow a person to take two step forwards. Its not really a bad thing in the long term if opposition wrestles Putrajaya over from BN.

If Pakatan take over the reins of putrajaya and anwar becomes PM all of BN linked companies like UEM land might roll back and abandon all their iskandar projects. Why let anwar take the credit should iskandar succeed. All the UEM projects like puteri harbour, gerbang nusajaya and medini will collapsed. Anwar already predicted that if BN loses they will made it hell for him and his coalition if he becomes PM.
 

Funniman

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So in the end, who do you think will lose more? Malaysians will have nothing to lose as they they started with low capital in forms of land and depressed property prices. It is the Singaporeans who invested heavily got caught in a room with 2 elephants charging at each another.

If Pakatan take over the reins of putrajaya and anwar becomes PM all of BN linked companies like UEM land might roll back and abandon all their iskandar projects. Why let anwar take the credit should iskandar succeed. All the UEM projects like puteri harbour, gerbang nusajaya and medini will collapsed. Anwar already predicted that if BN loses they will made it hell for him and his coalition if he becomes PM.
 

IskandarRocks

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If Pakatan take over the reins of putrajaya and anwar becomes PM all of BN linked companies like UEM land might roll back and abandon all their iskandar projects. Why let anwar take the credit should iskandar succeed. All the UEM projects like puteri harbour, gerbang nusajaya and medini will collapsed. Anwar already predicted that if BN loses they will made it hell for him and his coalition if he becomes PM.

I am not into politics, but based on my experience, all I can say is that whatever the political agenda may be, it is not easy for a new government to start immediately rolling back on a project that has received and international media attention and been hailed by them. Not only that, business and political leaders have agreed that this project is fundamentally strong and benefecial to not only to both Singapore and Malaysia, but also to the region. If the new government does roll back on Iskandar, they will start losing credibility of international investors and they will start pulling back not just from Iskandar but also from other regions in Malaysia. Moreover, there is not just UEM, but a lot of other Malaysian companies now committed to Iskandar who will be extremely pissed off.

I grew up in Eastern India. The former Communist government of an eastern state West Bengal started building a satellite town outside an eastern city Kolkata with good real estate fundamentals given the lack of space in the city, and catalytic projects like Iskandar. There was a very radical change in government a few years back and real estate price dipped in the area as people thought that the new government will scale back on a project started by another government. However, on the other hand, the new government took advantage of the infrastructure already in place, and accelerated the project to prove in the eyes of business and international community that they are better. Real estate prices now are shooting up.

So, if there is a change of government and real estate prices crash in the short run, this may be an opportunity of a lifetime for those with nerves of steel and a good appetite for risk.
 
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shctaw

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Asset
Politicians whom won Johor will not want sudden change in Johor.

First move is to consolidate power.
 
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