Re: Land and development on man-made Danga Bay island to cost RM8bil
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Re: Land and development on man-made Danga Bay island to cost RM8bil
Futuristic city of Malaysia
Futuristic city of Malaysia
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Re: Land and development on man-made Danga Bay island to cost RM8bil
By Farah Wahida:
http://www.propertyguru.com.my/prop...ange-to-minimum-property-price-for-foreigners
The government has no plans to raise the RM500,000 minimum property price for foreigners, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.
While the ministry had considered increasing the minimum price, it discovered that foreign buyers accounted for less than 10 percent of the overall transactions, with Singaporeans making up about five percent.
Nonetheless, “the government may review the ceiling price in future,” he noted, adding that the base price is a bit low considering the present circumstances.
Meanwhile, Malaysia is quickly becoming South East Asia’s education hub, attracting many parents from the region, especially in China, to buy houses in the country for their children, said Chor.
However, “property buyers should see the properties personally instead of making their decision solely on online information,” he told the media after launching a new property portal called Malaysia.SouFun.com.
“We’ve received many reports about false promises and advertisements for online purchases of other products.”
Hence, buyers are advised to visit Malaysia and view the properties to make sure that everything is alright. Moreover, developers can also set-up tours for buyers to view their properties, he added.
By Farah Wahida:
http://www.propertyguru.com.my/prop...ange-to-minimum-property-price-for-foreigners
The government has no plans to raise the RM500,000 minimum property price for foreigners, according to Housing and Local Government Minister Datuk Seri Chor Chee Heung.
While the ministry had considered increasing the minimum price, it discovered that foreign buyers accounted for less than 10 percent of the overall transactions, with Singaporeans making up about five percent.
Nonetheless, “the government may review the ceiling price in future,” he noted, adding that the base price is a bit low considering the present circumstances.
Meanwhile, Malaysia is quickly becoming South East Asia’s education hub, attracting many parents from the region, especially in China, to buy houses in the country for their children, said Chor.
However, “property buyers should see the properties personally instead of making their decision solely on online information,” he told the media after launching a new property portal called Malaysia.SouFun.com.
“We’ve received many reports about false promises and advertisements for online purchases of other products.”
Hence, buyers are advised to visit Malaysia and view the properties to make sure that everything is alright. Moreover, developers can also set-up tours for buyers to view their properties, he added.
Re: Land and development on man-made Danga Bay island to cost RM8bil
PM Lee, PM Najib launches 3 projects in Iskandar
JOHOR BAHRU: The Prime Ministers of Singapore and Malaysia launched two wellness projects in Medini at Iskandar Malaysia and a mixed development project at Danga Bay in Johor Bahru on Tuesday.
Fresh from the launch of joint development projects in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak travelled to neighbouring Johor Bahru where the two wellness developments were unveiled.
Afiniti Medini, an urban wellness project, is aimed at becoming a regional destination for families, tourists and professionals. It features a wellness centre, service apartments, a corporate training centre and retail space. Afinity Medini is expected to be completed by the end of 2015.
Both leaders also launched Avira, another resort wellness project at Medini Central which will have homes, serviced apartments and commercial space. The development is expected to be completed in 2018.
The two projects are jointly developed by Khazanah Nasional and Temasek Holdings.
Medini is among the five flagship zones at Iskandar Malaysia and is a 40-minute drive to the Central Business District in Singapore.
Both projects will have a total gross development value of three billion ringgit.
Mr Najib acknowledged that the success of the Iskandar project has exceeded the original plans and there has been a significant increase in investments from Singapore companies in Iskandar Malaysia.
Mr Najib said: "We both agree that we should develop something which develops the true meaning of the word "iconic" and from what I can see it befits the description. This will be truly an iconic and and landmark project which will certainly bring much benefit not only to those people involved in this project and users of this projects, but also indicative of the growing stronger ties of the two countries.
"I would say there is a significant increase of investments from Singapore. During our bilateral discussions this morning, we stressed the importance of the Industrial Working Group to meet on regular basis to encourage investors from Singapore to relocate their investments here, as well as for new investments to take place here in Iskandar."
Mr Lee said: "This is going to be an oasis not only for people from Malaysia or Singapore, but perhaps from all over the region to come and recharge their batteries, enjoy the environment and absorb the spirit of wellness."
He said the Malaysian government had shown commitment and drive to develop Iskandar Malaysia.
Mr Lee said: "A lot of investments have come in from the government, a lot of investment has come in from the private sector and significant amount of that has come from Singapore.
"I believe there is a lot of potential because from Singapore's point of view, we are developing and at the same time, there is a lot of spillover of what Singapore companies which want to expand or companies which want to come to Singapore but can't quite fit into Singapore. I think Iskandar offers a prime opportunity for them.
"As long as the Malaysian government pursues this to develop Iskandar and to link up with Singapore, the prospects are very good and from Singapore's point of view, we are very happy it is going to succeed."
Also launched on Tuesday is a 3.2 billion ringgit joint venture project in Danga Bay - a 20-minute drive from the Causeway.
Mr Najib and Mr Lee witnessed the signing ceremony for the Memorandum of Understanding by CapitaLand, Iskandar Waterfront and Temasek Holdings.
- CNA/fa/de
PM Lee, PM Najib launches 3 projects in Iskandar
JOHOR BAHRU: The Prime Ministers of Singapore and Malaysia launched two wellness projects in Medini at Iskandar Malaysia and a mixed development project at Danga Bay in Johor Bahru on Tuesday.
Fresh from the launch of joint development projects in Singapore, Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak travelled to neighbouring Johor Bahru where the two wellness developments were unveiled.
Afiniti Medini, an urban wellness project, is aimed at becoming a regional destination for families, tourists and professionals. It features a wellness centre, service apartments, a corporate training centre and retail space. Afinity Medini is expected to be completed by the end of 2015.
Both leaders also launched Avira, another resort wellness project at Medini Central which will have homes, serviced apartments and commercial space. The development is expected to be completed in 2018.
The two projects are jointly developed by Khazanah Nasional and Temasek Holdings.
Medini is among the five flagship zones at Iskandar Malaysia and is a 40-minute drive to the Central Business District in Singapore.
Both projects will have a total gross development value of three billion ringgit.
Mr Najib acknowledged that the success of the Iskandar project has exceeded the original plans and there has been a significant increase in investments from Singapore companies in Iskandar Malaysia.
Mr Najib said: "We both agree that we should develop something which develops the true meaning of the word "iconic" and from what I can see it befits the description. This will be truly an iconic and and landmark project which will certainly bring much benefit not only to those people involved in this project and users of this projects, but also indicative of the growing stronger ties of the two countries.
"I would say there is a significant increase of investments from Singapore. During our bilateral discussions this morning, we stressed the importance of the Industrial Working Group to meet on regular basis to encourage investors from Singapore to relocate their investments here, as well as for new investments to take place here in Iskandar."
Mr Lee said: "This is going to be an oasis not only for people from Malaysia or Singapore, but perhaps from all over the region to come and recharge their batteries, enjoy the environment and absorb the spirit of wellness."
He said the Malaysian government had shown commitment and drive to develop Iskandar Malaysia.
Mr Lee said: "A lot of investments have come in from the government, a lot of investment has come in from the private sector and significant amount of that has come from Singapore.
"I believe there is a lot of potential because from Singapore's point of view, we are developing and at the same time, there is a lot of spillover of what Singapore companies which want to expand or companies which want to come to Singapore but can't quite fit into Singapore. I think Iskandar offers a prime opportunity for them.
"As long as the Malaysian government pursues this to develop Iskandar and to link up with Singapore, the prospects are very good and from Singapore's point of view, we are very happy it is going to succeed."
Also launched on Tuesday is a 3.2 billion ringgit joint venture project in Danga Bay - a 20-minute drive from the Causeway.
Mr Najib and Mr Lee witnessed the signing ceremony for the Memorandum of Understanding by CapitaLand, Iskandar Waterfront and Temasek Holdings.
- CNA/fa/de
Re: Land and development on man-made Danga Bay island to cost RM8bil
More from this morning Business Times.
CapitaLand, Iskandar Waterfront and Temasek in Danga Bay venture
SINGAPORE's CapitaLand has wrangled a superior deal for 71 acres (28.7 hectares) of land for a mixed development in Johor Bahru's Danga Bay on the strength of its better value proposition, say analysts.
The real estate giant's freehold plot, sited on a reclaimed island called A2, is valued at RM811 million (S$323.9 million), which works out to RM262 psf.
It is about 30 per cent less than the RM900 million which Chinese property developer Country Gardens Holding Co Ltd paid in December for a 55-acre tract.
Both parcels are within a 6km stretch of JB's waterfront development, a showpiece of Iskandar Malaysia, the development corridor in southern Johor.
The Chinese developer was far quicker to sign on the dotted line than CapitaLand, which realtors said had been negotiating the deal for some 21/2 years.
One reason Iskandar Waterfront Holdings Sdn Bhd (IWH), the Danga Bay master planner and land owner, appears to have driven a "softer" bargain with CapitaLand is that it is a party to the joint-venture project, the estimated gross development value of which is RM8 billion.
IWH will own 40 per cent, CapitaLand's wholly-owned subsidiary CapitaLand Malaysia Pte Ltd will take 51 per cent, and Temasek, 9 per cent.
More significant perhaps, is the clout or "follow through" that can be expected from CapitaLand's commitment. AmResearch said in a note to its clients yesterday: "CapitaLand, with its group of companies, offers a complete value proposition to IWH in accelerating the maturity of Danga Bay."
A realtor added: "When CapitaLand goes to China or Vietnam, its companies follow."
He pointed out that the RM262 psf average is similar to that paid by Malaysian developer Dijaya Corporation in 2011 for Danga Bay land. Dijaya has since built three luxury condominium blocks in a joint venture with IWH, which is 60 per cent owned by businessman Lim Kang Hoo through his privately held Credence Resources Sdn Bhd. The state government holds the balance via Kumpulan Prasarana Rakyat Johor.
The units in the condominium, called Tropez Residences, were launched at RM600 psf at the end of 2011; the psf price later rose to about RM750 psf.
The successful take-up of the three blocks has spurred Dijaya to invest further in the area; last month, it acquired an adjacent plot of land (260,227 sq ft) for RM85.8 million, on which it plans to build a hotel and commercial units.
AmResearch said that the residential units on A2 will likely be priced above RM1,000 psf - a level at which some high-end condo launches in Iskandar are already going at, given its anticipated "ambience", tighter security and target market.
Land and home prices have been accelerating in the special economic zone in light of growing interest and confidence in it.
Curbs on foreign purchases in Asian jurisdictions such as Hong Kong and Singapore have also prodded international buyers to take a second look at Iskandar. Realtors say mainland Chinese are now some of the keenest.
Thus far, IWH has sold nearly 200 acres or a 10th of its 2,000 acre landbank in Danga Bay. Negotiations are ongoing with a number of investors, including those from Korea and Japan.
More from this morning Business Times.
CapitaLand, Iskandar Waterfront and Temasek in Danga Bay venture
SINGAPORE's CapitaLand has wrangled a superior deal for 71 acres (28.7 hectares) of land for a mixed development in Johor Bahru's Danga Bay on the strength of its better value proposition, say analysts.
The real estate giant's freehold plot, sited on a reclaimed island called A2, is valued at RM811 million (S$323.9 million), which works out to RM262 psf.
It is about 30 per cent less than the RM900 million which Chinese property developer Country Gardens Holding Co Ltd paid in December for a 55-acre tract.
Both parcels are within a 6km stretch of JB's waterfront development, a showpiece of Iskandar Malaysia, the development corridor in southern Johor.
The Chinese developer was far quicker to sign on the dotted line than CapitaLand, which realtors said had been negotiating the deal for some 21/2 years.
One reason Iskandar Waterfront Holdings Sdn Bhd (IWH), the Danga Bay master planner and land owner, appears to have driven a "softer" bargain with CapitaLand is that it is a party to the joint-venture project, the estimated gross development value of which is RM8 billion.
IWH will own 40 per cent, CapitaLand's wholly-owned subsidiary CapitaLand Malaysia Pte Ltd will take 51 per cent, and Temasek, 9 per cent.
More significant perhaps, is the clout or "follow through" that can be expected from CapitaLand's commitment. AmResearch said in a note to its clients yesterday: "CapitaLand, with its group of companies, offers a complete value proposition to IWH in accelerating the maturity of Danga Bay."
A realtor added: "When CapitaLand goes to China or Vietnam, its companies follow."
He pointed out that the RM262 psf average is similar to that paid by Malaysian developer Dijaya Corporation in 2011 for Danga Bay land. Dijaya has since built three luxury condominium blocks in a joint venture with IWH, which is 60 per cent owned by businessman Lim Kang Hoo through his privately held Credence Resources Sdn Bhd. The state government holds the balance via Kumpulan Prasarana Rakyat Johor.
The units in the condominium, called Tropez Residences, were launched at RM600 psf at the end of 2011; the psf price later rose to about RM750 psf.
The successful take-up of the three blocks has spurred Dijaya to invest further in the area; last month, it acquired an adjacent plot of land (260,227 sq ft) for RM85.8 million, on which it plans to build a hotel and commercial units.
AmResearch said that the residential units on A2 will likely be priced above RM1,000 psf - a level at which some high-end condo launches in Iskandar are already going at, given its anticipated "ambience", tighter security and target market.
Land and home prices have been accelerating in the special economic zone in light of growing interest and confidence in it.
Curbs on foreign purchases in Asian jurisdictions such as Hong Kong and Singapore have also prodded international buyers to take a second look at Iskandar. Realtors say mainland Chinese are now some of the keenest.
Thus far, IWH has sold nearly 200 acres or a 10th of its 2,000 acre landbank in Danga Bay. Negotiations are ongoing with a number of investors, including those from Korea and Japan.
Re: Land and development on man-made Danga Bay island to cost RM8bil
Coming soon: Iskandar's huge 'wellness corner'
THE region's growing ageing population will soon have a new oasis for their wellness needs: two flagship projects in Iskandar Malaysia jointly developed by Temasek and Malaysia's Khazanah Nasional and worth a combined RM3 billion (S$1.2 billion) were unveiled yesterday.
Avira, a 210-acre (85 hectares) resort wellness project located in Medini, the flagship zone B of Iskandar Malaysia, will comprise landed residences, condominiums, service apartments and a commercial hub. A wellness sanctuary will be the focal point of the development, which will target residents who seek a retreat-like lifestyle all year round away from the hustle and bustle of city life.
Afiniti Medini, a 4.5-acre urban wellness project, is the second of the two developments by Pulau Indah Ventures (PIV) - a 50:50 joint-venture company of Temasek and Khazanah to develop both projects. Located in the northern part of Medini, it will consist of a wellness centre, service apartments and a corporate training centre, among various things.
"For this kind of difficult project, we are obviously optimistic, given the evolving population demographics," said Tan See Leng, executive director of IHH Healthcare, Khazanah's investee company that will own and develop the 15-acre Gleneagles Medini Hospital. The 300-bed comprehensive and fully integrated healthcare platform, which will start its first phase of development next year, will bolster the wellness experience that both projects aim to offer.
Dr Tan, who is also the group CEO and managing director of Parkway Pantai, a wholly owned subsidiary of IHH Healthcare, said the rapidly rising ageing population is the kind of target group that would want to subscribe to this "live well, eat well, live long and prosper" mentality. "This is a very novel concept and we believe that this spirit of innovation will bring this wellness village and city to a new height," he added.
Avira, which will be developed by Nuri Merdu, a 50:50 joint venture between Galaxy Prestige and PIV, will feature a 12.5-acre wellness sanctuary, 96 bungalow units, 458 units of terrace homes, 168 semi-detached homes, 1,769 condominium units, 320 service apartment units and 13.8 acres of commercial space. Developers paid RM350 million to acquire the land for the Avira project, equivalent to RM25 per square foot for the 14 million sq ft of gross floor area. The first phase of this development will be launched this July and landed units, which will take about two years to complete, will be sold at an estimated RM420 per square foot. This means that a double-storey terrace house of 2,200 sq ft will cost RM924,000.
The developers hope to attract Singaporean homebuyers who are more than 40 years old, have made achievements in their careers and are looking for a holistic environment built on the concept of a resort wellness lifestyle and the ideology of "prolonging active years", a representative of Eastern & Oriental (E&O), the parent company of Galaxy Prestige, told BT.
Afiniti Medini, with a gross floor area of 699,000 sq ft and a project development cost of RM300 million, will be launched in the middle of this year. Targeted to be completed by the end of 2015, Afiniti aims to be a regional destination for families, tourists and professionals looking to combine wellness, retail and hospitality with corporate training needs.
The development is situated next to Legoland Malaysia, and between Medini Mall and Gleneagles Medini Hospital. It will feature the 33-storey and 310-unit Somerset Medini service apartments managed by The Ascott Ltd and a four-storey corporate training centre housing its anchor tenant, CIMB's Leadership Academy.
Afiniti will also include the Oasis, a 147-unit development of premium strata residences consisting of studio, 1, 2 and 2+1 bedroom units. Priced at RM700-800 psf, a 500-1,000 sq ft studio apartment could cost RM350,000-800,000.
The Ascott said the project will be able to attract significant traffic flow as it targets professionals who are there for corporate training, visiting faculty from the higher education institutes located in Educity Iskandar and medical tourism from the adjacent Gleneagles Medini Hospital, all of whom will be keen on short-term stays at the service apartments.
Prime Minister Lee Hsien Loong and Malaysian Prime Minister Najib Razak yesterday unveiled the names of both developments at the Medini Mall, describing them as "iconic".
"This is going to be an oasis not only for people from Malaysia or Singapore but also perhaps from all over the region to come to recharge their batteries, to enjoy the environment, and to absorb the spirit of wellness," said Mr Lee.
Mr Najib said the landmark project will further strengthen bilateral ties between both countries. "This is just the beginning of a significant increase in investment from Singapore. During our bilateral discussions this morning, we stressed importance of the industrial working group to meet on a regular basis, to encourage investors from Singapore to relocate investment here as well as for new investment to take place here in Iskandar," said Mr Najib.
Mr Lee reckoned there was potential for this relationship to expand because of the spillover from Singapore's development.
"Singapore companies who want to expand or companies which want to come to Singapore but can't quite fit into Singapore" will find Iskandar Malaysia has prime opportunities, he said.
Coming soon: Iskandar's huge 'wellness corner'
THE region's growing ageing population will soon have a new oasis for their wellness needs: two flagship projects in Iskandar Malaysia jointly developed by Temasek and Malaysia's Khazanah Nasional and worth a combined RM3 billion (S$1.2 billion) were unveiled yesterday.
Avira, a 210-acre (85 hectares) resort wellness project located in Medini, the flagship zone B of Iskandar Malaysia, will comprise landed residences, condominiums, service apartments and a commercial hub. A wellness sanctuary will be the focal point of the development, which will target residents who seek a retreat-like lifestyle all year round away from the hustle and bustle of city life.
Afiniti Medini, a 4.5-acre urban wellness project, is the second of the two developments by Pulau Indah Ventures (PIV) - a 50:50 joint-venture company of Temasek and Khazanah to develop both projects. Located in the northern part of Medini, it will consist of a wellness centre, service apartments and a corporate training centre, among various things.
"For this kind of difficult project, we are obviously optimistic, given the evolving population demographics," said Tan See Leng, executive director of IHH Healthcare, Khazanah's investee company that will own and develop the 15-acre Gleneagles Medini Hospital. The 300-bed comprehensive and fully integrated healthcare platform, which will start its first phase of development next year, will bolster the wellness experience that both projects aim to offer.
Dr Tan, who is also the group CEO and managing director of Parkway Pantai, a wholly owned subsidiary of IHH Healthcare, said the rapidly rising ageing population is the kind of target group that would want to subscribe to this "live well, eat well, live long and prosper" mentality. "This is a very novel concept and we believe that this spirit of innovation will bring this wellness village and city to a new height," he added.
Avira, which will be developed by Nuri Merdu, a 50:50 joint venture between Galaxy Prestige and PIV, will feature a 12.5-acre wellness sanctuary, 96 bungalow units, 458 units of terrace homes, 168 semi-detached homes, 1,769 condominium units, 320 service apartment units and 13.8 acres of commercial space. Developers paid RM350 million to acquire the land for the Avira project, equivalent to RM25 per square foot for the 14 million sq ft of gross floor area. The first phase of this development will be launched this July and landed units, which will take about two years to complete, will be sold at an estimated RM420 per square foot. This means that a double-storey terrace house of 2,200 sq ft will cost RM924,000.
The developers hope to attract Singaporean homebuyers who are more than 40 years old, have made achievements in their careers and are looking for a holistic environment built on the concept of a resort wellness lifestyle and the ideology of "prolonging active years", a representative of Eastern & Oriental (E&O), the parent company of Galaxy Prestige, told BT.
Afiniti Medini, with a gross floor area of 699,000 sq ft and a project development cost of RM300 million, will be launched in the middle of this year. Targeted to be completed by the end of 2015, Afiniti aims to be a regional destination for families, tourists and professionals looking to combine wellness, retail and hospitality with corporate training needs.
The development is situated next to Legoland Malaysia, and between Medini Mall and Gleneagles Medini Hospital. It will feature the 33-storey and 310-unit Somerset Medini service apartments managed by The Ascott Ltd and a four-storey corporate training centre housing its anchor tenant, CIMB's Leadership Academy.
Afiniti will also include the Oasis, a 147-unit development of premium strata residences consisting of studio, 1, 2 and 2+1 bedroom units. Priced at RM700-800 psf, a 500-1,000 sq ft studio apartment could cost RM350,000-800,000.
The Ascott said the project will be able to attract significant traffic flow as it targets professionals who are there for corporate training, visiting faculty from the higher education institutes located in Educity Iskandar and medical tourism from the adjacent Gleneagles Medini Hospital, all of whom will be keen on short-term stays at the service apartments.
Prime Minister Lee Hsien Loong and Malaysian Prime Minister Najib Razak yesterday unveiled the names of both developments at the Medini Mall, describing them as "iconic".
"This is going to be an oasis not only for people from Malaysia or Singapore but also perhaps from all over the region to come to recharge their batteries, to enjoy the environment, and to absorb the spirit of wellness," said Mr Lee.
Mr Najib said the landmark project will further strengthen bilateral ties between both countries. "This is just the beginning of a significant increase in investment from Singapore. During our bilateral discussions this morning, we stressed importance of the industrial working group to meet on a regular basis, to encourage investors from Singapore to relocate investment here as well as for new investment to take place here in Iskandar," said Mr Najib.
Mr Lee reckoned there was potential for this relationship to expand because of the spillover from Singapore's development.
"Singapore companies who want to expand or companies which want to come to Singapore but can't quite fit into Singapore" will find Iskandar Malaysia has prime opportunities, he said.
Re: Land and development on man-made Danga Bay island to cost RM8bil
A real road-based 3rd link will be in the feasibility study stage soon.
S'pore, M'sia agree on new high-speed rail link
BY LEE U-WEN
PUBLISHED FEBRUARY 19, 2013
Singapore and Malaysia have agreed to build a new high-speed rail link between Kuala Lumpur and Singapore by 2020.
This was announced by Prime Minister Lee Hsien Loong and visiting Malaysian Prime Minister Najib Razak at their annual leaders' retreat here.
A one-way journey will take just 90 minutes, and both leaders described this project as a "game changer" for the two countries in terms of doing business and transforming the way people interact.
"This is a strategic development in bilateral relations that will dramatically improve the connectivity between Malaysia and Singapore. It will usher in a new era of strong growth, prosperity, and opportunities for both countries," said Mr Lee and Mr Najib in a joint statement.
Separately, it was also announced that Singapore and Malaysia will study the feasibility of a third road link between the two sides over the longer term.
http://www.businesstimes.com.sg/bre...-msia-agree-new-high-speed-rail-link-20130219
A real road-based 3rd link will be in the feasibility study stage soon.
S'pore, M'sia agree on new high-speed rail link
BY LEE U-WEN
PUBLISHED FEBRUARY 19, 2013
Singapore and Malaysia have agreed to build a new high-speed rail link between Kuala Lumpur and Singapore by 2020.
This was announced by Prime Minister Lee Hsien Loong and visiting Malaysian Prime Minister Najib Razak at their annual leaders' retreat here.
A one-way journey will take just 90 minutes, and both leaders described this project as a "game changer" for the two countries in terms of doing business and transforming the way people interact.
"This is a strategic development in bilateral relations that will dramatically improve the connectivity between Malaysia and Singapore. It will usher in a new era of strong growth, prosperity, and opportunities for both countries," said Mr Lee and Mr Najib in a joint statement.
Separately, it was also announced that Singapore and Malaysia will study the feasibility of a third road link between the two sides over the longer term.
http://www.businesstimes.com.sg/bre...-msia-agree-new-high-speed-rail-link-20130219
Last edited:
Re: Land and development on man-made Danga Bay island to cost RM8bil
A rail boost for property prices
KL-SINGAPORE HIGH-SPEED RAIL PROJECT: Kong expects areas surrounding the stations, rail line, to see greater development
PUTRAJAYA: THE high-speed rail (HSR) project between Malaysia and Singapore, which is expected to be completed by 2020, is going to be a major boost for areas surrounding stations along the line, Transport Minister Datuk Seri Kong Cho Ha said yesterday.
He said based on initial study, five new railway stations would be built at Seremban (Negri Sembilan), Ayer Keroh (Malacca), Muar, Batu Pahat and Iskandar Malaysia (Johor) before heading towards Singapore.
"This will bring about development in these areas around the train stations and also along the railway line," he said at the ministry's Chinese New Year celebration here yesterday.
Prime Minister Datuk Seri Najib Razak and his Singaporean counterpart, Lee Hsien Loong, made the announcement on the project after a meeting and bilateral talks in conjunction with the Malaysia-Singapore Leaders' Retreat in Singapore on Tuesday.
Both leaders agreed that this was a strategic development to bilateral relations that will dramatically improve the connectivity between Malaysia and Singapore.
Kong said the 400km rail link would enable the travel time between the two cities to be reduced to a mere 90 minutes.
Analysts said the HSR project offered a big re-rating catalyst for Malaysian properties, especially the real estate segment in Kuala Lumpur in the long term.
RHB Research analyst Loong Kok Wen said coupled with the mass rapid transit (MRT) network (Line 1, circle line and Line 3), he expected demand for houses and commercial properties such as malls, offices and hotels to increase in the future.
He added that key players that would likely benefit from the implementation of the HSR project and the MRT would include UEM Land Holdings Bhd, SP Setia Bhd, IJM Land Bhd, Sunway Bhd, UOA Group Singapore, KLCC Property Bhd and Pavilion REIT.
"We started seeing foreigners, mainly from Singapore, China and Hong Kong buying up properties in Kuala Lumpur, Iskandar Malaysia and Penang.
"If the HSR line stops in Johor Baru city centre and Malacca, properties there could also enjoy the spillover, given that it is a tourist spot," Loong said.
Loong also believes that the participation of Singapore government bodies or government-linked companies in Iskandar Malaysia, may signal that some investments from them could flow into Penang, which is a manufacturing and industrial hub, as well as a tourist hot spot, boosting demand for properties there.
A rail boost for property prices
KL-SINGAPORE HIGH-SPEED RAIL PROJECT: Kong expects areas surrounding the stations, rail line, to see greater development
PUTRAJAYA: THE high-speed rail (HSR) project between Malaysia and Singapore, which is expected to be completed by 2020, is going to be a major boost for areas surrounding stations along the line, Transport Minister Datuk Seri Kong Cho Ha said yesterday.
He said based on initial study, five new railway stations would be built at Seremban (Negri Sembilan), Ayer Keroh (Malacca), Muar, Batu Pahat and Iskandar Malaysia (Johor) before heading towards Singapore.
"This will bring about development in these areas around the train stations and also along the railway line," he said at the ministry's Chinese New Year celebration here yesterday.
Prime Minister Datuk Seri Najib Razak and his Singaporean counterpart, Lee Hsien Loong, made the announcement on the project after a meeting and bilateral talks in conjunction with the Malaysia-Singapore Leaders' Retreat in Singapore on Tuesday.
Both leaders agreed that this was a strategic development to bilateral relations that will dramatically improve the connectivity between Malaysia and Singapore.
Kong said the 400km rail link would enable the travel time between the two cities to be reduced to a mere 90 minutes.
Analysts said the HSR project offered a big re-rating catalyst for Malaysian properties, especially the real estate segment in Kuala Lumpur in the long term.
RHB Research analyst Loong Kok Wen said coupled with the mass rapid transit (MRT) network (Line 1, circle line and Line 3), he expected demand for houses and commercial properties such as malls, offices and hotels to increase in the future.
He added that key players that would likely benefit from the implementation of the HSR project and the MRT would include UEM Land Holdings Bhd, SP Setia Bhd, IJM Land Bhd, Sunway Bhd, UOA Group Singapore, KLCC Property Bhd and Pavilion REIT.
"We started seeing foreigners, mainly from Singapore, China and Hong Kong buying up properties in Kuala Lumpur, Iskandar Malaysia and Penang.
"If the HSR line stops in Johor Baru city centre and Malacca, properties there could also enjoy the spillover, given that it is a tourist spot," Loong said.
Loong also believes that the participation of Singapore government bodies or government-linked companies in Iskandar Malaysia, may signal that some investments from them could flow into Penang, which is a manufacturing and industrial hub, as well as a tourist hot spot, boosting demand for properties there.
Re: Land and development on man-made Danga Bay island to cost RM8bil
500kph Maglev trains proposed
MAGNETIC LEVITATION: Malaysia has potential to operate, manufacture and market technology globally
KUALA LUMPUR: A CONSORTIUM, led by UEM Group Bhd and ARA Group, is proposing a high-speed train technology that can travel up to 500kph, which is expected to be one of the world's fastest in terms of revenue service.
The UEM-Ara Consortium, which is vying for the high-speed rail (HSR) project linking Kuala Lumpur and Singapore, hopes that its proposal to use the magnetic levitation (Maglev) technology will be considered.
A spokesman for the ARA Group, a forerunner in the rail industry here, said that with the Maglev technology, the high-speed train could run, operationally, at between 430kph and 500kph.
The consortium is considering offering two types of services -- express and transit.
At 430kph, the express service would take 55 minutes, running non-stop from Kuala Lumpur and Singapore.
If between six and seven station stops are required for the 400km line in areas like Seremban, Malacca, Muar, Johor Baru and Tuas, the journey would then take 80 to 90 minutes.
Maglev is a system of transportation that suspends, guides and propels vehicles, predominantly trains.
It uses large numbers of electromagnets, mounted on a flange protruding inboard from the lower part of the train car, for lift and propulsion.
The technology was developed by Transrapid-International (TRI), an erstwhile cooperation between German conglomerates Siemens AG, ThyssenKrupp and MAX BÖGL.
Maglev's high-speed trains are currently operational only in Shanghai, China, since 2003, by Shanghai Maglev Transportation Co (SMTDC).
The daily operational speed is 430kph and has reached a record speed of 501kph, with punctuality registering at more than 99.7 per cent.
Its spokesman said Malaysia, with its prime geographical location and potential, could be the first in the world to break through with Maglev and manufacture and operate the technology here.
Subsequently, it would be possible to market the product globally.
He said Maglev technology had substantial advantages and was well-tailored for Malaysia's roadmap towards 2020.
The spokesman added that a centre of excellence (COE) could be set up here if the technology was implemented, especially for the HSR project, which is set to catapult Malaysia as a global transportation leader.
The COE will facilitate technology transfer between the German conglomerates, with support from SMTDC.
"Malaysia could be the region's aggregation and development hub by adopting the technology.
"The breaking point will be the development of the HSR line.
"This revolutionary avant-garde system has substantial advantages and is well-tailored for Malaysia's roadmap towards 2020."
The spokesman said Ara Group had concluded two studies on the use of the technology, with the help of ThyssenKrupp and SMTDC respectively.
"The outcome of both concept papers looks promising.
"Some of the highlights include a much reduced travel time.
"It will only take 55 minutes to get from Kuala Lumpur to downtown Singapore.
"By utilising the North-South Plus Expressway corridor, the consortium will require minimal land acquisition."
Maglev technology eliminates noise and vibration below 200kph and is suited for urban areas and inner cities.
Train derailments would also be a thing of the past, even with the train running at 500kph, he said.
There is also relatively low maintenance for trains running on Maglev as compared with the conventional high-speed rail, which will minimise long-term operational cost.
500kph Maglev trains proposed
MAGNETIC LEVITATION: Malaysia has potential to operate, manufacture and market technology globally
KUALA LUMPUR: A CONSORTIUM, led by UEM Group Bhd and ARA Group, is proposing a high-speed train technology that can travel up to 500kph, which is expected to be one of the world's fastest in terms of revenue service.
The UEM-Ara Consortium, which is vying for the high-speed rail (HSR) project linking Kuala Lumpur and Singapore, hopes that its proposal to use the magnetic levitation (Maglev) technology will be considered.
A spokesman for the ARA Group, a forerunner in the rail industry here, said that with the Maglev technology, the high-speed train could run, operationally, at between 430kph and 500kph.
The consortium is considering offering two types of services -- express and transit.
At 430kph, the express service would take 55 minutes, running non-stop from Kuala Lumpur and Singapore.
If between six and seven station stops are required for the 400km line in areas like Seremban, Malacca, Muar, Johor Baru and Tuas, the journey would then take 80 to 90 minutes.
Maglev is a system of transportation that suspends, guides and propels vehicles, predominantly trains.
It uses large numbers of electromagnets, mounted on a flange protruding inboard from the lower part of the train car, for lift and propulsion.
The technology was developed by Transrapid-International (TRI), an erstwhile cooperation between German conglomerates Siemens AG, ThyssenKrupp and MAX BÖGL.
Maglev's high-speed trains are currently operational only in Shanghai, China, since 2003, by Shanghai Maglev Transportation Co (SMTDC).
The daily operational speed is 430kph and has reached a record speed of 501kph, with punctuality registering at more than 99.7 per cent.
Its spokesman said Malaysia, with its prime geographical location and potential, could be the first in the world to break through with Maglev and manufacture and operate the technology here.
Subsequently, it would be possible to market the product globally.
He said Maglev technology had substantial advantages and was well-tailored for Malaysia's roadmap towards 2020.
The spokesman added that a centre of excellence (COE) could be set up here if the technology was implemented, especially for the HSR project, which is set to catapult Malaysia as a global transportation leader.
The COE will facilitate technology transfer between the German conglomerates, with support from SMTDC.
"Malaysia could be the region's aggregation and development hub by adopting the technology.
"The breaking point will be the development of the HSR line.
"This revolutionary avant-garde system has substantial advantages and is well-tailored for Malaysia's roadmap towards 2020."
The spokesman said Ara Group had concluded two studies on the use of the technology, with the help of ThyssenKrupp and SMTDC respectively.
"The outcome of both concept papers looks promising.
"Some of the highlights include a much reduced travel time.
"It will only take 55 minutes to get from Kuala Lumpur to downtown Singapore.
"By utilising the North-South Plus Expressway corridor, the consortium will require minimal land acquisition."
Maglev technology eliminates noise and vibration below 200kph and is suited for urban areas and inner cities.
Train derailments would also be a thing of the past, even with the train running at 500kph, he said.
There is also relatively low maintenance for trains running on Maglev as compared with the conventional high-speed rail, which will minimise long-term operational cost.
Afiniti at Medini by Somerset
Here is the website for Afiniti Medini:
http://www.afiniti.com.my/
For those interested can register here as well. I have no personal interest, all I can say is fantastic location, in between Gleneagles Medini and Mall of Medini, close to Legoland. I passed by today and construction cranes already on site.
I am not sure, but being in Medini, most likely 99 year leasehold and no 500k lower limit for foreigners.
Here is the website for Afiniti Medini:
http://www.afiniti.com.my/
For those interested can register here as well. I have no personal interest, all I can say is fantastic location, in between Gleneagles Medini and Mall of Medini, close to Legoland. I passed by today and construction cranes already on site.
I am not sure, but being in Medini, most likely 99 year leasehold and no 500k lower limit for foreigners.
Re: Afiniti at Medini by Somerset
Where to see the master plan model? Iskandar office or uem office?
Where to see the master plan model? Iskandar office or uem office?
Re: Afiniti at Medini by Somerset
There are two Masterplan - Iskandar Masterplan in which Nusajaya is part of that and Nusajaya Masterplan. To see the Nusajaya Masterplan, you go to UEM office (East Ledang) and for Iskandar Masterplan go to Iskandar (IRDA @ Danga Bay). So, it depends on what you are looking for.
N
There are two Masterplan - Iskandar Masterplan in which Nusajaya is part of that and Nusajaya Masterplan. To see the Nusajaya Masterplan, you go to UEM office (East Ledang) and for Iskandar Masterplan go to Iskandar (IRDA @ Danga Bay). So, it depends on what you are looking for.
N
Re: Afiniti at Medini by Somerset
This picture is beautiful for people whom love space and emptiness.
As an investor; it is an ugly picture of endless land.
Ask any other season investors whom own more than 5 properies before to choose from the 2 pictures to invest. I wonder which one will they pick?
Please remember we are not talking about JB vs KL. We are talking about 2 spot in Johor.
This picture is beautiful for people whom love space and emptiness.
As an investor; it is an ugly picture of endless land.
Ask any other season investors whom own more than 5 properies before to choose from the 2 pictures to invest. I wonder which one will they pick?
Please remember we are not talking about JB vs KL. We are talking about 2 spot in Johor.
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Re: Afiniti at Medini by Somerset
One of the respected property consultant view :
"Ku Swee Yong, CEO, International Property Advisor, said: “How come these launches are held in Singapore and not Kuala Lumpur? Because people in Kuala Lumpur would not accept a price of 900 ringgit per square foot (psf) at Puteri Harbour when in KL, Bukit Bintang, your new launches may be 1300, up to the most expensive 2000 ringgit psf. Slightly older properties that are freehold are 900 ringgit psf at Bukit Bintang, that’s where the expats are. For investors who are seriously keen to get a pad in Iskandar, look around at second-hand properties at Johor Bahru City Centre, second hand properties could still be at the 400 ringgit psf mark.”
Analysts also warn investors that it may not be easy selling a resale home in Malaysia.
Mr Ku said: “Resale is a very thin market, could be less than 10 percent of the total volume per year. So many investors are sitting on paper gains, those who have gone into Iskandar in 2006, 2007, prior to Lehman crisis. Today, they are sitting on paper gains of maybe 100 percent, but to find a buyer to take over your property on the resale market is very tough, because of the abundant supply of new sales.”
Iskandar Malaysia is three times the size of Singapore and it is estimated to have a population of over 1.3 million people by 2025.
Analysts say there may be a need to ramp up population growth and job creation in order to drive rental returns for property investors.
Mr Ku said, “Rental returns there then depends on job creation, so with so much residential launches we need to see a significant level of support from industrial and commercial investments, where enterprises are creating new jobs there.”
One of the respected property consultant view :
"Ku Swee Yong, CEO, International Property Advisor, said: “How come these launches are held in Singapore and not Kuala Lumpur? Because people in Kuala Lumpur would not accept a price of 900 ringgit per square foot (psf) at Puteri Harbour when in KL, Bukit Bintang, your new launches may be 1300, up to the most expensive 2000 ringgit psf. Slightly older properties that are freehold are 900 ringgit psf at Bukit Bintang, that’s where the expats are. For investors who are seriously keen to get a pad in Iskandar, look around at second-hand properties at Johor Bahru City Centre, second hand properties could still be at the 400 ringgit psf mark.”
Analysts also warn investors that it may not be easy selling a resale home in Malaysia.
Mr Ku said: “Resale is a very thin market, could be less than 10 percent of the total volume per year. So many investors are sitting on paper gains, those who have gone into Iskandar in 2006, 2007, prior to Lehman crisis. Today, they are sitting on paper gains of maybe 100 percent, but to find a buyer to take over your property on the resale market is very tough, because of the abundant supply of new sales.”
Iskandar Malaysia is three times the size of Singapore and it is estimated to have a population of over 1.3 million people by 2025.
Analysts say there may be a need to ramp up population growth and job creation in order to drive rental returns for property investors.
Mr Ku said, “Rental returns there then depends on job creation, so with so much residential launches we need to see a significant level of support from industrial and commercial investments, where enterprises are creating new jobs there.”
Re: Afiniti at Medini by Somerset
......both are related aren't they? More like a matter of preference rather than better or lesser...
......both are related aren't they? More like a matter of preference rather than better or lesser...
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Re: Afiniti at Medini by Somerset
Also the recent news about afiniti Medini has a huge shopping mall below the condo, corporate training centre and a world class integrated wellness centre.
http://www.youtube.com/watch?v=KipQifuDmc0
Also the recent news about afiniti Medini has a huge shopping mall below the condo, corporate training centre and a world class integrated wellness centre.
http://www.youtube.com/watch?v=KipQifuDmc0
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