ISKANDAR DEVELOPMENT REGION | Johor ( Southern Johor ) | General News & Updates

[Vince]

So the asian financial crisis and subprime mortgage fiasco affected JB only while the rest of the world like many cities affected by these crises continue to grow by leaps and bounds. Wow, JB must be the weakest city in the entire world if those ate your excuses for JB's demise....

Originally Posted by Mohd Shahril

it didnt take off because of this :- http://en.wikipedia.org/wiki/Financi...7%E2%80%932008

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

http://en.wikipedia.org/wiki/Bankrup...ehman_Brothers

http://useconomy.about.com/od/Financ...Crash-2008.htm

"The widely watched Dow Jones Industrial Average hit its all-time high on October 9, 2007, closing at 14,164.43. Less than 18 months later, it had fallen more than 50% to 6,594.44 on March 5, 2009. This wasn't the largest decline in history -- during the the Great Depression, the stock market took a 90% hit. However, it was more vicious -- it took only 18 months, while the fall during the Depression took over three years."

unless you were asleep you should know a lot of investment were cancelled out GLOBALLY, not just FDI coming to Malaysia.. the world was at the precipice of financial abyss, only ben bernanke printing press save the world back then, just barely..

and FYI, the world is not out of the woods yet...

http://en.wikipedia.org/wiki/Europea...gn-debt_crisis

http://en.wikipedia.org/wiki/2007%E2...conomic_crisis

so, in short, for Iskandar to get the kind of investment it has now, is already good... but going forward its hard to see a lot more of FDI coming in see this:-

http://www.wto.org/english/news_e/pres12_e/pr676_e.htm

demand for good is not there... so who wants to open up new factories... or add manufacturing bases.. UNLESS it can lower their operating cost.. so Iskandar might, might be a viable option...

Okay , end of rant..

[portman99]

Originally Posted by Vince

So the asian financial crisis and subprime mortgage fiasco affected JB onlywhile the rest of the world like many cities affected by these crises. Wow, JB must be the weakest city in the entire world if those ate your excuses for JB's demise....

Mohd. Shahril, I would suggest you not bother replying. His comments reflects his vast command of marco-economics and geo-politics.

[Mohd Shahril]

Originally Posted by portman99

Mohd. Shahril, I would suggest you not bother replying. His comments reflects his vast command of marco-economics and geo-politics.

today, i solemnly put my faith, to trust and revere the economic guru of all time, now, then, future and past... Vince

All hail Vince... the guiding light... All Hail...

[Vince]

Originally Posted by Mohd Shahril

today, i solemnly put my faith, to trust and revere the economic guru of all time, now, then, future and past... Vince

All hail Vince... the guiding light... All Hail...

You may rise.....

[rizalhakim]

[rizalhakim]

Originally Posted by rizalhakim

One Danga
3 blocks 36storey
618 units

[rizalhakim]

[rizalhakim]

Originally Posted by rizalhakim

interesting...
25storey, 260units
price from RM320k - 650k
http://ehome.kpkt.gov.my/ehome/Detai...UITES@NUSAJAYA

[patchay]

The Edge Financial Daily ::: Singapore MRT coming to Tanjung Puteri?
http://ow.ly/i/1e63x

Iskandar Malaysia today launched Low Carbon Society Blueprint
http://www.bernama.com/bernama/v6/ne....php?id=715400

Jakarta Globe ::: As Singapore Eyes Iskandar, Area Anticipates New Investment Wave
http://www.thejakartaglobe.com/busin...nt-wave/560674

Iskandar Malaysia Jan-Nov 2012 committed investments at MYR20.36 billion
http://www.theedgemalaysia.com/busin...VO50zQ.twitter

Singapore property investors move across Causeway for new opportunities
http://www.iproperty.com.my/news/605...-opportunities

Iskandar Waterfront and the remaking of Johor Baru City begins in 2013
The Star BizWeek | By B.K. SIDHU | Saturday December 8, 2012

TAN Sri Lim Kang Hoo was beaming with excitement to show off his grand plan for the makeover of Johor Baru when StarBizWeek met him for an interview recently.


Connection to the past: Johor Baru’s old bridge.

He had just got the plans approved for the makeover of the central business district (CBD) and the eastern side of the tip of Johor Baru (JB). The makeover of the CDB will change the face of several streets such as Jalan Wong Ah Fook, Jalan Segget, Jalan Ibrahim, and Jalan Meldrum which now house buildings that have been abandoned for a long time.

On the eastern side or the Tebrau coast, he wants to create a lifestyle haven similar to that of the Gold Coast in Australia. He is hoping to attract expatriates who are going to work at the oil and gas hub that is taking shape in Pengerang to reside at the Tebrau coast.

Combined with the Danga Bay development which is located at the western side of the southern tip of JB, he has over 1,619ha that will be developed into an waterfront city fronting Singapore over several years. IWH's over 1,619ha forms part of Iskandar Malaysia's 221,707ha and Iskandar is being built into a metropolis of the south. With the developments taking shape in Iskandar from theme parks to an edu-city and a water front city, investors are trickling in.

Singapore has shown its willingness to participate in the development but there is a need to really change the CBD into a more vibrant city to attract more investors from across the causeway and other countries. The other developer of plots of land in Iskandar Malaysia is Khazanah.


Rejuvenating JB heritage: Cascading Retail @ Bukit Timbalan.

“Fifteen years ago no one wanted to lend me a dollar and people used to a laugh at me when I showed the concept of creating JB into a waterfront city like Hong Kong-Shenzhen. They thought I was crazy. But now, they are same ones telling me that Johor Baru is going to be another Hong Kong-Shenzhen and I am not even talking,” he tells StarBizWeek in an interview.

This week he sealed his biggest deal yet. He sold 55 acres to one of China's biggest property developers, Country Garden Holdings Ltd, for nearly RM1bil and he says a lot more deals are in the pipeline including selling of an island made of reclaimed to an influential Singapore company. And all of IWH's land is sold on a joint venture basis except the 55 acres to Country Garden.

(snipped)

“We want to beautify the city, clean up the sea bed and sewerage, improve the landscape and traffic flow. There will also be a city tram and this new CDB will be themed as a heritage city,” he says. The makeover of the city is the state government's project and IWH has mandated to see it through. The city will be divided up into sections where there will be food and beverage areas, China town, Little India, a Malay street, and night-life attractions.

Work on beautification will begin in the first quarter of 2013 and the Johor state government will dish out tenders for the beautification of the CBD. It will also get involved in the cleaning and reclaiming of Sungai Segget, right now has the indignation of being labelled one of the smelliest rivers.

(snipped)

Danga Bay will be developed into a premier waterfront destination with features such as a cruise ship terminal, marina, fisherman's wharf and tower blocks to house commercial offices, hotels, exhibition and convention centres, and residential properties. Tebrau Coast will replicate the Gold Coast model where there will be high rise buildings comprising apartments, hotels, commercial buildings and also retail outlets.


Living with heritage: Artist impression of Boutique Hotel @ Bukit Timbalan

“We will be working with the Australian Walker Group on this over a 81ha site. The lifestyle product in Gold Coast is selling like hot cakes and we want the same concept here.

Some of the ongoing projects at the 1619ha owned by IWH include the RM500mil Azea Residences by a Singapore group, the RM105mil Plazzo Hotel & Serviced Suites by Waz Lian Group, RM20mil Tune Hotel project, Dijaya Corp Bhd is investing to build a high-end mixed development project that will have a gross development value (GDV) of about RM5bil. Burnsfield is building retail and commercial buildings that will have a GDV of about RM4bil. The Country Garden project will have a GDV of RM18bil.

(snipped)

But what he is excited about is the sale of a man-made island in the east side to a Singapore party. There are other investors from Singapore who are interested in the fisherman's wharf, which is one of the 10 projects in Danga Bay.

"The Indonesians are looking to buy some land to create lifestyle projects,” he adds.

"What we are creating is an international waterfront city. The buildings will all be high rise as just to clean up the rivers and reclaim the land we have to buy sand from Pengerang and that costs us a lot of money, hence our land is expensive.

Full Article:
>>> http://biz.thestar.com.my/news/story...iness/12426789

[rizalhakim]

Country Garden Residences @ Dangabay JB (Phase1)

[patchay]

Everyone is saying Legoland needs more shades etc.

ANd expand the F&B there. Need more shops and lifestyle components to compliment it.

[newbie11]

Medini mall should compliment it. But it's a disappointment

[funniman]

Originally Posted by rizalhakim

Where is this? Medini or Puteri Harbour?

[newbie11]

Isn't that raffles suites?

[funniman]

Originally Posted by newbie11

Isn't that raffles suites?

Yes, just want to know the site location

[newbie11]

Think it's in educity where they building campus

[funniman]

Originally Posted by newbie11

Think it's in educity where they building campus

I saw Raffles American School in East Ledang area...could this be related?

[Vince]

Originally Posted by patchay

Everyone is saying Legoland needs more shades etc.

ANd expand the F&B there. Need more shops and lifestyle components to compliment it.

People had been saying that since before it was built. Just look at the old threads....

It would have lots of things to compliment it if it were built in JB city proper.

[Vince]

Originally Posted by portman99

Your lack of patriotism dismays me! Even foreigners are wishing the project well and YOU a Citizen,hopes for it failure!!

Foreigners are interested to make a quick buck or escape from high costs of living. I am interested in the long-term well being of our nation.

Hitler, with his twisted sense of patriotism, brought the whole country down.

[Vince]

Originally Posted by portman99

I suppose the Singaporeans would be saying " Thank you, Malaysia!"

Look who's "patriotic" here.....