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Old November 1st, 2012, 07:03 PM   #221
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This town is bad and you should feel bad.
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Old November 3rd, 2012, 09:57 AM   #222
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Tropez Residences @ Danga Bay JB



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Progress



Long way to go...
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Old November 14th, 2012, 05:00 PM   #223
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RM12b Sunway resort city in Johor
By SHAREN KAUR Published: 2012/11/14
http://www.btimes.com.my/Current_New...cle/index_html

2014 LAUNCH : Project in Medini to be a replica of integrated development in Bandar Sunway, Selangor

SUNWAY Bhd's award-winning Sunway Integrated Resort City (SIRC) in Bandar Sunway, Selangor, will be replicated in Johor from 2014, with a RM12 billion gross development value (GDV).

The managing director of Sunway's property development division Ho Hon Sang is bullish on the project due to the large number of foreigners buying properties worth above RM1 million in the state.

Ho told Business Times in an interview that Sunway will offer a wide range of properties when it launches them in phases from 2014.

"The properties would start from RM500,000 to above RM1 million each, catering to the medium- to high-end segments. We will be addressing issues on affordability," Ho said.

Sunway acquired 277ha in Medini Iskandar last year for RM745.3 million, via a joint-venture vehicle with Khazanah Nasional Bhd.

The acquisition is in line with Sunway's strategy to extend its expertise in building and managing integrated cities, as exemplified by its projects in Bandar Sunway, Sunway City Ipoh, Sunway Velocity and Sunway Damansara.

The choice to build in Medini would offer Sunway a window of opportunities. Medini is home to other developments like Legoland Malaysia, Pinewood Iskandar Malaysia Studios, Edu City, Kota Iskandar and the International Financial District.

To extend its interest in the state, Sunway bought a 35.2ha land near Taman Molek in Johor Baru to build apartments, condominiums, semi-detached houses, townhouses and bungalows, with expected GDV of around RM1 billion.

Ho said both the projects in Johor are in the planning stage.
He said the project in Medini, which will be transformed into an integrated development similar to SIRC, is expected to attract foreign interest.

SIRC, which started in 1986, is the only integrated resort city in Malaysia which fully encapsulates the "livability" concept with the presence of six key components - mall, hotel, office, theme park, education institute and medical centre.

"Our flagship project in Johor will be the development near Taman Molek, which we aim to launch by the middle of next year.

We are bullish on the project. There are a lot of international players within the vicinity of Taman Molek, especially foreign banks. We believe there is a market for new houses," Ho said.
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Old November 21st, 2012, 04:20 PM   #224
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Johor Bahru's rapid condo, apartment development
Last updated on 20 November 2012 - 09:56pm
http://www.thesundaily.my/news/545705

JOHOR BAHRU (Nov 20, 2012): The increase in land prices and changing trends of buyers have been identified as the reasons for the rapid development of condominiums and apartments in Johor Bahru currently.

Chairman of Real Estate and Housing Developers' Association (Rehda) Johor Branch, Koh Moo Hing said the young generation are now more interested to live in condominiums and apartments due to trend and security factors.

"Property buyers, particularly amongst the young generation now choose the gated and guarded concept such as condominiums and apartments as they place more importance on the security factor," he told Bernama in an interview today.

According to him, property development players in Johor Bahru were not really interested to build condominiums and apartments in the past and are more focused on terraced houses and bungalows.

However, the scenario has changed over the last few years with developers racing to build condominiums and apartments in this city following high demand from buyers.

A leading property player in the country, SP Setia Bhd, has launched a 55-storey high-end condominium, the tallest in Iskandar Malaysia, known as Sky 88, which is expected for completion within four years.

The units at the international condominium, with a gross development value of RM400 million, have all been sold during its five-day promotion held here and in Singapore. Besides Sky 88, SP Setia is also involved in several apartment developments in the city.


Apart from SP Setia, a few other developers such as Kumpulan JoLand is developing Paragon [email protected] View comprising 32 storeys, while Dijaya is building three condominum blocks of 38-storeys high called Tropez Residences at Danga Bay.

Both Paragon Residences and Tropez Residences are fronting the Johor Straits, which is very popular amongst the foreign buyers.

In addition, Distinctive Properties Sdn Bhd is building a condominium project, [email protected] Tebrau, while Golden Oriental Realty Sdn Bhd is developing a high-end condominium development - Twin Galaxy.

According to Koh, the rapid property development activities with the condominium and apartment concept in several hot spot locations in Johor Bahru has caused prices to escalate to reach between RM700 and RM800 per sq ft.

Amongst the locations considered as hot spots here include Danga Bay, Nusajaya and Medini as well as those areas with a high population density. Property development in Nusajaya and Medini, he said, is very attractive to foreign buyers as the two areas are located nearby Singapore.

Based on data obtained from Johor Bahru City Council and Johor Bahru Tengah Municipal Council, he said there are more than 25,000 condominium and apartment units in the city that are under construction or in the process of getting building approvals.

"The majority of buyers are local residents and those working in Singapore. Less than 10 per cent of the buyers are Singaporeans and other foreigners," Koh said. – Bernama
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Old November 21st, 2012, 04:27 PM   #225
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Nice!
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Old November 25th, 2012, 04:05 AM   #226
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UM Land to develop RM1.4b project in Medini
Published: 2012/11/21
http://www.btimes.com.my/Current_New...cle/index_html

KUALA LUMPUR: Property developer, United Malayan Land Bhd (UM Land) is set to develop a mixed commercial and residential project in Medini, Iskandar Malaysia with a gross development value of RM1.4 billion.

The proposed development in the southern development region will include townhouses, apartments, service apartments/small office house office (SOHO), hotels, retail promenade with food and beverages outlets and a specialty retail centre.

"The project is still in planning stage and it is expected to commence in the third or fourth quarter next year," Group Chief Executive Officer Charlie Chia tolf reporters after the signing ceremony for a lease purchase agreement between UM Land and Iskandar Investment Bhd (IIB) here today.

The development will be implemented in four phases and would take six to 10 years to complete, Chia said, adding that the project will be located on the land UM Land acquired from IIB today.

Worth RM83 million, the 5.35 hectare land acquisition was entered through UM Land' wholly-owned subsidiary, Lextrend Sdn Bhd, and IIB's wholly-owned subsidiary Medini Development Sdn Bhd.

Also present at today's event was IIB President and CEO Datuk Syed Mohamed Syed Ibrahim. -- BERNAMA
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Old November 25th, 2012, 04:12 AM   #227
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NEW PROJECT:



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Old November 25th, 2012, 04:13 AM   #228
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NEW PROJECT:





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Old November 25th, 2012, 04:39 AM   #229
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Old November 25th, 2012, 04:40 AM   #230
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Old November 25th, 2012, 04:41 AM   #231
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Old November 25th, 2012, 04:43 AM   #232
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Old November 25th, 2012, 04:45 AM   #233
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Old November 25th, 2012, 04:45 AM   #234
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Old November 25th, 2012, 09:58 AM   #235
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TEEGA | Iskandar Malaysia ( Puteri Harbour ) | 3X 41F
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Originally Posted by JB Citizens (+_+) View Post
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Old November 27th, 2012, 05:34 PM   #236
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Granada Hotel Grand Opening 12-12-2012


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Front View (almost completed)

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Old December 4th, 2012, 05:23 PM   #237
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The News Out of Iskandar Malaysia Today:

In the ASEAN spirit, Malaysia and Singapore bilateral relationship is getting better and better.


1 Community, 1 Economic Region, 2 Countries
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Originally Posted by nazrey View Post


Malaysia, Singapore to announce 'win-win' proposals early next year; Singapore endorsed HSR
The Star Latest News | BERNAMA | Updated: Tuesday December 4, 2012 MYT 8:57:21 PM
Quote:
JOHOR BARU: Malaysia and Singapore are expected to announce "win-win" proposals for the two countries at their annual consultation next year, Prime Minister Datuk Seri Najib Tun Razak said Tuesday.

He said the proposals include an iconic landmark, which will be built on two pieces of land which are part of the Points of Agreement (POA) in exchange for Malayan Railway land in Singapore.

"The Iskandar wellness centre project will also be launched during our annual consultation. We can expect that to happen either at end of January or early February," he told a press conference in conjunction with the Eighth World Islamic Economic Forum (WIEF) here.


Johor Baru (Iskandar Malaysia): 8th World Islamic Economic Forum

"The meeting went very well. It's very positive, much in line with what Prime Minister Lee Hsien Loong spoke to me in Phnom Penh recently that we should call for 'win-win' proposals," he said.

"Singapore endorses the high-speed train project in principle but subject to detailed study, which we will forward to them when completed.

Najib, who is also Finance Minister, said that as things developed between the two countries, Singapore would continue as the hub for commercial and financial development while southern Johor would be an area of high-quality living for that.

"This can be a 'win-win' situation as Johor benefits from the enormous influx of people, talents and capital inflow. This will be good for the future of Johor," he said.

Read More:
>>> http://thestar.com.my/news/story.asp...419&sec=nation


S'pore DPM: Momentum among Singaporean investors in Iskandar on the rise
ChannelNewsAsia | THe Malaysian Insider | BERNAMA | December 04, 2012
Quote:
JOHOR BARU, Dec 4 — Momentum among Singaporean businessmen to invest in Iskandar Malaysia and other parts of Malaysia is picking up, said the republic's Deputy Prime Minister Tharman Shanmugaratnam today.

He cited the recent collaboration between Temasek Holdings and Khazanah Nasional as well as the teaming up of Ascendas and UEM Land, as the reasons behind the increasing momentum among the republic's companies to look across the Causeway.

"Basically it creates a broader sense in the business community when you have Temasek and Khazanah in a joint venture together and Ascendas teaming up with UEM.

Over time, he said, there will also be increasing pressure on the republic's small and medium entrepreneurs to relocate elsewhere, due to the shortage of labour and land.

"Malaysia is the logical hop away, very easy in terms of operational flexibility in logistics. It is a nice complementary space that is developing between the two countries," said Shanmugaratnam, who is also the republic's Finance Minister.

Malaysia's and Singapore's sovereign wealth funds, Khazanah Nasional and Temasek Holdings, are collaborating in developing two parcels of commercial land at Ophir-Rochor and Marina Bay. Khazanah and Temasek are also in the midst of developing a "Wellness Township" in Medini within the Iskandar Malaysia economic corridor. He said both of the projects by Khazanah and Temasek, either in Singapore or Iskandar Malaysia, are coming on well and progressing on schedule.

Some 2,100 delegates from 80 countries are attending the three-day forum held in Johor Baru, which was opened by Prime Minister Datuk Seri Najib Tun Razak earlier today.

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>>> http://www.themalaysianinsider.com/b...-singapore-dpm


Quote:
Originally Posted by patchay View Post
Robert Kuok, Southeast Asia's richest man returns to Johor

Robert Kuok's main holding company Kerry Properties Ltd of Hong Kong is going to invest in Iskandar Malaysia, and this endorsement is gonna be a major BOOST to the local economy.

Once confirmed, an official announcement will be made shortly.

Besides this, Shangri-La Malaysia is currently building Traders Hotel at Puteri Harbour, Nusajaya in Iskandar Malaysia.

Quote:
Kerry Properties Limited started its business in Hong Kong in 1978. It moved on to become active in Mainland China from 1980's. As It was listed on the Hong Kong Stock Exchange in August 1996, Kerry Properties Limited was to hold Kuok Group property interests in Hong Kong and Mainland China. Founded by Malaysian tycoon Mr. Robert Kuok Hock Nien, the Kuok Group currently is one of the largest diversified conglomerates in Asia. The Kuok Group's principal businesses include commodities trading, property development and investment, warehouse and logistics operations, hotel owning and hotel management ("the Shangri-La Hotels Group"), media, plantations, shipping, financial services and insurance.

http://www.kerryprops.com/kpl/en/abo...y_history.html


Quote:
Originally Posted by patchay View Post
Singaporean Billionaire Lim to Build Race Track City Bordering Singapore
Bloomberg Asia | By Barry Porter - Dec 4, 2012 5:17 PM GMT+0800 4 hours Ago



Official Signing Ceremony Held Today:

Billionaire Peter Lim said he plans to build a motorsports-themed development, including a Formula One-compliant racing test track, in Malaysia’s southern-most state bordering Singapore.

Lim’s FASTrack Autosports Pte Ltd will take a 70 percent stake in the joint venture valued at more than 3.5 billion ringgit ($1.2 billion) in the Iskandar development region of Johor state, with Malaysian developer UEM Land Holdings Bhd. (ULHB) holding the rest, according to a joint statement today. The project, known as Motorsports City, will cover 270 acres and include showrooms, garages and entertainment outlets, they said.

The tracks would be a five-minute drive from Tuas Second Link, one of two border crossings between Malaysia and Singapore. Motorsports City will offer race-track driving lessons, test-driving hub, storage for car collections and act as a spare-parts hub, according to Barry Kan, who will become FASTrack Autosports’ chief executive officer in January.

“The region is fast becoming a hub for motor sports,” Lim said in the statement today. The Singaporean, who made his fortune through securities brokerage (known as The Remisier King of Singapore), holdings in palm oil producers and a chain of Manchester United cafes in Asia, is also a shareholder of McLaren Automotive Ltd., the maker of vehicles for the most successful F1 team after Ferrari SpA.

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>>> http://www.bloomberg.com/news/2012-1...gapore-1-.html


Quote:
Originally Posted by patchay View Post
Iskandar inks six partnerships worth MYR28 billion
The Star | By ZAZALI MUSA and NELSON BENJAMIN | Tuesday December 4, 2012 MYT 1:24:06 PM

JOHOR BARU: A total of six partnerships were inked totalling RM28 billion for Iskandar Malaysia during the World Islamic Economic Forum here on Tuesday.

They include:
1. nanotechnology based industries,

2. a mixed development project in Sg Pendas,

3. a trade and exhibition centre - Iskandar Malaysia will host a similar Dragon Mart of Dubai for ASEAN-China SMEs,

4. development of communication and ICT infrastructure - Telekom Malaysia will develop "Connect Nusajaya",

5. a global innovation centre, and

6. development of a motorsport city, all in Nusajaya.

According to the Iskandar Regional Development Authority, Iskandar from 2006 until Sept 30, 2012 has received RM99.79bil cumulative committed investments in various sectors, with RM42bil or 43% realised. Of that amount, 63% came from domestic investors.

Read More:
>>> http://thestar.com.my/news/story.asp...154&sec=nation

Quote:
Originally Posted by jb2020 View Post
Johor Baru skyline from Ponderosa golf country club





Quote:
Originally Posted by patchay View Post
Conglomerate Sunway Group buys land for MYR12 billion Iskandar project
Business Times | December 4, 2012
http://www.btimes.com.my/Current_New...cle/index_html

SUNWAY Group Bhd has acquired two parcels of freehold land in Iskandar Malaysia totalling 311.6ha for RM412.7 million through a joint-venture company, Iskandar Asset Sdn Bhd, a unit of Iskandar Investment Bhd.

The joint-venture company will develop the site into a mixed integrated development area with RM12 billion in potential gross development value (GDV).

"Sunway's ambition is to continuously build on its strength of creating integrated developments. I'm very excited with this strategic landbank acquisition," said Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah in a statement.

The new acquisition will improve Sunway's total landbank by 29 per cent to1,432ha while the proposed development will boost the company's total GDV to RM43 billion (US$14.2 billion). In total, Sunway has 623.2ha of development land in Johor, with an estimated RM25 billion GDV, making it one of the largest landowners in Iskandar Malaysia.


Quote:
Originally Posted by patchay View Post
China firm plans US$6 billion Danga Bay Waterfront, Iskandar Malaysia development
Business Times Singapore | December 04, 2012 | 1 hour ago
http://www.businesstimes.com.sg/prem...pment-20121204

GUANGDONG-BASED Country Garden Holdings Co Ltd is planning a major integrated waterfront development on 22.2 hectares of land in Johor's Danga Bay with an estimated gross development value of RM18 billion (S$7.1 billion).

"Today, one of China's biggest property developers, Country Garden (Holdings) Ltd, will ink an agreement to buy 55 acres of land at Danga Bay for RM900mil from IWH. Country Gardens plans to develop a marina and marina club, hotel, serviced apartments, offices and commercial development that will have a gross development value of RM10bil to RM18bil. This project will take several years,'' said IWH executive vice-chairman Tan Sri Lim Kang Hoo.

The Hong Kong-listed developer plans to start construction early next year. The first phase will comprise a luxury clubhouse, commercial tower, shopping mall and high-end serviced residence costing about RM2 billion.

Country Garden has never been out of the limelight since its listing on the Hong Kong Stock Exchange in 2007. The listing itself helped turn five of its core shareholders into billionaires, and by October 2007, Forbes Magazine reported that Yang Huiyan, the major shareholder in Country Garden, is the richest woman in Asia with a net worth of US$16 billion (RM48.64 billion).

Read More:
>>> http://biz.thestar.com.my/news/story...&if_height=508
>>> http://www.btimes.com.my/Current_New...cle/index_html

Iskandar Malaysia will see over 2,000 projects over the next decade.

Quote:
Originally Posted by JB Citizens (+_+) View Post
JB street

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Old December 5th, 2012, 05:32 PM   #238
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Big plans for WCT Land
By THOMAS HUONG Saturday December 1, 2012
http://biz.thestar.com.my/news/story...3&sec=business



WCT’s planned shopping mall and hotel – mixed commercial development
along Jalan Skudai, Johor Baru.


WCT Bhd (WCTB) executive director Choe Kai Keong is excited about the growth prospects for the group's property development, investment and management businesses in the next decade.

“There are so many things happening. In terms of future projects and plans, we are at very exciting times for the property business,” says Choe. He says that the group has set a target to grow its property businesses to be as signficant as its mainstay construction arm within five years.

“Now, WCT Land is being overshadowed by our construction arm. But in the last few years, we have grown the property business to a substantial size. It is bigger today, compared with when WCT Land was listed (on Bursa Malaysia) from 2004 to 2008,” Choe told StarBizWeek.

WCT Land Sdn Bhd is the property development arm of the group, which is better known for its construction and engineering projects in Malaysia and the Middle East.

In its 2011 annual report, the group pointed out that it has completed more than 300 construction projects valued at RM19.8bil over 30 years and has operations in Qatar, United Arab Emirates, Oman, Bahrain, India, Vietnam, China and Malaysia.

For the financial year ended December 31, 2011, the group's construction arm contributed 64% of its RM257.45mil operating profit.

The balance came from its property development (21%) and property investment and management (15%) divisions.

Choe says the group is aiming to grow its property development division to a level where it will contribute 30% of operating profit by end-2016, while the property investment and management division will contribute 25%.

“That means, by end-2016, the property arm will be the major earnings contributor to the group.”

This ambition is also the reason behind the group's recent proposed internal reorganisation to clearly separate the construction and property divisions.

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Old December 7th, 2012, 09:01 PM   #239
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Puteri Pacific Johor Bahru undergoes RM40m refurbishment
By Bernama
Friday, 30 November 2012 17:21
http://www.google.co.th/url?sa=t&rct...VYm2PJ_DB6OEsA



JOHOR BARU, Nov 30 (Bernama) -- After over two decades in operation, the Puteri Pacific Johor Bahru hotel is undergoing a RM40 million major upgrading and refurbishment exercise.

Its general manager Mohamed Mazlan Ali said the upgrading, to be completed by next March, will enhance the hotels facilities and services to meet growing local and international demand.
"The first stage of the refurbishment to be completed this month focuses on the Puteri Sky Lounge, guestrooms, the lobby, meeting rooms and the food and beverage outlets.

"The second stage will proceed with the upgrading of the remaining rooms and mechanical components, comprising the air conditioning and lifts system," he said in a statement today.

The Puteri Pacific, which started business in 1991, offers 425 guest rooms, including 19 suites and 21 villa-style rooms.

Mohamed Mazlan said the refurbishment is part of Puteri Pacific Johor Bahru's commitment to be the leading accommodation provider in the city and to transform it into the "Preferred Hotel". -- Bernama
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Old December 12th, 2012, 08:22 AM   #240
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Iskandar Waterfront and the remaking of Johor Baru City begins in 2013
The Star BizWeek | By B.K. SIDHU | Saturday December 8, 2012
http://biz.thestar.com.my/news/story...iness/12426789



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

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.

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.

In his opinion, and that of others, JB has not recovered from the property glut after the 1997 Asian economic crisis.

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.

The land is parked under Iskandar Waterfront Holdings Sdn Bhd (IWH), which is the master developer of parts of JB city. He owns 60% of IWH via Credence Resources Sdn Bhd and his partner in this venture is the Johore state government via Kumpulan Prasarana Rakyat Johor (KPRJ), which holds the remaining 40% stake in IWH. Both EPF and Khazanah Nasional Bhd has indirect stake in IWH held via Iskandar Investments Bhd.

IWH's over 1619ha 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.



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