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Old July 6th, 2009, 10:05 AM   #121
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'P. Harbour can go on without new investor'
Published: 2009/07/01

UEM Land Holdings Bhd can develop Puteri Harbour, the water front development of Nusajaya project, without a new investor after the deal with Damac Properties (M) Sdn Bhd has fallout.

"When we signed with Damac one third of the project was still under water. Now, half of it has been reclaimed and will be ready with infrastructure such as roads and drains by end of the year.

"All was done using internal funds," said UEM Land chief executive officer Wan Abdullah Wan Ibrahim said on the sidelines of Invest Malaysia 2009 today. The company's gearing is at 0.35 times.

UEM Land's agreement with Damac for the RM397 million sale of 43 acres in Puteri Harbour lapsed as Damac had failed to resolve issues relating to the conditions of the purchase agreement within the agreed period.

Wan Abdullah said that although Puteri Harbour development could proceed, it needed a partner to create critical mass.

UEM Land already have four to five new interested parties, local and foreign namely Australia and Singapore, and everything could be finalised by year end, he said.

Asked whether the price would be similar to the Damac deal, he said: "We will not bring the price down. The only way the price is going is up."

The high end land is priced at RM250 per sq ft while the average is RM205 per sq ft now, he said.

Going forward, he said UEM Land would launch a development in Cyberjaya with gross development value of RM1 billion in the fourth quarter of 2009. "It is a high end development," he said.

UEM Land was also in the process of securing RM354 million syndicated term loan from two local banks for working capital. - Bernama
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Old July 6th, 2009, 10:25 AM   #122
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UEM Land: Nusajaya project completion on track
By SHANNEN WONG
2 Jul 2009

KUALA LUMPUR: UEM Land Bhd is confident of completing the construction of its three buildings in Nusajaya, Iskandar Malaysia, by year-end despite the withdrawal of its major partner, Damac Properties (M) Sdn Bhd.

Managing director Wan Abdullah Wan Ibrahim said the company would also increase the price of its 43-acre waterfront development in Nusajaya to RM250 per sq ft from RM205 previously.

“Before the end of this year, three buildings will be ready in Nusajaya. However, we can’t reveal who will be the owners of the buildings until the agreements are signed,” he said.

UEM Land will be completing the construction of its family entertainment centre, a four-star hotel and an apartment block fronting the marina despite the withdrawal of its Dubai-based partner.

However, Wan Abdullah said the company still needed new investments to create the critical mass and businesses for the new development.

“We need investors to create the critical mass and excitement. Nonetheless, we believe investors will have more confidence to invest in Nusajaya once these three buildings are up,” he said.

The company is in talks with potential local and overseas developers, including from Australia and Singapore, to take over Damac’s place.

“We are also actively making new contacts with other parties,” said Wan Abdullah.

Last month, UEM Land announced that its agreement with Damac for the RM396mil sale of 43.5 acres in Puteri Harbour, Nusajaya, had lapsed.

On the potential transaction value of the property, he said: “We will not bring the price down, for sure. The only way for the price to go is up.

“This time, we will be a bit smarter. We will look into the funding element before we start a partnership. That’s going to be a major issue for us, especially in current times.”

Meanwhile, UEM Land is working out a RM354mil syndicated term loan with two banks for its working capital.

“The banks’ managements have forwarded it to the credit committee and we should know (the results) in a few weeks,” he said.

Currently, UEM Land has a land bank of 11,000 acres.
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Old July 6th, 2009, 10:26 AM   #123
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TM, UEM Land extend Nusajaya partnership for another year
Written by Surin Murugiah
Friday, 03 July 2009 17:38

KUALA LUMPUR: Telekom Malaysia Bhd and UEM Land Bhd have extended their partnership to develop and provide telecommunications services in Nusajaya, Iskandar Malaysia by another year until July 2, 2010.

The companies said on July 3 they had mutually agreed to extend the memorandum of collaboration under the original terms.

In July last year, TM and UEM Land announced the collaboration to jointly explore the opportunities in the project, in particular areas related to telecommunications infrastructure.

UEM Land is the master developer of Nusajaya, positioned to be the largest, premier and fully integrated urban development in South East Asia.

Nusajaya is targeted to be the heart of Iskandar Malaysia with seven signature developments - Johor State New Administrative Centre, Southern Industrial and Logistics Cluster, Medical City, Educity, Puteri Harbour, International Destination Resort and Nusajaya Residences
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Old July 6th, 2009, 04:50 PM   #124
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Johor
Iskandar Malaysia Developments
Iskandar Malaysia, Southern Peninsular Malaysia
http://www.iskandarmalaysia.com.my/
- http://www.medini.com.my/
- http://www.medinicentral.my/
- http://www.dangabay.com/
- http://www.nusajayacity.com/
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Old July 7th, 2009, 03:22 PM   #125
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NEWCASTLE UNIVERSITY MEDICAL SCHOOL DEVELOPMENT IN MALAYSIA



British varsity to make Iskandar leading hub

JOHOR BARU: Even if you're way past your university-going days, there could be one thing which could inspire you to go back to school.

The problem is that the "one thing" will only be ready in about 10 years so you'll just have to wait, or send your children there instead.

Education is set to go truly international once EduCity, Iskandar Malaysia's exciting educational hub, is completed by 2018.

The 123.4 hectare project under Iskandar Investment Berhad (IIB) will feature eight faculties each renowned for their medicine, hospitality, engineering, creative multimedia, creative arts and business faculties.

Khairil Anwar Ahmad, IIB's senior vice-president of education and healthcare, said EduCity promises to be a vibrant and exciting place once it is completed as education is a major component of Iskandar Malaysia's comprehensive development plan formulated by Khazanah Nasional.
"Whenever investors come, the first thing they ask is, 'Where are the schools for our children and where are the healthcare facilities for the family?'

"Education is one of the pillars of the comprehensive development plan and our vision for EduCity is for it to become an international education destination," Khairil said at a recent interview.

Construction within EduCity itself has already begun, with drainage work beginning ahead of schedule while Bandar Nusajaya, where EduCity is situated, already has the necessary infrastructure.

EduCity has been envisaged as a dynamic atmosphere where students can mingle and get a tertiary education in an international environment.

The eight faculties, each from different international universities, will be placed in one area where they will share a common library and an "International Village" which has hostels, cafeterias, shops and recreational facilities.

Khairil estimates that 12,000 students will be enrolled when EduCity is completely ready in 10 years.

The faculty for the Newcastle University of Medicine Malaysia (NUMed) will be completed by 2011 and ready to admit students in September 2011.

NUMed, with which IIB signed a definitive agreement with on Nov 20, this year, is the only medical school outside of the United Kingdom recognised by the British Medical Council.

"Our universities are selected based on the best in class principle -- they may not be among the Top 10 universities in the world, but they're very strong for the particular faculty that we're looking at for EduCity.

"For example, the University of Newcastle's medical school is ranked fourth in the United Kingdom."

The other faculties have signed MoUs with IIB and will be revealed in due time Khairil said, adding that negotiations have already begun with a top UK engineering faculty and a prestigious Swiss hospitality school.

The most obvious plus point about EduCity, Khairil added, is that its universities will offer degrees identical to those in their home campuses, but at substantially lower cost.

"The government, for instance, spends RM1.2 million to send one medical student to the UK but at NUMed, it will only cost RM600,000."

The cheaper price tag would hopefully attract parents from the Middle East, Indonesia, China and India. EduCity would also provide multiplier economic effects for locals as there will be a demand for bookstores, catering and laundry services.

Academic staff for the institutions will be a mix of local and foreign lecturers, Khairil said.

Apart from tertiary education, EduCity will also include a selection of well-known international schools one of which is the Cempaka International School, an international boarding school for boys.
Mitrajaya Gets RM63.643 Million Contract In Johor
July 07, 2009 20:04 PM



An artist's impression of the lecture theatre for the Newcastle University of
Medicine Malaysia in EduCity - Pix provided by Iskandar Investment Berhad


KUALA LUMPUR, July 7 (Bernama) -- Mitrajaya Holdings Bhd has secured a RM63.643 million contract for the contruction works of the main building of Newcastle University Medicine Malaysia campus at Educity in Iskandar Malaysia, Johor.

In an announcement on Bursa Malaysia, Mitrajaya said its wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, had accepted the letter of award for the project.

It said the contract is for a period of 20 months, commencing on July 6, 2009 and to be completed by March 5, 2011.

The contract is expected to contribute positively to the group's future earnings.

--BERNAMA
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Old July 8th, 2009, 12:28 PM   #126
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Police To Start Safety Plans For I-City Early
July 07, 2009 21:13 PM



SHAH ALAM, July 7 (Bernama) -- Selangor police hope to implement an advance plan to ensure the safety of residents and workers at the upcoming I-City development in Section 7 here.

Selangor police chief Datuk Khalid Abu Bakar said the city, being developed on a 29-hectare site, complete with information and communication technology, will have about 50,000 residents when completed in 2015.

He added that since work on a 2.4-hectare site from the total area of the project, expected to be cost RM2 billion, had already started with about 200 workers on site, safety measures need to be introduced early.

"We need to start planning from now since we were made to understand that a site has been allocated to build a police station within the city," he told reporters after being briefed of the project during his visit to the site here Tuesday.

He said the exact location of the I-City police station and how it will be build, would be discussed with the developer, I-Bhd.

Khalid in welcoming the initiative by the developer to provide facilities, said the funds to build the police station will be the responsibility of the Federal government.

He added that I-Bhd deputy chief executive chairman Datuk Lim Kim Hong had informed him that they (I-Bhd) would donate a van to be used as a temporary mobile police station.

To ensure safety at the I-City site, police will beef up patrol in the area and connect the closed circuit television (CCTV) that had been installed at the site to the Shah Alam police station, he said.

Khalid said once the project was completed, police hope to introduce a "Community Policing" programme that will allow residents to assist the police in combating crime.

The I-City project when completed will be equipped with fiber optic cables, a data centre, office blocks, recreation area, restaurants and a park for workers and visitors.

-- BERNAMA
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Old July 14th, 2009, 01:32 PM   #127
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Johor

Two companies set up to implement Iskandar projects
2009/07/11

PUTRAJAYA: Two special purpose vehicles (SPVs) have been formed to implement a housing development project in Nusajaya and transform Johor Baru Central Business District (CBD) in Iskandar Malaysia. The decisions were made during the sixth meeting of the Iskandar Regional Development Authority members and Prime Minister Datuk Seri Najib Razak, who is also co-chairman of Irda, and Johor Menteri Besar Datuk Abdul Ghani Othman, at the prime minister's office yesterday.

In a statement, Iskandar Malaysia said the authority approved the establishment of a SPV, a holding company, that will implement public housing projects in Iskandar at a cost of RM200 million. It will include 1,500 units of quality rental houses with improved public facilities to cater to low- and medium-income groups.

It also said the project, which would be a showcase of new implementation of public housing in Iskandar, will also provide 31/2- to four-storey walk-up apartments with a built-up space of 900 sq ft.

The project will be developed on a 24ha land in Nusajaya. The rakyat-friendly features to be incorporated include crime prevention through environment design (CPTED), industrialised building system (IBS) and eco-friendly amenities that promote community interaction.

It also said the SPV would facilitate timely development and delivery of the project, executed through a property management system to ensure sustainable and quality building management and maintenance.

The authority also endorsed the setting up of another SPV to implement the transformation of Johor Baru CDB.

The transformation has to be carried out following the decline in business activities since the opening of the new CIQ complex and the relocation of the Johor state administrative offices.

It added the transformation exercise encompassed river-clearing of Sungai Segget, a sewerage treatment within the river catchment and a flood mitigation programme.

During the meeting, members were also given the progress updates on Iskandar Malaysia, including projects that had been earmarked under the Ninth Malaysia Plan, strategic initiatives underlined for safety and security, public bus service and human capital blueprints.

Up to June 2009, Iskandar Malaysia had secured RM44.86 billion in committed investments.

Of the total amount, 31.5 per cent had been expended on development.

It said the total committed investment had exceeded the 2009 target of RM44.75 billion by the end of the year which represented 91 per cent of the RM47 billion to be achieved by 2010.

Najib also chaired the fourth Irda advisory council meeting attended by five council members.

Irda is a regulatory authority mandated to plan, promote and facilitate the development of Iskandar Malaysia into a strong and sustainable metropolis of international standing
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Old July 14th, 2009, 01:34 PM   #128
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Johor

Quote:
Originally Posted by nazrey View Post
Johor
Iskandar Malaysia Developments
Iskandar Malaysia, Southern Peninsular Malaysia
http://www.iskandarmalaysia.com.my/
- http://www.medini.com.my/
- http://www.medinicentral.my/
- http://www.dangabay.com/
- http://www.nusajayacity.com/
Tipping point for Nusajaya growth in 2011: UEM Land
By Ahmad Fairuz Othman
Published: 2009/07/14

UEM Land Holdings Bhd expects growth for its Nusajaya township to start gathering momentum from 2011 as more infrastructure and other projects near completion.

Managing director Wan Abdullah Wan Ibrahim said the year would mark the starting point for many large-scale projects in Nusajaya.

At the same time, work on other major projects would also be done by then.

Among the projects that would be completed by 2011 are the coastal highway linking Johor Baru, quarters for state government staff and the federal government agency complexes.

The Legoland theme park would also be in its finishing stage.

"The tipping point for growth to spurt in Nusajaya would be in 2011. That is when a new pace of development begins and the environment in Nusajaya and Iskandar Malaysia would pick up pace," said Wan Abdullah during a question-and-answer session after a briefing on projects under Iskandar Malaysia.

Housing and Local Government Minister Datuk Kong Ho Cha, who was on his first visit to Nusajaya with his deputy Datuk Lajim Ukin were among those at the briefing in Nusajaya, near Gelang Patah, Johor.

Also present were Iskandar Regional Development Authority chief executive officer Harun Johari and Iskandar Investment Bhd managing director Arlida Ariff.

Wan Abdullah said Nusajaya already has the volume in terms of residents as 11,000 houses in the township were already occupied.

Foreigners also make up almost two thirds of high-end homes such as the East Ledang project.

When asked about a public housing project which would cater to people working in the area, Wan Abdullah said the efforts would be made to ensure only qualified tenants would get the houses.

UEM Land Holdings is the developer of Nusajaya's main features such as the state administration complexes of Kota Iskandar, Puteri Harbour, Southern Industrial and Logistics Clusters and Alfiat Healthpark and residences.
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Old July 14th, 2009, 01:35 PM   #129
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Pahang

Tanjong Agas Park To Create 30,000 Jobs
February 16, 2009 23:55 PM

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Tanjong Agas Oil and Gas and Maritime Industrial Park

KUALA LUMPUR, Feb 16 (Bernama) -- The Tanjong Agas Oil and Gas and Maritime Industrial Park in Pekan, Pahang, which has attracted RM6 billion investment, is expected to create about 30,000 jobs over the next 10 years, Deputy Prime Minister Datuk Seri Najib Tun Razak said Monday.

Of the 30,000 jobs, the first 5,000 jobs are expected to be generated within the next two years.

"I believe this project can become a catalyst for our economic growth in this trying time," said Najib, who is the Member of Parliament for Pekan, after the launch of the industrial park by the Sultan of Pahang, Sultan Ahmad Shah.

The event was also attended by Tengku Mahkota Pahang, Tengku Abdullah Sultan Ahmad Shah, and Tengku Muda Pahang, Tengku Abdul Rahman Sultan Ahmad Shah.

The RM6 billion investment came from seven companies comprising local and foreign firms, which have agreements with Tanjong Agas Supply Base and Marine Services Sdn Bhd.

The companies are Vantech Dockyard, Tec-Steel Manufacturing Sdn Bhd, Usatech Marine (M) Sdn Bhd, Bitari Abadi Sdn Bhd, Core Competencies Sdn Bhd, Competent Selection Sdn Bhd and Damini Corporation Sdn Bhd.

The industrial park, covering 4,098 acres, is to be developed by Tanjong Agas Supply Base and Marine Services, which is 30 percent owned by the Pahang State Development Corporation (PKNP).

It will be a modern one-stop centre service and offshore base that will serve and support the region's enormous and rapidly growing upstream and downstream oil and gas exploration and production activities.

Among activities provided are shipyard, residential and commercial, fabrication yard, dredger yard, manufacturing plant, steel billet plant, bulk terminal, petroleum terminal and warehouses, factories and commercial development.

Najib, who is also the Finance Minister, said the benefits will flow to suppliers of equipment, financial capital and engineering services, construction, logistics, basic utilities like electricity and water as well as roads infrastructure, including the creation of new townships and attracting new foreign direct investments.

"In the long run, apart from creating new economic spin-off, it is envisaged that the development of the industrial park will provide opportunities for local knowledge workers to be employed in the various industries such as fabrication yard, ship repair and maintenance and petrochemicals," he said.

Najib also hoped that the industrial park will utilise as many locals as possible in order to generate more employment and high paying jobs for them.

"Most importantly, this marine industrial park has also the capability to cater for the needs of the regional players in Thailand, Indonesia, Singapore, Indochina and the Philippines," he said.

Najib said the development was a public-private sector initiative by the Pahang state government and will spur more economic activities in the state.

He also urged all related government ministries and agencies to facilitate the requirements and the needs of this project such as expediting approvals for related licences and other regulatory requirements.

Tengku Abdul Rahman, who is also chairman of Tanjong Agas Supply Base and Marine Services, said the industrial park was also ideal to act as a hub connector for the essential supplies of electricity and natural gas to other areas within Pahang.

Tanjong Agas Supply Base and Marine Services' managing director Mohd Faidzal Ahmad Mahidin said about RM2 billion was needed for building the infrastructure and the company was seeking financial support from KAF Investment Bank Bhd and the federal government.

Construction for the industrial park is scheduled to start in April or May this year and is expected to completed within two to three years, he said.

"We are currently in talks with another 10 more companies, both local and overseas, which are interested to invest in the industrial park," Mohd Faidzal said.

-- BERNAMA
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Old July 15th, 2009, 02:56 AM   #130
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SOFT OPENING in 19 10 09

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Old July 15th, 2009, 02:57 AM   #131
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Old July 15th, 2009, 02:59 AM   #132
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Old July 15th, 2009, 03:00 AM   #133
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Old July 17th, 2009, 04:03 PM   #134
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Johor
Iskandar Malaysia Developments
Iskandar Malaysia, Southern Peninsular Malaysia
http://www.iskandarmalaysia.com.my/
- http://www.medini.com.my/
- http://www.medinicentral.my/
- http://www.dangabay.com/
- http://www.nusajayacity.com/
WCT gets RM766m jobs in Medini Iskandar
by Surin Murugiah
Friday, 17 July 2009 18:00

KUALA LUMPUR: WCT Bhd has secured four contracts worth RM766.48 million from Medini Iskandar Malaysia Sdn Bhd (MIMSB) for infrastructure works in Medini Iskandar Malaysia, Johor.

WCT said on July 17 the scope of works comprised of earthwork, drainage, roads, infrastructure works, sewerage pumping station, electricity sub-stations and 33KV main distribution sub-stations.

It said the project was expected to be completed by July 2011, and the contracts were expected to contribute positively to the earnings and net assets of the group for the financial years 2009 to 2011.

WCT said MIMSB is a subsidiary of Iskandar Investment Berhad (IIB), the strategic developer for Iskandar Malaysia. IIB is in turn a subsidiary of Khazanah Malaysia Berhad.

Medini is in the Nusajaya Development Zone, one of the five flagship zones of Iskandar Malaysia.
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Old July 21st, 2009, 12:32 AM   #135
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Shah Alam, Selangor

SP Setia scales down mall space in Setia Alam
Monday July 20, 2009
By ANGIE NG



Tan Sri Liew Kee Sin … ‘Phase 1 will have a net lettable area of about
700,000 sq ft. We believe this is the optimal size for the phase.’


MD says it was done to better meet needs of retailers at Setia City Mall in Setia Alam

PETALING JAYA: SP Setia Bhd’s maiden retail venture, Setia City Mall in Setia Alam, Shah Alam, will have a potential net lettable area of more than 1.5 million sq ft upon completion of the project.

Explaining the rationale for the decision to scale down Phase 1 of the project from 1.23 million sq ft of gross lettable area to one million sq ft, president and chief executive officer Tan Sri Liew Kee Sin said this was to accommodate a more efficient design and to best meet the needs of retailers.

“Phase 1 will have a net lettable area of about 700,000 sq ft. Based on the detailed studies undertaken by our joint-venture partner Lend Lease Asian Retail Investment Fund 2 Ltd’s retail experts in Singapore and Australia, we believe this is the optimal size for the phase,” Liew told StarBiz.

He said Setia City Mall was designed by a team from Lend Lease, comprising international experts in retail mall design, construction and management. Apart from a world-class design, it will also set the benchmark in sustainable retail development, being the first and only mall to be included in the Green Building Index’s pilot accreditation scheme.

The Phase 1, expected to be completed at end-2011, will comprise a department store, 250 local and international specialty stores, major anchor retailers and an entertainment precinct. Its gross development cost is RM450mil.

The mall design includes access to more than 2,000 parking lots and easy connectivity to nearby roads, towns and major highways. Liew said while it was still too preliminary to reveal plans for Phase 2, it would likely constitute a more upmarket component to complement Phase 1 and would appeal to a wide spectrum of the consumer market.

On analysts’ reports that the revised plans would now see the mall being developed in two phases, he said Setia City Mall had always been planned to be undertaken in two phases.

“Our initial announcement did not provide specifics on the phasing plan because at the time, we only had a conceptual master plan and it was too preliminary to disclose how things were going to be done.

“After an in-depth analysis of the primary, secondary and tertiary market catchments for the mall project, we are able to share more firm plans on how we intend to develop the mall.

“With Setia Alam’s demographics changing over the years as more people move in, building the mall in two stages will allow it to strongly establish itself in the market, and then to grow in sync with the needs of the customer base,” he said.

Liew said Setia City Mall would provide long-term, sustainable growth for retailers, the company, and the community at large.

“Our studies have indicated that Setia City Mall is a necessity to satisfy the local population’s desire for quality shopping and leisure facilities. SP Setia’s local knowledge and Lend Lease’s international retail design excellence will ensure that the mall is well above the curve in terms of design, functionality, offer and experience.

“The mall is responding to a market opportunity with the already large customer base set for rapid expansion. This ensures that demand for retail space will be high. We are currently in negotiations with key anchor retailers,” he said.
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Old July 21st, 2009, 12:40 AM   #136
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SP Setia in RM750m retail mall JV
By JOSEPH CHIN

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KUALA LUMPUR: SP Setia Bhd is building a RM750mil retail mall in its Setia Alam township in Shah Alam under a joint venture.

SP Setia said Tuesday the retail mall would have a gross floor area of about 1.23m million sq. ft.

“The retail mall targeted to be completed by 2011 is planned as a ‘destination’ shopping mall that not only serves the households within the Setia Alam and Setia Eco Park townships, but also attracts the wider population of Klang, Shah Alam, Subang Jaya and Petaling Jaya,” it said.

Under the corporate exercise, its unit Bandar Setia Alam Sdn would dispose of 30.5 acres of freehold land in its Setia Alam township to Greenhill Resources Sdn Bhd for RM119.57mil.

Bandar Setia Alam would then team up with Lend Lease Asian Retail Investment Fund 2 Ltd, to develop the retail mall on the site.

The latter is a wholesale real estate development fund managed by Lend Lease Investment Management Pte Ltd and based in Bermuda with an investment mandate in the Asia Pacific region.
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Old July 21st, 2009, 12:41 AM   #137
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Setia Alam
Shah Alam, Selangor by SP Setia Bhd
From Malaysian forum

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Old July 23rd, 2009, 10:56 AM   #138
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Panorama Shah Alam
Shah Alam, Selangor

Quote:
Originally Posted by rizalhakim View Post

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image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


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Old July 25th, 2009, 06:47 AM   #139
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Old July 25th, 2009, 08:36 AM   #140
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IKEA TEBRAU JB









TEBRAU SHOPPING CENTRE
The IKEA store is integrated with a shopping centre. The entire centre evolves around the F&B streets which straddles along it’s frontage and slowly creeps inside the heart of the shopping centre. It accommodates IKEA as the main anchor along with a hypermarket, junior anchors and specialty shops.

Location : Tebrau, Johor Bahru
Client : Ikano Corporation Sdn Bhd
Size : 170,600m2
Completion : On-going[
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