MEDINI ISKANDAR MALAYSIA | Johor ( Nusajaya , Iskandar Development Region ) | General News & Updates

[nazrey]

Originally Posted by rizalhakim

tq patchy
hmmmm medini central and iskandar financial district is 2 difnt project huh????
check dis out http://www.gensler.com/#projects/229 http://www.millenniumdev.com/Project...tType=Location


iskandar financial district

image hosted on flickr


image hosted on flickr

Iskandar Financial District



Medini Central

[sepul]

yup they are two different projects.. medini central is actually just next to iskandar financial district.. consisting of creative park and logistic business park whilst IFD is the business district.. the city centre of the whole development is yet to be revealed but they have a proposal for the site.. btw im new here

[nazrey]

A WARM WECOME TO THE FORUM PENCAKAR LANGIT MALAYSIA!

[rizalhakim]

Medini Iskandar Malaysia to achieve RM21.3b in value


Kuwait Finance House (KFH) foresees Medini Iskandar Malaysia achieving a total development value exceeding RM21.3 billion in 15 to 20 years.


Kuwait Finance House (KFH) foresees Medini Iskandar Malaysia achieving a total development value exceeding RM21.3 billion in 15 to 20 years.

Its international real estate manager Ali Al-Ghannam said in a statement on July 30th, 2009 that the project will link and pave way for integration of business and service activities between Singapore and Malaysia.

Medini Iskandar which is located on the periphery of the Straits of Johor, providing easy access to major Asian cities and the world's rapidly booming economies like India and China, via road, rail, air and sea connectivity.

Al-Ghannam said the group was committed towards playing a vital role in the development of real estate projects in the Asia Pacific region and innovative Islamic financial products.

[sepul]

Originally Posted by nazrey

A WARM WECOME TO THE FORUM PENCAKAR LANGIT MALAYSIA!

tq nazrey.. been following this forum for a while now..haha i haven't officially introduced myself yet.. saiful, few months left b4 turning up 18, marang trg, nice forum!!!

[nazrey]

See Introduction Corporate Video of Iskandar Financial District >>
http://www.millenniumdev.com/Project...tType=Location

[Imre]

05/October/2009

Cityscape 2009 ,Iskandar Malaysia stand

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[rizalhakim]

Iskandar Investment showcases retail mall in Singapore
By Joseph Chin for theedgeproperty.com
Thursday, 15 October 2009 11:32

KUALA LUMPUR: Iskandar Investment Bhd is showcasing its one million sq. ft. lifestyle retail mall -- Medini North -- at the International Council of Shopping Centers Asia Expo in Singapore.

At the three-day expo which started on Wednesday, Oct 14, it said the move to showcase the mall was to attract potential partners and retailers.

Iskandar Investment, which is developing Iskandar Malaysia, said the mall development, was expected to attract about US$100 million annual retail spend with a catchment of 23 million residents and tourists around the mall.

The shopping centre would be easily accessible as it would be near the new coastal highway, when completed in 2012, would link Medini to the city centre of Johor in the east and the second Johor Bahru-Singapore Link to the west. The new mall will also have public transport service, including the planned light rail service.

As a key player in building Iskandar Malaysia, Iskandar Investment is responsible for developing projects which will create further economic and business spin-offs throughout the region.

"Medini North will come alive in 2012, showcasing to the world Iskandar Malaysia's strong and compelling value proposition," said Iskandar Investment president and CEO Arlida Ariff.

This first shopping mall in Medini North will seamlessly connect to the LEGOLAND Malaysia theme park, hotels and commercial developments which will fulfill Iskandar Investment's vision to develop Medini as the definitive lifestyle and leisure zone in Iskandar Malaysia.

The retail mall will include entertainment components, food and beverage options and a variety of specialty retail outlets.

Medini North, the shopping centre will incorporate natural open-air landscapes and water features, making it an ideal venue for not just shopping and dining, but also to relax and enjoy contemporary art exhibitions, live performances and international festivals in an alfresco environment.

To date, Iskandar Malaysia has more than US$13 billion in committed funds from government bodies and international investors. Iskandar Investment expects an additional US$2 billion in investments over the next two years, including the expected US$300 million in retail investments it hopes to announce over the next few months.

[rizalhakim]

New Johor mall to join retail fray in 2012
By EMILYN YAP


RISING competition for shoppers and retailers looks set to extend from Orchard Road to Johor. A sprawling new mall is coming up in the Iskandar Malaysia economic zone and its developer is actively seeking investors and tenants.



MALL TO OFFER
Artist's impression of the yet unnamed lifestyle mall (above)

Iskandar Investment Berhad - the developer behind Iskandar Malaysia - has huge plans for the yet unnamed lifestyle mall, which should be ready in April 2012. The shopping centre will have a gross floor area of a million square feet and a net floor area of 700,000 sq ft, making it almost comparable to the newly-opened Ion Orchard in scale.

The mall will be big not just in size, but also in ambitions. Iskandar Investment expects the project to attract a footfall of around two million in its first year of operation, and to pocket an estimated US$100 million in retail spending annually. The developer is counting on a potential catchment of 23 million people to bring business to the mall. These will include residents in Johor Bahru (JB) and Singapore, as well as tourists to both regions.

One of the mall's big selling points would be its location right next to the upcoming Legoland. There will also be two office towers, a Legoland-themed hotel and another business hotel nearby.

The development cost for the mall would come up to around US$140 million and construction is likely to start later this year. 'We are in the advanced stages of discussion with several internationally known investors,' said Rosenah Hassan, CEO of Iskandar Investment subsidiary Iskandar Harta Holdings.

Iskandar Investment is also on the lookout for tenants and has been showcasing the mall at various exhibitions. It hopes to fill around 60 per cent of the retail space with department and speciality stores, around 20 per cent with entertainment facilities, and around 20 per cent with food and beverage outlets.

Another selling point for the mall is its low rents. 'We're looking at a range of RM5 to RM10 per sq ft (S$2.06 to S$4.13 psf) depending on the size of the take-up and the location,' Ms Rosenah shared. The rents could change depending on the strength of demand. 'The earlier you come, the better,' she quipped.

Of course rents in Singapore's prime shopping areas, with their established shopper base, are much higher. According to a DTZ report last week, first-storey prime retail space in Orchard Road and Scotts Road commanded a monthly gross rent of $39.30 psf in Q3 this year. Such space in suburban areas fetched a monthly gross rent of $33 psf in the same period.

Iskandar Investment is also offering incentives to attract retailers and it is working out the details, Ms Rosenah said. Those which are sufficiently unique to draw visitors - themed restaurants, for example - may be able to enjoy a 10-year exemption from corporate tax and other perks, she added.

While the mall seems to have several factors working in its favour, it will need good branding and accessibility to attract shoppers, said Ngee Ann Polytechnic real estate lecturer Nicholas Mak.

The mall will be located in the Medini area, which is some distance from the JB city centre. A new coastal highway, set to be ready in 2012, should connect the shopping centre to the JB city centre and the second JB-Singapore Link. There are also plans to make the mall accessible via a light rail service.

[rizalhakim]

Lifestyle mall will enhance Iskandar Malaysia's appeal
By Ahmad Fairuz Othman Published: 2009/10/20



A NEW lifestyle mall in Iskandar Malaysia is expected to become the largest in the southern region, with the potential to attract RM338 million in annual spending.

With a gross retail space of one million sq ft, the mall, situated at the western development zone of Medini North, will benefit from high accessibility to Johor Baru via the coastal highway, which is slated for completion in 2012.

The mall is 15 minutes away from the Second Link to Singapore, and will be connected to public transport services, including the planned Light Rail Service.

It is next to the Legoland Malaysia theme park and it will start operations at the same time as the theme park.

Iskandar Investment Bhd (IIB), which is overseeing the project, said the new lifestyle mall would turn Medini North into a hive of activity.

"Medini North will come alive in 2012, showcasing to the world Iskandar Malaysia's strong and compelling value proposition," said Arlida Ariff, president and chief executive officer of IIB.

"Iskandar Investment is proud to have solid relationships with our current investors and will continue seeking trusted partners from across the globe to establish Iskandar Malaysia as the ultimate destination for global citizens to live, play and work," she said in a statement.

IIB had showcased the lifestyle mall to potential partners and retailers during the International Council of Shopping Centers Asia Expo in Singapore from October 14-16.

"This first shopping mall in Medini North, will seamlessly connect to the Legoland Malaysia theme park, hotels and commercial developments which will fulfill Iskandar Investment's vision to develop Medini as the definitive lifestyle and leisure zone in Iskandar Malaysia," said Rosenah Hassan, chief executive officer of Iskandar Harta Holdings, a wholly-owned subsidiary of IIB, which is undertaking the lifestyle developments within Medini North.

The design of the mall will incorporate natural open-air landscapes, making it ideal not only for shopping but contemporary art exhibitions, live performances and international festivals.

[nazrey]

Seems like it's easy to push the project throughout Malaysia!!!

[rizalhakim]

Originally Posted by jikong

WCT And Iskandar Investment To Develop RM600 Million 1Medini Condos

PUTRAJAYA, Oct 28 (Bernama) -- WCT Bhd and Iskandar Investment Bhd will jointly develop and co-own the 4.4-hectare 1Medini residential project in Medini Iskandar, Johor with a gross development value (GDV) of RM600 million.

The project will be developed by One Medini Sdn Bhd, a 70:30 per cent joint venture between WCT's subsidiary, WCT Land Sdn Bhd and Medini Land Sdn Bhd, a subsidiary of Iskandar Investment.

WCT's chairman Datuk Captain Ahmad Sufian attributed the involvement of the company in the 1Medini project as a bonus because WCT had already awarded RM766 million worth of infrastructure works in Medini Iskandar in July this year, where works are expected to be completed by July 2011.

"We are proud indeed to be given this golden opportunity to make our first foray into the Iskandar Malaysia via the Medini Iskandar project and hope to expand our investment here," he told reporters after the signing of shareholder agreement for the development of 1Medini residence between WCT Land and Medini Land, here on Wednesday.

Ahmad said the WCT also wanted to further grow its business in Malaysia and would continue to bid for any projects locally as well as international.

Its order book currently stands at RM3.5 billion. In 2008, local operations contributed 40 per cent to the group's revenue while the balance of 60 per cent came from the overseas market.

The construction and property development company currently has presence in United Arab Emirates, Qatar, Bahrain, Oman, India and Vietnam.

Scheduled to be fully completed by 2015, the 1,332 units of condominiums in 1Medini would include a 68,800 square feet commercial area for local retail businesses.

Priced at RM350 per square feet, the first phase of the condominium is expected to be launched in early 2012.

Iskandar Investment's president and chief executive officer, Arlida Ariff, meanwhile said the strategic partnership with WCT in 1Medini project would help to meet the increasing demand for quality homes as well as to attract talended global citizens to live, work and play in Iskandar Malaysia.

There has been interest from both Indonesians and Singaporeans, she said.

According to the Iskandar Regional Development Authority (IRDA), Iskandar Malaysia has over RM47 billion in committed funds from the government bodies and international investors to date.

-- BERNAMA

xpected launch in 2012?? dat long huh???1332units..huge project...

[rizalhakim]

1Medini

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr

[Imre]

18/April/2010

Cityscape Abu Dhabi 2010

Iskandar Malaysia

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[rizalhakim]

can anyone update us the progress...any johorian/singaporean??
All systems go in Medini
By ZAZALI MUSA
zaza@thestar.com.my

NUSAJAYA: Global Capital and Development Sdn Bhd will be launching three mixed property development zones in Medini, near here, in the last quarter of the year.

Millennium Development International (MDI) Malaysia country manager Richard Polkinghorne said earthwork and laying of infrastructure facilities at the three zones started a year ago and were progressing well.

He said the master plan developments for the three zones had been approved by the Iskandar Regional Development Authority (Irda) and the relevant authorities.

“We’ve hosted strategic investors from all over the world for site visits and many of them have expressed their strong interest to invest in the projects,” Polkinghorne told StarBiz.

Beirut-based MDI is managing the development of the three zones – the two Lifestyle and Leisure Zones and the Iskandar Financial District in Medini – on behalf of Global Capital and Development. The company is a member company of the Jordan-based Saraya Holdings, a real estate development and asset management group involved in developing large-scale tourism and leisure properties.

The Lifestyle and Leisure Zone is divided into two sites – the North Zone on a 235ha site comprising a theme park, shopping centre, medical specialist centre, schools, offices and medium and high-end residential properties.

The South Zone, on a 280ha site overlooking the Straits of Johor and Singapore, will have lower density residential developments such as villas, a golf course, boutique retail centres, as well as a health and wellness village.

The Iskandar Financial District sits on 142ha and will have mixed-use areas anchored by the diverse activities that take place in the international financial centre.

It will also be the regional nucleus to spearhead financial innovation.

“The three zones will be developed over a period of 15 to 20 years with a gross development value of approximately US$20bil,” he said.

The company was upbeat that the projects would be able to attract investors and buyers as there had been growing evidence of an upturn in the property market.

He added that as the economic situation started to show signs of gradual improvement, there were likely to be more investors and individuals looking for good investment opportunities all over the world.

“The economic crisis has taught investors to be more realistic and cautious in their investments portfolio and they now want to see reality rather than imaginary projects,” Polkinghorne said, adding that the crisis was a blessing in disguise as it would be much easier to convince investors to invest in Medini in Nusajaya with massive infrastructure work being done on the site and the ongoing government support.

Medini’s 970ha area is sited on the 9,307.76ha Nusajaya. The latter is one of the five flagship development zones in Iskandar Malaysia. The other four are the JB City Centre, Western Gate Development, Eastern Gate Development and Senai-Kulai.

Polkinghorne said Iskandar Malaysia itself was a good branding as the country first economic growth corridor had strong backing from the Federal Government and Johor Government, Irda and Iskandar Investment Bhd.

“Another strong factor is Johor’s close proximity to Singapore and the well-known fact that both countries are economically interdependent.”

Polkinghorne said Medini would be able to attract not only Singaporean investors but also international companies and expatriates based in the republic to invest there.

The development of Medini is undertaken in partnership between the private and public sectors with key investors – namely IIB, Mubadala Development Co, Aldar Properties, Kuwait Finance House and MDI.

The overall development of Medini is divided into four distinct zones with separate themes: The Lifestyle and Leisure North, Financial District, Medini Central and Lifestyle and Leisure South.

[rizalhakim]

KFH wil invest 6bil in 15 to 20years for dis megaprojek

[rizalhakim]

Originally Posted by rizalhakim

KFH wil invest 6bil in 15 to 20years for dis megaprojek

Medini Iskandar
KFHMB is looking at attracting both buyers for and developers to build high-end residential, commercial and office spaces at Medini Iskandar, located within Bandar Nusajaya.

“Our vision is to establish world-class educational institutions adopting the university of the future concept. KFHMB led a consortium in 2008 to invest about US$329 million in Medini Iskandar via Medini Central Sdn Bhd,” she says.

Medini Central is majority-owned by Al-Nibras 2 Ltd, a private fund company managed by Kuwait Finance House (Labuan) Bhd, which is in turn a wholly-owned subsidiary of KFH Malaysia. Its other shareholders are Iskandar Investment Bhd and Jumeirah Capital of Dubai.

Medini Central @ Iskandar is part of Medini Iskandar development, comprising Zones F, G and I, which will be the trade and logistics zone, creative zone and heritage zone respectively.

The remaining six zones in Medini Iskandar will be developed by Global Capital, which consists of Aldar Properties, Millennium Development and Mubadala Development Company.

The trade and logistics zone will offer top-notch integrated services including warehousing, distribution (transport and freight services), packaging, customs clearance and business process outsourcing. The creative zone will provide a digital ecosystem and infrastructure for international agencies, studios and companies involved in technological R&D, animation, broadcasting, movies, television and the digital content and applications sector.

The heritage zone is a development of exclusive residential properties including bungalows, semidees, link homes and condominiums. There will be a private school, clubhouse, resort house and suburban commercial centre.

“The project is attractive because of its location bordering Singapore and between the booming economies of China and India. Also, the government provides a range of attractive fiscal and non-fiscal incentives,” says Jamelah, who succeeded Datuk K Salman Younis as KFHMB CEO about two months ago. Salman was also KFHMB managing director.

Jamelah is not new to KFHMB. She was deputy CEO and head of the corporate and investment banking division in 2005.

What kind of properties would excite KFHMB? Jamelah says they like residential developments in the Klang Valley, especially in the Kuala Lumpur City Centre (KLCC) area and the Golden Triangle, because these products enjoy good a response from buyers in the Gulf Cooperation Council.

The company is also interested in investing in and financing residential and commercial projects, within the guidelines of syariah principles, in prime locations in Penang, Indonesia and Australia.

Going forward, Jamelah expects better prospects for the real estate sector in Malaysia as fundamentals are heading north with the economy returning to growth in 4Q2009.

“The property market looks positive with the improvement in Malaysia and Asia’s GDP. Consumer sentiment and confidence are positive. However there is a need to tread with caution... as the US and Europe are still in the doldrums,” she says.

[rizalhakim]

Originally Posted by World 2 World

1Medini

nice project

[nazrey]

Iskandar Investment bangun hartanah RM1 bilion
8 September 2010



KUALA LUMPUR 7 Sept. - Iskandar Investment Bhd. (Iskandar Investment) akan membangunkan hertanah berkeluasan empat juta kaki persegi kawasan lantai (GFA) dengan nilai pembangunan kasar RM1 bilion menjelang akhir tahun ini.

Presiden dan Ketua Pegawai Eksekutifnya, Arlida Ariff berkata, pembangunan tersebut melibatkan pusat membeli belah, pejabat dan dua menara hotel.

''Pembangunan tersebut akan dijalankan secara kerjasama dengan mereka yang berminat.

''Setakat ini, kami telah berbincang dengan beberapa pihak dari dalam dan luar negara yang menunjukkan minat terhadap pembangunan tersebut. Kerjasama itu mungkin melibatkan penyediaan kepakaran pembangunan, perkhidmatan dan lain-lain lagi,'' katanya.

Beliau berkata demikian pada sidang akhbar selepas majlis memeterai perjanjian antara Medini Land Sdn. Bhd. (Medini Land) dan Bina Puri Holdings Bhd. (Bina Puri).

Medini Land hari ini memeterai perjanjian dengan Bina Puri untuk membangunkan bahagian utara Medini dengan keluasan 41,957 meter persegi GFA.

Perjanjian tersebut dimeterai oleh Pengerusi Bina Puri, Datuk Wong Foon Meng dan Arlida.

Hadir sama Pengarah dan Ahli Lembaga Pengarah Iskandar Investment, Datuk Ghazali Mohd. Ali dan Pengarah Urusan Bina Puri, Datuk Tee Hock Seng.

Medini Land merupakan anak syarikat Iskandar Investment. Sebuah syarikat kerjasama akan ditubuhkan untuk membangunkan Medini Square yang mempunyai GDV hampir RM500 juta apabila siap.

Pembangunan dua fasa itu akan mempunyai ruangan peruncitan, rumah kedai, menara pejabat dan pejabat kecil pejabat rumah (SOHO).

Arlida berkata, pemeteraian perjanjian antara kedua-dua jenama tempatan untuk membangunkan inisiatif di Iskandar Malaysia berlaku pada ulang tahun negara ke-53 dan mereka berbangga dapat menyumbang kepada negara.

Sementara itu, Foon Meng berkata, mereka mempunyai kepakaran, pengalaman dan kebolehan global untuk memberikan pembangunan menarik di Iskandar Malaysia sebagai pusat bandar masa hadapan negara.

''Pembangunan itu akan memberi manfaat dari limpahan projek Iskandar Investment dan kami teruja untuk bekerjasama bagi membangunkan Medini Square di Utara Medini," katanya.

Medini Square akan melengkapi tarikan lain di Utara Medini termasuk Legoland Malaysia dan pusat membeli belah dengan keluasan satu juta kaki persegi untuk penduduk tempatan dan pelancong. Ia terletak berhampiran dengan Kota Iskandar, pusat pentadbiran kerajaan negeri Johor serta 1Medini yang merupakan pembangunan kediaman di Medini.

Fasa pertama Medini Square akan siap sepenuhnya menjelang pertengahan 2011, dengan hampir 50 kedai pejabat dibangunkan. Fasa kedua menyaksikan kombinasi konsep SOHO dan menara pejabat.

Originally Posted by rizalhakim

1medini
image hosted on flickr

[rizalhakim]

Originally Posted by DW25

Bini Puri in tie-up for Medini project

Bina Puri Holdings Bhd will team up with Medini Land Sdn Bhd, a unit of Iskandar Investment Bhd, to develop the Medini Square project, which has a gross development value of RM500 million, in Iskandar Malaysia.

In a joint statement today, the companies said the project, which would be undertaken via a joint venture company, Medini Square Sdn Bhd, would comprise retail, shop offices, small office/home office (SOHO) units and an office tower.

"The 1,048 million sq ft gross floor area development will complement the other attractions in Medini North, including LEGOLAND Malaysia," the statement said.

It said the first phase of the Medini Square would be completed by mid-2011 with approximately 50 shop offices developed, while phase two would see a combination of a SOHO concept and office tower.

The statement said the Medini Square Sdn Bhd would enjoy fiscal and non-fiscal incentives under the initial incentives and support package for early investment into Iskandar Malaysia.

"The incentives include corporate tax exemptions for 10 years," it said. -- Bernama

cool!!!

more news
http://www.theedgeproperty.com/news-...s-success.html
http://www.btimes.com.my/Current_New...BINA7/Article/