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Old July 8th, 2009, 03:53 PM   #1
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JOHOR | Newcastle University of Medicine Development News

NEWCASTLE UNIVERSITY MEDICAL SCHOOL DEVELOPMENT IN MALAYSIA



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.
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Old July 8th, 2009, 03:55 PM   #2
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UK Newcastle University To Set Up Medical Faculty In Malaysia
By Christine Lim
> http://numed.ncl.ac.uk/

KUALA LUMPUR, Nov 14 (Bernama) -- Newcastle University of Medicine plans to set up a medical faculty to known as Newcastle University of Medicine, Malaysia (NUMed), in Iskandar Malaysia, the southern development corridor in Johor, by 2011 in line with its expansion in Southeast Asia.

Newcastle University of Medicine (NUMed) Malaysia Sdn Bhd's chief executive officer Professor Reginald Jordon said the medical faculty based in Iskandar Malaysia will be the first medical university for Newcastle University outside the United Kingdom.

"Iskandar Malaysia will serve as an entry-point into the rest of Asia, and in near vicinity of Singapore and Indonesia," he told Bernama in an interview recently.

Iskandar Investment Bhd's senior vice-president of education and healthcare, Khairil Anwar Ahmad, said UK Newcastle University will be the first university to set up its campus in Educity, Iskandar Malaysia.

"In EduCity, the multi-varsity concept of various faculties offering various disciplines in tertiary education will be housed," he said in an email.

Iskandar Investment, formerly known as South Johor Investment Corporation Bhd, is the sole developer assigned to be the catalytic force for Iskandar Malaysia.

"Iskandar Investment has been actively pursuing institutions, and we plan to bring in a top engineering university from the UK, hospitality school from Switzerland and top university in applied sciences," Khairil said.

He said Iskandar Investment was also eyeing overseas medical schools or institutions to be a key component of EduCity, which is one of its key catalytic developments in Iskandar Malaysia in the education field.

According to Jordon, Iskandar Malaysia serves as a strategic location and provides a conducive environment for study.

"It is strategically located in the heart of Southeast Asia.

Hence, we see us being located in Iskandar Malaysia as we are able to provide the best in medical education for students not only in Malaysia but also the wider region," he said.

Construction of the medical campus is expected to be completed in 2011, Jordon said.

"It will involve a land lease cost of RM300 million to RM400 million. In terms of economic benefits to the country, we believe it will have the potential to generate RM2.5 billion to RM3 billion within the next 30 years with the facilities that we are going to establish," he said.

With the setting up of the medical faculty in Iskandar Malaysia, Jordon said students could study in Malaysia and obtain a Newcastle University medical degree at about half the cost of doing so in the UK.

He said the medical faculty in Malaysia will also have collaboration in terms of research and development (R&D) with the main R&D facility in the UK.

"We will focus on stem cell research in Malaysia and the commercial economic potential in this sector," he added.

According to Jordon, NUMed is eyeing the business potential of stem cell activities in Malaysia in collaboration with private enterprises and research institutes.

He said NUMed, the company set up by Newcastle University for its medical campus in Malaysia, also aimed to extend its postgraduate studies in Iskandar Malaysia to specialise in selected fields of medicine in the near future.

Jordan said the target date for the first intake of students for undergraduate studies in Iskandar Malaysia is expected to be in 2009.

"The first and second intake of students will study in Newcastle University, UK, for the first two years and then return to Malaysia to complete the remaining three years in Iskandar Malaysia," he said.

According to Khairil, the setting of NUMed in Iskandar Malaysia represents a landmark achievement in creating a best-in-class international education hub in the region.

-- BERNAMA
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Old July 8th, 2009, 03:55 PM   #3
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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, 08:47 PM   #4
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NUMed Faculty To Completed By 2011, Says Professor
Bernama

JOHOR BAHARU, (Bernama) -- The construction of Newcastle University of Medicine (NUMed), Malaysia's faculty in EduCity, Iskandar Malaysia will be completed by 2011.

NUMed's chief executive officer Professor Reginald Jordan said earth levelling works had been carried out and physical construction of the branch campus would be started soon.

Met by reporters after the signing of a definitive agreement to set up the faculty between the university and Iskandar Malaysia's investment arm, Iskandar Investment Berhad (IIB) at the Persada Johor International Convention Centre here Thursday, Jordan said the first batch of the students of the branch campus would be enrolled early next year.

"We will bring the initial batch of students to our home campus and they will come back here when the branch campus is compeleted in 2011," he said, adding the NUMed would be fully operational by 2012.

Jordan represented NUMed while IIB was represented by its managing director, Arlida Ariff.

The setting up of the faculty is in line with Newcastle University's expansion plans in Southeast Asia and is its first outside the United Kingdom.

The signing ceremony was witnessed by Iskandar Region Development Authority co-chairman Datuk Abdul Ghani Othman, who is also Johor Menteri Besar, British High Commissioner Boyd McCleary, Newcastle University's vice chancellor Professor Christopher Brink and IIB chairman Tan Sri Azman Mokhtar.

-- BERNAMA
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Old July 8th, 2009, 09:11 PM   #5
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About NUMed
Malaysia campus

NUMed Malaysia's campus will be situated in Nusajaya, Johor on the Southern peninsula of Malaysia, in Iskandar Malaysia.

The campus will be completed in 2011 and the first students will commence their studies earlier in Newcastle, UK. The proposed site for the NUMed Malaysia campus is 1km east of the Gelang Patah Interchange on the main Linkedua Expressway.

The second Crossing Bridge to Singapore will only be 8km from the campus, and the city of Johor Bahru is a near neighbour.


Location of Malaysia campus
Source: http://numed.ncl.ac.uk/about/



Detailed view of NUMed campus location in Educity



Photographs courtesy of UEM Land Sdn Bhd
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Old July 9th, 2009, 06:44 AM   #6
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Quality Education At Home In Iskandar
06 January 2009 , Johor Buzz (NST)

COME 2011, students in Johor can start enjoying the perks of a first-class overseas education right at their doorstep when Iskandar Malaysia’s EduCity project, a 123.4-ha international education hub, takes off with its first university campus.

By September 2011, the Newcastle University of Medicine Malaysia (NUMed) will be completed and ready to admit its first batch of students.

NUMed will offer courses identical to those taught at its parent campus in Newcastle, England.

The university, known for its prestigious medical faculty, is not the only institution set to make its mark in EduCity. Iskandar Investment Bhd (IIB) is holding negotiations with an array of international colleges and universities.

Emphasis is on courses that are consistent with forward-looking development projects, said IIB senior vice-president of education and healthcare Khairil Anwar Ahmad. Only faculties considered “relevant” to Iskandar Malaysia are selected to be part of EduCity.

At present, a memorandum of understanding has also been signed with Cempaka International School, an international boarding school for boys.

Khairil said MoUs had also been signed with other institutions.

“We, however, cannot reveal them now as the MoUs have confidentiality clauses, but rest assured they are among the best in their respective fields,” he said, hinting that negotiations had already begun with a top UK engineering faculty and a prestigious Swiss hospitality school.

“We want graduates who can satisfy the demand and needs of the economic activities of the projects we are developing. Because of this, our focus is on finance, business, information and computer technology and engineering.

“Apart from that, a medical school is essential for the community, while a hospitality school is necessary to cater to the needs of investors.”

Piling work for the campus began on Dec 22, while infrastructural development within EduCity commenced some time ago, ahead of schedule.

Khairil said Bandar Nusajaya, where EduCity is situated, already had an electricity, road and drainage network.

“The presence of quality universities which offer degrees identical to those at their home campus, but at substantially lower costs. Not only will it cost less, but Malaysian students will fit in easier here, culturally and socially,” Khairil said.
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Old July 9th, 2009, 06:45 AM   #7
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Newcastle University Of Medicine Malaysia Opens For Enrolment
06 May 2009 , BERNAMA

JOHOR BAHARU, May 5 (Bernama) -– The Newcastle University of Medicine (NUMed) Malaysia has opened enrolment for the first intake to study at its campus at Educity in Iskandar Malaysia.

Numed Malaysia Sdn Bhd Chief Executive Officer Professor Reginald Jordan said the university would offer 40 places for the initial intake of Malaysians and international students.

“The students will undertake the first two years of the bachelor of medicine and bachelor of surgery (MBBS) programme at the Medical School in United Kingdom in September and will return to Malaysia in 2011 to complete year three to five clinical education,” he said.

He said this at a press conference at Iskandar Investment Berhad at Danga Bay, here today.

Jordan, who is also the university’s Dean of International Medical Education, would be here until July to interview the candidates.

NUMed invested a total of RM350 million to build a campus on a 5.26-hectare land in Educity, located one kilometer east of the Gelang Patah Interchange and eight kilometers from the second bridge to neighbouring Singapore.

Those interested to enroll and study at the medical school in Iskandar Malaysia can visit the NUMed website at http://numed.ncl.ac.uk to file their application.
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Old July 9th, 2009, 06:48 AM   #8
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Medical university to take in 40 students for first batch
Friday May 8, 2009



The campus: Jordan (left) showing the model of the university’s campus in
Educity, Iskandar Malaysia. Looking on are the university’s registrar Liz Smith
(centre) and Newcastle University United Kingdom Dean of Clinical Medicine
Professor Alastair Burt.


JOHOR BARU: The Newcastle University of Medicine (NUMed) Malaysia has opened its enrolment for the first intake of students at its campus at Educity in Iskandar Malaysia.

NUMed Malaysia Sdn Bhd chief executive officer Professor Reginald Jordan said the university would offer 40 places for the initial local intake and international students.

“The students will undertake the first two years of the bachelor of medicine and bachelor of surgery (MBBS) programme at the Medical School in United Kingdom in September and will return to Malaysia in 2011 to complete year three to five of clinical education,” he said.

He said this at a press conference at Iskandar Investment Berhad at Danga Bay recently.

Jordan, who is also the university’s Dean of International Medical Education, would be here until July to interview the candidates.

NUMed invested some RM350mil to build a campus on a 5.26ha land in Educity, located one kilometre east of the Gelang Patah Interchange and eight kilometres from the second bridge to neighbouring Singapore.

Those interested to enrol at the medical school in Iskandar Malaysia can visit the NUMed website at http://numed.ncl.ac.uk to file their application. — Bernama
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Old July 9th, 2009, 06:48 AM   #9
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Iskandar's first varsity to open soon
NST Online » Local News
2009/05/06

JOHOR BARU: The first university to establish its campus at Iskandar Malaysia's Edu City will soon start taking in students.

Newcastle University of Me-dicine (NUMed) Malaysia will interview the first batch of students next month. Classes will start in September.

Forty places are available for the initial batch, which will do the first two years of the Bachelor of Medicine and Bachelor of Surgery programme (MBBS) at Newcastle University's medical school in Britain.

The students will then return to Malaysia in 2011 for the remaining three years when the NUMed campus is ready.

From 2011, students will spend all five years at NUMed Malaysia.

NUMed Malaysia Sdn Bhd chief executive officer Professor Reg Jordan said degrees conferred by NUMed Malaysia would be identical to those at Newcastle University, which has one of the best medical faculties in Britain.

"We've received over 200 enquiries ever since news of the campus came out.

"Interviews will be held next month and we'll be selecting the best 40 from the 200 and those who applied after this."

Jordan, who is also dean of International Medical Education at Newcastle University, said the intake of students at NUMed Malaysia would be increased in the years to come.

Forty students will be enrolled in the first two batches but the number will be increased to 100 in 2011.

That number will gradually rise to 120 students in 2012, then an annual enrolment of 180 from 2013 onwards.

"Those applying for places can view the website at http://numed.ncl.ac.uk," Jordan said at the Iskandar Investment Bhd's headquarters here yesterday.

NUMed will eventually employ 130 academic staff, 90 per cent of whom will be Malaysian. A total of STG65 million (RM350 million) was invested on infrastructure for the NUMed campus.

Jordan said the cost of obtaining an MBBS at NUMed Malaysia would be half of that spent in Britain.
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Old July 9th, 2009, 06:50 AM   #10
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British U to start campus in Johor
TheStar

KUALA TERENGGANU: The prestigious Newcastle University in Britain plans to open a medical campus in Johor by 2011.

British High Commissioner Boyd McCleary said the campus would be the first international branch campus for Newcastle University while 18 other universities in Britain were interested to have links in Malaysia.

“The medical campus offers several medicine and bio-medical related courses,” he said after calling on Mentri Besar Datuk Ahmad Said at his office in Wisma Darul Iman during his two-day visit to the state.

The Newcastle University Medi-cine Malaysia campus would be located at the Iskandar Region.

On his meeting with Ahmad, Mccleary said it focussed on education and areas of enhancing English proficiency among the locals.

He said the British Council would continue to provide the expertise on the teaching of English in Terengganu schools.

McCleary will also visit the British Petroleum (BP) plant in Kemaman where the company was planning to expand its operation.
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Old July 9th, 2009, 06:52 AM   #11
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Iskandar Malaysia in great shape, says MB
TheStar

JOHOR BARU: Iskandar Malaysia is still maintaining its investment momentum despite the slowing global economic climate, raking in RM40.25bil in investments since its inception two years ago.

Mentri Besar Datuk Abdul Ghani Othman said this represented 85.6% of total investments targeted to flow into the corridor by 2010.

He gave his assurance that the slowdown will not hurt investments already made in Iskandar Malaysia because the foreign partners they were working with were strong.

Even the government had been awarding projects over the past six months to develop infrastructure-related projects totalling RM452mil, Abdul Ghani said.

The Federal Government has allocated RM6.83bil for Iskandar Malaysia under the Ninth Malaysia Plan.

There has been tremendous momentum in the past two years and despite the slowing economic environment, Iskandar was still moving forward on schedule, he said.

Abdul Ghani said Iskandar received RM14.45bil this year alone compared with RM11.3bil in 2006.

On Singapore’s position in Iskandar, he said they were the third-largest investor after Japan and Spain to invest in the manufacturing sector, which represented 50% of the investment secured so far.

Khazanah Nasional managing director Tan Sri Azman Mokhtar said that while the Government would have to slow down on mega projects, Iskandar Malaysia would be unaffected as it has been allocated a significant amount for development.

“Our partners such as Millennium Development International Company, Kuwait Finance House and Mudabala Development Company are strong partners and our mega projects are moving,” he said.
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Old July 9th, 2009, 06:56 AM   #12
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Mitrajaya unit gets RM63.6m job at Iskandar Malaysia Educity
Written by Yong Min Wei
Tuesday, 07 July 2009 21:26

KUALA LUMPUR: Mitrajaya Holdings Bhd's (MHB) wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd has accepted the letter of award for the proposed construction of main building works for the Newcastle University Medicine Malaysia Campus at Educity in Iskandar Malaysia for RM63.64 million.

According to a Bursa Malaysia filing today, Mitrajaya said the contract shall be for a period of 20 months starting from July 6, 2009, and to be completed by March 5, 2011, adding that it was expected to contribute positively to MHB Group's future earnings.
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Old July 9th, 2009, 06:57 AM   #13
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Mitrajaya awarded varsity campus job
Published: 2009/07/08

PROPERTY and construction firm Mitrajaya Holdings Bhd has won a RM63.6 million contract to build the Newcastle University Medicine Malaysia Campus in Johor.

Its wholly-owned unit Pembinaan Mitrajaya Sdn Bhd received the letter of award on July 3.

The main campus building is located at Educity in Iskandar Malaysia.

The contract is for 20 months starting from July 6 and ending on March 5 2011, Mitrajaya told Bursa Malaysia yesterday.
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Old July 9th, 2009, 06:57 AM   #14
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Mitrajaya surges past 1-yr high
Written by Joseph Chin
Wednesday, 08 July 2009 09:37

KUALA LUMPUR: Mitrajaya Holdings Bhd’s share price surged past a one-year high to 59.5 sen in early trade on July 8 after it secured a RM63.64 million contract for a university in Johor.

At 9.29am, it was up 11.5 sen to 59.5 sen, the highest since May last year. There were 72,300 shares done.

However, the FBM KLCI fell 6.03 points to 1,060.33. Turnover was 76.49 million shares valued at RM70 million.

Yesterday, Mitrajaya said it had secured a RM63.64 million contract for the main building works of a university in Iskandar Malaysia, Johor.

The project was for the Newcastle University Medicine Malaysia campus at Educity in Iskandar Malaysia.
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Old July 17th, 2009, 04:26 AM   #15
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Source: http://www.iskandarinvestment.com/do...CHURE_2009.pdf

[IMG]http://www.**************/show/2009/07/17/05/20/4469629_1905x1269.JPG[/IMG]
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Old July 20th, 2009, 05:27 PM   #16
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Studying medicine made cheaper
2009/05/20

FIFTY years ago, to study medicine, a Malaysian had to go to Dublin University.

Today, Dublin University has a medical college in Penang. It is just a stone's throw from the Penang Hospital.

With the establishment of the Iskandar Corridor, the University of Newcastle will be setting up a university to teach medicine there.

The cost of studying medicine is astronomical. Students spend vast sums of money to study medicine overseas.

With the university to teach medicine at our doorstep, there is drastic cost saving.

It is the genius of our fifth prime minister, Tun Abdullah Ahmad Badawi, that this great achievement has come to be.
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Old July 20th, 2009, 09:25 PM   #17
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Grand plan: Abdul Ghani admiring a model of the new Newcastle University
campus in Nusajaya
yesterday. With him are (from left) the university’s dean
of international medical education Prof Reg Jordan, vice-chancellor Prof Chris Brink and Azman
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Old July 30th, 2009, 10:44 PM   #18
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Newcastle University invests RM100m in Nusajaya
By EILEEN HEE

KUALA LUMPUR: Newcastle University will set up a RM100mil medical faculty in Nusajaya, Johor, via a joint venture with Iskandar Investment Bhd by 2011.

According to Dean of International Medical Education and CEO of Newcastle Medicine Malaysia Sdn Bhd Professor Reginald Jordon, students will be able to obtain a Newcastle University medical degree at about half the cost of doing so in Britain when Newcastle University Medicine Malaysia (NUMed) is set up in Iskandar Malaysia.

“At the moment, we have about 40 Malaysian students on our medical programme in Britain. A large number of those students is sponsored by Mara,” he told StarBiz.

With this five-year programme, the Malaysian Government would be able to fund more students for the medical degree at NUMed, Jordon said.

Set on a 13-acre site and comprising 16,000 sq m of academic space, the campus aims to produce 180 medical students per year by 2017.

“We will start taking 40 students by next year. While the campus is being built, students will do their first two years in Britain. They will then come back to the NUMed campus when it is completed in 2011,” he said.

“Once the campus is completed, we expect to have the whole programme in Malaysia. We are now in discussions with the Health Ministry and hospitals in Johor which will be working with us.”

Jordon was optimistic on the prospects of the education industry, citing that the World Bank had predicted that by 2025 there would be 60 million people from Asia demanding higher education.

“Malaysia has also set an ambitious target of 100,000 international students by 2010. Furthermore, it was recently announced by the Indian government that over the next 10 years, they would need an additional five million doctors,” he said.

Plans were also in the pipeline to establish a post-graduate centre in the campus, Jordan said, adding: “This is to enable us to provide continuing professional development for our own staff and also extend that facility to doctors in the public and private hospitals in Johor.

“We hope to not just contribute by educating the undergraduates but also in post-graduate development. In 2011, we will be introducing our Masters degree.”
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Old August 16th, 2009, 11:14 PM   #19
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'Offer local firms incentives to invest in Iskandar Malaysia'
By Anis Ibrahim Published: 2009/08/17

ISKANDAR Malaysia in Johor is likely to recover from the economic slowdown much faster than other parts of the country.

Despite the downturn, foundation infrastructure work has begun, and there is clear political will to make the economic corridor a success, a senior valuer said.

Chartered valuation surveyor Samuel Tan said Iskandar Malaysia's proximity to Singapore and the multi-million-ringgit allocation from the federal government are also factors which will help Johor pick itself up better than others.

"A lot of overseas interest was generated when Iskandar Malaysia was launched in 2006. Johor Baru, which had been in a property slump for the past decade, is now seen as a place with good investment potential.

"Malaysians are sceptical (of Iskandar Malaysia's success) because of how the past years went, but I would remind them that it's a 25-year plan. Things will not change overnight," he said.

Tan, who is also executive director of KGV-Lambert Smith Hampton in Johor Baru, added that a statutory body like the Iskandar Regional Development Authority (Irda) also helps to convince foreign investors of the groundwork which the government has set up.

And while much still needs to be done on projects such as EduCity and the Newcastle University of Medicine Malaysia, important foundation work has begun.

"I can give examples of the Eastern Dispersal Link, Jalan Yahya Awal interchange, Southern Link and Senai-Desaru Expressway - all these facilitate traffic flow. "I believe that by the time these roads are ready, Johor Baru will have recovered from the slump and be ready to move forward."

Tan was cautious when asked to comment on reports of soaring property prices, following the Iskandar Malaysia development.

"It's true that following extensive promotion, Iskandar Malaysia captured a lot of foreign interest and things started looking up.

"Unfortunately, the present slowdown set in soon after that. So recovery has been derailed a bit."

House prices in Johor fell nearly 25 per cent following the 1997-98 economic crisis.

A two-storey house in Perling, Johor Baru, which sold for RM280,000 in 1997 will fetch about RM180,000 today.

Tan said although this trend was likely to continue next year, there could be some light at the end of the tunnel next year.

"For instance, about four years ago, a company bought 12ha of commercial land at RM30psf for a large department store in Johor Baru. More recently, they bought another plot of land but this time at RM65psf.

"Even in these uncertain times this company was willing to pay twice the price for this new piece of land. This is a sign that we're slowly moving towards better times, most probably in 2011 or 2012."

The next two years, Tan said, will be a time for Iskandar Malaysia to build up its foundation and strengthen ties with new and prospective investors.

He suggested that Iskandar Malaysia stop depending on foreign investments for the next couple of years.

"I've heard local investors claim that they're not given a level playing field. For the next two years, make it easier for local investors to set up in Iskandar Malaysia. Why not offer incentives for local companies to come in.

"The reason I'm suggesting this is because foreign investors first need to get their own house in order before they can invest overseas whereas Iskandar Malaysia cannot wait, it has to continue.

"And in the meantime, where else do we get investors from, but from our own shores," he said.

Despite the uncertainties surrounding the current business climate, Tan was hopeful about the property market in Johor.

"We're at the stage of building a foundation for Iskandar Malaysia, which is made easier with the close collaboration of the federal and state governments and the private sector.

"With that in mind, we can work towards recovery, which I believe we can expect to see in 2012," he said.
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Old September 1st, 2009, 08:31 PM   #20
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Newcastle University puts new campus in Malaysia
Newcastle University is to establish a medical and biotechnology campus in Malaysia.
By Graham Tibbetts

It will allow students from south-east Asia to gain degrees from a British university at a much lower cost.

Called the NUMed branch campus, the £5million faculty will open in 2011 in the province of Johor.

t is expected to be the precursor to a number of other institutions expanding in the area, including Hull University and several British public schools.

Marlborough College and Oundle School are among those said to be considering campuses in Johor, which could involve sending out experienced teaching staff.

The likely influx has prompted the local government to built a vast complex for the British institutions, which could host 100,000 students and become the new adacemic hub of Asia.

Newcastle's arrival is the latest foreign investment in Johor's Iskandar region, which is regarded as an area ripe for development only a few kilometres from Singapore.

The province is in the midst of an aggressive drive to position itself as the logical spillover from Singapore, now that the city state is running out of land and other resources.

Nottingham University was the first to experiment with the satellite campus in Malaysia and opened its campus on the outskirts of Kuala Lumpur in 2005, offering identical courses to ones taught in Britain.
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