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Old January 2nd, 2008, 07:05 AM   #201
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Kerancakan di WPI bermula suku pertama 2008


JOHOR BAHRU 1 Jan – Projek Wilayah Pembangunan Iskandar (WPI) dijangka bertambah rancak pada tahun ini dengan kebanyakan projek di bawah rancangan pembangunan di wilayah itu dimulakan pada suku pertama tahun 2008.

Menteri Besar Johor, Datuk Abdul Ghani Othman berkata, hampir semua urusan berkaitan peraturan dalam WPI telah diselesaikan pada tahun lalu, sebelum beberapa siri perkembangan projek berkenaan diumumkan sedikit masa lagi.

“Kerajaan kini berada pada status ‘bersedia untuk melaksanakannya’. Banyak perkara menarik akan berlaku pada 2008 dan Kerajaan Persekutuan bersama kerajaan negeri amat komited bagi memastikan projek rancangan WPI berjalan seperti yang dirancangkan,” katanya kepada pemberita, di sini.

Abdul Ghani yang juga Pengerusi bersama Pihak Berkuasa Lembaga Pembangunan Iskandar berkata, satu pelan komunikasi baru akan diwujudkan bagi memastikan orang awam sentiasa mendapat maklumat terkini mengenai WPI dan beberapa pengumuman baru, termasuk tentang pelaburan baru, pemberian kontrak dan pelancaran projek infrastruktur yang besar.

Beliau juga berkata, pelabur dari Asia Barat yang membawa masuk pelaburan berjumlah AS$1.2 bilion (RM4.2 bilion) akan memulakan projek mereka pada suku pertama tahun ini di Node 1 dengan Aldar Properties di bawah perjanjian Mubadala Development Company, yang melabur sejumlah AS$520 juta, akan mula membangunkan zon santai termasuk projek perumahan, taman hiburan, padang golf dan pusat perubatan.

Katanya, Al-Nibras Ltd. anak syarikat Kuwait Finance House yang akan melabur AS$330 juta, pula akan memulakan pembangunan kluster budaya yang meliputi taman kreatif dan perkampungan warisan, manakala Abu Dhabi’s Millenium Development Company yang akan melabur sebanyak AS$325 juta mula membangunkan zon kewangan antarabangsa.

Menurut Abdul Ghani, semua pembangunan infrastruktur dalam WPI juga akan bermula pada suku pertama tahun ini, termasuk pembinaan Lebuh Raya Pesisir Pantai, sepanjang 15 kilometer yang menghubungkan bandar raya Johor Bahru dengan Nusajaya bernilai RM1 bilion.

“Syarikat Permodalan Johor Selatan (SJIC) iaitu sebuah syarikat yang berkaitan WPI juga akan memulakan pembinaan sembilan susur keluar dan enam jambatan bagi Lebuh Raya Pesisir Pantai, manakala pembinaan Lebuh Raya Penyuraian Timur (EDL) yang menghubungkan Kompleks Kastam, Imigresen dan Kuarantin (KIK) dengan Lebuhraya Utara Selatan di Pandan akan dimulakan pada Mac ini,” katanya.

Beliau berkata, projek pemulihan sungai-sungai di sekitar WPI juga akan bermula tahun ini, melibatkan peruntukan sebanyak RM900 juta bagi membersihkan Sungai Skudai, Segget dan Tebrau yang kini pencemarannya berada pada tahap kritikal, manakala projek MSC Cyber City bernilai RM500 juta juga akan dibangunkan di Kulai, pada tahun ini.

Pusat Pentadbiran Baru Kerajaan Johor, yang bernilai RM1.2 juta juga akan beroperasi pada Mac ini dan beberapa kemudahan keselamatan di WPI melibatkan kos bernilai RM330 juta juga akan dibangunkan pada tahun ini, katanya.

“Antara projek yang telah dilaksanakan sepanjang 2007 pula ialah pelancaran Puteri Harbour bernilai RM1.5 bilion dan janakuasa Tanjung Bin bernilai RM7.8 bilion,” katanya.

WPI yang meliputi beberapa daerah di Johor merupakan koridor pembangunan kawasan selatan yang bakal menyaksikan kawasan Johor Selatan bertukar menjadi bandar raya metropolis antarabangsa seperti Hong Kong dan Shenzhen, China.
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Old January 2nd, 2008, 07:40 AM   #202
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UEM: Nusajaya poised to ‘come alive’ by 2011
by Tamimi Omar
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KUALA LUMPUR: The Nusajaya regional city in Johor, boosted by a substantial population of 100,000 now, is on track to “come alive” with commercial activities by 2011 and further development via partnerships, said UEM Group.

UEM World Bhd’s subsidiary UEM Land Sdn Bhd’s chief executive officer Wan Abdullah Wan Ibrahim said the development in Nusajaya would be boosted by the completion of the Johor state administrative centre, which was due for occupation in the first quarter of 2008.

“By 2011, the ongoing developments (in Nusajaya) would be generating new demand and it will propel a step further, driven by its own energy,” he told The Edge Financial Daily recently.

“All these projects would take time to develop and we believe by 2011, would achieve its target of ‘coming alive’ so to speak,” Wan Abdullah said.

He said other development centres include those such as the industrial and logistics cluster, the industrial development for advance technology corporations, which the company began selling this year and its three residential developments.

According to reports, the residential projects in Nusajaya — Horizon Hills, Nusa Idaman and Puteri Harbour — have a gross development value (GDV) of RM4.55 billion. Horizon Hills has a GDV of RM2.6 billion, Nusa Idaman RM450 million and Residential North precinct of Puteri Harbour RM1.5 billion.

Wan Abdullah said Nusa Indaman, which comprise medium cost housing, had been completed.

“So by 2011, these types of properties would be at a mature stage and achieve its tipping point. And then there are other projects like the international resort that would house the theme park and medical city,” he added.

Meanwhile, Khazanah Nasional Bhd managing director Datuk Azman Mokhtar told The Edge Financial Daily that the Iskandar Development Region (IDR), which requires an investment of US$105 billion (RM351.75 billion) over a 20-year period, would see more activities beginning 2008.

He said: “2008 will be when we are clearing and building the roads (and) some of the new investments will be coming in the first half. There will be greater visibility.”

Azman said so far there were already three Gulf-based investors pumping in US$12 billion for land and basic infrastructure in the IDR.

“These investors are committed, they are the bluest of blue chips from the Gulf. We are also working on various other key catalyst developments, including a proposed theme park and investors from other key countries, including China and India,” he said.

Azman said there were progress in the development of the IDR region this year, particularly between the Malaysian and Singaporean governments in identifying mutually beneficial areas of development, which include the Smartcard, a common Custom Immigration and Quarantine (CIQ) and potential MRT and transportation links, among others.

Asked how close is the IDR to achieving the first three benefits, he said: “It is quite encouraging; considerable progress has been made in the last one year.”
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Old January 4th, 2008, 02:54 AM   #203
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Mah Sing to expand in IDR

KUALA LUMPUR: Mah Sing Group Bhd wants to further strengthen its foothold in the southern tip of the Iskandar Development Region (IDR) by developing a mixed development project with gross development value (GDV) of RM157.8mil, group managing director Datuk Seri Leong Hoy Kum said.

“Strong economic and population growth expected under the IDR should spur demand for housing in the area,” Leong said in a statement yesterday.

“Johor has the second largest property market in Malaysia with 12% of property transactions in 2006, and the second largest housing demand under the Ninth Malaysia Plan,” he said.

The new project, called Sri Pulai Perdana 2, will be developed on 24,084ha freehold land worth RM21mil.

“We see a lot of upside not only because we can ride on our premium branding, unblemished track record and good locations, but also because the IDR and Singapore’s two integrated resorts will spur the economy further,” Leong said.

He said the expansion was also timely to capitalise on the Government’s initiative under Budget 2008 whereby Employees Provident Fund contributors would be allowed to make monthly withdrawals for financing one house from this year.

“This could potentially unleash close to RM9.6bil annually into the property industry, allowing home buyers to afford homes costing 20% more than previously,” he added.

Mah Sing currently has 15 projects with a remaining gross development value of RM3.199bil.

It has unbilled sales of RM1.077bil, representing a total GDV of RM4.276bil, which will ensure earnings visibility for seven years. – Bernama
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Old January 5th, 2008, 10:32 AM   #204
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Senai to have high-tech industrial park
Saturday January 5, 2008 MYT 3:56:25 PM
By FARIK ZOLKEPLI
TheStar

JOHOR BARU: Johor will have a high-tech industrial park in Senai to cater to the demands of investors in the Iskandar Development Region (IDR).

Johor Mentri Besar Datuk Abdul Ghani Othman said the construction of the park would begin this year and cost at least RM120mil.

"The park will be built on 404.6ha of land near the Senai International Airport.

"It will be equipped with state of the art facilities," he said, adding that the demand for such a park in southern Malaysia had increased in the last few years.

Abdul Ghani said another industrial park would also be built in Sedenak this year.

He explained that the state was in dire need of new parks because of the big scale investments.

"If we do not plan to construct new industrial parks, then we may face shortages of industrial areas," he told pressmen after launching the Nusa Cemerlang Industrial Park here Saturday.

Abdul Ghani said a settlement for foreign workers in IDR would be built near Pekan Nenas on some 40ha of land this year.

"It will initially cater to about 60,000 workers from all sectors needed in IDR.

"We hope the private sectors such as housing developers and contractors could collaborate with the Iskandar Region Development Authority (IRDA) in constructing housing and facilities for the settlement," he said.

Abdul Ghani said a certain zoning system would be implemented on the settlement and it would be equipped with facilities such as transport, security and other necessities.
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Old January 7th, 2008, 09:16 AM   #205
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Old January 7th, 2008, 10:28 AM   #206
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oooo.....Ikea will be open in JB...
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Old January 8th, 2008, 02:51 AM   #207
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Bandar Raya keen to do more projects

Bandar Raya Developments Bhd CEO Datuk Jagan Sabapathy shares with StarBiz his views on the company’s latest deal, the prospects of the commercial property sector in Asia and what he thinks will make the Iskandar Development Region project successful. Below are excerpts from the interview.

STRABIZ: What does the sale of Office Tower 2 in CapSquare mean for Bandar Raya?

Jagan: Typically, they (Union Investment Real Estate AG) do not buy an uncompleted building. But here they are, their first time in Malaysia and buying an uncompleted building for the first time .

So, from our point of view, Malaysia has passed a very vigorous test and I think Union Investment is keen to do more here. I expect them to continue looking for new deals in Malaysia.

It (the deal) is very good for Bandar Raya because it means that it we were able to complete a very significant deal with a significant player. Hopefully we can do more things with them in future.


Bandar Raya Developments chairman Datuk Mohamed Moiz (centre) exchanging documents with Union Investment Singapore MD and Head of Asia Pacific Markets Steffen Wolf. Looking on is Datuk Jagan Sabapathy (left).


What are your views on the commercial rates in Malaysia?

There has been a huge improvement. We (CapSquare) are at the fringe of the Golden Triangle. I think for a long time, valuations here were sitting on RM650-RM700 per sq ft. We have gone past that (with this sale). Clearly, there is upside in this market.



You reckon the prospects are good for commercial space in the Klang Valley?

I think so. If you really study the market, you will be able to see that the commercial sector has been lagging. But like everything else, as our gross domestic product expands, new jobs are being created in sectors such as the financial services and oil and gas.

So, within the Klang Valley, you are going to see the need for more quality commercial space.

I think that this in itself will give a shot in the arm for demand, valuations and pricing.



What more is in store for Bandar Raya this year?

What’s happening this year is that we still have two more office tower blocks in CapSquare. Those are about 160,000 sq ft each and I would like to think that we would now commence marketing those two blocks.

The Bangsar Shopping Centre is being expanded – we are adding 100,000 sq ft retail and 200,000 sq ft office space. This will continue to allow us to expand our portfolio.

The expectation is that by 2010, we would end up keeping for ourselves close to one mil sq ft of grade “A” commercial space.



Any plans for new land acquisition?

We are looking for new parcels of land within the Klang Valley - quality, commercial space comprising office and retail, for both investment and sale.

Obviously we will be looking for land where we are comfortable. I’d like to think that we will be looking at stretching our base - I think there are a lot of opportunities in Petaling Jaya, - that whole commercial belt from PJ, Subang to the airport, and Klang ... there are a lot of commercial activities there. That belt also has a huge population.

We may even look at Johor Baru - we’ve got our Permas Jaya project, which started off with almost 1,400 acres and we still have almost 400 acres left.

We are obviously keeping a very close watch on what’s going on in the Iskandar Development Region (IDR).



What’s your observation on the IDR? There are so many conflicting views on it.

Obviously, for the IDR to work well, it needs to engage the very “lucrative” population in Singapore.

I think there are great opportunities there. It’s a question of how ultimately IDR engages Singapore: it comes to that because clearly the market is Singapore.

It's not going to happen without the Singaporeans participating, so we have to be able to talk to them.

The cost of doing business in Singapore is becoming prohibitively high as with the standard of living.

Singapore needs to take the heat off from its market and Malaysia needs her people to move (the IDR project). Everybody wins.

I’m cautiously optimistic on the IDR.



Given the persistent subprime issue in the US, what is your take on property demand in Asia, and Malaysia specifically?

Forget about our “heroes” in the US. Typically, there is still a lot of money flowing into Asia.

I think in the narrow sense, obviously subprime affects confidence in the US and selectively some Japanese banks, and there is some impact ... but there is still a lot of the world that is growing very quickly.

And actually, if you take out the subprime issue out of the US real estate and finance sectors, a lot of American companies are doing very well, given their exposure to Asia.

Look at the oil producing countries - there is a huge amount of liquidity that is spilling out from there; the amount of petrol dollars flowing into Asia is huge.

Then you have China and India – traditionally recipients of investments – but now you see them putting cash back into Asia.

So, I think that in spite of the issues in the West, liquidity within Asia is still very strong.

So long as that is happening and interest rates appear to be trending down, you still have the right conditions to continue to sustain Asian economies. And when that happens, the conditions in Malaysia are right (to benefit).
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Old January 9th, 2008, 06:23 PM   #208
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Hilltop at Nusajaya promises a retail and leisure mix unlike anything else
in Malaysia.

Combining open air and traditional enclosed mall retailing, Hilltop’s unique atmosphere will take shopping in Johor, and Malaysia, to new heights.

This architecturally stunning open air centre will be anchored by a Department Store and Hypermarket and is designed to feature a multiplex cinema, bowling alley and a village-style collection of distinct specialty shops and trendy theme restaurants with patio seating.

The striking streetscape design will become a showcase for retailers. A showcase of lush natural landscaping and tranquil water accents will create a pedestrian friendly, park style promenade that will complete the
customer experience.

Hilltop’s primary trade area will comprise 120,000 Nusajaya residents. 500,000 Johor residents live within 30 minutes drive. Proximity to the PLUS highway will facilitate visitation from Johor City, inter-state tourists
and Singaporeans.

Hektar Group’s world-class centre facilities and centre management will come together to redefine the shopping experience in Malaysia.
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Old January 10th, 2008, 09:30 AM   #209
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another waterfront project for JB

Lido Boulevard development to begin in March

JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence after Chinese New Year.

The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along the Lido Beach here in March.

In a statement, CMP managing director Dato’ Chan Tien Ghee said, “The prequalification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention."

The Lido Boulevard is one of the biggest privately-financed initiatives along the Lido waterfront here after the Danga Bay development.

This privatisation project is a joint-venture between CMP and Johor State Secretary Incorporated - an investment holding company of the Johor State Government - which is also the land owner, the statement said.

Chan said CMP would spend RM150mil over the next two years to upgrade all existing road infrastructure on site. This includes expanding the present Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

“As this development is designed for city living, Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he noted.

Lido Boulevard has four main development components – luxury condominiums, waterfront office suites, a hotel and a shopping mall.
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Old January 11th, 2008, 02:25 AM   #210
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Developer gears up to begin work on Lido Boulevard
The Vincent Tan-linked Central Malaysian Properties will start mobilising construction equipment and manpower at the project site along the Lido Beach in March

Published: 2008/01/10



CENTRAL Malaysian Properties Sdn Bhd (CMP), a company linked to businessman Tan Sri Vincent Tan Chee Yioun, said it is on track to begin work on the RM2.7 billion Lido Boulevard waterfront project in the Iskandar Development Region, Johor, in March.

The property developer will start mobilising construction equipment and manpower at the 49.37ha beachfront site.

The project is expected to be completed by 2016.

"The pre-qualification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that Iskandar is drawing wide attention," CMP managing director Datuk Chan Tien Ghee said in a statement yesterday.

The Lido Boulevard is one of the biggest private finance initiatives along the Lido waterfront in Johor Baru, after the Danga Bay development.

The project is a joint venture between CMP and Johor State Secretary Inc, an investment holding company of the Johor state government, which is also the landowner.

To be developed in phases, the project will stretch 2.4km along Lido Beach from the Lot 1 shopping mall to the Marine Department.

"We are ready to mobilise equipment and manpower to start physical works on-site pending certain final approvals from the authorities. We expect construction to go full swing after the Chinese New Year," Chan said.

CMP will spend RM150 million over the next two years to upgrade all existing road infrastructure at the site, he added. This includes expanding Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

"We will also build flyovers and pedestrian bridges to transform Lido Boulevard into one of the most attractive destinations in Johor Baru."

Chan said works will also involve land reclamation at Lido Beach.

Lido Boulevard has four main development components: luxury condominiums, waterfront office suites, a hotel and a shopping mall.

According to Chan, Lido Boulevard will have generous open spaces for public recreation. This includes a 2.4km-long boardwalk, 9.7ha man-made lagoon for water activities and 1.8ha public park.

The development blueprint is based on the theme of a "garden city", with landscaped gardens, water fountains and park-like facilities covering nearly a quarter of the area.
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Old January 11th, 2008, 02:27 AM   #211
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Work on Lido Boulevard to start after CNY



JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence after Chinese New Year.

The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along Lido Beach here in March.

In a statement, CMP managing director Datuk Chan Tien Ghee said: “The pre-qualification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention.”

Lido Boulevard is one of the biggest private finance initiatives along the Lido waterfront after the Danga Bay development.

The project is a joint venture between CMP and Johor State Secretary Inc, an investment holding company of the Johor government that is also the land owner.

Chan said CMP would spend RM150mil over the next two years to upgrade all road infrastructure on site. This included expanding Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

“Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he said.
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Old January 11th, 2008, 02:52 AM   #212
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Pembinaan Lido Boulevard bermula Mac
Oleh Azli Ayob

KERJA bagi projek pembangunan hartanah pinggir laut terbaru di Wilayah Pembangunan Iskandar (WPI), Lido Boulevard yang bernilai RM2.7 bilion, akan dimulakan selepas Tahun Baru Cina.

Pemaju projek, Central Malaysian Properties Sdn Bhd (CMP), akan mula memindahkan peralatan pembinaan dan tenaga kerja ke tapak projek terletak di sepanjang Pantai Lido itu, Mac ini.

Pengarah Urusan CMP, Datuk Chan Tien Ghee, berkata pada peringkat prakelayakan, terdapat lebih 130 firma antarabangsa mengemukakan tender bagi projek terbabit.



“Ini adalah petunjuk jelas bahawa pembangunan WPI berjaya menarik perhatian banyak pihak,” katanya dalam satu kenyataan, semalam.

Lido Boulevard adalah satu daripada projek di bawah inisiatif pembiayaan swasta terbesar di sepanjang Pantai Lido selepas pembangunan Danga Bay.

Projek penswastaan itu membabitkan kerjasama CMP dan Perbadanan Setiausaha Kerajaan Johor iaitu syarikat pegangan pelaburan di bawah kerajaan negeri Johor, yang juga pemilik tanah.

Projek pembangunan bersepadu pinggir laut itu dimajukan di tapak seluas 48.8 hektar berdekatan pusat perniagaan Johor Bahru.

Ia akan dibangunkan dalam beberapa fasa mengunjur di sepanjang 2.4 kilometer kawasan Pantai Lido, bermula dari pusat beli belah Lot 1 hingga ke Jabatan Laut.

Chan berkata, CMP akan membelanjakan RM150 juta dalam tempoh dua tahun akan datang bagi menaik taraf semua prasarana jalan raya sedia ada di atas tapak projek itu.

Katanya, ini termasuk melebarkan Jalan Abu Bakar (Jalan Skudai) kepada dua laluan tiga lorong.

“Kami juga akan membina persimpangan bertingkat dan jejambat pejalan kaki bagi mengubah Lido Boulevard menjadi destinasi tarikan utama,” katanya sambil menambah kerja di tapak projek membabitkan tambakan laut di Pantai Lido.

“Memandangkan projek ini direka bentuk untuk memenuhi ciri kehidupan di bandar raya, Lido Boulevard akan membantu menjadikan Johor Bahru sebuah bandar raya yang meriangkan dengan kemudahan liburan dan rekreasi, khusus untuk orang ramai,” katanya.
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Old January 12th, 2008, 05:55 AM   #213
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maybe lido boulevard should have their own tread? btw, i realised that all jb projects are posted under idr news? thanks rizalhakim and nazrey for the updates!
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Old January 12th, 2008, 10:11 AM   #214
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Vincent Tan investing RM2.7b in Johor project

The Lido Boulevard project is an integrated residential-cum-commercial waterfront city which will cost RM19 billion and take 15 years to develop


BUSINESS tycoon Tan Sri Vincent Tan is investing RM2.7 billion in a waterfront project along the Johor Straits, the Lido Boulevard.


The project is reputably the second largest along the Johor Straits after the 552ha Danga Bay development, which will cost RM19 billion and take 15 years to develop beginning 2000.


To be developed by Central Malaysian Properties Sdn Bhd (CMP), which is linked to Tan, the 49ha Lido Boulevard is an integrated residential-cum-commercial waterfront city.


It is one of the biggest private finance initiatives to date at the Iskandar Development Region, and is set to change the skyline above Lido Beach, stretching from the Lot 1 Waterfront Shopping Centre to the Harbour Master Office.


The project, which occupies the beachfront just outside the Johor Baru central business district, is designed to be the garden city of the south with heavily-landscaped gardens, water fountains and park-like facilities.


This privatisation project is a joint venture between CMP and State Secretary Inc, an investment holding company of the Johor state government, which is also the landowner.


It is CMP's flagship project and will be financed through shareholder funds and other internal financial arrangements.


In launching the project yesterday, Johor Menteri Besar Datuk Abdul Ghani Othman said the development will enhance the city's profile globally and reposition Johor Baru as an international gateway to Malaysia.


The project will be developed in phases and will stretch nearly 2.4km along Lido Beach.


CMP managing director Datuk Chan Tien Ghee said the development will have four components: luxury condominiums, waterfront office suites, a hotel and a shopping mall.
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Old January 16th, 2008, 06:22 AM   #215
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Nusa Cemerlang to complement the IDR

By FARIK ZOLKEPLI


From Left: Gooi Seong Lim, Datuk Abdul Ghani Othman and Crescendo Land director Michael S.H. Tan looking at the model of the Nusa Cemerlang Industrial Park
JOHOR BARU: The new Nusa Cemerlang Industrial Park (NCIP), with a total gross development value of about RM1bil, will cater to the needs of investors wanting to set up companies within the Iskandar Development Region.

Crescendo Corp Bhd managing director Gooi Seong Lim said the project, to be developed by its subsidiary Panoramic Industrial Development Sdn Bhd, would comprise 352 factories, targeting small and medium industries.

“We forecast the project to be completed in eight to 10 years.

We hope about 150 units will be ready by end-2009,” he said after the launch of the industrial park by Johor Mentri Besar Datuk Abdul Ghani Othman recently.

Gooi said phase one, which was almost complete, comprised 50 detached and semi-detached factories with a floor space of 6,000 to 50,000 sq ft each.

“We have sold more than 50% of the units and the certificates of fitness for occupation for these factories are expected to be issued soon,” he said.

“The construction of another 50 factories will be starting soon to cater to increasing demand from local and foreign investors.”

Gooi said the company was optimistic about the long-term demand for the factories at the NCIP due to their close proximity to Tuas in Singapore, competitive pricing, good infrastructure, availability of labour, good seaport and warehouse with Tanjung Pelepas Port only 10 minutes away.

“The 213ha industrial land is open to various sectors, such as electronics, food manufacturing and pharmaceutical. Our projects will complement the development of Bandar Nusajaya,” he said.
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Old January 17th, 2008, 08:55 AM   #216
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MPCorp in advanced talks for stake sale in IDR development vehicle
by Woon Wu Lin
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KUALA LUMPUR: Malaysia Pacific Corporation Bhd (MPCorp) is in “advanced discussions” with a strategic partner to take up a 20% stake in its sub-subsidiary, Taman Bandar Baru Masai Sdn Bhd (TBBM), the developer of an integrated city in the Iskandar Development Region, Johor.

In a filing with Bursa Malaysia yesterday, it said the integrated city would comprise commercial and residential development in Nusa Damai.

“The board of directors on Jan 15, 2008 approved in principle the proposed joint venture and sale of the 20% stake in TBBM with an identified strategic partner,” it said, adding that the terms of the agreement had not be finalised.

The company said it was well ahead in discussions with another strategic partner to take up a “large stake” in a proposed vehicle, namely Asia-Pacific Trade and Expo City Sdn Bhd (APTEC).

APTEC will develop a commercial and residential project, which will feature trade-exhibition and regional wholesale distribution centres as well as super-malls, in LakeHill City, Nusa Damai.
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Old January 21st, 2008, 03:10 AM   #217
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More developers eye Johor land
Mah Sing, Tradewinds, TTDI Development and Melati Ehsan have bought or are buying or plan to acquire land in the Iskandar Development Region

By Sharen Kaur and Jeeva Arulampalam Published: 2008/01/21




MORE property developers are buying land in Johor as they bet that the Iskandar Development Region (IDR) will spur higher prices.

Prices are rising, albeit marginally at present, due in part to demand as well as costly building materials, industry executives said.

At the current rate, it will take some time before they rival prices in Kuala Lumpur, they said.

Mah Sing Group Bhd chief Datuk Leong Hoy Kum said its three existing projects in Johor have enjoyed brisk sales since Iskandar's launch.

Prices of properties in prime locations in Johor Baru have risen by about five to 10 per cent, he said.

Mah Sing recently bought 24ha in Johor Baru for RM21 million to develop a new township, called Sri Pulai Perdana 2.

"We expect the prices of properties in Sri Pulai Perdana 2 to rise slightly by five to 10 per cent," Leong said in reply to questions from Business Times.

Another company which is betting on Johor is Tradewinds Corp Bhd, owned by Tan Sri Syed Mokhtar Al-Bukhary.

Tradewinds is buying 363ha in Bandar Nusajaya for RM145 million.

Naza Group's property unit, TTDI Development Sdn Bhd, is also looking to buy land in the state.

According to Datuk Yap Suan Chee, who controls the Melati Ehsan Group, real estate sales have picked up by more than 20 per cent.

Yap told Business Times that Melati Ehsan plans to buy more land in Iskandar.

It also wants to develop properties together with landowners.

The group is now developing its maiden venture in Johor, Taman Ehsan Jaya, located within Iskandar, in a partnership with landowner TPPT Sdn Bhd, a unit of Bank Negara Malaysia.

The project comprises 5,000 shoplots, medium-cost houses and low-cost apartments built over 122ha, and is worth around RM850 million.

"We have completed half the project for RM400 million.

"We expect the take-up rate for the remaining units to improve, and we hope to complete the job ahead of schedule due to demand," Yap said.

"We have raised our sale price slightly in the last two years, but this was also to incorporate higher building material costs," he added.
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Old January 21st, 2008, 03:13 AM   #218
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Johor property prices nowhere near KL levels: Developers






By BUSINESS TIMES

PROPERTY developers and consultants say Johor property prices are unlikely to rival those in Kuala Lumpur in the near future given their current growth rate.

While prices of properties in the Kuala Lumpur City Centre area are hitting new highs, with talk of a high-end condominium fetching RM2,000 per sq ft, Johor can only command a quarter of that price.

Prices in the Klang Valley are higher because it is more cosmopolitan and has a bigger population, Mah Sing Group Bhd group managing director and group chief executive Datuk Leong Hoy Kum said.

SP Setia Bhd group managing director and chief executive officer Tan Sri Liew Kee Sin said the increase in property prices was largely a function of demand, supply and affordability.

"In order for prices to rise, demand has to outstrip supply, which can only happen when buyers increase or existing residents experience a real increase in their net disposable income," he said.

He added that Johor's property market remains highly competitive as more developers jump on the bandwagon, resulting in a crowded buyers' market.

SP Setia has four projects in the Iskandar Development Region, with a gross development value (GDV) of RM8.9 billion.

Property experts said a quick way to boost demand would be to attract foreigners, especially with property prices in Singapore rising to stratospheric levels and the island republic becoming crowded.

"The potential spillover effect for Johor Baru is immense, but this can only be realised with free movement of human and vehicular traffic between the two neighbours, minimal regulatory approvals on foreign purchase of properties in Johor and improvement of physical infrastructure and linkages," said Liew.

In addition, security concerns need addressing to convince foreigners to relocate.

While there has been renewed interest from regional investors, including Singapore, the Middle East, South Korea and Japan, the prime mover for Iskandar remains industrial land, said Samuel Tan, executive director of property consultancy KGV-Lambert Smith Hampton (Johor) Sdn Bhd.

He noted that gross rental yield for factories is now nine to 10 per cent a year compared with seven per cent previously.

"The higher yield is due to more quality tenants (multinational companies) in the industrial sites, who are willing to pay for better services and quality," he said.

Tan added that landed property targeting the masses will remain a challenge. "Due to the previous overhang, it will take time to clear the properties priced at RM200,000 and below," he said.

Previndran Singhe, chief executive officer of real estate firm Zerin Properties, said industrial and residential prices had shot up by 15 to 20 per cent in good locations, driven largely by Iskandar.

"The property market in Johor is not robust like Kuala Lumpur's, but vibrant. In the next two years, some serious action is expected to take place in Johor Baru, Pasir Gudang, Nusajaya and Port of Tanjung Pelepas," Previndran said.

Last edited by rizalhakim; January 21st, 2008 at 09:44 AM.
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Old January 21st, 2008, 05:25 AM   #219
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Last edited by haze; January 22nd, 2008 at 10:13 AM.
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Old January 22nd, 2008, 05:52 AM   #220
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January 22, 2008 12:42 PM

Technip Group To Build A RM500 Mln Plant In Johor



KUALA LUMPUR, Jan 22 (Bernama) -- Technip Group, a France-based oil and gas engineering company will invest RM500 million to build a plant to manufacture flexible pipes in Johor, says its president and chief operating officer Bernard De Tullio.

The plant will be built on a 50 acre (20 ha) of land in Tanjung Langsat Industrial Area in Johor. Construction will start in the second quarter of this year and is scheduled for completion in 2010.

The plant will have an annual production of 20,000 tonnes of pipes.

Technip Group's subsidiary, Asiaflex Products Sdn Bhd and Tanjung Langsat Port Sdn Bhd, a subsidiary of Johor Corporation signed a land-lease agreement for the new plant here Tuesday.

The lease is for 30 years with an option to be extended for another 30 years.

Under the agreement, Tanjung Langsat Port will construct a cargo wharf for Asiaflex at an estimated cost of RM130 million. It will be completed by end 2009.

--BERNAMA
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