Architecture and Design specialists Broadway Malyan has completed the masterplan for their Medini project, a large mixed-use community covering a land plot of more than 1,000 ha in Iskandar. The project will comprise of residential communities, resort hotels and the GCD Media Village which support the new Pinewood Iskandar Malaysia Studios, a circa $130 million film and television production facility project which is expected to create over 3,000 jobs.
Broadway Malyan has delivered the concept master plan for a Malaysian complex that will support a new US$130m (£84m) Pinewood film studio.
GCD Media Village in Medini is designed to provide a home and catalyst for creative industries in the region as well support services for the future regional film industry. It will be located close to to the Medini business district, where Broadway Malyan is also carrying out masterplanning.
The Pinewood Iskandar Malaysia Studios film and television production facility project is expected to create more than 3,000 jobs.
The practice has also just completed the concept masterplan for the wider Medini project, which will create a series of mixed-use communities over a 1,000 hectare area.
The North Corridor Economic Region (NCER) has wooed RM6.89 billion worth of investments between January and July, surpassing RM6.08 billion, its full year investments last year.
Its Chief Executive Datuk Redza Rafiq (pictured) said this year’s investments showed significant participation from foreigners, especially from Europe and the US, as compared to last year.
“Of the RM6.89 billion investments, 86 per cent were from foreigners, while 14 per cent from locals,” he said after a media tour to the NCER yesterday.
Redza said he saw a positive uptrend investment for the remaining months this year from the recent deals sealed with three foreign companies and a domestic company, as well as the positive economic outlook.
Last year, NCER’s investments soared to
Dijaya Corp Bhd will expand its presence in Iskandar, Malaysia with the signing of a land purchase agreement with Magical Heights Sdn Bhd and Trident World Sdn Bhd. Dijaya will take advantage of Iskandar’s proximity to Singapore and will be launching more quality properties in the near future.
“Iskandar Malaysia offers good long-term prospects and it will drive the growth of the property market in Johor,” said Tan Sri Danny Tan Shee Sing, chairman of Dijaya Corp.
AS PROPERTY prices in Singapore hit their peak, more investors from the Republic are venturing into overseas property, with Kuala Lumpur (KL) as one of their favourite destinations.
However, Khalil Adis, a property expert and regular contributor to HomeGuru, believes there is a limit on how much capital appreciation properties in KL can achieve as the property market has become too saturated." He noted that the next frontier in property investment is Iskandar Malaysia.
Malaysia's ambitious Iskandar development in southern Johor may have a spin-off effect that would eventually aid Singapore's crowded housing market.
It may even help cool prices, as foreign investment meets increased demand for services and homes.
A plan for seamless connectivity from Johor Baru, Malaysia, to Woodlands in Singapore by 2018, is an attractive allure for investors.
Funds are pouring in, in the hope the development will yield economic benefit.
Singapore has invested some US$153 million (RM 463 million) into the services, education and health sector of the Iskandar Malaysia development, and analysts say further down the line, this will have a positive impact on the Singapore economy.
THE outlook for the Johor property market is likely to remain positive in the second half of the year based on the number of property transactions taking place in the state.
Johor Real Estate and Housing Developers Association (Rehda) branch chairman Simon Heng says its members who took part in the Malaysia Property Expo (Mapex) events recorded a 15% increase in sales.
Some 33 developers who participated in the four-day event held in last November raked in RM331mil in sales over a one-month period and the figure jumped to about RM384mil in Mapex held in May 2011.
“Our members reported better sales in the first half of the year and expect the momentum to continue in the second half of 2011,'' Heng says in an interview with StarBizWeek.
Golden Corporate Heritage Sdn. Bhd. (GCHSB) menjangkakan projek pembangunan Taman Tema Arab atau Arab City yang terletak di Pulau Melaka, Melaka akan siap menjelang akhir tahun ini.
Buat masa ini, taman tema seluas 3.6 hektar dengan nilai pembangunan kasarnya RM75 juta, menyaksikan hampir 68 peratus telah siap.
Pengarah GCHSB, Dr. Salim N. Al Gudhea berkata, Arab City Melaka seterusnya akan dilancarkan secara tidak rasmi pada Januari ini dan dijangka dibuka kepada umum beberapa bulan selepas itu.
Katanya lagi, sedikit tambahan telah dilakukan di bahagian pesisir pantai taman itu. Struktur tambahan berupa permukaan berpasir itu dinamakan sebagai Arabian Oasis.
KHAZANAH Nasional Bhd dan Temasek Holdings Pte Ltd bekerjasama menubuhkan dua anak syarikat bagi membangunkan projek di Iskandar Malaysia, Johor dan Singapura dengan nilai pembangunan kasar terkumpul mencecah RM30 bilion.
Bagi pembangunan projek di Singapura, kedua-dua sayap pelaburan itu menubuhkan syarikat perkongsian, M+S Pte Ltd bagi membangunkan enam bidang tanah di Marina South dan Ophir-Rochor, Singapura.
Sementara itu, sebuah lagi syarikat perkongsian, Pulau Indah Ventures Sdn Bhd ditubuhkan bagi melaksanakan projek di Medini North dan Medini Central, Iskandar Malaysia, Johor.
Semua projek berkenaan akan dibangunkan secara berperingkat dan dijangka siap dalam tempoh lima tahun akan datang.
Khazanah Nasional Bhd. and Temasek Holdings Pte, the state-owned investment companies of Malaysia and Singapore, will jointly develop $9.8 billion of projects in southern Malaysia and downtown Singapore.
The S$11 billion ($8.8 billion) Singapore developments will include hotels, apartments, offices and shops in 501,020 square meters (5.4 million square feet) of space in two main areas of the city’s downtown, the two companies said in an e-mailed statement yesterday. The 3 billion ringgit ($980 million) project in Malaysia’s Iskandar region will have homes, retail space and “wellness-related offerings,” they said.