Latest News!! Iskander land sale defers!!

IIB defers Iskandar land sales

KUALA LUMPUR: Iskandar Investment Bhd (IIB) will put off further land sales in Iskandar Malaysia for the time being, said president and chief executive officer (CEO) Datuk Syed Mohamed Ibrahim.

“At the moment, we are not selling. Iskandar is still relatively small and fragile. We want our investors to make money. This is part of our strategy, which we call ‘controlled release’,” he told the press at a briefing.

IIB sealed two property deals with private companies yesterday worth a combined RM4.6bil in gross development value in the economic corridor south of Johor.

The larger of the two projects involves a joint venture between IIB and Mammoth Empire Holdings Sdn Bhd – which built Empire Subang and Empire City in Petaling Jaya – to develop Medini Empire.

The Medini area alone, located within Iskandar’s Nusajaya cluster, still had some 10 million sq ft of gross floor area (GFA) yet to be developed, said Medini Iskandar Malaysia Sdn Bhd managing director and CEO Khairil Anwar Ahmad.

“We still have a sizeable amount of GFA in the 809.37ha carved out for mixed use in Medini. Some of this we might develop ourselves.

“It would depend on the market. Right now, quite a lot of developers have purchased land in Medini,” he added.

The RM4bil Medini Empire is a mixed development comprising office towers, hotels, service apartments, loft offices, retail space, a convention centre, a concert hall and a cinema, set for completion in 2018.

IIB – an arm of Khazanah Nasional Bhd and the Johor state government that facilitates investments into the state’s economic corridor – owns 40% of Medini Empire and Mammoth Empire the remaining 60%.

The project is to be built on two parcels of adjoining land spread over 9.71ha in what was the car park for Legoland.

This would be the first foray into Iskandar for Mammoth Empire, better known for its developments in the Klang Valley and Melbourne, Australia under the “Empire” banner.

The group was not concerned about an oversupply in the 3601.70ha Iskandar Malaysia because industrial and infrastructure development was set to create 860,000 job opportunities and spur population and housing demand, said executive director Datuk Danny Cheah.

The second IIB project, dubbed Zikay@Medini, would be undertaken by Zikay Group Sdn Bhd and designed by Veritas Architects.

The mixed development, with RM600mil in potential value, consists of small office home office, boutique retail, a 30-level Grade A office tower and service apartments, to be completed in 2016.

Zikay is the second bumiputra company to invest in this region of Iskandar.

It inked yesterday a lease purchase agreement with Medini Development Sdn Bhd for 1.33ha of land in Medini.

Zikay, which has been active in property development and construction for 20 years, built the Royal Selangor state theatre in Shah Alam and the 40-storey Mercu Zikay@Kampung Baru in Kuala Lumpur.

This is also its maiden venture into Iskandar Malaysia.

Extracted from the The Star/ 9th July 2013

INVEST IN ISKANDAR - PARADISO NUOVA SELLING FAST!!

DEAR READERS/BUYERS/INVESTORS,

PARADISO NUOVA UPDATES ON SALE

Almost all 1+1 room units at Tower A have been sold!! Only a few units left, and 2 bedroom units are going fast!!

Tower B will be launching very soon....  Will updated soon...

For enquiries or questions, call The Real Team 
@ 9455-1008 or 9858-0905.

NEWS EXTRACTED FROM THE PROPERTYGURU

GUIDE BOOK PUBLISHED ON INVESTING IN ISKANDAR

A new book has been published which reveals the secrets of investing in Iskandar, Malaysia, from a Singaporean perspective.

The book, Get It Right Iskandar, is co-authored by Getty Goh and Khalil Adis. It’s aimed at the average investor and provides easy-to-read information to help property buyers navigate the buying procedures across the causeway.

According to data from Iskandar Regional Development Authority (IRDA), Singapore is currently the top investor in this special economic zone after Spain. More than 90 percent of property owners in Iskandar, particularly Nusajaya, are believed to be Singaporeans.

Goh, Director of Ascendant Assets, said: “After numerous rounds of cooling measures, many Singaporeans are now looking for alternative investment destinations. With developments in Iskandar taking shape, many investors are hoping to make good profits by investing in the region.”  

“Apart from investors, we have noticed quite a number of elderly Singaporeans are looking to buy something in Iskandar for their retirement. Hence, we think that it is timely to write this book to provide these groups of consumers with essential information that could make a huge impact on their property purchase”.

Adis, Associate Research Director (Iskandar Malaysia) at Ascendant Assets and an experienced property journalist, said: “We hope by writing this book we can empower readers on the things that they need to watch out for when buying a property across the causeway.”  

“While there has been significant interest among Singaporeans when investing in Iskandar, they also need to do their due diligence so as to minimise their risk when buying a property there.”

The book, priced at S$21, is available to order online at www.getitright-iskandar.com. It is also available to all good book stores in Singapore.

Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg

Paradiso Nuova Iskandar Medini Premium Condo - Units selling fast!!!

Dear Valued Readers,

We are a team of dedicated singaporean real estate agents specialises in  Malaysia's Iskander properties.  

Iskandar currently one of the most favourable place for real estate investments, with lots of potential growth in the future. Most importanly, its location is so near our homeland, just minutes of driving from second link Tuas CQ.  With future integrated transportation, it will be even more convenient and easy accessible to travel there.  

There are currently 5 zones in Iskandar, (Flagship Zone A,B,C,D,E,F). The following new launch condo which my team would like to introduce is the much awaited Paradiso Nuova, a premium, low dense residential modern Balinese concept living in Medini, (Zone B) the heart of Iskandar. 

PARADISO NUOVA **A GATEWAY TO A MODERN LIFESTYLE OF LUXURY IN MEDINI 

.  1+1 /2 / 2+1/ 3 bedrm
.  Branded Fittings
.  Private lift lobbies
.  Modern Balinese
   Theme

Very Affordable for Singaporeans & Foreigners!

Please call to find out! 

Medini, as a personal opinion will be somewhat like the "Orchard Road of Singapore," where leisure facilities, theme parks, mega shopping malls, healthcare facilities, hospital, business centres will be integrated as one. The current iconic theme park now is  Legoland and Paradiso Nuova is just a stone throw away.

Most frequent questions asked by Foreigner Buyers:

1. What is the procedure to buy if interested?
2. What scheme is offered by the developer if interested?
3. What are the taxes payable to the Government?
4. Is it leasehold or freehold?
5. Can HDB home owner buy?
6. What is the current bank loan interest rates in Malaysia?
7. How much loan % can I borrow?
8. How much downpayment is required?

If these are the questions in your mind, please call, sms or email us the queries, we will be most happy and honored to answer. Or if you have any other questions in mind, do drop us an email.

News on Iskandar

For your info and pleasure reading....

Updates of New Launch Condos/Commercial Properties in Iskandar

We will be updating this blog with new launch condos/commercial properties info periodically to keep readers, buyers, sellers, investors updated and informed. Please feel free to communicate, share your views and concern with us. We will be glad to hear from you.

Thank you and have a nice day!

God Bless!

The Real Team  
Iskandarboleh.blogspot.com
Iskandarpty@gmail.com
Mobile : 9858-0905 / 9455-1008