BREAKING NEWS

Author Archives: Ryan

Besides DIBS removal, further LTV tightening expected towards year end

dibs

Bank Negara measures seen slowing down loans growth next year; interest rates might increase 0.25% or even 0.5% next year. By DALJIT DHESI PETALING JAYA: More macro prudential measures, especially those aimed at “cooling” the property market, are expected to be introduced in the fourth quarter or next year amid escalating household debt. These measures include further tightening the loan-to-value ... Read More »

The Astaka @ Bukit Senyum

atska

THE ASTAKA @ ISKANDAR MALAYSIA THE NEW STANDARD IN LUXURY CONDO LIVING The Astaka is located in a sought after prime commercial zone in the financial hub of the Iskandar Malaysia Corridor, a strategic development project by the Malaysian Government aimed to transform Johor Bahru into a new urban metropolis of International standing. The entire development, which could surpass the ... Read More »

Singaporeans snap up Country Garden Danga Bay units

danga-bay

Country Garden Danga Bay, a condominium development in Johor Baru, has sold over 5,000 of the 7,000 units on offer, with 30 per cent of them snapped up by Singaporeans. SINGAPORE: After an elaborate campaign to woo buyers featuring fun-fair rides, fireworks displays and free yacht trips at the showflat site, Country Garden Danga Bay, a condominium development in Johor ... Read More »

Paradiso Nuova @ Medini

Paradiso-Nuova

Paradiso Nuova @ Medini Paradiso Nuova is located at the prime location of Medini North in Nusajaya Between 1 Medini/Medini Signature and Glenagles Hospital. The developer  Zhuoyuan Iskandar Sdn Bhd is a joint venture company backed by China’s Zhuoda Real Estate Group and Malaysia’s Iskandar Investment Berhad. Paradiso Nuovo will be developed in 3 phases, with the joint venture company ... Read More »

Population Growth of Iskandar Malaysia

IM Population

Population Growth of Iskandar Malaysia Based on IRDA and CIMB Research, the population of Iskandar Malaysia will reach 3 millions by 2025. Year                                                     2010            2015             2020            2025 IM Projected Population (mil)    –          1.60             2.07              2.53            3.00 Average growth (yearly)       –        93,333 Average member per household –      4 Estimated house unit required (yearly) –    23,333 Average unit per condo / apartment Project –    500 ... Read More »

Will Johor-Singapore MRT RTS Link to be announced next month?

Iskandar MRT

JOHOR BARU: Malaysia and Singapore have a year starting from next month to make their decision on the Malaysia-Singapore Rapid Transit System (RTS) link project. Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said the feasibility study on the project would be completed by the end of this month. He said phase one of the joint-engineering study ... Read More »

Iskandar home prices blow up on Singapore interest

Johor Bahru

KUALA LUMPUR, Aug 12 — Roaring development in Iskandar Malaysia is creating a flood of Singapore buyers who are driving up Iskandar home prices there by as much as RM500,000 over bank valuations. In recent months, the Johor development corridor has seen the announcement of several high-profile projects including CapitaLand and Temasek Holdings’ planned RM8.3 billion Danga Bay, Singapore billionaire ... Read More »

Johor Sultan backs Country Garden’s Danga Bay project

Country Garden Danga Bay

JOHOR BARU: Johor Ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar believes that the mega Country Garden Danga Bay property project will be a success. The Sultan assured investors that the project would receive fruitful returns. “Based on my own observation, I am sure that with the expertise and ability of the company’s employees, the project will be implemented well,” he ... Read More »

Residents cheer Kemayan City revival

paradigm mall

HOPE FOR PROJECT: Development had been abandoned for more than 10 years Kemayan City, located in Skudai along Jalan SKudai, It has been abandoned since 1997 during the financial crisis. WCT had bought over last year and plan to revive it in a theme similar to its successful flagship Paradigm Mall in Kelana Jaya. JOHOR BARU: RESIDENTS staying near abandoned projects ... Read More »

Formula One Joins Legoland in Plan to Remake Malaysia’s South

horizon Hill

Malaysia is creating attractions, like the Horizon Hills Golf Club, in the economic development zone to lure Singaporeans to the southern tip of the country. Robert Pick, the former deputy head of the U.K.’s Marlborough College, recalls the day in 2009 when he stood atop a hill at the southern tip of nd scanned an endless sea of green palm ... Read More »