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Iskandar News

ISKANDAR – A Livable Metropolis In The Making (Video from Channel NewsAsia)

iskandar_channelnewsasia

Iskandar (Malaysia) is striving to be a strong and sustainable metropolis, whose future is inextricably linked with Singapore. Summary of the Video: 1) Iskandar targets to achieve Rm100 billion committed cumulative investment by 2013. (To date, this target has been achieved and exceeded. Investment stands at RM118 billion as of 30 Jun 2013) 2) Robert B Pick (Master of Marlborough ... Read More »

Real Property Gain Tax (RPGT) May Increase to Stabilize Property Market

Real-Property-Gain-Tax

Minister of housing and local government, Datuk Abdul Rahman Dahlan pointed out that the index provided by National Industry Information Center (NAPIC) has shown that the housing prices are still not stabilized, although the Government has implemented Real Property Gain Tax (RPGT) to reduce the property market speculation. He revealed that domestic house prices, especially in the big cities and states are being ... Read More »

Malaysia expects high-speed rail to pass through Nusajaya

hsr iskandar

The proposed high-speed rail linking Kuala Lumpur to Singapore will not be built along the existing North-South highway in peninsula Malaysia, said the head of the country’s Land Public Transport Commission, Syed Hamid Albar. MALAYSIA: The proposed high-speed rail linking Kuala Lumpur to Singapore will not be built along the existing North-South highway in peninsula Malaysia, said the head of ... Read More »

Masteel surprised by news of Iskandar rail

Iskandar MRT

  Malaysia Steel Works (KL) (Masteel) is apparently caught by surprise by a news report today which quoted unnamed sources saying that its proposed intra-city rail line project in Iskandar Malaysia, worth RM1 billion, is set to be scrapped. When contacted by KiniBiz, Masteel managing director and chief executive officer Tai Hean Leng said that the company is checking with ... Read More »

No immediate bubble risk for Malaysia’s property sector

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By EUGENE MAHALINGAM PETALING JAYA: The Malaysian property sector is not in any immediate risk of experiencing a bubble, according to property consultant CBRE Malaysia executive chairman Chris Boyd. He said despite rising residential property prices, houses in Malaysia were still among the cheapest in the region. “Residential property prices increased at a constant pace in Malaysia until 2009, but ... Read More »

Malaysia Steel Works to scrap proposed Iskandar rail project

Iskandar-Malaysia-Rail-Network

Iskandar intra-city rail line plan scrapped KUALA LUMPUR: The RM1.23 billion intra-city rail line for Iskandar Malaysia in Johor, as proposed by a private party, will be scrapped, said people with first hand knowledge on the matter. This is because the government wants to focus on the high-speed rail system linking Kuala Lumpur and Singapore, which will likely have a stop ... Read More »

Khazanah sees new Iskandar deals in October

Iskandar_Malaysia_-_Frost__Sullivan

Khazanah Nasional Bhd’s unit i2M Ventures Sdn Bhd is expected to announce new investment deals in Iskandar Malaysia in October. According to i2M managing director Zulfiqar Zainuddin, the company aims to secure four to five more investment deals to position the area as a major potential hub for the region’s outsourcing market. “Now we are in the midst of finalising ... Read More »

S’pore squeezing out M’sians in Iskandar

iskandar

By Arno Maierbrugger SINGAPORE: Singapore real estate buyers, driven by rising prices in the island republic, are increasingly looking into property in Iskandar, the main southern development corridor in Johor. Real estate agents say that prices have already reached highs at as much as RM500,000 over bank valuations. Buyers are speculating on further appreciations after the planned intercity rail link ... Read More »

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 »