CUT AND KEEP
FEB 28, 2014
>Bullish real estate stirringup the national economy
IskandarMalaysia
I
skandarMalaysia
(IM) was primarily
conceived to increase
gross national income.
The target set for cumulative
committed investments
between 2006 and 2025, under
the IMplan, was RM383 billion.
According to the Iskandar
Regional Development
Authority (IRDA), 34.37%of
the aspired figure has already
been accrued, with 11 years
still at hand to achieve the
intended target. Of these
cumulative committed
investments, 64% comprise
domestic investments and
36% from foreign investors.
IM in a nutshell
The IRDA are nowworking
Please email your
feedback and queries to:
DIDYOUKNOW?
The most important agenda for
IRDA is to ensure that the economic
growth in IM is sustainable. This is
not limited to just a steady flow of
new investments into the economic
region, but more importantly, the
development of an ecosystem that
allows businesses to grow and
prosper, communities to participate
in and benefit from the progress,
yet without causing damage to the
natural environment.
“Our emphasis is on adopting a
green lifestyle in all relevant
initiatives of IM. This is evident with
the conceptualisation of the
Iskandar Malaysia Smart City
Framework, developed and
launched in November 2012,
during COP18 held in Doha, Qatar
in 2012. To ensure communities in
Iskandar Malaysia have equal
opportunities to participate in the
development, IRDA launched
socio-economic enhancement
initiatives, such as the ‘Friends of
Iskandar Malaysia’ programme that
helps villagers in 14 mukims in
the economic corridor embark on
new self-sustaining business
ventures in line with the promoted
sectors, for example, eco-tourism
and agro-tourism.”
–
IRDA chief executive
Datuk Ismail Ibrahim
Thenext big thing,
if not already
The Meridin (phase 2) by
Mah Sing Group Berhad.
PART 2
“Iskandar Malaysia
is envisioned as a
balanced and
sustainable
development with
a dynamism that
will be a new
benchmark in the
future. It is a key
growth area and
will continue to
play an important
role inmoving the
nation forward”
– Datuk Seri Najib Tun Razak
Like an extensive buffet spread, the property development market within IMoffers a wide selection of
premiumoptions. From luxurious waterfront residential developments to high-rise sophisticated
condominiums, complete with life’s finer embellishments. There are also spacious landed properties in
gated and guarded, self-contained and desirable townships, plus modern-day functional living spaces
that suit today’s SoHo (small office/home office), SoFo (small office/flexible office) and SoVo (small
office/virtual office) lifestyles. We include here, some basic information on the wide range of property
types and living space options recently launched by a fewprominent developers.
Tropicana
Corporation Berhad
A) Tropicana Danga Bay
–
amixed development across 37
acres offering freehold lifestyle
and commercial space for office
towers, a retail mall, luxurious
residential properties and SoVo
(Tropez and Bora Residences).
This project is a joint-venture
between Tropicana Corporation
Berhad (60%) and Iskandar
Waterfront Holdings (40%).
B) Tropicana Danga Cove
– a
mixed integrated development
spread out upon 227 acres
offering a blend of freehold
lifestyle and commercial
properties that include office
towers (Oasis 1 and 2), retail
space, a convention centre and
residential accommodations.
Phase 2 of this project will
feature four distinct districts.
Riverfront district will offer
urban, waterfront and park
living spaces along with a
landmark tower; the
Business district will
include a shopping
mall, convention
centre, a central plaza
and serviced
apartments; the
Market district is
designed to include a
farmers’ market and
market square, mid-
rise apartments, street
walkways, a green
corridor and shop
houses; and the
Garden district will
offer a garden hill
community township, living in-the-
park concept condos and a terraced
rain garden.
C) Tropicana City Centre
–
amixed integrated development
project spanning 22 acres, offering
a blend of freehold retail, office
tower, residential properties, SoHo
and hotel. Currently, Veridian
Residences have been launched,
offering 1,808 condominiumunits of
various sizes and designs, across
four towers.
IJM Land Berhad
A) Nusa Duta
– a luxurious
development offering freehold
high-end urban residences in the
serene confines of the prestigious
Nusajaya surrounds. This project
spans across 128 acres of prime land
combining nature with the joys of
modern living. Here, youwill find
exclusive choices to own a dream
home in a guarded and gated
community that celebrates the
virtues of a private way of life.
B) The Epic
– surpassing the
ordinary and designed for the
connoisseur who appreciates the
finer things in life. There are little
touches of indulgence in this
carefully thought-out apartment
set-up of one, three and five+one-
bedroomunit types, complete with
clubhouse facilities.
C) SuriaMas Suite
– an exquisite
development of prestigious spaces
to call home, built on 4.66 acres of
land on the outer fringes of nature
and the city centre. There are four
apartment designs to choose from,
eachwith interesting panoramic
views, landscaped courtyards and
breathtaking footpaths, ingeniously
designed to capture nature and
one’s heart.
Mah SingGroup
Berhad
A) TheMeridin
@
Medini
–
touted as the “next big thing in IM”.
The silhouette of this tall and
stately structure is captivating.
The project offers four different
suite designs of one, two and three-
bedrooms. TheMeridinWalk
features podium retail spaces of
between 1,000 and 1,500 sf while
Meridin Linx provides for SoVo
(small office/versatile office)
lifestyles.
B) Sierra Perdana
– for those with
a penchant for healthy outdoor
living, extensive landscapes evoke
an adventure-park theme.
Dedicated parks and lush grounds
with a safari-inspired entrance are
just some of the highlights of this
“green” development. Residences
here come as three-bedroom
serviced apartments with club
house facilities. Commercial
property investments are aplenty
with some shop-office types already
sold out.
C) i-Parc
@
Tanjung Pelepas
–
revolutionising the industrial
landscape in Johor with its premium
corporate factory series across 210
acres, this unique freehold
Nusa Duta bungalow (type B) by IJM Land.
Real estate offerings
development takes the image of
modern factories to the next level.
Iconic features include accessibility
tomajor highways and catchment
of skilledworkforce; modern
designs that project a strong
business impression; showroom
for product display; 4-in-1
centralised function; and functional
layout wheremanagement and
operations are within amore
effective communication range.
Tropicana Danga
Bay’s waterfront
intergrated
development.
on the second phase of the
Comprehensive Development Plan
(CDP). “The key for IMnow, in line
with the CDP objective, is to ensure
further growth and progress, so as
to fulfill the IMvision – ‘to become
a strong and sustainable metropolis
of international standing’,” says
IRDA chief executive Datuk Ismail
Ibrahim. While moving forward to
seek both domestic and foreign
investments to ensure catalytic
projects are successfully delivered,
IRDA continues to ensure that the
infrastructure within IM is top-
notch, and education and healthcare
provisions in the city are of high
quality and accessible.
There are
nine economic
sectors
that are piloted and
promotedwithin IM to increase
national income. These are food
and agro processing; financial
advisory and consulting;
petrochemical and oleochemical;
education; healthcare; logistics;
electrical and electronics; tourism;
and creative industries. These have
increased economic activity,
created jobs, precipitated a dire
need for employees and talent, and
consequently fuelled the demand
for property and real estate.
Shenzen of the south
With economy enhanced and an
urgent need for skilled workers,
IRDA developed programmes such
as the Iskandar Malaysia Creative
Industry Talent Development
Programme; Finishing School for
Hospitality and Tourism, and Oil
and Gas Sectors; National Talent
Enhancement Programme (NTEP);
Career, Business and Skills
Carnival (KEPAK); and a Talent
Outreach Programme – to fulfil
the demand. Places like Legoland
and Hello Kitty theme parks
(with more theme parks to come),
Pinewood Iskandar Malaysia
Studios, high-end and smart-
designed residential development
projects, hospitals, schools,
universities, hotels, factories and
manufacturing plants sprouted,
along with a thriving residential,
commercial and industrial property
construction scene. IMhas earned
itself recognition as a force to be
reckoned with. It has propelled
the national transformation
agenda in building a high-income
society with a strong economy
while improving the quality of life
inMalaysia.
Bora Residence by Tropicana
Corporation Berhad.
