All about Johor Iskandar - Investment New Era

Johor Iskandar - The next investment era 

Overview:


Nusajaya, a key component of Iskandar Malaysia with 24,000 acres of contiguous development-ready land, is one of the largest property development in South East Asia. Flagship B will be a major new growth centre of Iskandar Malaysia where most of the catalyst projects will be developed within the area. The projected population size for this area by 2025 is 500,000.


Current key economic activities in Flagship B are focused on mixed property development, state & federal administration and logistics. Going forward, Flagship B would be the hub for creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing. Hence, Flagship B offers a wide range of investment opportunities for investors to participate in the development of Iskandar Malaysia, either by embarking in joint-venture developments or acquiring parcels of prime development land in Nusajaya.


Key players in Nusajaya are property developers including UEM Land, Iskandar Investment Berhad and Mulpha International Bhd, SP Setia, to name a few. In August 2007, the Middle Eastern Consortium (Mubadala, Kuwait Finance House and Millennium Development) and Iskandar Investment Berhad had signed a MOU to develop a RM4.2 billion (US$1.2 billion) integrated international city development, referred to as Medini (formerly known as Node 1).


Most land banks in Flagship B are Residential (freehold and leasehold) and Industrial types (freehold or 20+40-year leasehold)


Location:


Nusajaya is located west of Johor Bahru, in close proximity to Port of Tanjung Pelepas and Gelang Patah. It is also strategically located within a 45-minute drive from Singapore's Changi International Airport, a regional aviation hub, and 20 minutes from Johor's Senai International Airport. The regional city combines residential, commercial and industrial elements.


Key Functions / Activities:


Nusajaya comprises seven signature developments: Kota Iskandar (Johor state new administrative centre), the Southern Industrial and Logistics Clusters (SiLC), Puteri Harbour Waterfront Development, EduCity, Afiat Healthpark, International Destination Resort and Nusajaya Residences, all within a city that sets the benchmark for integrated developments across the globe.


Historical Background:


Nusajaya's planning was seeded in the mid 1990s when the Malaysia-Singapore Second Link was in the planning process. However, the regional financial crisis in 1997 took its toll and set the development back by several years. In 2003, there was a restructuring of land use. A revised Master Plan, approved by the Johor State Government, formulated a framework that included several catalyst developments that were deemed necessary to kick-start Nusajaya's growth.


Connectivity to Singapore:


Flagship B is conveniently accessible from the Linkedua Highway via the Pulai Interchange, as well as via the B5 Road from the Gelang Patah Interchange. It is only a 15-minute drive from Nusajaya to the Linkedua Highway.


Key Landmarks:

Afiat Healthpark

Educity @ Iskandar

Kota Iskandar

Nusajaya Residence

Puteri Harbour

Malaysia Business Incentive Hub - Johor Iskandar

Malaysia Next Business Incentive Waiver Hub - Johor Iskandar

***Image from www.iskandarmalaysia.com.my***

Overview:

The city of Johor Bahru is Malaysia's 'Southern Gateway', receiving 60% of foreign tourists who visit Malaysia. It is a major holiday and shopping destination for neighbouring Singaporeans due to the comparatively lower cost of goods and services.

The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, plastic manufacturing, electrical and electronics (E&E) and food processing.

As of February 2008, land prices in Flagship A range from RM30 to RM150 (US$9 - US$45) per sq ft for residential use, and RM70 to RM280 (US$20 - US$45) per sq ft for commercial use.

In the future, a multi-modal terminal will be developed in Flagship A, as well as an MRT/LRT system connecting Johor Bahru City Centre to other areas in Iskandar Malaysia.

Location:

Johor Bahru is located within the central region of Iskandar Malaysia. It is bound by Senai to the north, Nusajaya to the west, Singapore to the south, and Pasir Gudang to the east.

Key players:

Key players in Flagship A include global financial institutions - Citigroup, HSBC and Kuwait Finance House, major manufacturers - YKK, Celestica, Lion Group, Sumitomo and Kerry’s Ingredients as well as local developers - Danga Bay Holdings, Pelangi, Mah Sing and Crescendo.

Populations:

One of Southeast Asia's most populous urban areas, Johor Bahru is an important industrial, tourist and commercial hub for Southern Peninsular Malaysia. With a population slightly above 1 million in the city, the population growth rate is among the highest in Malaysia.

Connectivity:

There are two major highways linking the city centre to the suburbs, with the Tebrau Highway linking the city to the north-east and the Tun Abdul Razak (TAR) Highway/Senai-Skudai Highway linking it to the north-west.

The Pasir Gudang Highway and the connecting Johor Bahru Parkway cross Tebrau Highway and TAR Highway about midway, serving as the Middle Ring Road of the metropolitan area.

The Causeway links the city to Singapore with a six-lane road and a railway line.

Additionally, three more highway s are being constructed which are the Coastal Highway (Danga Bay-Nusajaya), the Eastern Dispersal Link (JB CIQ-North/South highway) and East-West Link (Permas-Pasir Gudang).

Key Landmarks:

CIQ

Sultan Ibrahim Building

City Centre

Causeway Link

Danga Bay