The Johor state government is planning to present a working paper on the proposal to implement a Light Rail Transit (LRT) system in the state to the federal government after November 30. This significant move is part of the state's effort to enhance its transportation infrastructure and cater to the increasing needs of its residents. The decision was revealed by Mohamad Fazli Mohamad Salleh, the State...
Singapore-based property management company, Bespoke Habitat, has ventured into the Malaysian market with the launch of a 200-room co-living space near Mid Valley Southkey in Johor Bahru. As of November 1st, the co-living facility has already achieved an impressive 80% occupancy rate. The rooms are fully furnished, with monthly rates varying from RM800 to RM1,400 based on factors like room size, location,...
Budget 2024 brings exciting prospects for Johor's investment landscape, especially with plans to liberalize visas, including those for investors' employment passes in certain sectors. The relaxation of conditions under the Malaysia My Second Home (MM2H) program is set to bolster Johor's appeal to investors, not only from Singapore but also from various countries worldwide. Boosting Johor's Housing Sector:...
The retail market in Johor Bahru is poised for significant growth, driven by the upcoming Johor-Singapore Rapid Transit System (RTS) Link. The RTS Link is expected to transport approximately 10,000 passengers per hour in each direction, providing a substantial boost to the region's economy. Allan Soo RE Consultants principal, Allan Soo, shared these insights during the Johor Bahru Retail Market Conference...
During an informal bilateral discussion with Singapore's Prime Minister, Lee Hsien Loong, Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, raised the topic of the Johor-Singapore Special Economic Zone. Anwar was in Singapore for a one-day working visit, which included his participation in an invitation from the Milken Institute to provide insights on how Malaysia can attract foreign investment. Prime...
Concerns about China's largest property developer, Country Garden Holdings, facing financial challenges have sparked discussions about the potential impact on its international ventures. However, industry insiders suggest that the negative effects of the debt crisis could be primarily driven by fear and perceptions. Addressing these concerns, Country Garden has emphasized that its five property projects...
The Malaysian government has taken a significant step by designating the Forest City project as a special financial zone, aimed at stimulating economic growth in Iskandar Malaysia. Prime Minister Anwar Ibrahim highlighted various incentives, including multiple entry visas and a flat income tax rate of 15%, intended to attract knowledge workers and foster growth in sectors like healthcare, education, and...
Celebrating its seventh year in Malaysia, the Forest City project in Johor, once widely referred to as a "ghost town," marks an important step in the growth of sustainable and flourishing communities, according to Country Garden Pacificview Sdn Bhd (CGPV). CGPV, the master developer and real estate collaboration between Esplanade Danga 88 Sdn Bhd and Country Garden Holdings Co Ltd, is making steady...
Forest City, the ambitious mega mixed development project spanning four reclaimed islands in Johor waters, is making steady progress despite the challenges posed by the global real estate market amid the Covid-19 pandemic. Covering a vast area of 2,832.79 ha (7,000 acres) over four islands near Tanjung Pelepas Port, the development is committed to sustainable growth in the region. In a statement, Forest...