Korean investment firm GG56 Korea Ltd has committed a significant investment of US$1 billion (RM4.37 billion) in Forest City, Johor Bahru, to establish Malaysia's first Korean Culture (K-Culture) Town. The announcement was made by the master developer of Forest City, Country Garden Pacificview Sdn Bhd (CGPV), following the signing of a memorandum of agreement (MoA) between the two companies. A Landmark...
The construction of the Rapid Transit System (RTS) Link, which will connect Johor Bahru and Singapore, has reached 83% completion as of July this year, according to Transport Minister Anthony Loke. The project remains on schedule, with operations expected to commence on January 1, 2027. Progress and Upcoming Milestones Transport Minister Anthony Loke confirmed that the construction of the RTS Link is...
AME Elite Consortium Bhd Sells Four Industrial Properties to AME REIT for RM119.5 Million AME Elite Consortium Bhd (KL) is strategically realigning its property investments by selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust (KL) for a total of RM119.5 million. This marks AME REITโs second acquisition from AME Elite within a span of 10 months....
The highly anticipated Johor-Singapore Special Economic Zone (SEZ) agreement is expected to be finalized by the end of this year, despite facing significant challenges in the negotiation process. This SEZ, which promises to attract new investments, boost trade, and create jobs, is a key project for both Malaysia and Singapore. However, sources familiar with the matter have revealed that ironing out the...
Singaporeans' Demand for Johor Real Estate Surges Despite Ringgit Strengthening Singaporeans' interest in Johor's real estate market remains strong, undeterred by the recent strengthening of the ringgit. This sustained demand is fueled by several factors, including economic developments and infrastructural improvements, particularly the upcoming Johor Baru-Singapore Rapid Transit System (RTS)...
Forest City's Pulau Satu to Thrive with Duty-Free Island Status, Boosting Tourism and Property Demand Forest City, located in Johor, is set to experience a surge in tourism and property demand with Pulau Satu's official designation as a duty-free island. This move is expected to have a significant positive impact on the local economy, according to industry experts. Economic Impact of Duty-Free...
IJM Corp Secures RM331.7 Million Contract for Data Centre in Johor IJM Corp Bhd (KL) has successfully secured a significant contract valued at RM331.7 million to design and build a data centre for a subsidiary of Telekom Malaysia Bhd (KL) in Iskandar Puteri, Johor. This project, known as Block 2 of the Iskandar Puteri Data Centre, marks a strategic milestone for IJM Corp and highlights its growing...
Forest City: Malaysia's $100 Billion Ghost Town Becomes Reality Show Backdrop Malaysia's ambitious $100 billion mega-development, Forest City, was once envisioned as a luxurious haven for 700,000 residents. Today, it stands as a modern ghost town, with developers shifting their focus from creating a bustling community to turning it into a set for reality shows and documentaries. The Vision and the...
Sunway Property has achieved an impressive 95% take-up rate for the third phase of Sunway Aviana in Johor within just a month of its launch. This milestone highlights the growing demand for this exceptional residential project, which is part of the integrated Sunway City Iskandar Puteri. Success of Previous Phases The first two phases of Sunway Aviana, comprising 259 units launched in the fourth...
RTS Link Project Costs Rise by 29.9% to RM5.24 Billion: Auditor-Generalโs Report The estimated cost of the Rapid Transit System Link (RTS Link) infrastructure project has surged by 29.9%, reaching RM5.24 billion as of December 31, 2023. This increase, up from the original estimate of RM4.03 billion in January 2018, highlights several key factors driving the escalation in expenses. Reasons for Cost...
Compare listings
Compare