Saturday, August 29, 2009

Iskandar: Upcoming projects

MOST of these projects are located within Nusajaya township which is close to the Second Link near Tuas.

EduCity: The Newcastle University medical school campus will open in 2011, with an investment of RM100 million (S$41 million). Construction has started.

Talks are also on with a British engineering school, an Australian hospitality institute, a Dutch maritime school and a Singapore institution to open campuses.

Legoland: The theme park is being built within a development called Medini and is expected to be ready by 2012. Earthworks start at the end of this year. It is an 80:20 joint venture between Malaysia and the UK-based Merlin Entertainments.

Surrounding Legoland will be one million sq ft of retail outlets, two hotels and offices.

The rest of Medini will be built in stages. Plans are for 180 million sqft in built-up space, 20 per cent of which is targeted for completion by 2015. The 30:70 joint venture is between Malaysia and its Middle Eastern partners.

Kota Iskandar: The Johor state government’s administrative centre comprises an imposing set of buildings. The state legislative assembly, offices of the menteri besar and state secretary, and three blocks of state offices are already occupied by 2,200 staff members. A state mosque and federal government offices will open by 2012.

Puteri Harbour: The public marina is open and yachts have already berthed there. A private marina will be ready by the end of the year. It boasts an Australian-designed clubhouse.

Another Malaysian company, UM Land, is in talks to build on a waterfront site by 2012.

Residential developments: The upscale East Ledang houses and Nusa Idaman medium-cost housing.

Its developer, UEM Land, says 67 per cent of the houses in East Ledang and 9 per cent of Nusa Idaman have been sold to foreigners. Around half of the foreign buyers are Singaporeans.

Horizon Hills golf course and residences: About 60 per cent of Horizon Hills golf resort’s residences have been sold to foreigners, of whom 40 per cent to 60 per cent are Singaporeans. The golf course, which opened a year ago, is popular with Singaporeans. It has a clubhouse designed by a Brazilian architect.

Columbia Asia hospital: An 80-bed facility slated to open in the first quarter of next year. Columbia Asia, an international health-care provider, bought the land for RM4.8 million. It is building and will operate the hospital.

Southern Industrial and Logistics Cluster: A ‘clean’ industrial zone. Investors from Singapore include Jurong Hi-Tech Industries, Yongnam Engineering, SLS Holdings and Stinis Singapore.

Other upcoming projects

~ Rejuvenation of Johor Baru: The government plans to refurbish the old shophouses and historic neighbourhoods.
~ Acerinox steel mill: RM5 billion investment, a joint venture between Spain and Japan.
~ Runway extension of Senai airport and new Aeromall: Both projects are under construction.
~ Asian Petroleum Hub: Investment of RM1.4 billion, to be ready in 2011. Earthworks have started.

Source: Straits Times, 29 Aug 2009

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