By ZAZALI MUSA
Published on 17th August 2011
http://thestar.com.my/
NUSAJAYA: New investments flowing into Iskandar Malaysia are unlikely to be affected by the debt crisis plaguing the United States and certain European Union countries.
Johor Mentri Besar Datuk Abdul Ghani Othman said in fact the Government was quite confident that Iskandar Malaysia would achieve its six per cent gross domestic growth (GDP) this year.
He said based on the investment flow patterns received by Iskandar Malaysia since its inception on Nov 4, 2006, the country’s first economic growth corridor was moving on a right direction.
“In the last two years, there seems to be a strong interest especially from domestic investors to invest in all economic activities within Iskandar Malaysia,’’ Abdul Ghani told a press conference recently.
He said up to the first-quarter of the year, Iskandar Malaysia has attracted RM3.76bil new investment, bringing the total committed investments to RM73.24bil since 2006.
Of the total 73.24bil, RM43.29bil or 59% are from local investors and RM29.95bil or 41% are from foreign investors, of which 41% of the total committed investments have been spent to date.
Abdul Ghani said this after witnessing a joint-venture agreement between Dijaya Corp Bhd and Iskandar Waterfront Sdn Bhd to jointly develop a 92ha freehold land in Plentong, on the eastern part of Johor Baru district.
The parties will undertake the mixed property project for the next eight years with a gross development value of RM2.8bil to be known as Tropicana Danga Cove.
Abdul Ghani is also the co-chairman of the Iskandar Regional Development Authority (Irda) together with Prime Minister Datuk Seri Najib Tun Razak.
“The next six to 12 months will see several of the on-going public and private-initiative projects taking shapes and operational as scheduled,’’ he said.
He said among the notable major projects include the Johor Premium Outlets in Kulaijaya to open this November and Asia’s first Legoland Theme Park here which would open its doors in September 2012.
Abdul Ghani said three foreign universities have decided to set up their faculties at the EduCity here - two were the engineering schools and one in the business management discipline.
He said the existing EduCity precinct in Nusajaya covering 121.40ha now would have to be extended in the near future to cater for demand from foreign universities who planned to open their branch campuses here.
Showing posts with label Dijaya. Show all posts
Showing posts with label Dijaya. Show all posts
Wednesday, August 17, 2011
Tuesday, August 16, 2011
Dijaya buys 92ha in Johor for mixed development
http://www.btimes.com.my
By Ahmad Fairuz Othman
Published on 16th August 2011
NUSAJAYA: Dijaya Corp Bhd yesterday bought 92ha of land in Plentong, Johor Baru, for RM220 million, which it intends to use for a mixed development township with an estimated gross development value (GDV) of RM2.8 billion.
"The landed properties will have prospects for strong price appreciation in the future," said Dijaya's group chief executive officer Tan Sri Danny Tan Chee Sing.
He also said that Dijaya, which is known for its flagship Tropicana Golf and Country Resort, Tropicana Indah Resort Home and Tropicana City in the Klang Valley, is on the lookout for new investment opportunities.
The deal yesterday was Dijaya's second major land purchase in Johor within a year.
Last August, the property developer bought a 15ha plot fronting the straits of Johor for its Tropicana City @ Danga Bay project.
On Tropicana City @ Danga Bay, Tan said the soon-to-be launched project has a GDV of RM3.8 billion. It will comprise office and commercial blocks, as well as hotel, shopping and world-class lifestyle properties.
With the two land purchases, Dijaya has to date invested RM528 million in land banking at Iskandar Malaysia.
"We are on an expansion strategy in the southern region ... We will continue to bring our brand value to a wide spectrum of emerging markets and potential customers," said Tan.
The 92ha freehold land was acquired by Magical Heights Sdn Bhd, a joint venture between Dijaya's wholly-owned subsidiary Accroway Sdn Bhd and Iskandar Waterfront Sdn Bhd (IWSB), from Trident World Sdn Bhd.
The Johor state government thus has an interest in the transaction as Kumpulan Prasarana Rakyat Johor owns a substantial stake in IWSB.
Menteri Besar Datuk Abdul Ghani Othman, who witnessed the signing of the joint-venture agreement yesterday, said the deal would bring in more development to the outskirts of Johor Baru.
By Ahmad Fairuz Othman
Published on 16th August 2011
NUSAJAYA: Dijaya Corp Bhd yesterday bought 92ha of land in Plentong, Johor Baru, for RM220 million, which it intends to use for a mixed development township with an estimated gross development value (GDV) of RM2.8 billion.
"The landed properties will have prospects for strong price appreciation in the future," said Dijaya's group chief executive officer Tan Sri Danny Tan Chee Sing.
He also said that Dijaya, which is known for its flagship Tropicana Golf and Country Resort, Tropicana Indah Resort Home and Tropicana City in the Klang Valley, is on the lookout for new investment opportunities.
The deal yesterday was Dijaya's second major land purchase in Johor within a year.
Last August, the property developer bought a 15ha plot fronting the straits of Johor for its Tropicana City @ Danga Bay project.
On Tropicana City @ Danga Bay, Tan said the soon-to-be launched project has a GDV of RM3.8 billion. It will comprise office and commercial blocks, as well as hotel, shopping and world-class lifestyle properties.
With the two land purchases, Dijaya has to date invested RM528 million in land banking at Iskandar Malaysia.
"We are on an expansion strategy in the southern region ... We will continue to bring our brand value to a wide spectrum of emerging markets and potential customers," said Tan.
The 92ha freehold land was acquired by Magical Heights Sdn Bhd, a joint venture between Dijaya's wholly-owned subsidiary Accroway Sdn Bhd and Iskandar Waterfront Sdn Bhd (IWSB), from Trident World Sdn Bhd.
The Johor state government thus has an interest in the transaction as Kumpulan Prasarana Rakyat Johor owns a substantial stake in IWSB.
Menteri Besar Datuk Abdul Ghani Othman, who witnessed the signing of the joint-venture agreement yesterday, said the deal would bring in more development to the outskirts of Johor Baru.
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