Property Specialist in Johor Bahru, Johor, Malaysia

Specialist in Johor Bahru

Malaysia Given Iskandar Malaysia's status as one of the country's top investment destinations, Irda expects an increase in demand for industrial properties developed here. WCT paid RM 180 million for a commercial plot in Johor Bahru – a sale that will furnish a one-time profit of RM 55 million to the Malaysia Building Society Bhd. With the current global economic uncertainties, defensive stocks such as real estate investment trusts (REITs) will remain in high demand among investors in Malaysia.

August 30, 2012 After receiving the go ahead, Permodalan Nasional Bhd (PNB) is gearing up to commence development of the RM 5 billion Warisan Merdeka project, which will include a 100-storey tower. The Kuala Lumpur City Hall (DBKL) has given the nod of approval for a residential-cum-commercial project that will result in the construction of Malaysia's tallest tower. The Warisan Merdeka project, with an estimated cost of RM 5 billion, will be undertaken by PNB, which announced it had received the development order for the 100-storey Menera Warisan Merdeka - the property's most iconic component that will boost Kuala Lumpur's status as a world-class skyscraper city. Tan Sri Hamad Kama Piah Che Othman, president and ceo of PNB said that the development order comes with several conditions, including legal ones. "We are studying the terms in order to fulfil them. We must ensure proper planning because the development order is approved with conditions," he said.

August 23, 2012 With the current global economic uncertainties, defensive stocks such as real estate investment trusts (REITs) will remain in high demand among investors. Due to their defensive nature, REITs will remain in high demand in the short-term as investors seek to avoid the negative implications of the current economic uncertainties. As such, the impending listing of IGB REIT by IGB Corp Bhd in mid-September is expected to be greeted with a favourable response. "REITs are in favour now as they are considered a safe haven investment. In the next three months, because of all the uncertainties in Europe, the United States and China, people will still go into it," said the head of research of a local bank-backed research house. The unnamed source added that the demand for REITs would reverse once the market recovers, with more investors venturing once again into riskier assets. "When conditions improve, affordability improves as well. So instead of investing

Turning Nusajaya into a Smart City Collaboration essential in forming sustainable smart cities: Cisco By AvantiKumar Published on 2nd Sep 2011 http://www.cio-asia.com/ The use of ICT in forming smart cities and communities must be balanced with better collaboration between governments, according to discussion of a recent IDC report by networking solutions giant Cisco. Speaking during a regional TelePresence (Cisco TP) media conference on 16 August 2011, IDC associate vice president, Asia Pacific, Philip Carter, said the June 2011 report - 'Delivering Next-generation Citizen Services' - showed that cooperation between city governments was essential for successful and sustainable programmes . "The study assesses the environmental, social and economic impact of Intelligent X (an IDC term for using smart technology in smart city planning) on future communities," said Carter. "Governments are moving away from asking the 'why' and 'how