"Control" Release
Controlled release’ of land in Iskandar timely MAINTAIN: Slow release timely to maintain value for investors News that Iskandar Investment Bhd (IIB) will put off further land sales in Iskandar Malaysia for the time being hardly caused a stir in the market judging by the lack of follow-up response. Following the signing of two property deals with private developers worth a combined RM4.6 billion in gross development value (GDV), IIB president and chief executive officer (CEO) Datuk Syed Mohamed Ibrahim has reportedly said they will not be selling at the moment. Calling this strategy a “controlled release”, the CEO said they needed to maintain a limited number of developments there in order for their “investors to make money”. At the same time, Syed Mohamed said Iskandar is still a “relatively small and fragile” region. Commenting on the sale moratorium, Wee Soon Chit, Executive Director of Landserve (Johor) Sdn Bhd, said that as far as he knows, IIB has always been very selective on wh