Nusajaya, Johor, 5 February 2013 – Singapore-based Link (THM) Group is investing in Medini Media Village which consists of a mega residential and commercial project with an expected gross development value of RM2.5 billion (S$1 billion). Mr Kenny Tan, the founder and group executive revealed that the firm is working on the mixed development project in Iskandar Malaysia with total gross floor area of 2.7 million sq ft. Link (THM) Group has a diversified portfolio in property development and in retail and distribution of top sporting brands in Singapore. The investment in Medini is done thru Link (THM) Ultimate Homes Pte Ltd.
Medini Media Village is located next to Pinewood Iskandar Malaysia Studios (PIMS). PIMS is an integrated media production studio facility that is being developed following a strategic agreement with the Government of Malaysia’s investment holding arm Khazanah Nasional Berhad. Construction of PIMS began in February 2011 and is expected to be completed in May 2013.
Link (THM) Group is the latest company from Singapore announced their commitment to invest in Iskandar.
In December 2012, a partnership between Singaporean billionaire Peter Lim’s FASTrack Autosports Pte Ltd and Malaysia’s UEM Land Berhad was inked to build a RM3.5 billion Motorsports City in Johor’s Iskandar region. A special purpose company Crimson Carnival Sdn Bhd is set up for this JV with 70% own by FASTrack Autosports and 30% by UEM Land. Located at Gerbang Nusajaya and spreading over 270 acres of land, this Motorsports City is an integrated multi-purpose hub that houses a 4.5 km Grade 2 GT double loop circuit, a 1.2 km kart circuit and off-road circuit for drag racing, karting, motorcycling, truck racing and off-road expeditions.
Ascendas Land International Pte Ltd has entered into a joint venture agreement with UEM Land Berhad in October 2012 to develop an integrated eco-friendly tech park in Nusajaya. Ascendas and UEM Land will hold 60% and 40% stakes in the joint venture respectively. With a projected investment value of S$1.5 billion (RM3.7 billion), the integrated tech park is located at Gerbang Nusajaya within the Nusajaya regional city in Iskandar Malaysia.
Singapore Prime Minister Lee Hsien Loong is visiting Iskandar Malaysia on Feb 18. PM Lee is expected to be in Iskandar Malaysia to officiate the development of the Wellness Township project, one of the iconic projects to be jointly developed by Khazanah Nasional and Temasek Holdings. Prime Minister’s Department will make an official announcement on this visit which is the first by a high-ranking official from Singapore. Both Malaysia Prime Minister Najib Razak and Singapore Prime Minister Lee Hsien Loong are expected to discuss issues on High Speed Rail (HSR) linking Kuala Lumpur and Singapore as well as ferry services between Puteri Harbour and Harbour Front Centre. A new Customs, Immigration, Quarantine and Port Clearance (CIQP) Complex and Ferry Terminal in Puteri Harbour will be operational by end of first quarter 2013. 3 ferry routes have been secured, i.e. Tanjung Balai Karimun, Harborbay Batam and Harbourfront Singapore.
Source – Iskandar Web Portal
Food for thought: Much have been said about the great potential of investing in Iskandar and Malaysia at large. Many people just wait for things to happen before they believe. It may be too late by then. Which one are you? Awesome!