2012-01-11

Real Estate Related News - Johor

Puteri Harbour is a mixed hotel, retail and entertainment complex along the Johor coastline. The 275.2ha development combines entertainment and culture with the experience of waterfront living and dining in a natural setting.


Family Entertainment Centre

The Family Entertainment Centre (FEC, at Puteri Harbour, Johor) is a four-storey indoor theme park which will be home to the first Hello Kitty Town in southern Asia, is 80 per cent complete.

Besides Hello Kitty Town, FEC will house popular global children’s characters under The Little Big Club, showcasing Thomas and Friends, Barney the Friendly Dinosaur, Bob the Builder, Pingu the Penguin and Angelina Ballerina.

Besides the Hello Kitty character as well as My Melody and Little Twin Stars, Hello Kitty Town offers Hello Kitty merchandises, stage shows, songs and dance as well as the Hello Kitty Tea Party.

It will introduce a unique Malaysian touch with the opening of LAT’s World, conceptualised by popular local cartoonist Lat, and featuring elements of his well-loved cartoon character, Kampung Boy.

The restaurant there will feature authentic Malay cuisine in a “kampung” setting.

Work on Family Entertainment Centre in Johor progressing well
http://www.btimes.com.my/articles/20111228005919/Article/

Nusajaya

UEM Land Holdings Bhd, the country's biggest property developer by market value, aims for record sales of RM3 billion this year, after exceeding its own sales forecast of RM2 billion last year.

The aggressive target will continue to be driven by demand in the Klang Valley, where the group plans to offer new residential and commercial units in Mont' Kiara, Kuala Lumpur and at townships in Bangi and Kajang. The company is also looking down south to propel its sales to new heights.

Since 2006, UEM Land has handed over 3,500 homes in Nusajaya, most of which were sold in recent years. "We have very low stocks of unsold units," its managing director and CEO Datuk Wan Abdullah Wan Ibrahim said.

However, analysts have voiced concerns that property prices in Johor could have "overshot" due to short-term hype over the past two years.

Developers like UEM Land are banking on Johor's close proximity to Singapore and recent tightening of the property market there to lure new buyers for homes in Nusajaya.

There is also growing concern that property demand may cool this year, due to economic uncertainties at home and abroad.

UEM Land targets record RM3b sales in 2012
http://www.thesundaily.my/news/262951

Ties with Singapore on best footing

Singapore is naturally the biggest investor in Iskandar Malaysia, the largest of our development corridors. Hsien Loong said it is very much in Singapore's interests that Iskandar Malaysia prospers and succeeds.

He praised the corridor, formed six years ago, saying it had done well in attracting investments with its broad base of talent, facility and interest which was self-sustaining and able to hold its own in a highly competitive world.

Azman Ujang
http://www.thesundaily.my/news/261705