High demand for industrial properties in Iskandar

Posted on | November 2, 2011



By THE STAR

JOHOR BARU: Property developers in Iskandar Malaysia have been urged to venture into industrial park projects due to a surge in demand for industrial properties here.

Johor executive councillor for international trade and industry Tan Kok Hong said it was timely for developers to focus on this segment apart from the residential properties area. “Johor is still strong in the manufacturing sector and it remains one of the top three destinations for foreign direct investments (FDIs) in the country,’’ he said.

Tan said this at the signing ceremony between Telekom Malaysia Bhd and UMLand Bhd’s subsidiary Dynasty View Sdn Bhd for the deployment and provision of TM’s high speed broadband (HSBB) network infrastructure and services.

Meanwhile, Newcastle University MedicineMalaysia was officially launched in EduCity Iskandar Malaysia yesterday. The 13.5-acre project is Newcastle University’s first overseas venture and is the only British Medical School recognised by the General Medical Council outside of the UK. The RM90mil campus marks the successful completion of Iskandar Investment Bhd’s first development project on the back of completed infrastructure works earlier in the year.

- Malaysia Property News


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