Iskandar Capital announces mega project of 3,000 acres in Iskandar Puteri

PETALING JAYA (Feb 11): Iskandar Capital Sdn Bhd announced a mixed-income housing (MIH) project that will be developed in Wawari, a 3,000-acre sustainable development in Iskandar Puteri, Johor.

At the document exchange ceremony on Thursday (Feb 10), the deputy state secretary of Johor (development) Datuk Mohammed Ridha highlighted the importance of close collaboration between the Johor government and private sector in realising the agenda of Johor state: “I am very pleased with Iskandar Investment Bhd (IIB)’s effort to understand the aspiration of (the) Johor government and embarking in an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri.

“The infrastructure development must be balanced with social development such as talent building, job creation and mindset transformation to prepare Johoreans for future development. The MIH project is a perfect example of ensuring holistic development and harmonious living of integrated communities.”

IIB president and CEO Datuk Khairil Anwar Ahmad, who is also the chairman of Iskandar Capital Sdn Bhd, said that the MIH is a model that promotes fair, equitable, inclusive and affordable housing for all income levels in Johor.

“Through this initiative, the low income (B40) and middle-income group (M40) can be neighbours living in one community. Iskandar Capital is committed to continue supporting the state government in safeguarding the interest of the local community and increasing the number of home-ownership among Johoreans,” he added.

MIH aims to minimise the segregation issues by creating a diverse community with all levels of society living harmoniously in one integrated community, connected by green infrastructures, modern facilities and quality services. MIH shall offer amenities with elements of sustainability such as rainwater harvesting, solar panel, greenspaces and canopy trees, and waste management.

An enhanced version of the Rumah Mampu Biaya Johor (RMBJ), also known as Value Homes (VH) and Value Plus Homes (VPH), the project focuses on a broader target market ranging from low- to medium income. 

This first MIH project, which is strategically located in close vicinity to Kota Iskandar and Medini City, would be undertaken in collaboration with Shiya Development Sdn Bhd, a 100% Bumiputera-owned company. It will commence in 2023 and is due for completion in 2026.  

Apart from that, Thursday's event also marked Iskandar Capital’s collaboration with four other organisations, namely Marquis Oil Sdn Bhd, Universiti Putra Malaysia, Awana Asia Sdn Bhd and Geo Sense Sdn Bhd, which involve efforts towards increasing liveability and enhancing agricultural activities to support the Johor State’s food security agenda. 

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