SINGAPORE: Iskandar Malaysia will parcel out about 200ha of land for the proposed joint iconic wellness township project between Malaysia and Singapore.
Malaysia's Khazanah Nasional Bhd and Singapore's Temasek Holding Ltd will form a 50:50 joint-venture company to undertake the development of the project with the participation of private sectors from both countries.
This was announced by Prime Minister Datuk Seri Najib Tun Razak after meeting Singapore Prime Minister Lee Hsien Loong during a leaders' retreat at Shangri-La Hotel here Monday, May 24.
The announcement is the latest tangible development after the idea for the project was mooted during Najib's official visit to Singapore following his appointment as prime minister early last year.
In their joint press conference, both Najib and Lee reiterated their support for the "live work play" wellness township concept proposed by the Joint Ministerial Committee on Iskandar Malaysia (JMC), which would offer holistic wellness services and facilities.
Both leaders hoped to launch the project within a year.
The township will be designed to be vibrant, culturally distinctive, yet socially harmonious and environmentally friendly.
A unique feature of the project will be the encapsulation of "wellness" within activities throughout the township, alongside the integration of traditional healing methods, complementary alternative medicine and modern treatments. -- Bernama
Malaysia's Khazanah Nasional Bhd and Singapore's Temasek Holding Ltd will form a 50:50 joint-venture company to undertake the development of the project with the participation of private sectors from both countries.
This was announced by Prime Minister Datuk Seri Najib Tun Razak after meeting Singapore Prime Minister Lee Hsien Loong during a leaders' retreat at Shangri-La Hotel here Monday, May 24.
The announcement is the latest tangible development after the idea for the project was mooted during Najib's official visit to Singapore following his appointment as prime minister early last year.
In their joint press conference, both Najib and Lee reiterated their support for the "live work play" wellness township concept proposed by the Joint Ministerial Committee on Iskandar Malaysia (JMC), which would offer holistic wellness services and facilities.
Both leaders hoped to launch the project within a year.
The township will be designed to be vibrant, culturally distinctive, yet socially harmonious and environmentally friendly.
A unique feature of the project will be the encapsulation of "wellness" within activities throughout the township, alongside the integration of traditional healing methods, complementary alternative medicine and modern treatments. -- Bernama
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Endah Ria
Bandar Baru Sri Petaling, Kuala Lumpur
RM 350,000
3 beds |
2 bath |
946 sqft
SALE
FEATURED
Residensi Bintang Shamelin ( Shamelin Star )
Cheras, Kuala Lumpur
RM 1,050,000
3 beds |
2 bath |
1227 sqft
SALE
FEATURED
University View Apartments (Bukit Beruang Bestari)
Bukit Beruang, Melaka
RM 220,000
3 beds |
2 bath |
1000 sqft
RENT
FEATURED
Puteri Palma Condominium @ IOI Resort City
Putrajaya, Putrajaya
RM 4,000
3 beds |
3 bath |
1800 sqft
SALE
FEATURED
Jalan Kemuning Permai 33/42
Shah Alam, Selangor
RM 2,100,000
5 beds |
6 bath |
3900 sqft
SALE
FEATURED
Bukit Kemuning Industrial Park
Shah Alam, Selangor
RM 2,300,000
- beds |
- bath |
5400 sqft