News about Johor

The counter has risen more than 231% this year, on sentiment play amid an inflow of positive news for projects in Johor, in particular near the Iskandar region, where UEM Sunrise’s portfolio is mostly located.

On Tuesday, BLand said Tun Aminah holds a 30% stake in Berjaya Rail, which is actively participating in the request for information exercise by MyHSR Corp for the revilatised Kuala Lumpur-Singapore High Speed Rail project.

The total gross land area is approximately 3.

ECM Libra said its wholly owned unit ECM Libra Desaru Sdn Bhd is acquiring the entire equity interest of Desaru Beachfront 2 Sdn Bhd, owner of a 36,831-square metre plot, for RM17.

The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.

Revenue from the property development division saw a more than three-fold increase to RM39.

The supermarket at Eco Galleria in Taman Eko Botani, Iskandar Puteri covers an area of 35,000 sq ft.

Last Friday, Prime Minister Datuk Seri Anwar Ibrahim reportedly said the government's bid to create a special financial zone in Forest City is meant to boost investment, growth and economic activities in Johor.

RHB Research said the designation of Forest City, which is close to the Second Link, as a special financial zone should revitalise the township, which had received a lot of negative attention over the last few years.

According to RHB Investment Bank (RHB IB), which has received insights from real estate agency Knight Frank Malaysia, a lot of infrastructure projects, property developments, facility expansions and investments are “brewing” in Iskandar Malaysia, which is formed by major cities in Johor.