In sharing his vision to position Johor prominently on the global map, the Johor ruler emphasised the importance of attracting more investments, especially from high-technology companies.
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.
Menteri Besar Datuk Onn Hafiz Ghazi said the Johor-Singapore SEZ could make Johor like the city of Shenzhen, which flourished after four decades of being an SEZ.
Prime Minister Datuk Seri Anwar Ibrahim said the area would soon become an alternative for global company managers based in Singapore to reside.
So far, almost 30 firms have submitted a request to purchase the RFI documents, while the project will be via a design-finance-build-operate transfer (DFBOT) model with the asset to be handed over after the concession period.
The ministry in a statement today, said the visit was an ongoing effort to strengthen the close ties which had existed as Singapore is an important neighbour and friend of Malaysia.
The group said that due to Malaysian Financial Reporting Standards' (MFRS) 15 accounting treatment, the development profit from two of the group’s ongoing Singapore property development projects will only be recognised upon their completion and handover.
CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.
“It’s still [being deliberated] at our level.
Senadi Hills 2A’s price starts from RM843,000 and is targeted for completion at the end of 2Q2025.
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