Under a proposed master plan spanning a period of 15 years, the RM19.2 billion Danga Bay project will be turned into an integrated waterfront city within the Iskandar Development Region. The development of two new components, Sanctuary Villas and Danga Bay Service Residence & Resort Hotel had also taken off in October and November 2007. RM330million Sanctuary Villas, located on 70 acres on an island, will comprise bungalows and waterfront villas. The RM536million Danga Bay Se

The 2,217 sq km Iskandar Development Region or IDR, about 48 times that of Putrajaya (46.19 sq km) and about 3 times the size of Singapore (739 sq km), was launched on 4th November 2006. Recently the Prime Minister Datuk Seri Abdullah Ahmad Badawi has launched a book detailing the incentive packages for the IDR. The incentives include the following: a 10-year income tax exemption on income from the disposal of any right in or over land within the approved node, income tax exe