It was reported that Central Malaysia Properties Sdn Bhd (CMP) would embark on a multi-million ringgit waterfront project overlooking the Straits of Johor known as Lido Boulevard, an integrated development project within the Iskandar Malaysia region which was scheduled to be completed by 2016. This flagship project, fully funded by Central Malaysia Properties Sdn Bhd is a joint venture between the former and the Johor State Secretary Inc as the land belongs to the state. Lido

A multi-million ringgit integrated waterfront development project, located on 49.37 ha of land stretching 2.4 km along the Tebrau Straits in Johor to be developed by Central Malaysia Properties Sdn Bhd, and comprising comprises 4 main components, viz., a) luxury condominiums, b) waterfront office suites, c) a hotel and d) a shopping mall when completed in 2016 will be touted as one of the biggest waterfront projects in Johor, rivalling the Danga Bay development. The project,

Ekovest Bhd had, in July 2007, proposed to purchase the entire stake in Danga Bay Sdn Bhd and had signed a RM1.1 billion sale and purchase agreement with Credence Resources Sdn Bhd and DBSB for that purpose. The price tag of RM1.1 billion translated to roughly RM105 psf, which was substantially higher than the RM65 psf Aeon Co (M) Bhd paid for in February 2007 for a parcel of land in the 23,875-acre Bandar Nusajaya, Johor. The sale would be financed via the issuance of new sh

The Prime Minister Datuk Seri Abdullah Ahmad Badawi recently announced that the Cabinet has approved incentives for developers and investors involved in the development of the 2,217 sq km ISKANDAR MALAYSIA (formerly Iskandar Development Region) which was launched on 4th November 2006. For the purpose of comparison of size,ISKANDAR MALAYSIA is about 48 times that of Putrajaya (46.19 sq km) and about 3 times the size of Singapore (739 sq km). It was also reported in the news re

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