22 October 2013

IGB To Create Another Mid Valley in Iskandar Malaysia - Oct 2013

IGB started its journey in Iskandar Malaysia by executing a huge mixed property development project which is a Joint Venture in between IGB and Selia Pantai. It is targeting to complete a mega-mall within 15 years time frame.

The main reason to develop a megamall in Zone A, Iskandar Malaysia is in the hope to attract more Singaporean to stay and shopping here.

With lesser land to be developed in Klang Valley and Penang, there are more developers come and join the property development game in Iskandar Malaysia. Hopefully with improved infrastructure such as MRT/BRT Linked to JB (could be in Tanjung Puteri) and better security features in newly developed properties, it can attract more foreigners or locals who working in Singapore to stay and spend in Iskandar Malaysia.

I am still cautiously optimistic that Iskandar Malaysia can be developed well, provided with the collaboration between Singapore & Malaysia government.

Source: http://english.astroawani.com/news/show/mid-valley-southkey-megamall-in-iskandar-to-be-completed-in-2016-24320

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