EXCLUSIVE REPORT ’S PERSPECTIVE OF THE FUTURE SMART CITY

As a greenfield development, Iskandar Puteri, previously known as Nusajaya, has gone through two growth phases - infrastructure and property development.

Iskandar Puteri is projected to be a unique melting pot of business and culture for . Being one of the largest property developments in South East Asia, it aims to create synergies between Malaysian and Singaporean economies.

In this issue, Property Hunter highlights the transformation of Iskandar Puteri from its palm oil plantation days to its economically vibrant city today.

By Property Hunter

Johor Premium Outlet

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Pinewood Iskandar Malaysia SiLC (Southern Industrial and and spacious luxury resort homes THE BRIDGING OF OPPORTUNITIES Studios Logistics Clusters) nestled within 7 parks featuring 31 Located on a 49 acres site, Pinewood SiLC is Iskandar Puteri’s premier hidden, intimate and lush gardens. ISKANDAR PUTERI Iskandar Malaysia Studios is a studio industrial and environmentally Covering 275 acres, the lake, forest, complex which targets the Asia-Pacific sustainable development. Spanning wetland and canal themes are Iskandar Puteri, a newly developed planned city in Bahru District, has never been intended to attract region. The state-of-the-art facilities across 1,300 acres of neighbouring combined together with tropical the agriculture or manufacturing industries. Thought to be a signature and catalytic development billed as in the studio include 100,000sqft of development-ready land, SiLC landscaping, celebrating the beauty The World in One City, its convenience to and lower cost base makes it a primary location for film stages, ranging from 15,000sqft features advanced, innovation-driven of nature. This development has the global business services (GBS) outsourcing industry. to 30,000sqft. The 30,000sqft stage industries augmenting the value received international recognition by has a water tank for productions that chain of integrated ‘clean’ industrial being awarded Best Development Formerly known as Nusajaya, the Country Risk Notes require work on or under water. The sectors in four major areas – advanced Malaysia (highly commended) at city adopted the forename, Iskandar studio houses 2 TV studios, each at technology, health & nutrition, the Bloomberg Asia Pacific Property China, Hong Kong, India Too expensive & Cooling measures, anti-speculation, low Puteri, on January 1st, 2016. Yayasan and Singapore restrictive loan quantum, foreign buyers restriction 12,000sqft. In spring 2015, the studio logistics, and biotechnology. SiLC is Awards 2010. It was also recognized as Warisan Johor historical research was used for the filming of a Chinese complete with full fibre world-class one of ’s 20 Best Resort Australia, Japan, Korea, Too slow Stable, mature, strong anti-speculations officer Kamdi Kamil said Iskandar New Zealand, Taiwan measures in places for a long time action film, Lost in the Pacific. The ICT connectivity, an imperative to Developments by Property Report Puteri was the appropriate name to Cambodia, , Too risky Weak secondary market, lower standard reputable studio was also used to support 21st-century industries and Southeast Asia’s i-Property Awards replace Nusajaya as it complements the Laos, Philippines, of living, not suitable to those without film Marco Polo, an American drama businesses. 2010. existing waterfront development Puteri Myanmar, , holding power Vietnam web television series. The world-class Harbour and the state administrative filming facility will be a catalyst to Afiat Healthpark Malaysia Low cost, faster Relatively developed, no language centre . growth, less issues, close to other Asia Pacific transform Malaysia into a destination Iskandar Puteri’s Afiat Healthpark is Spanning across 1,200 acres, Horizon risky countries, less restrictions on foreign for filmmakers worldwide, aiming to tailored specifically towards developing Hills is an integrated residential Serving as the heart of Iskandar property ownership bring in RM1.9 Billion and create more healthcare facilities to meet the township complete with a private Malaysia, Iskandar Puteri, a city at increasing local and regional demand 18-hole Par golf course. Regarded as of international standing with four Campus (USMC), than 11,000 jobs by 2020. 22,000 acres, is projected to be a for premier and all-inclusive healthcare one of the best golf course residential carefully planned zones. Comprising Malaysia (UoRM), Netherlands Maritime unique melting pot of business and Kota Iskandar services. Dedicated to bringing properties in , Horizon Hills of 2,273 acres, Medini is now home (NMIT), Raffles culture for Iskandar Malaysia. Just Kota Iskandar, Johor’s new together health and wellness services takes full advantage of its unrivalled to Legoland Theme Park, Pinewood University Iskandar (RUI), -Multimedia under half of the entire Iskandar administrative centre, is a in one location, Afiat Healthpark sees location of a mere 30 minutes’ drive Iskandar Malaysia Studios and just a University (MMU), Management Puteri land bank is being developed development comprising Johor State the establishment of private hospitals, to Singapore. A strategic joint venture stone throw’s away from EduCity. Development Institute of Singapore by UEM Land Berhad, a wholly-owned and Federal Government offices, set specialist clinics, health screening, development between Gamuda (MDIS), Johan Cruyff Institute Malaysia subsidiary of UEM Land Holdings amongst landscaped gardens and centre, rehabilitation and dialysis Land and UEM Sunrise raises the EduCity (JCIM), and Primary and Secondary Berhad. parks. Designed to house more than centres and facilities for modern, benchmark for property development EduCity Iskandar Malaysia (EduCity) is a Trust Schools. As an Entry Point Project 6,000 civil servants and 76 state and traditional and complementary in Johor. pioneering multi-varsity education hub (EPP) under the education National Signature federal government departments, Kota medicines (TCM) in a 68-acre located in Iskandar Puteri, housing the Key Economic Area, EduCity aspires to Developments Nusa Idaman celebrated universities and institutes Iskandar is expected to handle more development. Previously known for its Greenfield create Asia’s first “best-in-class” higher than 1 million transactions a day. Kota Nusa Idaman is a mixed development of higher education such as Newcastle education destination with a superior site and home to palm oil plantations, Residential Developments in spanning 250 acres in the University Medicine Malaysia (NUMed), Iskandar stands majestically on 320 Medini is rapidly transforming into urban environment in which students acres of manicured gardens and parks Iskandar Puteri of Iskandar Puteri. This mixed Marlborough College Malaysia (MCM), and staff can live, work, study and play. an integrated urban municipality Iskandar Puteri Residences combine development was the first in Malaysia University of Southampton Malaysia as a symbol of a new attitude towards government efficiency. the best of urban living and the to introduce anti-termite homes, refreshing, de-stressing power of precinct concept, single entry and Puteri Harbour nature. Complemented by modern exit points, low density, lush parks Puteri Harbour is the jewel of Iskandar conveniences and infrastructure, each and family recreation space. This Puteri that spans 688 acres offering development will boast signature residential precinct is adjacent to a a panoramic view of the Straits of topographies that distinguish it from 650-acre urban forest (Regional Open Johor. The Harbour is designed to the rest. Among the residential areas Space) and features a large linear park. bring world-class waterfront living being developed are Estuari, Horizon The development components of to Malaysia. Located adjacent to the Hills, Ledang Heights, Nusa Bayu, Bukit Nusa Idaman comprise of residential majestic Kota Iskandar, Puteri Harbour Indah, and Nusa Idaman to name a and commercial units, kindergarten, offers the experience of unique few. primary school, mosque, a community waterfront living, dining, entertainment, hall, public field, recreation lake, petrol and the arts and culture in a safe and stations, landscaped parks and vista scenic natural setting. East Ledang is UEM Land’s most points. Aerial view of Nusajaya prestigious offering with contemporary

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EXCLUSIVE REPORT

Game Changer With the iconic High-Speed Rail’s Regional Development Authority (IRDA), Malaysia’s largest single urban development to date will become the smart and location in Iskandar Puteri announced demand from investors have remained “With the presence of key connected Central Business District of Iskandar Puteri. The gross development “We are positioning Medini by both the Singaporean and Malaysian strong with a recorded total cumulative catalytic developments value of Medini stands at approximately RM87 billion spanning 15 to 20 years. Iskandar as a smart and Prime Ministers in July this year, committed investments of RM202.45 ranging from tourism and connected township with is fast taking shape billion from 2006 until March 2016. leisure healthcare and Medini Iskandar is divided into four main clusters. Zone A, known as The Park, important amenities. with a 25-year master plan that will wellness, education, creative comprises Mall of Medini, Gleneagles Medini, Afiniti Residences, The Elysia, We want to set a new match Singapore’s very own Jurong DTZ Consulting & Research Malaysia Paradiso, Grand Medini and Medini. Zone B, or The Pulse, offers offices such to business and industrial benchmark for sustainable Lake District. and Singapore concurs on this in its as Medini 6, Medini 7, Medini 9 and Medini 10. Another part of Zone B, called latest report, titled Market Assessment sectors in place to stimulate The Compass, is poised to be a financial centre and the flagship development of developments. We want Winner of Best Masterplan at the of Gerbang Nusajaya and Iskandar job creation and economic MIM. Zone D is known as The Crescent. to come up with a smart FIABCI Prix d’Excellence Awards in Puteri. activities, Gerbang Nusajaya city blueprint, comprising 2012, Iskandar Puteri consists of is poised to generate strong MIMSB’s Managing Director, Datuk Khairil Anwar Ahmad aims to develop Medini developments that offer signature catalytic developments Upon completion, Nusajaya Tech Iskandar into a unique central business district (CBD) of Iskandar Malaysia. population growth that will a unique experience and aligned with the identified sectors Park is expected to create 22,000 drive housing demand.” lifestyle for those living and and industries in the 10th Malaysia employment opportunities. According to Khairil, MIM will also focus on commercial developments in the near future, in addition to its residential and healthcare developments working in Medini Iskandar” Plan. The next wave of catalytic - DTZ Consulting & Research developments spanning approximately For the whole of Gerbang Nusajaya respectively. Malaysia and Singapore - MIMSB’s Managing Director’s 4,500 acres within Iskandar Puteri will alone, the area is expected to create an words take place in Gerbang Nusajaya. estimated 76,000 direct job offerings, On August 11, 2016, Medini 10 was most recently awarded the “Best 137,000 indirect job offerings together Commercial Development” in Malaysia, at the South East Asia Property Awards According to the data from Iskandar with an estimated 220,000 population. 2016, held in .

9 Years On ...

2007 / 2008 2009 2010 2011 2012 2013 2014 2015 2016 LAUNCHED SIGNED GROUND- SIGNED Completed LAUNCHED LAUNCHED LAUNCHED LAUNCHED Medini WCT BREAKING Zhuoda LEGOLAND Afinity Medini Prive Medini Elysia by BCB Global Business Iskandar Berhad for LEGOLAND Estate Malaysia Services by i2M Malaysia 1 Medini Malaysia Group Avira Opus Medini Sunway SIGNED Citrine GROUND- 30 min to 35 min to Immediate access to Strategically located SIGNED Binapuri Disctinctive STLR Iskandar Grand BREAKING Singapore CDB International Airport & North-South Expressway adjacent to Singapore LEGOLAND Holdings Resources Residences Medini Ground- Medini 10 45 min to (PLUS), and ready to capitalise Malaysia for Medini Distinctive Medini 9 Square Ra Ta Land Ace Medini Square SIGNED Operrational International Airport Malaysia-Singapore on potential High Speed Huawei - 1st UMCity by Gleneagles Second Link and Rail link between Sunway WCT Land The Meridin @ corporate UMLand Medini Abu Bakar (CIQ) Complex Singapore & Kuala Berhad Medini tenent at Lumpur BGCR Medini 6, Completed Somerset Medini Khazanah Paradiso Mouva followed by Medini 7 / Temasek Mah Sing Intelsec, BCB CIMB Training Wellness D’Pristine 1 Medini by Academy Project UM Land Completed WCT 18@Medini Medini 6, 1st Frost & Sullivan Transformation of Medini 3% Stanford purposed SIGNED at Medini 7 Properties iMedini Walk built office Samsung C&T Medini is a 2,230 acres urban 9% Medini Master Plan building - 1st Medini 1 Medini municipality development planned Medini Signature 7 Corporate for a population of 450,000 by 2030. tenant Infrastructure Completed Coupled with an integrated and LEGOLAND 30% Commercial Water park & comprehensive master plan, Medini 13% Hotel is coordinated by Medini Iskandar Residential Pinewood Malaysia Sdn Bhd (MIMSB). The master Iskandar Green area plan is designed with a strategic vision Malaysia Studios

to unfold Medini as a city that is strong Mixed-use Matsui & Co. Ltd and archetypal with distinct new acquires 20% Community stake in MIMSB building designs and people-oriented 15% Source: Sdn Bhd public spaces.

30%

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Huawei became the first tenant in the business district of Medini 6, in 2014. Cooling measures for foreigners Medini witnessed the ground breaking ceremony for its high-rise office building While the rest of Malaysia is affected by the minimum purchase price requirements, Real Property Gains known as Medini 9 last year (2015). Tax (RPGT) and quotas, Medini remains the only place where these rulings are relaxed. This has predominantly made it attractive for foreign investors who are ensnared by the various industries Founder of Khalil Adis Consultancy and iProperty.com Malaysia’s Brand and its well-planned surroundings but where properties are still reasonably priced. Labelled as a free Ambassador for Iskandar Malaysia, Khalil Adis said, Medini could be the sweet trade zone to make it foreign-investor friendly, Medini is slowly coming to life with a growing number of spot for Malaysia in 2016 with its close proximity to Singapore, no minimum 2 expatriate communities. purchase price and zero Real Property Gains Tax.

Endless incentives Here are three reasons why Medini could be the saving grace for Malaysia this year. Medini 6 Masterplan There are plenty of incentives in Medini for just about everyone. For foreign knowledge workers or Well planned township returning Malaysians looking to live, work and play in Iskandar Malaysia, you can apply under the ’15 With the rise of Iskandar Puteri in 2008, Medini now has infrastructure that rivals that of Singapore’s. The per cent tax rate scheme for knowledge workers in Iskandar Malaysia’. Those who wish to apply for this urban township has been well planned with various catalytic industries to spur economic growth, create scheme need to have the interest to reside in Iskandar Malaysia and to be working in the 9 promoted jobs and boost demand for homes in and around the municipality. Medini is home to many big players, 3 sectors; tourism, financial advisory & consulting, education, healthcare, creative industries, electrical & 1 namely, Sunway, Mah Sing, and Eastern & Oriental. electronics, logistics, petrochemical & oleochemical and food & agro processing.

MEDINI - A SNAPSHOT Developments The State Administration Offices, traffic lights, Puteri Harbour, Kota Iskandar are only some of the developments in

UNIvERSItI Iskandar Puteri. SENaI aIRPORt tEKNOLOGI MaLaYSIa JOHOR PREMIUM StaDIUM LaRKIN Name Developer No. of units Floor area Price, from Development OUtLEtS (sq ft) (RM) status

Iskandar Residences Distinctive Group 640 633 – 1,765 600,000 Ongoing IOI MaLL BaNDaR PUtRa SOUtHERN INDUStRIaL UM City UM Land 213 583 – 1,192 730,000 Ongoing aND LOGIStICS CLUStERS (SILC) GELaNG The Meridin Mah Sing 644 318 – 885 342,000 Ongoing PataH tHIStLE HOtEL aEON taMaN MOUNt Afiniti Medini Afiniti Residences Sdn Bhd 147 484 – 1,064 501,888 Completed SHOPPING CENtER aUStIN MOtORSPORtS Almas UEM Sunrise 546 520 – 2,221 390,000 Ongoing CItY HORIZON HILLS Elysia Park BCB Berhad JV United 987 518 – 1,251 400,000 Ongoing Residence Harvest Group ISKaNDaR PUtERI KOta BUKIt INDaH Sunway Iskandar Sunway Berhad 328 626 – 1,828 563,000 Ongoing tECHPaRK LEGOLaND ISKaNDaR JOHOR BaHRU MaLaYSIa CItY CENtRE RESORt 1Medini Residences WCT Holdings Berhad 644 720 - 1,704 300,000 Completed Paradiso Nuova ZhuoYuan Iskandar JV 382 696 - 6,080 540,000 Ongoing LEISURE FaRM 1-5 mins 5-15 mins 15-25 mins 25-45 mins Iskandar Investment Bhd (Phase 1)

PUtERI EDUCItY PINEWOOD HaRBOUR StUDIOS taMaN tHE ZON PORESIa (DUtY FREE) JEN HOtEL Sources:

BaNDaR 1. Nusajaya Is Now Iskandar Puteri, 3. 3 Reasons To Invest in Medini in 2016, 7. 10 Key Facts Why Gerbang Nusajaya Will MaRLBOROUGH BaRU UDa CHaNGI WOODLaNDS http://www.thestar.com.my/metro/ http://www.khaliladis.com/blog/three- Be the Game Changer, COLLEGE DaNGa CHECKPOINt aIRPORt BaY CHECKPOINt community/2015/12/31/Iskandar Puteri- reasons-to-invest-in-medini-in-2016 http://theindependent.sg/10-key-facts- is-now-iskandar-puteri-johor-reverts- why-gerbang-nusajaya-will-be-the-game- to-its-old-name-as-it-has-historical- 4. Medini Iskandar Malaysia Sdn. Bhd. changer-for-the-next-phase-of-iskandar-

MaRINa BaY significance/ (MIMSB) puteri/

2. Master Planned Developments, Iskandar 5. Medini Iskandar Malaysia, 8. Medini Going Ahead with Puteri, http://www.iskandarinvestment. http://www.medini.com.my/master-plan/ Commercial Developments, http:// com/master-planned-development- www.theedgeproperty.com.my/ projects/surrounding-developments/ 6. Nusajaya Malaysia, content/883527/medini-going-ahead- • 5 mins to Puteri Harbour, EduCity, Kota Iskandar • 20 Mins to JB City, Senai Airport, Woodlands Checkpoint http://www.nusajayacity.com/ commercial-developments • 15 mins to , Motorsports City, SILC • 30 to 40 mins to Singapore CBD &

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