StarProperty.my Awards extends down south of the peninsula
By NG PAU LING
ISKANDAR Malaysia is growing stronger after more than a decade of vigorous expansion, fulfilling its vision to drive the economy and property market in Johor and eventually achieving its goal of becoming an international metropolis by 2025.
As the country’s first economic growth corridor launched in 2006, the Iskandar Malaysia region is three times the size of neighbouring Singapore and has received RM244bil of cumulative committed investment as at Sept 30, 2017.
A total of RM149bil or 61% of the investment is from domestic investors, with the remaining RM94bil (39%) from foreigners.
According to the Iskandar Regional Development Authority, 55% or RM134bil of the investments had already been realised.
Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar and the VIP guests at the inaugural StarProperty.my Awards 2017: Jewels of Johor awards night. From left: Johor Tourism, Domestic Trade and Consumerism Committee chairman Datuk Tee Siew Kiong, Star Media Group Bhd group managing director and chief executive officer Datuk Seri Wong Chun Wai, chairman Datuk Fu Ah Kiow, Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin, State Secretary Datuk Azmi Rohani and State Housing and Local Government Committee chairman Datuk Md Jais Sarday.
The investments involved various sectors such as electrical and electronics, petrochemical and oleochemical, food and agro-processing, logistics and related services, tourism, health, educational, financial services and ICT and the creative industry.
The steady influx of local and foreign investors into Johor generates positive spillover effects to other parts of the state and also creates international interest in the region.
These good growth prospects and business opportunities also further increase the demand for residential properties in Johor, and the prices are now on an upward trend.
Fu and Wong presenting a token of appreciation to Sultan Ibrahim.
Showcasing the vibrant jewels of Johor
To celebrate the remarkable progress of Johor, StarProperty.my has kicked off the southern edition of its StarProperty.my Awards.
The StarProperty.my Awards 2017: Jewels of Johor awards night, held in Johor Baru on Nov 24, was graced by Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar.
The event saw several leading property developers being crowned for producing up to 19 award-winning projects.
These developments represent some of the best options among the wide selection of property offerings available in the state.
The selection will also be highlighted in a book titled “Johor’s Most Exceptional Developments: Jewels of Johor 2017/2018”.
The StarProperty.my Awards 2017: Jewels of Johor awards night was sponsored by Eastern Decorator Sdn Bhd with Akemi Uchi products.
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