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Aiming at RM25 billion, has gotten RM17.7 billion

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We believe what we want to read and believe, true? I think so. Iskandar is in the news every week and I think for the recent two years mostly for negative news. Haha. Oversupply is always mentioned. Safety is always mentioned. Slow moving where FDI is concerned are mentioned too. I was in JB for a good friend’s wedding and had the opportunity to visit a few malls and even drove all the way to Johor Premium Outlet, Hello Kitty Park and even my daughter enjoyed Barney and Friend’s show too. It certainly does not look anywhere near dying to me… 🙂

Recently, reported in many medias, Iskandar Regional Development Authority (Irda) announced that they are on on track to achieving their RM25 billion investment target for the southern corridor. Within H1 2016, a total of RM17.7bil new investments was secured. IRDA’s federal commissioner, Nor Hisham Mohd Yusof said, “Nearly 60% of the investors are foreigners, with the bulk of them being mainland Chinese investors investing in the property segment.” IRDA will be focussing heavily on the logistics and creative industries for the next six months.

My advice is that wherever we intend to invest, whether they are in Iskandar or even in neighbouring Sentosa etc, read more and then visit the place. Many times, if this is not our first purchase, we could already see some signs, both negative and positive that is happening. It’s best not to rely only on any particular media report and certainly not just one particular property talk. The question we should always ask would be, the possibilities based on the numbers and I think for Iskandar, it’s important to look at it as next to Singapore for example. Singapore must continue growing and it has a number of options for lower cost output centres. Of course, it need not be Iskandar, can also be Batam, Bintan etc etc….  Happy believing.

written on 6 Sept 2016

Next sugested article:  Iskandar and Chinese companies, another Rm2 billion coming

 

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