Malaysia - Johor, Iskandar, Forest City etc

[behappyalways]

I spent a night in one of the empty apartments in Malaysia's $100 billion ghost town, and I can see why very few people want to live there
https://www.businessinsider.com/forest- ... ina-2024-4

[behappyalways]

Malaysia Weighs Casino License to Revive Forest City

https://www.bloomberg.com/news/articles ... =prognosis

[behappyalways]

Forest City ushering in an opportunity for rebirth? Is Malaysia going to build a new casino? |

森林城市迎来回生契机? 大马要建新赌场? | 八点最热报 25/04/2024

https://m.youtube.com/watch?v=GxFDqRuBz6g

[behappyalways]

It is a rumor to build a casino in Forest City. Ong Hafez: Nonsense!

斥森林城市建赌场是谣言 翁哈菲兹: 无稽之谈 ! | 八点最热报 13/05/2024

https://m.youtube.com/watch?v=_GsiOl-cnR0

[behappyalways]

Kuok Group buys back Johor mall it sold two decades ago to Singapore’s sovereign fund
https://theedgemalaysia.com/node/712269

[behappyalways]

Dewan approves 5 bills to make Forest City a duty-free zone
https://m.youtube.com/watch?v=9WuLKnI9hnc

[winston]

Iskandar Malaysia property market glut issue: Not all areas are equal [BTTV]

By Azanis Shahila Aman

The Iskandar Malaysia property market has moved on from the supply glut issue with projects surrounding the Rapid Transit System Link station at Bukit Chagar, going at an average selling price of RM1,000-RM1,300 per square feet.

Some completed projects are still seeing prices going at 40 per cent below the initial launching price. Hence, only projects that are strategically located, and commercial properties that are well-managed are popular among property buyers, investors, and tourists.

Currently, there are about 11 projects surrounding the RTS Link station at Bukit Chagar.

The completion of the RTS Link at the end of 2026 will not only see more intense cross-border human traffic, but may also attract Malaysians from other states to relocate to Johor and work in Singapore in the future.

Source: NST

https://www.nst.com.my/property/2024/08 ... equal-bttv

[behappyalways]

Malaysia offers zero tax for family offices in US$100 bil Forest City development
https://www.theedgesingapore.com/news/m ... evelopment

[winston]

Incentives to boost Forest City Special Financial Zone

Johor shines, again Johor is gearing up to become an international financial hub with various incentives announced for the Forest City Special Financial Zone (FCSFZ) last Friday.

Additionally, momentum is building around the KL-Singapore High-Speed Rail project.

Investment themes relating to these two developments have again sparked excitement and optimism in property stocks.

We are POSITIVE on the sector; BUYs are SPSB and ECW.

Source: Maybank

https://mkefactsettd.maybank-ke.com/PDFS/406921.pdf

[winston]

Say Goodbye To “Ghost Town” – Forest City Is About To Glow Up!

New incentives for the Forest City Special Financial Zone include a 0% tax rate for family offices with RM30m in AUM and a 15% personal income tax for workers, enhancing its appeal over Singapore.

Positive trends in Malaysia’s property market, particularly in Kuala Lumpur and Johor, reflect increased transactions and growth in the residential sector, driven by strategic locations and increased vibrancy in the area.

Maintain OVERWEIGHT. Top picks are laggards such as Lagenda and IOIPG.

Source: UOBKH

https://39646150.fs1.hubspotusercontent ... e=hs_email