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Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
Is Iskandar Malaysia (formerly IDR) a MYTH or VISION? Print E-mail
Thursday, 19 March 2009 18:09

I gave a talk on the topic matter pertaining to "Johor Property Market Outlook 2009" early January 2009. During the talk, I was surprised to find there are still many local Johorean who knew very little on Iskandar Malaysia (IM) and/or hardly have any interests in understanding what IM is all about. From what I've gathered so far, foreigners seem to be more "excited" with IM as compared to locals. I do not wish to elaborate too much on why this is happening, the fact is, there are simply too many white elephants running around in Johor Bahru city over the years.

This time round however, I stand to differ. To me, IM is a bold and yet tactful long term plan for Johor Bahru, i.e. to focus, enhance and improve the level of service industry in Johor Bahru. This is a very tactical approach as I dare to say Johor state has been doing well so far in respect of industrial and agricultural sectors, should we want to go further and make our economy more well-rounded, service is the thing to go for. The same goes to many other foreign economies where the GDP percentage for service sector is ever increasing.

During the talk, one question was asked, " why does Johor State Government want to spending hefty sum of money to build new government buildings in Gelang Patah? Is there a need for it". First of all, I am in no position to answer this question. Secondly, this question to me is now irrelevant. The new Johor State Administrative Centre has already been completed and the state government departments are moving in stages by stages starting early this year. The question we all should be asking right now is "how can we play a role in Iskandar Malaysia?"

Especially during this challenging time, we should all get involve more with IM and explore our business opportunities with all the key players in IM, which my company has done so ever since its inception. We have already benefited and we are very optimistic about it. When's your turn?


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