| Latest updates on Iskandar Malaysia |
25 FEBRUARY 2010, BY THE STARRaffles Education Corp Ltd, the largest private education provider in the Asia-Pacific region, will collaborate with Education@Iskandar Sdn Bhd, a subsidiary of Iskandar Investment Bhd, to determine the feasibility of establishing a multi-institutional education campus in Iskandar Malaysia.
In a statement yesterday, it said the development would be known as Raffles University Iskandar and would include the launch of Raffles University as part of its first phase of development.
The proposed Raffles University would be developed on a 26-ha site and would offer a range of undergraduate programmes. The university would enrol about 5,000 students within its first five years.
25 FEBRUARY 2010, BY CHANNEL NEWS ASIAPrivate education provider Raffles Education said it is determining the feasibility of a multi-institutional education campus in Iskandar, Malaysia.
It is collaborating with a subsidiary of Iskandar Investment Berhad, Education@Iskandar, and the joint development will be known as Raffles University Iskandar.
The proposed university will be developed on a 65-acre plot of land and will offer undergraduate programmes including business, technology, health science and social science specialisations.
It aims to enrol about 5,000 students within its first five years.
25 FEBRUARY 2010, BY BUSINESS TIMES SINGAPORERAFFLES Education Corporation Limited will be collaborating with Education@Iskandar Sdn Bhd - a wholly-owned subsidiary of Iskandar Investment Berhad - to study the feasibility of establishing a multi-institutional education campus in Iskandar Malaysia.
The development will be named 'Raffles University Iskandar' and will include the launch of Raffles University as part of the first phase.
Both parties intend to eventually form a joint venture company in Malaysia to build and operate Raffles University Iskandar.
The proposed Raffles University will be developed on a 65-acre plot of land and aims to enroll about 5,000 students within the first five years.
25 FEBRUARY 2010, BY BUSINESS TIMES SINGAPORERAFFLES Education Corporation (REC) is looking to extend its ties with Malaysian state investor Khazanah Nasional with a possible collaboration on a multi-institutional education campus in Iskandar Malaysia.
The school operator said yesterday that it is looking to work with a Khazanah subsidiary, Education@Iskandar, to set up a campus - to be known as Raffles University Iskandar - through a joint venture. It did not provide an investment figure for the proposed joint venture.
25 FEBRUARY 2010, BY THE STARThe state is confident of attracting more than RM50bil in foreign direct investments (FDI) in the oil and gas sector by 2013.
Mentri Besar Datuk Abdul Ghani Othman said, despite suffering from the economic downturn last year, the state’s decision to focus on the sector had garnered positive feedback.
More than 10 multinational companies had set up operations worth over RM4bil and created 4,000 jobs here, he said during the official opening of Langsat Terminal (One) in Pasir Gudang here.
The state was improving the region’s viability by upgrading access and connectivity by building the Senai-Desaru Highway and a second highway connecting Desaru to Kuantan, he added.
24 FEBRUARY 2010, BY TANK STORAGE MAGAZINEWhile oil storage is highly sought after in Singapore, the newly opened Johor storage terminal is going to expand, in an attempt to catch more business from Singapore-based oil traders.
The RM500 million (€54 million) Langsat terminal is to invest an additional RM90 million and develop a further 80,000 m3.
Langsat terminal chairman Ngau Boon Keat said that plans were also underway regarding the construction of another 170,000m3 of storage capacity for the terminal, but an investment figure was not given.
As the Langsat terminal is currently used mainly by oil trader Trafigura, Keat went on to say, ‘We are also planning to acquire more land for the construction of more tankage facilities for other customers as well.’
23 FEBRUARY 2010, BY BUSINESS TIMES SINGAPORELangsat Terminal inaugurates first phase of RM500m tankage project WITH continuing strong demand and limited supply of oil storage in Singapore, a newly-opened Johor oil storage terminal yesterday announced further expansion plans to try to capture terminalling business from Singapore-based oil traders.
Langsat Terminal, operated by Dialog Group, MISC and oil trader Trafigura at Tanjung Langsat, said it is investing a further RM90 million (S$37.3 million) to develop a third phase of 80,000 cubic metres, adding to the RM500 million investment in the first two completed phases of a total 400,000 cu m of storage.
23 FEBRUARY 2010, BY BERNAMAThe Tanjung Langsat Industrial Complex has attracted 10 multinationals and their investments totalling RM4 billion create more than 4,000 employment opportunites for the local population.
Johor Menteri Besar Datuk Abdul Ghani Othman revealed this Monday at the launch of Langsat Terminal (One) Sdn Bhd (LgT-1).
LgT-1, a joint-venture tank terminal project between Dialog Group Bhd, MISC Bhd and Puma Energy Asia BV whose holding company is Trafigura Beheer BV, is located within the vicinity of Tanjung Langsat Port in Pasir Gudang.
The addition of LgT-1 to the Langsat Industrial Complex, Ghani said, would boost the state government's effort to develop Southeast Johor as the next regional oil and gas hub.
22 FEBRUARY 2010, BY KOSMOBENTONG –Labur RM200 juat dalam resort dan hotel di Iskandar Malaysia, Johor.
Itulah yang bakal dilakukan oleh GentingMalaysia Berhad dalam tempoh dua tahun lagi bagi merancakkan lagi pembangunankoridor wilayah selatan tersebut.
Menurut Pengerusi Kumpulan Genting Tan SriLim Kok Thay, perkara itu telah dibincangkan dengan kerajaan negeri Johor sertaKhazanah Nasional Berhad dan mendapat kerjasama baik daripada kedua-dua pihak.
Katanya, dalam hal ini, pihaknya inginmenyahut seruan kerajaan untuk membuat pelaburan di kawasan tersebut.
“Kita mempunyai sejumlah tanah perladanganberdekatan Kulai di Johor dan secara kebetulan ia termasuk dalam kawasanIskandar Malaysia.”
22 FEBRUARY 2010, BY NEW STRAITS TIMESMOST successful major theme parks around the world are both top tourist attractions and money-spinners, with people willing to fly half way round the globe with their families just to enjoy their fantastic rides.
However, building a theme park requires huge capital outlay and comes with no guarantee of success, even if it has the best facilities and is in a good location. Furthermore, new rides and attractions have to be added every few years so its repeat visitors will not get bored of experiencing the same old thing. SOURCE: http://www.iskandarmalaysia.com.my
Last update: 02-03-2010 13:54
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Happy Chinese New Year!
Tuesday, 23 February 2010 08:27
administrator
Tiram Realty wishes you all a wonderful Chinese New Year! 恭喜发财！ 
Last Updated on Tuesday, 23 February 2010 08:55
| Fire insurance - notification on change of tenants |
This has always being neglected by property owners. Under the fire insurance terms and condition, you as the property owners are obliged to submit changes to the tenancies to your insurers promptly.
That is to say that you will be paying different premium for the fire insurance. For example, if you have a carpentry as your tenant, you will be paying tariff at approximately 0.7% whereas a storeroom carries a tariff of approximately 0.2%. Yes, higher risk's tenant will cost you as a owner to pay higher premium. By paying the sufficient premium to your insurers, then only you will be able to avoid any disputes in the case of claims against fire.
From now onwards, do inform your insurers whenever there is a change in your tenants.
Last update: 18-01-2010 13:42
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| Are you bidding on Standard & Chartered Bank's properties? |
If you are planning to bid for Standard & Chartered Bank's property (Laca case), always remember to register yourself with their panel agent few days in advanced. The purpose is for the agent to apply for you to waive the maintenance fees, quit rent and assessment owed by the previous owner.
If you do not perform the above, I'm sorry to inform you that you yourself have to bear those costs. In many instances, these figures can amount to more than RM10,000!
This only applies to Laca cases, i.e. properties without individual titles being issued. As for non-laca cases, this is not really an issue as the bank will automatically absorb the sum.
The beauty of auction properties with most overseas banks is they will pay up the owing sum directly to the management corporation. As compared with the local banks, they will normally ask the buyer to fork out the money first, then claim back the money from the local banks at later stage, which sometime takes up to one year! Therefore, if you are buying properties through auction with local banks, please get ready the owing sum first as part of your initial outlay.
Last update: 15-11-2009 09:46
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| "The Bank cancelled the deal!" |
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"I've bought a house at an auction fair by the bank, but they cancelled the deal two months later! Can they do that?" This was the question posted to us by one of our client who bought a single storey terrace house at Taman Desa Jaya, during a property auction fair conducted by the bank. For those of you who have read my previous articles on property auction before, you all knew this is what we called a Laca case, i.e. properties without individual titles issued.
After two months signing the contract of sale, and he has signed the loan agreement,and he has started doing the renovation (i would not advise this though) he suddenly got a call from the bank saying that the case need to be withdrawn. Apparently, the lawyer who's incharged of this property for the bank has made a blunder, i.e. this should be a non-laca case, simply because the individual titles has already being issued and registered under previous owner. As a result, the "correct" and "legal" way of disposing this property has to be done through Highcourt , and not by the bank themself. Therefore, the bank has to withdraw this case and re-auction the property through highcourt procedure.
So, in the end of the day, not only this purchaser will lose all his legal fees, he's also going to lose his renovation.
Two lessons we've learnt from this case:
(1) Never start renovating the house before the completion of the conveyancing procedure of your property
(2) When you want to bid for a laca property, and you already knew the titles have been issued, please do a land title search on it. If you find the previous owner's name has already being registered , then voice your doubt to the auctioneer, because this should be a non-laca case instead of a laca ones.
Last update: 08-11-2009 03:46
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