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|Johor unveils new plans for waterfront|
|Sunday, 19 February 2012 05:40|
Johor unveils new plans for waterfront
Malaysian Prime Minister Najib Tun Razak launched the waterfront master plan and pledged RM200 million in federal funds for infrastructure. The master plan is to build a glittering waterfront facing Singapore from 3,000 acres (1,210ha) of prime land swampy and reclaimed land, and envisions skyscrapers, residential blocks, hotels and waterfront homes, retail and food outlets and parks. Iskandar Waterfront Holdings is developing this land, flanking the Causeway.
“The waterfront development, with a gross development value of RM80 billion (S$33 billion), was launched five years ago as part of the Iskandar Malaysia special economic region in south Johor. Iskandar Malaysia aims to leverage on its proximity to Singapore and attract investments from global firms looking for a cheaper location. The plan is to develop high-end infrastructure, as well as international-class housing, entertainment, schooling and amenities to attract expatriates and Singaporeans to live in Johor.”
“What's in store for new development: An international financial and commercial centre; Danga Bay: Tebrau Coast; Venice@Danga Bay and a Redevelopment of the Johor Baru Central Business District over the next five years.”
See: Straits Times, Friday, 17 Feb, 2012