Mega development on the rise in Iskandar Johor
JOHOR’S Iskandar region, already home to tourist attractions Legoland and Hello Kitty Town, is plumping up its offerings with a new RM300 million (US$96.8 million) integrated project aimed at tapping Singapore’s strong tourist traffic. According to local broadsheet The Straits Times, Singapore retail and property company Link (THM) Holdings’s Media Village will be built over four phases on close to six hectares of land.
When completed in 2018, it will offer 2,000 Soho apartments and business suites, and 102,193m2 of retail space with 70 per cent going to F&B outlets. Shops will be divided into seven categories reflecting cultural themes: Japan, India, South Korea, China, Europe, the US and a Malay kampung. It will be located beside Pinewood Studios, 10 minutes away from Singapore’s Tuas checkpoint.
Link founder and group chief executive, Kenny Tan, said in a report that he had been hesitant to invest initially, but the opening of Legoland and Pinewood Studios had proven that the Malaysian government could deliver. Tan predicts that 50 per cent of tourists in Singapore will stop over in Iskandar in the future.
Source: TTG Asia – http://www.ttgasia.com/article.php?article_id=20420
To add on, Legoland Malaysia will also be building the new Legoland Hotel and Legoland Water Park in 2014 and 2015 which will be part of the mega development in Iskandar Johor.