14 February 2013

 

Singapore firm to pump $120m into Iskandar

SINGAPORE retail and property player Link (THM) Holdings will pump about RM300 million (S$120 million) into developing a mega integrated project in Johor's Iskandar region.

This is the first time a Singapore privately owned firm has embarked by itself on a large-scale property development project in Medini Iskandar, part of the wider Iskandar development area.

The Media Village project - to be built over four phases on almost 6ha of land - will comprise more than 2,000 small office, home office (Soho) apartments and business suites.

Retail space comprising 1.1 million sq ft will also be 70 per cent filled with food and beverage outlets

(The Straits Times, 07 Feb 13)