Commercial & Industrial Property News Update

Malaysia - Johor Bahru City Centre Transformation To Commence In 2013

October 18, 2012

Phase 1 work for the multi-billion ringgit Johor Bahru City Centre Transformation project will begin in early 2013, as scheduled.

Johor Bahru is gearing up for an ambitious transformation project valued at billions of ringgit, with Phase 1 work expected to begin in early 2013 as per schedule.

Overseen by the Iskandar Regional Development Authority (IRDA), the project is designed to transform Johor Bahru into a vibrant, world-class city over the next five to seven years. Last year, Prime Minister Datuk Seri Najib Tun Razak had pledged that the federal government would allocate RM 1.8 billion for infrastructure development in the project.

IRDA said the transformation will kick off with the cleaning up of the Sungai Segget River, with the agency spending around RM 270 million to rehabilitate and clean the river, said Datuk Ismail Ibrahim, chief executive officer.

The rehabilitation of the river is expected to take 24 months, said Ismail, adding that the success of the project would be the pivotal point for the entire redevelopment project.

"It is vital to transform Johor Bahru city centre in tandem with its position as one of the five flagship development zones in Iskandar Malaysia," he said.

The transformation project covers 485.62 ha in central Johor, including Bukit Chagar CIQ complex, the Ayer Molek prison and Hospital Sultanah Aminah. It also includes Bukit Timbalan, areas within the Johor Zoo and Tanjung Puteri Lorry Customs complex.

The Johor Bahru city centre transformation initiative is expected to benefit greatly from active participation from the private sector, with the government continuing to support progress by facilitating and injecting finds for the development of infrastructure and public facilities.

"As of now, 70% of the land owners within the affected areas have agreed to participate in the transformation of the city centre," noted Ismail.

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