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metropolis taking shape in Johor April 25, 2011File photo taken on May 13, 2010 shows visitors looking around a luxury home in Iskandar Malaysia.— AFP pic JOHOR BARU, April 25 — A new metropolis three times the size of neighbouring Singapore is taking shape in the foothills of Johor, where officials and investors have equally huge ambitions for the city.He revealed that the project is likely to be a township “promoting healthy living” and covering more than 200 hectares.The Singaporean and Malaysian prime ministers will announce details by mid-year, Ismail added.Martin said such a project will “almost overnight change the landscape” as it will be another strong vote of confidence on Iskandar.“It will turbo-charge the already positive momentum,” said Martin, who is house-hunting in Iskandar before relocating his family from Singapore.“I’ve got my four kids already registered for Marlborough College.We’re just looking forward to Medini picking up,” he said.

IRDA’s Ismail said investor concerns over crime in Malaysia were being addressed by a strong police presence, more guards, surveillance cameras and creative urban planning.The price has been slowly increasing but it is weird that the place seemed abandon given most buyers were Singaporeans (before the RM500k minimum purchase price set in) or Malaysians working in Singapore.Developers price in Iskandar seemed on the high side but the uptake rate has been promising.Investor response has been encouraging so far, and the first wave of projects aimed at spurring more investment is due for completion in the next 18 months.“I’ve been there with my muddy boots on and I’ve got my construction knowledge so they can’t fool me on the progress,” Martin, a veteran of Asia’s construction business, said when asked if the development was on track.By the end of 2010, investment commitments in Iskandar totalled RM69.5 billion, surpassing its target by 48 per cent, with more than 40 per cent coming from overseas, Ismail said.

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