Opportunities In Iskandar For Malaysians

Certainly, the Iskandar Special Northern Development Corridor is fast becoming very popular among overseas investors.

Since its introduction in 2006, the Malaysian authorities made a lot of effort to draw rich overseas investors, specifically those coming from Singapore to invest in Iskandar by providing excellent tax along with other rewards.

To date, not only are Singaporeans making an investment, but investors from China, Taiwan, Japan, Europe and the United States are also coming by the legions to look at the excellent investment prospects in Iskandar.

There are lots of logic behind why Iskandar is a very desirable investment decision for foreign investors.

1) Low-priced Land

If there is one single thing in existence within the Iskandar Region in abundance, it has to be land - untouched land that the authorities has categorized as freehold. With land turning out to be incredibly rare and much more pricey in Singapore, it’s a good idea for Singaporean firms to spread out to Iskandar which happens to be merely over the Straits of Tebrau rather than to some other areas such as China. More and more Singaporeans have also been buying vacation or weekend residences in Iskandar also. Once again, it’s a good idea since they could get a landed property in Iskandar when it is very hard to purchase a low priced HDB flat in Singapore.

2) Affordable Work Force

There is unquestionably a lot of talents in Iskandar. Organizations enjoy the privilege of selecting within the local talent at a very inexpensive cost. The local talent has got the skills and know-how that is certainly equivalent to Singaporeans at the same time. Many of them are actually educated in  Singapore. And when there exist any kind of work which snobbish Singaporeans regard as beneath them to perform, for example manual labor and odd jobs, well there are numerous individuals who are prepared to get it done in Iskandar too.

3) Competitive Benefits In Exchange Rates

Since the exchange rate in many countries is at the very least twice the Malaysian Ringgit, it's a logical conclusion that foreigners can easily make investments at a fraction of the cost of what they ordinarily would fork out in their own countries and obtain twice the profits. They will spend less on the operational expenses at the same time, so it is quite sensible to shift their operations to Iskandar. For residential properties, foreigners can usually get first class landed properties and also high end condominiums which come complete with the way of life fitted to the well-off at a very inexpensive cost.

4) Upcoming Infrastructure Initiatives

Construction is currently under way to create a high speed rail link which links Singapore to Kuala Lumpur and it will go through Iskandar. This will make it quite easy for those travelling from either side of the causeway. And as the link is going to Kuala Lumpur, Malaysia's capital metropolis, this will make it incredibly easy for businessmen to travel around for meetings.

Currently fresh projects being recommended for Iskandar are receiving great response from overseas investors. But you may be wondering what of the local investors? This can be a huge poser on the minds of local investors because they don't find any kind of competitive benefits for them to give some thought to Iskandar as being a possible investment, regardless of the possibilities that are present there.

If you would like to know more about how you too can be a part of the Iskandar opportunity, acclaimed Property Guru Milan Doshi and a panel of illustrious speakers will have a talk on the topic of property investment in Iskandar for local Malaysians. Organized by Wealth Mastery Academy, the talk aims to make Malaysians aware of the great potential that is in their own backyard. Click here for further details.